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61. No relief in sight as electricity prices to remain high until 2027

Electricity prices in Cyprus are expected to remain elevated for the next two years, according to the chairman of the EAC....

62. Takata airbag crisis and Cyprus's failure to act

The case with the problematic car airbags and the authorities rushing in to try to withdraw vehicles with defective Takata airbags from circulation reveals the enormous responsibilities of those who handled the issue politically and technocratically over the last thirteen years....

63. 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”). ...

64. 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....

65. Trump hints at new tariffs on EU imports as trade tensions escalate

US President Donald Trump has suggested that the European Union (EU) could be the next target of US tariffs, following the imposition of 25% levies on imports from Mexico, Canada, and China....

66. Cyprus ramps up efforts against illegal antiquities trafficking

Cyprus is intensifying its efforts to combat the illegal excavation, trafficking, and sale of its antiquities, especially in the Turkish-occupied territories....

67. 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''). ...

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

69. The ''Greenest'' restaurant in Cyprus

This restaurant won the Sustainability in Gastronomy Award as part of the Wiz 50 Best Restaurants 2024....

70. Cyprus’ housing is in crisis as foreign buyers take over the market

As housing becomes an increasingly pressing issue for the majority of Cypriots, Parliament is opening up a debate on the surge in real estate purchases by third-country nationals....

71. An antipsychotic medication has been unavailable for three months now in Cyprus

A three-month shortage of the antipsychotic medication Seroquel (quetiapine) has been reported in the Cypriot market....

72. 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. ...

73. 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....

74. Important changes coming to GHS medicine prices

The Health Insurance Organisation (HIO) has announced adjustments to the cost of medications provided through the General Healthcare System (GHS), with changes set to take effect on February 3....

75. Greece cracks down on Airbnb rentals

In a bold step to address its worsening housing crisis, Greece has introduced sweeping legislation to clamp down on short-term rentals listed on platforms like Airbnb. ...

76. Cyprus Airports hit record-breaking passenger traffic in 2024

Passenger traffic at Larnaca and Paphos airports hit an all-time high in 2024, marking a milestone for Cyprus’ travel sector, according to the Ministry of Transport, Communications and Works....

77. Authorities warn of dangerous products in the European market (links included)

Dangerous products and items containing hazardous chemicals have been identified in the European market, according to an announcement by the Labour Inspection Department of the Ministry of Labour and Social Security....

78. Cyprus aims for cheaper electricity with competitive market by 2025

The government is ramping up efforts to bring down electricity costs for households and businesses by July 2025 through the introduction of a competitive electricity market, Energy Minister George Papanastasiou announced on Tuesday. ...

79. New labour decrees in Cyprus: A win for skilled workers and foreign students

Cyprus is making moves to boost its workforce and fill gaps in key sectors with new policies that give both skilled professionals and foreign students more opportunities. ...

80. Cattle farmers develop system to verify milk origin in halloumi production

The Pancyprian Organisation of Cattle Farmers (POCF), in partnership with a UK-based private laboratory, has introduced a certified method to determine if Cypriot milk is used in halloumi cheese production....

81. Panagiotou: Best labor market performance in the last 15 years

The labor market in 2024 is achieving its strongest performance in the past 15 years, driven by increased job creation, employment growth, reduced unemployment, and rising wages....

82. Temu’s tempting deals are a double-edged sword for Cypriot shoppers

Temu, an emerging e-commerce platform, offers an extensive range of products, from gadgets and household goods to clothing and toys, at remarkably low prices....

83. France's government falls in historic no-confidence vote

France is facing a deep political crisis after Prime Minister Michel Barnier’s government was ousted by a no-confidence vote, just three months into his term. This marks the shortest-lived administration in France’s Fifth Republic, which began in 1958....

84. 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....

85. Minimum income recipients allegedly renting T/C properties for pennies

A shocking new controversy has emerged involving recipients of the minimum guaranteed income who are allegedly renting valuable Turkish Cypriot properties for an incredibly low price. ...

86. Greece needs 300,000 foreign workers amid labor shortage

It is estimated that Greece’s labor market needs more than 300,000 workers from other countries, from dishwashers to chefs to carpenters, machine operators and electricians to web and software developers....

87. Cypriot teens top Europe in vaping

According to a report by Hector Georgiou, a recent ESPAD survey showed that Cypriot teenagers are among the top users of e-cigarettes in Europe....

88. 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....

89. 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. ...

90. 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. ...