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151. EU warns of strong response to possible US tariffs

The European Union has expressed deep concern over potential US trade measures, cautioning that any tariffs imposed on European goods would trigger a firm response....

152. Nick Kounoupias, Global Head of IP for Michael Kyprianou Law Firm Appointed to Cyprus AI Taskforce

We are thrilled to announce that Mr. Nick Kounoupias, Global Head of Intellectual Property at Michael Kyprianou LLC, has been appointed by the Cyprus Council of Ministers to the Cyprus AI Taskforce as approved by the Council of Ministers....

153. Ticking time bomb as sewage leaks threaten Akrotiri Salt Lake

A major environmental crisis is unfolding at Akrotiri Salt Lake, as sewage leaks and chemical discharges threaten Cyprus’ most important wetland...

154. New EU directive to shake up electricity pricing in Cyprus

155. NASDAQ-listed Freedom24 is making its mark in Cyprus and beyond

When Timur Turlov, the CEO of Freedom Holding Corp., set his sights on Cyprus, he saw more than just a financial hub—he saw opportunity. In a market where fintech companies are staking their claims, ...

156. Cyprus’ tax reform aiming for innovation, sustainability, and simplicity

A major tax reform is underway in Cyprus as part of the Tax Transformation Project, led by the Centre for Economic Research (CER) at the University of Cyprus. ...

157. Cyprus ended 2024 with a banking boom as loans and deposits surged

Cyprus closed out 2024 with a surge in banking activity, as both loans and deposits saw substantial increases, according to the latest data from the Central Bank of Cyprus (CBC). ...

158. Cyprus vs. bureaucracy: Can the red tape finally be cut?

For years, bureaucracy has been a major roadblock for businesses in Cyprus. ...

159. Long-awaited highway finally on track with €330 million price tag

The long-delayed Polis Chrysochous-Paphos highway project, now estimated to cost a staggering €330 million, is finally moving forward with a completion target set for 2030-2032....

160. New €26 million fund to boost startups in Cyprus

33East, a venture capital firm based in Cyprus, has launched its first fund with an initial close of €26 million. ...

161. Greek companies dominate Cyprus market with expanding investments

In recent years, a wave of Greek companies has been making significant strides in Cyprus, investing across various sectors and expanding their reach....

162. Funeral parlors accused of paying bribes for bodies

Licensed funeral parlor owners in Cyprus are raising alarm over what they describe as an alarming trend of illegal funeral homes bribing hospital workers to secure the bodies of the deceased. ...

163. Trump’s tariff plans could hurt Cyprus’ economy

The looming inauguration of U.S. President-elect Donald Trump has stirred concern across the Eurozone, and Cyprus is no exception....

164. Cyprus smashes tourism records with over 4 million visitors in 2024

Cyprus is celebrating a record-breaking year for tourism, with 2024 marking the first time the island welcomed over four million visitors. A total of 4,040,200 tourists arrived last year, surpassing the previous record of 3,976,777 set in 2019. ...

165. Why are Cypriot businesses being sold off to foreign interests?

Greek businesses have made a significant impact on the Cypriot market, investing across virtually every sector—from real estate and hospitals to supermarkets, toy stores, energy, electronics, car dealerships, and even banks....

166. Cyprus to begin installing smart meters in February

Starting on February 1st, the Electricity Authority of Cyprus (EAC) will begin installing smart meters in homes and businesses across the island....

167. Your Direct Path to Dubai Through IFZA

LLPO Law Firm is proud to organise a Free Business Networking Event in Cyprus, in collaboration with IFZA Dubai (an International Free Zone Authority),...

168. Poland to prioritize security on all fronts during its EU presidency

Poland has laid out an ambitious roadmap for its 2025 Presidency of the Council of the European Union, with security taking center stage. Ambassador Marek Szczepanowski presented the priorities on Tuesday at the House of Europe in Nicosia, under the presidency’s guiding motto: “Security, Europe!”...

169. Cyprus sets sights on year-round tourism

Cyprus has long been known for its sun-drenched beaches and azure seas, but a new vision is emerging to transform the island into a full-time tourist destination within the next five years. ...

170. US sanctions hit two Cyprus-based companies

In the latest wave of sanctions targeting entities aiding Russia’s war on Ukraine, two Cyprus-based companies have found themselves under the spotlight, further deepening the political tension surrounding the ongoing conflict....

171. Cypriot company scammed out of $81K in online fraud

A Cypriot company based in Limassol has fallen victim to an online scam, losing over $81,000 worth of goods in a sophisticated fraud scheme....

172. Cyprus, Greece, and Egypt team up to boost business opportunities

Entrepreneurs and businesses eyeing opportunities in the Eastern Mediterranean have reason to celebrate. Cyprus, Greece, and Egypt have formalized a powerful partnership with the establishment of a Trilateral Business Council...

173. McDonald’s cuts LGBTQ+ inclusion efforts, but claims it still ‘cares’ about diversity

McDonald’s, one of the world’s most recognizable brands, is recalibrating its diversity, equity, and inclusion (DEI) policies in response to recent societal and legal changes....

174. Cyprus aims for cheaper electricity with competitive market by 2025

The government is ramping up efforts to bring down electricity costs for households and businesses by July 2025 through the introduction of a competitive electricity market, Energy Minister George Papanastasiou announced on Tuesday. ...

175. EU and Turkey edge closer to modernizing customs union

A significant effort is underway to modernize the Turkish Customs Union, a landmark economic arrangement that has governed trade between Turkey and the European Union (EU) since 1996. ...

176. 2025: A new chapter for Cyprus’s property market

2024 was both literally and figuratively a leap year. Metaphorically speaking, we anticipated this shift a year ago as we reflected on 2023 and made our predictions for the year ahead....

177. A clean bill of health for Paphos' food packaging industry

A total of 600 inspections were conducted by the Paphos Municipal Health Service as part of preventive measures during the festive period, with only three establishments requiring observations, according to the Head of the Service, Christos Christou....

178. €410,000 up for grabs in Haji-Ioannou’s 15th bi-communal business awards

For the 15th year in a row, Sir Stelios Haji-Ioannou is once again giving back to both Greek Cypriot and Turkish Cypriot entrepreneurs through the Stelios Bi-Communal Business Cooperation Awards. ...

179. US-Cyprus partnership deepens with USS Indiana visit (pics)

The relationship between the United States and Cyprus is becoming stronger as both countries work together more closely, especially in defense and security. ...

180. How the European Artificial Intelligence (AI) Act will transform Auditing and Financial Reporting and the crucial role of the external auditor

The European Union took a bold step in August 2024 by adopting the AI Act, a landmark regulation designed to ensure that Artificial Intelligence systems are safe, ethical, and transparent. ...