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1771. 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....

1772. Greeks challenge legitimacy of Turkey-Libya deal

Libya's Tripoli government signed a preliminary deal on energy exploration on Monday, prompting Greece and Egypt to say they would oppose any activity in disputed areas of the eastern Mediterranean...

1773. Candidates concerned over higher rents facing undergraduates

Parties and candidates on Monday continued their activities, ahead of the February 2023 presidential elections, with issues such as digital transformation, labor relations, the Cyprus problem and benefits for undergraduate students who face difficulties renting student halls, topping the agenda....

1774. Third annual Comulis conference highlighted correlative imaging methods

Following the successful COMULIS Conferences in Austria and Sweden, The Cyprus Institute (CyI) hosted the 3rd Annual Conference of the COMULIS COST Action (Correlated Multimodal Imaging in Life Sciences; https://www.comulis.eu),...

1775. A cat has nine lives. So does the Cyprus property market.

Where is the Cyprus property market heading? I have been asked this question countless times over the past three months, primarily from foreign investors who are trying to appreciate how the rise in inflation, increase in interest rates, and war in Ukraine is affecting local market dynamics....

1776. Self check-in and robots - the future of tourism in Cyprus

1777. The economy and Turkey's East Med push dominated candidate's talking points this week

The development of the economy, the basic positions of the Committee of Occupied Municipalities on the Cyprus problem and Turkey's activities in the Eastern Mediterranean are the main talking points of the presidential candidates this week....

1778. Ayia Napa Marina welcomes the SUPER CRUISE SHIP ''Rhapsody of the Seas''

Ayia Napa Marina has proudly welcomed its first SUPER CRUISE SHIP ''Rhapsody of the Seas'', following the first cruise ship to anchor at the marina on 29 May. ...

1779. Rhapsody courtesy stop unpacks Cyprus’ game plan

Cypriot officials were stoked on Tuesday when the Rhapsody of the Seas made a brief stop at the Ayia Napa Marina, a moment filled with high expectations for the island that hopes to attract cruise ships in its southeastern shores...

1780. Employing Turkish Cypriots in ROC can play a key role in reunification

In a letter to Nicosia, the European Commission is calling for the upgrading of skills and the promotion of Turkish Cypriots in specific sectors of employment in the Republic of Cyprus, hoping that such a development will create a win-win situation....

1781. Israeli minister in Nicosia as gas bargain heats up

Israeli Energy Minister Karine Elharrar is visiting Cyprus on Monday to talk gas directly with her Cypriot counterpart, after companies tasked by the two governments to negotiate a joint reservoir failed to agree on a buyout deal...

1782. State fair site to become innovation zone

The Finance Ministry welcomed a decision by the Council of Ministers on Wednesday to establish an innovation zone and a business zone/exhibition space at the Cyprus International Fair site....

1783. Turkish Cypriot properties a thorny issue on the campaign trail

Candidates for the Presidential Elections that will take place in February 2023 paid a series of visits on Tuesday and Wednesday to villages, agencies and institutions while criticizing the government on various issues such as the management of the Turkish Cypriot properties in the government-controlled areas....

1784. 'Cyprus Tomorrow Plan': The legacy of the Anastasiades government

Cyprus President Nicos Anastasiades said he has a “clear conscience” as he delivered on his commitments concerning the creation of a “welfare state with no exclusions,”...

1785. Mario Nava: 'Energy can strengthen the connection between the two communities'

In an interview with Kathimerini, Mario Nava touches on a number of issues with regard to the Cyprus Problem, including how trade between the two communities is the only answer to smuggling, the progress in the implementation of the Halloumi case and the role of the EU in future Cyprus talks....

1786. Public hospitals to be fully computerized in 24 months

Deputy Minister of Research, Innovation and Digital Policy Kyriacos Kokkinos announced on Monday that in 24 months, the computerization of public hospitals will be completed through the integrated health information system, the contract of which was signed at the Presidential Palace....

1787. Eleftheria square internationally recognized as 'stand out' project

Cyprus’ Eleftheria Square was among the 150 architectural projects worldwide that were distinguished in the awards organized by the Chicago Athenaeum: Museum of Architecture and Design and the European Center for Architecture Art Design and Urban Studies, according to a press release by the Municipality of Nicosia on Monday....

1788. €19m funding for photovoltaics in National Guard camps

Cyprus Ministry of Defence has secured, through EU structural funds and in particular the Thalia Programme, €19 million to fund the installation of photovoltaic systems in National Guard camps, ...

1789. 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....

1790. ECB hikes up interest rates 75 basis points to 1.25%

The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday and signalled further hikes, prioritising the fight against inflation even as the bloc's economy is heading for a likely winter recession....

1791. 186 year old landmark zoo in Bristol finally closes its doors

One of the oldest zoos in the world, Bristol Zoo, closed its doors after 186 years of operation on September 3rd as its guests have been moved to a new site....

1792. New European Newsroom comprised of 18 news agencies

A total of 18 news agencies from all over Europe are participating in the European Newsroom initiative, which was formally launched on Tuesday in Brussels....

1793. Public schools to be digitally upgraded by 2025

The Cypriot Ministry of Education, Sports and Youth on Tuesday signed a €20 million contract for the provision of digital support services, paving the way for the transition towards digital public schools....

1794. Bicycle subsidy platform now open for new applications

The Department for Transport, Communications and Works announces the opening of applications for the revised Bicycle Purchase Grant Scheme for 2022 - 2023....

1795. More than €370m earmarked for rural and mountain communities

"The government supports rural areas and their residents", Cyprus’ Transport Minister, Yiannis Karousos said on Sunday evening, stressing that in 2019 the government adopted the National Strategy for the Development of Mountain Communities, for the first time since the establishment of the Republic of Cyprus....

1796. Metsola: 'Europe's bloc is made stronger by the discovery of so much natural gas in your country'

In anticipation of Roberta Metsola's visit to Cyprus on September 9th, Kathimerini's George Kakouris sits down with the European Parliament President and gets her take on the Cyprus problem, recently discovered natural gas reserves and the issue behind Cyprus' "golden passport" scandal....

1797. 30.5 tons of waste collected by volunteers island-wide in 3 years

A total of 30.5 tons of garbage, mainly plastic, were collected in a course of three years from volunteers all over Cyprus in a campaign titled #potavristou, which means roughly translated "move and help"....

1798. Bi-communal summer camp uses science as a means to peace

The role of science in peace-building was highlighted in a bi-communal STEAM camp, which was organized this summer and was funded by the US Embassy in Cyprus. The STEAM for Peace and Entrepreneurship Camp Attendance Certificate Ceremony took place on Wednesday at the Home for Cooperation in Nicosia....

1799. California to cover canals with solar panels to fight drought

State utilities in California are preparing to launch a pilot project to cover California’s irrigation canals in solar panels....

1800. Bank of Cyprus announces €50m net profit in first half of 2022

Bank of Cyprus announced a profit after tax amounting to €50 million for the first half of 2022, setting its sights on dividend distribution in 2023, for the first time since 2011, depending on market conditions and regulatory approvals....