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121. Finance Ministry launches tender for Companies Law modernization

Cyprus Ministry of Finance has launched a tender with an estimated value of €2 million aiming to acquire services for the modernization and reform of the outdated Companies Law, aiming to improve the economy’s competitiveness and ease of doing business....

122. Illegal contracts awarded by former Finance Minister, says Audit office

The Audit Office has confirmed that two contracts, awarded by the former Finance Minister without an open tender, were illegal. The Attorney General's opinion that the direct award was legal was also called into question....

123. Sustainability is the name of the game

The Deputy Ministry of Tourism in Cyprus has announced plans to create a new tourism strategy with a horizon of 2035. ...

124. High prices continue to plague the market

125. Digital app to compare product prices in the works

Following the withdrawal of the Household Basket proposal in Cyprus, the Consumer Protection Service is now promoting the preparation of a bill for the implementation of a digital tool that will enable the daily comparison of retail prices of products....

126. The new Limassol-Piraeus schedule will be available soon

The new schedule for the Cyprus-Greece sea link is expected to be announced within the next week, or by early March at the latest. As "K" has been informed, ...

127. 'Buy Nothing Project' gaining ground worldwide

It was not until after Angela Parker, 53, had raced across her north Atlanta neighborhood to nab eight leftover, thick-cut slices of ham with gravy from the porch of someone she didn't know that she began to ask herself some questions. Was it weird to eat a stranger's porch ham? Was it safe? Would the ham be worth it?...

128. The demand for new homes is dwindling

The large investments and development projects mentioned by Minister of Transport and Works Yannis Karousos in his ministry's recent project presentation may have kept the construction and real estate sector afloat until 2022, but the industry still faces challenges....

129. Pope declares being gay a 'sin' but not a 'crime'

Pope Francis has declared homosexuality a 'sin' but not a 'crime' as he branded laws that criminalize gay people 'unjust'....

130. PCR tests to be required for passengers arriving from China

All passengers arriving to Cyprus from China from 15 January will need to show a negative PCR test performed 48 hours before their departure, the Cabinet decided on Wednesday. It also decided on the central management of Intensive Care Unit (ICU) beds....

131. Projects in excess of €48 million will begin in the first quarter of 2023

Projects worth more than €48 million will be tendered in the first quarter of the year under the Cyprus Tomorrow Plan, according to Government Spokesman Marios Pelekanos....

132. Lack of 'discounts' for the holiday table

This year's Christmas table is expected to be laden with delectable fare. This is a tool that supermarkets have enlisted in order to retain customers and possibly increase sales, even in times of inflation....

133. The Louvre, the British Museum, and now the New Cyprus Museum (photos - video)

Work on the New Cyprus Museum will begin in January 2023, and the project is expected to take 42 months to complete, with completion scheduled for mid-2026. ...

134. When the ink dries, this will be the new archaeological museum

135. Anastasiades: Reduction of tender offers 'not due to lack of trust'

There has been an acceleration of the growth rate of public investments, Cyprus President, Nicos Anastasiades, said on Friday, upon receiving the annual report of the Tenders Review Authority from its Chairwoman, Efi Papadopoulou....

136. EY: Modernization of the Government's web presence – The redesign of the Government websites

EY Cyprus has signed the contract for the modernization of the web presence of the Republic of Cyprus, through the redesign of the Government’s websites, which will now be accessible through a new digital portal, the gov.cy. ...

137. Eleftherias Square is getting a bakery and a kiosk

138. Public schools to be digitally upgraded by 2025

The Cypriot Ministry of Education, Sports and Youth on Tuesday signed a €20 million contract for the provision of digital support services, paving the way for the transition towards digital public schools....

139. Liz Truss becomes Britain new PM after Johnson fallout

Liz Truss will become Britain's next prime minister after winning a leadership race for the governing Conservative Party on Monday, vowing to press ahead with promised tax cuts and action to tackle the deepening energy and cost of living crisis....

140. Cyprus scrambles to block hostile bank takeover

The government in the Republic of Cyprus is racing against the clock to arm itself with legal tools to prevent a takeover of the country’s biggest bank by an American private equity firm, which has until next month to submit a final offer that some shareholders may find hard to resist...

141. 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....

142. Cannabis-fed chickens may cut antibiotic use

The government of Thailand just removed cannabis from its list of narcotic substances, which they hope will benefit the tourism and pharmaceutical industries....

143. EY Survey: Energy security concerns reinforce government focus on renewable energy programs

Energy security has risen to the top of government priority lists in the wake of geopolitical instability and spiralling gas prices....

144. What is Turkey up to?

This summer, for the first time in many years, the omens concerning Greek-Turkish relations are particularly gloomy. There are many objective reasons why Turkey causing a heated incident is not the most likely scenario;...

145. Cyprus plays supporting role in LNG arena

After years of trying to locate and extract natural gas from its EEZ, Cyprus' prospects continue to stagnate due to the current geopolitical conditions, the Cyprus issue, and the fact that the research, although promising, has not yet yielded the large quantities that were found in the EEZ of Egypt and Israel....

146. Central banks across Europe jack up interest rates to fight inflation

Central banks across Europe raised interest rates on Thursday, some by amounts that shocked markets, and hinted at even higher borrowing costs to come to tame soaring inflation that is eroding savings and squeezing corporate profits....

147. KPMG in Cyprus will act as a technical service consultant for the Treasury of the Republic of Cyprus

KPMG in Cyprus will act as a technical service consultant, following participation in a public tender, for the provision of support to the Treasury of the Republic of Cyprus, in the framework of the implementation of the new eProcurement system....

148. Monkeypox: 'No need to panic' says Director of Pharmaceutical Services

Acting Director of the Pharmaceutical Services of the Ministry of Health, Helena Panayiotopoulou, has said that there is supportive treatment in the event of a monkeypox outbreak in Cyprus, noting that there is no need for panic....

149. Seven new bicommunal conservation projects underway

The bi-communal Technical Committee on Cultural Heritage is moving ahead with seven new conservation projects which are expected to be finished by the end of 2022 - beginning of 2023....

150. New cycling lanes open connecting outskirts with Nicosia town center

The inauguration for the second phase of the construction of cycling lanes connecting the universities of Nicosia with the city center occurred on Saturday,...