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4021. Big disparity of fuel prices on the island

The highest price for Diesel has reached €1.999 in Cyprus, according to the Consumer Protection Service's Fuel Retail Price Observatory. ...

4022. Construction materials up by 21.81% in May 2022

The Price Index of Construction Materials went up by 21.81% in May 2022 compared to the corresponding month of 2021, and continued the upward trend that follows since January 2021....

4023. Bank of Cyprus Drives Sustainable Digital Innovation in Financial Services with Kyndryl

Kyndryl, the world's largest IT infrastructure services provider and Bank of Cyprus, the leading banking and financial services group in Cyprus, announced an agreement to expand their collaboration with a new five-year managed IT services program that advances the Bank’s ESG commitments through 2030, by supporting the Bank’s levels of service, giving access and visibility to its products to all stakeholders....

4024. Cyprus to Greece ferry link launches with great fanfare [VIDEO]

The launch of the ferry link service between Limassol and Piraeus occurred this Sunday amid great fanfare led by the President of the Republic Nicos Anastasiades and attended by the Speaker of the House of Representatives, Anita Demetriou, and various other Ministers....

4025. 'Batterygate': Millions of iPhone users could receive compensation

Millions of iPhone users could be eligible for payouts, following the launch of a legal claim accusing Apple of secretly slowing the performance of older phones. ...

4026. Spanish airline Air Nostrum has just ordered a fleet of airships

As the quest for less environmentally damaging aviation continues, one Spanish airline has thrown its hat into the ring by ordering new hybrid airships -- which pack as much of a punch visually as they are said to do environmentally....

4027. It's full steam ahead for the Cyprus-Greece ferry

Preparations are on overdrive for the first ferry round-trip on Sunday between Cyprus and Greece after 21 long years, according to the shipping line coordinating the route....

4028. Switzerland to contribute 10 million euros to assist with increasing migration

The framework to implement the contribution of Switzerland to Cyprus, estimated at 10 million euros for the needs arising from the increasing migratory flows to the island was examined during a meeting on Thursday between Minister of Interior Nikos Nouris and Switzerland's ambassador to Cyprus, Pierre-Yves Fux....

4029. 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....

4030. EU's biometric entry/exit system to launch in a few months

The European Union’s Entry-Exit System (EES), which aims to enhance internal security and modernise external border management, will start its operation just a few months from now....

4031. Julie Fisher will be the new US Ambassador to Cyprus

Julie Fisher, currently serving as the US Special Envoy for Belarus, is the Biden administration's choice for the position of the new US Ambassador to Cyprus. Fisher's nomination will have to be confirmed by the Senate Foreign Relations Committee following the standard hearing process....

4032. Parthenon sculptures to be 'shared' British Museum suggests

The Parthenon sculptures Greece is demanding back from Britain could be shared by the two countries, British Museum Chairman George Osborne told LBC, a digital news service registered in the UK, on Wednesday....

4033. Gaston Taratuta from Argentina named EY World Entrepreneur Of The Year™ 2022

Gaston Taratuta, Founder and CEO of Aleph Group, Inc. was named EY World Entrepreneur Of The YearTM 2022 at an award ceremony held in Monte Carlo on Thursday, June 9....

4034. 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. ...

4035. Cyprus' airports to help combat human trafficking

The Ministry of Interior, the Cyprus Police, and the Social Welfare Services in collaboration with Hermes Airports have launched a joint campaign at Larnaka and Pafos airports to raise awareness of human trafficking among the traveling public and its front-line staff....

4036. Immigrant arrivals will more than double in 2022

The official data on illegal arrivals in territories controlled by the Republic of Cyprus are alarming. For the first half of 2022, the number of asylum seekers has skyrocketed, compared to 2021, with the current year looking to break a decade's old record....

4037. 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....

4038. Torrential downpours cause havoc in some parts of the island

Torrential downpours and heavy rains hit several areas of the island today, causing some havoc in certain areas and on some parts of the highways....

4039. 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....

4040. Myth-buster: IFRS 17 an accounting standard for insurance contracts

As the title attests, this short article aims at busting the myth which states that IFRS 17 – Insurance Contracts is only relevant for insurers or for companies regulated as insurance entities. ...

4041. Car ploughs into crowd in Berlin killing one and injuring others

One person has been killed and at least a dozen more injured after a car drove into a crowd on a busy Berlin street....

4042. 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....

4043. Three days of mourning for Zeta Emilianidou

White flowers, a candle and a photo were set in the place of Zeta Aimilianidou during the meeting of the Council of Ministers....

4044. 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....

4045. East-West orthodox split deepens in Cyprus

An interview with the Archbishop of Cyprus, who used unfavorable words for detractor bishops as well as the Patriarch of Moscow, is causing all sorts of reactions on the island where campaign drama is unfolding both in a highly contested presidential election and a looming replacement for head of church...

4046. Labor Minister Zeta Emilianidou has died aged 68

The Presidency of the Republic has expressed its deepest sorrow over the death of Labour and Social Insurance Minister Zeta Emilianidou....

4047. Boris Johnson to face no-confidence vote tonight

British Prime Minister Boris Johnson will face a no-confidence vote Monday that could oust him from power, as discontent with his rule finally threatens to topple a politician who has often seemed invincible despite many scandals....

4048. 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%....

4049. Global IPO market experiences significant slowdown in Q1 2022

4050. Cyprus targets 'alleged fathers' in immigration scheme

Cypriot Interior Minister Nicos Nouris has sent out a cable telling administrators to hold off on issuing any birth certificates in cases where staff may have doubts over the paternity of a child until new legislation can allow sampling DNA from alleged fathers...