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2551. EY acted as lead advisor to the Government of the Republic of Cyprus for the re-development of the Larnaca Port and Marina area

The Strategy and Transactions team of EY Cyprus undertook a lead financial advisory role on behalf of the Ministry of Transport, Communications and Works (“MTCW”) of the Republic of Cyprus in the successful completion of the transaction for the re-development of the Larnaca Port and Marina area between the Government of the Republic of Cyprus and Kition Ocean Holdings Ltd. ...

2552. Discover a world full of opportunities at UCLan Cyprus Open Day

The Open Day will take place on Wednesday, the 21st of July 2021, at UCLan Cyprus Campus in Larnaka, from 10:00 – 19:00....

2553. Safe Pass law lets door greeters inspect ID docs

Business establishments in the Republic of Cyprus are now inspecting Safe Pass documents presented at the entrance by customers, who are also required by emergency law to show proof of identity when the employee at the door doubts the veracity of a person’s identity...

2554. Cyprus targets young adults with alms for jabs

The Cypriot government is expected soon to announce incentives that would encourage young people to get vaccinated, while subsidized hotel stays for those who got the jab begin later this week...

2555. ECOMMBX and friends take immediate action to help wildfire victims

Without any second thoughts ECOMMBX, ECOMMPAY and other fintech/ IT/ Technology companies, members of Techisland community, cojoined forces to raise a total of €900.000 for immediate and short-term relief measures. ...

2556. Policing Safe Pass put to the test

An incident in broad daylight in Nicosia has raised questions over the latest use of Safe Pass, with police keeping quiet about reports of a downtown arrest and some business owners refusing to check documents at the door...

2557. Cyprus cases just shy of quadruple digits

An unprecedented surge in covid cases in the middle of the summer has prompted officials in the Republic of Cyprus to seek more scientific guidance after new daily infections reached 993 on Thursday....

2558. Government responds to fire with €6 million aid

The Republic of Cyprus has announced €6 million in financial aid for villages affected by a deadly fire, including compensation to the families of victims, with the government clarifying that illegal or uninsured structures would not be an issue...

2559. Cyprus raises bar for sake of normality

The President’s Cabinet in the Republic of Cyprus has added a few finishing touches on its latest Safe Pass measures as daily COVID cases continue to rise, with the government allowing more flexibility for businesses willing to cater to people who are vaccinated...

2560. Exness pledges 300,000 euro in financial support following devastating wildfires

Cyprus wakes up to another grim day following what has been characterized as the most devastating fire in the history of the island....

2561. Cyprus rolls out ‘jab discount’ for hotel stays

Lodging businesses in the Republic of Cyprus have until Friday to apply for a state subsidy that would partially fund hotel stays for vacationers who got the vaccine or the state has a record of their recovery from COVID...

2562. Cavusoglu visit sets threshold in Cyprus talks

Turkish Foreign Minister Mevlut Cavusoglu says Ankara does not accept the mentality that Turkish Cypriots are a minority in Cyprus, accusing Greek Cypriots of denying equality between the two communities while also pulling favors from the European Union...

2563. Cyprus readies gratitude gift bag for vaccinated

New measures to reward vaccinated citizens in the Republic of Cyprus are to be decided in a Cabinet meeting on Friday following a sevenfold increase in daily COVID cases, with the government seeking ways to punish those who refuse to get the jab...

2564. Jho Low wanted to be a Cypriot banker

A British investigative journalist told an audience in Nicosia that Cypriot-naturalized financier Jho Low had tried to use contacts with Kuwaitis to buy a bank on the island where the Malaysian fugitive could launder stolen money...

2565. Legal defends blacked out passport report

The Legal department in the Republic of Cyprus has issued its final report on golden passports, but its decision to include privacy issues as a reason to black out information has come under media scrutiny...

2566. ECB tells Cyprus lawmakers to get it right

Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...

2567. Cyprus to try hand at luxury camping

Cyprus’s tourism minister says there is great interest in Cyprus becoming a “glamping” destination, but laws need to be amended as luxury camping, a crossover between campgrounds and hotels, is not currently regulated in the Republic...

2568. Cyprus lifts curfew as nightclubs open

The government of the Republic of Cyprus lifted a night curfew on Thursday as further relaxations of pandemic measures kicked in, including the opening of nightclubs based on last-minute protocols...

2569. Cyprus’ passport committee issues final report

Over half of the golden passports approved by the President’s Cabinet in the Republic of Cyprus were illegal, a special committee has found, and it is now up to the attorney general to ascertain whether any ministers may have had fraudulent intent...

2570. G7 agree on plan targeting tax heavens

The G7 reached a landmark deal on Saturday to pursue higher global tax rates on multinational businesses but the measures need broader support including an EU resolution, with retractors including Cyprus where Amazon recently registered a company...

2571. Legal departments face challenges in transformation efforts

Legal departments across the globe are facing a mounting list of operational challenges as they look to transform in the wake of complex digital and regulatory change, according to the 2021 EY Law Survey, which was conducted in collaboration with the Harvard Law School Center on the Legal Profession...

2572. Family businesses in Europe fared better in response to COVID-19

For businesses of all types, the first impact on the pandemic was felt on revenues. 64% of European family businesses reported initial revenue losses compared to 69% of family businesses globally, 25% managed to maintain their revenue levels, and 11% experienced increases...

2573. KPMG and CIM offer 2 scholarships

KPMG in Cyprus and the Cyprus Institute of Marketing – The Cyprus Business School (CIM) offer for third consecutive year the opportunity to two fellow citizens to acquire an undergraduate or a postgraduate degree...

2574. Advisory Services to the Cyprus Cancer Research Institute

KPMG in Cyprus will offer pro-bono Advisory Services to the Cyprus Cancer Research Institute (CCRI). Based on the partnership, the scope of services relates to the overall design of the Institute’s operational processes...

2575. Shipping Industry Cyprus - B2B Meetings with German Companies

2576. Consulco outperforms the London property market says MSCI.

The annual MSCI results are now available, and Consulco’s London commercial real estate portfolio outperformed the Greater London Retail property market by 5.9 % during 2020. ...

2577. Cyprus relaxes further as situation improves

The Cabinet in the Republic of Cyprus is moving forward with more relaxations, following further improvement of the epidemiological situation, but many places still remain off limits to those without a SafePass...

2578. Grenade thrown at home of trial witness

Three young males have been arrested in connection with an investigation into a hand grenade attack against a Lakatamia residence, whose owner is a witness in the Alexoui case...

2579. Cabinet under pressure to modify safe pass

There are reports of second thoughts over the scope of Cyprus’ safety pass with Kathimerini reporting that grievances within the hospitality industry have reached the Presidential Palace, putting enormous pressure on the health minister to water down rules pertaining to restaurants...

2580. Threedium sets sights on US market: A Cyprus Success Story in the Making

In April of 2017, five ambitious tech enthusiasts fresh out of university, of whom two were Cypriot, had a vision: to bridge the gap between online and in-store experiences by building a solution that would help customers better understand and evaluate the products they were browsing to buy...