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151. The 2023 Budget in the vortex of the elections

The government of President Anastasiades has just submitted its final budget, for 2023. DISY will undoubtedly support the budget, but it will be interesting to see what position it will take if and when the polls are confirmed....

152. Germany eases rules for internationals to obtain citizenship

The federal government of Germany has unfolded its plans to introduce new changes to its immigration law, among others, to make it easier for internationals to obtain citizenship....

153. Apple supplier apologizes, offers $1400 payout to quell protests

Apple’s manufacturing partner Foxconn has offered payouts of Rmb10,000 ($1,400) to newly recruited staff who elect to leave the iPhone factory and vowed to honour pay agreements, in an attempt to quell unrest after workers violently clashed with police....

154. EC approves 7.75m aid for Cyprus agricultural sector

The European Commission has approved a 7.75 million euro Cypriot scheme to help some agricultural producers through direct grants, in order to deal with the side effects of Russia's invasion of Ukraine....

155. Complaints about Black Friday deals have begun

The Consumer Association had begun receiving complaints about deceptive product offers as Black Friday draws near....

156. Airlines pushing for single-pilot flights

Airlines around the world are pushing for only one pilot in the cockpit of passenger jets as part of efforts to cut costs and decompress from staff shortages....

157. Raising the Black Friday bar

This year's Black Friday is expected to be much stronger and more appealing to consumers than last year's Black Friday. Following the tepid and disappointing performance of 2021, market participants believe this is the case. ...

158. EY Cyprus presents the Transparency Report 2022

ΕΥ Cyprus has released its Transparency Report 2022, which provides an update on the firm’s efforts to execute high-quality audits, identify and mitigate risks and enhance trust in business and the capital markets, in support of sustainable, long-term value creation. ...

159. Air traffic in Cyprus expected to exceed 9 million this year

Air traffic in Cyprus will exceed 9 million passengers this year, despite the disruption in travel due to the war in Ukraine and the ensuing sanctions impost by the west against Russia, Eleni Kalogirou, Chief Executive Officer Hermes Airports, the operator of Cyprus’ two international airports, has said....

160. What is causing the egg shortage?

Andreas Hadjiadamos, executive secretary of the supermarket association, and Marios Antoniou, secretary general of the Pancyprian retail association, both appeared reassuring about market egg shortages....

161. Petrides: 'We will not impose new fuel taxes'

Finance Minister Constantinos Petrides stated that no new fuel taxes will be imposed, an obligation that should be met by the end of the year....

162. The ECB's next steps were documented in Limassol

The two-day conference of Central Bank Governors in Limassol is a strong contender to serve as the foundation for decisions on monetary policy and inflation strategy to be made in the coming period. ...

163. Europe's vegetable farmers warn of shortages as energy crisis bites

Emmanuel Lefebvre produces thousands of tonnes of endives on his farm in northern France annually, but this year he may abandon his crop because of the crippling energy costs required to freeze the harvested bulbs....

164. Self check-in and robots - the future of tourism in Cyprus

165. Employing Turkish Cypriots in ROC can play a key role in reunification

In a letter to Nicosia, the European Commission is calling for the upgrading of skills and the promotion of Turkish Cypriots in specific sectors of employment in the Republic of Cyprus, hoping that such a development will create a win-win situation....

166. Europe flights disrupted by French air traffic controller strike

European flights faced widespread disruption on Friday as a French air traffic controllers' strike forced airlines to cancel half of those scheduled to arrive or depart Paris airports and others due to having to fly over France....

167. Major banks across Europe turning off hot water and preparing diesel generators

Major banks across Europe are implementing measures in the workplace to cut down on energy consumption as Russia tightens its gas supply to the continent....

168. Germany to revise immigrant laws to allow more skilled migrant workers

In the coming months, the German Ministry of Labor will come forward with a proposal to the federal government to introduce a new immigration option for skilled foreigners....

169. Gorbachev, who steered Soviet breakup, dead at 91

Mikhail Gorbachev, who set out to revitalize the Soviet Union but ended up unleashing forces that led to the collapse of communism, the breakup of the state and the end of the Cold War, died Tuesday. The last Soviet leader was 91...

170. What is causing the unexpected drop in global food prices?

Six months after Russia's invasion of Ukraine, the inflationary shock is still causing a "headache" for markets, government staff and households, with the price of natural gas hitting new record levels yesterday....

171. Sleepy Greek port becomes US arms hub

But the sleepy port of Alexandroupoli in northeastern Greece has taken on a central role in increasing the US military presence in Eastern Europe to contain Russian aggression. That flow has angered not only Russia but also neighboring Turkey, underlining how war in Ukraine is reshaping Europe’s economic and diplomatic relationships....

172. EU states facilitating employment of third country nationals to ease labor shortage

The European Union’s population is aging. The factors behind this phenomenon are many, but the declining fertility rates and the increased life expectancy, along with migration to countries like the United States, the United Kingdom, Canada, and Australia, are the main ones....

173. Ukraine's first grain export is a fraction of what it needs to sell

Ukrainian President Volodymyr Zelenskiy dismissed the importance of the first grain export shipment from his country since Russia invaded, saying it was carrying a fraction of the crop Kyiv must sell to help salvage its shattered economy....

174. First ship carrying Ukrainian grain leaves Odesa port

A ship carrying grain left the Ukrainian port of Odesa for Lebanon on Monday under a safe passage agreement, Ukrainian and Turkish officials said, the first departure since the Russian invasion blocked shipping through the Black Sea five months ago....

175. Lufthansa ground staff strike for higher pay amid inflation

Ground staff at Deutsche Lufthansa went on strike early Wednesday, prompting the cancellation of more than 1,000 flights, and adding to travel disruptions during the busy summer travel season....

176. WFH 'epidemic' blamed for travel chaos across Europe

The CEO of Qatar Airways has blamed the chaos at airports on a work-from-home "epidemic," Reuters reported on Monday....

177. European nations asked to immediately start rationing natural gas

To avoid energy shortages that would stall economic growth and leave households cold in the winter as Russia weaponizes its gas exports, European countries should immediately start rationing use of the fuel, the European Commission said on Wednesday, and cut their use 15 percent until next spring....

178. Putin will restart gas pipeline to Europe, but with conditions

Russian President Vladimir Putin signaled that Europe will start getting gas again through a key pipeline, but warned that unless a spat over sanctioned parts is resolved, flows will be tightly curbed....

179. Sri Lankan president flees country amid devastating economic crisis

Sri Lankan President Gotabaya Rajapaksa fled the country on Wednesday and hundreds of protesters stormed the prime minister's office demanding his ouster, as a people's uprising over a devastating economic crisis overwhelmed security forces....

180. Cancellations, delays and strikes - Which destinations are the most affected?

What to know and what to pay attention to those who are preparing to travel...