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Cyprus Trade Deficit Drops By 3.97% In 2024

by THEFUTURE.TEAM

February 11, 2025

Cyprus’s trade deficit has seen a modest reduction of 3.97% in 2024, dropping from €8,470.4 million in January–December 2023 to €8,134.3 million in the same period of 2024, according to provisional data from Cystat

Key Highlights:

Imports: Total imports for 2024 were €12,256.1 million, down by 7% from 2023 (€13,179.8 million).
Exports: Exports fell by 12.5% to €4,121.8 million, compared to €4,709.4 million in 2023.

December 2024 Snapshot

Imports in December surged to €1,314.3 million, a significant increase of 37.8% from December 2023 (€954.1 million).
- Imports from the EU: €662.7 million
- Imports from third countries: €651.6 million
Exports in December totaled €359 million, down by 8.5% from December 2023 (€392.4 million).
- Exports to the EU: €88 million
- Exports to third countries: €271 million

Noteworthy: December imports included a significant €372.5 million from vessel and aircraft ownership transfers—up dramatically from just €4.8 million in December 2023.

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November 2024 Recap

Imports in November increased by 3.7%, reaching €1,139.6 million (compared to €1,098.6 million in November 2023).
Domestic exports grew by 7.7%, totaling €244.1 million.
- Industrial product exports were up to €236.5 million from €218.2 million in November 2023.
- Agricultural exports remained steady at €6.5 million.

However, exports of foreign products plummeted by 74.2%, from €519.2 million in November 2023 to just €134.1 million in November 2024.

The Future Forbes Realty Global Properties

Telegram Expands U.S. Access To Ton Crypto Wallet

by THEFUTURE.TEAM

July 23, 2025

Integrating Crypto Within A Trusted Platform

Telegram has taken a significant step by launching its TON crypto wallet for 87 million U.S. users. Built on the TON blockchain, this integrated wallet is designed to simplify the onramp for new crypto enthusiasts directly within the familiar Telegram app.

Overcoming Regulatory Barriers

Since 2023, international users have enjoyed access to Telegram’s self-custodial crypto wallet. However, U.S. users were previously restricted due to regulatory uncertainties. With the current expansion, Telegram addresses these challenges, underscoring its commitment to broadening access to digital finance.

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Market Impact And User Adoption

Telegram’s strategy mirrors broader trends in fintech, where ease of use and seamless integration have become key drivers of adoption. Over 100 million global users activated their wallets last year, representing about 10% of Telegram’s total active user base. Additionally, public data indicates that approximately 334,000 transactions occur daily on the TON blockchain, highlighting a vibrant ecosystem.

Strategic Significance For The Crypto Industry

By embedding a crypto wallet directly into its application, Telegram not only boosts user engagement but also sets a benchmark for how established platforms can innovate in the digital currency space. This strategy could serve as a model for other tech giants, reinforcing the value of combining secure, user-friendly digital financial solutions with large, active communities.