Search

241. Fake Ariel detergent scheme busted in Europe

Latvian authorities have uncovered a large-scale counterfeiting operation involving Ariel laundry detergent, accusing two Lithuanian citizens of producing and distributing fake products across Europe....

242. Eurobank’s €1.2 billion investment in Cyprus signals confidence

According to Kathimerini's Panayiotis Rougalas, Eurobank has made significant strides in its investment in the Cypriot banking sector, particularly with its ongoing acquisition of Hellenic Bank....

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. 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...

246. Did Angela Merkel misjudge Germany's dependence on Russian gas?

In her memoir ''Freedom'', Angela Merkel reflects on her 16-year tenure as German chancellor, offering insights into her political approach and the global crises that defined her leadership....

247. 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. ...

248. 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....

249. 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. ...

250. Acropolis-facing mansion in Athens sparks legal dispute over false sale listing

The family of the late Elias Barbalias, a prominent Greek real estate developer, has denied authorizing the sale of their luxurious mansion overlooking the Acropolis, following a report about its listing earlier this week. ...

251. 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....

252. Huge fuel price gap in Nicosia puts consumers at a disadvantage

Consumers in Nicosia are facing large price differences at fuel stations, with some paying up to 308 euros more for heating oil than others. This price gap is raising questions about unfair competition in the market,...

253. The new 360 campaign by AFIS Cyprus openly addresses toxic relationships

The concept of toxic interpersonal relationships has become a staple of modern discourse, sparking numerous (and sometimes not-so-calm) online and offline conversations. ...

254. 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....

255. Cyprus tourism hits new highs, October sets record

Tourism in Cyprus continues to shine in 2024, with arrivals nearing 3.73 million between January and October, marking a 4.6% annual increase. This figure also slightly surpasses the same period in 2019, a record-breaking year for Cypriot tourism, showing a 0.81% rise....

256. Apple quietly discontinues lightning to 3.5mm headphone adapter

Apple has quietly pulled the plug on its once-essential Lightning to 3.5mm headphone adapter, marking the end of an era for iPhone users who relied on the small accessory....

257. New applications for startups will be accepted at the IDEA Innovation Center

New applications from talented entrepreneurs who have an innovative idea and are determined to turn it into a startup business are now being accepted by the IDEA Innovation Center of Bank of Cyprus until 14th February 2025....

258. Sklavenitis to revamp Papantoniou supermarkets across Cyprus

In September 2025, the Sklavenitis Cyprus network will officially complete its acquisition of Papantoniou Supermarkets, a move that will significantly reshape the local retail landscape, according to Kathimerini's Dorita Yiannakou....

259. UNIC Christmas Spirit returns for a joyful on-campus holiday experience

The University of Nicosia (UNIC) and the Karaiskakio Foundation are delighted to bring back the Christmas spirit with a week-long celebration full of festive events and activities....

260. 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....

261. 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....

262. 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,...

263. 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....

264. 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. ...

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

266. 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....

267. 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. ...

268. 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....

269. 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...

270. 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. ...