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91. Central banks across Europe jack up interest rates to fight inflation

Central banks across Europe raised interest rates on Thursday, some by amounts that shocked markets, and hinted at even higher borrowing costs to come to tame soaring inflation that is eroding savings and squeezing corporate profits....

92. Five year plan to install AC units at schools underway

A five-year, 100 million euro program to install air conditioning units at schools was announced yesterday by Education, Culture, and Sports Minister Prodromos Prodromou....

93. EU's von der Leyen: LNG in Cyprus and Greece

European Commission President Ursula von der Leyen's speech at the World Economic Forum in Davos and what she said about the energy sources of the Old Continent is essentially the first step in the role that the Eastern Mediterranean and its reservoirs can play in the EU's efforts to cut its dependence on Russian hydrocarbons....

94. EU Energy Commissioner: 'Cyprus has enormous potential in terms of solar and wind energy production.'

In the wake of rising energy costs due to Russia's invasion of Ukraine, Kathimerini sits down with EU Commissioner for Energy, Kadri Simson, to discuss the EastMed pipeline, Europe's push toward Green energy and the potential for Cyprus to ensure its citizens both affordable prices and energy security by developing solar and wind power....

95. Bank of Cyprus to reduce its employees by 500 in 2022

96. Cyprus' RCB Bank and its Kremlin ties

On March 24, Cyprus’s fourth-largest bank announced it would wind down its banking operations in the wake of the “volatile geopolitical situation” caused by Russia’s invasion of Ukraine a month earlier....

97. EIB ready to offer funding to mitigate effects of Ukrainian war on Cyprus

New investment opportunities in Cyprus, as well as funding to mitigate the effects of the war in Ukraine, were discussed on Monday by President Nicos Anastasiadis, Finance Minister Constantinos Petridis and European Investment Bank (EIB) President Werner Hoyer. ...

98. Cyprus springs forward yet again

People in Cyprus will lose an hour of sleep after Daylight Saving Time goes into effect Sunday morning, with European officials and public opinion still divided on whether there is value in switching back and forth at all...

99. Billionaire Mark Cuban opens online pharmacy to provide affordable generic drugs

Mark Cuban has officially launched his newest venture—the online pharmacy Cost Plus Drugs....

100. Turkey’s inflation hits a 19-year high of 36%

Turkey’s yearly inflation climbed at the fastest pace in 19 years, jumping to 36.08% in December, official data showed on Monday....

101. Reflections on 20 years of the euro

Twenty years ago on Saturday, around 300 million Europeans held a brand-new currency in their hands, the euro....

102. Turkish lira whiplashes after Erdogan moves to protect savings

Turkey's lira rocketed back from record lows in volatile trading on Tuesday after Turkish President Tayyip Erdogan proposed measures to protect local currency savings against such swings....

103. 100 employees leave Bank of Cyprus on a voluntary retirement plan

Bank of Cyprus announces the successful completion of a small-scale targeted voluntary retirement plan....

104. Bank of Cyprus to impose new and increased fees from February 15, 2022

Bank of Cyprus will be imposing new and increased fees by February 2022, adopting the general trend of the European banking sector of increasing bank charges to cover a reduction of income stemming from low interest rates....

105. Family friend arrested in Paphos robbery case

A woman has been arrested in connection with an aggravated robbery investigation in Paphos, following reports that she was a friend of the victim who had withdrawn his savings to go back to his country...

106. 'Early to bed, early to rise...'

On Sunday morning at 2 AM, October 31st, clocks will 'fall back' one hour, giving us an extra hour of sleep and marking the end of Daylight Savings Time which began in March....

107. Another 85 million by February if Cyprus meets deadline of key reforms

With the first 157m euros already paid in advance from the Cyprus Recovery and Resilience Fund, the country still has a long way to go to complete the reforms and investments required to unlock the next 85m euros which is due to be received in February 2022....

108. ECB tells Cyprus lawmakers to get it right

Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...

109. Legal departments face challenges in transformation efforts

Legal departments across the globe are facing a mounting list of operational challenges as they look to transform in the wake of complex digital and regulatory change, according to the 2021 EY Law Survey, which was conducted in collaboration with the Harvard Law School Center on the Legal Profession...

110. Cyprus springs forward again

People in Cyprus will lose an hour of sleep after Daylight Saving Time goes into effect Sunday morning, with European officials and public opinion still divided on whether there is value in switching back and forth at all...

111. When the lights of the Palace begin to dim

The testimonies of 2013, say that in those critical days of the savings levy, there was a crowd of people on the hill of the presidential palace....

112. Your gateway to global investment opportunities

In the past, having resolved to ‘save for a rainy day’ financial well being, for many, took care of itself and your life’s goal was aided by interest earned on those monies, which saw your money working for you but the equation today is not so simple...

113. The Greek scientist developing 6G

At the moment Greece is unveiling the 5G communications network, on the opposite end of Europe, a Greek professor, a communications engineer, is getting a grant from the European Research Council to develop 6G....

114. Corporate Social Responsibility and Corporates’ response to COVID19

The long-term debate over CSR is concerned with whose interests should be attended to, shareholders or stakeholders, and this is actually the debate of the two competing theories over the purpose of the modern business firm...

115. Clocks move forward this weekend

Daylight Saving Time went into effect on Sunday in Cyprus as public opinion around the world still remains divided on whether there is value in switching back and forth...

116. Main hospitals partially resume operations, blood banks low

The island’s two main hospitals partially resumed operations on Thursday when coronavirus cases rose to seven after a person who recently returned from the UK tested positive....

117. Cyprus repays an IMF loan early, saving €13.4 million

The Republic of Cyprus fully repaid on Thursday an International Monetary Fund (IMF) loan, which had been granted to the country in the period 2013-2016....

118. K.Treppides & Co Ltd: Time Value of Money

What if a close friend asks today to borrow 1,000EUR with the precondition to repay the exact same amount in five years? Would you take the deal or not?...

119. Britain's LSE seals $27 billion Refinitiv deal to create data giant

London Stock Exchange has agreed to buy financial information business Refinitiv in a $27 billion deal, it said on Thursday, in a move to transform the British company into a market data and analytics giant. ...

120. Chinese Ambassador to Cyprus: No one stands to win in a trade war