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61. City of Dreams Mediterranean faces bumpy start with 181 job losses

In a stark indicator of the challenges facing the Limassol casino-resort, the recent dismissal of 181 employees reveals significant issues four months after its grand opening. ...

62. DAC6 revisited through the prism of DAC8

The Directive on Administration Cooperation (''DAC'') has been amended multiple times since 2011 to allow for the automatic exchange of information across multiple fields of taxation....

63. Unlocking the future of fintech with ECOMMBX: Where money meets innovation

Are you ready to embark on a fintech adventure like no other? Welcome to ECOMMBX, where we’re not just another Electronic Money Institution but game-changers of the industry! Regulated by the Central Bank of Cyprus under license no. 115.1.3.20/2018, we consider ourselves pioneers of innovation in Electronic Money Services....

64. FT: Tech giants clash with EU over internet control

A Financial Times article has reported that major players like TikTok and Meta, the parent company of Facebook, are pushing back against the European Union's (EU) recent internet regulations aimed at fostering greater openness and competition in online markets....

65. Central banks across Europe hold firm amidst rate cut speculations

Europe's top central bankers have affirmed that despite market expectations for a reduction due to weakening growth, interest rates will persist at elevated levels. ...

66. Ministries unite to transform halloumi industry

There is a need for order, mainly regarding the conduct of inspections but also other issues related to the production and distribution of halloumi cheese, the Ministry of Commerce and the Ministry of Agriculture are trying, with George Papanastasiou and Petros Xenofontos agreeing that the management of all issues concerning the product, should be transferred to one and only ministry. And this was deemed necessary, since halloumi is now a protected designation of origin....

67. A cheesy dilemma as Halloumi faces new market challenges

Amid renewed discussions on the PDO halloumi milk quota, a fresh challenge has emerged for producers and the competitiveness of the product. The market now sees products labeled as ''grilled cheese,''...

68. Ministry secures €245 million boost for business growth in 2027

A total of €245 million has been secured by the Ministry of Energy, Commerce and Industry for the new programming period up to 2027, which will be made available to businesses through targeted grant plans with an emphasis on absorbing and utilising as many resources as possible from European Funds, including the Recovery and Resilience Fund, Energy Minister George Papanastasiou said on Friday, speaking at the General Electoral Assembly of the Paphos Chamber of Commerce and Industry....

69. ECOMMBX: A Platform to rule them all

From Day One, ECOMMBX was determined to develop the most powerful electronic payments systems, capable of offering customers seamless cross-border transactions. ...

70. Netherlands tops global pension rankings with AI-driven excellence

A new analysis, ranking 47 pension systems across the world, has shed light on the growing impact of AI on pension systems....

71. ECB set to keep rates steady, says Central Bank of Cyprus governor

No interest hikes are expected in the next European Central Bank Governing Council meeting, as the latest available recent data suggest that the ECB rates have reached a level that, if maintained, will contribute to the return of inflation to the medium-term target of 2%, Constantinos Herodotou, Governor of the Central Bank of Cyprus and ECB Governing Council member told CNA on Wednesday....

72. Israeli-Hamas war puts Cyprus and Egypt at forefront of credit risks

Cyprus and Egypt are currently facing the most direct credit risks among countries rated by Scope Ratings due to the Israeli-Hamas conflict, warns the German firm....

73. IMF forecasts economic challenges for Cyprus in 2023 and beyond

The International Monetary Fund (IMF), in its ''World Economic Outlook'' for October, published on Tuesday, forecasts that Cyprus's growth rate for 2023 will slow down to 2.2% of GDP, down from the 2.5% it had projected in its April outlook....

74. Middle East turmoil shifts energy and diplomatic priorities

The tumultuous situation in the Middle East, prompted by Hamas's aggressive attack on Israel and Tel Aviv's military response, is reshaping the priorities of the Netanyahu government and the balance in the South-Eastern Mediterranean....

75. ECB keeps watchful eye on non-performing loans

The European Central Bank (ECB) is closely monitoring non-performing loans (NPLs) and related legislation, including the divestment framework. ...

76. Former President's startling revelation about food

In April 2022, former Russian President Dmitry Medvedev, now deputy head of Russia’s Security Council, said on his Telegram channel: “Our food is our silent weapon. Silent — but formidable."...

77. Tourists spend over €1.5 billion, setting new high

The most recent data from the Statistical Service regarding tourism revenues are confirming expectations, as expressed by Deputy Minister of Tourism Kostas Koumis in a recent interview with "K". It appears that this year could potentially set a new record for tourism revenues....

78. Deloitte continues to foster trust through transparency

Deloitte Cyprus issued its 12th Audit Transparency Report for the year ending 31 May 2023. The report provides an in-depth analysis on how the firm embraces its responsibilities to its clients, people, society, and the market, with the highest quality standards. ...

79. Real estate boom in Greece and Cyprus

The real estate landscapes of Greece and Cyprus are undergoing significant transformations, with both nations showcasing promising growth and recovery. However, beneath the surface of these top-line numbers, there are underlying challenges and disparities that need to be addressed....

80. Just a breath away from a new tourism record

Hermes Airports statistics reveal that August achieved an unprecedented milestone in air traffic, with a total of 1.516 million passengers. When examining this figure in terms of arrivals and tourist arrivals, it amounts to 511,387 arrivals. ...

81. Halloumi exports hit €112 million mark

The demand for halloumi, Cyprus’ renowned cheese, in foreign markets is steadily growing with exports in the first four months of 2023 amounting to €112 million, Minister of Agriculture, Rural Development and the Environment, Petros Xenofontos has said....

82. Christmas villages open their doors in November

Starting from November 26th, the enchanting Christmas villages are set to welcome the public once again this year....

83. Consulco’s London Credit Fund; Existing & New Investment Opportunities

84. EY achieves record global revenue of nearly $50 billion

EY reports record global revenue results of just under US$50b...

85. Ukraine sparks trade war with legal action over food bans

Ukraine has filed lawsuits to the World Trade Organization (WTO) against Slovakia, Poland and Hungary over their bans on food imports from Kyiv. ...

86. LEGO-bricks for real buildings in Florida

A Florida construction firm is seeing fast adoption of its intuitively-made building blocks that work like real-life LEGO bricks....

87. K. Treppides & Co Ltd: Cyprus financial market recovery or impending closure? Uncovering hidden risks

88. ECB raises rates for the 10th time as it tries to quell inflation

The European Central Bank raised interest rates for the 10th meeting in a row on Thursday to counter stubborn inflation but signalled that it is likely done tightening policy....

89. Deputy Minister Koumis paves way for more seats to Cyprus

Deputy Minister of Tourism Kostas Koumis had important contacts in recent days in Stockholm and Helsinki, with the aim of increasing the number of air seats offered to our country for the next year....

90. 90% winter flight schedule boosts tourism hopes

Airlines based in Cyprus are planning to operate 90% of their flights during the upcoming winter season, as revealed by Maria Kouroupi, the Director of Communications and Marketing at Hermes Airports, in an interview with "K." ...