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1. Lidl Cyprus celebrated the opening of its 3rd store in Paphos and 21st store in Cyprus

In a major expansion of its retail network, Lidl Cyprus opened its newest store in the Neon Mall of Pafos on Wednesday 24 July, marking the 3rd Lidl store in a row in the Paphos district and the 21st in Cyprus. ...

2. AstroBank acquires Neo Plaza in Kokkinotrimithia

The Neo Plaza of Kokkinotrimithia in Nicosia, an open commercial mall project in Cyprus that did not meet expectations, has been acquired by AstroBank....

3. Market changes, Eurobank's move, and economic struggles

Bank of Cyprus shares were delisted from the Athens Stock Exchange following the 2013 financial crisis and the turbulent merger with Laiki Bank, including the depositor haircut...

4. HR Legend Beth Davies at the Digital Agenda Cyprus Summit

With over 25 years of senior leadership experience at innovative global companies such as Tesla, Apple, Microsoft, and Gap, Beth Davies is a distinguished expert in cultivating company culture, creating customer-centric organizations, developing executives, and fostering a culture of innovation....

5. Lidl’s 21st store in Paphos boosts Cyprus retail battle

Almost 15 years after Lidl Cyprus entered the Cypriot market, the company is set to open its 21st store in Paphos, specifically in Neon Mall....

6. Cyprus banks receive upgrades, signal economic resilience

In a series of significant upgrades for Cypriot banks, Fitch Ratings has elevated the Bank of Cyprus and Hellenic Bank's credit ratings, underscoring a positive trajectory for the country's financial sector, according to a report by Panayiotis Rougalas in this Sunday's Kathimerini....

7. Luxury retailers Saks and Neiman Marcus merge in big deal

A new luxury retail giant is emerging in the United States as the parent company of Saks Fifth Avenue acquires Neiman Marcus for $2.65 billion....

8. Temu, Shein & Ali Express: EU cracks down on Chinese imports

The European Union is taking steps to clamp down on the surge of low-quality Chinese imports flooding its markets. According to sources speaking to the Financial Times, the EU plans to impose tariffs on cheap products from platforms like Temu, Shein, and AliExpress....

9. Cyprus trade sector sees 20.7% surge in 2022 turnover

Turnover in the broad trade sector increased in 2022 by 20.7%, according to the results of the Wholesale and Retail Trade Survey, published by the Statistical Service on Wednesday....

10. Jumbo to open second store in Nicosia this summer

Jumbo is set to open its second store in Nicosia and sixth in Cyprus, located in the former Stephanides Group headquarters near the Mall of Cyprus and IKEA in Strovolos....

11. Dior bags assembled for €53, sold at €2,600

Italian authorities have uncovered stark realities behind the glitz of fashion catwalks and luxury boutiques during recent raids on local factories and workshops involved in the production of Dior and Armani handbags....

12. Lids on plastic beverage containers must be attached by July 2024

The Department of Environment within the Ministry of Agriculture, Rural Development, and Environment announced today that starting July 3, 2024, all plastic beverage containers up to three liters in capacity must be sold with their lids and caps attached. This measure aims to reduce plastic waste and its environmental impact....

13. Sklavenitis expands to 27 stores with Papantoniou deal

Sklavenitis Cyprus has announced the integration of Papantoniou Supermarkets into its network....

14. Enjoy summer savings: Up to 50% off with Wolt+ weeks

Over 650 offers and discounts of up to 50% for Wolt+ subscribers until June 23....

15. Damiani expands global presence with first boutique in Cyprus

The Italian luxury jewelry group Damiani is celebrating its centenary this year, marking a century of excellence in goldsmithing, diamonds, gems, and pearls. ...

16. May Newsletter of K. Treppides & Co Ltd: Cyprus Securities and Exchange Commission

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. ...

17. Labor shortage hits Antiparos island

The small Aegean island of Antiparos is in a fever of preparations for the summer’s tourism miracle. ...

18. Greece anticipates bumper olive oil harvest despite price fluctuations

Estimates from Greece suggest a promising outlook for olive oil production this year, with anticipation building for a potentially fruitful harvest, although definitive conclusions remain pending for about a month....

19. Apply for National Solidarity Fund Replenishment until May 25th

Online applications for the Replenishment Scheme of the National Solidarity Fund will reopen on Tuesday and will remain open until May 25th, according to the Ministry of Finance....

20. Shoppers prioritize food purchases over clothing this Easter

Supermarkets saw increased consumer traffic the days before Easter, celebrated in Cyprus over the last weekend, as consumers chose to spend on food and items for the holiday feast, while other retail stores did not, due to a decline in the habit of shopping for shoes and clothing during this holiday....

21. Ellinikon, Europe's largest smart city, begins its transformation

22. Fruit and vegetable markups reach 170% compared to producer rates

According to data from the Ministry of Agriculture's e-kofini platform, retail prices of fruits and vegetables are considerably higher compared to prices set by producer organizations....

23. Foreign students welcomed into labor market

Labour Minister Yiannis Panagiotou announced on Tuesday the government's decision to enhance foreign students' access to the labor market, citing its significance in the country's development planning...

24. Healthier ready-to-eat meals could slash EU emissions by 48m tonnes

Healthier ready-to-eat meals could cut EU emissions by 48m tonnes annually and save customers €2.8bn (£2.4bn) each year, as well as reducing disease, a report has found....

25. Finance Ministry urges applicants for 2013 haircut compensation

The Cyprus Finance Ministry is calling on all individuals and entities affected by the 2013 Cyprus bailout to submit their electronic applications for participation in the "Replenishment Scheme of the National Solidarity Fund."...

26. Retail turnover surges by 5.8% in February 2024

The Turnover Value Index of Retail Trade for February 2024 surged by 5.8% compared to the same period the previous year, according to data released by the Statistical Service of Cyprus. ...

27. Europe's ambitious plan to reignite economic engines

As Europe endeavours to uphold its competitiveness amidst economic rivals, its politicians believe they hold a concealed asset: the savings of its citizens, which remain unused and dormant....

28. Cyprus braces for soaring fuel prices

Cyprus braces for a significant hike in motor fuel prices by mid-April, with increases of 10 cents per liter expected to impact consumer spending across the island nation, according to a report by Kathimerini's Maria Eraclous....

29. Cyprus ends fuel tax break, prices set to spike from April 1st

Starting April 1st, the reduced consumption tax on fuels (95-octane gasoline and diesel) will come to an end, reverting to 8.3 cents per liter for gasoline and 6.3 cents per liter for heating oil....

30. Luxury brand Hermès sued over Birkin bag sales

Two California residents have initiated legal action against French luxury design company Hermès, alleging discriminatory sales practices surrounding its highly coveted Birkin handbags....