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91. Profit distribution for players in classes A and B increased by 22%

Total gross revenue (pay-in) from class A and class B bookmakers amounted to 267.6 million in the first quarter of 2023 marking an increase of 21% compared with the respective quarter of last year, National Betting Authority (NBA) has said....

92. €10 banknote most counterfeited bill in Cyprus

In a recent annual report, the Central Bank of Cyprus shed light on the prevalence of counterfeit bills and coins circulating in the country. The report, according to an article on Philenews, highlighted the €10 banknote as the most counterfeited bill, making up 40.8 percent of the total counterfeit pieces....

93. Bank of England raises interest rates to 5%

The Bank of England has raised interest rates by a half point to 5% as part of its efforts to combat high inflation and rising mortgage costs. ...

94. Cyprus farmers voice alarm over plant protection regulation

The European Commission is addressing farmers' concerns regarding the proposed regulation on plant protection in the European Union. They assure that the implementation of the new rules will be gradual, aiming to minimize any impact on production and food prices....

95. AUB Mediterraneo Paphos: Shaping the future of education in the Mediterranean

As the anticipation builds for the opening of the American University of Beirut - Mediterraneo in Paphos scheduled for September 2023, Kathimerini had the privilege of sitting down with Philip S. Khoury,...

96. Backlash over Cyprus' VAT refund change

The recent decision made by the Department of Customs to raise the expenditure limit for VAT refunds to third-country travelers visiting Cyprus is receiving criticism for its adverse effects on tourism expenditure....

97. Spain and Poland withdraw from joint military exercise

In a surprising turn of events, Spain and Poland have decided to withdraw from a joint military exercise involving Turkey and the Pseudo-Communist state. ...

98. Al Jazeera case to be refiled as court reshuffling halts proceedings

Next week, the criminal case related to the Al Jazeera media network's reporting and events surrounding the exceptional naturalization of foreign investors and businessmen will be refiled based on the findings of the Nicolatos Committee, as reported by CNA....

99. USA: Child labor seen as solution to labor shortage

Lawmakers in several states, predominantly Republicans, are pushing for legislation that would relax labor laws for children, allowing them to work in more hazardous occupations, longer hours on school nights...

100. It's surprising how little was frozen

Upon his arrival at Larnaca airport last Wednesday, Justice Commissioner Didier Raeder brought with him two pressing questions. Firstly, how is it that a country like Cyprus, which has been heavily infiltrated by Russian capital for several years, has only managed to freeze a mere 104 million euros worth of assets belonging to oligarchs under EU sanctions?...

101. Commissioner in Cyprus to probe Russian asset freeze

Commissioner Reynders will request information on the total value of the assets of 'Russian oligarchs' in Cyprus that have been frozen by the authorities he told Cyprus News Agency in an interview, noting that so far, according to official figures 104 million euros in assets have been frozen, which is considered a low amount...

102. Deutsche Bank to slash 800 jobs as part of new cost-cutting initiative

Deutsche Bank to cut 800 jobs in a new cost-saving drive after reporting a bigger-than-expected rise in profit for the first quarter, a volatile period globally for finance companies....

103. Higher prices for Easter meat: Lamb sees a 25% increase, beef up by 15%

A year ago, reports described Easter dinner as the most expensive in four years. This year's prices are expected to surpass that record, according to the first data from the Easter Price Watch gathered by K and soon to be published by the Consumer Protection Agency....

104. Turks cry foul over Cypriot army link to New Jersey

Ankara says it will 'never allow any harm to come to the Turkish Cypriots' while condemning US policy towards Cyprus, including an agreement last week between Greek Cypriot and New Jerseyan armies on a program viewed as a potential precursor to NATO...

105. Protests continue as Macron stands firm on pension reform

French workers angry with President Emmanuel Macron and his plan to raise the pension age blocked access to a terminal at Paris' main airport on Thursday as part of a nationwide day of protests, forcing some travelers to get there on foot....

106. Four Cypriot companies exposed to SVB and Signature Bank fallout

Four companies licensed by the Cyprus Securities and Exchange Commission (CySEC) had deposited at Silicon Valley Bank and Signature Bank, the two US banks that failed, causing turmoil in the global economy....

107. HSBC buys failed Silicon Valley Bank in bid to stem fallout

Governments in the UK and the U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down....

108. 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....

109. Complaints against lawyers increased in 2022

There has been an increase in the number of complaints filed against lawyers, which have been reviewed by the Cyprus Bar Association's Disciplinary Council. ...

110. EU warns Hungary about moving its embassy to Jerusalem

Only a few days after Israeli media reported that the ministers of foreign affairs of Israel and Hungary had reached an agreement to move the Hungarian embassy in Israel from Tel Aviv to Jerusalem, the European Union authorities slammed such a plan....

111. President cancels order for state vehicles

The government has withdrawn the request pending before the parliamentary finance committee for the purchase of vehicles for state officials, the parliamentary finance committee said....

112. China proposes ceasefire in bid to save credibility

The West reacted with skepticism to China's proposal on Friday - the first anniversary of Russia's invasion of Ukraine - for a ceasefire, with NATO saying Beijing did not have much credibility as a mediator....

113. Cypriot president marks dark anniversary in Ukraine war

The Republic of Cyprus has condemned once again unequivocally the Russian invasion of Ukraine, and has called for the withdrawal of Russian troops from the country, on the occasion of the first anniversary of the beginning of the invasion...

114. Cyprus joins UN members calling on Russia to pull out

Cyprus joined a majority of UN nations that called for Russia’s immediate withdrawal from Ukraine, with Nicosia saying it had no other option due to its European orientation...

115. Thinking of investing in real estate? Don’t do it.

A lack of financial literacy can lead people to consider investing in direct real estate. This a provocative statement to say the least, so let me explain....

116. Secrets of the A380: What passengers never see

117. Cyprus at the crossroads

South African citizens/voters had two choices in deciding their country's future in 1990. The first option was to maintain the status quo, which would have resulted in a major civil war that would have destroyed the country and resulted in many deaths....

118. The first presidential election in Cyprus held in 1959

On December 13, 1959, the young Republic of Cyprus held its first presidential elections. Glafkos Clerides, who opposed his father John's candidacy and was accused of failing to follow the Christian commandment to "honor thy father and thy mother,"...

119. Wronged worker slams Cyprus over migration crisis

Thousands of asylum seekers in Cyprus were sent back to their countries last year but one foreign worker, who feels he has no good options following a dispute with his employer, says many people who come to work on the island are forced to seek asylum because the system is not in their favor...

120. 113.7% increase in counterfeit euro banknotes in 2022

In 2022, 451 counterfeit euro banknotes were removed from circulation in Cyprus, an increase of 113.7 percent over the previous year....