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241. Baltimore turns to container owners for ship salvage funds

The owner and manager of the massive container ship that took down the Francis Scott Key Bridge last month should be held fully liable for the deadly collapse, according to court papers filed Monday on behalf of Baltimore’s mayor and city council....

242. Minister stands against early fees for Great Sea Interconnector

Cypriot electricity consumers should not be burdened with a surcharge before the operation of the electricity interconnector linking Greece and Cyprus and the consequent reduction of electricity costs, Minister of Energy, Commerce and Industry George Papanastasiou said on Monday....

243. Summer optimism in Cyprus tourism despite regional uncertainty

Tourism in Cyprus soared last March, boasting a 9.8% increase, welcoming 202,256 travelers. From January to March 2024, arrivals hit 415,251, marking a 5.4% rise....

244. Alternative investments and portfolio diversification

In contrast to traditional investments in stocks and bonds, portfolios incorporating alternative investments have historically offered higher returns, a trend that has become more prevalent in recent years. ...

245. Britain's Prince Harry officially a US resident

In a significant move, Prince Harry, formally known as Prince Henry Charles Albert David Duke of Sussex, has officially declared himself a resident of the United States, as per a recent regulatory filing in the United Kingdom....

246. 4 million euros to foster Turkish Cypriot business integration

The European Commission, in partnership with GIZ International Services, has initiated a two-year project aimed at bolstering private sector development within the Turkish Cypriot community and enhancing Green Line trade,...

247. EU acts against Russian-owned companies

The European Commission released guidelines on the implementation of the new article 5r of Council Regulation 833/2014 of the 12th package of restrictive......

248. Healthier ready-to-eat meals could slash EU emissions by 48m tonnes

Healthier ready-to-eat meals could cut EU emissions by 48m tonnes annually and save customers €2.8bn (£2.4bn) each year, as well as reducing disease, a report has found....

249. US sanctions Cyprus-based entities linked to arms network

On Monday, the United States announced sanctions against ten individuals and twelve entities, with two of them operating within a global arms network and registered in Cyprus....

250. AstroBank's record-breaking year: €30.4M in profits for 2023

AstroBank reported Profit After Tax of €30.4 million for 2023, representing a return on equity (RoE) of 13.9%, compared with €12.2 million and RoE of 6.2% for 2022, achieving an increase on profit of 150%, mainly due to increased interest income....

251. Netflix vs. the World: Unraveling the future of streaming wars

In the rapidly evolving landscape of streaming services, industry titans are facing a pivotal moment as they navigate through a period of consolidation and uncertainty. ...

252. Politico: Greek companies under scrutiny in EU fund fraud probe

Greek authorities, alongside the European Public Prosecutor’s Office (EPPO), are delving into allegations of fraud concerning the allocation of €2.5 billion in EU funds to just 10 companies in Greece. ...

253. Cyprus showcases business potential at Japan forum

Cyprus Energy, Commerce, and Industry Minister George Papanastasiou showcased Cyprus as a prime international business hub during the Cyprus-Japan Business Forum in Tokyo....

254. April Newsletter of K. Treppides & Co Ltd: Cyprus Securities and Exchange Commission

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...

255. Green marketing: The truth behind eco-friendly claims

The deceptive practice of greenwashing, aimed at misleading consumers about the environmental qualities of products or services, is drawing increasing scrutiny....

256. Cyprus records €575.5 million in new loans

Cyprus recorded a significant increase in total new loans in February, reaching €575.5 million, up from €462.7 million in the previous month. This surge was primarily driven by a notable rise in loans granted to companies, totalling approximately €130 million, according to data released by the Central Bank of Cyprus (CBC). ...

257. Cyprus sailing clubs caught in legal tussle

The lack of legislation tailored to the needs of Nautical Clubs, essential for training and fostering nautical sports, is causing confusion and unfairness....

258. EU probes Chinese subsidy claims in Romania solar tender

259. Audit exposes serious issues in collecting unpaid taxes in Cyprus

An audit report from the Tax Department for 2022 has uncovered a staggering accumulation of over €2.5 billion in arrears, with €1 billion considered unsecure due to delays in necessary measures, the Audit Service revealed....

260. Cyprus Investment Association unveils €8 billion in projects

Members of the Cyprus Association of Large Investment Projects unveiled ambitious plans Thursday, highlighting 18 to 20 projects valued at over €8 billion. ...

261. Storm causes damage to health ministry's drug warehouses in Nicosia

Severe weather on Clean Monday wreaked havoc on pharmaceutical warehouses belonging to the Ministry of Health in Nicosia, Cyprus....

262. Finance Minister extends rent program to assist more homeowners

The Cabinet has approved an expansion of beneficiaries for the Rent Relief Program against Installments, announced Finance Minister Makis Keravnos after the body's session. ...

263. Countdown begins for next Cyprus Central Bank Governor

As the clock ticks towards the end of Mr. Konstantinos Herodotou's tenure on April 11, all eyes are on the impending announcement of his successor by President Nikos Christodoulides. ...

264. Lawyers challenge money laundering watchdog in Cyprus

Establishing a system to oversee financial companies in Cyprus is proving tricky, according to an article written by Apostolos Tomaras. It all started when the US and UK slapped sanctions on Russia,...

265. Employers call for tax reform to spur economic growth

Employers are advocating for a comprehensive overhaul of the tax system, proposing significant changes aimed at boosting economic activity and competitiveness. Here's a breakdown of their proposals:...

266. Tougher regulations loom for tobacco heat sticks in Europe

European governments are weighing the introduction of tougher rules on cigarette makers’ new zero-tobacco heat sticks, moving to close the loopholes they were designed to exploit just months after their launch. ...

267. 'Dirty fuel' suspected in Baltimore bridge collapse tragedy

Federal, state, and local authorities are launching a comprehensive investigation into the tragic Baltimore bridge collapse, focusing on various potential factors, including the possibility of contaminated fuel playing a role. ...

268. Cyprus maritime sector advances amidst ambitious goals

''Without a doubt, we take pride in the achievements of the past 60 years. Our ambition is to set even higher targets and strengthen the competitiveness of Cypriot shipping,...

269. How Russia defies sanctions with its secret gas fleet

Moscow's response to Western sanctions on the Russian gas industry has revealed a strategic shift in its approach, with the creation of a 'shadow fleet' of liquefied natural gas (LNG) carriers. ...

270. Hotel Brain sets sights on Cypriot hospitality domination

The Greek hospitality powerhouse, Hotel Brain, sets its sights on Cyprus, unveiling plans to tap into the island's vibrant market....