Cyprus forex shaken by trading fraud

Cyprus’ forex industry has been rattled by €15 mln trading fraud, forcing two Limassol-based firms out of business, while more than 2,000 people employed have lost their jobs in recent weeks. Industry

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KEAN juices big in China

KEAN is an ever-present in the HORECA sector for juices and soft drinks in traditional Cyprus coffeeshops to five-star hotels, but China has also grown a taste for it. Cypriots are not

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Tourism reboot for 2022

The Ministry of Tourism is putting everything into boosting the island’s seasonality to salvage what’s left of another coronavirus-battered year while laying the groundwork for a strong restart in 2022. Encouraged by

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‘Generous’ incentives to buy electric

Cyprus is taking another step towards clean mobility as authorities gear up to launch an attractive €10,000 incentive package to encourage motorists to scrap their old petrol cars for a new environmentally-friendly

Cyprus may miss out on EU millions

Time is running out for Cyprus to fulfil its European Commission obligations for the next instalment of €85 mln from the EU’s Recovery and Resilience Fund, with officials urging MPs to pass

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No end in electricity bills hike

Consumers in Cyprus should not get carried away by a 10% discount on their next two electricity bills, due to rising penalties the Electricity Authority has to pay for the right to

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Halloumi protection status challenged

Two weeks before Halloumi hits supermarket shelves across the European Union as a protected designation of origin (PDO) product, Cyprus cheesemakers have challenged it, claiming exports worth millions are endangered. From 1

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