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211. North plays catch-up with illicit cash

Turkish Cypriot authorities have their hands full as they investigate large sums of money being laundered in Cyprus, with cases ranging from probing courier operations south of the divided island’s UN buffer zone to media speculating on the scope of rampant tax evasion in the north...

212. Nexters reports record-breaking quarterly revenues of $126 million

Nexters, an international game development company headquartered in Limassol, today released financial and operational results for the first quarter of 2022 and announced the changes to the board of directors: ...

213. CBC: Noticeable decrease in household and business debt

Business and household debt in Cyprus reached €56.2 billion in the first quarter of 2022, according to data from the Central Bank of Cyprus....

214. K. Treppides & Co Ltd: Benefits in Kind

There are a number of commercial benefits that come with registering the property in the name of a legal entity rather than as an individual e.g. for asset protection purposes as it provides protection against personal insolvency since a property that is in the name of a legal entity should not be affected should the individual becomes personally insolvent....

215. Foreign tourist goes after Ayia Napa police

A Chinese man living in London is seeking public support as he takes on the police in Ayia Napa, saying he was physically and verbally abused in a racially-motivated encounter during the pandemic and further alleging he was denied access to a lawyer...

216. Putin will restart gas pipeline to Europe, but with conditions

Russian President Vladimir Putin signaled that Europe will start getting gas again through a key pipeline, but warned that unless a spat over sanctioned parts is resolved, flows will be tightly curbed....

217. Assailant in Larnaca video denies charges

A local man caught on video verbally and physically assaulting an asylum seeker who was holding her baby has been remanded in custody, but his lawyer says he was the one who called police in the first place...

218. Local councilor arrested after company bleeds cash

A local councilor in rural Larnaca has been remanded in custody on suspicion of swindling a produce company in his community out of half a million, following an audit that revealed blank cheques were misused...

219. North probes illicit cash route to south after Ercan arrests

Recent arrests in the north in connection with cash couriers have prompted Turkish Cypriot authorities to investigate whether large sums of money were being transferred through an illicit route to the south...

220. Credit Suisse guilty of money laundering

Credit Suisse has been found guilty and fined for involvement in money laundering related to a Bulgarian drugs ring....

221. Police arrest suspects in latest scam probes

Cyprus Police have been rounding up suspects in connection with fraud and deception cases under investigation, including a man accused of promising fame to unsuspecting artists under false pretenses...

222. As many as 15,000 passengers facing cancelled flights at Heathrow

In the latest meltdown at a major UK airport, Heathrow has asked airlines flying from Terminals 2 and 3 to cancel 10 percent of their schedules for Monday due to mounting problems with its baggage handling....

223. The 15 branches of Bank of Cyprus that are closing

The restructuring plan will go ahead by July 4 - There will be 60 left while it will also reduce ATMs...

224. Myth-buster: IFRS 17 an accounting standard for insurance contracts

As the title attests, this short article aims at busting the myth which states that IFRS 17 – Insurance Contracts is only relevant for insurers or for companies regulated as insurance entities. ...

225. East-West orthodox split deepens in Cyprus

An interview with the Archbishop of Cyprus, who used unfavorable words for detractor bishops as well as the Patriarch of Moscow, is causing all sorts of reactions on the island where campaign drama is unfolding both in a highly contested presidential election and a looming replacement for head of church...

226. KPMG and CIM offer two scholarships

Corporate social responsibility and support to the community are both fundamental and guiding principles in KPMG Cyprus. ...

227. Fee free cash withdrawals at supermarkets and bakeries

Following an international trend, consumers in Cyprus will now be able to withdraw cash without a fee at participating supermarkets, bakeries, butchers and gas stations. The maximum withdrawal limit is set at 100 euros....

228. Mask-wearing man robs bank in Larnaca

A man wearing a COVID mask is believed to have robbed a bank in Larnaca district on Wednesday, the first official day when face coverings are no longer required in the Repubic...

229. 103 million euros in support measures for vulnerable households

Cyprus’ government announced a new package of financial support measures for vulnerable groups of the population, to the tune of 103 million euros on Friday, to offset the impact of inflation and the war in Ukraine....

230. CBC: Cryptocurrencies are a potential risk to the economy

Losing 26% of its value in the last month, Bitcoin and other cryptocurrencies are in danger of dragging the "real economy" with their unpredictable fluctuations....

231. EY launches 2022 Better Working World Data Challenge to help tackle biodiversity loss

232. EC projects economic slowdown and rising inflation in Cyprus

The European Commission has revised its economic projections for Cyprus citing a downward trend due to the effects of Russia’s invasion of Ukraine and the associated sanctions against Moscow on the island’s tourist and services sector....

233. Metsola: 'Democracy does not exist without freedom of the press'

"Freedom and democracy can not exist without freedom of the press", the President of the European Parliament Roberta Metsola said on Tuesday, on the occasion of the World Press Freedom Day....

234. Cashing in: No payment problems for Russian tourists in Turkey

Turkey is trying to attract more Russian tourists by expanding the usage of the Russian Mir payment system in Turkey as it seeks to bypass the payment bottleneck created by Western sanctions....

235. Boris Becker faces jail term for failing to declare his millions

Three-time Wimbledon champion Boris Becker could be sent to jail today as he faces a sentence for flouting the terms of his 2017 bankruptcy....

236. Europe scrambles for natural gas solution as Putin squeezes supply

The European Union is racing to find alternative suppliers of natural gas after Russia's Gazprom cut flows to two EU nations, sparking fears that others will soon follow....

237. 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....

238. 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....

239. 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....

240. Pimp locked up in Limassol brothel case

A man in Limassol has been sentenced to eight years in prison for pandering, after police detained him and four women during a prostitution sting in late 2020...