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571. Bank of England cuts interest rates after nearly a year of stability

The Bank of England (BoE) has cut interest rates for the first time since the start of the COVID-19 pandemic, dropping them from a 16-year high. This decision, made by a narrow 5-4 vote, reflects a split among policymakers about whether inflation is under control....

572. Turkish stray dog law ignites protests over threat of mass killings

Turkish legislators have approved a controversial law aimed at removing millions of stray dogs from the country’s streets, a move that animal rights activists fear could lead to widespread euthanasia or overcrowded shelters....

573. Cyprus sees significant uptick in new loans

In June 2024, new loans in Cyprus substantially increased, reaching €330.6 million, up from €234.9 million in May. Data from the Central Bank of Cyprus (CBC) show that total new loans, which include both new and renegotiated contracts, climbed to €514.9 million from €391.6 million the previous month....

574. Cyprus government rakes in over €424M in surpluses this year

Cyprus has reported a substantial budget surplus of €424.5 million for the first half of 2024, a huge increase from the €62 million surplus during the same period last year. ...

575. Vasilikos: Cyprus political figures and public officials to be summoned

The European Public Prosecutor's Office has launched an investigation into the construction contract of the Natural Gas Terminal (NGA) in Vasilikos, Cyprus....

576. Nicosia municipality embraces digital era, ends cheque payments

In a significant shift towards modernization, the Nicosia Municipality announced it will no longer accept cheque payments, urging residents to transition to electronic and card-based payment methods. ...

577. July Newsletter of K. Treppides & Co Ltd: European Securities and Markets Authority

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....

578. EU plans two-phase trade strategy if Trump wins presidency

Brussels is developing a two-phase trade strategy in response to the potential nomination of Donald Trump in the upcoming U.S. presidential election in November....

579. Greek firms fuel business expansion across Cyprus

The investment climate in Cyprus has significantly improved since the crisis era of 2013, attracting substantial interest from Greek companies....

580. EU probes Vasilikos terminal over misuse of funds

The European Public Prosecutor’s Office (EPPO) has launched an investigation into the liquefied natural gas (LNG) import terminal project in Cyprus, citing suspicions of public procurement fraud, misuse of EU funds, and corruption. ...

581. AstroBank acquires Neo Plaza in Kokkinotrimithia

The Neo Plaza of Kokkinotrimithia in Nicosia, an open commercial mall project in Cyprus that did not meet expectations, has been acquired by AstroBank....

582. Kyriacos Kokkinos appointed to European Institute of Innovation & Technology board

Kyriacos Kokkinos, Former Deputy Minister for Research, Innovation and Technology has been appointed by the European Commissioner for Innovation......

583. EU Prosecutor probes Vasilikos LNG project for fraud

The European Public Prosecutor's Office (EPPO) has launched an investigation into the Vasilikos liquefied natural gas (LNG) import terminal project in Cyprus, amid suspicions of public procurement fraud, misappropriation of EU funds, and corruption. ...

584. July Newsletter of K. Treppides & Co Ltd: Cyprus Securities and Exchange Commission

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....

585. EU reviews impact of Chinese exit from Vasilikos' LNG terminal

The European Commission is assessing the potential impacts on project funding following the withdrawal of a Chinese consortium from the construction of the LNG terminal in Vasilikos, a spokesperson for the European Commission confirmed....

586. Futuristic yacht stuns Mykonos with Sci-Fi design

587. Kamala Harris raises record $81M in 24 hours after Biden's exit

Vice President Kamala Harris has shattered fundraising records, drawing an unprecedented $81 million in the 24 hours following President Joe Biden's decision to step down, campaign spokesperson Kevin Munoz announced Monday....

588. Market changes, Eurobank's move, and economic struggles

Bank of Cyprus shares were delisted from the Athens Stock Exchange following the 2013 financial crisis and the turbulent merger with Laiki Bank, including the depositor haircut...

589. Financial education in Cyprus schools after Metamax scandal

The ongoing investigation into the Metamax investment pyramid scheme is causing growing alarm across Cyprus. Complaints to police departments have surpassed 100, with over €220,000 allegedly defrauded. ...

590. CySEC slaps a €200,000 fine on IC Markets (EU) Ltd

The Cyprus Securities and Exchange Commission (CySEC) has imposed a €200,000 fine on the Cyprus Investment Firm (CIF), IC Markets (EU) Ltd, for violating leverage rules....

591. Cyprus grapples with displacement 50 years after Turkish invasion

The violent displacement of tens of thousands of Cypriots following the Turkish invasion in July 1974 remains a festering wound for Cyprus....

592. Cyprus to reopen Forestry College in January 2025

The Cypriot government has approved the reopening of the Forestry College in January 2025 and the reintroduction of the "Advanced Diploma in Forestry" program......

593. Turmoil at Vasilikos as Chinese consortium pulls out, terminal project in limbo

The sudden withdrawal of the CPP-METRON CONSORTIUM LTD from the Vasilikos terminal project has added a new layer of complexity to the already troubled initiative. ...

594. Laughable disclosures as Cyprus politicians' financial woes unveiled

Once again, this year’s financial disclosures from our members of parliament are filled with laughable and tragic statements. Marinos Sizopoulos must be having a hard time making ends meet, ...

595. Soaring insurance costs push global shipping rates up 233%

Global trade has faced immense pressure since last October when the war in the Near East erupted following the terrorist attack by the Palestinian group Hamas against Israel. ...

596. Russian tech professionals flock to Cyprus despite sanctions

A recent study by the PACE think tank has underscored the profound transformation of Cyprus' economy amid Western sanctions and the aftermath......

597. Senator Menendez convicted on bribery charges

Democratic Senator Bob Menendez of New Jersey has been convicted on multiple counts of bribery following a nine-week trial, a verdict that could potentially send him to prison for years. ...

598. July Newsletter of K. Treppides & Co Ltd: Cyprus Securities and Exchange Commission

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....

599. Cyprus seeks EU support to keep youth in countryside

Cyprus is seeking support from the European Union in its efforts to bring about the demographic regeneration of its rural areas, Minister for Agriculture Maria Panayiotou......

600. Legal challenges mount over Vasilikos Terminal abandonment

Cyprus is preparing for significant changes in its energy sector following the formal termination of the contract between the Natural Gas Infrastructure......