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1771. EY and IIF survey shows climate change top concern for banks

1772. Limassol crypto provider says imposter stole 35 million

A Cypriot resident who owns a blockchain service provider says his company was targeted by cyber criminals who managed to steal tens of millions in cryptocurrency simply by sending a message on a popular social app...

1773. K. Treppides & Co Ltd: Cryptocurrency

If you do a quick search on the internet on how many people have become “Bitcoin Millionaires” you will be inundated with stories of young individuals who invested their pennies some years ago and have now struck it rich. Currently there are over 100,000 accounts that hold US1,000,000 or more in Bitcoin....

1774. Exness awarded as Cyprus’ Best Workplace 2021

On June 30th, Exness won the award for Best Workplace in the presence of the country’s most senior political and business leaders. ...

1775. Sneaky accountant admits draining company funds

A woman in Limassol is promising to return stolen money after she was arrested on suspicion of forging company checks and signing them over to herself for a total over €315,000...

1776. International Luxury Property and Residency Conference

1777. Minister says unvaccinated should pay up

Cypriot Health Minister Michalis Hadjipantela suggests vaccinated persons do not need to take rapid tests for Covid, adding those who choose to remain unvaccinated should now have to pay out of their own pocket to keep getting tested if they want to use Safe Pass...

1778. EY: CEOs understand transformation cannot be put off following COVID-19 pandemic

More than two-thirds (68%) of CEO respondents from the world’s largest companies say that they plan to take on a major investment in data and technology over the next 12 months, while 61% plan to undertake a major transformation initiative over the same period, according to the global EY CEO Imperative Study 2021. ...

1779. EY acted as lead advisor to the Government of the Republic of Cyprus for the re-development of the Larnaca Port and Marina area

The Strategy and Transactions team of EY Cyprus undertook a lead financial advisory role on behalf of the Ministry of Transport, Communications and Works (“MTCW”) of the Republic of Cyprus in the successful completion of the transaction for the re-development of the Larnaca Port and Marina area between the Government of the Republic of Cyprus and Kition Ocean Holdings Ltd. ...

1780. ECOMMBX and friends take immediate action to help wildfire victims

Without any second thoughts ECOMMBX, ECOMMPAY and other fintech/ IT/ Technology companies, members of Techisland community, cojoined forces to raise a total of €900.000 for immediate and short-term relief measures. ...

1781. Government responds to fire with €6 million aid

The Republic of Cyprus has announced €6 million in financial aid for villages affected by a deadly fire, including compensation to the families of victims, with the government clarifying that illegal or uninsured structures would not be an issue...

1782. Exness pledges 300,000 euro in financial support following devastating wildfires

Cyprus wakes up to another grim day following what has been characterized as the most devastating fire in the history of the island....

1783. Man killed after being run over during meetup

A man was killed in Limassol following a dispute involving his son and another male, who got behind the wheel and run over the father...

1784. Jho Low wanted to be a Cypriot banker

A British investigative journalist told an audience in Nicosia that Cypriot-naturalized financier Jho Low had tried to use contacts with Kuwaitis to buy a bank on the island where the Malaysian fugitive could launder stolen money...

1785. Yiolitis walks away with ‘clear conscience’

Cypriot President Nicos Anastasiades had no further comment but to thank outgoing Justice Minister Emily Yiolitis, who resigned Thursday following a barrage of bad publicity implicating her as the 'weakest link' in the administration ahead of an upcoming Cabinet reshuffle...

1786. ECB tells Cyprus lawmakers to get it right

Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...

1787. Family businesses in Europe fared better in response to COVID-19

For businesses of all types, the first impact on the pandemic was felt on revenues. 64% of European family businesses reported initial revenue losses compared to 69% of family businesses globally, 25% managed to maintain their revenue levels, and 11% experienced increases...

1788. EU ready to claw back stolen funds

The European Public Prosecutor’s Office goes to work next week, after the Council gave the green light this week for the first supranational independent agency to begin investigating and prosecuting crimes against the EU budget...

1789. Fact sheet puts US-Cyprus ties at historic high

The US State Department’s latest fact sheet on the Republic of Cyprus heralds a bright future of cooperation between the countries, with relations between the superpower and the island nation described as being at a historic high...

1790. A silent pandemic requiring global action now

If policymakers fail to address the challenge of antimicrobial resistance they risk seeing the rise of a silent pandemic, write Stella Kyriakides and Dr Tedros Adhanom Ghebreyesus...

1791. EY: Liquidity-fueled IPO markets break records in Q1 2021

1792. Consulco outperforms the London property market says MSCI.

The annual MSCI results are now available, and Consulco’s London commercial real estate portfolio outperformed the Greater London Retail property market by 5.9 % during 2020. ...

1793. Vaccinated tourists to roam hassle-free

Foreign tourists who have been vaccinated against COIVD-19 will be able to roam free in the Republic of Cyprus, according to new measures expected to go into effect Monday, with the only requirement being a simple download or printout of their CyprusFlightPass...

1794. EY Firepower 2021: life sciences M&A falls to one of lowest totals since 2014

EY Firepower 2021: life sciences M&A falls to one of lowest totals since 2014, as biopharmas refocus on alliances and bolt-on deals...

1795. Mild-mannered Stylianides back in action

Former European Commissioner Christos Stylianides will be appointed special adviser to Commission Vice President Margaritis Schinas, Politico’s Playbook said Wednesday...

1796. Stars in Al Jazeera video face committee

1797. Greek far-right MEP arrested in Brussels

Convicted Golden Dawn lawmaker Ioannis Lagos was arrested in his home in Brussels on Tuesday, shortly after a European arrest warrant was issued for the far-right MEP, according to sources. ...

1798. Local gov reform heads for summer freeze

Interior Minister Nikos Nouris has been asked by EU officials to give the rundown of the administration’s latest efforts in local government reform, just days after a proposal for a referendum was defeated by opposition parties that cried foul over the move...

1799. Interim report on golden passports delivered

An interim report on the golden passport scandal in the Republic of Cyprus says just over half of citizenships granted by the executive branch were not approved lawfully...

1800. Cyprus hurries to clean up company registry

Energy Minister Natasa Pilides has called on business stakeholders in Cyprus to embrace a new effort of recording and updating true information about beneficiaries of companies, saying a new digital registry can bolster transparency on the island...