Search

1081. Britain mulling asylum ban on English Channel migrants

The United Kingdom’s Minister, Suella Braverman, has said that it will introduce a new plan which would prohibit the entry of migrants who cross the English Channel from claiming asylum....

1082. 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....

1083. New loans drop in August for the second month in a row

Net new lending granted by Cyprus Banks fell in August by €182.3 million, recording a decrease for the second month in a row....

1084. Almost 100K third-country nationals ordered to leave EU in Q2 of 2022

33,450 people were ordered to leave France in the second quarter of 2022, representing 35 percent of the total repatriation orders placed during this time, and consequently, the highest number of returns recorded....

1085. Global fintech market resilient in H1’22 - $107.8 billion in investment, according to KPMG’s Pulse of Fintech

Global fintech investment declined from $111.2 billion in H2’21 to $107.8 billion in H1’22, but remained remarkably resilient compared to historical trends given the challenges affecting the broader investment market, including geopolitical uncertainty, growing inflation, and increasing interest rates. ...

1086. Hooligan mayhem spills onto highway in Nicosia

Eye witnesses on the highway south of Nicosia found themselves in the middle of a full blown battle Sunday night, when football hooligans fought each other amid flares and smoke bombs, followed by tear gas from riot police who managed to make no arrests...

1087. EU countries approve energy windfall levies, turn to gas price cap

European Union countries agreed on Friday to impose emergency levies on energy firms’ windfall profits and began talks on their next move to tackle Europe’s energy crunch – possibly a bloc-wide gas price cap....

1088. €1.22 billion in tourist revenue from January – July 2022

Revenue from tourism reached €1.217 million in the period of January – July 2022 more than doubling the revenue of the respective period of last year....

1089. Spain donates more vultures to Cyprus in an attempt to repopulate the species

A total of 15 vultures were recently released into the wild in an attempt to save the species, which is in danger of extinction due to poisoned baits....

1090. Majority of tourists visiting Cyprus are no longer Russian

In June 2021 at the 43rd conference of the Pancyprian Hoteliers Association, it may have been the first time it was officially made clear that the markets of Russia and Britain will no longer be a one-way street for the Cypriot tourism industry....

1091. Permits granted for 7,000 highly skilled workers from 3rd countries

The policy of granting tax incentives to foreign technology companies is yielding results, Invest Cyprus Investment Promotion Agency Chairman Evgenios Evgeniou said, stressing that 7,000 work permits have been approved this year for highly skilled individuals who chose to work in Cyprus....

1092. Cypriot businesses face serious issues, but still expect to turn a profit

What are the main problems for Cypriot businesses (table) ...

1093. €100 increase in average gross monthly earnings in Q2 2022

The average gross monthly earnings of employees increased by €100 in the second quarter of 2022, according to provisional data, published by Cyprus Statistical Service on Wednesday. In particular, they reached €2,081, compared to €1,982 in the same period of 2021, recording an increase of 5%....

1094. Nord Stream pipeline mystery leak takes center stage

Suspicious leaks in the two Russian gas pipelines (Nord Stream 1 & 2) in the Baltic Sea are likely the result of sabotage, officials in Denmark, Germany and Poland have warned, heightening concerns about Europe's "long, hard, winter" with regard to Russian gas - due to the ongoing war in Ukraine....

1095. Sinkhole nearly swallows pickup truck in Paphos

A large sinkhole swallowed a pickup truck in a rural area of Paphos on Tuesday, with reports pointing to water erosion caused by a pipeline months after a historic overflow at the country’s fourth largest dam...

1096. 170,000 flu vaccines on on their way to Cyprus

Vaccination against the seasonal flu by GPs is expected to begin within the first ten days of October and Cyprus will receive 170,000 vaccines which are set to arrive Wednesday....

1097. Freed Greek Cypriot vows to fight 'spite ban' in north

A Greek Cypriot influencer vows to get his name off a stop list in the Turkish Cypriot north, where he says his arrest and long detention was a political double whammy out of spite because of his pro-reunification views but also EOKA nostalgia...

1098. Forget Tokyo or L.A., this Czech Village is at the heart of the vinyl record revival

The heart of vinyl record making on Earth isn’t found in Tokyo or Los Angeles but rather belongs to a small Czech Republic village....

1099. 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....

1100. Direct flights from Larnaca to Heraklion on TUS

For the first time in its history, TUS Airways will start offering direct flights from Larnaca to Heraklion, Crete. The Larnaca - Heraklion route starts on 16 December, with flights twice a week, Monday and Friday, and a fare from just €59 one way....

1101. Self-employed more at risk of poverty in Cyprus and EU in 2021

In 2021, almost a quarter (23.6%) of all self-employed people aged 18 years and over in the EU were at risk of poverty and social exclusion....

1102. The price increase of halloumi is justified, Minister of Agriculture says

The slight increase recorded in the price of the halloumi cheese is justified, Minister of Agriculture Costas Kadis said on Thursday....

1103. EY Cyprus to present findings of 2nd ΕΥ Attractiveness Survey at Cyprus Attractiveness Forum: Investment Realized on 25 October

EY Cyprus is proud to present the findings of the second edition of the EY Attractiveness Survey Cyprus 2022, during its flagship event, Cyprus Attractiveness Forum: Investment Realized 2022 on 25 October 2022 at Parklane Hotel, Limassol....

1104. Gun report adds new twist in Azeri case

The Azeri suspect in a contentious thwarted plot against Israelis in Cyprus has admitted some charges essentially throwing a curve ball at the prosecution, with the defense raising serious questions over murder-for-hire conspiracy and terrorism accusations...

1105. EY Cyprus recognized by International Tax Review as National Transfer Pricing Firm of the Year for the fourth consecutive time

For the fourth consecutive year, EY Cyprus was named Transfer Pricing Firm of the Year by the International Tax Review (ITR) in recognition of the high-quality tax services offered. ...

1106. Self check-in and robots - the future of tourism in Cyprus

1107. Construction materials recorded an annual increase of 16.69% in August

The Construction Materials Price Index increased by 16.69% in August 2022 compared to August 2021....

1108. Gender pay gap in Cyprus at 9%, needs improvement

Commissioner for Gender Equality, Iosifina Antoniou, in her statement for International Equal Pay Day, highlights the long-standing struggles to achieve equal pay for work of equal value between men and women, noting that the wage gap in Cyprus continues to exist and stands at 9%....

1109. Consumer watchdog releases price index for September on basic consumer goods

The Consumer Watchdog has released the price index for basic consumer goods for the month of September....

1110. Inflation still high but slowed to 9.6% in August

Harmonized inflation rose at a slower pace than in the previous month in August 2022, recording an increase of 9.6%, compared with August last year....