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151. Bank of Cyprus earns €133 million in profits

The Bank of Cyprus has announced a robust profit of EUR 133 million for the first quarter of 2024, marking a significant increase from EUR 95 million in the same period last year....

152. Combatting money laundering: Insights from Katerina Sikioti Charalambaki

Money laundering poses a significant threat to the EU's economy and society, with organized crime generating revenues of at least €139 billion annually, as emphasized by Katerina Sikioti Charalambaki, a professor and lawyer at the High Court of Justice....

153. Cypriot banks set to exceed 2023's record profits in 2024

Cypriot banks are maintaining a low profile, but it's expected that 2024 will bring in higher profits compared to the record-breaking figures of 2023. ...

154. Cyprus football's new horizon with privately owned stadiums

The era we find ourselves in appears to signify the beginning of significant change in the professional league, reminiscent of historical shifts that brought......

155. St. Kitts and Nevis appoints Joseph Borghese as Special Envoy for FDIs

In a strategic effort to boost Foreign Direct Investment (FDI) initiatives, the Government of the Federation of St. Kitts and Nevis has appointed His Excellency Joseph Borghese as Special Envoy for Foreign Direct Investments. ...

156. Deloitte announces 2024 Technology FAST 50 rankings

Cyprus based Capital.com claims top spot for the third consecutive year exhibiting 4411% growth in revenues ...

157. Ellinikon, Europe's largest smart city, begins its transformation

158. Melco's European expansion hit by tax cuts in occupied Cyprus casinos

Melco Resorts & Entertainment's grand venture, the City of Dreams Mediterranean, faces a dramatic twist in its European odyssey as northern Cyprus casinos brace for a tax overhaul. ...

159. EU cracks down on TikTok lite over child addition concerns

European digital regulators are taking a stern stance against TikTok's latest feature, which rewards users for engaging with content, citing concerns over addiction, especially among children....

160. Hellenic set to acquire CNP in multimillion-Euro deal

Everything appears to be proceeding smoothly, and it seems that CNP Cyprus will soon be under the ownership of Hellenic Bank....

161. Baltimore turns to container owners for ship salvage funds

The owner and manager of the massive container ship that took down the Francis Scott Key Bridge last month should be held fully liable for the deadly collapse, according to court papers filed Monday on behalf of Baltimore’s mayor and city council....

162. Cyprus ends 2023 with €918.7 million fiscal surplus

Cyprus's financial report card for 2023 is in, and it's showing some positive signs. According to the Statistical Service of Cyprus, the country ended the year with a fiscal surplus of €918.7 million. That's like having extra money left over after paying all the bills....

163. Spain and Greece face dire drought conditions

“The tourism sector has to adapt to the situation we are experiencing, which is absolutely abnormal,” a member of the Catalan government told the Financial Times......

164. Nicosia ring road faces setbacks, delays and budget overruns

The Nicosia Ring Road project, a cornerstone of infrastructure development in Cyprus, has encountered significant setbacks, including delays and budget overruns, casting a shadow over its completion prospects and anticipated benefits, according to a report by Apostolos Tomaras in Kathimerini's Sunday edition....

165. Summer optimism in Cyprus tourism despite regional uncertainty

Tourism in Cyprus soared last March, boasting a 9.8% increase, welcoming 202,256 travelers. From January to March 2024, arrivals hit 415,251, marking a 5.4% rise....

166. Famagusta's tourism success, development struggles

Famagusta Province in Cyprus boasts the highest tourism revenue contribution nationwide, but falls short in infrastructure development and enhancement projects....

167. Alternative investments and portfolio diversification

In contrast to traditional investments in stocks and bonds, portfolios incorporating alternative investments have historically offered higher returns, a trend that has become more prevalent in recent years. ...

168. Cyprus' public debt declines, economic outlook brightens

According to a report by Panayiotis Rougalas, Cyprus is seeing a promising reduction in its public debt, with figures suggesting a return to 2019 levels....

169. Cyprus betting sector breaks records with €1 billion revenue

The revenues of the betting activity in the Republic of Cyprus recorded an upward trend for another quarter, confirming the dynamic and stable growth of the sector. ...

170. Netflix vs. the World: Unraveling the future of streaming wars

In the rapidly evolving landscape of streaming services, industry titans are facing a pivotal moment as they navigate through a period of consolidation and uncertainty. ...

171. Hellenic Bank's pursuit of CNP Cyprus uncovers uncertainties

The exclusive negotiations between Hellenic Bank and CNP Cyprus Insurance Holdings, a subsidiary of the French insurance powerhouse CNP Assurances, have captured attention for their high stakes and strategic importance....

172. Businesses turn to banks amid funding crunch

In 2023, businesses encountered a tough road ahead when it came to securing loans, as costs continued to climb....

173. Apple's plan for smart home robots unveiled

Apple is currently working on a venture into household robots, which might become the company's "next big thing" after the Vision Pro headset and having abandoned its decades-long effort to develop a self-driving electric automobile. ...

174. Audit exposes serious issues in collecting unpaid taxes in Cyprus

An audit report from the Tax Department for 2022 has uncovered a staggering accumulation of over €2.5 billion in arrears, with €1 billion considered unsecure due to delays in necessary measures, the Audit Service revealed....

175. Chevron's new proposal for ''Aphrodite''

March 31 marked the end of the three-month deadline given by Nicosia to the US company Chevron, a key partner in the joint venture for the development of Block 12 ...

176. Fortifying digital banks and battling cyber threats

The period we are going through raises serious concerns about the security of critical digital infrastructures. Among these, the most significant are those of banks, and in this direction...

177. Tougher regulations loom for tobacco heat sticks in Europe

European governments are weighing the introduction of tougher rules on cigarette makers’ new zero-tobacco heat sticks, moving to close the loopholes they were designed to exploit just months after their launch. ...

178. Russian oil payments delayed amid sanctions scrutiny

Russian oil companies are facing significant delays in receiving payments for crude and fuel as banks in China, Turkey, and the United Arab Emirates (UAE) exercise increased caution over potential U.S. secondary sanctions, according to eight sources familiar with the matter....

179. Cyprus grapples with €80 million surge in state budget deficit for 2023

The state budget deficit for 2023 increased by €80 million compared to the deficit recorded in 2022, according to the Fiscal Report of the Republic of Cyprus for 2023, submitted to the House of Representatives....

180. Audit uncovers mismanagement in Cyprus' public health system

In a damning revelation, Auditor General Odysseas Michaelides unveiled alarming mismanagement within Cyprus' public health sector, particularly in its flagship National Health System (GESY). ...