In central Poland, robots replace people as minimum wage rises
Henryk Kaminski has responded to a hike in Poland’s minimum wage by automating some roles at his family’s plastics factory, illustrating the risks of a...
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UK watchdog tells markets: be ready in case of no-deal Brexit
Financial firms in Britain should be ready in case no trade agreement is struck with the European Union by December, a senior UK regulator said...
Trade deficit increases in first ten months of 2019
Cyprus’ trade deficit recorded an increase during the first ten months of 2019, data released by the Cyprus Statistical Service on Wednesday show. In particular,...
Accountants urged to exercise caution over citizenship applications
The Institute of Certified Public Accountants (Selk) has urged its members to thoroughly examine the background of clients who apply for citizenship, issuing a directive...
Spanish olive growers claim first victory against U.S. duties
Spanish olive growers have claimed an important victory in a U.S. court, which could help lift some of the duties imposed by President Donald Trump’s...
EIB set to keep tight Turkey restrictions in place (update 2)
The European Union’s lending arm, the European Investment Bank, expects to keep its lending heavily restricted in Turkey this year, as an EU row with...
Minister under fire for rising pump prices
Taking flak from several quarters, Energy Minister Giorgos Lakkotrypis sought on Tuesday to downplay coming price hikes on automotive fuel after he ordered fuel companies...
Ten year tourism strategy seeks to boost revenue
The ten-year national tourism strategy 2020-2030 will bring a 30 per cent increase in revenue and see yearly arrivals reach up to 5.15 million in...
Bank union lashes out at Sek for poaching members
Banking union Etyk complained on Monday that other trade unions were attempting to poach members from them. Etyk was responding to a decision last week...
‘One-stop’ licensing shop for investors to end ‘malaise of the past’
Interior minister Nicos Nouris on Monday pledged that a new and swifter licensing system for ‘strategic investments’ will make Cyprus an attractive place for foreign...
BoC and Hellenic banks expected to sell €4b worth of bad loans
The two biggest banks are expected to offload around €4 billion in non-performing loans (NPLs) in the coming months, central bank governor Constantinos Herodotou said...
Apple’s Cook says global corporate tax system must be overhauled
Everyone knows that the global corporate tax system needs to be overhauled, Apple Chief Executive Tim Cook said on Monday, backing changes to global rules...
Jordan parliament passes draft law to ban gas imports from Israel
By Suleiman Al-Khalidi Jordan’s parliament on Sunday approved a draft law to ban imports of Israeli gas to the country just days after they started...
Energean says proposal to supply gas still in force
Energean’s proposal to supply gas to the Cyprus through a pipeline from Israel remains in force, the company said in a statement on Sunday. According...
Turkey announces new drilling, dismisses East Med Gas Forum initiative (Updated)
Turkey announced on Friday it would start a new drilling off Cyprus in a new target dubbed as ‘Lefkosia1’. The drilling was announced by Turkish...
Minister to hear used car dealers’ grievances
The transport minister will be meeting with the association of imported used cars in the coming days to discuss subsidy plans, it emerged on Wednesday....
Finance minister satisfied over double bond issuance
Finance Minister Constantinos Petrides said on Tuesday he was satisfied with the double bond issuance which will meet Cyprus’ borrowing needs and repay an International...
Cyprus aims for top 30 tourism slot by 2030 says minister
The tourism ministry aims by 2030 to place Cyprus among the 30 most competitive countries in the world from the 44th position it currently occupies,...
NPLs fall to just under 30 per cent of all loans
Non-performing loans (NPLs) dropped by around €1.4 million on a monthly basis in August last year, the central bank (CBC) said on Tuesday, as the...
More than 400,000 German jobs at risk in switch to electric cars
The shift to electric vehicles could cost 410,000 jobs in Germany by 2030, daily Handelsblatt reported on Monday, citing government advisers. In engines and transmissions’...
