Search

2851. Cyprus to crackdown on shell companies

The Central Bank of Cyprus has just made it harder for brokers to set up front companies on the island, following pressure from US officials who say more needs to be done to combat money laundering...

2852. Probe countdown begins for Cyprus Co-Op debacle

Attorney General Costas Clerides is moving forward with the launching of an investigation into possible offences at the Cyprus Cooperative Bank, in connection with bad loans worth €7.5 billion...

2853. #PoliticsBlog End of an era and Harris’ bitter chalice

Journalists often abuse the term 'end of an era' but in the case of the Cyprus Cooperative Bank, these words totally fit the bill...

2854. US Senate votes to block F-35 deal to Turkey

US senators voted overwhelmingly to block the sale of F-35 jet fighters to Turkey on Monday, while Lockheed Martin says it expects to deliver planes before the bill could become law...

2855. May tourists up 7.6% despite Russian drop

Tourist arrivals went up by 7.6% last month, lending credence to earlier predictions that industry numbers were on a good path despite a disappointing Russian exit...

2856. Government throws Co-Op ball in Hellenic’s court

The Cyprus Cooperative Bank will examine Monday a final offer from Hellenic Bank to acquire the troubled state-owned institution, with government seeing the buyout as a good step while critics saying tax payers are unfairly picking up the tab...

2857. UK Court convicts Cypriot drug lord’s mother

A UK court has convicted a Cypriot woman, mother of a drug lord in Cyprus, of talking part in an illegal drug trafficking network by making trips around London to collect money on her son’s behalf...

2858. Worried investors looking for Lillevyali in Cyprus

The whereabouts of Russian hedge fund manager German Lillevyali are currently unknown, but his possible location in Cyprus is shrouded in even more mystery as people are looking to get their money back...

2859. Name deal to eliminate Skopje’s irredentist pretensions, Greek FM says

The name deal reached between Greece and the Former Yugoslav Republic of Macedonia (FYROM) will eliminate irredentist pretensions in Skopje, Greek Foreign Minister Nikos Kotzias said Wednesday....

2860. Hellenic moments away from CCB offer

The privatisation deal for Cyprus Cooperative Bank could be moments away, with Hellenic Bank putting the finishing touches on the final makeup of its new shareholder base...

2861. Funds & Cryptocurrencies: The Development and the Technology

For the second consecutive year, the Cyprus Chamber of Commerce and Industry, Cyprus-Russian Business Association and K. Treppides & Co Ltd are organizing a half day conference on the 14th of June 2018 at Four Seasons Hotel in Limassol, in an attempt to inform the investors and the Global Market about the Cyprus Fund’s market and the relationship that the Funds in Cyprus can have with the technology...

2862. State doctors up in arms over medical school bill

State doctors are once again speaking out against government efforts that would create proper medical schools in state public hospitals, with union representatives warning to take action...

2863. New charges connect dots in Russia collusion probe

Recent witness tampering allegations against Paul Manafort, the former Trump campaign manager accused of money laundering in Cyprus among others, are linked to new charges against a political operative with alleged ties to Russian spies...

2864. Capital controls eased further as of Monday

Capital controls were eased further on Monday with depositors now permitted to withdraw a monthly maximum of 5,000 euros from bank accounts, up from 2,300 euros....

2865. Turkish aid to north comes to 430 million

The Turkish Cypriot economy is expected to get a boost from Turkish aid in 2018, with approximately €430 million being spent in different areas of the self-declared state in the north...

2866. Cypriot mother-son duo involved in illegal drug entreprise

Two Cypriots, mother and son, are involved in a case of international illegal drug trafficking, with UK authorities saying the woman in London was making trips to collect money on her son’s behalf...

2867. Treppides Annual event in Moscow

K. Treppides & Co Limited is delighted to announce its annual event in Moscow taking place on the 6th of June 2018...

2868. Government and Co-op begin consultations with bidders

2869. There is still hope for Cyprus to host Eurovision 2019

Despite being the first runner-up in this year’s Eurovision song contest, there appears to be a small chance that Cyprus could still be the host next year due to political and security concerns in Israel...

2870. Search for 'lost brides' of Cyprus digs up painful past

Those who witnessed it said a sobbing Fetine Menish had to be physically dragged by each arm to meet her fate; the 14-year-old was being married off to a Palestinian merchant searching Cyprus for a suitable Muslim wife to take back home...

2871. North Korea still wants to talk after Trump nuked summit

North Korea responded on Friday with measured tones to US President Donald Trump’s decision to call off a historic summit with leader Kim Jong Un scheduled for next month, saying Pyongyang hoped for a “Trump formula” to resolve the standoff over its nuclear weapons programme...

2872. Godly giants in kilts: Meet Greece's best-known soldiers

It might be the short, pleated kilts, tasselled black garters and pompom-tipped shoes, but there's something more endearing than intimidating about Greece's best-known military unit, the Presidential Guard...

2873. Cyprus tightens vetting for investment-for-passport scheme

In the wake of criticism that it was operating a "passports-for-cash" scheme, Cyprus has toughened up vetting procedures for those investors looking to get their hands on a European Union passport...

2874. Three anarchist groups claim responsibility for court paint attack

Three anarchist groups claimed responsibility on Monday night for the paint attack against the Council of State earlier in the evening, saying it was a protest against the court's decision to rubber-stamp the so-called Katrougalos law which allowed pension cuts....

2875. UK financial sector wants global talent on tap after Brexit

Costs for hiring bankers, accountants and lawyers from outside Britain will soar after Brexit and threaten London’s standing as a global financial centre unless the immigration system is urgently reformed, a report said...

2876. Russian 'dirty money' flowing through London damages UK

Russian money hidden in British assets and laundered through City of London financial institutions damages the government’s efforts to take a tough stance against Moscow’s aggressive foreign policy, a committee of lawmakers said...

2877. Treppides Group joins London Hedgeweek Funds panel in Malta

George P. Nicolaou, member of the Board of Management of Treppides Group and Head of Operations of Finanz Fund Services Ltd, a regulated Fund Administration Company under Malta Financial Services Authority, will be on the speakers panel at an event organised by Hedgeweek in London on the 23rd of May 2018...

2878. Doctors strike but there are cracks in their united front

State doctors are going forward with a two-hour work stoppage in public hospitals to protest what they call “unworkable conditions” but there are already cracks in their united front...

2879. Non-performing loans in banking system spike by €1.5 billion

Non-performing exposures (NPEs) in the Cyprus banking system jumped up by €1.5 billion in January, as International Financial Reporting Standard 9 entered in to force...

2880. Co-op receives two bids in good bank, bad bank scenarios

The Cooperative Central Bank (CCB) announced on Monday it has received two bids as part of its privatisation process launched in March, with one bidder going after the ‘good bank’ scenario just as the European Commission approved the acquisition of Altamira Cyprus by a joint platform with CCB and one of the bidders...