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1021. EY welcomes Eleni Sofocleous as a Director in EY Cyprus’ Tax Practice

EY Cyprus, staying true to its commitment to building a better working world, always looks to reinforce its teams with the brightest talents. In this context, we are proud to announce that, as of 11th of January 2021, Eleni Sofocleous has joined EY’s Tax practice...

1022. 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....

1023. Cabinet locked into partial lockdown

A partial lockdown is expected to go into effect in the Republic of Cyprus some time after Friday, when the President’s Cabinet will decide on new measures to fight further spread of the coronavirus through the end of the month...

1024. 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...

1025. 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...

1026. 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. ...

1027. Cyprus remains an attractive investment destination

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

1028. 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...

1029. 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...

1030. 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. ...

1031. Cyprus revises travel rules for vaccinated passengers

An inter-ministerial committee set up to spearhead the gradual resumption of flights agreed on an updated action plan on Thursday that allows those passengers who have been vaccinated against coronavirus to be exempted from the requirement of showing proof of a negative test....

1032. Cyprus' auditor general makes Jiu Jitsu move

The audit office is reportedly preparing an unflattering report on Cyprus’ film industry government scheme, with local media suggesting some type of possible connection between newly-established Olivewood and golden passports...

1033. Government ups rhetoric against auditor

The Cypriot government hinted over the weekend it might refer the auditor general to the Supreme Court over “indecent” behaviour, after the audit office published yet another damning report alleging offences in a Cabinet decision to grant investor passports to individuals linked to a casino project without meeting the criteria...

1034. Support schemes averted drastic rise in unemployment

The package launched by the government to support employees and businesses amid the coronavirus pandemic has averted a drastic rise in unemployment, labour minister Zeta Emilianidou said Thursday....

1035. 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....

1036. EAC crucial to Cyprus' energy reform, energy minister says

The role of the Electricity Authority Cyprus is crucial to both the implementation of the energy reform in Cyprus and the joint effort for sustainable economic development, which must now be interconnected with green energy, energy minister Natasa Pilides said, addressing an online press conference during which the EAC presented its annual report for 2019. ...

1037. Support schemes added to fight lockdown consequences

Alongside the tough restriction measures that came into effect on Thursday, additional support schemes were announced by the ministers of finance and labour in a bid to cushion the inevitable economic blow....

1038. Stricter measures to follow President's address

The Cabinet’s decisions on additional restriction measures to be imposed on the Cyprus public in response to the enduring spike in daily coronavirus cases will be announced on Wednesday day, when President Nicos Anastasiades will be addressing the nation....

1039. Cyprus 2021 defence budget up by €70 million

The six pillars of the defence ministry’s strategic aims in defence and security matters were presented before the parliamentary finance committee by defence minister Charalambos Petrides on Monday, in the context of his ministry’s budget for 2021....

1040. 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...

1041. Greece enters three-week lockdown to stem jump in infections

The Greek Prime Minister Kyriakos Mitsotakis announced on Thursday a three-week nationwide lockdown in an effort to stop an “aggressive” jump in infections, a rise in intubations and intensive care admissions....

1042. PwC’s city resilience framework

1043. Appointment of Directors, Principals, Senior Manager in K. Treppides & Co

The Management of K. Treppides & Co Ltd committed to develop leadership that derives from its own people, who pursue excellence in the provision of high quality specialised and unique services, is pleased to announce the appointment of the following members into the Board of Management with effect 1 October 2020...

1044.  EY announces the win of three 2020 Microsoft Global Partner of the Year Awards

1045. Fresh total lockdown out of the question for Cyprus govt

Finance minister Constantinos Petrides on Monday strongly refuted the possibility of Cyprus entering a second lockdown, such as the one it was plummeted into in March as a result of the outbreak of coronavirus....

1046. Attorney General calls Auditor ‘to order’

Cypriot Attorney General George Savvides issued a stern warning on Saturday, calling to order the state’s auditor general over his insistence on examining specific golden passport case files linked to a casino project on the island...

1047. EY Attractiveness Survey Cyprus 2020

EY Attractiveness Survey Cyprus 2020: Investors are optimistic about the country’s attractiveness over the coming years, but state that there is room for improvement...

1048. Cypriot minister has one regret over passports

Finance Minister Constantinos Petrides, who oversaw Cyprus' disgraced golden passport scheme while he was serving as interior minister, says he should have pushed harder to end the program much sooner...

1049. Michalis Persianis at Digital Agenda Cyprus Summit 2020

Michalis Persianis has been Corporate Affairs Director at Bank of Cyprus since 2015. ...

1050. EY and P&G expand COVID-19 alliance

EY announces an expanded alliance with P&G to transform and build supply chain resilience during and beyond the COVID-19 pandemic...