https://knews.kathimerini.com.cy/en/news/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.
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https://knews.kathimerini.com.cy/en/business/cyprus-remains-an-attractive-investment-destination
Cyprus remains an attractive investment destination, especially among established investors
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https://knews.kathimerini.com.cy/en/news/dbrs-warns-against-protracted-process-in-approving-bugdet
Global credit rating agency DBRS Morning Star said it is monitoring the situation in Cyprus following the rejection of the 2021 state budget by lawmakers on Thursday, warning that a protracted process to approve the budget could affect economic sentiment and could eventually weigh on economic activity....
https://knews.kathimerini.com.cy/en/business/industrial-logistics-most-attractive-post-covid-19
Following the breakout of the COVID-19 pandemic, the Industrial/Logistics asset class has presently become the most attractive financing option for a majority of banks in Central & Eastern Europe, according to the results from the latest edition of KPMG’s Property Lending Barometer...
https://knews.kathimerini.com.cy/en/news/parliament-votes-state-budget-down
Parliament on Thursday voted the 2021 state budget down with 29 votes against and 24 in favour....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/new-chinese-ambassador-hails-deepening-relations-with-cyprus
China opposes any unilateral provocations and actions that undermine the peace and stability of Cyprus and the region and as a permanent member of the UN Security Council, it will continue to play a constructive and coordinating role in facilitating the settlement of the Cyprus problem, UNFICYP’s mandate renewal, and the implementation of relevant UN resolutions, to uphold fairness and justice for Cypriots, China's new Ambassador to Cyprus, Liu Yantao said, presenting on Thursday his credentials to Cyrpus President, Nicos Anastasiades....
https://knews.kathimerini.com.cy/en/news/state-budget-battles-rage-on-in-cyprus
Ruling party DYSI has been mounting a campaign over the last 24 hours to secure votes to pass the state budget, which is up in the air over golden passport probe wars, with added pressure also causing rifts even within smaller parties...
https://knews.kathimerini.com.cy/en/news/cyprus-energy-designs-unaffected-by-turkey-s-provations-president-says
Cyprus President Nicos Anastasiades said Tuesday that that the Republic, as a sovereign and independent state and despite Turkey’s provocations, threats and illegal activities, is determined to go ahead with the implementation of its energy policy....
https://knews.kathimerini.com.cy/en/news/eu-leaders-pull-turkey-punch-at-last-minute
European Union leaders agreed on Thursday to prepare limited sanctions on Turkish individuals over an energy exploration dispute with Greece and Cyprus, postponing any harsher steps until March as countries sparred over how to handle Ankara...
https://knews.kathimerini.com.cy/en/news/eu-leaders-weigh-sanctions-over-turkey-s-med-drilling-work
Concerned that their credibility is at stake, European Union leaders are set Thursday to give the green light to the expansion of sanctions against Turkey over its exploration of gas reserves in Mediterranean waters claimed by EU members Greece and Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-greece-and-jordan-to-step-up-cooperation
Cyprus, Greece and Jordan vowed Tuesday to further enhance their trilateral cooperation, which will cover defence and security issues as well as economic and trade cooperation....
https://knews.kathimerini.com.cy/en/news/past-week-was-the-worst-epidemiologically-since-outbreak
Health minister Constantinos Ioannou was the bearer of unpleasant news on Tuesday, announcing that the current epidemiological situation doesn’t appear to leave room for the planned relaxation of measures from December 14....
https://knews.kathimerini.com.cy/en/news/finmin-confirms-cyprus-won-t-reinstate-‘golden-passports-scheme
Finance minister Constantinos Petrides assured that the government will not be reinstating the Cyprus Investment Program (CIP), that was shut down after the shocking corruption revelations that emerged through an Al Jazeera investigation and the subsequent stark criticism by the European Commission. ...
https://knews.kathimerini.com.cy/en/news/state-budget-up-in-the-air-over-golden-passports
Opposition parties are cranking up the pressure on Interior Minister Nikos Nouris, who has been refusing to hand over files in connection with the golden passports scandal, with the Democratic Party making good on its promise not to vote the state budget later this month if there is no transparency...
https://knews.kathimerini.com.cy/en/business/disconnect-on-ethical-ai-priorities-between-public-and-private-sectors
In the survey of 71 policymakers and more than 280 global organizations, respondents ranked ethical principles by importance for 12 different AI use cases, and sentiment was measured around the risk and regulation of AI...
https://knews.kathimerini.com.cy/en/business/kpmg-survey-shows-biodiversity-related-risk-remains-under-reported
While it is notable that 80% of the world’s 250 largest companies now report on sustainability, biodiversity-related risk remains significantly under-reported by the global business community...
https://knews.kathimerini.com.cy/en/news/turkish-exploration-vessel-back-in-port-ahead-of-eu-summit
Turkey’s seismic exploration vessel Oruc Reis returned to port on Monday from disputed Mediterranean waters, less than two weeks before a European Union summit where the bloc will evaluate possible sanctions against Ankara....
https://knews.kathimerini.com.cy/en/news/cyprus-makes-last-ditch-effort-to-beat-virus
The latest measures against the spread of the coronavirus went into effect on Monday, including a night curfew across all districts, as calls for all citizens to be tested multiplied just before Christmas holidays...
https://knews.kathimerini.com.cy/en/news/france-eu-lawmakers-push-for-sanctions-on-turkey-next-month
France is leading a push for European Union sanctions on Turkey next month to follow through on a threat made by the bloc in October, but has yet to win support from EU governments beyond Greece and Cyprus, officials and diplomats said.
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https://knews.kathimerini.com.cy/en/news/this-week-to-define-next-coronavirus-measures
The last week of November will be decisive, as its coronavirus figures will determine the next steps to be taken, both in terms of suggestions to be submitted by the government’s expert task force and government decisions....
https://knews.kathimerini.com.cy/en/news/fbi-offers-deal-to-cypriot-hacker
A young man known as the “Cypriot hacker” who was flown to the United States last summer to face trial, may have a deal after all, with reports saying Joshua Polloso Epifaniou is ready to enter a plea but it is unclear if he would need to do jail time halfway around the world...
https://knews.kathimerini.com.cy/en/news/cyprus-experiencing-excessive-macroeconomic-imbalances
The European Commission said Wednesday that Cyprus continues to face excessive macroeconomic imbalances, particularly in view of the country’s very high percentage of non-performing loans that continue to plague the financial sector, but also in light of high private sector, government, and external debt....
https://knews.kathimerini.com.cy/en/news/erdogan-sets-foot-on-cyprus-varosha
Turkish President Recep Tayyip Erdogan visited Cyprus on Sunday during Turkish Cypriot celebrations in the north, prompting strong reactions from Greek Cypriots in the south at a time when the divided island’s political future hangs in the balance...
https://knews.kathimerini.com.cy/en/news/cyprus-israel-greece-agree-to-boost-defense-cooperation
The defense ministers of Greece, Israel and Cyprus agreed Thursday to step up military cooperation which they said will keep their armed forces better prepared, help create more jobs and bolster security in a fraught region.
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https://knews.kathimerini.com.cy/en/business/lidl-cyprus-celebrates-10th-anniversary
A press conference dedicated to the 10th anniversary of its operation was carried out by Lidl Cyprus on Tuesday, November 10, in a virtual environment and in the presence of institutions and representatives of the media...
https://knews.kathimerini.com.cy/en/news/cyprus-lockdown-question-still-open-ended
President Nicos Anastasiades hinted at further measures to stop the spread of COVID-19 following last weekend’s spike, but the nature and scope of a potential second lockdown remains unknown until his meets with his Cabinet on Wednesday...
https://knews.kathimerini.com.cy/en/news/pfizer-biontech-say-their-covid-19-vaccine-is-more-than-90-effective
Pfizer Inc on Monday said its experimental vaccine was more than 90% effective in preventing Covid-19 based on initial data from a large study, a major victory in the fight against a pandemic that has killed over 1 million people, roiled the world’s economy and upended daily life....
https://knews.kathimerini.com.cy/en/news/president-s-cabinet-to-rethink-covid-strategy
President Nicos Anastasiades has called for an emergency Cabinet meeting on Monday, after data over the weekend appeared to suggest that things were taking a turn for the worse despite hard work and added measures...
