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331. EY holds Cyprus Attractiveness Forum: Investment Realized, a reference point for FDI in Cyprus

The Cyprus Attractiveness Forum: Investment Realized, organized by EY in collaboration with the Cyprus Chamber of Commerce and Industry, took place on Tuesday, October 25th at the Parklane Hotel, in Limassol. ...

332. Cyprus' hourly labor costs in 2020 was at €18.10, with some exceptions

Based on the findings of the Labor Cost Survey (LCS) conducted by the Cyprus Statistical Service, the hourly labor cost was set at €18.10 with 2020 serving as the benchmark year....

333. 1.6 billion Euros in revenue in the first eight months

The tourism income for the period January-August has so far been calculated at €1,617.1 million....

334. Boris Johnson or Rishi Sunak expected to be UK's next prime minister

Boris Johnson and his former finance minister Rishi Sunak were leading potential contenders to replace British Prime Minister Liz Truss on Friday, with candidates canvassing support to become Conservative Party leader in a fast-tracked contest....

335. 70% less wildlife in the world in less than half a century

The World Wildlife Fund (WWF) reported a steep decline in the world's wildlife population in a report released last Thursday. The figures show a 69% drop from 1970 to 2018, a drop of less than half a century....

336. Greece: Mother of 12 year old accused of abetting pedophiles

The man accused of raping a 12-year-old girl, then pimping her out to prospective “clients” online, and one of the 213 men who responded to the pimp’s advertisement were jailed Wednesday....

337. Cyprus ranks high in childhood obesity

Cyprus is one of the top countries with a very high rate of childhood obesity, according to a report presented to the Parliamentary Health Committee on Thursday....

338. €1.22 billion in tourist revenue from January – July 2022

Revenue from tourism reached €1.217 million in the period of January – July 2022 more than doubling the revenue of the respective period of last year....

339. Cypriot businesses face serious issues, but still expect to turn a profit

What are the main problems for Cypriot businesses (table) ...

340. EY Cyprus to present findings of 2nd ΕΥ Attractiveness Survey at Cyprus Attractiveness Forum: Investment Realized on 25 October

EY Cyprus is proud to present the findings of the second edition of the EY Attractiveness Survey Cyprus 2022, during its flagship event, Cyprus Attractiveness Forum: Investment Realized 2022 on 25 October 2022 at Parklane Hotel, Limassol....

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

342. 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....

343. EU plans to cap gas prices risking cutoff from Russia

The European Union proposed a price cap on Russian gas on Wednesday hours after President Vladimir Putin threatened to halt all supplies if they took such a step, raising the risk of rationing in some of the world’s richest countries this winter....

344. Banks imposing stricter lending standards

Cyprus banks have tightened credit standards in the second quarter of 2022, while net new lending demand subsided, reflecting the geopolitical tensions and the uncertainty in the global economic environment, the Central Bank of Cyprus Bank Lending Survey for Q2 says....

345. 4.0 magnitude tremor hits just off the coast of Paphos

An earthquake with a magnitude measuring 4.0 on the Richter scale was recorded shortly before midnight, its epicenter centered in the sea area off the coast of ​​Paphos....

346. €835 million in tourism revenue in the first half of 2022

Tourism revenue reached €835.7 million in the first half of 2022, showing a large increase compared to the corresponding period of 2021, while in relation to the first half of 2019, the record year for Cypriot tourism, there is a decrease of 16.7%....

347. 89% of Cypriots got their news from online sources in 2021

Cyprus is one of the countries in the EU with the largest percentage of users using the internet to access online news sites, newspapers and news magazines, according to data released by Eurostat, the statistical office of the European Union....

348. Luxury cars with Russian plates fill Helsinki airport

Helsinki airport’s parking garage has recently been filled with Porches as well as Bentleys and other luxury cars with Russian license plates making Finland among the most significant transit countries for Russian tourists planning to travel to other European countries....

349. Euro at new 20-year low against the US dollar

The euro slipped to a new twenty-year low due to fears of increased inflationary pressures and an impending recession in Europe as a result of the energy crisis....

350. Cyprus unemployment rate at 6.8% in 2nd quarter of 2022

The unemployment rate in Cyprus was 6.8% of the labor force in the 2nd quarter of 2022, recording a decrease of 1.6% compared to the corresponding quarter of 2021....

351. 17.3% of the population were at risk of poverty or social exclusion in 2021

Slightly more than 17% of the population in Cyprus were in 2021 at risk of poverty or social exclusion....

352. RICS Cyprus Property Price Index with KPMG in Cyprus announces results of Q2 2022

KPMG in Cyprus announces that the ''RICS Cyprus Property Price Index with KPMG in Cyprus'' has been issued for Q2 2022....

353. EY and Hult International Business School announce new Masters in Sustainability, free for all EY people

The EY organization, in association with Hult International Business School, today announces a fully accredited Masters in Sustainability, dedicated to EY people (312,000) exclusively. It will be free of charge and available to all, regardless of rank, tenure or location....

354. 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....

355. Cyprus gas discoveries boosted by EU’s shift from Russia supplies

The European Union’s drive to slash reliance on Russian natural gas is boosting the strategic importance of finds in Cyprus, the country’s energy minister said....

356. EU survey: Bribery still rife in health services

At least one out of eight people who visited a health service in Greece recently had to make an under-the-table payment, known as a “fakelaki,” or “small envelope,” according to recent data....

357. ECOMMBX earns Great Place to Work® Certification

ECOMMBX is proud to announce that it has earned the coveted Great Place to Work® Certification with flying score, which is likely to be among the top – if not the highest – scores for this year....

358. Discussions on minimum wage in the final stretch

We are entering the final stretch for the introduction of the minimum wage in Cyprus and serious developments are expected next Friday, July 22, 2022....

359. All transgender women banned from competing in British Triathlon

Triathlon has become the first British sport to ban all transgender women from competing in female events at an elite and grassroots level....

360. Majority of Cypriots believe corruption is rampant in the country

A total of 94% of respondents in a special Eurobarometer published by the European Commission on Wednesday believe that the problem of corruption is widespread in the country....