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91. Money transfers in 10 seconds coming to Cyprus

Starting on January 9, 2025, Cyprus will join the rest of the SEPA zone (33 countries) in offering instant bank transfers, revolutionizing how payments are made....

92. ‘Business as usual’ for world’s top companies as they get ahead of mandatory sustainability reporting rules

With mandatory sustainability reporting nearly upon us, new research from KPMG reveals the world’s biggest companies are taking a proactive approach, with a significant increase in businesses already publishing ESG data, including carbon reduction targets....

93. Temu’s tempting deals are a double-edged sword for Cypriot shoppers

Temu, an emerging e-commerce platform, offers an extensive range of products, from gadgets and household goods to clothing and toys, at remarkably low prices....

94. A critical step for economic growth in Cyprus includes tax reform

Speaking at an Open Discussion Event organized by the G.R.M. Professional Training Center at the St. Raphael Resort in Limassol, under the theme “The Upcoming Tax Reform in Cyprus: Purpose, Guidelines, and Timelines,” the Minister announced that a comprehensive meeting is planned for early 2025....

95. Explore the sweet side of Cyprus on 'World Mountain Day'

This December 11th, Cyprus invites locals and tourists to celebrate World Mountain Day 2024 by exploring its majestic Troodos Mountains and discovering the island’s rich biodiversity, culture, and local products. ...

96. FT: EU and South America strike historic trade deal amid controversy

The European Union and Mercosur, a bloc of four South American countries, have finalized a landmark trade deal after 25 years of negotiations. This agreement establishes a massive market of 700 million people, removing tariffs on over 90% of goods traded between the two regions....

97. AI in Finance: Embrace the Future or Be Left Behind

Technology is changing how we do everything, and finance is no different. ...

98. Half of citizens and businesses targeted by cybercriminals in 2024

In a startling revelation, a recent survey by the Digital Security Authority has found that one in two people in Cyprus fell victim to a cyber attack in 2024....

99. Cyprus Parliament approves limit on large cash transactions

Cyprus lawmakers have taken a significant step in tackling money laundering and illegal activities by approving a proposal to limit large cash transactions....

100. Business loans on the rise in Cyprus, but consumer borrowing takes a hit

Cyprus experienced a rise in net new loans in October, driven primarily by businesses borrowing more, especially for amounts exceeding €1 million. ...

101. Didn’t know? Should’ve asked!

The Presidential Office appears to be in search of the 200 companies that have invested in Cyprus—a surprising development given the article published in "K" on November 24th....

102. Minimum income recipients allegedly renting T/C properties for pennies

A shocking new controversy has emerged involving recipients of the minimum guaranteed income who are allegedly renting valuable Turkish Cypriot properties for an incredibly low price. ...

103. Major companies eye Cyprus as European HQ, says annual securities report

The President of Cyprus, Nicos Christodoulides, met with the Cyprus Securities and Exchange Commission (CySEC) at the Presidential Palace to receive their 2023 annual report. ...

104. Greece needs 300,000 foreign workers amid labor shortage

It is estimated that Greece’s labor market needs more than 300,000 workers from other countries, from dishwashers to chefs to carpenters, machine operators and electricians to web and software developers....

105. Court hands down stiff sentences in major extortion and embezzlement case

In a significant move against financial crime, the Criminal Court in Larnaca has handed down tough sentences to two men involved in an elaborate scheme of extortion, embezzlement, and money laundering. ...

106. Cyprus receives major credit rating boost from Moody’s

Last Friday, Moody’s delivered a major endorsement of Cyprus’ economic progress, upgrading its credit rating by two notches, from Baa2 to A3, with a stable outlook, according to a report by Panayiotis Rougalas. ...

107. 200 foreign companies and 1,200 new jobs in Cyprus in six months

Cyprus is experiencing a surge in foreign investment, with approximately 200 international companies establishing operations in the country during the first half of the year. ...

108. Limassol’s growth deserves equal support

Who is driving development projects in Limassol, and how far have they progressed? Who decides how state development funds are allocated, and based on what criteria?...

109. Trump plans massive tariffs on imports from Mexico, Canada, and China

In his latest announcement, President-elect Donald Trump has proposed steep tariff hikes on goods coming from Mexico, Canada, and China, set to begin on the first day of his administration...

110. Primary residence and the benefit of 5% reduced VAT rate

Nowadays having your own permanent residence is a must, however the cost for the acquisition or construction of a house/apartment has significantly increased in the last few years....

111. EIB President Nadia Calviño to visit Cyprus for talks and office opening

Nadia Calviño, the President of the European Investment Bank (EIB), is set to make her first official visit to Cyprus on Friday, November 22, where she will open the new EIB Group office and hold talks with Cypriot leaders....

112. Cyprus court upholds tougher rules for 'glamping' projects

The Supreme Constitutional Court recently made a decision that has significant implications for luxury camping (glamping) and visitor farm projects in Cyprus. ...

113. DBRS Morningstar: Cyprus shows strong recovery in tackling bad loans

Cyprus is starting to see some positive shifts in its financial sector, particularly when it comes to tackling non-performing loans (NPLs) – loans that borrowers have stopped paying. ...

114. ARIS │ A REALLY INSPIRING STORY is looking to cultivate new stories of success

115. TEMU: ''Half Cyprus is better than none''

The online shopping platform Temu is drawing criticism for selling a T-shirt with a slogan referencing the Cyprus issue. The shirt, priced at €11.90 on sale from an original €23.69, features the phrase...

116. Experts warn certain Google searches can lead to hacking

Cybersecurity experts are urging caution when using Google search, revealing that some common search terms can expose users to serious risks, including hacking and malware infections....

117. Appointment of Senior Manager in K. Treppides & Co Ltd

The Management of K. Treppides & Co Ltd is committed to develop leaders who derive from own people and who pursue excellence in the provision of high quality specialised and unique services. ...

118. Bank of Cyprus reports €401 million profit surge

In the latest financial report, Bank of Cyprus has reported a solid profit of €401 million for the first nine months of 2024—a 15% jump from last year’s €349 million. ...

119. BOC finalizes sale of troubled loans to boost stability and growth

In September 2024, the Bank of Cyprus reached a deal with funds linked to Cerberus Global Investments B.V. to sell a portfolio of non-performing loans—primarily business loans backed by collateral. ...

120. Cyprus cracks down on prolonged standing in workplaces

Cyprus is stepping up efforts to protect workers from prolonged standing at their jobs, with a nationwide inspection campaign and stricter enforcement of new legislation aimed at improving workplace conditions....