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1201. 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. ...

1202. Banks must find new profitable products, CBC Governor says

The task of securing alternative profitable products besides lending is the biggest challenge for banks in small countries such as Cyprus, Central Bank Governor Constantinos Herodotou said on Friday....

1203. Health Minister travels to Brussels for extraordinary EU coronavirus meeting

Amid growing concerns over coronavirus, Health Minister Constantinos Ioannou will be rushing to Brussels on Wednesday after the European Union called for an emergency meeting of EU Health Ministers on Thursday....

1204. Greek position on EU migration pact

Greece’s position regarding the future of the migration and asylum pact that the European Commission is expected to table in the coming months rests on three fundamental principles: a European solution to a European challenge, a fair system that will stand the test of time, and the preservation of the European Union’s core values as enshrined in the EU Treaty....

1205. Insurers need profound transformation and the right talent

As insurance industry growth remains stagnant for another year due to low interest rates, the shifts in consumer demographics around the world coupled with heightened expectations for digital experiences present insurers with risks and opportunities...

1206. Health Ministry geared up against coronavirus

Health Ministry officials are fully prepared to implement a coronavirus management protocol that has been drawn up, should the virus affect the local population, Health Minister Constantinos Ioannou said on Monday....

1207. Deadly earthquake jolts eastern Turkey

A powerful earthquake struck eastern Turkey on Friday, killing at least 20 people and collapsing buildings in affected towns near the center of the tremor, which was strong enough to be felt in several neighboring countries...

1208. How Russian uncapitalism works

Like a private equity firm enacting an acquisition-led ‘roll-up’ in a fragmented sector, Putin and Co in Russian have been busy in recent years quietly taking scores of small banks into state ownership...

1209. Digital transformation of health services is indispensable

1210. GCC achieves high Customer Satisfaction

1211. 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...

1212. Peace water on hold after weather incident

Turkish Cypriot officials say it will take two months to restore a submerged water pipeline from Turkey, following an incident due to severe weather...

1213. Family businesses should trust next generation leaders

1214. PwC Cyprus places the well-being of its staff at the centre of its activities

PwC Cyprus adopted the ground-breaking programme "Be Well, Work Well", which is part of the organisation's new global approach to well-being...

1215. EY announces new solutions for the energy industry

EY announces new innovative digital solutions for the energy industry built on Microsoft Azure...

1216. 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....

1217. PwC Cyprus presented the 'New World, New Skills' programme

1218. Minister suspects dissent in Akamas fires

The fire department has called for backup in fighting multiple blazes in Akamas and other areas, with the agriculture minister saying the fires “can’t be a coincidence” as government policies move forward...

1219. «Growth momentum moderates» in Cyprus according to Εuropean Commission Autumn Economic Forecast

"Growth momentum moderates" in Cyprus, according to the headline assessment of the European Commission`s Autumn Economic Forecast for the country, presented today by Commissioner Moscovici in Brussels....

1220. Revenue from ship management dips

Ship management revenues decreased in the first half of 2019 by €5 million, according to the results of the Ship Management Survey for the first half of 2019, concerning the transactions of resident ship management companies published Wednesday by the Central Bank of Cyprus...

1221. Cyprus to start process for early repayment of IMF loan, Finance Minister announces

Finance Minister Harris Georgiades announced on Tuesday that an official process will be launched for the early and full repayment of an IMF loan, following the repayment of a loan from Russia....

1222. MAP S.Platis joins forces with global firm FTI Consulting

1223. Turkey criticized over Syria offensive during EP debate

Turkey was heavily criticized on Wednesday for its military operation in north-east Syria, during a debate at the European Parliament plenary, in Strasbourg, while a relevant resolution is expected to be adopted on Thursday....

1224. Financial Services towards Artificial Intelligence and Machine Learning

Artificial Intelligence in general and machine learning in particular, is not a new concept, but it is only in recent years that financial services firms have started to learn about and understand its full potential...

1225. Britain's Thomas Cook scrambles for £200 million to avert collapse

Britain’s Thomas Cook needs to find an extra 200 million pounds to satisfy its lenders or one of the world’s oldest holiday company risks collapse, potentially stranding thousands of holidaymakers across Europe. ...

1226. Minister says migration ‘extremely challenging’

Interior Minister Constantinos Petrides says the numbers of asylum applicants are going up, increasing the social and economic burden on the island...

1227. Migration and geopolitics

The significant increase in the arrival of refugees and migrants recorded on Greece’s Aegean islands over the past few weeks is cause for concern as it indicates that Turkey is seeking to exploit the issue in order to remind the European Union of Ankara’s critical role in containing inflows. ...

1228. Brussels piles on pressure over Greece-Cyprus-Israel electricity cable

Just when the Greek Energy Minister thought he could take a short August break, after a hectic first 30 days of the Mitsotakis administration, a stern warning from Brussels has exposed the wavering attitude that Athens has chosen by succumbing to pressure from the Chinese-controlled transmission system operator ADMIE over the Attica-Crete subsea electricity cable...

1229. Common interest for talks but disagreements remain

President Anastasiades said that there is a positive climate and a common basis on which the talks for a Cyprus settlement can take place, noting, at the same time, that disagreements on serious issues remain, but there is an agreement that differences cannot be bridged without dialogue. ...

1230. EY: The sale of the three subsidiaries of Cyprus Popular Bank has been completed