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451. Temporary truce in the healthcare sector as December showdown looms

A temporary truce has been reached in the healthcare sector following the 48-hour doctors' strike....

452. Cypriot teens top Europe in vaping

According to a report by Hector Georgiou, a recent ESPAD survey showed that Cypriot teenagers are among the top users of e-cigarettes in Europe....

453. Petrolina acquires Esso in Cyprus for €48.6 million

Petrolina (Holdings) Public Limited (PHL) has successfully acquired ExxonMobil Cyprus Limited (EMCL), the company behind the Esso brand in Cyprus, for €48.6 million. ...

454. U.S. moves forward with $680 million arms deal to Israel

The Biden administration is moving forward with a $680 million arms deal with Israel, even as a U.S.-brokered ceasefire takes hold between Israel and Hezbollah in Lebanon. ...

455. Cyprus secures €115 million in second payment under EU recovery plan

Cyprus has received its second payment under the EU's Recovery and Resilience Facility (RRF), with €115 million granted after successfully fulfilling 37 out of 38 agreed milestones....

456. Fake Ariel detergent scheme busted in Europe

Latvian authorities have uncovered a large-scale counterfeiting operation involving Ariel laundry detergent, accusing two Lithuanian citizens of producing and distributing fake products across Europe....

457. Cyprus and Greece forge closer ties in historic meeting

President Nikos Christodoulides described the second intergovernmental meeting between Cyprus and Greece as a historic milestone. For the first time, 14 Greek Cabinet ministers joined their Cypriot counterparts in Nicosia, reflecting the deepening collaboration between the two nations....

458. 200 foreign companies and 1,200 new jobs in Cyprus in six months

Cyprus is experiencing a surge in foreign investment, with approximately 200 international companies establishing operations in the country during the first half of the year. ...

459. Government faces labor strikes as key sectors demand action

Cyprus is grappling with escalating labor unrest in its most crucial industries, as healthcare, construction, and tourism workers push for long-standing demands. ...

460. Spain fines Ryanair and other low-cost airlines €179M for abusive practices

Spain's Ministry of Consumer Affairs has slapped five major low-cost airlines with hefty fines totaling €179 million for a range of alleged abusive practices, including charging extra fees for hand luggage. ...

461. Cyprus steps up efforts to protect vultures with marked power lines

In a bid to protect Cyprus’ endangered vultures and other large bird species, the Game and Wildlife Service and the Cyprus Electricity Authority (CEA) have teamed up to mark 12.5 kilometers of overhead power lines....

462. Israeli Embassy slams ICC's arrest warrants for Netanyahu and Gallant

In a strong rebuttal to the International Criminal Court's (ICC) recent arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant, the Israeli Embassy in Cyprus accused the court of undermining its own credibility and legitimacy....

463. Primary residence and the benefit of 5% reduced VAT rate

Nowadays having your own permanent residence is a must, however the cost for the acquisition or construction of a house/apartment has significantly increased in the last few years....

464. EIB President Nadia Calviño to visit Cyprus for talks and office opening

Nadia Calviño, the President of the European Investment Bank (EIB), is set to make her first official visit to Cyprus on Friday, November 22, where she will open the new EIB Group office and hold talks with Cypriot leaders....

465. Cyprus to tighten rules for migrants who commit crimes

Cyprus is reviewing its rules for handling migrants who have special protection but commit serious crimes, according to a report by Kathimerini's George Kakouris....

466. FT: How oil and gas companies hide methane emissions, threatening climate goals

Methane, a potent greenhouse gas, is quietly driving climate change while remaining hidden from view. The oil and gas industry is among the largest contributors to this problem, with companies using various methods to obscure the true scale of their emissions. Here's what you need to know....

467. Cyprus tourism hits new highs, October sets record

Tourism in Cyprus continues to shine in 2024, with arrivals nearing 3.73 million between January and October, marking a 4.6% annual increase. This figure also slightly surpasses the same period in 2019, a record-breaking year for Cypriot tourism, showing a 0.81% rise....

468. Cyprus in mourning as four young lives lost in weekend crashes

Cyprus was left in shock on November 17 after two tragic road accidents claimed the lives of four young people, leaving a nation grieving and demanding answers, according to 24News' Stella Markou....

469. Sklavenitis to revamp Papantoniou supermarkets across Cyprus

In September 2025, the Sklavenitis Cyprus network will officially complete its acquisition of Papantoniou Supermarkets, a move that will significantly reshape the local retail landscape, according to Kathimerini's Dorita Yiannakou....

470. KPMG Cyprus unveils: KPMG Cyprus Real Estate Market Report Insights-13th edition

The pipeline of real estate projects in Cyprus continues to expand in 2024, with residential developments leading the way. Market liquidity appears to be improving, with Limassol dominating the overall market and the high-end residential segment for 2023 and the first half of 2024....

471. Cyprus' Anti-Corruption Authority's major investigations near completion

The Independent Anti-Corruption Authority of Cyprus is making waves as it tackles high-profile investigations into alleged corruption, including the controversial ''gold passports'' scheme, claims of a ''state mafia,'' and other issues....

472. November Newsletter of K. Treppides & Co Ltd - 15/11/2024

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

473. Laiki Bank liquidator raises €90.8 million for depositor compensation

According to a report by Panayiotis Rougalas in this Sunday's Kathimerini, the liquidator of the former Laiki Bank, Avgoustinos Papathomas, has achieved a key milestone in efforts to compensate creditors, particularly depositors who lost money during the bank’s 2013 collapse....

474. Turkey raises concerns over U.S. presence in Cyprus

Turkish pro-government media are increasingly discussing the ''replacement'' of the British Bases (SBA) in Cyprus by the United States and the ''encirclement'' of Turkey by America, citing US bases in Alexandroupolis, Larissa, Crete, and Cyprus. ...

475. Cyprus economy grows by 3.9% in Q3 of 2024

Cyprus’ economy recorded a strong performance in the third quarter of 2024, with GDP growth reaching 3.9% in real terms compared to the same period in 2023, according to data released on Thursday by the Cyprus Statistical Service....

476. ARIS │ A REALLY INSPIRING STORY is looking to cultivate new stories of success

477. Cyprus’ floating LNG unit 'Prometheus' finally sets sail from Shanghai

After months of delays linked to the Vasilikos scandal, Cyprus' Floating Storage and Regasification Unit (FSRU) 'Prometheus' is finally set to leave Shanghai in early December. ...

478. Lois Builders slams contract termination, cites mismanagement and delays

Lois Builders Ltd. has issued a statement in response to the recent termination of its contract for the Fishing Reserve and Liopetriou River project, calling the move ''unprecedented.''...

479. Cyprus competes on global stage in sommelier competition

Cyprus recently participated in the prestigious “Best Sommelier of Europe, Africa, and the Middle East” competition, held in Belgrade, Serbia. Representing Cyprus was award-winning sommelier Iwona Hereda,...

480. Yet another contractor gets axed over major project delays

Cyprus’s Ministry of the Interior has terminated the employment of the engineer and contractor for the Liopetri Fishing Shelter and River Restoration Project due to long-standing delays and unmet contractual obligations, according to an announcement by the ministry....