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EUIPO Warns Of Risks From Illegal Platforms And Counterfeits 

The Head of Service of Outreach and Knowledge at the European Union Intellectual Property Office (EUIPO), Claire Castel, has issued a stark warning about the dangers associated with using illegal platforms and counterfeit goods. Speaking to the Cyprus News Agency (CNA), Castel highlighted the economic and security risks posed by piracy and counterfeit operations, which fund organised crime and expose consumers to identity theft, viruses, and financial scams.

Castel emphasised the necessity of public awareness in combating intellectual property (IP) infringement. She pointed out that, despite improvements in the availability of legal platforms since the early 2000s, illegal streaming and counterfeit products continue to undermine legitimate businesses and sports organisations by diverting necessary funding and revenues. These illegal activities not only jeopardise the financial stability of these entities but also endanger consumers by offering substandard products that fail to meet safety and health standards.

To mitigate these risks, Castel advised consumers to verify the authenticity of websites by looking for HTTPS in the URL, checking for clear contact information, reading reviews on trusted platforms, and ensuring the presence of legal disclaimers and privacy policies. She also recommended the EU’s agorateka portal, which lists over 4500 legal content sources, as a resource for distinguishing between legitimate and pirated digital content.

Addressing the cost-driven motivations behind the consumption of counterfeit goods and pirated content, Castel acknowledged that affordability and accessibility are significant factors. However, she urged consumers to consider the hidden costs of such choices, including health and safety risks, cybersecurity threats, and the support of organised crime. Castel called for a continued European-wide approach to tackling IP crime, supported by the EU policy cycle and member states’ participation.

This comprehensive strategy underscores the need for collective action and consumer vigilance to safeguard economic interests and public safety against the pervasive threat of illegal platforms and counterfeit operations. As the digital landscape continues to evolve, so too must the measures to protect intellectual property and ensure a secure online environment for all.

Cyprus Real Estate Set for Correction Amid Transformative Housing Strategies

Market Outlook And Economic Impact

Cyprus is bracing for a significant recalibration in its real estate market, with anticipated declines in both rental and purchase prices over the coming years. President Nikos Christodoulides, speaking at a Cyprus Property Developers Association dinner in Limassol, attributed these market adjustments to the influx of new housing developments poised to recalibrate supply and demand dynamics.

Robust National Initiatives

Addressing a distinguished audience that included Interior Minister Constantinos Ioannou, President Christodoulides framed real estate and construction as cornerstone sectors of the Cypriot economy—a realm that contributes 15 percent of GDP and sustains over 40,000 jobs. The president lauded the association for its constructive role, affirming that public-private cooperation has enhanced the nation’s resilience and competitiveness.

Targeted Housing Policies

Central to the government’s strategy is the national housing policy, which seeks targeted measures to alleviate housing shortages by boosting affordable unit production, especially for the younger demographic. Initiatives such as the national strategy ‘Stegazo to Mellon mou’ and the Build to Rent scheme are already showing results. These programs grant developers a 25 to 45 percent bonus in building coefficients in exchange for dedicating new units to the affordable segment.

Streamlined Development And Regulatory Reforms

In parallel, government reforms are set to accelerate the permitting process, with approvals for urban planning and building permits now targeted at 40 working days for low-risk and 80 days for medium-risk projects. Additionally, a forthcoming bill on jointly owned buildings signals a proactive approach to resolving long-standing management disputes, further positioning Cyprus as an attractive destination for sustainable real estate development.

Beyond Real Estate

President Christodoulides also highlighted other transformative measures, including the launch of a Business Support Center designed to boost public sector efficiency, and outlined the ambition to complete all necessary technical specifications for Schengen Area accession by the end of 2025. These initiatives collectively underscore the government’s commitment to enhancing both the domestic investment climate and broader economic productivity.

Short-Term Market Trends

On the demand side, the Central Bank’s House Price Index has already flagged a slowing trend from the third quarter of 2024. With strong public and private sector engagement, Cyprus anticipates this deceleration to persist, ensuring that new housing supply ultimately leads to a more balanced market and a reduction in property costs.

In summary, these strategic reforms, supported by robust governmental initiatives and market-driven collaboration, signal a pivotal moment for Cyprus. As enhanced housing supply meets its counterpart in demand, the long-term outlook for a healthier, more sustainable real estate market appears well within reach.

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