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31. Abbas names Hussein al-Sheikh as deputy

On Saturday, Palestinian President Mahmoud Abbas officially named his trusted ally, Hussein al-Sheikh, as his deputy, setting him up as the most likely successor. ...

32. Is development finance the key to fixing London’s housing crisis?

London’s housing crisis is certainly nothing new, but its consequences are becoming increasingly harder to ignore....

33. Ancoria Bank shifts to Cypriot hands in major shake-up

Banking changes in Cyprus are rolling full steam ahead in 2025, with Ancoria Bank now seeing a major shift in its ownership. Entrepreneur and co-founder of XM, Kostas Kleanthous, has reached an agreement to buy more than 50% of Ancoria Bank, making him the new majority shareholder. ...

34. Cyprus posts second-highest budget surplus in the EU for 2024

Cyprus has posted the second-largest government surplus in the European Union for 2024, tying with Ireland and just behind Denmark, according to new data released by Eurostat on Tuesday....

35. Apple ditches China for India to dodge Trump’s tariffs

Apple is planning a major shakeup in how, and where, it makes iPhones for the U.S. market. Starting as early as next year, the tech giant wants all iPhones sold in America to be assembled in India, instead of China. The reason? Tariffs. ...

36. Deloitte announces Technology FAST 50 Middle East and Cyprus fourth edition rankings

Deloitte Middle East has released the results of the fourth edition of the Middle East Technology Fast 50, recognising the fastest-growing technology companies across Cyprus and the Middle East....

37. VAT challenges for Electronic Money Institutions

In the digital age, Electronic Money Institutions (EMIs) have become an integral part of the financial ecosystem, offering a range of services that facilitate digital transactions....

38. Cyprus restarts gas project with European aid and floating giant Prometheus

Cyprus is gearing up to revive its biggest energy project, the long-delayed natural gas terminal at Vasilikos, after a rocky period following the exit of a Chinese consortium that had taken the lead. ...

39. Dubai chocolate craze sparks global pistachio shortage

You’d never guess that a fancy chocolate bar from Dubai could shake up the global nut market, but that’s exactly what’s happened....

40. Thousands ignore traffic camera fines despite extension

Most drivers caught by traffic cameras in Cyprus are still not paying their fines, despite repeated warnings and an extension that gave them extra time to settle the penalties....

41. April Newsletter of K. Treppides & Co Ltd – 09/04/2025

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....

42. April Newsletter of K. Treppides & Co Ltd – 04/04/2025

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....

43. Farewell, Makareio: Nicosia’s historic stadium to transform into modern sports hub

The historic Makareio Stadium in Nicosia is officially shutting its doors, but not without a plan. According to the president of the Cyprus Sports Organisation (KOA), Yiannis Ioannou, the stadium will be transformed into a state-of-the-art sports complex designed for the future....

44. Bank of Cyprus buys out Ethniki Insurance in €29.5M deal

The Bank of Cyprus is making a bold move to strengthen its footprint in the island’s insurance market, announcing today that it has signed a binding agreement to acquire 100% of Ethniki Cyprus Insurance Ltd....

45. IMF: Cyprus public sector salaries 27% higher than private sector

In a recent report released by the International Monetary Fund (IMF), the gap between salaries in the public and private sectors in Cyprus has been laid bare; public sector wages are 27% higher, with the discrepancy reaching 32% among those with higher education qualifications....

46. Cypriot Gen Z rethinks alcohol: A sobriety shift or economic reality?

Cyprus's Generation Z is at the heart of a global shift in drinking habits, and local experts suggest the trend is taking root on the island as well....

47. Trump’s tariffs aren’t the real threat, Cyprus needs a wake-up call

The first reaction in Cyprus to Trump’s tariffs was the worry that halloumi, salt, and olive oil would become more expensive....

48. Revolut slapped with record fine over money laundering lapses

British fintech giant Revolut, one of the world’s most valuable start-ups, has been fined €3.5 million by Lithuania’s central bank for failing to properly monitor suspicious transactions and protect against money laundering....

49. Rents keep climbing, but house prices aren’t going anywhere

If you’re renting in Cyprus, you’re not imagining it; it really is getting more expensive year after year. New figures from Eurostat confirm that rents on the island jumped by 4.6% in 2024 compared to the previous year, continuing a steady upward trend that’s been going on since 2017....

50. Mortgage rates dip in Cyprus, but we're still paying more than the rest of Europe

Mortgage interest rates in Cyprus dipped slightly in February, offering some relief to prospective homeowners, but don't pop the champagne just yet. Despite the modest cuts, borrowing in Cyprus remains noticeably more expensive than in the rest of the Eurozone....

51. Cyprus means business: Christodoulides wraps up high-stakes U.S. investment tour

Cyprus Means Business: Christodoulides Wraps Up High-Stakes U.S. Investment Tour Subtitle: ...

52. Cyprus woos Wall Street as bankers back presidential pitch in the U.S.

Cypriot bankers have expressed their satisfaction with President Christodoulides' recent visit to the United States, where he promoted Cyprus as an attractive destination for investment. ...

53. Silicon Valley backed Trump but gets no favor in return

Silicon Valley's top tech titans may have bet big on Donald Trump’s second term, but they’re finding little return on their investment....

54. Human Rights Court voices concern over migrant treatment in Cyprus

Cyprus has come under increased scrutiny for its handling of migration, with the Auditor General's recent report shining a light on several serious issues despite efforts to reduce illegal arrivals. ...

55. Turkey irked by Greece–Cyprus power cable plans near Karpathos

56. Police warn of scam texts demanding payment for traffic fines

Cyprus police are sounding the alarm over a wave of scam messages being sent via social media and mobile phones, claiming recipients must pay fines for alleged traffic violations....

57. Anastasiades breaks silence: ''My associates were not Drousiotis' sources''

In an exclusive interview, former President Nikos Anastasiades opens up about his new book, 'The Sycophant', and the ongoing feud with journalist Makarios Drousiotis....

58. March Newsletter of K. Treppides & Co Ltd – 27/03/2025

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....

59. Cyprus considers cutting-edge cell transplant center

A proposal to create a unit for stem cell treatments, including allogeneic transplants (where stem cells are taken from a donor), was presented today to the Parliamentary Committee on Health....

60. Trump declares tariff war, with chart in hand

At an official press conference, armed with a glossy chart and his signature bravado, former President Donald Trump unveiled what he described as ''the greatest, most incredible, America-first tariff plan you've ever seen.''...