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691. Over half a billion euro in government surplus so far this year

Preliminary General Government fiscal results indicate a surplus of €556.4 mn for the period of January-October 2022, according to data prepared and published by the Statistical Service of Cyprus on Wednesday....

692. When the ink dries, this will be the new archaeological museum

693. Economic sentiment slightly down in Cyprus

In November 2022, economic sentiment in Cyprus deteriorated slightly, as the Economic Sentiment Indicator decreased by 0.5 points compared with October 2022, according to the Business and Consumer Survey by the University of Cyprus...

694. Black Friday: See how the annual shopping event is shaping up (photos)

On Thursday afternoon, sales began to increase significantly, particularly in shopping centers that benefited from favorable weather conditions, however, as of Friday morning, traffic appears to be somewhat subdued, at least in comparison to the corresponding images from 2019....

695. EC ban on flavored or heated tobacco products began yesterday

The Commission announced today that flavored or flavored heated tobacco products will be prohibited beginning today, Wednesday. Members have eight months to incorporate the delegated directive into their domestic legislation....

696. 14 billion euros of loans on ice due to the suspension of foreclosure sales

In Cyprus, credit purchasing companies manage over 80,000 loans totaling €20 billion....

697. Complaints about Black Friday deals have begun

The Consumer Association had begun receiving complaints about deceptive product offers as Black Friday draws near....

698. Turkey says S-400 ready for use if needed

Turkish Defense Minister Hulusi Akar says his country’s Russian-made surface-to-air missile batteries are ready for action and will be used if the country is threatened...

699. The consequences of continuing foreclosure suspensions

Lambros Papadopoulos, President of the state-owned asset management company, KEDIPES, warned on Tuesday that the continued suspension of foreclosures will negatively affect the company’s revenue from non-performing loans (NPLs) management resulting in a reduced repayment of state aid....

700. 32nd Auction Sale by Psatharis

Once again, the Psatharis Auction House has collected a rich group of artworks that will be presented at the Kleopatra Hotel from November 28th to 30th as part of the 32nd auction. The collection includes over 130 works by Cypriot and Greek artists and a remarkable selection of maps of Cyprus....

701. Ryanair adds five new destinations and a fourth aircraft to its fleet in Cyprus

Ryanair has announced its busiest summer schedule in Cyprus, with 41 routes from Paphos to destinations including Naples and Toulouse....

702. World Cup 2022: Solution found for the beer ban in Qatar

Before the host country banned alcohol consumption inside and outside the stadiums at the last minute, a solution for the... warehouse of beers supplied by Budweiser for this year's World Cup was finally found....

703. Raising the Black Friday bar

This year's Black Friday is expected to be much stronger and more appealing to consumers than last year's Black Friday. Following the tepid and disappointing performance of 2021, market participants believe this is the case. ...

704. 'The suspension of foreclosure sales is tragic for the country'

Bank of Cyprus CEO Panicos Nicolaou described Cyprus's decision to extend the suspension of divestments as "tragic."...

705. What do Cypriots buy on Black Friday?

Only eight more days until the much-anticipated Black Friday shopping day, and ads for discounted goods continue to pound the public. Every year, many people look forward to this day in order to find the best deals on products they need....

706. Amazon announces immediate layoffs of 10,000 workers

Amazon plans to lay off approximately 10,000 employees from administrative and other positions in its technology departments....

707. Who benefits from the proposed rent-to-mortgage scheme?

The "Rent vs Instalment Scheme", now known as the "mortgage to rent" scheme, is nearing completion, with implementation set to begin in January 2023. ...

708. 50 products specified in Cyprus' 'Household Basket'

The Consumer Protection Service will present its initial proposal for the Household Basket in Cyprus to the stakeholders - the Hypermarkets Association, the Retailers Association, the OEB, and the CEB - at 12 noon on Wednesday. ...

709. Menendez reassures Cypriots no fighter jets for Erdogan

US Senator Bob Menendez has renewed his commitment to stop F-16 fighter sales to Turkey, calling instead on everyone to make sure that all Turkish soldiers leave Cyprus down to the last one...

710. Spyware and political games

The European Parliament's Committee of Inquiry's draft report on the use of spyware in the EU was lengthy and comprehensive, but in the case of Cyprus, a sizable portion of the information was a repetition of already well-known facts and concerns about the absence of the required institutional framework. ...

711. President defers foreclosure mess to attorney general

Cypriot President Nicos Anastasiades has refused to veto legislation that suspends foreclosures yet again until February 2023, essentially calling on the attorney general to examine the constitutionality of the bill as the issue on the presidential election campaign trail continues to heat up...

712. Cyprus regulator to suspend FTX's license

FTX's European Union license in Cyprus could be suspended in yet another blow to Sam Bankman-Fried's crypto exchange, according to Bloomberg....

713. Finance Minister calls for the repeal of foreclosure suspension

The Ministry of Finance proposes delaying the law on divestiture suspension. ...

714. Consumer protection laws - 'Offers' that are real offers

Ms. Elena Papachristoforou, a consumer service and protection officer, explained the legal framework in consumer protection and the impact of the new amendments on consumers and traders on the radio show "News Release" on SPOR FM 95.0....

715. Zuckerberg says 'sorry' as Meta lays off 1,000 employees

Facebook parent company Meta on Wednesday said it is laying off 11,000 employees, marking the most significant job cuts in the tech giant’s history....

716. Looking for a strategy to suspend foreclosure sales

To protect vulnerable borrowers and stop the economy from being impacted by decisions that could harm its integrity, a strategy for the new potential three-month suspension of foreclosure sales is being sought. ...

717. Slump in car sales recorded in October

Total car sales dropped significantly in October 2022 compared with the month before mainly due to the steep drop in passenger saloon cars....

718. Qatar: Beer banned at stadiums just 2 days before World Cup

The sale of alcohol is strictly controlled in Qatar, and it had to relax its restrictions to allow FIFA sponsor Budweiser to sell its products outside World Cup match venues and fan zones. Now, fans have been told they cannot buy beer at any games during the tournament....

719. EY holds Cyprus Attractiveness Forum: Investment Realized, a reference point for FDI in Cyprus

The Cyprus Attractiveness Forum: Investment Realized, organized by EY in collaboration with the Cyprus Chamber of Commerce and Industry, took place on Tuesday, October 25th at the Parklane Hotel, in Limassol. ...

720. €6 million chalet just one of several investments planned for the mountains of Cyprus

The new €6.3 million project in Moniatis, which is looking for a buyer, shows that investment in mountainous areas is picking up steam. With DTA's Guru projects, the creation of the Tree Hotel, hotel acquisitions by Property Gallery, and the restoration of the Berengaria Hotel in Prodromos, interest has recently begun to be more active....