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211. Cyprus airports enter phase two on Saturday

The opening of Cyprus airports is set to enter phase two on Saturday, when passengers arriving from countries listed in category A by the Health Ministry will not need to present proof of a negative coronavirus test, but will be subjected to a mandatory rapid test upon arrival....

212. Health Ministry issues list categorizing countries according to COVID-19 risk

The Health Ministry’s epidemiological surveillance and infectious disease control unit released on Wednesday a list of countries separated into three categories after evaluating the epidemiological risk of each country as regards coronavirus....

213. Med7 calls on Turkey to respect law of the sea

The foreign ministers of Greece, Cyprus, France, Italy, Malta, Portugal and Spain, a group dubbed the Med7, issued a joint declaration on Thursday calling on “all countries of the region to respect international law, including the law of the sea, and in particular the sovereignty and sovereign rights of EU member-states.” ...

214. Cyprus to launch SMS campaign to stem migrant arrivals

Cyprus is launching a multilingual SMS campaign to head off more migrant arrivals by dispelling the mistaken belief the European Union member country is a gateway to the continent, the Cypriot interior minister said Sunday....

215. Airports to reopen in two stages from June 9

Cyprus on Friday worked out the details of the resumption of its tourism sector, with the Cabinet green lighting a two-stage action plan for the reopening of the Larnaca and Paphos airports....

216. Health advisory committee evaluating 20 countries for tourism protocol

With the Cabinet set to take concrete decisions on Friday regarding the gradual resumption of the operation of airports in mid-June, the Health Ministry’s epidemiological surveillance unit is evaluating a list of 20 countries from which Cyprus could receive tourists this summer....

217. President gives thanks to nurses and midwives

President Nicos Anastasiades expressed the government’s and his own “deep gratitude” toward nurses and midwives for their valuable contribution in protecting the public’s health....

218. Cyprus records third least coronavirus cases in EU

Among all European countries, Cyprus has so far recorded the third least coronavirus cases, data released by the European Centre for Disease Prevention and Control on Wednesday showed....

219. Eurozone set for record recession, EU Commission warns

The eurozone economy will contract by a record 7.7 percent this year because of the Covid-19 pandemic and inflation will almost disappear while public debt and budget deficits will balloon, the European Commission forecast on Wednesday....

220. EU governments risk clash with EU exec in bid to save tourism season

European Union governments risk a clash with the EU executive arm over their support for travel firms issuing vouchers for cancelled holiday deals without giving customers the option of cash refunds as required by EU law, diplomats said....

221. Corporate Social Responsibility and Corporates’ response to COVID19

The long-term debate over CSR is concerned with whose interests should be attended to, shareholders or stakeholders, and this is actually the debate of the two competing theories over the purpose of the modern business firm...

222. Paphos airport on alert after woman arrives with high fever

Paphos airport was on alert on Thursday after a woman who had flown in from Malta showed symptoms of high fever when tested by airport medics....

223. Cyprus to ban flights from 28 countries

As of Saturday, flights to the Larnaca and Paphos airports from 28 countries will be banned, Health Minister Constantinos Ioannou announced on Tuesday night, noting that this stricter measure does not affect cargo....

224. Finland to accept 175 asylum seekers from Mediterranean 'hotspots'

The government of Finland announced on Thursday that it will be accepting up to 175 asylum seekers from Cyprus, Greece, Malta and Italy, in a bid to facilitate their humanitarian situation in EU member states in the Mediterranean....

225. Cyprus enterprises rank fourth in EU for social media use

Cyprus ranked fourth among the EU 27 in the number of enterprises using at least one type of social media in 2019, recording a hike of 20 per cent since 2014....

226. Cyprus pensions gender inequality among highest in EU

Female pensioners in Cyprus received a pension that was 38.2 per cent lower than male pensioners in 2018, much higher than the EU average of a 30 per cent pension gap....

227. Football and Money Laundering

It has been identified years back at European and global level, that sports and especially football is being used by criminals to launder dirty money and derive illegal income...

228. Greek FM in Malta for talks

Greek Foreign Minister Nikos Dendias is visiting Malta on Wednesday for talks with the country’s President George Vella as well as with European and Foreign Affairs Minister Evarist Bartolo....

229. Cyprus records lowest cancer-related deaths in EU

With 194 deaths for every 100,000 people, Cyprus recorded the least number of cancer-related deaths EU-wide in 2016....

230. Greece not trying to create ‘anti-Turkish front,’ Greek FM says

Foreign Minister Nikos Dendias says Greece is not trying to drum up opposition against Turkey but rather support for what is reasonable and would enable more cooperation in the Mediterranean....

231. K. Treppides & Co Ltd: Family offices and Succession Planning for the Next Generation

The expansion of the family office sector has increased exponentially since the millennium. For most family offices, the greatest challenge to overcome is the successful transfer of the family structure to the next generation....

232. Revenue from ship management dips

Ship management revenues decreased in the first half of 2019 by €5 million, according to the results of the Ship Management Survey for the first half of 2019, concerning the transactions of resident ship management companies published Wednesday by the Central Bank of Cyprus...

233. Anti-Money Laundering and Terrorist Financing Preventing Framework: Legislation Gaps

Over the last years, the EU has developed a solid regulatory framework for preventing money laundering and terrorist financing. However, these rules are not always able to capture the growing technological developments and potential gaps that can be exploited by criminals...

234. Financial Services towards Artificial Intelligence and Machine Learning

Artificial Intelligence in general and machine learning in particular, is not a new concept, but it is only in recent years that financial services firms have started to learn about and understand its full potential...

235. K.Treppides & Co Ltd: Time Value of Money

What if a close friend asks today to borrow 1,000EUR with the precondition to repay the exact same amount in five years? Would you take the deal or not?...

236. New offices in Malta for Michael Kyprianou & Co LLC

237. K. Treppides & Co Ltd: Income Tax Law Amendments

The House of Representatives voted on 5 April 2019, a series of provisions amending the Income Tax Law which were published in the Official Gazette of the Republic on 25 April 2019...

238. European Parliament report accuses seven countries, including Cyprus, of acting as tax havens

The European Parliament urged EU member states on Tuesday to curb money-laundering in the bloc by ending programs to sell visas and passports, a step the multi-billion-dollar industry said would cause economic damage....

239. K. Treppides & Co Ltd: Cryptocurrencies/Digital Assets and Regulation

Following the latest trend with the VFA's or Cryptocurrencies or Digital Assets and the Blockchain technology behind them, a booming and contagious effect is spreading between Continents since they are considered to be the ‘golden key’ to a new age...

240. K. Treppides & Co Ltd - Cyprus in the new International Tax Reality

In the years 2019-2020, Cyprus will transpose into its national law the provisions of the EU Anti Avoidance Directive, with three measures of the Directive being effective from 1st of January 2019...