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421. Air guardsman caught applying for hitman job on rentahitman.com

An Air National Guardsman was arrested and charged Thursday with applying to be a hitman on a parody website, officials say....

422. BOC to pay dividends after 12 years

The Bank of Cyprus is the first bank in Cyprus and Greece to receive approval from the European Central Bank (ECB) to pay dividends. The lender is expected to resume paying dividends to its shareholders after 12 years....

423. Benefit payments: Ministry allows paper applications after server failure

The Ministry of Labour and Social Insurance has issued a response to the recent issue of their websites being temporarily down on Monday. The Ministry has informed the public that payments can still be made by cheque or cash at their local District Social Insurance Offices....

424. EAC employee arrested for defrauding citizens

A 43-year-old resident of Paphos has been ordered by the Paphos District Court to be detained for seven days on allegations of misappropriating over €30,000 from a semi-governmental organization, AEK, intended for the installation of photovoltaic panels....

425. What is the future for banks?

Banks have suffered significantly in the last 15 years. Some have been forced to shut down, while others had to reduce deposits. In some countries, banks have been subject to capital controls, and many have had to change their shareholder structure due to state intervention....

426. Inside the high-stakes prosecution of a former president

Former U.S. President Donald Trump has made history by becoming the first president to face criminal charges before a court of justice in the United States. ...

427. Trump faces 34 felony charges but won't be handcuffed or have mug shot taken

Donald Trump will be placed under arrest today and informed that he has been charged with 34 felony counts for falsification of business records, according to a source who has been briefed on the procedures for the arraignment of the former president....

428. Minister of Labor to submit CoLA mediation proposal

Minister of Labour and Social Insurance Yiannis Panayiotou said on Friday he would submit a mediation proposal to the social partners (trade unions and employers) to reach an agreement on the issue of the Cost of Living Allowance (CoLA)....

429. Trump makes history: Former president indicted

Former U.S. President Donald Trump has been indicted by a Manhattan grand jury. This comes after years of investigations into his personal, political, and business dealings and an abrupt jolt to his bid to retake the White House. ...

430. Europe's largest economy paralyzed over strikes

Airports and bus and train stations across Germany were at a standstill on Monday, causing disruption for millions at the start of the working week during one of the largest walkouts in decades as Europe's biggest economy reels from inflation....

431. EAC warns of fake employees asking for money

The Cyprus Electricity Authority (EAC) has warned consumers about impostors who pose as its employees or partners and demand money to restore their power supply....

432. Employers and labor unions can't agree on COLA issue

Employers and unions continue to take opposing positions on the issue of Cost of Living Allowance. (COLA). One of the most pressing issues for the Labour Minister, who has already held the first separate meetings with the four unions PASYDY, PEO, SEK, and DEOK. ...

433. Banks and artificial intelligence

Artificial intelligence is a technology that is based on a machine's ability to perform procedures and make decisions based on data analysis and learning....

434. One in two Cypriots considers it easy to start a business

Approximately one in two Cypriots considers it easy to start a business in Cyprus, according to the Global Entrepreneurship Monitor (GEM) Cyprus Report 2021/2022...

435. Cyprus scraps online visa appointments after scandal

Immigration authorities in the Republic of Cyprus scrapped an online appointment platform on Monday after allegations were made public about agents selling available slots to foreigners for profit and causing months of waiting for those who did not shell out the cash...

436. 42,000 euros for every victim who died in the Tempe rail tragedy

Hellenic Train, whose train crashed in a head-on collision with a freighter on Feb. 28, killing 57 people on board, announced on Wednesday it will make advance payments to the families of the victims and to the passengers injured in the crash in Tempe, to cover their immediate financial needs....

437. Minister of Agriculture pushing for a 'Farmers Card'

Agriculture Minister Petros Xenofonos announced today during a meeting of the House of Representatives Agriculture Committee that he intends to create a farmer's card to provide services to the agricultural world....

438. KEDIPES: Interest subsidies for good loans in 2023

As a reward for borrowers who stick to the repayment schedule of their credit facilities for the year 2023, KEDIPES is moving forward with an interest subsidy for restructured credit facilities that have the ECB base rate as their base rate....

439. Minister of Labor in the hot seat on COLA issue

The President of the Republic's directive to the new members of the government that there is no time to waste and that the government should ramp up the initiation of its projects effectively overrides some ministries where pending issues are pressing. ...

440. Akamas compensation guidelines poses risks, says Finance Minister

"The guidelines for compensating landowners in Akamas for the loss of land value they have incurred and providing assistance to the neighborhood are speculative and ill-defined....

441. 2023 will be the year banks dole out dividends

Apart from entering 2023 with inflationary tendencies and following a year with a geopolitical crisis due to the Ukrainian one, it is expected to be the year when the term "dividend distribution,"...

442. Thinking of investing in real estate? Don’t do it.

A lack of financial literacy can lead people to consider investing in direct real estate. This a provocative statement to say the least, so let me explain....

443. Bank of Cyprus: 71 million in profits in 2022

Bank of Cyprus' profit for 2022 was 71 million euros, up from 30 million euros in 2021....

444. Cyprus Land Development received 11.1 million from the passport program

The Cyprus Investment Program, also known as the passport program, brought in €11.17 million for the Cyprus Land Development Corporation between 2019 and 2022....

445. Americans will soon need to pay a small fee to enter the UK

U.S. citizens will soon have to apply for permission before their United Kingdom trips and pay a small fee to enter as part of the country's upcoming Electronic Travel Authorization scheme....

446. Nearly 60 million euros in electricity subsidies doled out since September 2022

447. A large number of foreclosure notices to be sent tomorrow

Today, Tuesday, January 31, 2023, marks the end of the most recent three-month suspension of divestments imposed by a resolution of the House of Representatives. ...

448. Guarantor wants off the hook over old bad loan

Cyprus’ financial commissioner came to the rescue of a loan guarantor who says he should not have to pay anything because a former credit union had failed to send him default notices 'without delay' concerning non-payment by the primary beneficiary...

449. Pilides: Government to push for more home solar panel installations

The Government does not intend to stop the measure that encourages the installation of solar panels in homes, but to enhance it, the Minister of Energy, Trade and Industry Natasa Pilides pointed out on Friday....

450. Strike: Trade unions call for COLA agreement

Hundreds of workers gathered outside the Finance Ministry today calling for the full reinstatement of COLA (Cost of Living Allowance). ...