Breaking news

Cyprus Emerges As Eu Retail Champion With 10.4% Growth In September 2025

Cyprus has distinguished itself as the leader in retail trade performance within the European Union for September 2025. According to data released by Eurostat, the country’s retail trade volume in food, beverages, and tobacco surged by 10.4% compared to September 2024, marking the highest annual growth among EU nations with available data.

Regional Comparisons And Emerging Trends

Across the broader European Union, retail sales in this key category experienced a modest year-on-year increase of 0.5%, while the euro area observed a 1.0% rise. Out of 25 EU member states reporting data, 15 recorded annual gains. Noteworthy performances include Spain with a 4.5% increase and Malta at 4.4%, although both figures pale in comparison to Cyprus’s double-digit expansion.

Contrasting Performances Across The Union

In contrast to these gains, several EU member states experienced declines in retail trade volumes. Estonia saw the steepest drop at 4.8%, followed by Romania at 4.5%, and Belgium at 3.4%. The Eurostat report underscores that while overall growth in retail trade remains modest yet stable, the dynamic consumer activity in southern European economies, particularly Cyprus, points to a resilient and adaptable market environment.

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

eCredo
Uol
Aretilaw firm
The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter