Search

1351. Keravnos expects more from banks to boost Cyprus economy

The Cyprus economy has proven its resilience in recent years, Finance Minister Makis Keravnos said Tuesday at the 4th Conference "Banking System: New Challenges and Opportunities", that takes place in Nicosia, noting that there are still challenges that the banking sector must address....

1352. CBC lowers GDP growth projections for 2023 and 2024

The Central Bank of Cyprus has revised its growth projections for 2023 and 2024. They now expect GDP growth to be 2.4% in 2023 and 2.7% in 2024, down from their previous forecasts of 2.6% and 2.8%. This is due to Western sanctions against Russia and the fragile external environment affecting professional and non-tourism services....

1353. Revolutionizing the management of multi-owner buildings in Cyprus

The proposed legislative changes, tabled in the parliament yesterday, seek to modify and enhance the existing framework for the management of common buildings....

1354. Cyprus endorses bold auto rules for health and industry

Cyprus supported the compromise proposal put forward by the Spanish Presidency of the EU Council on the proposed Euro 7 regulation, during a meeting of the EU Competitiveness Council in Brussels, on Monday, with the permanent secretary of the Ministry of Energy, Marios Panayides, stressing that the new rules should protect human health while ensuring the competitiveness of the automotive industry....

1355. Construction of petrol storage terminal must be a priority, says Energy Minister

The construction of a petroleum products storage terminal with a completion date of 2025 is considered a project of exceptional importance with regard to Cyprus' strategic energy autonomy, Minister of Energy, Commerce and Industry, George Papanastasiou, ...

1356. Greek workers toiling longer, earning less

Greeks work 41 hours a week, more than any other Europeans, but are paid less. Monthly salaries do not exceed 1,038 euros on average, according to the latest figures compiled by the Single Social Security Entity (EFKA), ...

1357. How high is too high before tax relief kicks in?

Diesel prices have dipped by nine cents per liter at gas stations compared to late August, while unleaded 95-octane petrol is now six cents cheaper....

1358. Halloumi exports hit €112 million mark

The demand for halloumi, Cyprus’ renowned cheese, in foreign markets is steadily growing with exports in the first four months of 2023 amounting to €112 million, Minister of Agriculture, Rural Development and the Environment, Petros Xenofontos has said....

1359. Are 'green' products really green? EU takes a stand

Have you ever looked at a product that claims to be carbon neutral or environmentally friendly and wondered what the heck that means, specifically? It can be a dodgy marketing practice that induces consumers into buying something that may not be anything of the sort....

1360. Christmas villages open their doors in November

Starting from November 26th, the enchanting Christmas villages are set to welcome the public once again this year....

1361. SYPRODAT and Government join forces to end non-performing loans

Finance Minister Makis Keravnos expressed satisfaction with the progress made in divestments and the reduction of non-performing loans (NPLs) during a meeting at the Ministry of Finance with SYPRODAT President Costas Melas and Association Director Jenny Papacharalambous....

1362. Greek scientists unveil a game-changing tool to catch cancer earlier

An increasing number of cancer patients are finding a cure thanks to innovative diagnostic and therapeutic techniques, especially if the disease is detected early....

1363. Pseudostate promoting tourism aimed at Balkan states

In the realm of foreign tourism promotion and marketing, the pseudostate actively participated in the inaugural Istanbul Balkan Tourism Exchange Exhibition (IBTB Istanbul) from September 20 to 22....

1364. 22 startups aim for 10K prize

Twenty-two startups hailing from Cyprus, Great Britain, Israel, and Greece are vying for the prestigious 10,000 euro prize at the 2023 Digital Agenda Cyprus Summit....

1365. Musk's Neuralink calling for human test subjects

Elon Musk’s controversial biotechnology startup Neuralink opened up recruitment for its first human clinical trial Tuesday, according to a company blog....

1366. Consulco’s London Credit Fund; Existing & New Investment Opportunities

1367. E-kalathi bill sparks debate in Parliament

During yesterday's session of the Parliamentary Committee on energy and trade, the debate shed light on a crucial aspect of the E-kalathi bill. It became evident that there are lingering disagreements among stakeholders and the majority of MPs on this issue. ...

1368. Olive oil prices soar due to shortage and weather woes

The price of olive oil is expected to rise dramatically, possibly exceeding 10 euros per liter and reaching 15 euros in Europe, according to agricultural organizations....

1369. Foreign demand fuels Cyprus real estate boom as local interest wanes

Demand in the real estate market remained steady from January to August despite rising prices, but interest has gradually waned, according to Paul Loizou, CEO of Ask Wire. ...

1370. Minister demands urgent action on migrant smuggling

Migrant smuggling is a global concern that demands our immediate attention, Minister of Justice and Public Order Anna Koukkides Procopiou said on Tuesday, adding that a country deeply affected by this phenomenon, is Cyprus....

1371. Consumers revolt as rising prices trigger surge in complaints

In recent months, the Pancyprian Consumers Association has been inundated with consumer complaints, particularly following the reinstatement of excise duty on fuel and the termination of electricity subsidies. ...

1372. EY achieves record global revenue of nearly $50 billion

EY reports record global revenue results of just under US$50b...

1373. Ukraine sparks trade war with legal action over food bans

Ukraine has filed lawsuits to the World Trade Organization (WTO) against Slovakia, Poland and Hungary over their bans on food imports from Kyiv. ...

1374. 150-million-year-old dinosaur Barry to be sold in Paris auction

An unusually well-preserved dinosaur skeleton, a Camptosaurus known as Barry, will go under the hammer in Paris next month....

1375. LEGO-bricks for real buildings in Florida

A Florida construction firm is seeing fast adoption of its intuitively-made building blocks that work like real-life LEGO bricks....

1376. Will Tesla's next factory be in Turkey?

Turkish President Recep Tayyip Erdogan has extended an intriguing invitation to Tesla's CEO Elon Musk, proposing the establishment of a Tesla factory in Turkey....

1377. SSM chief urges banks to be prudent amidst soaring profits

The Chairman of the Single Supervisory Mechanism (SSM), Andrea Enria, has emphasized that the gains from high interest rates for banks will eventually come to an end....

1378. Halloumi woes persist as PDO battle heats up

One year after the implementation of an agreement between the Ministry of Agriculture, producers, cheese makers, and KEBE regarding halloumi cheese, issues persist....

1379. Minister Vafeadis targets unpaid camera fines

The Minister of Transport, Alexis Vafeadis, showed his dedication to finding solutions during yesterday's meeting of the Parliamentary Committee on Transport....

1380. K. Treppides & Co Ltd: Cyprus financial market recovery or impending closure? Uncovering hidden risks