Search

1441. EY announces the launch of EY Entrepreneur Of The Year™ in Cyprus

EY Cyprus is pleased to announce the launch of the EY Entrepreneur Of The Year™ program for the first time in Cyprus. With this launch, the ultimate global competition for entrepreneurs officially opens today for nominations. ...

1442. Greece’s significant air power projection

Greece’s military procurement program – a thorn in Turkey’s side, described by its defense minister, Hulusi Akar, as “provocative” – is back at the fore, after the recent briefing in Parliament about the navy’s acquisition of 44 torpedoes for its Type 214 submarines....

1443. Back to school again!

Amid the flurry of new requirements and safety measures, the first day of school went off without a hitch....

1444. State budget and economic outlook for 2022

The Ministry of Finance is working hard to complete the proposed budget of 2022 for submission to the Council of Ministers....

1445. Accountants to have bigger say in important investments

Chartered accountants will be given a role in speeding up investment projects deemed “strategic” by the state, according to a bill still in the public consultation stage. Besides their usual role in attesting the legality of the investments’ implementation, accountants will also have a role in evaluating the plans. One of the incentives the bill provides to strategic investors is that the plans will be approved and formally given the go-ahead within 45 days....

1446. Congress presses State on Turkey’s drone program

Twenty-eight members of the House of Representatives, led by Congressmen David Cicilline of Rhode Island and Gus Bilirakis of Florida, wrote to Secretary of State Antony Blinken to '[express] concern over Turkey’s UAV program, which has destabilized multiple regions of the globe and threatens US interests, allies, and partners'...

1447. Nicosia reacts to new Al Jazeera video

Nicosia has refuted allegations concerning a Cypriot minister and his trips to London, in reaction to an Al Jazeera secret investigation into how convicted criminals could take on new identities and launder money through ownership of English football clubs by deceiving authorities...

1448. Booster shot up in the air as Cyprus vaccinates

Cyprus is very close to having 70% of eligible adults fully vaccinated, but debate on what’s next such as a booster shot is far from over as Israel gets unexpected data and WHO warns against an 'ill-advised' third dose...

1449. EY: CEOs understand transformation cannot be put off following COVID-19 pandemic

More than two-thirds (68%) of CEO respondents from the world’s largest companies say that they plan to take on a major investment in data and technology over the next 12 months, while 61% plan to undertake a major transformation initiative over the same period, according to the global EY CEO Imperative Study 2021. ...

1450. NSO denies knowledge of hacked list in Cyprus

Israel-based NSO Group is pointing the finger at customers who may misuse its Pegasus surveillance software, following reports that a list hacked in Cyprus contained thousands of mobile phone numbers believed to have been be targeted by the proprietary malware to spy on journalists and activists around the globe...

1451. EY acted as lead advisor to the Government of the Republic of Cyprus for the re-development of the Larnaca Port and Marina area

The Strategy and Transactions team of EY Cyprus undertook a lead financial advisory role on behalf of the Ministry of Transport, Communications and Works (“MTCW”) of the Republic of Cyprus in the successful completion of the transaction for the re-development of the Larnaca Port and Marina area between the Government of the Republic of Cyprus and Kition Ocean Holdings Ltd. ...

1452. Erdogan Cyprus visit redraws lines of division

The lines of division on the island of Cyprus are expanding beyond the traditional split along ethnic lines, with a visit by the Turkish president this week expected to cause friction within the Greek Cypriot community over the fate of Varosha but also within the Turkish Cypriot community over political values...

1453. Cyprus takes vaccine message to Facebook

Officials from the health ministry have partnered up with health experts and a patients advocate group in order to reach out to Facebook users who may be unsure about the pandemic or have concerns about getting vaccinated...

1454. Open season for players searching for gas

The Republic of Cyprus along with Greece and Israel have leased a research vessel to conduct seismic surveys in waters east and west of the island, at a time when chatter over gas exploration rounds in the region are coming back to the surface...

1455. Elderly man dies in car-moped collision

An elderly man said to be riding a moped was killed in a road accident in Xylofagou on Thursday, raising the death toll in road crashes to three within the last 48 hours in the Republic of Cyprus...

1456. Fast food drivers pulled over by police

Three deliverymen in Paphos were arrested during random road inspections by immigration police officers, who said the job contracts had not been properly stamped, while additional reports said the young men were asylum seekers who had a right to work...

1457. ECB tells Cyprus lawmakers to get it right

Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...

1458. Nations look to train at Cyprus security center

Three European Union member nations and three Middle Eastern countries are looking to train personnel in border, customs, maritime and cybersecurity techniques at a cutting-edge US-funded facility in Cyprus that is expected to be ready early next year, the Cypriot foreign minister said Thursday...

1459. Family businesses in Europe fared better in response to COVID-19

For businesses of all types, the first impact on the pandemic was felt on revenues. 64% of European family businesses reported initial revenue losses compared to 69% of family businesses globally, 25% managed to maintain their revenue levels, and 11% experienced increases...

1460. Cypriot president warns about Turkey agenda

Cypriot President Nicos Anastasiades has given a few more hints on what an EU agenda for Turkey ought to look like next month, only days after revealing he was prepared wield his veto power if a decision did not deal squarely with Cyprus...

1461. EastMed faces another challenge next week

European Union countries will seek to prolong EU support for cross-border natural gas projects, a stance at odds with the European Commission’s plan to end such funding, according to a draft document...

1462. Fact sheet puts US-Cyprus ties at historic high

The US State Department’s latest fact sheet on the Republic of Cyprus heralds a bright future of cooperation between the countries, with relations between the superpower and the island nation described as being at a historic high...

1463. Badly burned utility workers flown overseas

Two workers from Cyprus are being rushed to foreign hospitals for specialized medical care after suffering severe burns following in an accident at a utility substation...

1464. Cyprus unveils 'ambitious' stimulus plan

Cypriot President Nicos Anastasiades has called on the new parliament after elections as well as industry leaders to support an ambitious €4.4 billion economic stimulus plan, saying it will lead the country into a new era...

1465. US-Turkish alliance at a critical crossroads

The rift between Joe Biden and Recep Tayyip Erdogan runs deep as the American president – in contrast to his predecessor – attaches a great deal of importance to respect for democratic values and does not see his Turkish counterpart as willing to cooperate in the framework of a world order based on shared principles and rules, Ian Bremmer, the head of Eurasia Group, tells Kathimerini in an interview....

1466. Larnaca seafront’s last oil tank gone

A video showing the removal of the last oil tank from Larnaca’s seafront was posted online Tuesday, revealing an unobstructed view of the ancient town’s blue waters after years of local and national efforts...

1467. Europe must get off the sofa

Everything we learnt from what took place in the presidential palace, and then from Brussels, reinforced the image of a weak, if not anemic Europe...

1468. We are committed to seeing EastMed through

Israel's cooperation with Egypt and the strengthening of relations with other Gulf states contribute to peace, while enabling Israel and Cyprus to work together with other friendly nations, Sammy Revel says in an interview with Kathimerini...

1469. 2021 KPMG CEO Outlook Pulse Survey

1470. 22 green points operating islandwide, 14 more in pipeline

There are 22 green points operating across Cyprus, Environment Minister Costas Kadis said on Thursday, adding that the aim is to set up another 14 large green points to accommodate densely populated areas and dozens more smaller drop-off points in rural areas....