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631. Exness supports technology education in Cyprus through Robotex Platinum sponsorship

632. President to finalize minimum wage talks with unions

President of the Republic Nicos Anastasiades will meet trade unions on Tuesday to conclude negotiations for the introduction of the minimum national wage in Cyprus....

633. North probes illicit cash route to south after Ercan arrests

Recent arrests in the north in connection with cash couriers have prompted Turkish Cypriot authorities to investigate whether large sums of money were being transferred through an illicit route to the south...

634. Commission VP demands review of EU decision to trademark ‘Turkaegean’

European Commission Vice-President Margaritis Schinas has sent a letter to Internal Markets Commissioner Thierry Breton demanding a review of a decision to approve Ankara’s request to trademark the term ‘Turkaegean.’...

635. Retail trade in the grip of inflation

The market is under intense pressure due to the inflationary trends of recent months with consumers appearing hesitant on their trips to retail stores. More shoppers are looking for special offers and refraining from impulsive buys....

636. Consumer confidence in the economy deteriorates in June

The economic sentiment in Cyprus deteriorated in July, pushed downwards by weaker business confidence in services, industry and retail trade....

637. Russia defaults on foreign debt for the first time since 1918

Russia has defaulted on its foreign debt for the first time in more than a century as the country can't pay creditors due to sanctions over the war in Ukraine, according to media reports. ...

638. EU leaders tackle inflation, energy shocks from Russia’s war

A day after endorsing Ukraine’s candidacy to join the European Union, the bloc’s leaders turned their attention Friday to the severe economic turbulence looming over the coming months as the full impact of Russia’s war sinks in and the threat of recession rises....

639. Petrides: A new era of uncertainty

Uncertainty is the only certain thing in the new era we are entering, said Finance Minister Constantinos Petrides addressing the 14th Congress of the Free Trade Unions of Semi-Governmental Organizations (OHO-SEK)....

640. Turkey to blame for increasing number of migrants in Cyprus

Interior Minister Nicos Nouris said on Thursday that Turkey is the main culprit for the increasing number of migrants to Cyprus....

641. Guterres: 'More direct contact between the two communities is needed'

UN Secretary-General Antonio Guterres has urged the leaders in Cyprus, President Nicos Anastasiades and Turkish Cypriot leader Ersin Tatar to encourage more direct contact and cooperation between the two communities, expressing his concern about the likelihood that the already difficult climate between the parties could worsen....

642. Valuable ally, you said?

I have been trying for a long time to understand exactly what various Western officials mean when they monotonously repeat that “Turkey is a valuable ally.” Turkey is obviously a large, strategically important country at a critical geopolitical crossroads. No great power can ignore it....

643. The dilemmas of war and pandemic

Cyprus is a small country with a large export sector of services, which makes it vulnerable to its external environment. An external shock is felt faster and more intensely. ...

644. 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....

645. Number of registered unemployed persons drops by over 66% in May

The number of unemployed persons, registered at the District Labour Offices registered a steep drop in May declining to 10,586 persons, marking an annual reduction of 66.2%....

646. 'Mutually beneficial' CBMs rejected by Tatar

Government Spokesman Marios Pelekanos stated today that a proposal by Cyprus President, Nicos Anastasiades, on a package of Confidence Building Measures (CBM) is mutually beneficial and promotes a positive climate for the resumption of Cyprus talks....

647. CBC: Cryptocurrencies are a potential risk to the economy

Losing 26% of its value in the last month, Bitcoin and other cryptocurrencies are in danger of dragging the "real economy" with their unpredictable fluctuations....

648. Slight rise in economic sentiment in May

Economic sentiment in Cyprus improved slightly this May as the Economic Sentiment Indicator (ESI-CypERC) increased by 1.1 points compared with April 2022, according to the results of the Business and Consumer Survey of the Economics Research Center of the University of Cyprus....

649. Israel reassures Turkey over Cyprus drill

A 'new chapter' in relations between Ankara and Jerusalem was launched this week during a visit to Israel by Turkish Foreign Minister Mevlut Cavusoglu, who reportedly sought an explanation regarding a large-scale military drill said to take place in Cyprus over the weekend...

650. EU's von der Leyen: LNG in Cyprus and Greece

European Commission President Ursula von der Leyen's speech at the World Economic Forum in Davos and what she said about the energy sources of the Old Continent is essentially the first step in the role that the Eastern Mediterranean and its reservoirs can play in the EU's efforts to cut its dependence on Russian hydrocarbons....

651. Satellite images appear to show Russian ships 'stealing' Ukrainian grain

Russia's theft of Ukrainian grain appears to be ramping up as it continues its war on the country, according to new satellite photos of the Crimean port of Sevastopol....

652. Cyprus exports up by 55% in Jan-Feb 2022

Total exports of goods to the EU Member States and to third countries in January - February 2022 increased by 55.2%, compared to the same period last year, according to the monthly report published by the Statistical Service of Cyprus. ...

653. EU Energy Commissioner: 'Cyprus has enormous potential in terms of solar and wind energy production.'

In the wake of rising energy costs due to Russia's invasion of Ukraine, Kathimerini sits down with EU Commissioner for Energy, Kadri Simson, to discuss the EastMed pipeline, Europe's push toward Green energy and the potential for Cyprus to ensure its citizens both affordable prices and energy security by developing solar and wind power....

654. ‘Chariots of Fire’ composer dies at 79

Vangelis, the Greek composer whose rousing electronic theme music for the Oscar-winning 1981 film “Chariots of Fire” became one of the most loved movie scores, has died at the age of 79....

655. Cyprus to investigate billionaire’s missing millions

A lawyer for a Jewish billionaire says he is confident Cypriot authorities will investigate a complaint into whether a former Israeli army officer embezzled his client’s money on the island...

656. Moscow won't open Ukrainian ports for grain export unless sanctions are reviewed

Moscow said on Thursday that sanctions on Russia would have to be reviewed if it were to heed a U.N. appeal to open access to Ukraine's Black Sea ports so that grain could be exported, according to an Interfax news agency report....

657. K. Treppides & Co Ltd: Digitalization of the Global Tax Administration

In the era of the coronavirus pandemic, the digital revolution, and the ever-evolving globalization, the digitalization of the tax administration seems to be a one-way route. But what exactly is the digitalization of the tax administration and how this will affect the tax function around the globe?...

658. Thousands of Britain's 'fish and chip' shops could close within a year

The United Kingdom's fish-and-chip shops are under severe strain as the prices of key ingredients — including cod and cooking oil — soar as a result of the Russian assault on Ukraine....

659. Biden praises Greek position over war in Ukraine

US President Joe Biden has thanked Greek Prime Minister Kyriakos Mitsotakis for Athens’ 'moral leadership' following the Russian invasion in Ukraine in late February...

660. Confidence in Parliament, the state, the army and the Church has declined

Citizens' trust in institutions has declined, according to the results of a poll taken in Nicosia on Tuesday regarding current issues, conducted by the Association of Polling Companies and Market Research of Cyprus (SEDEAK)....