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1171. K. Treppides & Co Ltd: Pillar Two on a Global Minimum Taxation

On 22 December 2021, the European Commission proposed a Directive on the introduction of a minimum effective corporate tax rate of 15% on large multinational enterprise (MNE) groups operating in the European Union (EU)....

1172. Increasing demand brings direct flights from Athens to Paphos beginning the 25th of July 2022

Aegean flights from Athens to Paphos have been extended until the end of October 2022, according to an announcement by the Paphos region Tourism Development and Promotion office....

1173. At least five Russian businessmen have died by apparent suicide in just three months

At least five prominent Russian businessmen have reportedly died by suicide since late January, with three of them allegedly killing members of their families before taking their own lives....

1174. Sci-fi selfie: Snapchat creates 'your friendly flying camera'

A social media giant has created a selfie camera—and it can fly around your head and follow you around....

1175. Cyprus energy hub hopes hanging by a thread

Nicosia is eagerly awaiting news any day now that could potentially revive the island’s hopes in the energy game, with all eyes on whether a UK-based company with contracts in Israel could find enough gas to bypass red tape and send some of it to a friendly neighbor’s hub...

1176. 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). ...

1177. Nicosia drops hint at ferry link this summer

The Shipping Deputy Ministry in the Republic of Cyprus says a successful bidder for a state-subsidized ferry link to Greece has been asked to submit a proposal, with reports saying a summer connection could be launched this year...

1178. K. Treppides & Co Ltd: Cryptocurrency - Having your regulated firm able to trade in cryptocurrency

Decentralized digital currency era began in 2008 by an unknown person named Satoshi Nakamoto which invented Bitcoin, the very first cryptocurrency. ...

1179. More than 100 private jets owned by Russian oligarchs are stuck in Dubai

Private jets belonging to Russian oligarchs that flew to Dubai to seek refuge from sanctions, following Russia's invasion of Ukraine are effectively stuck there, The Wall Street Journal reported....

1180. ENI TOTAL to resume drilling in Block 6 'Kalypso' deposit

The ENI TOTAL consortium will resume work on Block 6 within the Cyprus EEZ. According to information from Kathimerini, the Franco-Italian consortium will initially carry out drilling at a specific point of block 6 in order to have a better picture of the "Kalypso" deposit....

1181. NIPD GENETICS announces new ForeSENTIA panel to include tumor mutational burden biomarker

NIPD Genetics announces the launch of a new ForeSENTIA tumor profile panel, Pan-Cancer Plus, which includes the analysis of the genomic biomarker Tumor Mutational Burden (TMB). ...

1182. ‘Immediate solutions’ test Cyprus’ take on EastMed

A US energy official urged Nicosia to seek 'other options' if the island wanted to get energy quickly into markets, with Italy doing just that earlier this week when Rome clinched a deal with Algeria to replace Russian gas imports through the Transmed pipeline...

1183. EIB ready to offer funding to mitigate effects of Ukrainian war on Cyprus

New investment opportunities in Cyprus, as well as funding to mitigate the effects of the war in Ukraine, were discussed on Monday by President Nicos Anastasiadis, Finance Minister Constantinos Petridis and European Investment Bank (EIB) President Werner Hoyer. ...

1184. Consumers to buy directly from automaker, not from dealer

Mercedes-Benz has reached an agreement with its European dealers to switch to a new dealership model, in which customers will buy directly from the automaker and not from the dealer, the German brand said....

1185. Property sales hit 14-year high in Cyprus

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....

1186. More than 30 dead, 100 wounded from rocket strike at train station

More than 30 people were killed and over 100 were wounded in a Russian rocket strike on a railway station in east Ukraine on Friday as civilians tried to evacuate to safer parts of the country, the state railway company said....

1187. Euler Hermes is now Allianz Trade

Todaymarks a new chapter in our story: Euler Hermes, the world leader in trade credit insurance, becomes Allianz Trade – a natural moveas we have been fully part of the Allianz Group since 2018...

1188. K. Treppides & Co Ltd: Cryptocurrency: The requirement of a firm to service the local market trading in cryptocurrency

1189. A candy-striped airline that takes the humdrum out of flying

Most airplane exteriors look more or less the same -- white backdrop, bold lettering, company logo -- but every now and again, an airline unveils a livery that stands out from the pack....

1190. Russian socialites and influencers claim 'Russophobia in action'

Several Russian influencers and socialites say they've been barred from purchasing Chanel items and were told it was the brand's policy not to sell to customers who intended to bring the products back to Russia....

1191. Elon Musk snaps up $3bn Twitter stake

Elon Musk has taken a 9.2% stake in Twitter, according to a US securities filing. The news sent Twitter shares soaring about 25% in pre-market trading....

1192. K. Treppides & Co Ltd- Cryptocurrencies: Regulating cryptocurrency trading in Cyprus

1193. Wargaming ceases operations in Russia and Belarus

Wargaming has decided that it will not maintain or operate any business in Russia or Belarus....

1194. The act of a balanced work life and its yin yang: ECOMMBX

Life is a delicate yin yang, or merely one more reason to celebrate each day we all share on this planet we call home!...

1195. Stelios Bi-Communal Awards 2022

The Stelios Awards promote island-wide business cooperation between Greek Cypriot and Turkish Cypriot entrepreneurs by giving promising ventures the funding boost they need to grow. Applications for this year focus exclusively on Greek Cypriots and Turkish Cypriots' business activity and, can be submitted until March 31....

1196. Cablenet, reports Double-Digit Growth for 2021

During 2021 revenue reached €53.5M, a healthy 14% growth over 2020. This double-digit growth in revenue was driven, largely by the significant growth in the overall Subscriber base, which recorded a 30% increase over the previous year. ...

1197. Op-ed: Fertilizer inflation presages a global food supply crisis

We know that the war in Ukraine has led to sharp increases in prices for both food and fuel. This in turn has sparked concern that we may see a repeat of the famine and food riots that took place in 22 countries in the years following the global financial crisis, caused by a perfect storm of rising commodities prices....

1198. WHO is examining potential hearing problems linked to Covid vaccines

The World Health Organization is examining rare reports of hearing loss and other auditory issues following Covid-19 vaccinations....

1199. President: 'Deputy Ministry of Culture is an important step for a complete cultural policy'

The creation of a Deputy Ministry of Culture is an important step in the right direction for a complete, integrated cultural policy in Cyprus, said President of the Republic Nicos Anastasiades....

1200. 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....