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241. Bomb explosion targets vehicles in Germasogeia

A bomb exploded in a garage in the Panioti area of Germasogeia late on Tuesday night, November 26, sparking a fire that destroyed multiple vehicles. ...

242. Cyprus receives major credit rating boost from Moody’s

Last Friday, Moody’s delivered a major endorsement of Cyprus’ economic progress, upgrading its credit rating by two notches, from Baa2 to A3, with a stable outlook, according to a report by Panayiotis Rougalas. ...

243. Greek hoteliers sue booking.com over equal pricing rules

Greek hoteliers, led by the Hellenic Chamber of Hotels (HCH), are preparing to take legal action against Booking.com, claiming damages that could total tens of millions of euros....

244. 200 foreign companies and 1,200 new jobs in Cyprus in six months

Cyprus is experiencing a surge in foreign investment, with approximately 200 international companies establishing operations in the country during the first half of the year. ...

245. Government faces labor strikes as key sectors demand action

Cyprus is grappling with escalating labor unrest in its most crucial industries, as healthcare, construction, and tourism workers push for long-standing demands. ...

246. Eurobank acquires full control of Hellenic Bank

Eurobank has taken a significant step in consolidating its presence in Cyprus, announcing the acquisition of a controlling stake in Hellenic Bank, according to a report by Panyiotis Rougalas....

247. Paphos FC owner among 77 investors stripped of ''golden passports''

Sergey Lomakin, owner of Paphos FC, is among 77 foreign investors whose Cypriot citizenship, obtained through the controversial "golden passport" scheme, has been revoked by the Council of Ministers....

248. 26-year-old man scammed out of $110,000 in cryptocurrency fraud

A 26-year-old man in Limassol has fallen victim to a cryptocurrency scam, losing over $110,000 in an alleged online investment fraud, according to a complaint filed with the police earlier today....

249. November Newsletter of K. Treppides & Co Ltd - 25/11/2024

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. ...

250. Geoeconomic tensions and Cyprus: Staying the course amid challenges ahead

Geoeconomic fragmentation, the reversal of progress towards global economic and financial integration due to political and military conflict and strategic policy decisions, is rising....

251. Cyprus moves closer to NATO, talks begin on permanent U.S. military presence

According to an article written by Lena Argyris, Cyprus is strategically positioning itself for a potential future membership in NATO,...

252. Opening doors to the American dream: U.S. hosts NCAA event for Cypriot families

When people talk about the growing U.S. presence in Cyprus, the conversation often turns to big-picture topics—defense programs like Cyclops, humanitarian aid for Gaza, or strategic partnerships....

253. Primary residence and the benefit of 5% reduced VAT rate

Nowadays having your own permanent residence is a must, however the cost for the acquisition or construction of a house/apartment has significantly increased in the last few years....

254. FT: ICC issues arrest warrants for Netanyahu and Gallant

The International Criminal Court (ICC) has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former defense minister Yoav Gallant, accusing them of crimes against humanity and war crimes related to the war in Gaza....

255. FT: How oil and gas companies hide methane emissions, threatening climate goals

Methane, a potent greenhouse gas, is quietly driving climate change while remaining hidden from view. The oil and gas industry is among the largest contributors to this problem, with companies using various methods to obscure the true scale of their emissions. Here's what you need to know....

256. Rising food prices leave Cypriot households struggling

A recent survey reveals that consumers in Cyprus are increasingly worried about their financial future, as rising food costs and economic challenges weigh heavily on households....

257. Road to nowhere as Paphos-Polis project hits a dead end

The long-awaited Paphos-Polis Chrysochous road project has hit a major roadblock, with construction halted at just 21% completion and the Republic of Cyprus now facing legal challenges from the former contractor, INTRAKAT. ...

258. 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....

259. Understanding surrogacy in Cyprus: A legal guide to the legal process

Motherhood is a significant milestone in every woman's life, but for some, the journey to having biological children can be challenging. Due to medical conditions or infertility, many women and couples find themselves unable to conceive naturally. ...

260. 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....

261. Cyprus reunification 'off the table', says former U.S. Ambassador, warns Europe not to rely on U.S.

A statesman, a diplomat, and a patriot, John Koenig is the epitome of dedication to service and diplomacy. With a career spanning over three decades, he has served in pivotal roles across the globe, from his time as U.S. Ambassador to Cyprus from 2012 to 2015 to his earlier postings in Belgium, Greece, Indonesia, Italy, and the Philippines. ...

262. 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....

263. Israel-Cyprus-Greece energy ties more important than ever, says Ambassador

Israel’s Ambassador to Cyprus, Oren Anolik, emphasized the growing importance of cooperation between Israel, Cyprus, and Greece, particularly in the field of energy,...

264. Trump sues media companies over critical stories

As Donald Trump returns to the White House, he has escalated his legal actions against media organizations that have been critical of him. With only two months left before his second term, Trump, a convicted felon, has launched a series of lawsuits against outlets like the New York Times, Penguin Random House, and the Daily Beast....

265. DBRS Morningstar: Cyprus shows strong recovery in tackling bad loans

Cyprus is starting to see some positive shifts in its financial sector, particularly when it comes to tackling non-performing loans (NPLs) – loans that borrowers have stopped paying. ...

266. ARIS │ A REALLY INSPIRING STORY is looking to cultivate new stories of success

267. Cyprus faces multi-million Euro losses as major development projects collapse

Cyprus is facing significant financial and logistical challenges following the abrupt termination of contracts for major infrastructure projects, with some cases likely to lead to costly legal battles....

268. Bank workers union sets sights on big move in Bank of Cyprus

Last Thursday, the Cyprus Bank Employees' Association (CBA) announced it had sold its shares in Hellenic Bank to Eurobank, but already, reports suggest ETYK, the Cyprus banking employees’ union, is eyeing its next investment....

269. Lois Builders slams contract termination, cites mismanagement and delays

Lois Builders Ltd. has issued a statement in response to the recent termination of its contract for the Fishing Reserve and Liopetriou River project, calling the move ''unprecedented.''...

270. Experts warn certain Google searches can lead to hacking

Cybersecurity experts are urging caution when using Google search, revealing that some common search terms can expose users to serious risks, including hacking and malware infections....