https://knews.kathimerini.com.cy/en/business/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. ...
https://knews.kathimerini.com.cy/en/news/fozen-russian-reserves-should-be-used-to-rebuild-ukraine
EU capitals should consider seizing frozen Russian foreign exchange reserves to cover the costs of rebuilding Ukraine after the war, the bloc’s top diplomat has said, as the west debates how to force Moscow to pay for some of the damage the conflict has caused....
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/op-ed-inflation-welcomes-generation-z
Inflation is the rate at which prices rise, which means that we need more money to buy the same product or service. Consequently, if your salary stays the same, then your purchasing power will decrease, as you will be able to buy fewer goods and services....
https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/business/wargaming-ceases-operations-in-russia-and-belarus
Wargaming has decided that it will not maintain or operate any business in Russia or Belarus....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/turkey-urged-to-pay-compensation-to-relatives-of-greek-cypriots-who-disappeared-during-invasion
The Council of Europe’s Committee of Ministers has urged Turkish authorities to abide by their international obligations and pay the “just satisfaction” awarded by the European Court of Human Rights to relatives of nine Greek Cypriots who disappeared during Turkey’s military invasion of Cyprus in 1974....
https://knews.kathimerini.com.cy/en/business/alexis-pantazis-and-emilios-markou-of-hellas-direct-have-been-named-ey-entrepreneurs-of-the-year-for-2022-in-cyprus
This prestigious award for entrepreneurs was presented for the first time in Cyprus. Winners will represent Cyprus at the EY World Entrepreneur Of The Year™ Awards in Monte Carlo, in June 2022
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https://knews.kathimerini.com.cy/en/news/who-is-dr-robert-malone-and-what-is-the-controversy-surrounding-his-statements-on-mrna-vaccines
Robert Malone, the self-proclaimed inventor of mRNA vaccines and a skeptic of the COVID-19 vaccines that use mRNA technology, has skyrocketed to celebrity status in recent months....
https://knews.kathimerini.com.cy/en/news/hoyle-highlights-strong-cyprus-uk-friendship-while-mp-s-call-for-support-on-various-issues
The United Kingdom fully supports Cyprus, the Speaker of the House of Commons Sir Lindsay Hoyle told the Foreign and European Affairs Committee of the House of Representatives on Tuesday....
https://knews.kathimerini.com.cy/en/news/op-ed-the-case-of-the-british-woman-raped-in-ayia-napa-showed-a-deeply-sexist-society
On the occasion of the acquittal of the young Brit on charges of public mischief announced by the Supreme Court of Cyprus last Monday 31/1, we spoke with Dr. Christina Kailis from the Mediterranean Institute for Gender Studies about the decision, the legal components and the steps that still need to be taken to properly deal with complaints such as rape.
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https://knews.kathimerini.com.cy/en/business/credit-suisse-faces-money-laundering-charges-in-bulgarian-cocaine-traffickers-trial
Credit Suisse faced charges in a Swiss court on Monday for allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of it stuffed into suitcases....
https://knews.kathimerini.com.cy/en/news/nicosia-general-hospital-is-not-understaffed
The current situation in the intensive care unit (ICU) of the Nicosia general hospital treating patients with coronavirus is not due to understaffing but because of staff absences due to Covid-19, spokesperson of the state health services organization (SHSO) Charalambos Charilaou told CNA on Monday....
https://knews.kathimerini.com.cy/en/news/israel-sets-deadline-in-gas-dispute-with-cyprus
Israeli Energy Minister Karine Elharrar has told companies in her country they have until next month to settle a gas dispute with Cyprus, otherwise the states will step in to put an end to the prolonged discussion between the two neighbors...
https://knews.kathimerini.com.cy/en/news/greek-cypriots-see-trojan-horse-in-ghost-town
Greek Cypriot officials in the south are calling once again on Varosha title deed holders to stay away from a “legal trap” in the north, pointing to Ottoman religious foundations officially acknowledged as interested parties by a commission that examines property claims in the divided island’s ghost town...
https://knews.kathimerini.com.cy/en/news/attiki-odos-sees-compensation-for-3-500-snowbound-motorists
An estimated 3,500 motorists are expected to receive compensation in the form of payments of 2,000 euros after they were left stranded for hours in sub-zero temperatures on the Attiki Odos beltway when a severe snowstorm hit the Greek capital Monday....
https://knews.kathimerini.com.cy/en/news/2-000-euros-for-every-motorist-trapped-on-attiki-odos
Attiki Odos SA, the company managing the Greek capital’s biggest ring road, has said that it will be compensating thousands of toll-paying motorists who became trapped on the highway in their cars and trucks during Monday’s blizzard....
https://knews.kathimerini.com.cy/en/business/employers-must-pay-at-least-28-euros-per-month-to-teleworking-employees-in-greece
Employers will have to pay a minimum compensation of 28 euros per month to each of their employees who are teleworking,...
https://knews.kathimerini.com.cy/en/life/psychic-lawsuit
An American man has filed a lawsuit against a psychic who promised him that she could remove a curse on his marriage put there by a witch hired by his ex-partner....
https://knews.kathimerini.com.cy/en/comment/opinion/cheating-never-gets-one-far
Employment relations in the 21st Century are governed by multiple layers of institutional regulation that have evolved historically during the previous centuries....
https://knews.kathimerini.com.cy/en/news/jiu-jitsu-producers-file-new-lawsuit
The producers and director of the film Jiu Jitsu are suing the Republic of Cyprus, the Auditor General, the Cyprus Investment Promotion Agency and a television station for compensation in excess of 30 million euros...
https://knews.kathimerini.com.cy/en/news/loizidou-case-still-open-as-others-settle
The conclusion of a meeting by the Committee of Ministers keeps the Loizidou case open for oversight, while other cases are closed due to amicable settlement between Greek Cypriot private citizens and Turkey...
https://knews.kathimerini.com.cy/en/news/massive-forest-fire-ravages-greek-island
Firefighters and residents battled into the night Monday for a seventh day against a massive fire on Greece’s second-largest island as the nation endured what the prime minister described as 'a natural disaster of unprecedented proportions'...
https://knews.kathimerini.com.cy/en/news/north-soon-to-establish-varosha-czar
An international conference on Varosha is in the works according to Turkish President Recep Tayyip Erdogan, who accused European officials of turning their backs on Turkish Cypriots and further insisted that any steps on Cyprus’ ghost town will be 'in accordance with the law'...
https://knews.kathimerini.com.cy/en/news/putin-wants-un-guarantees-for-cyprus
Russian President Vladimir Putin says breaches of UN resolutions on Cyprus are 'inadmissible' in a letter response to his Cypriot counterpart, adding that Moscow backs a federation-based settlement and calls for all permanent members of the Security Council to take on guarantees for the island...
https://knews.kathimerini.com.cy/en/news/cypriot-president-points-finger-at-uk-and-un
Cypriot President Nicos Anastasiades says “Erdogan’s audacity” has been fueled by Great Britain and the UN’s special envoy to Cyprus, with the Greek Cypriot leader suggesting during an interview this week that a veto on the EU’s positive agenda with Ankara has not been ruled out...
https://knews.kathimerini.com.cy/en/news/eu-warns-ankara-over-varosha
The European Union has warned Turkey it will “consider actions” if there is no reversal on a plan by Ankara-backed Turkish Cypriots to partially reopen the abandoned town of Varosha...
https://knews.kathimerini.com.cy/en/news/nicosia-okay-with-latest-unsc-draft-on-varosha
Nicosia appeared to be at ease on Thursday night after a draft statement on Varosha, expected to be adopted by UN Security Council members on Friday afternoon, was said to 'condemn' recent announcements by Turkish and Turkish Cypriot leaders regarding the island’s ghost town...
https://knews.kathimerini.com.cy/en/news/cyprus-wants-strong-unsc-response-on-varosha
The UN Security Council is scheduled to tackle Varosha on Thursday, after the Republic of Cyprus requested closed consultations to take place following a Turkish Cypriot announcement to reopen part of the ghost town in the north, a move heavily criticized by Greek Cypriots in the south...
