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181. Tax evaders beware of what you post on social media

According to a report in the Sunday edition of realnews.gr, the Greek Government plans to identify hidden income earned by individuals and companies that conduct business online. ...

182. 'Structural Integrity Certificates' should be made mandatory

The recent earthquakes in neighboring countries, as well as the aftershocks, felt in Cyprus, have brought to the forefront what we have been saying for years: the need to check the suitability of all our buildings on a regular basis....

183. MEP's pass bill banning home sales or rentals without energy upgrade

All properties available for sale or rent must incur compulsory energy upgrade costs, costing tens of thousands of euros, from 2030 onward, based on what is stated in the relevant European Union directive....

184. Real estate trends in 2023

Increased inflation, rising interest rates, rising building costs, rising property values, a slight decline in new development approvals, a slight decline to stabilization in the unemployment rate, a slight increase in GDP, and a slight decline in private lending are just a few indicators of the (very) general economic picture....

185. Russians top list of property buyers in the first months of 2023

Russian nationals were by far the largest group of foreign real estate buyers in Cyprus during the first two months of 2023, according to data by the Department of Lands and Surveys,...

186. Digital app to compare product prices in the works

Following the withdrawal of the Household Basket proposal in Cyprus, the Consumer Protection Service is now promoting the preparation of a bill for the implementation of a digital tool that will enable the daily comparison of retail prices of products....

187. Foreclosure sales to restart after Parliamentary vote

The House of Representatives voted 22 to 18 against a proposal for a new three-month suspension of foreclosure sales, which had been tabled in the form of an emergency bill....

188. The who's who of the Christodoulides government

On Monday afternoon (27/02), Nikos Christodoulides, the country's new leader, unveiled his new administration. Read the detailed biographies of the individuals who make up the new government....

189. Ayia Napa Marina: Delivery of luxury homes begins with Beach Villa 6

Ayia Napa Marina, the iconic award-winning mixed-use development, has officially begun delivery of its luxury villas, with Beach Villa 6 already handed over to its owner. ...

190. Bank of Cyprus: 71 million in profits in 2022

Bank of Cyprus' profit for 2022 was 71 million euros, up from 30 million euros in 2021....

191. Sales to foreign buyers hit 16 year high

During January 2023 foreign buyers deposited 594 contracts of sale at Land Registry offices across the island. Moreover, these accounted for 54% of all sales; the first time since 2007 that the number of foreign sales has exceeded domestic sales....

192. Yachts & Co is the new dealer in Cyprus for Feretti Yachts, Riva, Pershing and Itama

193. 'Greek fan' Menendez boasts F35 okay for Athens

US Senator Bob Menendez, who has been blocking fighter jets for Turkey over the years, told an audience in Washington this week that he was 'a fan of the Greek people' and further had no qualms about okaying the F35 stealth for Athens...

194. Less Painful, More Accurate Mammograms?! What Took So Long?

Welcome to Wells $treet! If you know anything about me, you know I like an offbeat business story. So when I scheduled my annual mammogram this year, I thought, “Isn’t there a better, more comfortable way to do this? Can’t someone disrupt this industry? Doesn’t anyone care?”...

195. Washington stops short of tongue-lashing Nicosia

Washington says there is no new policy to announce regarding a recent arms embargo lift on the Republic of Cyprus, following news that US sanctions have been imposed on several dealers including individuals who are based on the island...

196. A large number of foreclosure notices to be sent tomorrow

Today, Tuesday, January 31, 2023, marks the end of the most recent three-month suspension of divestments imposed by a resolution of the House of Representatives. ...

197. Petrol sales down by 7.5% in December 2022

Sales at petrol stations in December 2022 were down by 7.5% compared to December 2021, according to data released on Friday by the Cyprus Statistical Service....

198. US government moving ahead with intention to sell F-16's to Turkey

The Biden administration is moving ahead with its intention to supply Turkey with 40 new F-16 fighter jets and upgrade 80 of the country’s older ones....

199. Limassol could still have another 8,000 apartments

As the demand for real estate in city centers has increased in recent years, Ask Wire's research identifies many parcels of land in the central areas of Cypriot cities that are either underutilized or only partially utilized. ...

200. Cyprus Banks: Vulnerabilities remain despite progress, says SSM

Cypriot banks have made progress, according to a report by the Single Supervisory Mechanism (SSM), but there are still many issues. ...

201. Prostitutes gather in Davos for annual meeting of global elite

The global elite tackling the world's problems at the Davos summit including gender inequality is fuelling a surge in prostitution in the Swiss resort....

202. KIABI pursuing international development with the opening of a second store in Cyprus

Present in 24 countries with a network of 538 physical stores, KIABI is challenging the fashion world’s leaders in Europe, the Middle East, Africa and South America. Engaged in an international growth dynamic, the French favourite continues to roll out its concept intended for all families as it opens its second shop in Cyprus in 2023. ...

203. Nearly €6 billion in real estate transactions in 2022

The value of real estate sold during 2022 is approaching €6 billion, according to the comparative real estate sales of the Department of Lands and Surveys as processed and presented in the quarterly "Real Estate Market Bulletin" of Cyprus Real Estate Registration Council....

204. Tesla drastically lowers EV pricing in the US and Europe

After steadily increasing prices over the past couple of years, Tesla has cut them drastically across its lineup in the US and Europe, in an apparent bid to boost sales. ...

205. Cyprus features prominently in US Congress’ Turkey report

The possible sale of F-16s to Turkey and tensions between Turkey and Cyprus and Greece are included in a US Congressional Research Service report on Turkey released on January 9, which outlines Biden administration support of the sale and opposition by 'some members of Congress'...

206. Exports of halloumi at 1.34 billion over the last 5 years

Halloumi exports have increased in recent years and are expected to peak in 2022. Data for the first nine months of 2022, i.e. up to September, show exports worth €227 million and an export volume of 32,000 tonnes. ...

207. Supermarkets bet on their own private labeled products

Consumers are turning to private label and exclusive import products to combat inflationary pressures on consumer goods in supermarkets....

208. Rolls Royce cruises to record sales thanks to ongoing luxury demand

Rolls-Royce on Monday reported record sales last year despite an average price tag of around $534,000 for its luxury cars and a drop in Chinese demand, with orders stretching into 2023....

209. Amazon to layoff 18,000 employees

Amazon.com Inc's layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday....

210. Looking ahead to 2023: House prices in Cyprus

The end of 2021 saw Europe’s and Cyprus’ economies gradually recovering from the two-year rollercoaster ride of lockdowns, the stock market at record highs, and inflation increasing....