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421. Fikardos Winery: Crafting award-winning Cypriot wines

422. Cyprus joins European effort to combat desertification in rural areas

Cyprus participates in a new project aimed at combating desertification in rural areas of Southern Europe and Northern Africa, the Cyprus Institute said in an announcement on Thursday....

423. Reflect Festival highlights traffic and housing challenges in Limassol

The recent Reflect Festival brought forth crucial discussions on pivotal issues affecting Limassol, prominently featuring traffic congestion and housing shortages as central topics. ...

424. Politico: Is Brexit's peak over? UK faces calls to rejoin EU

British voters are gearing up for their first post-EU general election this Thursday, marking a significant milestone since Brexit....

425. CBC to keep dividends low despite bank profits

The increased profitability of Cypriot banks, will not affect the supervisory authorities’ views over the necessity to maintain a prudent policy with respect to banks’ dividend payments, the Central Bank of Cyprus said in its annual report for 2023, published on Wednesday....

426. Dior bags assembled for €53, sold at €2,600

Italian authorities have uncovered stark realities behind the glitz of fashion catwalks and luxury boutiques during recent raids on local factories and workshops involved in the production of Dior and Armani handbags....

427. ECB concerned over Cypriot bank profit tax proposal

In 2023, Cypriot banks reported unprecedented profits, marking a 15-year high, with projections suggesting even greater earnings in 2024....

428. Fitch elevates Hellenic Bank’s credit rating

Fitch Ratings has upgraded Hellenic Bank's Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+', with stable outlook and its Viability Rating (VR) to 'bbb-' from 'bb+'. ...

429. Cyprus and U.S. celebrate strengthened ties at U.S. Independence Day event

The 248th anniversary of U.S. Independence was marked with a grand celebration hosted by the U.S. Embassy in Nicosia on Tuesday evening....

430. President announces €10 Million boost for Cyprus tourism

President Nikos Christodoulides announced a €10 million increase in the 2025 budget for the Deputy Ministry of Tourism to enhance Cyprus's international promotion....

431. Great Sea Interconnector study outlines benefits July 11

The Greek Regulatory Authority for Energy (RAAEU) has made a significant decision regarding the methodology for calculating the regulated revenue......

432. Cyprus higher education sees doubling of student enrollment over past decade

Health Minister Michalis Damianos praised the dramatic growth of Cyprus' student population during a graduation ceremony at the University of Frederick in Nicosia on Friday....

433. How Russian LNG still powers Europe despite sanctions

The Yakov Gakkel LNG tanker plays a crucial role in maintaining Europe's gas supply, transporting liquefied natural gas (LNG) from Siberia to European terminals....

434. Zero VAT on essential goods until September 2024

Cyprus' Tax Department has announced a zero rate of Value Added Tax (VAT) on essential goods until September 30, 2024, following a decree issued by the Cabinet. This measure aims to alleviate financial burdens on consumers amid economic challenges....

435. Is Larnaca the new Limassol?

Larnaca is dynamically emerging as a key player in investments and major developments, making significant strides in recent years and capturing a new image....

436. Banks contribute over €854M in taxes amid controversy over proposed levy

In the last seven years (2017-2023), Cypriot banks have collectively paid more than €854 million in income tax, special taxes, and VAT, according to a report by Panayiotis Rouglas in last Sunday's Kathimerini....

437. Why building a home is rare today

As discussed in our previous article, the housing landscape in our country is changing, with home ownership rates decreasing and aligning with the European average. ...

438. National Rally wins first round in France's parliamentary elections

In a decisive first round of voting, Marine Le Pen's far-right National Rally (RN) emerged as the front-runner in France's parliamentary elections......

439. New era in Cyprus local governance begins with 20 new municipalities

Cyprus is undergoing a significant local government reform aimed at enhancing service quality, financial and administrative autonomy, and transparency. ...

440. Tatar to discuss new crossing with UN in London

The issue of opening a new crossing point in Mia Milia to enhance contact between the two communities will be raised at his 1 July meeting in London......

441. Turkish navy monitors Italian cable-laying in Cyprus' EEZ

The Turkish Navy is keeping a close eye on the work of the Italian vessel Teliri, which is to lay telecommunication cables within Cyprus’ exclusive economic zone (EEZ) that will stretch to Greece and then to Italy. ...

442. ICT sector powers Cyprus' economic growth

Almost all of the productivity growth in Cyprus' economy over the past three years can be attributed to the Information and Communication Technology......

443. Rentals rise as home ownership trends change

Around 20-25 years ago, Cyprus was renowned for having one of the highest rates of home ownership globally, with figures nearly reaching 78% - 80%, as per the data available then....

444. Global giants eye battery storage project in Cyprus

Major global companies like Tesla and Samsung have expressed interest in developing a battery-based electricity storage system in Cyprus, according to Minister of Energy, Trade, and Industry George Papanastasiou. ...

445. DSV and UNICEF announce partnership to increase access to essential supplies for children worldwide

The new strategic partnership will provide rapid emergency responses while strengthening national supply chains....

446. Cyprus to inaugurate Space Research and Innovation Centre

A significant milestone in space research and exploration will be marked on Wednesday with the inauguration of the Cyprus Space Research and Innovation Centre (C-SpaRC) in Nicosia. ...

447. Cyprus and US tighten ties, visa-free travel and arms deals on the horizon

According to a report written by Yiannis Ioannou, the consolidation of Cyprus-US strategic cooperation and the conclusion of a strategic dialogue agreement have significantly deepened Cypriot-US relations at a critical time,...

448. Standard & Poor’s upgrades Bank of Cyprus rating

Standard & Poor’s (S&P) has upgraded Bank of Cyprus’ long-term issuer rating to BB+, just one notch below investment-grade status, and assigned a positive outlook. This comes shortly after the upgrade of Cyprus’ long-term rating to BBB+, also with a positive outlook....

449. PwC Cyprus is strengthened with new partners

As PwC Cyprus continues its successful re-invention and shift to a new business model, fit and relevant for the new market conditions and opportunities, ...

450. Cyprus to sell €1 billion bond after improved credit ratings

The Republic of Cyprus is expediting its return to the financial markets, seeking to leverage recent credit rating upgrades by Fitch and Standard & Poor's......