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1261. Inflation edges closer to double digits in June

Inflation in Cyprus in June edged closer to double-digits driven by the soaring prices in electricity and energy on the backdrop of the war in Ukraine....

1262. Employee influence grows: 43% set to quit jobs for better pay, career opportunities and flexibility

Employees around the world now hold more sway in the global job market, with two-fifths (43%) of respondents saying they are likely to quit in the next 12 months according to the EY 2022 Work Reimagined Survey...

1263. Exness supports technology education in Cyprus through Robotex Platinum sponsorship

1264. Cyprus employment fell by 1.5% to 39,100 persons employed

Employment in the broad industrial sector decreased in 2020 by 1.5% to 39,100 compared to 39,700 in 2019, according to the results of the Survey on Industrial Production 2020, published by the Cyprus Statistical Service on Monday. ...

1265. Tatar has yet to deliver cooperation proposals to President Anastasiades

The proposals on mutual cooperation unveiled by the Turkish Cypriot leader, Ersin Tatar, during a meeting, last week with Miroslav Jenča, the Assistant Secretary-General for Europe, Central Asia and the Americas, have yet to be received by President Nicos Anastasiades....

1266. House clamps down on glamping aspirations

Cypriot parliament failed this week to pass crucial tourism legislation that would regulate low-cost lodging, but concerns about encroaching on the environment also ended up blocking a bill on the newest trend of glamorous camping...

1267. Second Covid booster? Yeah… maybe

In contrast to the speed with which we took up the previous doses of the vaccine against SARS-CoV-2, Greeks are hesitating over the fourth dose. Maybe because it’s summer and the open air makes us feel that we are better protected,...

1268. Retail trade in the grip of inflation

The market is under intense pressure due to the inflationary trends of recent months with consumers appearing hesitant on their trips to retail stores. More shoppers are looking for special offers and refraining from impulsive buys....

1269. EU to make solar panels mandatory on all new buildings

Solar panels could soon be mandatory on all new buildings in the European Union under a new proposal aimed at rapidly replacing its reliance on Russian oil and gas supplies with renewable energy....

1270. The 'Great Resignation' is set to continue worldwide as pressure on pay mounts

The “Great Resignation” will continue apace in the year ahead as one in five workers say they are likely to switch to a new employer in the next 12 months. ...

1271. Earl of Wessex pays a visit to the English School in Nicosia

The English School students and faculty warmly welcomed HRH Prince Edward, the Earl of Wessex, to their premises on Tuesday, 21 June 2022, as part of the celebrations of Queen Elizabeth II‘s Platinum Jubilee across the Commonwealth of Nations. The Earl was received by Headmaster David Lambon and the Board of Management....

1272. Cyprus plays supporting role in LNG arena

After years of trying to locate and extract natural gas from its EEZ, Cyprus' prospects continue to stagnate due to the current geopolitical conditions, the Cyprus issue, and the fact that the research, although promising, has not yet yielded the large quantities that were found in the EEZ of Egypt and Israel....

1273. Consulco brought together London and Limassol

An excellent dialogue took place during the hybrid conference ''Resilient Cities: London and Limassol'' organized by Consulco, on Thursday 16 June 2022 between London and Limassol, where speakers from Cyprus and Britain exchanged views on the two cities and their development. ...

1274. The end of an era as Revlon files for bankruptcy

The US cosmetics group Revlon has filed for bankruptcy protection after battling supply chain problems and failing to compete with celebrity-backed and social media-savvy upstarts....

1275. US Fed raises interest rates by .75%, largest hike in 30 years

The US central bank has announced its biggest interest rate rise in nearly 30 years as it ramps up its fight to rein in soaring consumer prices....

1276. The dilemmas of war and pandemic

Cyprus is a small country with a large export sector of services, which makes it vulnerable to its external environment. An external shock is felt faster and more intensely. ...

1277. KPMG in Cyprus will act as a technical service consultant for the Treasury of the Republic of Cyprus

KPMG in Cyprus will act as a technical service consultant, following participation in a public tender, for the provision of support to the Treasury of the Republic of Cyprus, in the framework of the implementation of the new eProcurement system....

1278. MAP S.Platis Group Pioneers 32-Hour Work Week for Staff This Summer!

Following the success of its hybrid and flexible work schedule during the past two years, MAP S.Platis Group, a leading consulting, educational, and tech firm in the financial services and regulatory compliance sector in Cyprus, announces the launch of a four-day work week for its staff via its ‘Summer Afternoons’ programme....

1279. President vows to carry on Zeta’s legacy

Cyprus President Nicos Anastasiades bade farewell on Friday to Labor Minister Zeta Emilianidou, who passed away on Monday after suffering a cerebral aneurysm in May, noting that despite her achievements she remained humble, humane, a respectable lady and that he feels proud of her work...

1280. EY announces 4 new Partners in Cyprus and welcomes new Head of Consulting

EY Cyprus Country Managing Partner, Ronald Attard, has welcomed the announcement of 4 new partners to the Cyprus practice....

1281. EU strikes deal on adequate minimum wage in member states

With a deal struck on Monday night, Parliament and Council negotiators agreed on EU rules to set adequate minimum wages, as provided by national law and/or collective agreements....

1282. Why are we all working so hard?

The idea that technology can liberate us from the drudgery of work is a powerful one. It has also been a powerful disappointment, at least so far....

1283. Cyprus looks to become global crypto hub with new bill

Cyprus is vetting a cryptocurrency “umbrella” bill in a bid to establish the Mediterranean nation as a premier destination for digital asset innovators and companies....

1284. Number of registered unemployed persons drops by over 66% in May

The number of unemployed persons, registered at the District Labour Offices registered a steep drop in May declining to 10,586 persons, marking an annual reduction of 66.2%....

1285. Global IPO market experiences significant slowdown in Q1 2022

1286. Industrial prices soar by 19.5% in Cyprus

Cyprus’ Index of Industrial Output Prices for April 2022 reached 123.8 units (base 2015=100), recording an increase of 19.5% compared to the same month last year, according to data published by the island’s Statistical Service (CyStat) on Monday....

1287. Menendez: 'There will be consequences for Turkey's violations'

The Turkish occupation of Cyprus and Ankara's policy, which remain a threat to stability and prosperity in the region, was raised by Senator Robert Menendez during the Annual Economist New York Mediterranean Business Summit on Tuesday....

1288. Europol sex trafficking probe lands Cypriot farmer in prison

An elderly farmer in Cyprus was sentenced to ten years behind bars in a sexual exploitation case, after a joint law enforcement operation with Europol led to the discovery of at least two victims in the island’s agricultural sector...

1289. Talk of doing good rings hollow among global elite in Davos

If the rich don’t give a bit more today, they may have to give a lot more tomorrow. That was my conclusion from last week’s World Economic Forum in Davos....

1290. A new hotel opens in the heart of Old Nicosia

Interest in investing within the walls of Nicosia is growing. The purchase of property to be transformed into student dormitories and new apartments is being discussed both by local businessmen and in real estate circles. ...