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1. 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....

2. 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. ...

3. Extreme winds push California fires out of control

Fierce winds lashed California on Wednesday, feeding fast-moving wildfires that destroyed dozens of homes and forced thousands to evacuate....

4. Trump declares victory: ''God spared me to save the country''

Donald Trump has done it again. Not only is he back in the White House, but he’s also making history as the first former president to win a second, non-consecutive term....

5. Cyprus claims gold and three bronze medals at ISF Gymnasiade in Bahrain

6. Cyprus surpasses pre-pandemic financial levels with growing surplus

Cyprus is bouncing back from recent economic challenges, with its financial health improving dramatically. Current fiscal surpluses now exceed what they were before the pandemic, thanks to a significant increase in revenue....

7. Cyprus: The new Switzerland and other tall tales

Hope for a solution has been granted a stay of execution—albeit on life support—and almost all political parties welcomed this development....

8. Bank profits in crosshairs as tax talks heat up

The future of a special tax on bank deposits paid to the state may be heading for a shift, though a final decision is not guaranteed. ...

9. Protests rise against Barcelona's growing tourist influx

Barcelona is grappling with a surge in tourism that has led to rising tensions among locals. Iconic landmarks like Sagrada Familia and Park Güell, along with bustling streets like Las Ramblas, are attracting 170,000 visitors daily, according to city authorities. ...

10. UK youth joblessness jumps 25% since 2022

A growing number of young people in the United Kingdom......

11. Olive oil and potato prices surge in Cyprus by over 50%

Olive oil and potatoes saw the largest annual price increases in September 2024, surging by 61.3% and 57.7% respectively, according to data from the Cyprus Consumer Association....

12. Building permits surge 150% in June amid major reform

Building permits issued in Cyprus saw a massive 150% jump in June 2024 compared to the same month last year, as authorities worked to clear a backlog ahead of a major reform. ...

13. Sales of locally produced goods jump 13.7% in 2022

In 2022, Cyprus saw a big jump in sales from local factories, reaching €4.29 billion, up 13.7% from the previous year’s €3.78 billion, according to the Statistical Service of Cyprus (Cystat)....

14. Bon Jovi helps save woman from jumping off Nashville bridge (vid)

Rock icon Jon Bon Jovi is being credited with helping save a woman’s life on Wednesday after encountering her on the John Seigenthaler Pedestrian Bridge in downtown Nashville....

15. Armed man threatens explosion in central Athens standoff

Authorities have responded to a crisis on Acharon Street in central Athens, where a man is threatening to cause an explosion using a gas cylinder or jump from the sixth-floor balcony of an apartment building....

16. Cyprus celebrates strong showing at Paris 2024 Paralympics

Cyprus has celebrated a triumphant performance at the Paris 2024 Paralympic Games, with the country's delegation securing two medals and delivering strong results across multiple events....

17. Brexit leads to sharp decline in EU students at UK universities

The number of students from the European Union enrolling in British universities has dropped sharply since Brexit, new figures show. There are fewer students from Italy, Germany, and France coming to study in the UK....

18. Inflation slows as August sees small price increases

Inflation in Cyprus slowed down in August 2024, with prices rising by 1.5%, compared to a 2.11% increase in July. The Consumer Price Index (CPI), which measures the cost of living, went up slightly from 117.73 to 118.10....

19. Cypriot athletes shine bright at Paris 2024 Olympics

Team Cyprus had a blast at the Paris 2024 Olympics, with their athletes dazzling on the world stage. The Cypriot squad, led by Elena Koulichenko, Milan Trajkovic, and Olivia Fotopoulou, showed off their talents and made their country proud....

20. Trade deficit slashed by 20% in 2024 amid falling imports

Cyprus saw its trade deficit shrink by over 20% in the first half of 2024, according to the latest data from the Statistical Service. The trade deficit, which is the difference between what the country imports and exports, fell to €3.57 billion, down from €4.48 billion during the same period in 2023....

21. Cyprus rewards Olympians with substantial bonuses

Cypriot athletes are set to receive substantial financial rewards following their performances at the Paris Olympics, reflecting the nation's commitment to honoring its sports stars....

22. Russian athletes banned from TV and opening at Paris Olympics

In Russia, the Olympics are not broadcast on television, and some politicians and media have labeled athletes competing in Paris as traitors. ...

23. Impressive Olympic outcomes for Cypriot athletes

The efforts of Pavlos Kontides and Denis Taradin in the sea present the most important chances of distinction among the representatives of the Cypriot delegation at the Paris Olympics....

24. Kulichenko makes history for Cyprus in Olympic high jump final

Cyprus’ high jump athlete Elena Kulichenko finished seventh in the High Jump final at the Paris 2024 Olympic Games, making history as the first female Cypriot athlete to compete in an Olympic final in her first participation in the Games....

25. August Newsletter of K. Treppides & Co Ltd: European Securities and Markets Authority

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....

26. Cypriot Elena Kulichenko jumps into Olympic final

Elena Kulichenko, a 22-year-old athlete from GSI, has qualified for the final of the high jump at the Olympic Games. Koulinchenko cleared 1.92 meters on her first attempt and 1.88 meters on her second, securing her spot in Sunday’s grand final, which will feature 12 competitors....

27. Cyprus inflation slows in July after three months of rising costs

Inflation in Cyprus took a breather in July after three months of climbing prices. According to new figures released by the Cyprus Statistical Service, the cost of living went up by 2.1% in July. ...

28. Cyprus sees significant uptick in new loans

In June 2024, new loans in Cyprus substantially increased, reaching €330.6 million, up from €234.9 million in May. Data from the Central Bank of Cyprus (CBC) show that total new loans, which include both new and renegotiated contracts, climbed to €514.9 million from €391.6 million the previous month....

29. Cyprus government rakes in over €424M in surpluses this year

Cyprus has reported a substantial budget surplus of €424.5 million for the first half of 2024, a huge increase from the €62 million surplus during the same period last year. ...

30. Cypriot flag bearer faces controversy ahead of Paris Olympics

The Cypriot athlete Elena Koulichenko, set to be the flag bearer for Cyprus at the upcoming Paris Olympics, has come under scrutiny following a Greek media report from eReportaz that has sparked reactions and controversy....