https://knews.kathimerini.com.cy/en/news/us-house-passes-bill-urging-biden-to-sell-off-seized-russian-yachts-and-jets
The US House of Representatives yesterday passed legislation calling on President Joe Biden to sell the seized yachts, private jets and other assets owned by sanctioned Russian oligarchs....
https://knews.kathimerini.com.cy/en/business/consulco-s-london-credit-fund-q1-2022-results
Consulco achieved a remarkable first quarter of 2022, during which our London Credit Fund achieved a dividend of £ 13.07 per unit of its Class A shares, $ 11.14 per unit for its Class C shares and € 9.00 per unit for its Class E shares. ...
https://knews.kathimerini.com.cy/en/news/more-‘golden-passports-revoked
The Council of Ministers decided last week to revoke the citizenship of four more Russians, including their family members, who obtained ‘Golden Passports’ under the island’s disgraced Citizenship by Investment scheme that was brought to an abrupt end in November 2020....
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-letting-your-property-in-cyprus-through-online-platforms-e-g-airbnb
The economy of Cyprus is largely dependent on tourism, and this is evident from the fact that government revenues from tourism accounted for over 12% of Cyprus GDP in year 2019 (in accordance with publicly available statistics extracted pre Covid-19 pandemic). ...
https://knews.kathimerini.com.cy/en/news/sba-land-run-rules-in-foreign-investors
More opportunities and fewer restrictions for land development on SBA land went into effect on Monday in Cyprus, where foreign nationals will be allowed to invest along with locals who now have to review details and move quickly with any possible objections...
https://knews.kathimerini.com.cy/en/news/three-women-jailed-in-‘illegal-brothel-case
Three women initially suspected of being sex trafficking victims have been arrested in Nicosia on suspicion of taking part in the running of an illegal brothel, with police securing eight-day remands but declining to specify any provisional charges against them...
https://knews.kathimerini.com.cy/en/business/the-msci-2021-results-are-in-consulco-outperforms-the-market
The MSCI results are now available, and Consulco’s London commercial real estate portfolio has outperformed the Greater London Retail property market in all time frames over 3, 5 & 10 years, achieving a 7.5% total return per annum since inception....
https://knews.kathimerini.com.cy/en/news/clashes-between-locals-and-foreigners-continue
A man has been arrested in the aftermath of a violent altercation between locals and foreigners in Emba, a quiet town in western Cyprus where residents have been up in arms over recent arrivals of Syrian and African refugees...
https://knews.kathimerini.com.cy/en/news/increase-of-property-supply-leads-to-decline-of-housing-prices
The increase in the property supply has contributed to a decline in prices in Cyprus in recent months, according to the latest figures reported by the Statistical Service of Cyprus (CyStat) this week....
https://knews.kathimerini.com.cy/en/business/property-sales-hit-14-year-high
Property sales in March, as measured by the number of sale contracts deposited at Land Registry offices, hit a 14-year high according to figures released by the Department of Lands and Surveys....
https://knews.kathimerini.com.cy/en/news/roman-abramovich-asking-friends-for-loans
Russian billionaire Roman Abramovich is reportedly seeking loans from his wealthy and powerful friends in Hollywood, Wall Street and the tech industry in order to be able to pay his staff, as his US and UK accounts have been frozen....
https://knews.kathimerini.com.cy/en/news/revoking-golden-passports-to-russians-‘impossible
An EU recommendation to member states to recall passports issued to Russian and Belarusian oligarchs on the bloc’s sanctions list puts Cyprus in an awkward position....
https://knews.kathimerini.com.cy/en/news/russia-to-bar-entry-for-people-from-growing-list-of-unfriendly-nations
Russia said on Monday it was preparing to restrict entry into Russia for nationals of "unfriendly" countries, which include Britain, all European Union states and the United States. ...
https://knews.kathimerini.com.cy/en/news/russians-pile-into-property-in-istanbul-and-dubai-to-shelter-from-sanctions
Wealthy Russians are pouring money into real estate in Turkey and the United Arab Emirates, seeking a financial haven in the wake of Moscow's invasion of Ukraine and Western sanctions, according to many property companies....
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/news/op-ed-the-world-needs-to-come-clean-about-dirty-money
On a spring ski break in Colorado last week, I found the town of Aspen buzzing with talk about Roman Abramovich. While the Russian oligarch has rarely been seen in the resort in recent years,...
https://knews.kathimerini.com.cy/en/news/ukraine-crisis-stains-church-elections-in-cyprus
A Cypriot theologian has blown the lid off the game of thrones in archbishopric elections on the island, suggesting anti-Russia agenda is behind efforts to take the vote away from believers who might favor a pro-Moscow candidate in order to task the Holy Synod with naming the winner...
https://knews.kathimerini.com.cy/en/business/new-russian-asset-tracker-platform-launched-by-non-profit
A nonprofit reporting network launched on Monday the Russian Asset Tracker, a database to track the assets of prominent Russians who have links to Vladimir Putin....
https://knews.kathimerini.com.cy/en/business/consulco-hosted-the-digital-event-uk-economy-and-real-estate-outlook
Consulco has successfully hosted the UK Economy and Real Estate Outlook event, along with four leading organization that have provided insights on the pressures the UK is facing today and their impact on key property markets. ...
https://knews.kathimerini.com.cy/en/news/where-have-wealthy-russians-disappeared-to
It stretches into the Persian Gulf from Dubai. The man-made archipelago in the shape of a huge palm tree is full of luxury hotels, apartments and villas....
https://knews.kathimerini.com.cy/en/news/roman-abramovich-can-t-pay-queen-£10-000-rent-he-may-owe-for-£107m-mansion
Chelsea owner Roman Abramovich can't pay the Queen the £10,000 rent he may owe for the land his £107million mega-mansion sits on....
https://knews.kathimerini.com.cy/en/news/squatters-occupy-russian-oligarch-s-london-mansion
Squatters have occupied the London mansion suspected of belonging to Russian billionaire Oleg Deripaska, who was placed on Britain's sanctions list last week, unfurling a Ukrainian flag and a banner saying 'This property has been liberated'....
https://knews.kathimerini.com.cy/en/news/uk-freezes-assets-of-roman-abramovich-and-6-other-oligarchs-banned-from-travel
Roman Abramovich is among seven oligarchs to be hit with an asset freeze and travel bans under brutal new UK sanctions unveiled today....
https://knews.kathimerini.com.cy/en/news/italy-seizes-oligarchs-villas-and-yachts-to-put-pressure-on-russia
Italian police have seized villas and yachts worth 143 million euros ($156 million) from five high-profile Russians who were placed on sanctions lists following Moscow's attack on Ukraine, the government said on Saturday....
https://knews.kathimerini.com.cy/en/business/abramovich-gets-rid-of-real-estate-and-thinks-of-selling-chelsea
A Labor lawmaker told the British parliament yesterday that Roman Abramovich was rushing to sell his property in the United Kingdom to avoid possible financial sanctions....
https://knews.kathimerini.com.cy/en/news/police-probe-water-theft-in-chloraka-s-refugee-complex
A man has been arrested in Paphos after the local council in Chloraka filed a complaint for illegal tapping of water supply at a controversial apartment complex where hundreds of refugees have been asked to leave...
https://knews.kathimerini.com.cy/en/news/doctor-kicked-out-of-gesy-over-fictitious-charges
Prosecutors in Cyprus are moving forward with a case against a GESY doctor suspected of health insurance fraud, after officials found he had been racking up false claims for medically unnecessary injections...
https://knews.kathimerini.com.cy/en/news/greek-cypriots-in-last-ditch-effort-to-save-ghost-town
The foreign minister of the Republic of Cyprus says a proposal to lift international embargos on Ercan airport in the north is “the only way to save Varosha” for Greek Cypriots, but it may be too little too late for the seasoned diplomat as Turkish Cypriots say the ghost town is now off the table...
https://knews.kathimerini.com.cy/en/business/pandemic-to-‘spell-end-of-tax-privileges-for-billionaires
Thomas Piketty is one of the most famous economists in the world. His weighty tomes on inequality and its dangerous consequences for global capitalism have been widely praised by other stars of the dismal science, like Paul Krugman and Robert Solow. ...
https://knews.kathimerini.com.cy/en/news/greek-cypriots-see-trojan-horse-in-ghost-town
Greek Cypriot officials in the south are calling once again on Varosha title deed holders to stay away from a “legal trap” in the north, pointing to Ottoman religious foundations officially acknowledged as interested parties by a commission that examines property claims in the divided island’s ghost town...
