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1051. Lebanese drinks giant Kassatly building plant in Ypsonas

Lebanese drinks giant Kassatly Group Holding has started work on a new plant in Cyprus under “Boutique Beverage Bottling Int’l Ltd” as part of ambitious plans to move the brand from a regional powerhouse to a global player....

1052. The fierce battle for second place

1053. December Newsletter of K. Treppides & Co Ltd

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

1054. Russians flying to Cyprus get 'next best thing'

Moscow and Nicosia are growing further apart on travel between the two countries, prompting Russians living on both sides of the divided island to look for new routes through Turkey after rumors of direct flights in the north subsided due to the Cyprus Problem...

1055. Amsterdam launches 'Stay Away' campaign to discourage types of tourism

Authorities in the Netherlands have decided to introduce in Amsterdam a new campaign called “Stay Away”, in order to discourage specific kinds of tourism....

1056. Finance Ministry: 'Cyprus economy will not enter a recession'

There will be a significant slowdown in economic activity next year, we will be affected by increased energy prices and borrowing costs, but "inflation in Cyprus is being reined in at lower levels" compared to other European member states, ...

1057. Grant Johnson: City of Dreams Mediterranean will be the game changer for Cyprus’ hospitality industry

The multi-themed City of Dreams Mediterranean resort in Limassol, which will include a luxury hotel, casino, entertainment and sports facilities, adventure park, shops and restaurants, among others, will begin operations in the second quarter of 2023. Grant Johnson, the General Manager of COD analyzes what exactly the City of Dreams Mediterranean will be, what it will offer to the tourism product of Cyprus, how it will strengthen the country's economy and its position as a popular tourist destination and at the same time he analyzes how this project will have significant benefits for the local community and its people. ...

1058. ECB raises interest rates by 0.5%

Christine Lagarde warned markets not to expect an early end to rate rises next year, on a day when the European Central Bank and the Bank of England lifted borrowing costs to their highest levels in 14 years....

1059. Life satisfaction in EU down in 2021 compared to 2018

The European Office for Statistics, Eurostat, has revealed that citizens of the EU were slightly less satisfied with their lives in 2021 compared to 2018....

1060. Cyprus airways unveils strategic plans, new routes

Cyprus Airways on Wednesday unveiled its five-year strategic plan announcing the expansion of is flight schedule to five new routes, namely Milan, Zurich, Prague, Basel, and Cairo...

1061. Cyprus retail sector continues climb despite inflation

Black Friday, with its high levels of traffic and shopping, appears to have given way to the Christmas holiday season. The market is still moving well, with increased foot traffic in shopping malls and main streets....

1062. New Zealand becomes the world's first smoke-free country

As the first nation to adopt this policy and even pass a draft law, New Zealand has set the goal of getting the younger generation to stop smoking....

1063. Cyprus could become a year-round tourist destination by 2030

The ultimate goal of the National Tourism Strategy 2030 is to establish Cyprus as an all-season, high-quality, digitally intelligent and accessible tourist destination, that respects the environment and channels the benefits of tourism across the island,...

1064. Solon Kassinis has died

Solon Kasinis, a former DISY MP, passed away today at the age of 70....

1065. November's real estate performance

The year is almost over, and we now have a good idea of how the real estate market performed in 2022. As we all know, the difficulties were and continue to be numerous....

1066. Voter abstention levels concerning to electoral staff

Citizens will be called to the polls in less than two months to choose the eighth President of the Republic of Cyprus, with abstention rates reaching 23% - and potentially exceeding 30% - according to a poll conducted for Kathimerini by Symmetron Market Research....

1067. Consulco launches its direct real estate investment services

Consulco, the London investment specialist has launched its direct real estate investment services assisting overseas investors to acquire and manage residential properties in central London. ...

1068. 'K' poll: The race for second place (graphics)

We are in the crucial final sixty days before the elections, and everything points to a sensational thriller, a fierce battle for the coveted second place....

1069. 'Generators of hope'

The war in Ukraine is continuing unabatedly. Every day we hear about new atrocities of seemingly indiscriminate bombing of civilians. But we also see deliberate and targeted attacks on critical civilian infrastructure, such as electricity transmission networks....

1070. Prices of basic consumer goods fluctuating wildly

The average retail price levels in effect on December 7, 2022, compared to November 9, 2022, show that prices for basic consumer goods are staggering....

1071. The sky's no longer the limit when using your smartphone

Passengers aboard flights in the European Union will soon no longer be required to put their phones on airplane mode and will be able to make phone calls as well as use their mobile phones to the maximum of their features and capacity as airlines will be providing the latest 5G technology on their planes....

1072. Shipping tycoon wants to transfer biz to Cyprus

A Norwegian-born Cypriot billionaire wants to move his shipping company to Cyprus to reap benefits, including an EU-approved tonnage tax regime available only to tax residents of the island, which is scrambling to keep its industry afloat amid sanctions against Russia...

1073. CBC Governor: 'Any recession is expected to be mild and short-lived'

Constantinos Herodotou, Governor of the Central Bank of Cyprus, talked about the ECB objective and actions to restore and stabilize inflation at 2% in the medium term and maintain financial stability, saying that any recession is expected to be mild and short....

1074. Germany eases entry rules for qualified young Indians

Nationals of India will soon be subject to less strict rules when reaching Germany for professional, study, and work purposes as the two countries have signed the German-Indian Migration Agreement....

1075. EMGF approves Cypriot proposal on permanent advisory body

Energy Ministers of the member states of the East Mediterranean Gas Forum agreed on Wednesday on the proposal of the Cypriot Presidency of the EMGF to establish a Scientific and Technical Advisory Committee during the 8th Ministerial Meeting, held in Cairo under the chairmanship of Cyprus’ Minister of Energy, Commerce and Industry, Natasa Pilides...

1076. Insurance premiums expected to rise slightly

Inflation-related losses are also occurring for general insurance policies. Cyprus' insurance policies will specifically follow the broad pattern of other nations and other international insurance companies,...

1077. Nicosia passes energy forum baton to Cairo

Energy Minister Natasa Pilides will preside on Wednesday in Cairo over the 8th Ministerial Meeting of the regional intergovernmental organization East Mediterranean Gas Forum, the last one that will be held within the framework of the Cyprus Presidency of the Forum for 2022...

1078. EY: Open call for applications for the Women Fit for Business program Cyprus

AIPFE Cyprus-Women of Europe in collaboration with EY Cyprus and The Cyprus Institute of Marketing (CIM) will be launching the fourth round of the highly successful European initiative Women Fit for Business (WF4B) Cyprus in January 2023....

1079. Germany needs 400,000 employees annually to cover labor demands

Due to Germany’s aging population which results in a lack of qualified workers, the country’s labor market is at risk, with authorities left to count on target migration as a solution for the situation. ...

1080. G7 price cap on Russian oil kicks in

The Group of Seven price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow's ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it has to cut production....