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541. Dr. Anastasatos forecasts bright future for Cyprus economy

Eurobank group's chief economist, Dr Tasos Anastasatos, expresses optimism about the Cyprus economy, emphasizing that the decision to expand the group's banking presence in Cyprus is linked to these positive economic prospects....

542. Houthi strikes send prices soaring in global trade

In recent weeks, the developments in the Red Sea, with the Houthi attacks on commercial ships and their impact on global trade, have dominated the discussions of suppliers with their partners....

543. Companies spared fines for real beneficiaries registry

In light of recent reports, the Department of Companies and Intellectual Property (DCIP) in Cyprus provides updates on the implementation of Law 188(I)/2007 addressing the Prevention and Combating of Money Laundering....

544. Cyprus real estate booms in Q3 2023

Cyprus experienced a real estate boom in the third quarter of 2023, with housing prices soaring and a surge in demand from both domestic and foreign buyers, according to data released by the Central Bank of Cyprus (CBC) on Wednesday....

545. Atterbury Europe unveils green vision for Limassol Mall

In a groundbreaking move towards a sustainable and environmentally friendly future, Atterbury Europe is set to revolutionize the construction and operation of the proposed Mall of Limassol. ...

546. Home building costs up by 20%, insights for buyers

Geopolitical developments, marked by conflicts in Ukraine and Gaza, have led to a notable surge in house prices, revealing a 20% increase in construction costs since 2019,...

547. Construction: Say farewell to building permits

In a groundbreaking move to simplify the development control system, Cyprus is set to abolish urban and building permits for small-scale projects....

548. University of Nicosia hosts XRPL Hackathon in 2024

The University of Nicosia (UNIC) is excited to announce the Cyprus Tech Odyssey: XRPL Hackathon 2024, in collaboration with Ripple, scheduled to take place between January 18-20, 2024....

549. Christodoulides' strong message: Ignore sirens, focus on governance

The swearing-in and assumption of duties of the new ministers and officials of the government took place today (10/01), at the Presidential Palace....

550. Seven drones shot down in major Red Sea battle

In a high-stakes operation, a British warship thwarted seven drones launched by Iranian-backed Houthi fighters in the Red Sea....

551. Global economy faces worst 5-year period in 30 years

The World Bank projects a sluggish global economy from 2020 to 2025, marking the worst five-year period in the last three decades....

552. Cyprus faces widening trade gap as imports rose in 2023

Cyprus bought more goods from other countries than it sold to them by nearly €8 billion from January to November 2023. That's up by about €962 million compared to the same time frame in 2022, according to new data from Cyprus' statistics office....

553. Cyprus redefines sustainability with new renewable energy grants in housing

In an exclusive announcement, the Ministry of Energy, Trade, and Industry is reaching out to stakeholders for their input on the innovative ''Grant Scheme for Renewable Energy and Energy Saving in Housing 2024-2025.''...

554. Cyprus and UK businesses join forces in new strategic partnership

The Cyprus Organization for Standardization and the Great Britain-Cyprus Business Association (GBCY) have announced a new strategic collaboration....

555. Persianis reveals limited cooperation with Finance Ministry

For the limited cooperation with the Ministry of Finance, for the wrong interpretation of the research with a political prism and for the fiscal risks, the President of the Fiscal Council of Cyprus......

556. 79% jump in consumer complaints this year

In a substantial leap from 2022, the Cyprus Consumer Association reports a noteworthy spike in four complaint categories in 2023....

557. Elon Musk's late SpaceX meeting sparks concerns over drug use

Elon Musk's usually dynamic SpaceX meetings took a bizarre turn recently, as the CEO arrived fashionably late, only to deliver a rambling and incoherent speech that left executives privately questioning his state of mind, according to The Wall Street Journal....

558. Far-right and conservatives gain momentum in Europe

The far-right and conservative parties are gaining strength across Europe, while the possibility of reaching up to 29% of the seats in the European Parliament is visible, explains to "K" Tobias Gerhard Schminke, founder of the platform for collecting electoral data Europe Elects....

559. US cities struggle as record 36,000 migrants arrive

The United States finds itself at a pivotal moment as cities across the nation grapple with a surge in migrants, placing President Joe Biden under increasing pressure from both Republicans and Democrats....

560. Cyprus to welcome its first crematorium in Paphos

In a groundbreaking move, the industrial heart of Agia Varvara in Paphos District is poised to witness the commencement of construction for Cyprus's inaugural crematorium within the first half of 2024....

561. Cyprus tax reform targets green initiatives and economic revitalization

By March 2024, the initial six phases of the tax transformation project commissioned by the Ministry of Finance to the Centre for Economic Research of the University of Cyprus will conclude,...

562. CIFA projects optimistic 2024 for Cyprus investment funds amid challenges

The Cyprus Investment Funds Association (CIFA) has expressed optimism for the Investment Funds sector in Cyprus in 2024, projecting another positive year despite existing challenges and uncertainties, according to a press release. ...

563. EU implements new VAT transparency rules targeting e-commerce fraud

The EU’s new transparency rules against Value-Added Tax (VAT) fraud have come into effect starting on January 1st, the European Commission has announced....

564. Cyprus unveils new e-consultation platform for public feedback

The Council of Ministers approved Thursday the establishment of a public consultation platform, known as e-consultation, Minister of Finance Makis Keravnos said after the Cabinet meeting....

565. Tension peaks in Cyprus natural gas development

The development of the Natural Gas network of Cyprus has become a tangled mess, as after the delays in the schedules......

566. Cyprus grapples with lingering private debt woes

In Cyprus, the European Commission consistently highlights the significant economic challenge of private debt through regular post-program or post-memorandum reports....

567. Mayfair shaken by £300K Ferrari collision

A high-octane saga unfolded on the streets of London's Mayfair as a £300,000 Ferrari 296, painted in regal purple, met its match in a collision with a bollard on New Year's Day. ...

568. Finance Ministry undergoes administration overhaul

569. Cyta unions stage two-hour work stoppage over staff future

In response to management's proposed alterations to the future of Cyta's staff, the unions are initiating a decisive move with a two-hour work stoppage today from 8-10 am....

570. Cyprus makes the cut in new tax-friendly nations list

In a recent announcement, the Ministry of Finance shed light on the revised list of countries enjoying preferential tax status under the Independent Authority for Public Revenue of the Hellenic Republic (IAEA)....