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1681. MPs stalling Jiu Jitsu cash rebate

A cheque for €8.5 million to pay for Jiu Jitsu, a film starring Nicolas Cage, is being held up in the Cypriot parliament as opposition parties are blocking the cash rebate and asking questions...

1682. Russian driver faces manslaughter

A Russian driver facing manslaughter charges following a fatal highway accident has been ordered to stand trial following a review of the case by the Legal Department...

1683. K. Treppides & Co Ltd: Family offices and Succession Planning for the Next Generation

The expansion of the family office sector has increased exponentially since the millennium. For most family offices, the greatest challenge to overcome is the successful transfer of the family structure to the next generation....

1684. Spy van owner fires back at police

The CEO of WiSpear, the high-tech company caught in a media storm for owning the confiscated “spy van” in Cyprus, says local police have not done much to dispel false rumours...

1685. Attorney general weighs in on spy van

The attorney general of the Republic of Cyprus has appointed a special investigator in the “spy van” case, while the Israeli company that sells controversial surveillance vehicles is calling on authorities to investigate what it calls a “false accusations” campaign...

1686. GoGordian, the new player in property investment

1687. Greece caught in US-China conflict on 5G

The development of 5G networks in Greece has been caught in the crossfire of the US-China trade war, with pressure growing on the Greek side...

1688. Shuttle buses go up in flames

Eight buses were destroyed in a fire on Monday in Larnaca with authorities pointing to arson based on early indications...

1689. WiSpear says it never spied on Cypriots

The company linked to an Israeli spy van in Cyprus has weighed in on media speculation following reports that it was spying illegally all over the island...

1690. Residents furious over phone jamming tests

Residents near Central Prisons in Nicosia got some answers over the lack of phone signals in their neighbourhood over the weekend, with officials pointing to a cell phone jammer that was simply too strong...

1691. Cypriot police vague over spy van

New information has emerged about a controversial spy van in Cyprus, with reports suggesting police may have known about its special capabilities in advance...

1692. Italgas to enter Greek market

Italy’s biggest natural gas distribution company, Italgas, is on the verge of entering the Greek market. Kathimerini understands that Europe’s third largest gas distributor is very close to reaching an agreement with fellow Italian Eni Gas e Luce for the acquisition of the latter’s portfolio in the Greek gas grid....

1693. Questions raised over spy van in Cyprus

An unbelievably expensive van roaming Cypriot streets and packing spy technology worth millions has prompted Akel opposition leader to seek answers from the government, citing privacy laws and concerns...

1694. Six countries attend “Nemesis 2019” multinational exercise in Cyprus’ EEZ

Six countries participated on Wednesday in “Nemesis 2019”, a multinational Search & Rescue exercise, which was held in the exclusive economic zone (EEZ) of the Republic of Cyprus, under the general coordination of the Joint Rescue Coordination Center....

1695. «Growth momentum moderates» in Cyprus according to Εuropean Commission Autumn Economic Forecast

"Growth momentum moderates" in Cyprus, according to the headline assessment of the European Commission`s Autumn Economic Forecast for the country, presented today by Commissioner Moscovici in Brussels....

1696. ExxonMobil’s Vice President briefs Ministers in Cyprus on the company’s appraisal plan for Block 10

ExxonMobil’s Vice President Don Bagley has discussed with Ministers in Cyprus, the company’s plan for an appraisal drilling for “Glaucus” gas deposit in Block 10 of Cyprus Exclusive Economic Zone (EEZ), during a visit in Nicosia where he spoke to the 15th Cyprus Summit/ Economist Conference....

1697. Property Gallery Announces Partnerships with Local Sports Teams

In its ongoing efforts to make positive contributions to the local community, leading Limassol property developer, Property Gallery, is proud to announce that it has signed on to sponsor two local sports teams...

1698. Anti-Money Laundering and Terrorist Financing Preventing Framework: Legislation Gaps

Over the last years, the EU has developed a solid regulatory framework for preventing money laundering and terrorist financing. However, these rules are not always able to capture the growing technological developments and potential gaps that can be exploited by criminals...

1699. Cambodia’s elite exposed through Cyprus

Golden visas are back in the news following reports that members of the Cambodian elite received or applied for Cypriot passports, with Reuters raising questions over the citizenship by investment programme...

1700. Bicycle route prank still a mystery

There were still no clear answers over an apparent prank in Limassol where a private company allegedly grabbed some paint and clumsily drew bicycle routes that could be dangerous and illegal...

1701. Financial Services towards Artificial Intelligence and Machine Learning

Artificial Intelligence in general and machine learning in particular, is not a new concept, but it is only in recent years that financial services firms have started to learn about and understand its full potential...

1702. Cyprus stocking up on drones

The Cyprus National Guard is said to have received its first four unmanned drones from Israel, allowing state agencies to obtain clear views from high above over land and water...

1703. Woman slams Cyprus after mom’s death

A petition online is calling on insurance companies to recognize the north as a legal entity, following a British woman’s death in Cyprus and her daughter’s ordeal trying to cut through red tape between the two divided communities...

1704. Thomas Cook flight out of Cyprus gets emotional

Things got emotional on a Larnaca-Bristol flight last week when passengers, who had been left stranded in Cyprus, passed the collection plate in a “bloody generous” whip-round for the flight attendants...

1705. President flies back amid criticism

The president of the Republic of Cyprus flew back to Larnaca on Monday following a private plane incident in New York, while political opponents are seeking clarification over his travel arrangements...

1706. K.Treppides & Co Ltd: Time Value of Money

What if a close friend asks today to borrow 1,000EUR with the precondition to repay the exact same amount in five years? Would you take the deal or not?...

1707. USA blacklists oil company in Cyprus

An oil company registered in Cyprus has been blacklisted by US officials who blocked a total of four vessels for transporting Venezuelan oil to Cuba...

1708. Trump impeachment inquiry begins

Democrats in the U.S. House of Representatives on Tuesday launched a formal impeachment inquiry into President Donald Trump, accusing him of seeking foreign help to smear Democratic rival Joe Biden ahead of next year’s election...

1709. Thomas Cook crash is dry run for Brexit failures

Social historians will mourn the demise of the world’s oldest travel company, founded by a Baptist carpenter in northern England in 1841; their corporate counterparts will not. With more than 500 high street outlets, Thomas Cook demonstrated a stunning inability to adapt to changing travel habits. The rise of budget airlines and disruptors like Airbnb combined with the weak pound and the unusually hot summer of 2018 to kill off the company which had suffered a near-death experience in 2011. ...

1710. Giuliani implicates Cyprus in Biden claim

President Trump’s personal attorney Rudy Giuliani has implicated Cyprus in Ukrainian money laundering assertions he has made regarding Joe Biden’s son Hunter...