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271. EY Survey: Growing sustainability risks put pressure on law departments

Law departments around the world are facing a rising tide of risks relating to sustainability, but they do not feel that business leadership fully understands the implications, and they require additional resources to manage them effectively, according to a new study from EY Law and the Harvard Law School Center on the Legal Profession....

272. 'The Cypriot economy must be diversified'

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities on March 11–28, 2022 to discuss recent economic developments and policy priorities....

273. Overcoming talent crunch and supply chain upheaval among biggest success indicators for tech in 2022

Increased volatility rising out of the evolving COVID-19 pandemic has led to a reshuffling of priorities for the global technology industry....

274. Averof Neofytou promises an end to corruption and radical education reform

The Supreme Council of the ruling party Democratic Rally (DISY) unanimously ratified the candidacy of the party’s president Averof Neofytou for the Presidency of the Republic....

275. K. Treppides & Co Ltd - Cryptocurrencies: Forex Companies trading in cryptocurrencies as underlying asset. How to apply.

Derivatives on virtual currencies / cryptocurrencies, such as contracts for differences (CFDs), options and futures, can qualify as financial instruments under MiFID II. Subsequently, the provision of investment services in relation to financial instruments with cryptocurrencies as underlying asset in and/or from Cyprus, requires specific authorisation by the Cyprus Securities and Exchange Commission (CySEC)....

276. S&P downgrades RCB, places bank on CreditWatch with negative implications

Rating Agency Standard and Poor’s downgraded RCB bank’s long-term lender rating to `B+` from `BB-` and placed its ratings on CreditWatch with negative implications,...

277. Nicos Anastasiades and John Kerry discuss climate crisis and Cyprus problem

The climate crisis and developments in the Cyprus problem were the focus of a meeting which Cyprus President, Nicos Anastasiades, had on Friday with the US Special Presidential Envoy for Climate and former US Secretary of State, John Kerry, just before the beginning of the "One Ocean" Summit held in Brest, France....

278. French Ambassador: Conditional dialogue with Turkey

The need for careful monitoring of Turkey`s actions in all activity areas was underlined by the French Ambassador to Cyprus Salina Grenet-Catalano, who participated in today`s meeting of the Foreign and European Affairs Committee of the House of Representatives in order to present the priorities of the French Presidency of the European Union....

279. Quebec to impose tax on those who refuse COVID-19 vaccinations

Quebec will impose a tax on those who aren’t vaccinated against COVID-19 to offset their disproportionate cost to the health care system and encourage more people to get their shots....

280. Reflections on 20 years of the euro

Twenty years ago on Saturday, around 300 million Europeans held a brand-new currency in their hands, the euro....

281. Greece: ‘Covid Free Wallet’ goes into operation

The Digital Governance Ministry on Tuesday activated the “Covid Free Wallet,” an online application that makes it easier for citizens to present their coronavirus vaccination or recovery certificates and their identity details when seeking admission to retail stores, restaurants, cafes, gyms and other leisure or entertainment venues....

282. Joint action to defend and promote Democracy

Across the globe, democracy and human rights are increasingly under siege. Far from being an issue isolated to the “developing” world, democracies new and old are combatting existential crises of creeping authoritarianism, rising inequality, and malign influence both domestically and from abroad. ...

283. Divorce goes digital in Greece

In an effort to reduce bureaucracy in Greece, the government has begun moving more of its services online in order for citizens to save time and reduce red tape....

284. Actualizing the ESG proposition The journey towards sustainability, resilience and purpose

285. Council of Europe: Government in Cyprus ‘too centralized’

Cyprus remains a “very centralized country”, according to a report from the Associated Press. ...

286. Electronic Money and Payment Institutions launch professional association

ECOMMBX is proud to announce the establishment of the Association of Cyprus Electronic Money and Payment Institutions (ACEMPI), with a number of the company’s management team members among the new Association’s leadership....

287. EY reports global revenues of US$40b in 2021 and outlines record US$10b investment plan over next three years

EY announces combined global revenues of US$40b for the financial year ended June 2021 (FY21), an increase of 7.3%, a solid result given the global economic impact caused by the COVID-19 pandemic. ...

288. Another 85 million by February if Cyprus meets deadline of key reforms

With the first 157m euros already paid in advance from the Cyprus Recovery and Resilience Fund, the country still has a long way to go to complete the reforms and investments required to unlock the next 85m euros which is due to be received in February 2022....

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

290. Cyprus worried as Taliban talks amnesty

The foreign ministry in the Republic of Cyprus said non-discrimination against women and girls in Afghanistan should be an 'immediate priority' while there was wide skepticism over Taliban’s latest amnesty comments...

291. 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. ...

292. 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'...

293. Christodoulides: Failure in Geneva won’t benefit anyone

A failure of the informal five-party summit would constitute a negative development for all participants, Foreign Minister Nikos Christodoulides said in an interview with Kathimerini Cyprus' Marina Economides, just before the new UN-led initiative was set to kick off in Geneva on Tuesday....

294. IMF: Withdrawal of support measures should be gradual

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....

295. Cyprus backs King in Jordan’s ‘malicious plot’

The government of the Republic of Cyprus has expressed 'firm support' to King Abdullah over the weekend, after Jordan’s government officials accused the country’s former crown prince of plotting against the kingdom...

296. Friendship Forum highlights cooperation to meet regional challenges

Foreign ministers and senior officials from several EU and Persian Gulf countries met in Athens on Thursday, as Greece seeks to expand alliances to counter tension with regional rival Turkey....

297. KPMG unveils Impact Plan: shares progress against newly created Stakeholder Capitalism Metrics

KPMG has recently published its first global environmental, social and governance (ESG) plan. KPMG Impact Plan brings together new and existing ESG commitments under one umbrella, focusing on four important categories: Planet, People, Prosperity and Governance...

298. Cyprus to launch 5G frequencies auction

In 2021, according to the most optimistic scenarios, Cyprus will enter the constellation of 5G networks, with the frequencies auction set to begin on Thursday....

299. EY Cyprus sponsors 3rd Anti-Fraud Conference

EY Cyprus has, once again, sponsored and participated in the 3rd Cyprus Anti-Fraud Conference, which was organised by IMH and the Cyprus Chapter of the Association of Certified Fraud Examiners (ACFE). The event was held online on Tuesday 15th December...

300. 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...