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661. Dr. Anastasatos forecasts bright future for Cyprus economy

Eurobank group's chief economist, Dr Tasos Anastasatos, expresses optimism about the Cyprus economy, emphasizing that the decision to expand the group's banking presence in Cyprus is linked to these positive economic prospects....

662. Houthi strikes send prices soaring in global trade

In recent weeks, the developments in the Red Sea, with the Houthi attacks on commercial ships and their impact on global trade, have dominated the discussions of suppliers with their partners....

663. USA: Detroit unveils groundbreaking electric charging road

Detroit has reportedly unveiled new technology beneath its streets after a year of waiting, with electric vehicles able to get a boost that could ultimately make range anxiety a thing of the past....

664. Companies grapple with soaring fines amidst regulatory confusion

There's a significant issue with hefty fines hitting companies hard – we're talking about a daily hit of €100. The crux of the matter lies in a bureaucratic mix-up regarding the accurate records of company ownership, managed by the Company Registrar....

665. Trimiklini scandal unveiled: 15-year licensing nightmare shakes state agencies

The Control Committee of the Parliament heard an outcry from the state services, who took almost 15 years to act on a series of illegal activities......

666. EY Cyprus releases the Cyprus Tax Facts Guide 2024

EY Cyprus is delighted to announce the release of the latest edition of the Cyprus Tax Facts guide for the year 2024....

667. Trimiklini businessman traps officials and police in illegal fish farm raid

A Trimiklini businessman allegedly diverted water from the Kouris River to illegal fish farms, according to an Audit Office report. On September 19, 2023, he verbally abused, assaulted, and trapped Fisheries Department officials who came to inspect his facilities....

668. Home building costs up by 20%, insights for buyers

Geopolitical developments, marked by conflicts in Ukraine and Gaza, have led to a notable surge in house prices, revealing a 20% increase in construction costs since 2019,...

669. London Airbnb offers 'Snore and Explore' tents for £38/night

In a bid to tackle London's escalating rental prices, an enterprising Airbnb owner is providing an unconventional accommodation option......

670. Deloitte’s Tax Facts 2024

671. Cofounder, CEO, philanthropist, and now cowboy

The Meta chief's new addition to a list of titles comes as he revealed his latest venture is livestock farming....

672. Christodoulides' strong message: Ignore sirens, focus on governance

The swearing-in and assumption of duties of the new ministers and officials of the government took place today (10/01), at the Presidential Palace....

673. South Korea bans dog meat in landmark legislation that ends centuries-old practice

South Korea's parliament passed a bill on Tuesday to ban the eating and selling of dog meat, a move that will end the controversial centuries-old practice amid growing support for animal welfare....

674. Cyprus and UK businesses join forces in new strategic partnership

The Cyprus Organization for Standardization and the Great Britain-Cyprus Business Association (GBCY) have announced a new strategic collaboration....

675. January Newsletter of K. Treppides & Co Ltd: EIOPA

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. A newsletter issue from Treppides is an essential tool for those who are engaged in the broader financial and business sector, as one can find through the pages all the important and current developments, as well as the latest news relating to financial, audit and assurance, tax as well as legal services....

676. Missiles filled with water spark corruption scandal

China's army fielded missiles filled with water instead of fuel and arrays of silos with improper lids — examples of military corruption that led to a dramatic purge of top officials, Bloomberg reported, citing US intelligence....

677. 79% jump in consumer complaints this year

In a substantial leap from 2022, the Cyprus Consumer Association reports a noteworthy spike in four complaint categories in 2023....

678. Elon Musk's late SpaceX meeting sparks concerns over drug use

Elon Musk's usually dynamic SpaceX meetings took a bizarre turn recently, as the CEO arrived fashionably late, only to deliver a rambling and incoherent speech that left executives privately questioning his state of mind, according to The Wall Street Journal....

679. Cyprus tax reform targets green initiatives and economic revitalization

By March 2024, the initial six phases of the tax transformation project commissioned by the Ministry of Finance to the Centre for Economic Research of the University of Cyprus will conclude,...

680. CIFA projects optimistic 2024 for Cyprus investment funds amid challenges

The Cyprus Investment Funds Association (CIFA) has expressed optimism for the Investment Funds sector in Cyprus in 2024, projecting another positive year despite existing challenges and uncertainties, according to a press release. ...

681. Journalism is (also) a job like any other

Since 2009, when I began working full-time in this field, I've observed the media landscape in Cyprus undergo multiple crises. From the advertising downturn following the 2008 global financial crisis—which didn't directly impact Cyprus—to dwindling sales due to the rise of the internet and social media, and further exacerbated by the banking sector's subsequent turmoil and business closures....

682. Trump-linked companies receive $7.8M from 20 governments

In a groundbreaking report released yesterday by Democratic lawmakers, a comprehensive 156-page document titled "White House for Sale: How Princes, Prime Ministers, and Premiers Paid Off President Trump" has brought to light a complex web of financial transactions....

683. UN Chief expresses concern over deepening divide in Cyprus

''It becomes clearer with every passing year that the divide between the sides is growing, gradually eroding the prospects of finding a mutually acceptable political settlement''...

684. EU implements new VAT transparency rules targeting e-commerce fraud

The EU’s new transparency rules against Value-Added Tax (VAT) fraud have come into effect starting on January 1st, the European Commission has announced....

685. Halloumi exports drop by 10% amid ongoing dairy industry crisis

With a request to lift the decree 332/2023 of October 20th, for an increase in the percentage of goat-sheep milk to 19%, the cheesemakers are going to the Presidential Palace......

686. Are seasonal sellers really hot or cold?

Stephanos Koursaris, the Secretary-General of the Pancyprian Organization of Craftsmen, Professionals, and Shopkeepers (POVEK), spoke on 'SPOR FM 95.0' and the show 'DIASPORA NEWS' about the movement of markets during the holidays and the discounts. ...

687. Cyprus grapples with lingering private debt woes

In Cyprus, the European Commission consistently highlights the significant economic challenge of private debt through regular post-program or post-memorandum reports....

688. New details emerge in Menendez's Qatari bribery allegations

In a complex legal saga, U.S. Senator Bob Menendez finds himself ensnared in deeper troubles as fresh allegations unfold....

689. Deputy PM and MP deny explosive bribery claims

In a shocking turn of events, a bribery scandal has erupted in the Turkish Cypriot government, implicating the deputy prime minister and a board member of the development bank....

690. Cyprus makes the cut in new tax-friendly nations list

In a recent announcement, the Ministry of Finance shed light on the revised list of countries enjoying preferential tax status under the Independent Authority for Public Revenue of the Hellenic Republic (IAEA)....