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Paphos Leads Cyprus Real Estate Market For International Buyers In March 2025

by News Editor

April 9, 2025

In March 2025, Paphos has once again claimed the top spot as the most sought-after region in the Cypriot real estate market for international buyers. With 204 property sales, Paphos has outperformed other regions, including Limassol, which recorded 172 sales, followed by Larnaca with 152, Nicosia with 54, and Famagusta with 25.

The allure of Paphos stems from a 38% increase in international demand compared to the previous year. This popularity is attributed to its competitive pricing when contrasted with Limassol, alongside its appealing lifestyle offerings, including world-class golf courses, a refurbished city center, cultural heritage, breathtaking landscapes, and convenient access to an international airport.

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To explore how market dynamics are shifting, check out our insights on Europe’s Retail Sector in 2025 and glance at ruminations on Cyprus Luxury Real Estate. These articles highlight economic conditions influencing real estate trends both locally and globally.

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EU Slaps Apple And Meta With Hefty Fines For Digital Market Violations

by News Editor

April 23, 2025

Hefty Penalties for Tech Giants

The European Commission has recently imposed substantial fines on tech behemoths Apple and Meta. Apple faces a €500 million penalty, while Meta has been fined €200 million for breaching the Digital Markets Act (DMA).

Behind the Decision

After engaging in extensive discussions with the companies, the Commission concluded that both giants failed to adhere to the DMA’s regulations. These decisions could potentially lead to diplomatic friction, especially considering former U.S. President Donald Trump’s threatened tariffs on nations that impose penalties on American firms.

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Messages from the Commission

Teresa Ribera, Executive Vice President of the European Commission, emphasized the importance of this ruling. “The DMA is a pivotal tool ensuring that digital players operate within fair market boundaries. Apple and Meta’s actions have amplified user dependency on their platforms, contravening our laws,” she stated.

A Wider Impact on the Digital Economy

This landmark decision underscores the EU’s commitment to nurturing a balanced digital market landscape. As Cyprus continues its economic ascent, with its GDP reaching €33.57 billion, such regulatory measures are critical for maintaining cross-border economic stability.