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571. Cypriot residents' travel spending hits €2.23 billion in 2023

Total travel spending by Cypriot residents, both within Cyprus and abroad, reached €2.23 billion in 2023, marking an 8.4% increase from 2022....

572. EU investigates TEMU over unsafe products and addictive tactics

The European Union is investigating the popular shopping app Temu over concerns that it may be allowing unsafe products on its platform and using potentially addictive features to keep users hooked. ...

573. Experts urge creation of Cyprus Digital Development Organization to drive reform

Cyprus has long sought to drive digital reform across various ministries, agencies, and central administration, but these efforts have largely fallen short....

574. Cyprus plans €10,000 cash limit to fight money laundering

According to Kathimerini's Pavlos Neophytou, the Cyprus government is considering a new law to cap cash transactions at €10,000 for buying goods and services, aiming to crack down on money laundering. ...

575. Cyprus gains investor confidence as economic reforms and US ties bolster growth

International investors have shown sustained confidence in Cyprus’ economy and business ecosystem, recognizing the country as a stabilizing force in the region......

576. Greek retailer Praktiker Hellas considers Cyprus expansion

The Greek home improvement chain Praktiker Hellas is exploring a potential expansion into Cyprus, according to Kathimerini's Dorita Yiannakou....

577. Ex-Transport Minister and associates headed for trial

Former Transport Minister Marios Demetriades and nine other individuals, including his relatives and two companies, are set for trial in Cyprus’ top court on charges linked to the controversial Cyprus Investment Programme (CIP)....

578. Investment opportunities by AstroBank

AstroBank has listed for sale large residential plots in Paphos and other building plots in Nicosia and Famagusta....

579. Euronet remains only bidder in delayed JCC sale

The process for the sale of JCC Payment Systems, which began confidentially over the summer, appears to have hit a "snag," with Euronet as the only prospective buyer. ...

580. Cyprus faces financial imbalance as assets fall short of liabilities

As of December 2023, Cyprus' economy is navigating a complex financial landscape, with total assets in financial instruments reaching €869 billion. However, the country also faces a notable financial shortfall, with liabilities exceeding assets by about €29 billion....

581. Countdown to Black Friday: Tips to avoid scams

As Black Friday approaches on Nov. 29, businesses worldwide are gearing up for significant sales events. Recognized as the unofficial start of the holiday shopping season in the U.S. since 1952, Black Friday is observed on the fourth Friday in November, the day after Thanksgiving....

582. Cyprus Foreign Minister optimistic about upcoming US meeting

Foreign Affairs Minister Constantinos Kombos has stated that the upcoming meeting between the Presidents of the United States and Cyprus in Washington will hold significant symbolic and political weight. ...

583. Why Musk sees Trump as America’s business fixer

Elon Musk, the high-profile CEO of Tesla and SpaceX, has emerged as a vocal supporter of Republican presidential nominee Donald Trump......

584. Cyprus to launch 'National Sanctions Unit'

Cyprus is set to establish a new National Sanctions Implementation Unit (NSIU) in the coming year, aiming to improve how financial sanctions are enforced in the country....

585. Champions and Rebels Unite!

586. Norway’s billion-dollar man says Americans ''just work harder'' than Europeans

Norway’s ''billion-dollar man'' Nicolai Tangen, who manages Norway’s $1.6 trillion sovereign wealth fund, says America’s success over Europe comes down to one simple factor: Americans work harder....

587. Germany: €60 billion budget shortfall rocks Europe's largest economy

Germany’s tax revenues are projected to fall nearly €60 billion short of earlier expectations over the next five years, intensifying budget challenges for Chancellor Olaf Scholz’s government and straining the already fragile three-party coalition....

588. Cyprus achieves first A-level credit rating in major milestone

Scope Ratings has upgraded Cyprus's credit rating to A- from BBB+, marking the country's first A-level rating from a major credit agency....

589. Zelenskyy’s ''Make Russia Small Again'' t-shirt sparks Kremlin fury

Ukrainian President Volodymyr Zelenskyy stirred up strong reactions from Moscow after wearing a T-shirt with the bold slogan, ''Make Russia small again,'' during his nightly address on Wednesday. ...

590. Lecture by Renowned Entrepreneur John Christodoulou at European University Cyprus

The School of Business of European University Cyprus (EUC), demonstrating its commitment to making a meaningful impact in the business sector and society, hosted a prestigious lecture featuring world-renowned London-based Cypriot-born entrepreneur, John Christodoulou....

591. FT: Dutch court rules Heineken must pay millions for Greek subsidiary violations

According to a report in the Financial Times, a Dutch court has ruled that Heineken is responsible for competition violations linked to its Greek subsidiary, Athenian Brewery, dating back to the 1990s. ...

592. Using AI to steal your homes from under your nose

The rise of artificial intelligence (AI) is changing the game for real estate scams, making it easier for criminals to pull off tricky schemes like deed theft....

593. The New Era of Accounting Services: A Complete Solution for CFOs

Comprehensive Solutions for CFOs in the Modern Accounting Landscape, in the fast-paced business world of today, strategic financial management has become increasingly critical....

594. Goodbye and thanks for all the halloumi!

I depart Cyprus after a little over two years as the British High Commissioner. What are my main reflections?...

595. CBC urges banks to show social responsibility despite sector’s strength

The Central Bank of Cyprus (CBC) released its annual Financial Stability Report for 2023 on Tuesday, indicating that the financial sector is overall strong and capable of handling unexpected challenges. ...

596. Cypriot citizens linked to $75 million money laundering probe in the French Riviera

French authorities have seized about $75 million worth of real estate and luxury cars in the French Riviera as part of a money-laundering investigation involving two Russian businessmen who hold Cypriot citizenship, according to a published report on the OCCRP.org website. ...

597. Putin urges Dollar ditch, but asks summit guests for Dollars and Euros

Russian President Vladimir Putin is leading efforts to reduce global reliance on the US dollar by promoting "de-dollarization" at a summit with over 20 world leaders. ...

598. President unveils €30 million plan to revitalize Troodos region

President Nikos Christodoulides has unveiled a comprehensive plan aimed at revitalizing the Troodos mountainous region, with more than 20 major projects and policy actions set to be implemented. ...

599. 18% of Cypriot businesses hit by cyberattacks in 2023

In 2023, nearly one in five businesses in Cyprus reported experiencing a cyberattack, according to a recent survey by the Cyprus IT Enterprises Association (CITEA)....

600. Bank of Cyprus shareholders moving at different speeds

CarVal Investors recently sold 3% of its 9.09% stake in Bank of Cyprus, sparking speculation that other shareholders may follow suit and sell their shares....