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1. Lidl Cyprus celebrated the opening of its 3rd store in Paphos and 21st store in Cyprus

In a major expansion of its retail network, Lidl Cyprus opened its newest store in the Neon Mall of Pafos on Wednesday 24 July, marking the 3rd Lidl store in a row in the Paphos district and the 21st in Cyprus. ...

2. Cyprus signs €50 million contract for smart meters

A €50 mln contract for Advanced Metering Infrastructure (ΑΜΙ) was signed on Wednesday between the Electricity Authority of Cyprus (EAC) and the Cyprus Telecommunications Authority (CYTA)....

3. Chamber of Commerce warns of risks from Cyprus’ 1.5% wage hike

The Cyprus Chamber of Commerce and Industry (CCCI) has expressed concern over a new agreement between the Ministry of Finance and public sector unions to grant a 1.5% general wage increase starting in October 2024....

4. The 'Great Sea Interconnector' will cut electricity costs by 30%

Minister of Energy, Commerce, and Industry George Papanastasiou is set to meet with the management of Greece's Independent Power Transmission Operator (ADMIE) on Thursday to receive a comprehensive Cost and Benefit Analysis (CBA) for the Great Sea Interconnector (GSI) project, linking Cyprus, Greece, and Israel....

5. Cyprus sets course for cheaper electricity in 2025

Energy, Commerce, and Industry Minister George Papanastasiou unveiled Cyprus' ambitious plans for the Electricity Authority of Cyprus (EAC) during a press conference in Nicosia on Tuesday. ...

6. Cyprus President meets business leaders on HR, energy, and tax

7. Luxury retailers Saks and Neiman Marcus merge in big deal

A new luxury retail giant is emerging in the United States as the parent company of Saks Fifth Avenue acquires Neiman Marcus for $2.65 billion....

8. Temu, Shein & Ali Express: EU cracks down on Chinese imports

The European Union is taking steps to clamp down on the surge of low-quality Chinese imports flooding its markets. According to sources speaking to the Financial Times, the EU plans to impose tariffs on cheap products from platforms like Temu, Shein, and AliExpress....

9. Reflect Festival highlights traffic and housing challenges in Limassol

The recent Reflect Festival brought forth crucial discussions on pivotal issues affecting Limassol, prominently featuring traffic congestion and housing shortages as central topics. ...

10. Great Sea Interconnector study outlines benefits July 11

The Greek Regulatory Authority for Energy (RAAEU) has made a significant decision regarding the methodology for calculating the regulated revenue......

11. Government halts heavy industry in Vasilikos

The Cypriot government has granted a long-standing request from the Vasilikos area's coordinating committee, prohibiting further heavy industry licensing in the region....

12. Cyprus highlights its tech opportunities at London Tech Week

The Ministry of Energy, Commerce and Industry, alongside the Cyprus Trade Centre in London, represented Cyprus at the ''London Tech Week'' exhibition, held from June 10-12, 2024, at the Olympia Exhibition Center....

13. Montenegro's President Milatović to visit Cyprus

President of Montenegro Jakov Milatović is set to make a historic visit to Cyprus from June 6-8, marking the first official visit by a Montenegrin president to the country....

14. Tatar affirms growth of 'strong Turkish presence' in Cyprus

The Turkish Cypriot leader, Ersin Tatar, asserted during a lecture titled "Lessons Learned from the May 27 Coup and the Peace Operation in Cyprus......

15. Vasiliko: President dismisses 'velvet divorce' talks with Chinese firm

Cyprus President Nikos Christodoulides dismissed reports of a "velvet divorce" with the Chinese state-owned company CPP regarding the liquefied natural gas (LNG) terminal in Vasiliko....

16. Government prioritizes cross-border electricity links at EU council

Electricity interconnection with third countries is a constant priority for Cyprus, the Permanent Secretary of the Ministry of Energy, Commerce and Industry......

17. Some supermarkets charging more than advertised, says CPS

The Consumer Protection Service of the Ministry of Commerce in Cyprus is urging greater transparency in supermarket pricing, requesting the disclosure of discounts offered by supermarkets and the names of those included in the Price Observatory....

18. Cypriot lecturer named fellow of US Institute of Food Technologists

The University of Nicosia is delighted to announce that Dr. Phrosso Economidou Hadjilucas, a distinguished member of its teaching staff......

19. Limassol hosts inaugural Propeller Club event

The first Propeller Club event in Limassol convened shipping industry executives and institutional officials, marking a significant milestone in maritime cooperation....

20. 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. ...

21. Deloitte announces 2024 Technology FAST 50 rankings

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

22. Imported wine squeezes Cyprus market

According to Kathimerini reporter, Andreas Karamitas, wine marketing in Cyprus boasts an annual turnover of approximately €7 million, a sum primarily fueled by domestic consumption rather than exports, which only account for around €1 million. ...

23. Minister stands against early fees for Great Sea Interconnector

Cypriot electricity consumers should not be burdened with a surcharge before the operation of the electricity interconnector linking Greece and Cyprus and the consequent reduction of electricity costs, Minister of Energy, Commerce and Industry George Papanastasiou said on Monday....

24. Workplace harassment hits 1 in 3, EU report finds

A third of sexual harassment occurs in the workplace, European Commissioner for Health and Food Safety Stella Kyriakides said at an event organised by Cyprus Workers......

25. Cyprus Fire Service policy sparks concerns among lawmakers

The recent implementation of a new policy by the Fire Service of Cyprus regarding premises control has ignited discussions within the Parliamentary Committee on Energy, Commerce, Industry, and Tourism. ...

26. Hatzigiannis: ''The social responsibility of banks is non-existent''

Members of the Commerce Committee voiced disappointment following the responses provided by bank representatives regarding the installation of additional automatic teller machines (ATMs) to facilitate money withdrawals in communities....

27. Cyprus showcases business potential at Japan forum

Cyprus Energy, Commerce, and Industry Minister George Papanastasiou showcased Cyprus as a prime international business hub during the Cyprus-Japan Business Forum in Tokyo....

28. EU probes Chinese subsidy claims in Romania solar tender

29. Insights of the first Women Leaders’ Forum

On Tuesday, 26/03/24 the Women Leaders’ Forum 2024-IMH took place at Hilton in Nicosia. During the forum, business and professional sector leaders shared their insights on building, sustaining...

30. AI voice cloning raises alarm as US and UK forge landmark AI safety pact

A new form of deepfake technology, known as voice cloning, has recently surfaced, raising concerns about its potential misuse. OpenAI, a prominent tech company,...