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151. Didn’t know? Should’ve asked!

The Presidential Office appears to be in search of the 200 companies that have invested in Cyprus—a surprising development given the article published in "K" on November 24th....

152. Affordability, Urbanization, and Sustainability: How Real Estate in Cyprus, Greece, and Romania Will Evolve by 2029

The next five years will redefine the real estate markets of Cyprus, Greece, and Romania....

153. Nicosia aims to become tourism and investment hub

Nicosia’s aspirations to become a vibrant hub for tourism and investment were showcased at the Annual General Meeting of the Nicosia Region Tourism Development and Promotion Company (LTO), held yesterday at the Old Town Hall....

154. Cybersecurity and ICT risks emerge as leading drivers of operational risk

Geopolitical tensions have significantly increased operational risks, particularly in the areas of cyber and digital threats, as well as risks related to money laundering and sanctions compliance....

155. Major companies eye Cyprus as European HQ, says annual securities report

The President of Cyprus, Nicos Christodoulides, met with the Cyprus Securities and Exchange Commission (CySEC) at the Presidential Palace to receive their 2023 annual report. ...

156. 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. ...

157. 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. ...

158. Limassol’s growth deserves equal support

Who is driving development projects in Limassol, and how far have they progressed? Who decides how state development funds are allocated, and based on what criteria?...

159. Trump plans massive tariffs on imports from Mexico, Canada, and China

In his latest announcement, President-elect Donald Trump has proposed steep tariff hikes on goods coming from Mexico, Canada, and China, set to begin on the first day of his administration...

160. 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....

161. Spain fines Ryanair and other low-cost airlines €179M for abusive practices

Spain's Ministry of Consumer Affairs has slapped five major low-cost airlines with hefty fines totaling €179 million for a range of alleged abusive practices, including charging extra fees for hand luggage. ...

162. Cypriot company brings Pizza Hut back to Greece

Pizza Hut is making a comeback in Greece, this time under the management of PHC Franchised Restaurants Ltd, a Nicosia-based company that oversees approximately 120 franchised restaurants and cafes in Greece and Cyprus....

163. EIB President Nadia Calviño to visit Cyprus for talks and office opening

Nadia Calviño, the President of the European Investment Bank (EIB), is set to make her first official visit to Cyprus on Friday, November 22, where she will open the new EIB Group office and hold talks with Cypriot leaders....

164. Greek workers strike over rising costs and low wages

Greek workers are currently on strike today, Wednesday, causing disruptions at ports, and on buses and trains. The nationwide strike, which includes transport workers, doctors, teachers, and construction workers, is a protest against rising living costs and demands for higher wages....

165. Cyprus court upholds tougher rules for 'glamping' projects

The Supreme Constitutional Court recently made a decision that has significant implications for luxury camping (glamping) and visitor farm projects in Cyprus. ...

166. PwC Cyprus partners with leading companies for groundbreaking Project Symbiosis

A leading Consortium comprised of PwC Cyprus, Multimarine Services Ltd, SignalGeneriX Ltd, and Theophrastus Research Institute, has been awarded the Project Symbiosis to Harmonise Offshore Renewable Energy with Defence Operations by the European Defence Agency (EDA)....

167. 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....

168. KPMG Cyprus unveils: KPMG Cyprus Real Estate Market Report Insights-13th edition

The pipeline of real estate projects in Cyprus continues to expand in 2024, with residential developments leading the way. Market liquidity appears to be improving, with Limassol dominating the overall market and the high-end residential segment for 2023 and the first half of 2024....

169. Kalopanagiotis and Pissouri named among World’s Best Tourist Villages for 2024

Two villages from Cyprus, Kalopanagiotis and Pissouri, have been recognized as among the best tourist destinations in the world for 2024 by the World Tourism Organization (UNWTO)....

170. 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. ...

171. Cyprus economy grows by 3.9% in Q3 of 2024

Cyprus’ economy recorded a strong performance in the third quarter of 2024, with GDP growth reaching 3.9% in real terms compared to the same period in 2023, according to data released on Thursday by the Cyprus Statistical Service....

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

173. Cyprus’ floating LNG unit 'Prometheus' finally sets sail from Shanghai

After months of delays linked to the Vasilikos scandal, Cyprus' Floating Storage and Regasification Unit (FSRU) 'Prometheus' is finally set to leave Shanghai in early December. ...

174. 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....

175. Greek real estate fourth cheapest in Europe, draws foreign buyers

The Greek real estate market has significant prospects for establishing itself as one of the main destinations for foreign home buyers, being the fourth cheapest in Europe....

176. The Guardian quits X, citing ''toxic'' platform and Musk’s Trump ties

The British newspaper group The Guardian has decided to stop posting on X, formerly known as Twitter, citing concerns over what it describes as a ''toxic media platform.''...

177. 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. ...

178. BOC finalizes sale of troubled loans to boost stability and growth

In September 2024, the Bank of Cyprus reached a deal with funds linked to Cerberus Global Investments B.V. to sell a portfolio of non-performing loans—primarily business loans backed by collateral. ...

179. Cyprus GDP and living standards improve, but challenges remain

Cyprus' living standards have continued to improve, with the country's GDP per capita reaching 95% of the EU average in 2023, according to recent data from the Statistical Service of Cyprus....

180. Cyprus trade deficit drops by €1.18 billion as imports and exports decline

Cyprus’ trade deficit dropped significantly by 17.4%, or €1.18 billion, in the first nine months of the year compared to the same period in 2023, according to provisional data from the Statistical Service of Cyprus (Cystat). ...