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2641. Witness slip-up stuns court in Alexoui case

Prosecutors in the Alexoui case were forced to correct the record on Monday, in reference to a previous hearing when it emerged that their sole prosecution witness and victim had access to undisclosed information from a recent witness statement...

2642. Thousands of Covid decree violation fines left unpaid

Thousands of fines issued to the public for violating coronavirus decrees remain unpaid, Kathimerini Cyprus reported Monday....

2643. President blames CIP failure on recklessness

Cyprus’ disgraced Citizenship by Investment Programme took a heavy toll after it was 'recklessly promoted' overseas, according to President Nicos Anastasiades, who testified on Tuesday before an independent committee, while telling reporters later that he would not revisit the matter until after probe findings are concluded...

2644. Anastasiades takes the stand in passports probe

Cyprus’ citizenship by investment scheme will not be revived but other incentives will be given to attract investments, excluding citizenship, President Nicos Anastasiades said on Tuesday, following a 3-hour-long testimony before the investigative committee probing Cyprus’ nixed citizenship-by-investment scheme....

2645. KPMG unveils Impact Plan: shares progress against newly created Stakeholder Capitalism Metrics

KPMG has recently published its first global environmental, social and governance (ESG) plan. KPMG Impact Plan brings together new and existing ESG commitments under one umbrella, focusing on four important categories: Planet, People, Prosperity and Governance...

2646. Rapid tests Cyprus' main weapon amid gradual relaxation

A major weapon in the government’s battle against a renewed flare-up of the virus as lockdown measures are steadily lifted are rapid tests, with employees who are set to return to work next week subject to a €300 fine if they haven’t gotten checked for the virus....

2647. Policy priorities unaffected by pandemic, FinMin says

Despite the crisis of the Covid-19 pandemic Cyprus’ economic policies remain the same, targeting macroeconomic and financial stability, prudent fiscal policies, and establishing a competitive, business-friendly regulatory environment of high standards, Minister of Finance Constantinos Petrides said on Thursday....

2648. Lawyer says Al Jazeera took him out of context

Cypriot attorney Andreas Pittadjis, who was targeted in an Al Jazeera undercover investigation into allegations of corruption over golden passports, took to social media to reiterate his position he did nothing illegal, accusing the foreign network of being dishonest...

2649. The key to a successful investment lies in… behaviour?

2650. Gradual easing of measures starts next week

The President’s Cabinet approved a gradual lift of a partial lockdown starting on Monday, with the health minister saying the decision was designed to avoid making hasty moves...

2651. COVID-19 is adding new impetus to finance transformation

2652. Experts mulling methodology of lockdown relaxations

Any relaxations to current restriction measures that are expected at the end of the month should be gradual and targeted, member of the government’s coronavirus advisory committee, Dr Maria Koliou, told the Cyprus News Agency on Tuesday....

2653. Cyprus second in EU for coronavirus testing

Cyprus ranks second among 29 European countries in coronavirus tests per 100,000 people, according to figures released by European Centre for Disease Prevention and Control (ECDC) on Friday....

2654. Cyprus launches online social insurance payment system

Cyprus’ new online system for the payment of social insurance contributions was presented on Thursday by Labour Minister Zeta Emilianidou and Deputy Minister for Research, Innovation and Digital Policy Kyriakos Kokkinos....

2655. Cyprus aiming for full absorption of EU funds

Finance Minister Constantinos Petrides said Cyprus wants to achieve an absorption of 100% of the maximum of €968 million it could receive from the European structural and investment funds, but this requires that Cyprus invests in projects amounting to €1.8 billion....

2656. Your gateway to global investment opportunities

In the past, having resolved to ‘save for a rainy day’ financial well being, for many, took care of itself and your life’s goal was aided by interest earned on those monies, which saw your money working for you but the equation today is not so simple...

2657. SMS system returns as Cyprus enters three-week lockdown

Cyprus Health Minister Constantinos Ioannou announced the new restrictions agreed upon by the Cabinet on Friday, which include a clampdown on unnecessary movements, and social and professional gatherings....

2658. Cyprus, Portugal agree to take ties to next level

Cyprus Foreign Minister Nikos Christodoulides paid an official visit to Portugal’s capital on Thursday for a tête-à-tête with his Portuguese counterpart Augusto Santos Silva on the occasion of Portugal’s assumption of the presidency of the Council of the European Union on January 1....

2659. Government buys time on new COVID measures

The health, finance, and labour ministers of the Republic of Cyprus have been tasked to reconcile a number of issues before a Cabinet meeting on Friday, essentially stalling the announcement of new COVID measures which was expected on Thursday...

2660. Cyprus, US sign Declaration of Intent on border security

Cyprus and the USA signed on Tuesday a Declaration of Intent on strengthening cooperation on border security issues, in view of enhancing their capacity to counter common threats and foster stability in the region. ...

2661. Cyprus holds turned thumb over lockdown

Cyprus’ lockdown stance continued to remain unclear following a special meeting between experts and the health minister, with the government hinting thumbs down for a new lockdown citing economic reasons but also thumbs up for stricter measures after hospitalizations reached dangerous levels...

2662. Quarantine hairstylist says he broke no laws

A hairstylist who tested positive for COVID-19 and suffered the wrath of the press after police cited him for violating health protocols says he did not break any laws, with police urging the public to remain vigilant in the fight against the spread of the virus...

2663. Folli Follie report unveils 17-year scam

The troubled Folli Follie company’s major shareholders, the Koutsolioutsos family, reaped the benefits of a well-orchestrated fraud scheme that lasted for at least 17 years, under the nose of the supervisory authorities, generating hundreds of millions of euros in profits, according to an audit report by PricewaterhouseCoopers. ...

2664. Cyprus remains an attractive investment destination

Cyprus remains an attractive investment destination, especially among established investors ...

2665. Cabinet to decide on holiday leniency

With Christmas day and the New Year approaching, businesses and the public are growing increasingly eager to see whether restriction measures in place will be loosened, but recent figures and the climbing death toll point to any relaxation being a highly unlikely scenario...

2666. AG says release of 'golden passports' files would harm investigations

The findings of the investigative committee looking into the Cyprus’ disgraced Citizenship by Investment scheme will be made public to the degree that will not affect public interest, Attorney General Giorgos Savvides said Friday....

2667. Cyprus calls on Egypt to assist in persuading Turkey to shift intransigent stance

Cyprus President Nicos Anastasiades has asked the Egyptian government to exert every effort towards persuading Turkey to alter its intransigent stance and to reverse its unilateral and provocative actions, in view of ultimately easing of tensions in a consistent and sustained manner, allowing the cultivation of a climate that is conducive to facilitating the resumption of the peace process....

2668. 5G bidding process wraps up, first licences in January 2021

The bidding process of the 5G frequencies auction wrapped up smoothly on Thursday, with the first licences expected to be distributed in January 2021, a press release by the Deputy Ministry of Research, Innovation and Digital Policy, said....

2669. EY Cyprus sponsors 3rd Anti-Fraud Conference

EY Cyprus has, once again, sponsored and participated in the 3rd Cyprus Anti-Fraud Conference, which was organised by IMH and the Cyprus Chapter of the Association of Certified Fraud Examiners (ACFE). The event was held online on Tuesday 15th December...

2670. Police focus on Larnaca in passport probe

Police in Larnaca carried out searches on Tuesday in connection with an ongoing criminal probe into golden passports, with reports saying investigators were focusing on at least five persons of interest but were not calling them suspects...