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61. June Newsletter of K. Treppides & Co Ltd – 20/06/2025

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. Toxic fungus tied to ‘Pharaoh’s Curse’ yields promising leukemia drug

A fungus once feared as the source of the so-called “Pharaoh’s Curse” has been transformed into a potential treatment for leukemia, according to researchers at the University of Pennsylvania....

63. BrainRocket becomes a Donor of TechIsland

TechIsland is proud to announce that BrainRocket, a global company creating innovative end-to-end tech products, has joined as one of the association’s esteemed Donors....

64. AEGEAN is named ''Best Regional Airline in Europe'', at the Skytrax World Airline Awards 2025 for the 14th consecutive year

During last week in Paris, AEGEAN has been named the ''Best Regional Airline in Europe'' at the prestigious World Airline Awards 2025 for the 14th consecutive year and 15th time overall in its 26 years of operation, highlighting the continuing trust and preference of the passengers, as recognized through the International Airline Rating Organization Survey. ...

65. Cyprus’ e-kalathi falls flat, says consumer group

It was launched as a tool to help consumers navigate rising prices and shop smarter. But just one week in, Cyprus’ much-hyped e-kalathi platform is facing harsh criticism, and not just from shoppers....

66. Jazeera Airways Resumes Direct Flights Between Larnaca and Kuwait

Jazeera Airways, one of the leading low-cost carriers in the Middle East, announced the resumption of direct flights from Larnaca to Kuwait, which took place on Tuesday, June 17, 2025....

67. Phedonos criticizes EAC over delays in borehole connections

Paphos Mayor Phedon Phedonos has voiced concern over what he described as an unreasonable two-month delay by the Electricity Authority of Cyprus in connecting municipal boreholes to the power grid....

68. Patrol cars, helicopters, Annita and Tornaritis

First things first, so I want to reassure everyone: The rumors that what transpired in the now-infamous police car scene becoming the new punishment for crossing the line at traffic lights are false....

69. Bollywood, bots, and big bucks as Cyprus becomes India’s new business and movie hub

In a major boost to Cyprus’s economy and international standing, two Indian companies have officially announced their expansion into the country, with more than 20 others reportedly exploring similar moves....

70. PwC Cyprus organizes consecutive leadership events designed to equip family and small businesses with strategic insights and practical tools to foster growth.

PwC Cyprus, under the auspices of the Cyprus-UK Business Association and the Institute of Chartered Accountants in England and Wales (ICAEW), and with the support of the British High Commission,...

71. ECB poised for fall rate decision as growth, tariffs, and inflation weigh in

The European Central Bank will reassess its interest rate policy this fall, weighing whether additional cuts are necessary after a recent series of reductions brought its main rate to 2%, with inflation easing to 1.9%....

72. 70,000 units of blood collected annually from voluntary donors in Cyprus

Cyprus collects about 70,000 units of blood each year through voluntary donations, placing the country among the top in Europe in meeting its national blood supply needs, the Ministry of Health said Friday....

73. Tehran weighs closing Strait of Hormuz

Iran is seriously considering closing the Strait of Hormuz, a vital waterway for global oil shipments, according to a report by Iranian state broadcaster IRINN....

74. Middle East crisis escalates out of control

Israel launched the largest military operation in its history against Iran on Friday, carrying out a surprise, large-scale assault targeting Iran’s nuclear, military and scientific infrastructure....

75. e-kalathi goes live as Cyprus’ new price-checking app aims to ease the grocery bill

A new digital tool aimed at helping Cypriot consumers fight rising prices officially launched Thursday. The platform, called e-kalathi, allows shoppers to compare prices of everyday goods across major supermarkets in real time, potentially saving families money at a time when inflation is still biting....

76. God save the King...and the grid: Politics, power, and sheepish wolves in Cyprus

In today’s royal photo op, the president raises a toast to our dearly beloved King Charles, who celebrated his birthday yesterday. God save the King, from the Queen. Cheers....

77. 11 years of Gastronomos Quality Awards

Gastronomos magazine and Kathimerini newspaper proudly present the 11th annual Gastronomos Quality Awards 2025, an institution that celebrates Cypriot gastronomy, the authenticity of local products, and the dedication of the producers who craft them with passion and respect for tradition....

78. Nearly 24,000 illegal cigarettes seized at Paphos airport

Customs officers at Paphos Airport seized thousands of illegal cigarettes on Monday after stopping a Greek Cypriot man heading to London....

79. Will they at least stabilize?

In May 2025, the Consumer Price Index rose by 0.26 points, reaching 117.57 compared to 117.31 in April. Inflation for the month fell by 0.2%, a rare event not seen in years, not since the Covid-19 crisis....

80. Police seize dozens of THC, CBD products from Larnaca kiosk

Police have seized 83 packages containing substances believed to include tetrahydrocannabinol (THC) and cannabidiol (CBD) during a raid on a kiosk in Larnaca, authorities said Saturday....

81. Cyprus slips into deflation for the first time since 2021

Cyprus recorded deflation in May 2025 for the first time in more than four years, with the annual inflation rate turning negative at -0.2%, according to data released on Thursday by the Statistical Service of Cyprus....

82. Alpha Bank sets sights on Cyprus insurer Altius in expansion push

Alpha Bank is in talks to buy Altius Insurance, a Cyprus-based insurance company it already works with to sell insurance products through its branches. While nothing has been finalized yet, sources say discussions have progressed to a potential acquisition....

83. Nutella unveils first new flavor in 60 years, but there's a catch

For the first time in its 60-year history, Nutella is mixing things up, literally. The beloved chocolate-hazelnut spread is getting a new twist: Peanut Nutella....

84. Lidl Cyprus takes responsibility for the environment

Recognizing that protecting the environment is a responsibility we all share, Lidl Cyprus takes an active role by implementing actions that enhance environmental awareness and contribute meaningfully to addressing the climate crisis....

85. Cyprus exits EU’s macroeconomic imbalance list as Brussels urges reforms in innovation, energy, and education

Cyprus is no longer considered a country with macroeconomic imbalances, the European Commission announced Wednesday in its 2025 Spring Package, marking a significant milestone in the nation’s post-crisis economic recovery....

86. Cyprus’s booming defense industry nets €40M as officials call for faster growth

Cyprus’s defense industry has grown tenfold in recent years, with approximately 30 companies now generating an estimated €40 million in revenue annually, officials revealed Tuesday during a session of the Parliamentary Committee on Energy, Commerce and Industry....

87. Deloitte Cyprus welcomes two new partners

Deloitte Cyprus is pleased to announce the growth of its leadership team with the appointment of two new partners, effective 1 June 2025....

88. payabl. launches Virtual Business Cards to empower smarter business spending

Leading European financial technology provider, payabl. has launched its Virtual Business Cards service, a digital payment solution designed to give businesses greater control, security, and visibility over their spending....

89. Lidl Cyprus highlights the value of its collaboration with Evrofarma during a press trip to the heart of greek production

Lidl Cyprus organized a unique press trip to the facilities of its strategic partner, Evrofarma, in Didymoticho, in celebration of World Milk Day....

90. Coral Energy (Shell Licensee) strengthens ties with its partners in the Cypriot market