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91. Finance Minister perturbed over 'Cyprus Confidential'

Finance Minister Makis Keravnos expressed dismay over the revelations in ''Cyprus Confidential,'' emphasizing concerns about ongoing portrayals of Cyprus as a problematic financial and investment destination....

92. Cyprus' certifiers clash over their official stamp

Tensions are escalating between the Ministry of Interior and certifying officials in the Republic of Cyprus, as a dispute erupts over uncontrolled certifications, misuse of the nation's coat of arms seal, alleged forgeries, undeclared income, and certifying officials who stand accused of rejecting complaints lodged against them....

93. Larnaca welcomes the 'Museum of the Moon' by Luke Jerram

An extraordinary and captivating event is set to grace the coastal city of Larnaca, as the organizers of the Larnaca Biennale prepare to unveil a remarkable experience that will bring the moon closer to Earth, albeit metaphorically....

94. October Newsletter of K. Treppides & Co Ltd: Financial Conduct Authority (FCA)

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...

95. October Newsletter of K. Treppides & Co Ltd: CySEC - ΕΒΑ Guidelines on outsourcing

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. A newsletter issue from Treppides is an essential tool for those who are engaged in the broader financial and business sector, as one can find through the pages all the important and current developments, as well as the latest news relating to financial, audit and assurance, tax as well as legal services....

96. €3.93 billion windfall from EU on the horizon

The funds absorbed by Cyprus from European funds have exceeded the amount of Cyprus's contributions to the EU, said member of the EU Court of Auditors, Lefteris Christoforou, presenting the annual report of the Court for 2022 to President of the House of Representatives Annita Demetriou on Thursday....

97. Scandal involving subsidies for T/C land use sparks outrage

A recent 2022 Audit Office report raises concerns about the use of Turkish Cypriot and state land in Cyprus. Roughly 30 companies and individuals receive substantial subsidies from the Cyprus Agricultural Payments Agency, despite some lacking state contracts....

98. Tax audits expose unexplained remittances

Remittances abroad that are not justified by incomes declared in tax statements, problematic parental concessions or donations to children with sums of money directly “from the mattress,” and undeclared earnings were detected by the tax inspection centers in the audits they carried out in the first seven months of the year. ...

99. Government to expand workforce in 2024

In the 2024 budget, authorities anticipate total general government revenue of €13.2 billion and expenditures of €11.8 billion, resulting in a fiscal surplus of €659 million, equal to 2.2% of GDP. ...

100. October Newsletter of K. Treppides & Co Ltd: ESMA

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...

101. Deloitte continues to foster trust through transparency

Deloitte Cyprus issued its 12th Audit Transparency Report for the year ending 31 May 2023. The report provides an in-depth analysis on how the firm embraces its responsibilities to its clients, people, society, and the market, with the highest quality standards. ...

102. Doxa Komodromou reveals shocking truths about her resignation

In a recent interview with "Kathimerini," former Deputy Government Representative Doxa Komodromou shed light on the controversy surrounding her resignation, which was closely tied to the issue of overtime payments....

103. €5,600 in funding for tourism enterprises

In celebration of World Tourism Day, the Cyprus Chamber of Commerce and Industry reaffirms its commitment to supporting Cypriot tourism businesses on their journey toward sustainability. ...

104. Presidency in prolonged crisis

The United Nations General Assembly in New York proved to be a critical test for Nikos Christodoulides during his first year in office, as well as a highly significant personal and political endeavor. On one hand, he aimed to use the platform of these meetings to communicate a positive message regarding the Cyprus problem. ...

105. 153 government employees face overtime probe

After the issue of overtime pay arose with Deputy Government Spokesperson Doxa Komodromou, all Presidential staff will come under the scrutiny of the Audit Service, including relatives and friends of the presidential couple, as reported by Philenews. ...

106. Debate heats up over overtime pay for government rep

Deputy Minister Irene Piki, in response to the President's request to grant overtime pay to Deputy Government Representative Doxa Komodromou, stated that the matter would be discussed with the President of the Republic....

107. EY achieves record global revenue of nearly $50 billion

EY reports record global revenue results of just under US$50b...

108. How University of Cyprus handles overtime pay

The University of Cyprus, led by its rector, Tassos Christofides, acknowledged that overtime was paid to Doxa Komodromou....

109. Controversy deepens over overtime pay to deputy spokesperson

The controversy surrounding overtime payments for Deputy Government Spokesperson Doxa Komodromou has escalated, with revelations and calls for reimbursement by the Auditor General, Odysseas Michaelides....

110. K. Treppides & Co Ltd: Cyprus financial market recovery or impending closure? Uncovering hidden risks

111. Request for 200,000 euros in overtime pay for state officials withdrawn

Irene Piki, the Deputy Minister to the President, has announced the withdrawal of a request for more than 200 thousand euros in funds to cover overtime pay for state officials working at the Presidential Office. She revealed this on state radio's Morning Routes program, specifying that the request was related to one specific person....

112. Big on big issues and small on small issues

Are you tired of scrolling and reading throughout long and multiple pages filled with every single detail of each accounting policy your entity of interest is using the last couple of years, only to find what really matters for you in page 25? Don’t get me wrong! I do that for living....

113. Ministry of Health in conflict with Insurance Agency over healthcare control

During yesterday's Parliamentary Committee on Health meeting, the Government decided to shift the responsibility of sending patients abroad from the Ministry of Health to the Health Insurance Organization....

114. Health Minister's high-stakes gamble under scrutiny

As time goes by, the Christodoulides government resembles a family soap opera, which before it becomes tiresome and dull, captivates once again as a new protagonist emerges, renewing interest. ...

115. High-stakes clash over official's credentials

A simmering dispute within Cyprus' Ministry of Health between Minister Popi Kanari and Director General Christina Giannakis has garnered increased attention,...

116. Hollywood artists unite in historic strike

Leaders of Hollywood’s actors’ union voted Thursday to join screenwriters in the first joint strike in more than six decades, shutting down production across the entertainment industry after talks for a new contract with studios and streaming services broke down....

117. Cyprus approves €361M supplementary budget for 2023

With criticism against the government's agreement for the purchase of the Metropolitan building, which will house the Ministry of Labor and Social Insurance, the Plenary of the House of Representatives approved the supplementary state budget amounting to €361 million....

118. Police corruption: 15 cases in court with 2 convictions since 2018

Marinos Kyriakides, the deputy representative of the Internal Audit Service of the Police, presented data on police corruption cases to the Parliamentary Committee on Institutions....

119. Illegal employment of advisors exposed in audit

An audit report by the Audit Service has exposed the illegal employment of four individuals who serve as advisors to the President of the Republic and the Deputy Minister of Shipping. ...

120. Cypriot economy on the brink, says Finance Minister

During his address to the House of Representatives and following his presentation to the Parliamentary Finance Committee on the government's comprehensive package of seven measures for addressing foreclosure issues, ...