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1171. Tying up loose ends at Hellenic

Hellenic Bank experienced several changes in 2022, as it closed outstanding issues while also opening new chapters. Hellenic Bank made changes to its top management, staff, shareholding composition, and labor issues in the fourth quarter of 2022, ...

1172. 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...

1173. The EU will retaliate if Turkey's unilateral actions in Cyprus continue

A local source in Brussels said that if Turkey continues to take unilateral actions against Cyprus in violation of existing UN Security Council resolutions, there will be a reaction, noting that Nicosia "has no better ally than Brussels." ...

1174. Unaccompanied minors are on the rise

Managing the exponentially increasing number of unaccompanied minors or unaccompanied alien children (UAC) is a problem that must be solved by the government in collaboration with NGOs and other relevant actors....

1175. The key to the Cyprus problem is again in Nicosia

The international community and our regional community within the European Union do not currently find the Cyprus problem to be a particularly "sexy" issue, but it is still on the table....

1176. Cyprus scores funds for Euromed Tech Hub

The creation of the Euromed Tech Hub in Cyprus was unanimously decided last week by the Board of Directors of ANIMA Investment Network, a press release by Invest Cyprus says...

1177. Tatar irked by Menendez's comments

Recent comments by US Senate Foreign Affairs Committee Chairman Bob Menendez regarding the situation in northern Cyprus due to the Turkish invasion in 1974 and the current intransigence emanating from the Turkish side have outraged the leadership of the island’s Turkish-occupied territory....

1178. 'FTX-style crypto crash won’t happen in Europe'

The cryptocurrency world is reeling after the collapse of crypto exchange FTX — but EU policymakers are patting themselves on the back....

1179. Minister says efforts to promote Cypriot wine bear fruit

Energy Minister Natasa Pilides, who also oversees Commerce, said Wednesday that the first National Action Plan to promote Cypriot wine seem to be bearing fruit, as exports of wines in 2021 saw a rapid increase over 60%...

1180. Turkey again calls on Greece to demilitarize islands

Turkey’s National Security Council said on Thursday that it 'expects' Greece to immediately demilitarize its Aegean islands off the Turkish coast...

1181. December charity fashion bazaar for families in need

A FASHION Bazaar is being put on by the Alcyonides Charity Association in December 2022. This event has been a yearly tradition for some time and is crucial for raising money for the causes that Alcyonides is committed to supporting....

1182. Fuel price cuts have begun

Following a month of price volatility, the Cypriot market should see a reduction in the cost of motor and heating fuels in the coming days....

1183. €76.4m profit in first 9 months of 2022 for Hellenic

Hellenic Bank announced a profit of €76.4 million for the first 9 months of 2022. According to the Group Financial Results for the nine-month period, ...

1184. At least 400 migrant workers died in projects connected to the World Cup

World Cup chief Hassan Al-Thawadi said that between 400 and 500 migrant workers have died as a result of work done on projects connected to the tournament – a greater figure than Qatari officials have cited previously....

1185. Lawyers in Cyprus oppose backlog regulations

Lawyers in the Republic Cyprus are planning a demonstration against regulations aimed at expediting backlogged court cases, amid efforts by the state to speed up one of the world’s slowest administration of justice...

1186. World's largest crypto exchange platform to set up shop in Cyprus

The FTX bankruptcy scandal a few weeks ago rocked the entire crypto world to its core, after its founder Sam Bankman-Fried, the "wonderboy" of the crypto trading world,...

1187. Cyprus improving its anti money laundering compliance

Cyprus has recorded some progress in improving its level of compliance with Financial Action Task Force (FATF) standards on combating money laundering and the financing of terrorism,...

1188. The effects of Global warming on banks and insurance companies

One of the last print editions of the Economist had the title ‘Say goodbye to 1.5° C’ which refers to the goal of limiting the increase in the average temperature of the planet to 1.5 degrees Celsius...

1189. Tatar: Countries reluctant to recognize pseudo-state due to threats

1190. EC approves 7.75m aid for Cyprus agricultural sector

The European Commission has approved a 7.75 million euro Cypriot scheme to help some agricultural producers through direct grants, in order to deal with the side effects of Russia's invasion of Ukraine....

1191. Brussels urging guidelines for NGO boats in the midst of France-Italy migrant dispute

The European Commission is pushing to create guidelines for the NGO boats rescuing migrants off Europe’s shores as part of a plan to reduce the number of asylum seekers heading to the Continent....

1192. 14 billion euros of loans on ice due to the suspension of foreclosure sales

In Cyprus, credit purchasing companies manage over 80,000 loans totaling €20 billion....

1193. Petrides: 'The casino will attract hundreds of thousands of tourists'

The government is handing over a modern, more dynamic tourism product that has the capacity to further develop, said on Tuesday Finance Minister Constantinos Petrides in addressing the 44th Cyprus Hotel Summit and Exhibition organized by the Hoteliers’ Association....

1194. CYTA expects €400 million in revenue this year

Deputy Chairman of the Committee Chrysis Pantelides told CYTA after discussing the organization's budget for 2023 that CYTA is a very good example of a profitable and robust semi-governmental organization that should remain in the ownership of the state so that the public and society at large reap these important benefits....

1195. The visionary leader of Pafilia wins at the prestigious Bank of Cyprus Man of the Year Awards

Pafilia founder and CEO, Mr Elias Eliades has been awarded a prestigious honor at the 21st Bank of Cyprus MAN OF THE YEAR Awards, with the title of Best Manager / Entrepreneur....

1196. Russian officials denied visas for OSCE meeting in Poland

The government of Poland will not issue Schengen visas to officials from the Russian Federation for attending a meeting of the Organisation for Security and Co-operation in Europe (OSCE) set to be held in the city of Łódź in Poland on December 1 and 2....

1197. No OneLove armbands for England, Wales and EU countries

England, Wales and other European nations will not wear the OneLove armband at the World Cup in Qatar because of the threat of players being booked....

1198. Children's House: 1,565 children screened for sexual abuse

Children's House received referrals for 1,565 children to be investigated for sexual abuse from its inception in September 2017 until October 2022, according to a press release issued by Hope For Children Organization on Friday in honor of today's European Day for the Protection of Children Against Sexual Exploitation and Abuse....

1199. Chinese Ambassador: UN turns down agreement with pseudo-state for UNFICYP

Chinese Ambassador: The UN rejected an agreement with the pseudo-state for UNFICYP ...

1200. Resumption of Cyprus peace talks bleak

Ioannis Kasoulides offered a bleak outlook Thursday for resuming stalled peace talks any time soon even though a senior United Nations official affirmed the commitment of the world body’s chief to remain engaged in resolving one of Europe’s most intractable conflicts....