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2881. 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. ...

2882. Doctor ‘fake vax’ trial put off again

A Cypriot doctor, who denies ever issuing bogus vaccination certificates during the pandemic, will have to wait a whole year before his day in court, after a judge on Monday pushed back his trial until next year...

2883. Cyprus issues rare heat warning in fall month

A heat warning went into effect Sunday late morning for Cyprus’ inland areas, with maximum temperatures expected to reach 40 degrees Celsius and levels dropping back down as rain clouds move in early next week...

2884. 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....

2885. Urgent bill on back burner as Lone Star sleeps on it

The Cypriot parliament was in no hurry on Thursday to vote on an emergency bill that would have allowed the government to block a potential takeover of the island’s largest bank, after an American private equity fund said it would sleep on it at least until next year. ...

2886. Finance Minister calls for prudency to safeguard economy

Cypriot Minister of Finance Constantinos Petrides, stressed on Wednesday evening the need to be “even more careful” with the fiscal discipline in the new challenging era, while Central Bank Governor Constantinos Herodotou referred to the risk of new NPLs due to the challenging economic conditions....

2887. US Embassy in Moscow tells citizens to leave immediately

The United States Embassy in Moscow has told all Americans left to leave immediately to avoid being conscripted into Vladimir Putin's mobilized army....

2888. Cypriot businesses face serious issues, but still expect to turn a profit

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

2889. Remains of four resistance fighters returned to relatives

The remains of four resistance fighters killed during the 1974 coup in Cyprus were identified recently and will be returned to their families who were briefed on Wednesday by Commissioner Photis Photiou and his associate Xenophon Kallis....

2890. House prepares bill on petition signatures

A House committee in the Republic of Cyprus is discussing the right for private citizens to solicit petition signatures for new legislation, but the initiative may be easier said than done in a small country where people complain about disenfranchisement on the one hand and populism on the other...

2891. Greece accuses EU of using Med countries like a refugee ‘parking lot’

Greece on Monday urged the European Union to lift movement restrictions for refugees recognized by individual nations, accusing the bloc of applying a double standard when dealing with Ukrainians fleeing the war compared with the victims of other conflicts....

2892. 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....

2893. The embargo has its own history

The US decision to lift the embargo on the supply of military equipment to the Republic of Cyprus has a decades-long history and is linked to the embargo imposed on Turkey after its invasion of Cyprus in 1974. ...

2894. ECOMMBX opens new horizons enabled by its new banking agreement with Citi

ECOMMBX, a progressive Electronic Money Institution based in Nicosia, proudly announces that it has concluded a correspondent banking agreement with Citi, the world’s most global bank. This new collaboration delivers a range of benefits for both ECOMMBX as well as Cyprus, as a jurisdiction....

2895. 'UN adopts equidistant stance, even when faced with violation of resolutions'

The UN, unfortunately, adopts an equal-distance stance, even when faced with the violation of decisions, resolutions and defined scope and terms of reference specified to the Secretariat said Friday Cyprus President Nicos Anastasiades. He also referred to recent statements by Turkey’s President Tayyip Erdogan which he described as provocative....

2896. Reduced excise tax on fuel extended until mid-January

The Cyprus government extended the reduced excise duties on fuel until 15 January 2023 on Friday, in a bid to alleviate the effects of soaring inflation fuelled by the war in Ukraine, with the Finance Minister calling on Households and businesses to save energy as fiscal measures cannot tackle the problem of price hikes in its entirety....

2897. Building defense, innovation and a better future for our children

Candidates for the presidential elections that will take place in February 2023 continue their pre-election campaign with meetings, events and announcements on various issues....

2898. Ryanair says low-cost travel now in the past

The previously known ultra-low-cost flag carrier, Ryanair, has announced it will increase ticket prices to Austria moderately, mainly due to inflation....

2899. NETFLIX airs film on Cypriot 'utopian' prison

The highly-anticipated NETFLIX documentary on Cyprus’ central prison aired this week, with the star of the series showing disbelief at the 'utopian' penitentiary that went from suicides to weddings under the direction of a reformist warden...

2900. Ask WiRE Index: Apartments lead the way in sale and rent price hikes in Q2

Ask WiRE, a company combining real estate know-how with technology has published its Q2 2022 edition of the Ask WiRE Index for property sale and rental values. The Ask WiRE Index covers all districts and main property types, with values from Q4 2009....

2901. California to allow human remains to be composted and used as soil

California will begin offering the option of human composting after death thanks to a bill recently signed into law that aims to tackle climate change....

2902. Spain gave 'golden visa' to former Mexican president being investigated for corruption

The Spanish authorities have finally confirmed that the former Mexican President Enrique Peña Nieto, who is being investigated by Mexico’s attorney general’s office for alleged money laundering, illicit enrichment, and illegal international transfers, is a legal resident of the country....

2903. 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....

2904. Showers and strong winds coming

Weak low pressure is affecting the region. Tonight, there will be intermittent increasing clouds, and isolated showers are possible along the east coast. ...

2905. Self check-in and robots - the future of tourism in Cyprus

2906. No more plastic bags in supermarkets from October 1st

In October, Cyprus will take action and reduce the use of plastic, according to a bill passed in 2022 that comes into force on October 1. Consequently, from the first of October, products such as plastic cotton swabs, cutlery, plates and so on will be banned from the market....

2907. 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....

2908. Erdogan calls on world to open up to Turkish Cypriots

Turkish President Recep Tayyip Erdogan has called on the international community to stop imposing sanctions on northern Cyprus, saying Ankara’s unheeded calls for cooperation showed “who supports provocation and conflict and who supports peace and stability” in the region...

2909. 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...

2910. The Russian plan to annex occupied territories

It now holds about 60% of Donetsk and had captured nearly all of Luhansk by July after slow advances during months of intense fighting. But those gains are now under threat after Russian forces were driven from neighbouring Kharkiv province this month,...