https://knews.kathimerini.com.cy/en/news/over-1-2-billion-in-russian-assets-frozen-in-cyprus
Some 1.2 billion euros ($1.3 billion) in Russian-owned assets managed by Cyprus-registered companies were frozen in compliance with sanctions imposed on Russia following its invasion of Ukraine, Cyprus’ Finance Ministry said Tuesday...
https://knews.kathimerini.com.cy/en/news/turkey-faces-runoff-election-with-erdogan-leading
Turkey headed for a runoff vote after President Tayyip Erdogan led over his opposition rival Kemal Kilicdaroglu in Sunday's election but fell short of an outright majority to extend his 20-year rule of the NATO-member country...
https://knews.kathimerini.com.cy/en/news/why-do-young-people-in-cyprus-struggle-to-secure-a-home-loan
Young people are facing difficulties in securing mortgage loans due to a number of factors, according to economist Tasos Yasemidis....
https://knews.kathimerini.com.cy/en/news/cypriots-want-less-bureaucracy-better-skilled-civil-servants
Cypriots appear largely dissatisfied by the functioning of the country’s public administration, and believe that the way forward goes through the reduction of bureaucracy, better skills for civil servants and more communication with citizens, according to the findings of a flash Eurobarometer survey on how EU citizens perceive the support provided to member states through the European Commission’s Technical Support Instrument...
https://knews.kathimerini.com.cy/en/business/cyprus-chambers-call-for-bilateral-improvement-of-green-line-trade
The Cyprus Chamber of Commerce and Industry (CCCI) and the Turkish Cypriot Chamber of Commerce (KTTO) support all efforts aimed at the bilateral improvement of Green Line trade....
https://knews.kathimerini.com.cy/en/news/non-compliance-with-us-sanctions-bad-says-cbc-governor
No impact to financial stability has been recorded so far by the US and UK sanctions against Cypriot persons and entities for assisting Russian sanctioned nationals apart from Cyprus’ credibility, Governor of the Central Bank of Cyprus Constantinos Herodotou said on Wednesday, noting that non-compliance would pose 'very negative consequences to the economy'...
https://knews.kathimerini.com.cy/en/business/it-s-surprising-how-little-was-frozen
Upon his arrival at Larnaca airport last Wednesday, Justice Commissioner Didier Raeder brought with him two pressing questions. Firstly, how is it that a country like Cyprus, which has been heavily infiltrated by Russian capital for several years, has only managed to freeze a mere 104 million euros worth of assets belonging to oligarchs under EU sanctions?...
https://knews.kathimerini.com.cy/en/business/dr-charis-savvides-joins-grant-thornton-cyprus
Grant Thornton Cyprus is pleased to announce that Dr Charis Savvides joined the Firm as the Funds and Regulatory Compliance Services Leader. This appointment is part of the Firm’s strategic plans to enhance its advisory offering and at the same time, to meet growing client demands....
https://knews.kathimerini.com.cy/en/news/new-law-will-require-presidential-candidates-to-disclose-donations
Today (Wednesday, April 26), the Parliament's Institutions Committee began discussing the law proposal submitted by DISY MP and chairman of the Committee, Demetris Demetriou, on behalf of his party's Parliamentary Group, ...
https://knews.kathimerini.com.cy/en/news/kaili-fights-back-after-politico-report
MEP Eva Kaili, who has been indicted over her involvement in the “Qatargate” corruption scandal, has denied claims made in a Politico report that she is also facing another criminal investigation into fraudulent payments involving four former assistants in the European Parliament from 2014 to 2020...
https://knews.kathimerini.com.cy/en/news/safeguarding-first-responders-on-duty
The rapid evolution of technology is bringing huge and beneficial changes in all areas and the rescue sector isn't an exception. ...
https://knews.kathimerini.com.cy/en/comment/opinion/the-real-estate-industry-s-crucial-turning-point
The European Parliament recently approved a new bill that aims to tackle climate change by reducing carbon emissions. This new legislation has significant implications for the property markets in Cyprus and Greece, where there is a large stock of buildings over 30 years old and requiring energy upgrades....
https://knews.kathimerini.com.cy/en/business/the-impact-of-sanctions-go-beyond-individuals-and-companies
George Christofides, Vice President of the Bar Association, addressed the sanctions imposed by the UK and US on legal and natural persons in Cyprus during an interview on the ''DIASPORA NEWS'' program. ...
https://knews.kathimerini.com.cy/en/news/nicosia-launches-special-unit-to-sift-through-sanctions
No derogation from EU sanctions will be tolerated, President of the Republic Nikos Christodoulides stressed on Wednesday during a meeting at the Presidential Palace on the sanctions imposed by the US and the UK against natural and legal persons from Cyprus. The President was also informed about the procedures to establish the National Sanctions Implementation Unit...
https://knews.kathimerini.com.cy/en/business/numerous-foreclosure-sales-expected-in-2023-and-2024
The COVID-19 pandemic and the subsequent suspension of divestments since 2020 have led to the creation of a considerable volume of properties for disposal that banks and credit purchase companies have on their balance sheets....
https://knews.kathimerini.com.cy/en/news/cypriot-banks-dump-russian-client-accounts
Russian nationals in the Republic of Cyprus are facing bank account closures as the island’s financial institutions are choosing to axe client accounts to avoid sanction violation risks, but some fear an indiscriminate sweep may affect innocent customers...
https://knews.kathimerini.com.cy/en/business/three-major-concerns-of-ecb-regarding-cypriot-banks
Although Cypriot banks have made great progress over the last decade, foreign supervisors have reservations and summarise their concerns in three areas....
https://knews.kathimerini.com.cy/en/news/eu-calls-on-aspiring-journalists-to-train-in-brussels
The European Commission has announced that it has launched a call for journalism students and young journalists to participate in Youth4Regions, an EU program for budding journalists that includes a week of training in Brussels....
https://knews.kathimerini.com.cy/en/comment/opinion/what-is-the-future-for-banks
Banks have suffered significantly in the last 15 years. Some have been forced to shut down, while others had to reduce deposits. In some countries, banks have been subject to capital controls, and many have had to change their shareholder structure due to state intervention....
https://knews.kathimerini.com.cy/en/business/nicosia-cybersecurity-conference-live-empowering-education-and-prevention
On Thursday 6th April 2023 at 11.00 a.m., a workshop entitled "Cybersecurity Systems and Development of Modern IT Applications" will take place at the Hilton Hotel in Nicosia....
https://knews.kathimerini.com.cy/en/comment/opinion/lack-of-legal-protection-in-eu-adoptions
Intercountry adoption is the adoption of a child habitually resident in one state by parents habitually resident in another state, as defined in Article 2 of the 1993 Hague Convention, which ensures cross-border recognition of adoptions. However, in practice, additional procedures are required for its recognition in certain States, including EU Member States....
https://knews.kathimerini.com.cy/en/news/russian-children-s-commissioner-rejects-icc-allegations
Russia's commissioner for children's rights on Tuesday dismissed International Criminal Court (ICC) allegations that she was responsible for unlawfully deporting children from Ukraine as false...
https://knews.kathimerini.com.cy/en/news/cypriot-professor-phoebe-koundouri-honored-for-contribution-to-science
On Thursday, the 23rd of March, Prof. Phoebe Koundouri was awarded the Academy of Athens Excellence in Science Award 2023 for her contribution to the advancement of the Science of the Marine Environment by the President of the Academy of Athens, Michael-Konstantinos Stathopoulos, and the Secretary-General, Christos Zerefos....
https://knews.kathimerini.com.cy/en/news/passports-of-russian-officials-confiscated-to-prevent-overseas-escape
A Soviet-style practice is being resorted to by Russia's security services, confiscating the passports of senior officials and executives of state-owned companies to prevent travel abroad, as "paranoia about leaks and defections spreads in Vladimir Putin's regime," reports the Financial Times....
https://knews.kathimerini.com.cy/en/news/new-jersey-and-cyprus-armies-tie-the-knot
Cyprus and US relations have never been stronger, Minister of Defence of the Republic of Cyprus Michalis Giorgallas has stressed during the signing ceremony of a State Partnership Program between the Republic of Cyprus and the New Jersey National Guard...
https://knews.kathimerini.com.cy/en/news/finmin-stresses-importance-of-stable-legislation-for-out-of-court-auctions
The Finance Ministry has stressed the importance of having stable legislation regulating out-of-court auctions, in tandem with an effective insolvency framework in order to achieve a reduction of bad loans....
https://knews.kathimerini.com.cy/en/news/it-s-a-pawsome-weekend-treat-as-athens-museum-opens-doors-to-fur-buddies
This Sunday, April 2, the people of Greece get to live out my lifelong dream and bring their dogs to the National Museum of Contemporary Art in Athens for a “World Stray Animal Day” event. ...
https://knews.kathimerini.com.cy/en/news/at-the-eu-summit-with-an-eye-on-the-cyprus-issue
Christodoulides attempted to lay out his vision for active EU engagement on the issue of breaking the six-year deadlock in Cyprus talks on the first day of his first European Council summit as President. ...
https://knews.kathimerini.com.cy/en/news/president-travels-to-brussels-to-attend-european-council-meeting
Cyprus President, Nikos Christodoulides, departs on Tuesday evening for Brussels, where he will attend the European Council meeting that will take place on March 23 and 24....
https://knews.kathimerini.com.cy/en/news/herodotus-to-banks-on-restructuring-interest-rates-and-transparency-in-charges
The Governor of the Central Bank, Constantinos Herodotou, emphasized to the Senior Executive Directors of licensed credit institutions the importance of the timely provision of viable restructurings, as well as the assessment of their data regarding the level of their deposit rates....
