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121. Ferry will service Larnaca, as well as Limassol, to Piraeus

The Daleela ship will begin sailing from Larnaca to Piraeus in August, connecting Cyprus and Greece by sea. ...

122. Yachts & Co is the new dealer in Cyprus for Feretti Yachts, Riva, Pershing and Itama

123. February Newsletter of K. Treppides & Co Ltd: CySEC

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

124. Senator links Burisma to Biden classified documents

A newly revealed email from Hunter Biden’s laptop regarding Ukraine is raising eyebrows, with critics pushing a theory that the first son had access to classified information at a time when he maneuvered for a seat on Burisma, a Ukrainian gas company based in Cyprus...

125. Demetra has invested 75% of its capital in Hellenic

Demetra Investment, the Cyprus Investment Fund, has dedicated 75% of its investments to Hellenic Bank....

126. Funds are investing in Cypriot banks

Investing in Cypriot banks is becoming more common. The progress they have made in terms of the non-performing loan burden they have shed, their capital adequacy, which is characterized as good,...

127. White House dazed over emails about Cypriot gas company

US President Joe Biden is expected to say whether he would challenge a decision by National Archives to release documents concerning his son’s role in a controversial gas company in Cyprus and allegations that business dealings may have improperly influenced American policy...

128. The end of an era for the plane that shrank the world

The last Boeing 747 is about to leave the assembly line today, after 53 years and at least 1,570 planes....

129. Cyprus regulator to suspend FTX's license

FTX's European Union license in Cyprus could be suspended in yet another blow to Sam Bankman-Fried's crypto exchange, according to Bloomberg....

130. Cyprus Tech Ecosystem Platform

On Wednesday 19th of October, TechIsland & “Dealroom.co” brought live the Cyprus Tech Ecosystem Platform....

131. Crucial countdown as Cyprus moves to block Lone Star

Private equity firm Lone Star has until Friday to submit a binding offer to buy the Bank of Cyprus, but the island’s largest financial institution could be out of reach as the House is expected one day earlier to vote on a bill that would authorize the government to block a hostile takeover on security grounds...

132. A cat has nine lives. So does the Cyprus property market.

Where is the Cyprus property market heading? I have been asked this question countless times over the past three months, primarily from foreign investors who are trying to appreciate how the rise in inflation, increase in interest rates, and war in Ukraine is affecting local market dynamics....

133. Cyprus scrambles to block hostile bank takeover

The government in the Republic of Cyprus is racing against the clock to arm itself with legal tools to prevent a takeover of the country’s biggest bank by an American private equity firm, which has until next month to submit a final offer that some shareholders may find hard to resist...

134. EDF funds seven Cypriot projects proposed in 2021

Several Cypriot businesses and research institutions have secured funding for seven projects from the European Defence Fund (EDF) for 2021, the Ministry of Defence has said....

135. Cyprus - Greece ferry connection: Tariffs and dates

After 21 years, the maritime passenger connection between Cyprus and Greece becomes a reality. On June 19, M/V Daleela will set sail from the port of Limassol on its first of many roundtrip voyages to Piraeus, thus inaugurating the new service put in place by the Ministry of Shipping....

136. Russia teetering on brink of default as US stops bond payments

The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant to ratchet up pressure on Moscow and eat into its holdings of dollars....

137. Major projects underway in Larnaca, Nicosia

The Cyprus real estate and construction sectors are moving past the demise of the scrapped Citizenship for Investment Programme, turning their attention to the capital and the once-neglected coastal town of Larnaca, while Limassol, with its high-rises and cosmopolitan lifestyle, is still seeing part of the action....

138. Everything You Need to Know About Crypto Today (at least for the next 8 hours!)

Don’t be intimidated by my headline if you know nothing about Bitcoin or the Bored Ape Yacht Club. You are in the majority....

139. Moscow jumps on Burisma links to Kiev

Moscow has put together an elaborate diagram alleging Biden connections to Ukrainian biological labs, with new revelations initially described by Washington as “Russian disinformation” now gaining traction in the United States and reaching all the way to Cyprus...

140. Western businesses’ flight from Russia continues

Russia’s business rupture with the West grew wider Monday as Shell, General Motors and others announced plans to end or freeze their dealings with the nation after its invasion of Ukraine....

141. Historic leak of Swiss banking records reveals unsavory clients

Despite two decades of pledges by Credit Suisse to crack down on illegitimate funds, data leaked from the bank reveals that it catered to dozens of criminals, dictators, intelligence officials, sanctioned parties and political actors with outsized wealth....

142. Alpha bank group sells €2.4 billion NPL and real estate portfolio in Cyprus

Alpha Services and Holdings S.A. (together with its subsidiaries) has reached an agreement with an affiliate of Cerberus Capital Management, L.P. for the sale of a portfolio of Cypriot non-performing loans and real estate properties of a total gross book value of 2.4 billion euro....

143. Teddy Sagi's Playtech embroiled in takeover battle

Israeli billionaire Teddy Sagi, the founder of Playtech, declined to comment on the withdrawal of Eddie Jordan's potential bid for the online gambling company he founded back in 1999....

144. Redevelopment of Larnaca port and Marina on track for implementation, Minister says

The €1.2-billion project for the joint redevelopment of the Larnaca port and the Marina area is on track for implementation, Minister of Transport, Communications and Works, Yiannis Karousos, said on Wednesday....

145. Cyprus is expected to be more affected by climate change in the coming decades

Cyprus is expected to be much more affected by climate change in the coming decades, said today the Minister of Agriculture, Rural Development and Environment Costas Kadis,...

146. Hertz orders 100,000 Tesla cars

Hertz Global Holdings Inc., placed an order for 100,000 Teslas in the first step of an ambitious plan to electrify its rental-car fleet,...

147. 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. ...

148. New Life in Cyprus of Russian Businessman after unfair seizure of Promsvyazbank

In 2017 Dmitry Ananiev was at the peak of his success. He and his brother Alexei owned a bank, an IT firm and an office complex overlooking the Moscow River. ...

149. Berengaria sees hope on the horizon

Local media reported on Thursday that investors have been found for a potential revival of the historic Berengaria, with rumours pointing to renovation plans for the abandoned property in the Troodos Mountains...

150. K. Treppides & Co Ltd: Family offices and Succession Planning for the Next Generation

The expansion of the family office sector has increased exponentially since the millennium. For most family offices, the greatest challenge to overcome is the successful transfer of the family structure to the next generation....