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931. CBC Governor Herodotou reveals breakthrough in digital finance

The Central Bank of Cyprus has completed the tender for a new digital platform for customer compliance, said CBC Governor Constantinos Herodotou, speaking at an event organized by the Association of Cyprus Electronic Money and Payment Institutions, on Thursday afternoon....

932. 2024 budget points to surplus and debt reduction

The 2024 budget reflects the clear imprint of our policy priorities, President of the Republic Nikos Christodoulides says in a written statement, adding that the fiscal balance for 2024 is estimated to be surplus, reaching 2.2% of GDP, while the medium-term goal, by 2026, is to reduce public debt to 60%....

933. Supreme court rejects President's referendum on Turkish Cypriot properties

In a significant ruling, the Supreme Constitutional Court, in its new composition, rejected the President's third referendum on the amendment law passed by the Parliament concerning Turkish Cypriot properties and the powers of the 'Guardian.'...

934. Keravnos expects more from banks to boost Cyprus economy

The Cyprus economy has proven its resilience in recent years, Finance Minister Makis Keravnos said Tuesday at the 4th Conference "Banking System: New Challenges and Opportunities", that takes place in Nicosia, noting that there are still challenges that the banking sector must address....

935. Limassol port's grand eco-art showcase for World Tourism Day

In celebration of World Tourism Day, DP World Limassol, in collaboration with the Deputy Ministry of Tourism, hosted a special event last week for terminal passengers. The event's primary objective was to promote sustainable practices within the shipping sector....

936. TechIsland Summit 2023: Cyprus on the fast track of becoming a tech island

TechIsland held its annual TechIsland Summit within the framework of the Reflect Festival on 20 September 2023....

937. TechIsland launches CY Guide Chatbot powered by LoqosAI

TechIsland, the largest tech association in Cyprus, announced the launch of version 1.0 of the ''CY GUIDE Chatbot'' powered by LoqosAI. ...

938. Greek workers toiling longer, earning less

Greeks work 41 hours a week, more than any other Europeans, but are paid less. Monthly salaries do not exceed 1,038 euros on average, according to the latest figures compiled by the Single Social Security Entity (EFKA), ...

939. Halloumi exports hit €112 million mark

The demand for halloumi, Cyprus’ renowned cheese, in foreign markets is steadily growing with exports in the first four months of 2023 amounting to €112 million, Minister of Agriculture, Rural Development and the Environment, Petros Xenofontos has said....

940. Overtime crisis threatens stability in Cyprus

The case of Ms. Komodromou, a civil servant seconded to the presidency from the University of Cyprus, sheds light on a much larger issue that has plagued governments in the Republic of Cyprus since its inception....

941. GHS welcomes Ygia Polyclinic

On Monday, September 25, 2023, the "" Polyclinic officially became part of the General Health System, offering inpatient care and a First Aid Department...

942. Christodoulides meets Guterres in New York

Cyprus President, Nikos Christodoulides, meets on Friday in New York with the UN Secretary General, Antonio Guterres. ...

943. Turkey and Israel forge energy partnership, mend ties

Turkey and Israel will soon begin taking joint steps in energy drilling, President Tayyip Erdogan was cited by Turkish media as saying on Thursday, adding the two countries would also operate energy networks to Europe through Turkey....

944. 153 government employees face overtime probe

After the issue of overtime pay arose with Deputy Government Spokesperson Doxa Komodromou, all Presidential staff will come under the scrutiny of the Audit Service, including relatives and friends of the presidential couple, as reported by Philenews. ...

945. 22 startups aim for 10K prize

Twenty-two startups hailing from Cyprus, Great Britain, Israel, and Greece are vying for the prestigious 10,000 euro prize at the 2023 Digital Agenda Cyprus Summit....

946. Focus on growth, employment control, and surplus in the 2024 budget

The 2024 state budget to be tabled to the Council of Ministers for approval next week will have three key characteristics, Minister of Finance Makis Keravnos told CNA....

947. Saudi Arabia prepares for its first-ever fashion week

Saudi Arabia is gearing up to host its inaugural Fashion Week, scheduled for October 20 to 23 in Riyadh. The event features participation from 30 local fashion designers and companies. ...

948. 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....

949. K. Treppides & Co Ltd and EIMF partner up to offer complimentary studies and assured long-term employment

A unique agreement recently penned between K. Treppides & Co Ltd and the European Institute of Management and Finance (EIMF) offers full-time employment while covering all study costs associated with obtaining EIMF’s accredited Diploma in “Accounting and Financial Management”....

950. Global investment giants converge in Cyprus for IIFA 2023

The 36th annual international conference of the International Investment Funds Association (IIFA), will take place in Cyprus, for the first time, on October 23-25. ...

951. Electronic embassies set to transform diplomacy

To usher in digital reform within the public sector, a concrete and centralized approach is imperative. The key to this transformation lies in collaboration with the very organizations we aim to reform....

952. TechIsland's workshop marks Cyprus's tech hub aspiration

TechIsland’s 'Building Tech Islands' Workshop: A Milestone in Cyprus’s Quest to Attract Global Tech Giants...

953. Ygia Polyclinic A&E joins GHS

In a significant development set to enhance healthcare accessibility in Cyprus, the integration of private Accident and Emergency Departments (A&E) into the General Healthcare System (GHS) is set to commence next Monday....

954. Women now command 56% of Austrian university seats

The proportion of female students at Austrian universities is higher than the opposite gender, overtaking them by 56 per cent, as Statistics Austria has revealed....

955. 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....

956. K. Treppides & Co Ltd: Cyprus financial market recovery or impending closure? Uncovering hidden risks

957. Major government reforms begin with secretariat's launch

The Secretariat for the coordination and support of government work which is included in the Governance Programme of the President of the Republic, under the pillar "Restructuring the State", starts work on Friday, an Presidency press release says....

958. The Mediterranean's wake-up call

The devastating aftermath of the natural disaster in the Thessalian Plain leaves no one untouched. We cannot afford complacency in the face of such a biblical catastrophe, merely observing from the safety of our couches....

959. ECB raises rates for the 10th time as it tries to quell inflation

The European Central Bank raised interest rates for the 10th meeting in a row on Thursday to counter stubborn inflation but signalled that it is likely done tightening policy....

960. Christodoulides sets course for UN assembly and high-stakes talks

Cyprus President, Nikos Christodoulides, leaves on Friday for Athens where he will attended in the evening a dinner hosted in his honour by the Cyprus Union of Shipowners....