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451. Shipping Minister champions new maritime training facilities at Chios Academy

The qualitative upgrading of maritime education is of primary importance, Deputy Minister of Shipping Marina Hatzimanolis has said recently in Greece......

452. Cyprus Air Traffic Control relocation to Kokkinotrimithia underway

The Ministry of Transport, Communications, and Works has announced that intensive preparations are underway for relocating the Air Traffic Control Center of Civil Aviation to its new, purpose-built facility in Kokkinotrimithia....

453. Second Quarter & First Half 2024 Financial Results

AEGEAN announces its financial results for the Second Quarter and First Half of 2024. ...

454. Cyprus banks praised by US for stronger sanctions enforcement

US sanctions imposed on entities and individuals in Cyprus are not targeting the country, but “oligarchs and arms traders” enabling “the Kremlin war machine” to continue the war in Ukraine......

455. The transformation of Berengaria Hotel in Prodromos continues: an overview of current progress

The repair and renovation works at Cyprus’s most historic mountain resort, the Berengaria Hotel in Prodromos, are currently in full swing, led by the well-known residential and commercial developer BBF......

456. What Cyprus’ new EU minimum wage directive means for workers and employers

Cyprus is set to implement the European Union’s directive on adequate minimum wages....

457. Bank of Cyprus considers selling JCC to Euronet

Changes are imminent in Cyprus' payment sector as discussions unfold regarding the sale of JCC Payment Systems Ltd to Euronet. JCC Payment Systems......

458. Cyprus trade deficit drops 17% in 2024

Cyprus’ trade deficit dropped by 17% in the first seven months of 2024, falling to €4.31 billion compared to €5.19 billion during the same period last year, ...

459. Christodoulides welcomes five new Ambassadors

President Nikos Christodoulides formally received the credentials of five newly appointed ambassadors to the Republic of Cyprus during a ceremony at the Presidential Palace on Monday. ...

460. September Newsletter of K. Treppides & Co Ltd: Financial Conduct Authority

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...

461. Cypriot bank officials to present AML progress in U.S.

Top officials from four major Cypriot banks are headed to the U.S. on Sept. 16 to present updates on their progress in anti-money laundering (AML) efforts, sanctions enforcement, and foreign account management. ...

462. Nicosia launches free accelerator program for creative businesses

The Nicosia Municipality is offering a free, two-month business accelerator program designed for individuals, groups, and existing businesses in the creative and cultural sectors. ...

463. BoC Fintech Hackathon 5.0...where the fintech-nation begins

The Bank of Cyprus is organizing the 5th BoC Fintech Hackathon 5.0, focused on innovative technologies in the financial sector (Fintech), on October 18-20, 2024. It will be held in person at the IDEA Innovation Center....

464. Cyprus unemployment drops by 8.9% in August

The number of registered unemployed people in Cyprus dropped by 8.9% in August compared to the same month last year, according to data from the Statistical Service of Cyprus (CyStat). This marks a decrease of 1,177 people, bringing the total number of unemployed to 12,079....

465. Cyprus sees higher borrowing costs, lower deposit rates in July

Interest rates on consumer loans and mortgages in Cyprus increased in July, according to the Central Bank of Cyprus (CBC). The rate for consumer credit climbed to 6.67% from 6.18% in June, while the rate for home loans rose to 4.59% from 4.52%....

466. Banks in Cyprus contribute €1 million to install air conditioners in schools

Cyprus's major banks are stepping up to help install air conditioners in schools, contributing €1 million to the effort. The funds will be distributed equally among the School Boards of the country’s five provinces. ...

467. Israel faces mass strike amid anger over hostage deaths

A general strike threatened to shut down much of Israel on Monday as public anger erupted over the killing of six hostages in Gaza and frustration grew with Prime Minister Benjamin Netanyahu’s handling of the ongoing conflict with Hamas....

468. Cyprus' illusion of prosperity as unemployment numbers mask realities

In its analysis, the Central Bank of Cyprus notes that in the first quarter of 2024, unemployment fell to 6%, the lowest level since 2009....

469. Government greenlights patient advocate to oversee healthcare issues

470. Energy minister and finance minister clash over Cyprus' energy future

The Republic of Cyprus is at a critical juncture in its energy sector as multiple projects face delays and uncertainty, raising concerns about the country's future energy security and international relations....

471. Cyprus banks report €164.7 million deposit increase in July

Total deposits in Cyprus’ banks recorded a net increase of €164.7 million in July 2024, compared with a net decrease of €44.1 million in June 2024, according to figures released on Wednesday by the Central Bank of Cyprus (CBC)....

472. ECB cuts Cypriot bond holdings to €6.38 billion

The value of Cypriot sovereign bonds held by the Eurosystem, as part of the Public Sector Purchases Programme (PSPP) and the Pandemic Emergency Purchases Programme (PEPP) declined to €6.38 billion......

473. Russian industrial giants warn of bankruptcy amid sanctions impact

More than 20 major Russian industrial companies, including those in the construction, automotive, and household appliance sectors, have warned they are on the brink of bankruptcy and could halt operations. In a letter to Anton Alikhanov......

474. FT: China set to hit PwC with record penalty amid Evergrande fallout

PwC China has informed its clients that it expects Chinese authorities to impose a six-month business ban starting as early as September, following its audit of the now-collapsed property developer Evergrande....

475. Why your GPS is off: Military actions by Israel disrupt navigation in Cyprus

If your smartphone's GPS system has been inaccurately showing your location as Limassol when you're actually in Protaras, don't worry......

476. Cyprus to offer more affordable homes with CLDC's three-part plan

The development programme of the Cyprus Land Development Corporation (CLDC) will move along three pillars in order for the organisation to provide affordable housing for purchase or rent to beneficiaries, is Director General Eleni Symeonidou, has told the Cyprus News Agency, stressing the contribution of the organisation in easing the housing shortage....

477. TUI halts day trips to occupied areas of Cyprus

TUI, Europe’s largest tour operator, has announced that it will stop organizing day trips from the free areas of Cyprus to the occupied territories starting August 31. ...

478. Cyprus finalizes 2025 budget with focus on export growth

The Council of Ministers is set to finalize discussions on the 2025 state budget by mid-September, as confirmed by Finance Minister Makis Keravnos. ...

479. Greece and the ferry-tale nightmare

The ferry boat situation in Greece is rapidly becoming an unfortunate stain on the very fabric of the country. As someone who not only vacations in Greece, I also own, operate, and conduct business there in the tourism sector....

480. Cyprus remembers 50 years since Turkish troops took over key areas

Today marks the 50th anniversary since the second phase of the Turkish invasion in Cyprus. ...