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421. Foreign Direct Investment in Europe a game of two halves: current volatility impacts strategy while long-term appeal instills confidence

Europe’s attractiveness for FDI has shown signs of recovery following the COVID-19 pandemic with a 5% increase in the number of projects announced in 2021 compared to 2020, according to the latest annual EY European Attractiveness Survey....

422. Lidl Cyprus has a strong presence at domestic award institutions

Lidl Cyprus received a total of sixteen awards in a wide range of business activity and innovation; notably at the impressive Cyprus HR Awards award ceremony, the Cyprus Responsible Business Awards and Cyprus Retail Excellence Awards as well as at the Cyprus BITE Excellence Awards....

423. 550 employees leave Bank of Cyprus

The Bank of Cyprus announced the successful completion of a voluntary staff retirement plan. Through the Plan, approximately 550 employees have been approved for severance, ...

424. Turkey’s map and Greece’s vindication

The displaying of a map showing many Greek islands, including Crete, as Turkish, by President Recep Tayyip Erdogan’s nationalist ally Devlet Bahceli, is obviously a particularly provocative action that angers Greece. In the battle of public relations, however, it strengthens its position....

425. What is the agenda for the Eastern Mediterranean?

In recent years, Cyprus, Greece and Israel have significantly intensified their political, energy and military relations....

426. 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...

427. Kea opens spectacular shipwreck dive sites

Jacques-Yves Cousteau would probably have been surprised to learn that the wreck of the World War I Britannic (the sister ship of the legendary Titanic) he discovered in 1975 off southwestern Kea would be listed as an underwater historical site almost 50 years later, becoming one of a handful of such marine parks in the world. ...

428. Alphamega Hypermarkets: More deliveries in less time

Alphamega Hypermarkets’ second distribution centre has been up and running for some time now, after being launched as part of the second phase of the Company’s e-commerce strategy. It is expected to help considerably in covering the demand island-wide for orders through the chain’s e-shop...

429. Sexual abuse and exploitation of children reaches alarming levels

Deputy Attorney General, Savvas Angelides noted on Wednesday that the increase of sexual abuse and the exploitation of children has reached alarming levels in recent years, adding that "this has resulted in the filing of a significant number of cases before the Assize Court and the district courts."...

430. A number of migrants deported on Tuesday by Cyprus Police

Cyprus police participated in the repatriation of 15 third-country nationals on Tuesday. All were on the island illegally....

431. Nicosia jittery about US demand to ban vessels

The Republic of Cyprus reportedly has concerns over a US request to ban vessels transporting Russian oil, with the small island but major maritime player feeling pressure as Washington leads a G7 effort to sharply reduce Russian oil revenue...

432. Deputy Ministry of Climate being mulled over

The Cyprus Economy and Competitiveness Council is proposing the creation of a Deputy Ministry for Climate, as part of its suggestions for Green Development – Energy....

433. On Erdogan, the West and Greek-Turkish relations

Let’s start with the domestic facts and figures to dispel the widespread wishful thinking betting on the victory of the so-called “opposition front” at the next elections....

434. Germany a step closer to rationing after Russia cuts gas supplies

The German government formally placed its energy market on a war footing Thursday over Russia's sharp reduction of gas supplies, telling households to reduce consumption and warning that industrial output will be hit. ...

435. Immigration problem?

The biggest challenge that the European continent will face in the near future is immigration. Of course, it is not something new, since in recent years the migratory flows, legal or otherwise, were huge, but the countries of the south were the ones facing the problem....

436. 20 years of the Cayenne: The ‘third Porsche’ – an extraordinary success story

Ferry Porsche predicted it back in 1989: “If we build an off-road model according to our standards of quality, and it has a Porsche crest on the front, people will buy it.” He would go on to be proved right. ...

437. Pesticide reduction key to sustainable agriculture

Reducing the use of pesticides is key to sustainable agriculture, Commissioner Kyriakides tells CNA, and underlines that producers will be supported...

438. 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....

439. 'EuroAsia Interconnector will help free EU from energy dependence'

Tapping into Israel’s vast renewable sources of energy will help reduce the EU’s dependence on Russia, European Commission President Ursula von der Leyen said during her visit to Israel, highlighting the importance of Cyprus and Greece in securing energy supply....

440. 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....

441. 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....

442. 110,000 monkeypox vaccines set to be shipped to the EU

The European Union has reached an agreement for the purchase of 110,000 monkeypox vaccines, the Commissioner for Health and Food Safety, Stella Kyriakidou announced....

443. Palestinian leader drops by Nicosia

The Palestinian leader embarked on an official visit to the Republic of Cyprus this week, just days after Washington restored a line of communication with him and while energy talk in the region continues...

444. Volunteerism czar pleads not guilty to faking resume

A former volunteerism commissioner, who resigned his post last year amid allegations he had lied on his school report and professional resume, has pleaded not guilty with his new lawyer arguing his client was not getting a fair shake in the media...

445. 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....

446. 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....

447. New Research Shows What’s Driving Resilience and Regeneration in Today’s Global Family Businesses

Annual report from KPMG Private Enterprise and the STEP Project Global Consortium highlights how emotional attachment to one’s organization and the ability of next-gens to take risks and experience life outside the family business are critical elements of future business success....

448. Fotiou: 'Turkey's dmand for a two-state solution impossible'

"Achieving a solution that will permanently rid Cyprus of Turkish occupation and reunite Cyprus is what we should all work for," said Presidential Commissioner Fotis Fotiou,...

449. Global IPO market experiences significant slowdown in Q1 2022

450. Awards for Lidl Cyprus Human Resources Department

Once more, Lidl Cyprus proves to be a leading employer, constantly evolving and innovating while always remaining focused on people! At the 2021 Digital Marketing Awards ceremony, Lidl Cyprus received 4 awards as a result of the company's activities as Top Employer...