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1. Liquidity cover hits 318% in banking

Konstantinos Herodotou, the Governor of the Central Bank of Cyprus, delivered a robust message at the TechIsland conference in Limassol....

2. SSM chief urges banks to be prudent amidst soaring profits

The Chairman of the Single Supervisory Mechanism (SSM), Andrea Enria, has emphasized that the gains from high interest rates for banks will eventually come to an end....

3. Unprecedented disasters prompt urgent calls for risk assessment review

Unfortunately, this year has been a game changer in terms of risk prediction as the scale and impact of recent disasters has been unprecedented, Dr. George Boustras, ...

4. Cyprus aims to shine with 'Cypriot Red Soil Potato' in European market

Ministry of Agriculture, Rural Development, and Environment, is making every possible effort to address new challenges while improving the competitiveness of the agricultural sector, said the Minister of Agriculture, Rural Development, and Environment, Petros Xenophontos....

5. China's economic slowdown threatens global stability

China is unlikely to surpass the US as the world's largest economy as initially predicted for the early 2030s, primarily due to a growing lack of confidence in the Chinese economy, according to Bloomberg Economics analysts....

6. Chlorakas attack highlights growing racial tensions in Cyprus

The violent attack on Syrian residents in Chloraka last Sunday during a community demonstration related to the refugee-migration issue represents a failure on multiple fronts....

7. Can sexual education truly safeguard Cyprus youth?

With a small yet significant change in our education system, the new school year is commencing....

8. Company fined €12,000 for workplace safety violations

A fine of €12,000 was imposed on a company that was judged by the District Court of Nicosia to have violated the laws concerning workplace safety and health....

9. Dumping dilemma as Cyprus struggles to break the cycle of illegal waste

The problem of the existence of three illegal dumpsites in the Akamas community area has been trapped in a vicious circle of blame for years....

10. Water stress looms over Cyprus as part of global crisis

Cyprus is among the 25 countries facing extremely high water stress each year, the World Resources Institute (WRI) said in a recent study. In total, these countries are home to a quarter of the Earth's population, while at least 50% of the world's population - some 4 billion people - is under highly water-stressed conditions for at least one month of the year....

11. Proper disposal of medical waste needed to prevent wastewater contamination

Improper disposal of unused or expired medicines, whether in waste bins or down drains, poses significant risks, according to the Environment Department and Dr. Nikolas Dietis,...

12. Is there a need for radical changes in civil protection?

The catastrophic fire in Rhodes, a typical and unfortunate example of what is internationally referred to as a mega-fire - a fire that is extremely destructive to the local environment...

13. International aid rushed to tackle wildfire in mountain communities

A wildfire that ignited between the communities of Korfi, Alassa, and Iasa at noon on Sunday continues to rage out of control, posing a severe threat to the region. The fire has led to evacuations and widespread smoke, reaching as far as the city of Limassol itself. ...

14. Should you sell your family business?

A common response from family business owners when asked the above question is, "Let them make an offer, and we'll see."...

15. When drugs for weight and diabetes backfire

Joanie Knight has a message for anyone considering drugs like Ozempic or Wegovy, which have become popular for the dramatic weight loss they can help people achieve....

16. Armed forces' drones to monitor fires in Greece

A modern "tool" with impressive surveillance capabilities is available to the Unified Coordination Center of Operations and Crisis Management of the Civil Protection in the "battle" against wildfires....

17. 24-year old awarded $18.8M in lawsuit over talc-based baby powder

A 24-year-old man in California was awarded $18.8 million on Tuesday in his lawsuit against Johnson & Johnson, in which he blamed talc in the company's baby powder for giving him cancer....

18. NPL crisis highlights tug of war between borrowers and legislation

The concealment, or "camouflage," of non-performing loans (NPLs) in commercial banks before 2013 and their subsequent explosion have been, and may continue to be, the most significant challenge for the Cypriot economy. ...

19. EY Cyprus announces five new partners

EY Cyprus is pleased to announce that its management team has been strengthened with the addition of five new partners and five new directors in 2023, reaching the total number of 31 partners of whom 6 are women, and 17 directors of whom 8 are women....

20. Parliament to vote on law for borrowers' foreclosure appeal

The news from the "Oikonomiki Kathimerini" about the suspension of first home foreclosures up to €350,000 until the end of October has been confirmed. ...

21. UK Ministers urged to end marine mammal hunting

Dolphins and other marine mammals are being failed by the UK government, MPs have said, as they call for ministers not to sign trade deals without considering cetacean welfare....

22. Cyprus struggles to reduce landfill waste, falling behind targets

Cyprus is facing significant challenges in meeting its municipal waste management and recycling targets, prompting concerns from the European Commission, according to a report on Philenews....

23. Minister and Council president advocate for holistic sex ed

Minister Athena Michaelidou and Anastasia Papadopoulou, President of the "Voice" Council, joined forces today at the Ministry of Education, Sports, and Youth to deliver a joint press conference on the topic of sexual education for students. The purpose of the conference was to emphasize the significance of implementing comprehensive sexual education in schools....

24. Cyprus, Israel and the US join forces in civil protection

Cyprus is interested in further developing its capabilities in the field of civil protection, not only at a state level but also at an international and regional level, by deepening its multifaceted partnerships with states in our region - and beyond....

25. CBC urges banks to embrace transformation for sustainablefuture

Constantinos Herodotou, Governor of the Central Bank of Cyprus, emphasized the need for Cypriot banks to seize the current favorable circumstances and address impending challenges during his speech at the 2023 ICPAC Mediterranean Finance Summit held in Limassol on Thursday....

26. Folli Follie trial set for June after lawyers' abstention ends

The trial of Greek jewelry maker Folli Follie is expected to finally take place in June after being deadlocked for some time. This was due to lawyers abstaining from their duties in trials concerning criminal organizations due to legal disagreements concerning a legislative provision stating that any sentences imposed would be served. ...

27. K. Treppides & Co Ltd: Sustainable Finance

Sustainability is the key to a better, healthier, and more viable future as it improves the quality of our lives with the use of natural resources which protect our ecosystem in general. By taking into consideration the three pillars of economic viability, environmental protection, and social well-being, we can preserve the future generations’ needs while, from a corporate perspective, the development of sustainable strategies can lead to a company’s longevity....

28. EY report: Governments need new ways of working to seize digital opportunities

Governments around the world are at risk of failing citizens through lack of digitalization, according to EY research presented in a new report: “How can government workers and technology align to serve future citizens?”. ...

29. Completion of Project Starlight

30. Newly appointed presidential advisors to work pro bono

President Nikos Christodoulidis has appointed two new special advisors to his team to help with economic affairs and crisis management, respectively....