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Counterfeit Food And Beverage Trade: Cyprus And The EU Economic Impact

Economic And Employment Losses

The European Union’s crackdown on counterfeit food and beverages reveals a stark reality: Cyprus incurs annual losses of €8 million alongside more than 16 job losses, while the overall impact across the EU remains significant. The European Union Intellectual Property Office (EUIPO) has highlighted that counterfeit wines and spirits are responsible for annual sales losses of €2.29 billion and the destruction of almost 5,700 jobs. These figures underscore a growing criminal threat with widespread economic repercussions.

Public Health Concerns And Consumer Risks

The danger extends beyond economic considerations. Counterfeit products, especially alcoholic beverages, frequently contain hazardous substances such as methanol, mercury, and banned pesticides, thereby posing serious health risks. EUIPO’s campaign, titled ‘What’s On Your Table?’, is designed to inform consumers, urging them to source quality products only from trusted retailers and official websites. The agency emphasizes that safe consumption is a collective responsibility involving regulators, producers, and consumers.

Criminal Networks And Digital Exploitation

What was once primarily associated with counterfeit luxury goods and fashion has now evolved. Criminal networks are increasingly targeting the food sector, as documented by the 2022 Intellectual Property Crime Threat Assessment. The report noted that food was the second most intercepted product category at EU external borders. Moreover, the rise of e-commerce has provided new channels for the distribution of counterfeit goods, with organized crime adeptly using digital platforms to replicate premium brands through fake labels, packaging, and production techniques.

Sector-Specific Challenges And Regulatory Responses

Alcoholic beverages are particularly vulnerable, with instances of organized crime groups refilling authentic bottles with diluted or dangerous contents or even applying fraudulent labels. The cumulative economic impact in the wine and spirits sector has been considerable: from 2013 to 2017, estimated annual lost sales surpassed €2.2 billion, with an additional €2.06 billion in lost tax revenue across the EU. Despite being smaller in scale, Cyprus is not exempt from these challenges.

Guidance For Consumers And Future Outlook

In light of these findings, EUIPO advises consumers to remain vigilant. Key recommendations include purchasing food and beverages only from authorized retailers, thoroughly inspecting packaging for authenticity indicators such as EU geographical indication labels (PDO, PGI, SPC), and utilizing modern verification tools like QR codes and holograms. As counterfeit operations grow increasingly sophisticated, enhanced regulatory measures and public awareness remain critical to safeguarding both economic interests and public health.

Evel Elects New President As Maria Theocharous Takes Over For 2026–2029 Term

Maria Theocharous has been elected president of the Limassol Chamber of Commerce and Industry (Evel), taking over from Yiannis Tsouloftas for a three-year term covering 2026–2029. Theocharous previously served as the chamber’s vice-president for tourism.

The leadership transition marks a new chapter for one of Cyprus’ main regional business organisations, with the new board set to represent the district’s key economic sectors.

New Leadership Emphasises Cooperation

The chamber’s annual meeting brought together government, business and local authority representatives, including Energy, Commerce and Industry Minister Michael Damianos, Cyprus Chamber of Commerce and Industry (Keve) president Stavros Stavrou, Limassol district local government organisation president Yiannis Tsouloftas and Limassol mayor Yiannis Armeftis.

Speakers highlighted the importance of closer cooperation between public authorities and businesses in supporting Limassol’s economic development.

Representatives of the Cyprus Shipping Chamber (CSC) also congratulated Theocharous on her election and thanked the outgoing president for his cooperation. The CSC described Evel as a longstanding partner, noting the chamber’s contribution to Limassol’s business development over more than six decades.

Tsouloftas Reviews Six Years As President

In his final address, Tsouloftas reviewed the chamber’s work between 2020 and 2026, highlighting its advocacy for major infrastructure projects and efforts to address development challenges across the district.

He also outlined initiatives to remove obstacles facing local businesses, accelerate development plans and improve the conditions for economic activity.

Tsouloftas will remain involved as immediate past president, providing continuity during the transition.

New Board Covers Key Business Sectors

The new board includes representatives responsible for the chamber’s main portfolios:

  • Ilikos Charalambous, vice-president for commerce
  • Vasos Demetriades, vice-president for industry
  • Christos Nicolaou, vice-president for services
  • Nicolas Agiomamitis, vice-president for tourism
  • Ilias Theodorou, vice-president for finance
  • Demosthenes Mavrellis, vice-president for innovation and technology
  • Ilias Neocleous, honorary secretary

Other board members are Minos Agathocleous, Marios Antoniou, George Demetriou, Anastasios Kounoudis, Marios Constantinou, Xanthos Nemptsas, Antonis Pappas, Charalambos Pattichis, Chrysis Petousis, Farah Shammas, Andreas Tsouloftas and Kyriacos Hadjiathanasiou.

Costas Ioannides, Agathi Katsi, Anna Petraki, Filippos Filis and Tonis Hadjiloucas have been appointed members by distinction. The chamber also highlighted the growing participation of women in business leadership and decision-making.

Chamber Recognises Longstanding Contributions

The annual meeting also recognised businesses and individuals for their contributions, including members who have maintained continuous membership for 50 years.

Tributes were paid to three former contributors to the chamber, Tonis Antoniou, Dimi Mavropoulos and Andreas Laou, in recognition of their service.

Under Theocharous’ leadership, Evel begins its 2026–2029 term with a board covering commerce, industry, services, tourism, finance and innovation. Its priorities include continuing to represent Limassol businesses and advocating for the investment and cooperation needed to support the district’s economic growth.

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