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121. Eurozone economic snapshot - November 13, 2023

Inflation in the Eurozone, which stood at 10.6% in October 2022, has decreased to 2.9% in October 2023, sparking optimism among central bankers....

122. Seven ways to boost Cyprus’ economy and competitiveness

The Cyprus economy needs seven important pillars to respond to the increasingly volatile environment, achieve greater growth, gain a more resilient and competitive economy, and develop innovation and more growth potential, according to PwC CEO Philippos Soseilos....

123. Championing consumer rights in the digital era

A Consumer Dialogue event titled "New Consumer Agenda - Challenges ahead" took place at the EU House in Nicosia, addressing critical aspects of consumer protection, consumer rights and obligations in an era marked by the challenges of digitalization and the green transition....

124. The mystery of Cyprus' social insurance fund

The Republic of Cyprus achieved its first significant milestone with the establishment of the Social Insurance System, originally introduced during the colonial era. ...

125. 'Standing pods' and 'robot flight attendants' on 2050 airline cabins

Artificial intelligence can be brutally honest and play up to stereotypical views - as Irish budget airline Ryanair found out recently....

126. A cheesy dilemma as Halloumi faces new market challenges

Amid renewed discussions on the PDO halloumi milk quota, a fresh challenge has emerged for producers and the competitiveness of the product. The market now sees products labeled as ''grilled cheese,''...

127. Labour Minister discusses pension relief proposal on SPOR FM

Greek Minister of Labour Yannis Panagiotou addressed the proposal to exempt the basic pension from the actuarial reduction of 12% for employees with 40 years of contributions during an interview with SPOR FM and the show Diaspora News....

128. Key economic issues dominate the headlines

Despite various actions taken and a decrease in inflation, there are worries about the central bank's ability to achieve its goals. Some experts suggest that the target of 2% price growth, ...

129. Full basic pension exempted from actuarial reduction

The Minister of Labor, Yiannis Panayiotou, presented a proposal at the Social Insurance Council meeting, exempting the full basic pension from a 12% actuarial reduction for employees with 40 years of contributions. This proposal aims to relieve actuarial reductions for early pensions. ...

130. Hospital workers stage strike for better conditions

On Tuesday, the unions representing SEK, PEO, DEOK, PASYDY, PASYNO, and PASYKI collectively rejected the new proposal put forth by OKYPY regarding the collective agreement....

131. Netherlands tops global pension rankings with AI-driven excellence

A new analysis, ranking 47 pension systems across the world, has shed light on the growing impact of AI on pension systems....

132. Digital Agenda Cyprus Summit explores how government and tech team up

During today's Digital Agenda Cyprus Summit, Irene Piki, the Deputy Minister to the President, provided valuable insights into the intricate relationship between government strategic priorities and the transformative power of technology....

133. This is the program for the Digital Agenda Cyprus Summit 2023

31 prominent figures will present and discuss contemporary issues and trends in technology, communication, energy, sustainable development, entertainment, automotive, and work....

134. What's in store at the 6th Digital Agenda Cyprus Summit tomorrow?

Nicosia is embracing a new identity as it transforms into a global educational and technological hub, thanks to the upcoming 6th Digital Agenda Cyprus Summit in 2023....

135. Righas Imports at the Cyprus Cocktail Festival 2023

The 4th Cyprus Cocktail Festival, part of the Digital Agenda Cyprus Summit, is delighted to announce the participation of Righas Imports with sugar cane straws in the festival. This event is scheduled to take place on October 17, 2023, at the Municipal Garden of Nicosia, starting at 19:00....

136. EY Cyprus organised an event on the implementation and implications of the European Corporate Sustainability Reporting Directive (CSRD)

EY Cyprus has organized an event to present the challenges that many Cypriot companies will face in implementing the European Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS). ...

137. Electricity link connects Israel, Cyprus, Crete, and Greece

In a significant development for the energy sector, George Papanastasiou, the Minister of Energy, Trade, and Industry, expressed his warm welcome for the forthcoming implementation of the electricity interconnection project connecting Israel, Cyprus, Crete, and mainland Greece....

138. Nicosia gears up for Quantum Nicosia Marathon 2023

On Sunday, December 10, 2023, Nicosia will host the eagerly awaited "Quantum Nicosia Marathon 2023," featuring various race categories, including the Marathon, Half Marathon, 7.7 Miles (12,400m), and 5km races (individual and corporate). ...

139. Unexpected earnings dip in 2022 at €2,202

In a surprising turn of events, Cyprus witnessed its first annual drop in monthly earnings after seven prosperous years....

140. Cyprus embarks on ambitious reform and overhaul of tax framework

The Cyprus Tax Framework is set for a significant overhaul as work begins on the Integrated Tax Transformation Project. ...

141. €5,600 in funding for tourism enterprises

In celebration of World Tourism Day, the Cyprus Chamber of Commerce and Industry reaffirms its commitment to supporting Cypriot tourism businesses on their journey toward sustainability. ...

142. CBC Governor Herodotou reveals breakthrough in digital finance

The Central Bank of Cyprus has completed the tender for a new digital platform for customer compliance, said CBC Governor Constantinos Herodotou, speaking at an event organized by the Association of Cyprus Electronic Money and Payment Institutions, on Thursday afternoon....

143. Limassol port's grand eco-art showcase for World Tourism Day

In celebration of World Tourism Day, DP World Limassol, in collaboration with the Deputy Ministry of Tourism, hosted a special event last week for terminal passengers. The event's primary objective was to promote sustainable practices within the shipping sector....

144. EY achieves record global revenue of nearly $50 billion

EY reports record global revenue results of just under US$50b...

145. CEO confidence in artificial intelligence tempered by social, ethical and security risks

CEOs globally are embracing opportunities created by AI, but also remain wary of unknown, unintended consequences, according to the findings of the latest EY CEO Outlook Pulse survey. ...

146. Cabinet greenlights WHO local office

The Cabinet has greenlit the establishment of a World Health Organization (WHO) Country Office in Cyprus, as confirmed in a statement released by Health Minister Popi Kanari....

147. Cyprus Airways records a 70% surge in passenger numbers

Cyprus Airways announced on Monday that in July 2023 it carried 77,656 passengers, which is 70% more passengers than carried during July 2022....

148. City of Dreams Mediterranean partners with Cablenet

149. EuroAsia interconnector seeks alternative funding

The developer of the EuroAsia Interconnector is seeking alternative funding avenues to construct Cyprus' electricity interconnection with the European Union, following the European Investment Bank's rejection of a loan request. ...

150. Fattal Group acquires Grand Resort Hotel

The Israeli hospitality conglomerate, Fattal Hotel Group, is continuing its expansion in Cyprus by acquiring the five-star GrandResort hotel in Limassol, according to an announcement by Invest Cyprus. ...