Search

1. Cyprus sees one of Europe’s highest rates of illicit cigarette use

Cyprus ranked among the European countries with the highest share of illicit cigarette consumption in 2025, according to findings presented this week at a conference in Brussels focused on illegal trade and security challenges across Europe....

2. Freedom Holding Corp. reports record revenue and doubles net profit in FY2026

Freedom Holding Corp., the parent company of Freedom24, has reported record revenue and doubled its net profit for the 2026 fiscal year, which ended on 31 March 2026. The results were published on 1 June....

3. Square One Capital: The Developer-Turned-Fund Manager Targeting Cyprus's Next Residential Wave

A Limassol-based developer with 33 active projects is raising a €200M opportunistic real estate fund targeting 25% net IRR. Here's why the timing is right — and why this team is built to deliver it....

4. Trump delivers longest State of the Union in US history

President Donald Trump set a record Tuesday night, delivering the longest State of the Union address in U.S. history....

5. UAE: Sugary drinks will cost you, and not just in calories

The United Arab Emirates is taking a stand against sugar, launching a new tiered tax on sweetened drinks starting January 1, a move doctors and dentists say could be a game-changer for public health....

6. October Newsletter of K. Treppides & Co Ltd – 24/10/2025

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....

7. Cyprus extends zero VAT on essential goods through 2026

Cyprus will maintain a zero value-added tax on certain basic goods until December 2026, the Finance Minister, Makis Keravnos, announced Wednesday following Cabinet approval of the measure....

8. At Mackenzie Beach, the party never ends and neither does the tax evasion

An internal audit has raised serious concerns over how Cyprus’s Tax Department handled suspected tax evasion at bars and restaurants along Mackenzie Beach in Larnaca, finding what officials described as a “troubling pattern of leniency” toward businesses with known irregularities....

9. EU tax hike could make smoking a luxury, Greece pushes back

Smokers in Europe may soon feel the pinch in their wallets. The European Commission is proposing a massive increase in taxes on cigarettes, roll-your-own tobacco, and even e-cigarettes, and Greece is sounding the alarm....

10. August Newsletter of K. Treppides & Co Ltd – 01/08/2025

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....

11. ''Safety Concerns'' or just a tax grab?

A wave of new measures could soon change the way Europeans shop online, as the European Union moves to crack down on Chinese e-commerce giants like Temu and Shein, citing both consumer safety risks and unfair market practices....

12. Former director of Pattihio Theatre sentenced to 5.5 years for misappropriating €234,550

The Limassol Criminal Court has sentenced the former director of the Pattihio Municipal Theatre to 5.5 years in prison for theft by an employee and money laundering....

13. Cyprus targets Turkish nationals over property sales in occupied north

For the first time ever, arrest warrants issued by the Republic of Cyprus over the sale and development of Greek Cypriot properties in the Turkish-occupied north are targeting Turkish nationals. ...

14. AI adoption could boost global GDP by an additional 15 percentage points by 2035, as global economy is reshaped: PwC Research

New research published today by PwC reveals that AI has the potential to boost global economic output by up to 15 percentage points over the next decade. ...

15. April Newsletter of K. Treppides & Co Ltd – 11/04/2025

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....

16. Businesses call for simpler, fairer tax reform in Cyprus

The Institute of Certified Public Accountants of Cyprus is raising concerns over Cyprus’ proposed tax reform, arguing that while the new framework aims to ease the tax burden on individuals and businesses, it remains overly complex. ...

17. Putin gives green light for western companies to return, but on Russia's terms

Russian President Vladimir Putin has opened the door for Western companies to return to Russia, but not without conditions....

18. 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....

19. Cyprus & Greece Market Overview: 2023-2024 and Projections for 2025 and Beyond

The market underwent significant changes from mid-2023 onwards due to several global and regional factors....

20. 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....

21. Help is on the way for young couples needing a home

Starting Friday, November 15, young people and couples in Cyprus will be able to apply for financial assistance through a new housing plan. The program, designed to support those up to the age of 41, will accept applications online until December 31, 2024, at noon....

22. Germany: €60 billion budget shortfall rocks Europe's largest economy

Germany’s tax revenues are projected to fall nearly €60 billion short of earlier expectations over the next five years, intensifying budget challenges for Chancellor Olaf Scholz’s government and straining the already fragile three-party coalition....

23. Bank of Cyprus shareholders moving at different speeds

CarVal Investors recently sold 3% of its 9.09% stake in Bank of Cyprus, sparking speculation that other shareholders may follow suit and sell their shares....

24. Businesses in Cyprus can benefit economically from policies for fewer cars

Cities worldwide are increasingly adopting pedestrian-friendly and bicycle-friendly policies, amid growing concerns over the climate crisis and the need to reduce air and noise pollution. ...

25. Electric cars outnumber petrol cars in Norway for the first time

Norway has made history by becoming the first country where electric vehicles (EVs) now outnumber petrol cars. ...

26. Second Quarter & First Half 2024 Financial Results

AEGEAN announces its financial results for the Second Quarter and First Half of 2024. ...

27. Ukraine intensifies fight against illicit tobacco trade

The illicit tobacco trade in Ukraine, one of Europe's most prominent black markets for cigarettes, is sending shockwaves through the economies of neighboring countries,...

28. Avakoum abbot faces probe over €1.3 million in undeclared funds

Police Spokesman Christos Andreou announced that more arrests are possible and the Greek authorities may be called in to assist with investigations related to properties, ...

29. Chestertons Global launches in Cyprus

Leading international real estate firm, Chestertons Global, has announced its expansion into the Cyprus property market with the launch of Chestertons Cyprus Residential. ...

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