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991. Cyprus pays off costly crisis loan early

The Cypriot finance minister says the government is repaying an IMF rescue loan faster and at a lower rate after a double bond issuance expected to secure most of the country’s borrowing needs for 2020...

992. House passes 2020 budget

The House of Representatives voted the state budget for 2020 on Wednesday evening with 29 votes in favour and 23 against...

993. Finance committee releases Jiu Jitsu money

The finance committee has released funds set aside to pay for Jiu Jitsu, despite accusations from MPs on the left that something did not add up in the recently-launched cash rebate scheme...

994. MPs stalling Jiu Jitsu cash rebate

A cheque for €8.5 million to pay for Jiu Jitsu, a film starring Nicolas Cage, is being held up in the Cypriot parliament as opposition parties are blocking the cash rebate and asking questions...

995. President lauds outgoing finance minister

President Nicos Anastasiades thanked outgoing Finance Minister Harris Georgiades for the work he has done in steering the economy “out of deep crisis towards growth" ...

996. Some new faces in cabinet reshuffle

The government has announced the latest Cabinet shuffle by President Nicos Anastasiades, with a combination of current office holders appointed to new posts and the appearance of some new faces...

997. Central warns banks ‘not to overdo it’

The Governor of the Central Bank of Cyprus has called on smaller local banks not to get carried away with loaning money, urging them to follow the example of bigger banks and focus on reducing toxic debt...

998. Jho Low movie gaining popularity

A film about Malaysian financier and Cypriot passport holder Jho Low has been steadily gaining popularity, despite legal challenges over copyright infringement and potential defamation lawsuits...

999. Interior Minister says all have a duty to preserve Cyprus’ hard-fought reputation

We all have a duty to preserve Cyprus’ good name, Interior Minister Constantinos Petrides said on Thursday, adding that it took a lot of effort to reinstate the country’s fame under adverse circumstances....

1000. «Growth momentum moderates» in Cyprus according to Εuropean Commission Autumn Economic Forecast

"Growth momentum moderates" in Cyprus, according to the headline assessment of the European Commission`s Autumn Economic Forecast for the country, presented today by Commissioner Moscovici in Brussels....

1001. Cyprus plans to revoke passports after uproar

Cyprus said on Wednesday that it had started a process to strip 26 individuals of citizenship they received under a secretive passports-for-investment scheme, admitting it had flaws...

1002. Minister says Cyprus turned page on passports

Cyprus’s finance minister acknowledged on Tuesday that some mistakes were made in offering citizenship for investment after disclosures about beneficiaries triggered uproar on the Mediterranean island...

1003. Cyprus soon to fulfill Schengen obligation

The Republic of Cyprus declared its readiness to become a member of the Schengen Area and awaits EU evaluation, Foreign Minister Nikos Christodoulides announced on Monday ...

1004. Cyprus to start process for early repayment of IMF loan, Finance Minister announces

Finance Minister Harris Georgiades announced on Tuesday that an official process will be launched for the early and full repayment of an IMF loan, following the repayment of a loan from Russia....

1005. MAP S.Platis joins forces with global firm FTI Consulting

1006. Anti-Money Laundering and Terrorist Financing Preventing Framework: Legislation Gaps

Over the last years, the EU has developed a solid regulatory framework for preventing money laundering and terrorist financing. However, these rules are not always able to capture the growing technological developments and potential gaps that can be exploited by criminals...

1007. Cambodia’s elite exposed through Cyprus

Golden visas are back in the news following reports that members of the Cambodian elite received or applied for Cypriot passports, with Reuters raising questions over the citizenship by investment programme...

1008. Government to introduce Green Tax Reform by 2021

Minister of Finance Harris Georgiades said on Thursday that the government would introduce in 2021 a “Green Tax Reform”. Georgiades was speaking to the press on the sidelines of the 20th Global Conference on Environmental Taxation which took place in Limassol...

1009. How will digital shape your future?

As technology evolves to support more and more of our everyday lives, it’s natural to wonder what’s in store for the future. How will it affect your life and career?...

1010. Four New Partners at Harris Kyriakides LLC

Harris Kyriakides LLC announces four new partners in the company. As of the 1st of September 2019 the new partners are Andreas Anagnostou, Myria Loizou, Georgia Karamalli and Nicolas Kyriakides. ...

1011. Looking for true followers

Surely it is time for Greece’s most affluent citizens to step up, not out of self-interest, but in order to help the country through this critical time. As it starts to recover from bankruptcy, the country finds itself with scant resources and huge needs in key areas. Virtually all sectors – including defense, health, education and culture – have been seriously impacted by successive waves of budget cuts, a situation that has been aggravated by the failure of Greek politicians to implement bold measures. ...

1012. Cyprus to fully repay IMF loan in 2020

According to figures from the 2020 budget presented by Finance Minister Haris Georgiades to the Cabinet, Cyprus will repay the IMF loan early resulting in government debt reduction to 91.1% of GDP ...

1013. Cabinet approves surplus 2020 budget

The Cabinet approved on Wednesday the budget for 2020, which foresees a surplus in state finances, while a significant increase in spending is planned due to the implementation of the General Healthcare System ...

1014. House looks at state salaries for clergy

State salaries for the clergy are back in the news as a House finance committee is looking for ways to amend an outdated agreement with the Church dating back to 1971...

1015. Johnson again bids for snap poll as Brexit delay bill to become law

British Prime Minister Boris Johnson will try for a second time on Monday to call a snap election, but is set to be thwarted once more by opposition lawmakers who want to ensure he cannot take Britain out of the European Union without a divorce agreement. With no majority in parliament, which is determined to prevent what many businesses fear would be a calamitous way to quit the EU, Johnson wants to hold an election to keep his promise of leaving by Oct. 31, with or without an agreement. ...

1016. Adults in the theaters

The film has been dismissed outright and its director, Costa-Gavras, until recently hailed as one of Greece’s top filmmakers, is suddenly being accused by some of getting carried away. Why? ...

1017. Overtaxation led to tax evasion

Losses incurred by the state coffers due to tax evasion in 2014-17 were greater than the value-added tax revenue increase as a result of consecutive tax hikes, according to a European Commission report on the so-called VAT deficit (the difference between the expected VAT revenues and actual collections)...

1018. Johnson's brother quits parliament, torn between family loyalty and national interest

British Prime Minister Boris Johnson’s younger brother, Jo, has resigned as a junior minister and said he would also step down as a lawmaker, citing a conflict between family loyalty and the national interest...

1019. Johnson demands October 15 election after defeat over Brexit

British Prime Minister Boris Johnson on Wednesday demanded an Oct. 15 snap election after lawmakers seeking to prevent a no-deal Brexit dealt him a humiliating defeat in parliament which he cast as an attempt to surrender to the European Union...

1020. Churchill's grandson to be expelled from Conservative Party

Nicholas Soames, the grandson of Britain’s World War Two leader Winston Churchill, will be expelled from the Conservative Party after voting against Prime Minister Boris Johnson on Brexit...