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361. Chevron pushing for more concesions on Aphrodite gas field

In an article published in yesterday's Kathimerini, Yiannis Ioannou writes that Cyprus is grappling with significant challenges over the development of its Aphrodite gas field, a situation that's becoming more complicated by the day. This issue is in the spotlight due to a series of events and the broader regional instability affecting energy projects....

362. Cyprus tourism holds steady despite Middle East tensions

According to Kathimerini's Apostolos Tomaras, tourism in Cyprus remains strong despite geopolitical tensions in the Middle East. The summer season has shown a slight increase in tourist arrivals compared to last year, with current figures indicating a positive trend. Tourism receipts up to May have mirrored this performance, suggesting that Cyprus' tourism sector is holding steady....

363. Women entrepreneurs hit hard by Turkey's Instagram shutdown

Turkey's decision to block access to Instagram has dealt a significant blow to female entrepreneurs who rely on the platform to market and sell products ranging from homemade cookies to baby bedding....

364. Cyprus’ green energy struggles as market changes loom

Cyprus is gearing up for a major shake-up in its electricity market by 2025, but concerns are growing over how this will impact investments in renewable energy....

365. Cypriots flock to the coast for summer holidays despite rising prices

Coastal areas remain the top choice for Cypriots' domestic summer holidays, with destinations like Ayia Napa, Protaras, Paphos, Limassol, and Larnaca seeing high demand, according to the Cyprus Hotels Association (PASYXE)....

366. Google and Meta secretly target underage YouTube users with Instagram ads

Google and Meta have been implicated in a secret agreement to push Instagram ads to underage YouTube users, bypassing Google's policies on advertising to minors, according to a report by the Financial Times....

367. Bank of Cyprus sees 23% profit growth, raises financial targets

The Bank of Cyprus has announced a 23% increase in its profit after tax for the first half of 2024, reaching €270 million, compared to the same period in 2023. ...

368. Dubai Airport breaks record with 44.9M passengers in 2024

Dubai International Airport has broken a passenger record for the first half of the year, handling 44.9 million travelers from January to June, an 8% increase from the 41.6 million recorded during the same period in 2023....

369. Epic Double: Ookla and umlaut rank Epic once again at the top of telecommunications in Cyprus, for its Fixed Internet and Mobile Networks respectively

Epic continues to stand at the top of telecommunications in Cyprus, with two new international awards that are the culmination of its continuous investments in the development of a state-of-the-art, ultra-fast and reliable mobile and fixed internet network, offering an epic communication experience with innovative solutions, continuous evolution, and dedication to excellence....

370. Cyprus' Vasilikos gas terminal project fails after 20 years

Cyprus has faced a protracted and troubled effort to introduce natural gas to its internal market for electricity generation over the past two decades. ...

371. Famagusta to target global tourists with new campaign

372. Record passenger traffic at Cyprus airports in 2024

In a landmark achievement, the number of passengers passing through Larnaca and Paphos airports in the first seven months of 2024 has surged by 4.42% compared to the same period last year, setting a new record for the island....

373. Google faces fines for spending billions on default search engine deals

A U.S. court has ruled that Google violated antitrust laws by persuading partners to set its search engine as the default on their devices. The fine to be paid by Google will be determined at a later date. ...

374. Cyprus unemployment decreases, while social benefits paid increase

The number of unemployed persons registered at the District Labour Offices in Cyprus fell to 11,877 at the end of July 2024, marking a 9.9% decrease compared to the same period last year, according to data released by the Statistical Service on Monday....

375. FT: Global stock markets tumble amid US recession fears

Global stock markets experienced significant declines on Monday as concerns about a potential US recession led investors to abandon risky assets....

376. August 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....

377. ''Paws'' and relax at Larnaka airport (vid)

Passengers at Larnaka Airport can now ease their travel jitters with a furry twist, thanks to a new initiative by Hermes Airports that brings specially trained dogs into the Departure Gates area....

378. Adnoc and BP engage in high-stakes Talks with Energy Minister

Officials from the United Arab Emirates' Abu Dhabi National Oil Company (Adnoc) and British multinational BP will be in Cyprus today, Friday, for meetings with Energy Minister George Papanastasiou. ...

379. Driverless taxis cause traffic chaos in China

Hundreds of driverless robotaxis from Chinese tech giant Baidu are causing traffic mayhem in Wuhan. ...

380. Uber to add 100,000 electric cars to its global fleet

Uber has announced a deal to integrate 100,000 electric vehicles (EVs) from China's BYD into its global fleet....

381. 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....

382. Record surge in olive oil fraud amid rising prices of 'liquid gold'

The European Union reported a record number of potential olive oil fraud and mislabeling cases in the first quarter of 2024, driven by inflationary pressures and a growing hidden market for the kitchen staple....

383. McDonald's becomes unaffordable for many

McDonald's, once synonymous with affordable fast food, has seen its sales decline as many former customers find its offerings increasingly expensive....

384. 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....

385. 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....

386. 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......

387. 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. ...

388. Cyprus eyes key EU portfolio in von der Leyen’s second commission

As EU member states finalize the 26 names for Ursula von der Leyen's second European Commission......

389. 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....

390. Cyprus signs €50 million contract for smart meters

A €50 mln contract for Advanced Metering Infrastructure (ΑΜΙ) was signed on Wednesday between the Electricity Authority of Cyprus (EAC) and the Cyprus Telecommunications Authority (CYTA)....