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151. Sklavenitis expands in Cyprus, shaking up the supermarket scene

The Cypriot supermarket landscape is shifting as Greece's Sklavenitis Group officially takes over Papantoniou Supermarkets. With Competition Protection Commission approval, ...

152. Cyprus trade deficit drops by €1.18 billion as imports and exports decline

Cyprus’ trade deficit dropped significantly by 17.4%, or €1.18 billion, in the first nine months of the year compared to the same period in 2023, according to provisional data from the Statistical Service of Cyprus (Cystat). ...

153. Cyprus police enhance financial crime fighting with FBI training

Cyprus police are receiving specialized training to tackle financial crimes, including money laundering and sanctions evasion, with significant assistance from the U.S. Federal Bureau of Investigation (FBI)....

154. Coffee Island enters India, sets sights on multinational growth

Coffee Island, the popular Greek coffee chain, is making waves in the global market with its first store opening in India, set for December in New Delhi....

155. On the wrong side of the elections...

It's only natural that the election of a volatile president like Trump would raise concerns across the globe. His approach to U.S. foreign policy is anybody's guess, ...

156. Hellenic Bank reports €284.4M profit for 2024

Hellenic Bank reported a profit of €284.4 million for the first nine months of 2024, up from €240.7 million in the same period last year....

157. Akamas road project delayed again as investigation continues

Decisions on key issues surrounding Akamas—particularly potential disciplinary proceedings for the first phase of the road network and the resumption of related work—are running behind schedule....

158. First affordable housing block for refugees in Cyprus to be ready in 20 months

In 20 months, the first apartment building under the government’s "KtiZO" Plan in the Apostolos Andreas Housing Settlement in Latsia will be completed....

159. Cyprus launches new €50 Million plan to boost birth rate

Cyprus is rolling out a new set of measures worth over €50 million to tackle its shrinking birth rate, President Nikos Christodoulides announced on Monday....

160. Horizon aircraft’s unique shape offers more room for passengers

As global demand for air travel grows, carbon emissions from aviation have risen faster over recent decades than those from rail, road, or maritime transportation. ...

161. Cyprus faces 2024 deadline to align with EU regulations on foreign investments

Cyprus faces a deadline by the end of 2024 to align with the European regulation governing large foreign investments....

162. Cyprus achieves record €4.7 billion in exports, continuing years-long growth

Minister of Energy, Commerce and Industry George Papanastasiou praised the expanding momentum in the Cypriot export activity, stressing that in 2023 exports rose by an annual 38% continuing their steady rising trend of the past years....

163. What happens if Trump and Harris end up in a tie?

In the lead-up to the 2024 election, former President Donald Trump and Vice President Kamala Harris are neck and neck in national polls and key swing states....

164. Cyprus real estate market falters as October sales drop 6%

With just two months left in the year, October has shown that, despite some resilience, the market remains unable to inspire optimism. Economic indicators for the average household have not sparked an uptick in investment interest, and the ongoing geopolitical instability is growing....

165. Cypriot residents' travel spending hits €2.23 billion in 2023

Total travel spending by Cypriot residents, both within Cyprus and abroad, reached €2.23 billion in 2023, marking an 8.4% increase from 2022....

166. 76-year-old scammed out of €145,000 by fake UN major

A 76-year-old woman has fallen victim to an online scam that drained €145,000 from her bank accounts, prompting a police investigation into the incident. ...

167. Elon Musk’s $35 million Texas family compound

In a move seemingly straight out of the US TV series 'Sister Wives', Elon Musk has reportedly bought a massive $35 million estate in Austin, Texas, designed as a family hub for his 11 children and two of their mothers....

168. Larnaca court sentences two minors for hotel arson

The Larnaca District Court today sentenced two 17-year-old unaccompanied minors from Syria to two years of immediate imprisonment after finding them guilty of arson in a case that was heard behind closed doors. ...

169. Deadly floods in Spain's Valencia region leave 95 dead and many missing

Severe flooding in Spain's Valencia region has resulted in at least 95 confirmed deaths, with many individuals still unaccounted for as rescue efforts continue....

170. Ex-Transport Minister and associates headed for trial

Former Transport Minister Marios Demetriades and nine other individuals, including his relatives and two companies, are set for trial in Cyprus’ top court on charges linked to the controversial Cyprus Investment Programme (CIP)....

171. Government announces new measures to help vulnerable households

In a bid to ease energy expenses for vulnerable groups and promote sustainable housing solutions, the Cabinet approved a set of medium-term measures during its meeting on Tuesday, chaired by President Nicos Christodoulides....

172. Cyprus sees €30 Million in luxury property sales in September

In September, the ten priciest property sales in Cyprus totaled €30 million, with Limassol dominating the list, accounting for 62% of these high-value transactions....

173. Cyprus faces financial imbalance as assets fall short of liabilities

As of December 2023, Cyprus' economy is navigating a complex financial landscape, with total assets in financial instruments reaching €869 billion. However, the country also faces a notable financial shortfall, with liabilities exceeding assets by about €29 billion....

174. New EU rules open Cyprus's troubled loan market to foreign investors

In a move that could reshape Cyprus's financial landscape, Parliament recently passed a European Directive that makes it easier for foreign investors to buy non-performing loans (NPLs) in the country....

175. Cyprus claims gold and three bronze medals at ISF Gymnasiade in Bahrain

176. EU pushing for economic ties with Turkey, but where does that leave Cyprus?

According to Kathimerini's Pavlos Xanthoulis, Brussels and Berlin are working to upgrade the Turkish Customs Union, viewing it as a pathway to strengthen economic ties with Turkey. ...

177. FT: Dutch court rules Heineken must pay millions for Greek subsidiary violations

According to a report in the Financial Times, a Dutch court has ruled that Heineken is responsible for competition violations linked to its Greek subsidiary, Athenian Brewery, dating back to the 1990s. ...

178. President unveils €30 million plan to revitalize Troodos region

President Nikos Christodoulides has unveiled a comprehensive plan aimed at revitalizing the Troodos mountainous region, with more than 20 major projects and policy actions set to be implemented. ...

179. Spike in suspicious transactions as Cyprus freezes over €25 million in illicit assets

Reports of suspicious transactions in Cyprus have risen sharply in 2023, reaching levels similar to those in 2021, as per a story by Kathimerini's Dorita Yiannakou....

180. Kotsovolos: One Destination, the full Apple Experience

For those who are looking for the ultimate Apple experience, the answer is simple: Kotsovolos!...