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2 weeks ago | 
cyprus-mail.com | Tom Cleaver |Constantinos Psillides |Johanna Pauls |Souzana Psara
Six in ten young people in Cyprus see finding a job as their biggest challenge, while a quarter are worried about the country’s future and one in five say starting a family is a serious concern, according to a new nationwide survey. These are the findings of the 6th Neo-Barometer, an annual survey by the Cyprus Youth Organisation (Onek), carried out on its behalf by the IMR research unit at the University of Nicosia. The results were presented at a press conference on Wednesday.
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1 month ago | 
cyprus-mail.com | Charalambos Stylianou |Elias Hazou |Eleni Philippou |Souzana Psara
Limassol-based maritime analytics firm KeelX launched on Monday a generative AI chatbot designed to support faster decision-making and improve operational efficiency across the shipping industry. According to the statement, KX-AI, is embedded in KeelX Analytics and enables users to query a range of topics including fleet performance, emissions management, market trends, regulatory developments and operational planning.
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1 month ago | 
cyprus-mail.com | Elias Hazou |Eleni Philippou |Charalambos Stylianou |Souzana Psara
Hellenic Bank has completed its latest voluntary exit scheme, with 154 employees departing the bank between February 17 and March 11. The initiative, which cost the group approximately €24.2 million, is expected to yield annual payroll savings of around €11.2 million. According to the bank’s annual report for 2024, the scheme was open to permanent staff across the bank, Pancyprian Insurance, and Hellenic Life Insurance, and took the form of a voluntary separation.
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2 months ago | 
cyprus-mail.com | Elias Hazou |Johanna Pauls |Souzana Psara
The ‘Money Conference 2025: Investment Outlook Opportunities & the AI Impact’, held in Nicosia this week, explored key investment prospects and the market impact of artificial intelligence. The conference, which was organised for the seventh consecutive year, attracted distinguished speakers from Cyprus and abroad, as well as leading executives from the financial, technology, and business sectors.
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2 months ago | 
cyprus-mail.com | Elias Hazou |Johanna Pauls |Souzana Psara
Deputy Minister of Tourism Kostas Koumis on Friday expressed optimism about Cyprus’ tourism sector in 2025. He pointed out that “strategic planning is essential” as the industry enters a new cycle with fresh challenges and evolving traveller expectations.
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2 months ago | 
cyprus-mail.com | Elias Hazou |Johanna Pauls |Souzana Psara
The Institute of Certified Public Accountants of Cyprus (ICPAC) and the Cyprus Institute of Internal Auditors (IIA Cyprus) renewed their agreement, reaffirming their commitment to good governance, transparency, and accountability. The Memorandum of Understanding (MoU) was signed by Kyriakos Iordanou, general manager of the ICPAC and IIA, president Aristodemos Yiannaka, further strengthening the strategic partnership between the two institutions.
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2 months ago | 
cyprus-mail.com | Johanna Pauls |Elias Hazou |Alix Norman |Souzana Psara
Deputy Minister for Shipping Marina Hadjimanolis, is set to visit Brussels to participate in the high-level roundtable, ‘Fisheries and Oceans Dialogues: Help Design the European Ocean Pact’. This follows an invitation from the EU Commissioner for Fisheries and Oceans, Costas Kadis. In preparation for Cyprus’ upcoming European Union Council presidency in early 2026, Hadjimanolis will hold key discussions with leading EU officials.
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2 months ago | 
cyprus-mail.com | Johanna Pauls |Elias Hazou |Alix Norman |Souzana Psara
The association of building contractors Oseok has warned that acute labour shortages in sectors like construction, tourism, and retail were stalling economic growth. As the supply of skilled and unskilled workers decreased, the impact on private and public projects was becoming increasingly severe, said Oseok. Although there are full employment conditions, Cyprus’ labour force was not meeting market demands, which were boosted by growth and a surge in tourism.
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2 months ago | 
cyprus-mail.com | Johanna Pauls |Elias Hazou |Alix Norman |Souzana Psara
Cyprus recorded the lowest rate of people working remotely in Europe in 2024, at just 22 per cent, a sharp contrast to the Netherlands, which topped the chart with 83 per cent. This information from Eurofound reveals significant differences in remote working opportunities across European countries, with a clear split gender.
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2 months ago | 
cyprus-mail.com | Johanna Pauls |Elias Hazou |Alix Norman |Souzana Psara
The Bank of Cyprus on Tuesday announced its preliminary financial results for 2024, reporting a profit after tax of €508 million. This marks a 4 per cent increase compared to the previous year, with €107 million earned in the fourth quarter alone. In addition, the bank reported that basic earnings per share stood at €1.14, up 5 per cent year-on-year.
