PENSION REFORM BILL ENTERS FINAL STAGE AS GOVERNMENT SEEKS CONSENSUS

PENSION REFORM BILL ENTERS FINAL STAGE AS GOVERNMENT SEEKS CONSENSUS - Cy Mail 30/7 by James Morphakis


The bill to reform Cyprus’ pension system is to enter its final drafting stage next week after Labour Minister Marinos Mousiouttas meets Finance Minister Makis Keravnos next Wednesday to settle the remaining financial aspects before the bill is released for public consultation.

On Thursday, Mousiouttas said the draft bill should be completed by the end of next week, after which it will be presented to trade unions, employers’ organisations and political parties before reaching the House.

SATELLITE TRACKERS TO FOLLOW TWO CYPRUS SEA TURTLES ACROSS THE MEDITERRANEAN

SATELLITE TRACKERS TO FOLLOW TWO CYPRUS SEA TURTLES ACROSS THE MEDITERRANEAN - in-cyprus 30/7


MedTRACS (Mediterranean Turtle Research and Conservation Society) has fitted satellite transmitters to two marine turtles that nested at Lara Beach this summer, launching a new initiative to track their journeys across the Mediterranean.

The Cyprus-based non-profit organisation attached the transmitters in June, working with the Sea Turtle Conservancy, to one green turtle (Chelonia mydas) and one loggerhead turtle (Caretta caretta), as part of a joint effort to better understand how Cyprus’ marine turtles move around the Mediterranean.

ANOTHER CRITICAL ROUTE FOR OIL IS IN DANGER OF BEING CLOSED, AND IT IS IN EUROPE

ANOTHER CRITICAL ROUTE FOR OIL IS IN DANGER OF BEING CLOSED, AND IT IS IN EUROPE - Filenews 30/7


By Javier Blas

To paraphrase Oscar Wilde, if you miss a critical waterway it can be considered a misfortune, if you lose two it shows carelessness. Of course, we have long since passed the stage of carelessness and are now speeding towards disaster, with three sea routes already lost (the Strait of Hormuz, the Black Sea ports and the Red Sea's Bab el-Madeb) and a fourth waterway ready to be added to the list: the mighty Rhine.

The river, which extends into northwestern Europe, does not have the geopolitical significance of those straits that we have been reading lately in the headlines. However, it is equally vital, as it serves as a transmission line connecting chemical plants, oil refineries, steel mills, coal-fired power plants, and other industrial facilities throughout Switzerland, Germany, and France to Dutch ports. BASF SE, the German chemical giant, describes its significance with some exaggeration: "Without the Rhine, industrial production in Western Europe would collapse."

SIX NEW ALLOWANCES IN THE gov.cy's DIGITAL SERVICE

SIX NEW ALLOWANCES IN THE gov.cy's DIGITAL SERVICE - Filenews 30/7


Six additional social benefits and allowances have been added to the digital service "Find benefits you may be entitled to", bringing their total number from 45 to 51.

THE NEW THREATS - FROM THE MIDDLE EAST TO WATER SCARCITY

THE NEW THREATS - FROM THE MIDDLE EAST TO WATER SCARCITY - Filenews 30/7 by Theano Thiopoulou


The deterioration of the geopolitical environment in the Middle East, climate change, cyber threats and recent changes in the legal framework of foreclosures make up the main scenario of risks to the financial stability of Cyprus, according to the Financial Stability Report of the Central Bank of Cyprus, published on Tuesday.

Overall, the report concludes that the Cypriot financial system remains strong and adequately shielded, yet the external environment continues to be characterised by increased uncertainty and emerging risks.

REVENUES FOR EACH MUNICIPALITY - MORE DEPENDENT ON THE STATE NOW

REVENUES FOR EACH MUNICIPALITY - MORE DEPENDENT ON THE STATE NOW - Filenews 30/7 by Charalambos Zakos


The reform of Local Governmentwas carried out in order to reduce the dependence of the Municipalities on the state, however, all the numbers show that, with the implementation of the reform, not only did the dependence not decrease, but it increased and no one seems to realize it or at least want to admit it.

Following previous reports by "F" regarding the reform, today we present the revenues of each Municipality in 2025. The revelation of the case is that, according to the data we obtained, the percentage of state sponsorship on the revenues of the Municipalities, instead of decreasing, has increased and even by many points.

TRADE, TOURISM AND REAL ESTATE ARE THE MOST VULNERABLE SECTORS IN CYPRUS

TRADE, TOURISM AND REAL ESTATE ARE THE MOST VULNERABLE SECTORS IN CYPRUS - Filenews 30/7 by Theano Thiopoulou


Businesses operating in the trade, tourism and real estate sectors, as well as low-income households, remain the most vulnerable links of the Cypriot economy, in the face of geopolitical turbulence, inflationary pressures and increased energy costs.

Despite a significant improvement in corporate and household balance sheets and an increase in bank lending, the Central Bank of Cyprus warns that the uncertain international environment continues to pose risks to financial stability.