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1. Europe could enter 2028 without a budget, Cyprus steps in

Europe risks entering 2028 without an agreed budget, putting billions of euros for farming, defense, innovation, and support for Ukraine in jeopardy. ...

2. Cyprus to close 2025 with debt below 60% of GDP

Cyprus is expected to close 2025 with a public debt-to-GDP ratio of 55.3%, well below its target of 60%, the Finance Ministry said....

3. New bank tax could ease the pinch on families, but who’s behind it?

A year after narrowly losing a vote in parliament, AKEL is back with a new proposal to impose an emergency tax on banks for 2025 and 2026, calling it a “solidarity levy” aimed at helping everyday Cypriots cope with rising costs....

4. EU holds social media giants liable for financial scams

For the first time, social media platforms like Meta and TikTok will be legally responsible if users fall victim to financial scams, following a deal reached by EU lawmakers in the early hours of Thursday....

5. EU launches legal action against 26 member states, including Cyprus, over energy efficiency delays

The European Commission has initiated formal infringement proceedings against 26 EU Member States, including Cyprus, for failing to integrate the Energy Efficiency Directive (EU) 2023/1791 into their national laws. ...

6. The significance of the P-TEC Summit

The Partnership for Transatlantic Energy Cooperation (P-TEC) is a U.S. initiative coordinated by the Department of Energy. Its goal is to foster collaboration between Eastern European countries and the United States, focusing on energy security and the sustainability of infrastructure....

7. Cyprus ranks second in EU for long working hours, Eurostat says

About one in 10 workers in Cyprus put in long hours each week, placing the island nation second in the European Union only to Greece, according to Eurostat data released Thursday....

8. Timur Turlov at New York Eastern Mediterranean Business Summit: ''Cyprus is our European gateway to global markets''

Freedom Holding Corp. is driven by a mission to build bridges between regions and make global markets more accessible — an ambition powered by innovation and modern technologies, including artificial intelligence. ...

9. Revolut slapped with record fine over money laundering lapses

British fintech giant Revolut, one of the world’s most valuable start-ups, has been fined €3.5 million by Lithuania’s central bank for failing to properly monitor suspicious transactions and protect against money laundering....

10. Rents keep climbing, but house prices aren’t going anywhere

If you’re renting in Cyprus, you’re not imagining it; it really is getting more expensive year after year. New figures from Eurostat confirm that rents on the island jumped by 4.6% in 2024 compared to the previous year, continuing a steady upward trend that’s been going on since 2017....

11. Tourists are flocking to Cyprus this Easter: Here's what's driving the surge

Tourism officials are expressing cautious optimism about Cyprus’ 2025 Easter holiday season, with early bookings and rising airport traffic pointing to another strong year for the island’s travel sector....

12. Nearly 1 in 5 households in Cyprus unable to keep homes warm

A recent European report has shed light on a concerning issue in Cyprus: nearly one in five households is struggling to keep their homes warm....

13. Cyprus tops EU in female enrollment for Master’s and Doctorate programs

In a groundbreaking achievement, Cyprus has been recognized for having the largest share of women pursuing master's studies in 2022 among all EU member states, according to the latest data from Eurostat, the European Union’s statistical service....

14. Cyprus among EU countries lagging in gender budgeting initiatives

Cyprus stands out as one of only three European Union (EU) member states currently lacking a gender budgeting framework, alongside Estonia and Lithuania....

15. Freedom Holding Corp. reports 57% surge in Q3 revenue, hits $9 billion market cap milestone

Freedom Holding Corp. (FRHC), the parent company of Freedom24, has announced two significant milestones: strong third quarter results for fiscal year 2025 and a record market capitalisation of $9 billion....

16. Cyprus marks Holocaust remembrance day with solemn event in Nicosia

In a solemn ceremony last night, held at the Melina Mercouri Hall, Cyprus joined the global community in observing International Holocaust Remembrance Day, honoring the six million Jews and millions of others who perished in one of history’s darkest chapters....

17. Russian nuclear weapons at Europe's doorstep

Russia has deployed tactical nuclear weapons in Belarus, marking the first time its nuclear arsenal has been stationed outside Russian territory since the Cold War....

18. NATO surrounds Chinese ship over undersea cable sabotage

Authorities are investigating the deliberate cutting of two undersea internet cables connecting Finland and Sweden to Central Europe last week, suspecting sabotage by a Chinese cargo vessel. ...

19. 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....

20. Two key undersea communication cables cut in Baltic Sea

Two important undersea communication cables in the Baltic Sea were cut recently, and it looks like it was done on purpose. ...

21. Annual International Meeting of the Contact Committee

The Audit Office of the Republic of Cyprus is organizing the Annual Meeting of the Contact Committee, which it chairs, at the Cap. St. Georges Hotel & Resort in Paphos, on Wednesday and Thursday, October 16 and 17, 2024. ...

22. ECB to review AKEL’s proposed bank tax amid financial concerns

The European Central Bank (ECB) is set to evaluate a proposed "windfall tax" on banks, commonly associated with the leftist political party AKEL, in Cyprus. ...

23. Finance Minister coordinates with EU Trio on 2025 Presidency

Minister of Finance Makis Keravnos met in Luxembourg with his counterparts from Poland and Denmark regarding the preparation of the Cypriot......

24. Freedom24 Reaches 300,000 Customers Milestone

We are thrilled to announce that the number of users on the innovative Freedom24 trading platform has surpassed 300,000. This significant achievement underscores our platform's technological superiority and the growing trust and confidence of our customers....

25. Von der Leyen unveils new European Commission lineup

European Commission President Ursula von der Leyen has unveiled the list of new commissioners, including Kostas Kadis from Cyprus, who has been appointed as Commissioner for Fisheries and Oceans. ...

26. New Cyprus-Baltic business association to strengthen economic ties

The Cyprus Chamber of Commerce and Industry (CCCI) announced the establishment of the Cyprus-Baltic States Business Association aiming to promote, expand and encourage economic and trade relations between Cyprus and the Baltic States....

27. Cyprus has second largest decrease in firefighter jobs across EU

The number of firefighters was cut in 12 EU member states, including Cyprus, in 2023, while Cyprus was the country with the second largest drop in the employment of firefighters that year, according to an analysis by the European Trade Union Confederation (ETUC) of EU Labour Force Survey data which was also published recently by Eurostat. ...

28. Politico: Cypriot firm linked to Belarusian leader exploits sanctions loophole

A recent investigation by Belarusian journalists has uncovered that a company based in Cyprus is profiting from inflated contracts related to the export of potash, a key ingredient in fertilizer, from Belarus....

29. Olympic medalists receive life-changing rewards from home countries

30. 2% of winter visitors to Cyprus stay in occupied areas

A new survey from Hermes Airports shows that 2% of tourists visiting Cyprus during the winter months (October 2023 - March 2024) stayed in the occupied areas. Additionally, 3% visited the occupied areas while staying in the free areas....