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1. €50 million could flow to consumers as Cyprus moves to tax renewable energy giants

Cyprus is considering a controversial move to tax unexpected profits from private renewable energy companies, a measure aimed at funneling millions into programs that could ease the burden on consumers....

2. Verification of Payee (VoP): The Simple Step Making Payments Safer Across Europe

In today’s world of instant digital payments, speed is everything. But when money moves fast, mistakes can also travel just as quickly....

3. The energy market has opened, but power prices haven’t budged

A study by The Cyprus Institute, commissioned by the Ministry of Energy, suggests that electricity bills could be up to 20% lower if natural gas were used today for power generation....

4. Inside Cyprus’ new power market: Who’s in and how prices will be set

Cyprus formally opened its competitive electricity market Wednesday, a milestone in the country’s effort to liberalize the energy sector and give consumers more freedom to choose how they buy power....

5. Fake email tricks Cyprus firm into losing €37,700

Authorities in Limassol are investigating a case of online fraud in which a company lost more than €37,000 after being misled by a fraudulent email....

6. Power shift: 17 companies enter Cyprus’ new electricity market

For the first time in Cyprus, households and businesses will soon be able to choose who supplies their electricity. Starting today, 17 companies, ranging from homegrown startups to established energy providers, are stepping into the island’s brand-new competitive electricity market....

7. Lidl launches international campaign ''Lidl. More to Value.'' with a clear message to the people

Today, Lidl launches its first international brand campaign in 31 European countries under the claim “Lidl. More to Value.”. This campaign is more than just an advertising message - it is a promise and an emotional bridge to our customers....

8. Cyprus’ LNG dream hits another snag

Just when it seemed Cyprus’ troubled natural gas terminal at Vasilikos might finally be sailing smoothly, another snag has thrown the project off course, adding it to a growing list of delayed or unfinished infrastructure plans, from the Paphos-Polis highway to the Great Sea Interconnector....

9. Lidl Cyprus highlights its commitment to local quality through a signature GALPO culinary experience

Through a creative cooking seminar that was materialised at the Lidl Food Academy in Nicosia, media representatives and Influencers had the opportunity to experience firsthand the delicious quality and authentic origin of GALPO products, Lidl Cyprus' private label....

10. Coca-Cola HBC Cyprus boosts economy, employment, study finds

Coca-Cola HBC Cyprus contributes 0.3% to Cyprus’ GDP and national employment, according to a 2024 study by EY Cyprus Advisory Services Ltd. The findings, unveiled during a stakeholder event, underscore the company’s substantial role in the country’s economy and labor market....

11. 11 hotel groups go private on water with €3M state-backed desalination plan

Cyprus’ hotel industry is making a splash, literally. In response to mounting water concerns, 11 major hotel groups across Limassol, Larnaca, and Paphos have filed official applications to install small private desalination units on their premises....

12. Lidl Cyprus redefines freshness, investing in authenticity and locality

Lidl Cyprus presents its new summer campaign “Truly Fresh at Lidl”, an innovative approach to promoting freshness, combining cinematic aesthetics, authentic experiences and Cypriot light. ...

13. EAC now requests 3% hike, sparing consumers steeper 7.5% increase

Consumers in Cyprus may soon see a 3% rise in their electricity bills, after the Electricity Authority of Cyprus (EAC) announced Tuesday it will request a modest rate increase from the Cyprus Energy Regulatory Authority (CERA)....

14. 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....

15. 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....

16. End of an Era: ERA department stores changing hands for just €1, but there’s more to the story

In a surprising but strategic move, Ermes Department Stores Plc announced that it is selling off all four ERA department stores to Gencom Ltd., and the official sale price is just €1....

17. Massive power outage cripples Spain, Portugal

A massive power outage swept across parts of Spain and Portugal on Monday, grounding flights, halting public transportation, and disrupting daily life for millions....

18. Lidl at its best: 15 years of dynamic presence in Cyprus

Lidl Cyprus celebrates 15 years of presence in the local market this year, a different celebration that shows us the character of the company, but also the reason why it has reached such a high level of preference among the Cypriot public. ...

19. Serious allegations regarding fuel prices and black market of photovoltaic systems

Marios Drousiotis highlighted an official admission from the Ministry of Energy, Commerce, and Industry confirming consumers' long-standing complaints about human error affecting fuel price monitoring, resulting in inflated prices....

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

21. The ''Greenest'' restaurant in Cyprus

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

22. US lifts arms ban, giving Cyprus new defense opportunities

In a landmark decision, US President Joe Biden, shortly before leaving the White House, included the Republic of Cyprus in key US security assistance programs. ...

23. McDonald’s cuts LGBTQ+ inclusion efforts, but claims it still ‘cares’ about diversity

McDonald’s, one of the world’s most recognizable brands, is recalibrating its diversity, equity, and inclusion (DEI) policies in response to recent societal and legal changes....

24. Cyprus police cars affected by Takata airbag recall

Following the Cyprus government’s announcement to recall around 50,000 vehicles due to faulty Takata airbags, the issue is now extending to the Cyprus Police force....

25. Nationally funded research project DYNAMO to redefine energy sharing within communities

The first meeting of the consortium for the DYNAMO project (Decentralized Energy Management Platform for Smart Communities) was recently held, launching the project which aims to redefine energy sharing and transactions within communities....

26. Intrakat’s €1 million debt to Cypriot subcontractors sparks legal action

Greek-owned construction company Intrakat, which was contracted to build part of the Paphos-Polis Chrysochous motorway in Cyprus, is facing significant financial troubles, leaving behind nearly €1 million in debts to seven local subcontractors and suppliers....

27. Police arrest 63-year-old suspect in massive £300,000 cheddar theft

Detectives investigating the high-profile theft of 22 tons of cheddar from Neal’s Yard Dairy have arrested a 63-year-old man on suspicion of fraud by false representation and handling stolen goods, police confirmed. ...

28. Soaring prices of fruits and vegetables hitting consumers hard

Cypriot consumers are feeling the pinch as the prices of fruits, vegetables, and greens have surged, making it harder for households to purchase these essential goods....

29. Debbie’s American Cookies to close after 22 years in Cyprus

After 22 years of delighting dessert lovers, the iconic Debbie’s American cookies and carrot cake shop in Cyprus is closing its doors....

30. China and Russia set for new naval exercises in Sea of Japan

China’s Defense Ministry announced on Monday the start of joint naval and air exercises with Russia, dubbed “Northern United-2024,” scheduled for this month....