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121. Interest rates extended, borrowers face dilemma

Last Thursday, the European Central Bank (ECB) opted to maintain interest rates, extending the uncertainty for borrowers regarding their loans and repayments....

122. January Newsletter of K. Treppides & Co Ltd: CySEC

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

123. Ancient 'zombie viruses' stir beneath melting permafrost

In a chilling revelation, scientists have unearthed a concerning array of ancient pathogens from beneath the permafrost in Siberia, indicating a potential threat of a bizarre new pandemic looming on humanity’s horizon....

124. Macan sets new standards: the first all-electric SUV from Porsche

125. Bank of Cyprus gears up for investment talks in New York

Bank of Cyprus has packed its bags for New York as it gears up to meet with the investment community at the Athens Stock Exchange's conference in collaboration with JPMorgan on the 25th of this month. ...

126. Wizz Air soars to new heights with 71% increase in Cypriot passengers

In 2023, Wizz Air experienced a remarkable surge in popularity among Cypriot travelers, with a staggering 71% increase in passengers compared to the previous year, reaching a total of 2.2 million passengers, as announced by the company....

127. Deal in the works for CNP Cyprus

The subsidiary of the French insurance giant CNP Assurances, CNP Cyprus Insurance Holdings, is currently in discussions for a potential change in ownership. ...

128. Businesses fear global tax reform will lead to double taxation

Global tax reform, ineffective use of technology and economic uncertainty are putting significant strain on business’ transfer pricing (TP) capabilities, according to the 2024 EY International Tax and Transfer Pricing Survey....

129. Mythologizing Nikos Koshis

The portrayal of Nikos Koshis as a role model for combating organized crime, being showcased on various TV stations whenever crime rates surge, has consistently caused me significant embarrassment....

130. Women say 'NO' to more babies despite Chinese Government urges

Amid a national emergency, China's Communist Party strives to increase birth rates with incentives like cheaper housing and tax benefits....

131. Why Finland's education system is top ten tough

A recent study by MastersDegree.net has identified Finland as having one of the most demanding education systems globally, following a 9-3-3 structure....

132. Cyprus ranks fourth in EU for cars per capita, exceeding average

In 2022, Cyprus ranked as the country with the fourth-highest number of passenger cars per population, boasting 658 cars per 1000 inhabitants, significantly surpassing the EU average of 560 vehicles per 1000 inhabitants, according to Eurostat, the statistical service of the European Union....

133. Can Cyprus withstand yet another crisis?

The recent Houthi attacks on commercial vessels navigating the Red Sea have triggered another disturbance in the intricate web of the global supply chain...

134. How the consumer pocket faces a perfect economic storm

The uncertainty and the intense upheavals in the global supply chain continue....

135. Non-performing loans hold steady at €2B amid rising rates

Non-performing loans in the Cyprus banking system remained essentially unchanged at €2 billion in October 2023, marking a marginal reduction of just €2 million, in an environment of rising interest rates....

136. Cyprus shines with 20% tourism surge!

In a burst of post-pandemic enthusiasm, Cyprus shines as the EU's tourism star, celebrating an impressive 20% surge in 2023 – a dazzling spectacle second only to a breathtaking fireworks display!...

137. Central Bank chief cautions on early rate cuts amid global tensions

Central Bank Governor and European Central Bank (ECB) member Constantinos Herodotou stated that discussions regarding interest rate reductions are premature, given ongoing geopolitical conflicts and potential disruptions in the supply chain arising from tensions in the Red Sea....

138. Forty percent of global jobs face disruption because of AI

Artificial intelligence (AI) is poised to reshape the global job market, potentially affecting 40% of jobs worldwide, according to the head of the International Monetary Fund (IMF), Kristalina Georgieva....

139. Dr. Anastasatos forecasts bright future for Cyprus economy

Eurobank group's chief economist, Dr Tasos Anastasatos, expresses optimism about the Cyprus economy, emphasizing that the decision to expand the group's banking presence in Cyprus is linked to these positive economic prospects....

140. Houthi strikes send prices soaring in global trade

In recent weeks, the developments in the Red Sea, with the Houthi attacks on commercial ships and their impact on global trade, have dominated the discussions of suppliers with their partners....

141. Putting the new Macan through its paces in the name of performance and efficiency

Porsche is putting the prototype of the all-electric Macan through an exacting and gruelling test programme to prepare the follow-up to the successful SUV for its upcoming world premiere. ...

142. Lagarde: ''Trump 'clearly a threat' to Europe''

According to a report in the Financial Times today, ECB President Christine Lagarde expressed concern over the potential re-election of Donald Trump as US president, stating that it is 'clearly a threat' to Europe based on his policies during his first term....

143. Cyprus real estate booms in Q3 2023

Cyprus experienced a real estate boom in the third quarter of 2023, with housing prices soaring and a surge in demand from both domestic and foreign buyers, according to data released by the Central Bank of Cyprus (CBC) on Wednesday....

144. Theater grants and the Ministry's cultural quandary

The new year has begun and immediately it was marked culturally by the crisis in the theater, due to the grants that were given by the Thymeli Plan....

145. COVID-19: 3 in intensive care, individual cases withheld

The number of patients hospitalized with coronavirus in public hospitals has reached 92, while according to the spokesman of the OCYPY, Pambos Harilaou, three people are intubated in the Intensive Care Unit....

146. Study suggests 17,000 deaths linked to COVID-19 treatment

In a startling revelation, a study by French scientists indicates that nearly 17,000 individuals may have lost their lives during the first wave of the pandemic after taking hydroxychloroquine....

147. COVID-19 JN.1 sub variant surpasses 3000 cases

Coronavirus outbreaks are increasing in Cyprus and Europe in general, following the emergence of the ''Omicron 2'' JN.1 sub variant....

148. South Africa accuses Israel of genocide in urgent ICJ appeal

South Africa has urgently petitioned the International Court of Justice (ICJ) to intervene and prevent potential genocide by Israel in Gaza, specifically calling for a cessation of combat operations. ...

149. Health Minister convenes advisory meeting amidst rising Covid cases

The Minister of Health, Poppy Kanari, is scheduled to convene a meeting with the Scientific Advisory Group on Wednesday at 15:00 to address the surge in coronavirus cases....

150. Cyprus grapples with lingering private debt woes

In Cyprus, the European Commission consistently highlights the significant economic challenge of private debt through regular post-program or post-memorandum reports....