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271. Cyprus lacks 'snitches' to root out cartels

The head of Cyprus’ competition protection office says its program designed to root out cartels on the island has failed because of the country’s closed society where snitching is not part of Cypriot culture...

272. Greece braces for tension with Turkey

The prospect of Turkish President Recep Tayyip Erdogan “testing” the freshly ratified Greek-French agreement, by escalating tensions in the Aegean or in the Eastern Mediterranean, is worrying Athens....

273. EY presents the 17th CFO Management Forum and the CFO Awards 2021

EY has proudly sponsored the 17th CFO Management Forum and 5th CFO Awards, which were held on Tuesday, September 28th at the Nicosia Hilton....

274. Greece-France defense agreement for new frigates

Greece-France defense agreement for the acquisition of new frigates and corvettes for the needs of the Navy, is expected to be announced tomorrow, ending a multi-year standstill...

275. Erdogan says Turkey plans to buy more S400

President Tayyip Erdogan said Turkey still intended to buy a second batch of S-400 missile defense systems from Russia, a move that could deepen a rift with NATO ally Washington and trigger new US sanctions...

276. 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. ...

277. Cyprus wants clean slate in naturalizations

The government in the Republic of Cyprus has laid out a new blueprint for naturalizations of foreign investors and skilled immigrants, pointing to a departure from the country’s disgraced golden passport scheme while respecting the EU position on citizenship criteria...

278. Global CEO confidence returns to pre-pandemic levels

CEOs of the world’s largest businesses are increasingly optimistic about the outlook for their own business and despite the Delta variant slowing down the ‘return to normal’, their confidence in the global economy has returned to levels not seen since the start of the pandemic....

279. Greece’s significant air power projection

Greece’s military procurement program – a thorn in Turkey’s side, described by its defense minister, Hulusi Akar, as “provocative” – is back at the fore, after the recent briefing in Parliament about the navy’s acquisition of 44 torpedoes for its Type 214 submarines....

280. International Luxury Property and Residency Conference

281. 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. ...

282. 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'...

283. No fly on the wall during Brussels meeting

Greek Prime Minister Kyriakos Mitsotakis and Turkish President Recep Tayyip Erdogan meet Monday in Brussels where they are attending a NATO Summit, with reports saying the two leaders at some point plan to have only their interpreters in the room...

284. Blinken: differences with Turkey are no secret

US President Joe Biden will raise the issue of Turkey’s activities in the Eastern Mediterranean during his upcoming meeting with Turkish President Recep Tayyip Erdogan, US Secretary of State Antony Blinken said during a Senate Foreign Relations Committee hearing on Tuesday...

285. EY: Liquidity-fueled IPO markets break records in Q1 2021

286. EY Firepower 2021: life sciences M&A falls to one of lowest totals since 2014

EY Firepower 2021: life sciences M&A falls to one of lowest totals since 2014, as biopharmas refocus on alliances and bolt-on deals...

287. 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....

288. EU will be present in Cyprus issue negotiations, senior EU official says

The EU will be present at the conference on Cyprus to be convened by the UN in Geneva in late April and at the formal negotiations that may follow, a senior EU official said at a press conference in Brussels ahead of the forthcoming Foreign Affairs Council (FAC) of Monday....

289. Borrell: ‘Cyprus problem is clearly an EU problem’

The European Union’s top diplomat Josep Borrell reiterated the bloc’s support for the resumption of talks on a peace settlement for Cyprus, while stressing that the division of the island “is clearly an EU problem.”...

290. Borrell: Cyprob solution must come from Cypriots

"The European Union fully supports the resumption of a settlement process under UN auspices, as soon as possible," and stands ready to provide whatever assistance both parties and the UN would find most useful, the EU’s Foreign Policy chief Josep Borrell said Thursday....

291. Cyprus, Greece, Egypt FMs call for federal Cyprob solution

The Foreign Ministers of Greece, Egypt and Cyprus signed a joint statement in support for a Cyprus solution on the basis of a bizonal bicommunal federation, in accordance with international law, the relevant UN Security Council Resolutions, and in line with the European acquis....

292. Turkey reportedly purchases fourth drillship

Turkish media on Tuesday were reporting the purchase of a fourth drillship by the government in Ankara....

293. Turkey hopes to turn new page with US, EU in 2021, Erdogan says

President Tayyip Erdogan said on Wednesday that Turkey hopes to “turn a new page in its ties with the United States and European Union, and that Ankara had been subjected to “double standards” by both its NATO ally Washington and the bloc....

294. Cyprus traffic cameras venture set in motion

The contract for the study, installation, and maintenance of the island’s new traffic camera system was signed on Monday, setting into motion the pilot phase of the project that was several years in the making....

295. EU leaders pull Turkey punch at last minute

European Union leaders agreed on Thursday to prepare limited sanctions on Turkish individuals over an energy exploration dispute with Greece and Cyprus, postponing any harsher steps until March as countries sparred over how to handle Ankara...

296. Anastasiades participates in prep meeting ahead of EUCO

With the European Council coming up next Wednesday and Thursday, President Nicos Anastasiades participated in a preparatory videoconference hosted by European Council President Charles Michel to discuss issues on the agenda, which is also expected to include a discussion of the potential imposition of sectoral sanctions against Turkey....

297. Israeli F-35 jets test Cyprus air defence

Cyprus gets to test its air defence systems against American-made F-35 jest, with Israeli pilots flying their cutting edge stealth fighters during a joint exercise this week over Limassol and Paphos...

298. Bar set low as Brussels, UN in low spirits for CyProb involvement

Foreign players ranging from Brussels and Berlin to New York have lowered their expectations and show a reduced eagerness to actively get involved in efforts to reach a solution to the Cyprus Problem....

299. Cyprus slams Erdogan's push for two-state solution

The Republic of Cyprus slammed comments regarding a two-state solution to the Cyprus Problem made by the Turkish President Tayyip Erdogan on Monday after meeting with the new Turkish Cypriot leader Ersin Tatar, with government spokesman Kyriakos Koushios stressing on Tuesday that such prospects are in complete opposition to UN resolutions....

300. Appointment of Directors, Principals, Senior Manager in K. Treppides & Co

The Management of K. Treppides & Co Ltd committed to develop leadership that derives from its own people, who pursue excellence in the provision of high quality specialised and unique services, is pleased to announce the appointment of the following members into the Board of Management with effect 1 October 2020...