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571. Cyprus gets taste of EU’s €85 million with a caveat

Cyprus will get Friday the first tranche of €85 million from the EU's Recovery and Resilience Mechanism, with European Commission technocrats also pointing to repeated suspensions of foreclosures in Cyprus that create problems in terms of achieving the goal of further reduction of NPLs...

572. Raising the Black Friday bar

This year's Black Friday is expected to be much stronger and more appealing to consumers than last year's Black Friday. Following the tepid and disappointing performance of 2021, market participants believe this is the case. ...

573. Immerse yourself in a Christmas wonderland

There is a little over a month left until Christmas, which means that now is the perfect time to book a trip for anyone who is planning to reach another country, especially a European country....

574. BOC: Profits for first nine months gobbled up by Voluntary Retirement Plan

The bank reported 9 million euro losses following the summer departure of 550 employees, which cost it 104 million....

575. Twitter closes its offices: Chaos in the aftermath of Musk's 'ultimatum'

Hundreds of Twitter employees are expected to leave the company after new owner Elon Musk issued an ultimatum requiring employees to work "long hours at high intensity" or leave....

576. EY Cyprus presents the Transparency Report 2022

ΕΥ Cyprus has released its Transparency Report 2022, which provides an update on the firm’s efforts to execute high-quality audits, identify and mitigate risks and enhance trust in business and the capital markets, in support of sustainable, long-term value creation. ...

577. Slower economic growth expected towards end of year

The Cypriot economy is expected to slow down towards the end of 2022 after growing steadily during the first half of the year, according to the chapter on Cyprus from the European Commission’s Autumn 2022 Economic Forecast which was presented on Friday by Commissioner for the Economy Paolo Gentiloni....

578. Deep political divide in the US as midterm elections loom

In a stark closing argument ahead of the U.S. midterm elections, President Joe Biden on Monday warned that a Republican victory could weaken the country's democratic institutions, while former President Donald Trump hinted he could announce another White House bid as soon as next week....

579. WIP - Brave New Humanity / Arts and Technology Festival 2022, 11 - 23 of November (update)

The WIP (Work in Progress) festival is an ever-evolving series of activities and exhibitions focused on arts & technology synergies. The festival hosts over 80 experiences and presents media artworks, performances, research projects, talks, workshops, screenings, and interactive games from invited local and visiting artists, universities, organizations, and CYENS....

580. Cypriot Vladimiros Tziortzis wins 3rd place at Euro Nascar 2

Cypriot race driver Vladimiros Tziortzis won the biggest distinction in his career and one of the top distinctions in Cyprus motorsport history, after finishing on Sunday in third place at the 2022 NASCAR European Championship, in the EURO NASCAR 2 category....

581. 'Wild World' singer Yusuf Islam, aka Cat Stevens, urges Erdogan not to abandon peace in his 'fatherland' of Cyprus

Last week, Turkiye welcomed one of music’s most iconic stars, singer-songwriter Yusuf Islam. The artist was performing a series of fundraising concerts in Istanbul and Ankara, with President, Recep Tayyip Erdoğan, and his wife, First Lady Emine Erdoğan attending the event in the Turkish capital....

582. Director Achim Wieland has died at the age of 57

Director and visual artist Achim Wieland died at the age of 57 after a long and exciting career in Cyprus's arts community. Achim Wieland attended the presentation of the popular play "Tea Ceremony" at the Off Fringe Festival in Catania, Sicily....

583. Wim Van Aken talks recession and the predictions for Cyprus

We are facing a double shock. First, we had the Covid-19 shock and now the global and European economies are facing a new shock with the war in Ukraine. Both events are unprecedented for many of us....

584. Embracing the digital age through the 'smart school' program

Our educational system, the Ministry of Education, and the State are making an important and historic transition to the digital era with the signing of the €20 million Contract for the "Support Services System" Project on September 6, 2022. ...

585. Porsche 911 GT3 RS completes the ‘ring in 6:49.328 minutes

586. 'Weeks of the German Language' is back after a 2 year hiatus

The Embassies of Austria, Germany, Switzerland and the Goethe-Institut Cyprus have the pleasure to announce that the 'Weeks of the German Language', which strives to promote multilingualism in Cyprus and contributes to the cultural exchange between Cyprus, Austria, Germany and Switzerland, will take place all over Cyprus for the 6th consecutive year....

587. Kathimerini poll: Christodoulides unaffected by electoral pressure

The countdown to the presidential elections has begun, and the Symmetron poll for Kathimerini reveals the critical issues that define the political environment. ...

588. EY achieves highest growth in nearly two decades, reports record global revenue of US$45.4b

EY announced combined global revenues of US$45.4b for the financial year ending June 2022 (FY22), an increase of 16.4% in local currency (13.7% in US dollars). This marks one of the most successful years in the history of the organization with the highest growth seen in nearly two decades attributed to the EY NextWave strategy to deliver long-term value for EY people, clients and society....

589. September Newsletter of K. Treppides & Co Ltd: European Securities and Markets Authority

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....

590. Cyprus highly innovative compared to other EU countries

Cyprus has achieved the biggest improvement in the field of innovation at the European level since 2015, according to the annual report of the European Innovation Scoreboard 2022 of the European Commission....

591. Profits of €55.4 million in first half of 2022 for Hellenic Bank

Hellenic Bank reported a profit of EUR 55.4 million for the first half of 2022, compared to a profit of EUR 21 million in the corresponding half of 2021....

592. New High Commissioner: UK to continue its support for a just solution in Cyprus

The new UK High Commissioner to Cyprus, Irfan Siddiq, said that his country will continue to support the achievement of a just, democratic and lasting solution to the Cyprus problem, stressing that a reunited Cyprus can achieve even greater things as a country....

593. NIPD Genetics, a Medicover company announces the addition of six new NeoThetis liquid biopsy tests for therapy selection

NIPD Genetics announces the addition of six new NeoThetis liquid biopsy tests for therapy selection, which include Breast & Gynecological, Gastric, Melanoma, Pancreatic, Prostate and Pan-Cancer. ...

594. Actress Irene Papas has passed away at age 96

Actress Irini Papas passed away this morning (14/9) at the age of 96, leaving us a great legacy of her performances in film and theater....

595. 150% increase in foreign direct investment - 600% increase in the technology sector

Cyprus is ranked 18 among other countries in attracting foreign direct investment, as reported in the seventh edition of the Greenfield FDI Performance Index of the FDI Intelligence for 2021, going up by 50 places compared to 2020....

596. Gorbachev, who steered Soviet breakup, dead at 91

Mikhail Gorbachev, who set out to revitalize the Soviet Union but ended up unleashing forces that led to the collapse of communism, the breakup of the state and the end of the Cold War, died Tuesday. The last Soviet leader was 91...

597. Cypriot economic sentiment at 17 month low

The economic sentiment in Cyprus deteriorated in August to a 17-month low, as the Economic Sentiment Indicator (ESI-CypERC) decreased by 4.5 points compared with July 2022....

598. Leadership and management in the tourism industry

The demands of tourists, especially after the coronavirus pandemic, seem to be constantly changing and for this very important reason, businesses should incorporate new management methods, focusing mainly on a more humane approach to the customer....

599. Sleepy Greek port becomes US arms hub

But the sleepy port of Alexandroupoli in northeastern Greece has taken on a central role in increasing the US military presence in Eastern Europe to contain Russian aggression. That flow has angered not only Russia but also neighboring Turkey, underlining how war in Ukraine is reshaping Europe’s economic and diplomatic relationships....

600. Foreign Direct Investment in Europe a game of two halves: current volatility impacts strategy while long-term appeal instills confidence

Europe’s attractiveness for FDI has shown signs of recovery following the COVID-19 pandemic with a 5% increase in the number of projects announced in 2021 compared to 2020, according to the latest annual EY European Attractiveness Survey....