Search

1. 50 million luxury shoppers pull back as market slows

For the first time since the 2009 financial crisis, the luxury goods market is losing its shine. A whopping 50 million shoppers have stopped splurging on designer bags, watches, and other high-end items, according to Bain & Company’s latest report....

2. November Newsletter of K. Treppides & Co Ltd - 15/11/2024

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

3. Laiki Bank liquidator raises €90.8 million for depositor compensation

According to a report by Panayiotis Rougalas in this Sunday's Kathimerini, the liquidator of the former Laiki Bank, Avgoustinos Papathomas, has achieved a key milestone in efforts to compensate creditors, particularly depositors who lost money during the bank’s 2013 collapse....

4. The First Cyprus Influencers & Creators Festival: A Remarkable Debut!

The first International Content Creators Festival took place from November 8-10, 2024, at Cap St. Georges Hotel & Resort, located at the picturesque Cape St. George in Paphos. ...

5. 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. ...

6. Christodoulides and Erdogan hold rare talks at European Summit in Budapest

President Nicos Christodoulides and Turkish President Tayyip Erdogan engaged in an informal meeting Thursday on the sidelines of the European Political Community (EPC) summit in Budapest....

7. 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....

8. 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....

9. The weeks of the German language 2024

The Embassies of Austria, Germany, Switzerland, and the Goethe-Institut Cyprus organize for the 8th consecutive year ''The Weeks of the German Language'' from the 1st to the 26th of November 2024. ...

10. Cyprus repays over €1B in debt, easing financial strain

Cyprus made strides in paying down its debt in the second quarter of 2024, settling over €1 billion in bonds and loans....

11. USA: Georgia teen wins top prize for device that detects pesticides

Sirish Subash, a 9th grader from Snellville, Georgia, has been named ''America’s Top Young Scientist'' after creating an innovative handheld device that detects pesticide residues on fruits and vegetables....

12. Christodoulides' White House visit reflects US - Cyprus unity ahead of US Election

The official visit of President Nikos Christodoulides to the White House today underscores the deepening strategic partnership between Cyprus and the United States. ...

13. Euronet remains only bidder in delayed JCC sale

The process for the sale of JCC Payment Systems, which began confidentially over the summer, appears to have hit a "snag," with Euronet as the only prospective buyer. ...

14. From TikTok to Parliament? Cyprus influencers set sights on 2026 Elections

Since Fidia's Panayiotou's election to the European Parliament, with nearly 73,000 votes, political observers in Cyprus have been analyzing the so-called "Fidias phenomenon."...

15. Cyprus and U.S. strengthen crime-fighting cooperation

The House Plenary of Cyprus approved an important agreement on Thursday aimed at boosting cooperation between Cyprus and the United States in the fight against serious crime....

16. University of Nicosia Hosts Ceremonial Event for NEOLAiA European University Alliance

17. Cypriot citizens linked to $75 million money laundering probe in the French Riviera

French authorities have seized about $75 million worth of real estate and luxury cars in the French Riviera as part of a money-laundering investigation involving two Russian businessmen who hold Cypriot citizenship, according to a published report on the OCCRP.org website. ...

18. Larnaca ChristmasLand returns: A winter wonderland awaits in Europe Square

Get ready to step into a world of holiday magic as Larnaca ChristmasLand opens its doors, kicking off the festive season in Cyprus! ...

19. Bank of Cyprus shareholders moving at different speeds

CarVal Investors recently sold 3% of its 9.09% stake in Bank of Cyprus, sparking speculation that other shareholders may follow suit and sell their shares....

20. Priest halts wedding over bridesmaid's ''catwalk moment''

In what can only be described as an unforgettable scene at a wedding in Paiania on Saturday (16/10), a priest temporarily stopped the ceremony due to a bridesmaid's fashion faux pas...

21. Secrets to building winning teams in the digital era

At this year’s Digital Agenda Cyprus Summit, held in Nicosia, Beth Davies, a renowned expert in talent management and company culture, took center stage to share her insights on the future of work....

22. Effort to create new cooperative bank in Cyprus begins with IPO search

The Cypriot company for the promotion of the cooperative movement is at the process of seeking an investment firm that would underwrite an initial public offering for the creation of a “small cooperative bank” in Cyprus that would replace the Cooperative Cyprus Bank which went into liquidation back in 2018, Panikos Hambas told CNA....

23. Freedom Holding Corp. marks 5th anniversary of Nasdaq IPO with significant growth milestones

Freedom Holding Corp. (FRHC) is celebrating the fifth anniversary of its IPO on the Nasdaq Capital Market, one of the world’s leading stock exchanges. ...

24. Frustrated graduates flee abroad as job markets fail them

Over the past two decades, an educational revolution swept through much of the developing world. ...

25. MED9 Summit in Cyprus pushes for humanitarian aid to Gaza

At a time when the war crisis in the Middle East is intensifying, raising global concerns, the 11th summit of southern European leaders in Cyprus provided a platform for the EU to address criticism of its inaction on calls for a ceasefire. ...

26. France offers deals to win Cyprus defense contracts

According to Apostolos Tomaras in this Sunday's Kathimerini, France is working to maintain a strong foothold in Cyprus' National Guard as the Republic of Cyprus upgrades its military arsenal....

27. Finance Minister coordinates with EU Trio on 2025 Presidency

Minister of Finance Makis Keravnos met in Luxembourg with his counterparts from Poland and Denmark regarding the preparation of the Cypriot......

28. Larnaca customs seizes over 1kg of cannabis hidden in cereal boxes

Cyprus Customs officers seized over one kilogram of cannabis concealed in a postal package at Larnaca International Airport, authorities announced Monday....

29. Cyprus nears inclusion in U.S. Visa Waiver Program

Cyprus is progressing toward inclusion in the U.S. Visa Waiver Program, a move expected to simplify travel for Cypriots while strengthening cooperation between the two nations in combating serious crime....

30. Trump: Migrants who murder have 'bad genes'

Former President Donald Trump suggested that some migrants in the U.S. who have committed murder may be predisposed to violence, saying it's "in their genes." ...