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121. Why marriage shouldn't be the answer to €2B loans

In 2023, Cyprus secured a substantial loan totaling €2.02 billion from the Bank of Cyprus, earmarking €510 million specifically for housing initiatives. ...

122. Deloitte reveals the top human capital trends and challenges for 2024

Deloitte’s annual ''Global Human Capital Trends'' report identifies the most pressing issues for organisations, leaders and workers....

123. What role do banks ultimately play?

Are banks merely financial entities providing a range of services to the public and businesses, solely driven by profit for shareholders? Banks serve as the heart of our economic and social systems, ...

124. Dimitra explains what it's like to be a ''bee mama''

Dimitra Zakynthinos is a resident of central Athens and has a very particular approach to issues concerning the environment and our transition to the green era. ...

125. Pillar two readiness and technology

As per our previous publications and alerts, we had the opportunity to communicate a significant development - the introduction of BEPS 2.0 Pillar Two or Global Minimum Tax. The European Union unanimously adopted a directive in December 2022 (the ''Minimum Tax Directive''). ...

126. Cyprus banks push for green standards with ESG certification

Artemis Credit Bureau, a subsidiary of the Association of Cyprus Banks, announced it will launch an interbank project for the corporate certification on ESG (Environmental – Social – Governance) criteria. ...

127. Deloitte Academy's impact spreads from Cyprus to Kenya

The Head of Deloitte Academy, Christina Themistocleous, travelled to Nairobi, Kenya with the goal to offer voluntary work and help students achieve their ambitions and reach their full potential....

128. Imperio leads Cyprus real estate into green future with first-ever ESG report

Imperio remains steadfast in its commitment to promote the green transition of Cyprus’ real estate sector – a development that will greatly benefit the sector’s businesses, society, economy, as well as the environment itself, in multiple ways....

129. EY seminar explores green tax impact on businesses

EY Cyprus Academy of Learning and Development Organized a Seminar on Sustainability and Green Taxes Affecting Business – As – Usual: The EU Role of Cyprus. ...

130. Government reveals setbacks in local governance overhaul

The Cypriot government admits to deficiencies in its largest administrative overhaul since the Republic's inception, just four months before its official launch....

131. Netherlands tops global pension charts

A recent analysis by the Mercer CFA Institute has identified European nations as leaders in global pension systems. The Netherlands secures the top spot in the rankings, with Iceland and Denmark following closely behind....

132. Kato Pyrgos aims to become Cyprus' first energy self-sufficient community

Inspired by the success of the Tilos Project, the first operational renewable energy initiative that achieved energy independence for the island of Tilos, Kato Pyrgos aspires to become the first energy self-sufficient community in Cyprus. ...

133. Over 1,000 tons of discarded tires pile up across Cyprus

Today, more than 1,000 tons of tires lie scattered in open spaces throughout Cyprus, posing a significant problem for the environment and public health....

134. PwC Cyprus goes 100% renewable, sets green example

PwC Cyprus issued an announcement today, revealing that it has achieved a significant milestone in its quest for zero emissions. The electricity powering its operations in Nicosia and Limassol is now sourced entirely from renewable sources. ...

135. Cyprus embarks on €8 billion growth spree with major projects

In a recent press release, the Association of Large Investment Projects affirmed that Cyprus is poised for sustained economic growth, with a portfolio of major projects exceeding €8 billion. ...

136. University of Nicosia earns PRME Champion title for sustainability commitment

The University of Nicosia is proud to announce that it has been selected as a PRME Champion for the 2024-2025 cohort. This prestigious recognition is awarded by the Principles for Responsible Management Education (PRME), a United Nations-supported initiative....

137. Cyprus' dining experience elevated at WiZ 50 Best Awards

For the second consecutive year, WiZ GUIDE, SppMedia Group, and the Bank of Cyprus co-hosted the prestigious ''WiZ 50 BEST Restaurants'' ceremony....

138. Cyprus Airways bolsters fleet with environmentally friendly AIRBUS 220s

In a strategic move aimed at enhancing operational capacity and embracing sustainability, Cyprus Airlines acquired two state-of-the-art AIRBUS 220s in July....

139. Government's €6.6M solar project powers education sustainably

In a significant leap towards sustainability, Cyprus has successfully concluded a €6.6 million project, installing photovoltaic systems in 405 school buildings. ...

140. The plague of the Cyprus port industry

Cyprus holds a pivotal role as a major trading hub and a crucial maritime center, leveraging its strategic geographical position and island status to foster maritime transport development. ...

141. 'One Stop Shipping Centre' launched to boost competitiveness

The One Stop Shipping Centre has set sail in Cyprus, marking a significant development for the Cypriot shipping industry. Launched by the Deputy Ministry of Shipping under the President of the Republic,...

142. Atterbury Europe unveils green vision for Limassol Mall

In a groundbreaking move towards a sustainable and environmentally friendly future, Atterbury Europe is set to revolutionize the construction and operation of the proposed Mall of Limassol. ...

143. 78% of gyms in Cyprus operate illegally, posing risks to consumers

In a startling revelation, the Pan-Cyprian Association of Gym Owners (PASIGY) disclosed in a press conference on Tuesday that a staggering 78% of private gyms in Cyprus are operating without the necessary licenses....

144. Cyprus redefines sustainability with new renewable energy grants in housing

In an exclusive announcement, the Ministry of Energy, Trade, and Industry is reaching out to stakeholders for their input on the innovative ''Grant Scheme for Renewable Energy and Energy Saving in Housing 2024-2025.''...

145. Aging global shipping fleet raises environmental concerns

The global shipping fleet has reached its oldest average age in nearly 15 years, a concerning trend as the industry faces mounting pressure to adopt greener practices....

146. Cyprus tax reform targets green initiatives and economic revitalization

By March 2024, the initial six phases of the tax transformation project commissioned by the Ministry of Finance to the Centre for Economic Research of the University of Cyprus will conclude,...

147. UN Chief expresses concern over deepening divide in Cyprus

''It becomes clearer with every passing year that the divide between the sides is growing, gradually eroding the prospects of finding a mutually acceptable political settlement''...

148. Europe tightens rules on short-term rentals for sustainable tourism

The noose has tightened for short-term rentals within European territory, i.e. ''Airbnb'' and other well-known platforms. The aim of the new three rules from the European institutions is to promote more sustainable tourism,...

149. Cyprus grapples with lingering private debt woes

In Cyprus, the European Commission consistently highlights the significant economic challenge of private debt through regular post-program or post-memorandum reports....

150. Finance Ministry undergoes administration overhaul