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241. Euronet remains only bidder in delayed JCC sale

The process for the sale of JCC Payment Systems, which began confidentially over the summer, appears to have hit a "snag," with Euronet as the only prospective buyer. ...

242. Cyprus faces financial imbalance as assets fall short of liabilities

As of December 2023, Cyprus' economy is navigating a complex financial landscape, with total assets in financial instruments reaching €869 billion. However, the country also faces a notable financial shortfall, with liabilities exceeding assets by about €29 billion....

243. Cyprus finance chief moved amid questions over government transparency

Papnayiotis Rougalas reports in this Sunday's Kathimerini that the Council of Ministers of Cyprus announced a significant reshuffle on Thursday,...

244. Norway’s billion-dollar man says Americans ''just work harder'' than Europeans

Norway’s ''billion-dollar man'' Nicolai Tangen, who manages Norway’s $1.6 trillion sovereign wealth fund, says America’s success over Europe comes down to one simple factor: Americans work harder....

245. Cyprus achieves first A-level credit rating in major milestone

Scope Ratings has upgraded Cyprus's credit rating to A- from BBB+, marking the country's first A-level rating from a major credit agency....

246. Cyprus' Shipping Deputy Minister honored by International Propeller Club

Cyprus' Shipping Deputy Minister Marina Hadjimanoli has been selected by the International Propeller Club Awards Committee as the Maritime Person of the Year for 2024 Government Spokesman Konstantinos Letymbiotis announced in a written statement on Friday....

247. Lecture by Renowned Entrepreneur John Christodoulou at European University Cyprus

The School of Business of European University Cyprus (EUC), demonstrating its commitment to making a meaningful impact in the business sector and society, hosted a prestigious lecture featuring world-renowned London-based Cypriot-born entrepreneur, John Christodoulou....

248. Cyprus unveils first zero-emissions research vessel

Cyprus celebrated the launch of its first zero-emissions vessel, EVPLOIA APHRODITE, on Thursday at the Larnaca Marina....

249. Paphos airport will expand to boost capacity and modernize facilities

Hermes Airports has submitted a proposal to expand Paphos Airport to better accommodate rising passenger numbers and bring facilities up to modern standards....

250. The New Era of Accounting Services: A Complete Solution for CFOs

Comprehensive Solutions for CFOs in the Modern Accounting Landscape, in the fast-paced business world of today, strategic financial management has become increasingly critical....

251. CBC urges banks to show social responsibility despite sector’s strength

The Central Bank of Cyprus (CBC) released its annual Financial Stability Report for 2023 on Tuesday, indicating that the financial sector is overall strong and capable of handling unexpected challenges. ...

252. Five dead, 22 injured in terrorist attack

A terrorist attack on the Turkish Aerospace Industries (TAI) offices in Kahramankazan, near Ankara, resulted in five deaths and 22 injuries....

253. President unveils €30 million plan to revitalize Troodos region

President Nikos Christodoulides has unveiled a comprehensive plan aimed at revitalizing the Troodos mountainous region, with more than 20 major projects and policy actions set to be implemented. ...

254. Bank of Cyprus shareholders moving at different speeds

CarVal Investors recently sold 3% of its 9.09% stake in Bank of Cyprus, sparking speculation that other shareholders may follow suit and sell their shares....

255. Cyprus surpasses pre-pandemic financial levels with growing surplus

Cyprus is bouncing back from recent economic challenges, with its financial health improving dramatically. Current fiscal surpluses now exceed what they were before the pandemic, thanks to a significant increase in revenue....

256. Cypriot banks sending loans abroad: A growing risk?

Yesterday, I had a conversation with someone who truly understands banking—probably more knowledgeable than many who think they do....

257. Cyprus and U.S. launch first strategic dialogue in Nicosia

According to the Ministry of Foreign Affairs, Nicosia will host the first-ever Strategic Dialogue between Cyprus and the United States this Wednesday....

258. Spike in suspicious transactions as Cyprus freezes over €25 million in illicit assets

Reports of suspicious transactions in Cyprus have risen sharply in 2023, reaching levels similar to those in 2021, as per a story by Kathimerini's Dorita Yiannakou....

259. Vasilikos terminal in limbo as negotiations hang by a thread

According to Apostolos Tomaras in today's Kathimerini, four months after the Chinese consortium pulled out of the construction of the Vasilikos terminal, efforts to fill the gap are still getting started....

260. Katz to Erdogan: 'Take back your murderer friend' in fiery social media post

Israel’s Foreign Minister Israel Katz, who was the first public official to announce the death of Yahya Sinwar, took to social media today with a harsh message directed at Turkish President Recep Tayyip Erdogan. ...

261. BBF secures 5 awards at the European Property Awards

BBF, a Cyprus-based leading residential and commercial real estate developer, proudly announces its latest achievement in being presented with 5 awards at the prestigious......

262. David Rowan: Why Cyprus can become a hub for AI innovation

David Rowan, the founding editor of WIRED UK, captivated the audience at the Digital Agenda Cyprus Summit 2024 with his bold vision of how emerging technologies, particularly artificial intelligence (AI), will reshape the future of business and society....

263. Public sector salaries to increase by 1.5% starting October 2024

Cyprus' House of Representatives has passed an agreement between the government and trade unions to implement a general 1.5% wage increase for public......

264. Cyprus on high alert after cyberattack threat by hackers

Cyprus state services are closely monitoring developments following a warning of an imminent cyberattack targeting the country's critical infrastructure, although no attack has occurred yet, according to well-informed sources....

265. Effort to create new cooperative bank in Cyprus begins with IPO search

The Cypriot company for the promotion of the cooperative movement is at the process of seeking an investment firm that would underwrite an initial public offering for the creation of a “small cooperative bank” in Cyprus that would replace the Cooperative Cyprus Bank which went into liquidation back in 2018, Panikos Hambas told CNA....

266. Winners of Robotex and MRC Cyprus 2024 Awarded at the Bank of Cyprus

The winners of the 7th Robotex Cyprus and the 1st Minoan RobotSports Competition MRC Cyprus that took place last June under the auspices of the President of the Republic, Nikos Christodoulides, were honored. ...

267. Cyprus' infrastructure shines as MED9 Summit boosts tourism

268. High school principal accused of violating rights of student with ADHD

A high school principal has been reported to the police and the Ministry of Education by a student's father due to the principal's behavior toward a student with ADHD......

269. Flight cancellations leave Air Haifa struggling for passengers

Air Haifa, a new low-cost airline, completed its inaugural flight on the Tel Aviv-Larnaca route yesterday morning. Upon returning from Larnaca, passengers were surprised to find the flight nearly empty, a rare occurrence during this peak travel season for the Israeli aviation industry....

270. Disputes delay Pafos-Polis Chrysochous motorway project

In today's Oikonomiki, Dorita Yiannakou reports that the ongoing dispute between the Greek construction company Intrakat and the State over the Pafos-Polis Chrysochous motorway project has led to a stalled construction timeline and potential penalties. ...