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61. 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....

62. 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,...

63. Amazon launches 'Haul', a low-cost rival to Temu and Shein

Amazon is launching a new e-commerce platform called Haul, designed to offer shoppers incredibly low prices on a wide range of products, aiming to take on growing competition from Chinese brands like Temu and Shein....

64. 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. ...

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

66. Indian whisky steps up: A new contender on the global stage

India is shaking up the whisky world, blending centuries-old traditions with modern-day distilling to create whiskies that are finally getting noticed globally....

67. 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. ...

68. 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....

69. TEMU: ''Half Cyprus is better than none''

The online shopping platform Temu is drawing criticism for selling a T-shirt with a slogan referencing the Cyprus issue. The shirt, priced at €11.90 on sale from an original €23.69, features the phrase...

70. 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. ...

71. Sklavenitis expands in Cyprus, shaking up the supermarket scene

The Cypriot supermarket landscape is shifting as Greece's Sklavenitis Group officially takes over Papantoniou Supermarkets. With Competition Protection Commission approval, ...

72. Former NATO commander predicts tensions in Europe after Trump win

Donald Trump's victory in the 2024 U.S. presidential election will lead to significant global changes, according to retired U.S. Navy Admiral James Stavridis. ...

73. Why I almost voted for Trump—and why many Americans did

I’ve been a staunch Democrat my whole life, but as I look at the results of the latest election, I can’t say I’m entirely shocked by Trump’s success. ...

74. New EU tariffs on Chinese EVs slow Cyprus’ shift to electric cars

The European Union's new tariffs on electric vehicles (EVs) imported from China, reaching as high as 35.3%, are expected to significantly impact Cyprus' already slow-moving EV market, according to a report by Kathimerini's Dorita Yiannakou....

75. Fed cuts rates by 0.25%, economic activity expands steadily

The Federal Reserve on Thursday cut interest rates by 0.25 percentage points for the second consecutive meeting, bringing the target range to 4.50% to 4.75%, as expected. The decision was unanimous....

76. Coffee Island enters India, sets sights on multinational growth

Coffee Island, the popular Greek coffee chain, is making waves in the global market with its first store opening in India, set for December in New Delhi....

77. Germany faces uncertainty as Scholz fires finance minister

Germany’s governing coalition faces a major crisis amid economic challenges and mounting political strife, as Chancellor Olaf Scholz dismissed Finance Minister Christian Lindner and announced he will seek a parliamentary vote of confidence on January 15. If Scholz fails to secure support, Germany could see elections as early as March....

78. SKLAVENITIS Cyprus completes agreement with PAPANTONIOU Supermarkets

The agreement regarding the integration of PAPANTONIOU Supermarkets into the SKLAVENITIS Cyprus network has been successfully completed, following approval from the Commission for the Protection of Competition (C.P.C.)....

79. Tesla surges 12% on Trump’s election win, Musk’s $75M bet pays off

Tesla shares surged 12% in early trading Wednesday following Donald Trump’s victory in the U.S. presidential election, as investors anticipated potential advantages for Tesla and its CEO Elon Musk, a major Trump backer....

80. Hellenic Bank reports €284.4M profit for 2024

Hellenic Bank reported a profit of €284.4 million for the first nine months of 2024, up from €240.7 million in the same period last year....

81. TechIsland, Invest Cyprus team up to attract global tech investment

In a move expected to enhance Cyprus’s appeal as a tech hub, TechIsland has signed an agreement with Invest Cyprus to attract more foreign investors, with a particular focus on the technology sector....

82. Cyprus joins World Travel Market in London with 55 exhibitors

Cyprus is present in this year's World Travel Market in London with 55 exhibitors. ...

83. First affordable housing block for refugees in Cyprus to be ready in 20 months

In 20 months, the first apartment building under the government’s "KtiZO" Plan in the Apostolos Andreas Housing Settlement in Latsia will be completed....

84. At the Doorstep of MICA: What to Expect as Crypto Regulation Takes Shape

The European Union's (EU) regulatory framework for cryptocurrencies and digital assets is envisioned to be shaped by the game changer, Markets in Crypto-Assets (MiCA) regulation. ...

85. Horizon aircraft’s unique shape offers more room for passengers

As global demand for air travel grows, carbon emissions from aviation have risen faster over recent decades than those from rail, road, or maritime transportation. ...

86. RICS Cyprus Property Price Index with KPMG in Cyprus announces results of 2024 Q3

On behalf of KPMG in Cyprus, Christophoros Anayiotos, Board Member and Head of the Real Estate Industry Group, stated:...

87. Parents concerned over nicotine pouches freely sold on market

Nicotine pouches, freely available in the market, are causing growing alarm among parents, as reported in an interview with Elena Panagiotopoulou, Director of Pharmaceutical Services, hosted by The Vanguard....

88. Filipino seafarers fight for equal pay in billion-euro shipping industry

In a significant case highlighting wage disparities in the maritime industry, a Filipino seafarer is challenging the unequal pay practices faced by workers from Southeast Asia compared to their European counterparts in the Netherlands....

89. Cyprus real estate market falters as October sales drop 6%

With just two months left in the year, October has shown that, despite some resilience, the market remains unable to inspire optimism. Economic indicators for the average household have not sparked an uptick in investment interest, and the ongoing geopolitical instability is growing....

90. The weeks of the German language 2024

The Embassies of Austria, Germany, Switzerland, and the Goethe-Institut Cyprus organize for the 8th consecutive year ''The Weeks of the German Language'' from the 1st to the 26th of November 2024. ...