ECONOMY Photo courtesy CIO Business World From Silicon Valley to Cyprus, tech titans eye the island for their next big move Newsroom Cyprus is making bold moves on the global investment stage, with recent diplomatic and business outreach campaigns targeting major players in the U.S. and India. READ MORE
Nuvei to buy in cash Cyprus based fintech firm SafeCharge for $889 million The deal will create a company with a revenue of approx. $300 million and a transaction volume of approx. $30 billion Newsroom 28/05/2019 | BUSINESS
DBRS reaffirms Cyprus’s rating NPE challenges remain but growth continues to be strong Newsroom / CNA 20/05/2019 | BUSINESS
CBC ready to examine ambiguities in AML laws Herodotou said Cypriot banks take more time to carry out due diligence checks compared with their EU peers Source: CNA 17/05/2019 | BUSINESS
EU regulators fine five banks 1.07 billion euros for forex rigging Barclays, Citigroup, JPMorgan, MUFG and Royal Bank of Scotland fined by EU Source: Reuters 16/05/2019 | BUSINESS
Cyprus and Kazakhstan sign double taxation avoidance agreement The treaty is based on the OECD’s Model Convention for the Avoidance of Double Taxation on Income and on Capital Newsroom / CNA 16/05/2019 | BUSINESS
Radisson to expand footprint into Nicosia Hotel chain established in Larnaca throws hat in the ring as capital’s hotel industry is reshaped Newsroom 15/05/2019 | BUSINESS
Russian World Foundation honors Andreas Neocleous Lawyer Andreas Neocleous honored at ceremony at the Russian House in Limassol Newsroom 15/05/2019 | BUSINESS
Bank of Cyprus posts profit amid CEO departure Management actively exploring strategies to further accelerate de-risking said Hourican Newsroom 14/05/2019 | BUSINESS
New CEO for Bank of Cyprus Insider Panicos Nicolaou will replace John Patrick Hourican as Chief Executive Officer Newsroom 13/05/2019 | BUSINESS
