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151. Cyprus' mountain resorts see revival with government’s hotel upgrades

Cyprus' mountain resorts are seeing a business boom, thanks to a government-backed subsidy scheme aimed at upgrading hotels and tourist accommodations. ...

152. Alexandroupolis and Cyprus in Ankara's ''crosshairs''

From the upgrading of Alexandroupolis as a naval base to the military support of Cyprus, the strategic rearrangement of the region raises serious questions about the future security balances in the Mediterranean and the Balkans....

153. Eurobank moves for full control of Hellenic Bank in major takeover push

February is shaping up to be a pivotal month for Hellenic Bank, as key financial moves unfold, including a full takeover bid by major shareholder Eurobank, the completion of key acquisitions, and a voluntary exit plan for employees....

154. EU warns of strong response to possible US tariffs

The European Union has expressed deep concern over potential US trade measures, cautioning that any tariffs imposed on European goods would trigger a firm response....

155. Europe at a crossroads: Act now or fade into irrelevance

Cyprus MP Michalis Sophocleous has laid out a stark and urgent vision for the European Union’s future. His recent statement on X is not just a policy wishlist—it’s a call for Europe to wake up before it becomes a relic of the past....

156. Consulco's newest investment opportunity, Compartment C

Consulco, a leading specialist investment manager with a distinguished 30-year history, proudly announces the launch of Compartment C of the LC London Credit AIF V.C.I.C. Public Ltd (''the London Credit Fund''). ...

157. New EU directive to shake up electricity pricing in Cyprus

158. NASDAQ-listed Freedom24 is making its mark in Cyprus and beyond

When Timur Turlov, the CEO of Freedom Holding Corp., set his sights on Cyprus, he saw more than just a financial hub—he saw opportunity. In a market where fintech companies are staking their claims, ...

159. Superhome Center sold to Greek company for €94 million

The sale of Superhome Center to Vasilitsi DIY for €94 million has been approved by the Board of Directors of Ermes Department Stores Plc....

160. Cyprus’ tax reform aiming for innovation, sustainability, and simplicity

A major tax reform is underway in Cyprus as part of the Tax Transformation Project, led by the Centre for Economic Research (CER) at the University of Cyprus. ...

161. Cyprus ended 2024 with a banking boom as loans and deposits surged

Cyprus closed out 2024 with a surge in banking activity, as both loans and deposits saw substantial increases, according to the latest data from the Central Bank of Cyprus (CBC). ...

162. Cyprus vs. bureaucracy: Can the red tape finally be cut?

For years, bureaucracy has been a major roadblock for businesses in Cyprus. ...

163. Christodoulides unveils ambitious plans in State of the Union address

President Nicos Christodoulides has outlined a sweeping reform plan for 2025, aiming to enhance governance, strengthen security, and accelerate digital transformation. ...

164. Investment and owner occupancy opportunities by AstroBank

AstroBank has listed for sale a large commercial/residential property in Peyia, as well as other investment opportunities and properties for sale in Nicosia, Paphos, Larnaca and Famagusta....

165. Cyprus at the heart of major criminal network bust

Spanish authorities are continuing their investigations into a major international criminal network involved in human trafficking and money laundering that operated across Cyprus and several European countries, according to Cyprus Police Spokesperson Kyriaki Lambrianidou....

166. Chinese AI startup DeepSeek shakes US tech and Wall St.

In a major turn of events, U.S. President Donald Trump has called the Chinese start-up DeepSeek a ''game-changer'' for the future of artificial intelligence (AI), urging the U.S. tech industry to "wake up" in response to the sudden disruption the company has caused. ...

167. Abu Dhabi’s PureHealth expands into Cyprus

Cypriot citizens may soon see noticeable changes in their healthcare services following a significant acquisition deal involving PureHealth, an Abu Dhabi-based healthcare company....

168. 100% tax on foreign buyers in Spain

Spain’s Prime Minister Pedro Sanchez has proposed bold measures to address the country’s housing crisis, including a 100% tax on homes purchased by non-EU foreigners....

169. Cyprus moves closer to energy independence as drilling begins in Block 5

Excitement is building as drilling in Block 5 of Cyprus’ exclusive economic zone (EEZ) officially began on Friday. President Nikos Christodoulides announced the development with enthusiasm, highlighting its potential to position Cyprus as a key player in the European energy market....

170. Long-awaited highway finally on track with €330 million price tag

The long-delayed Polis Chrysochous-Paphos highway project, now estimated to cost a staggering €330 million, is finally moving forward with a completion target set for 2030-2032....

171. Mohamed Salem case: Acquitted on naturalisation charges

The Supreme Court on Thursday acquitted most of the defendants in a case involving irregularities in the Cyprus Investment Programme (CIP) related to the naturalisation of investor Mohamed Salem and his family....

172. $500 billion AI project aims to transform the U.S., but sparks rivalries

President Donald Trump and leading tech executives have announced an ambitious $500 billion project, dubbed "Stargate," aimed at expanding AI data centers across the United States. ...

173. New €26 million fund to boost startups in Cyprus

33East, a venture capital firm based in Cyprus, has launched its first fund with an initial close of €26 million. ...

174. 435th Squadron at Papandreou Base for infrastructure upgrade

An assessment team from the 435th U.S. Air Force Emergency Response Support Squadron is visiting Cyprus this week....

175. Greek companies dominate Cyprus market with expanding investments

In recent years, a wave of Greek companies has been making significant strides in Cyprus, investing across various sectors and expanding their reach....

176. Demetra shareholders face tough decision over Logicom’s €1.55 offer

The decision facing thousands of shareholders of Dimitra Investment is not an easy one....

177. Eurobank sells €27M stake in Demetra Holdings

In a significant financial move, Eurobank announced the completion of the sale of its 8.58% stake in Demetra Holdings Plc to Logicom Services Limited. The deal, finalized on January 16, 2025, involved the sale of 17,152,353 shares at €1.55 per share, totaling approximately €27 million....

178. Why are Cypriot businesses being sold off to foreign interests?

Greek businesses have made a significant impact on the Cypriot market, investing across virtually every sector—from real estate and hospitals to supermarkets, toy stores, energy, electronics, car dealerships, and even banks....

179. Golden passport scandal: Trial postponed for ex-Minister and associates

The high-profile case involving naturalizations under the Cyprus Investment Program has been postponed, with proceedings now set to resume on March 18, 2025....

180. Historic Italian island faces Sotheby's auction unbeknownst to local residents

Local residents of Bacoli, near Naples, were left stunned and disheartened when it was announced that the historic Punta Pennata island is being auctioned off by Sotheby’s. ...