meeting

Our View: MPs, ’ ATM gripe undermines profitable business model

by
Our View: MPs, ’ ATM gripe undermines profitable business model

Deputies in Cyprus criticized banks for not having enough ATMs, especially in rural areas, during a House commerce committee meeting. The chairman of the committee stated that banks were lacking social responsibility and prioritizing profit over serving the community. Despite the criticism, banks explained that operating ATMs is costly and they plan to reduce them to improve profitability, which is necessary for a dynamic economy. The closure of the cooperative bank was also mentioned as a result of prioritizing social responsibility over profits.

Denmark agrees with Cyprus on Syria

by
Denmark agrees with Cyprus on Syria

Cyprus and Denmark discussed re-evaluating the status of specific areas in Syria. Danish official supports examining real facts in Syria to allow states to carry out returns under specific conditions. Interior Minister Ioannou suggested creating a group with European countries to prepare an official joint document on the Syrian issue. Ioannou will also meet with the interior minister of the Czech Republic in Prague.

Rate cut in Q3, after hot US CPI, says deVere boss

by
Rate cut in Q3, after hot US CPI, says deVere boss

The CEO of deVere Group predicts that the Federal Reserve will only cut rates once this year, with the next cut not expected until January 2025.

Koumis wants tourism cooperation with other countries

by
Koumis wants tourism cooperation with other countries

Fact: Deputy Minister of Tourism, Kostas Koumis emphasized the importance of international collaboration to overcome challenges facing the tourism sector during the 70th Session of the Europe Commission of the World Tourism Organisation (UNWTO) in Tirana.

Tamassos bishop claims he is being tarnished

by
Tamassos bishop claims he is being tarnished

Fact: Attempts have taken place to harm Tamassos Bishop Isaias, and the bishopric announced that they have full confidence in the ecclesiastical mechanisms and the police.

UoL calls primary teachers to take part in A.I. research

by
UoL calls primary teachers to take part in A.I. research

The University of Limassol (UoL) is conducting a research study on the use of A.I. in Primary Education, specifically focusing on the use of ChatGPT in teaching Greek Language at the primary level. The study aims to investigate the impact of A.I. tools on children’s engagement during lessons and their critical-thinking and text comprehension skills. Teachers interested in participating must teach Greek language at the fourth, fifth, or sixth-grade level and complete the participation form by April 12, 2024.

CIFA engages in constructive dialogue with the Cyprus Securities and Exchange Commission to propel the industry forward

by
CIFA engages in constructive dialogue with the Cyprus Securities and Exchange Commission to propel the industry forward

Fact: The Cyprus Investment Funds Association (CIFA) met with key executives from the Cyprus Securities and Exchange Commission (CySEC) to discuss regulatory advancements and collaboration in the funds industry in Cyprus.

Exiled Belarusian opposition leader in Cyprus

by
Exiled Belarusian opposition leader in Cyprus

Exiled Belarusian political opposition leader Sviatlana Tsikhanouskaya visited Cyprus and met with House president Annita Demetriou and the House foreign affairs committee. The European Union must play an active role in confronting dictatorial regimes, and the struggle for freedom and democracy in Belarus is also Cyprus’ struggle. Thousands of political prisoners have been taken hostage in Belarus, and Tsikhanouskaya thanked Cyprus for supporting Belarusians in their fight for democratic changes.

US consumer prices rise more than expected in March

by
US consumer prices rise more than expected in March

U.S. consumer prices rose more than expected in March due to higher gasoline and shelter costs, with the consumer price index increasing by 0.4%. Gasoline and shelter expenses made up over half of the CPI increase. In the 12 months leading to March, the CPI went up by 3.5%, surpassing the Federal Reserve’s 2% inflation target. Economists had predicted a 0.3% monthly increase and a 3.4% year-on-year increase. Despite a decrease from a peak of 9.1% in June 2022, the trend of disinflation has slowed recently. Some economists have postponed expectations for a rate cut to July, while others still believe the Fed may move in June. Fed Chair Jerome Powell has emphasized that there is no urgency to lower borrowing costs. The FedWatch Tool showed a 56.0% likelihood of a rate cut at the June 11-12 meeting. The core CPI, which excludes food and energy components, also rose by 0.4% in March and 3.8% over the 12 months ending in March.

Cabinet must , ‘do more’ for digital citizen app

by
Cabinet must , ‘do more’ for digital citizen app

President Nikos Christodoulides wants his cabinet to do more to bring to fruition the government’s “digital citizen” application, which aims to offer citizens state services in an evolutionary way. He announced the planned application in January and expects it to enter service in the second half of the year.