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451. Masks still mandatory in indoor spaces in Cyprus, including airports

The use of a mask to protect against the spread of COVID-19 is still mandatory in all indoor and closed areas, the Ministry of Health said Monday....

452. Labor inspections island-wide during the month of May

The Ministry of Labor, Welfare and Social Insurance will be carrying out spot inspections island-wide in May at leisure centers and cafes to combat undeclared labor and to ensure that businesses are complying with basic labor laws, the Ministry announced....

453. Minister announces the end of Safepass

The Minister of Health announced this morning the additional easing of measures, one of which includes the abolition of the requirement to present a Safepass in additional venues....

454. Op-ed: ESG, DEI and other acronyms and why we need to know about them IMHO*

Quite a few times I found myself receiving messages and having to pause and google search an acronym to understand its meaning. I’m sure I’m not alone, and it’s surely not just a Gen X symptom....

455. Cyprus' RCB Bank and its Kremlin ties

On March 24, Cyprus’s fourth-largest bank announced it would wind down its banking operations in the wake of the “volatile geopolitical situation” caused by Russia’s invasion of Ukraine a month earlier....

456. 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)....

457. EY Survey: Growing sustainability risks put pressure on law departments

Law departments around the world are facing a rising tide of risks relating to sustainability, but they do not feel that business leadership fully understands the implications, and they require additional resources to manage them effectively, according to a new study from EY Law and the Harvard Law School Center on the Legal Profession....

458. 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). ...

459. 'The Cypriot economy must be diversified'

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities on March 11–28, 2022 to discuss recent economic developments and policy priorities....

460. No more masks outdoors and an end to Safe Pass

The Cabinet of Ministers adjourned at noon today, but not before approving a set of new relaxed covid measures put forth by the Scientific Advisory Committee after yesterday's assessment and meeting with the Minister of Health Michalis Hadjipandelas....

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

462. Wargaming ceases operations in Russia and Belarus

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

463. Credit Suisse in the hot seat for telling its clients to shred evidence

Just weeks after Credit Suisse was caught telling clients to shred evidence of its loans to Russian oligarchs, the embattled investment bank has decided to pull out of the country....

464. 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....

465. Omicron, cold weather and fatigue causing outbreak in COVID cases

The Omicron sub-variant, weather conditions and growing fatigue are some of the reasons behind the rise in positive cases in Cyprus, says Dr. Zoe-Dorothea Pana, a member of the Advisory Scientific Committee and Lecturer in Paediatrics at the European University of Cyprus....

466. Op-ed: 'Only a leap in consciousness will end human slavery'

With the number of women and children fleeing the war in Ukraine, experts say that many of them may become victims of trafficking given their vulnerability. This article is even more relevant today and attempts to present the attitudes that have enabled human slavery throughout history, and the solution to eradicate this crime across the globe....

467. K. Treppides & Co Ltd - Cryptocurrencies: Forex Companies trading in cryptocurrencies as underlying asset. How to apply.

Derivatives on virtual currencies / cryptocurrencies, such as contracts for differences (CFDs), options and futures, can qualify as financial instruments under MiFID II. Subsequently, the provision of investment services in relation to financial instruments with cryptocurrencies as underlying asset in and/or from Cyprus, requires specific authorisation by the Cyprus Securities and Exchange Commission (CySEC)....

468. Ministry of Labor cracks down on undeclared labor

Targeted inspections in the construction sector will now be conducted by the Ministery of Labor, Welfare and Social Insurance beginning in March in an effort to clamp down on undeclared labor. ...

469. Greece halts seismic surveys off Corfu over whale strandings

Greece’s Environment and Energy Ministry ordered a temporary stop to seismic surveys in the northern Ionian amid concerns that the activity is responsible for the recent stranding of three Cuvier’s beaked whales in shallow waters on the coast of the island of Corfu....

470. Historic leak of Swiss banking records reveals unsavory clients

Despite two decades of pledges by Credit Suisse to crack down on illegitimate funds, data leaked from the bank reveals that it catered to dozens of criminals, dictators, intelligence officials, sanctioned parties and political actors with outsized wealth....

471. Relaxation of measures to begin next week

New covid measures have been announced today following the meeting of the Minister of Health and the Scientific Advisory Committee this morning. ...

472. Traffic cams record over 30,000 violations

Citations for moving violations recorded by traffic cams from the 1st of January will be processed and sent out to drivers beginning today....

473. 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....

474. Austria passes Covid vaccine mandate

Austria has become the first country in the EU to make vaccinations against Covid-19 mandatory for all adults, but questions remain over whether it can sway those skeptical of taking the jab and how much the Alpine state’s government is willing to press those who won’t comply....

475. Op-ed: It’s not the pipeline, stupid!

In 1992, the Clinton campaign adopted the tagline “It’s the economy, stupid” to identify the candidate’s signature issue....

476. Ersin Tatar positive for the coronavirus

In a post on social media, the leader of the Turkish Cypriot community confirmed that he has COVID-19....

477. Flying car cleared for takeoff, but you'll need a pilot's license (video)

A car that can transform into a small aircraft has passed flights tests with flying colors in Slovakia, developers say....

478. MONEYVAL: Cyprus makes some progress in the fight against money laundering

Cyprus has made some progress in the fight against money laundering and terrorist financing by partially complying with recommendations set out by the Financial Action Task Force (FATF), according to a report by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism - MONEYVAL....

479. Pandemic: Parents, children, school, take note: X (absence)

480. 'The pandemic concerns everyone', said Health Minister as new measures announced

"The pandemic concerns everyone and with more than three thousand cases per day in our small population, it means COVID is threatening each and every one of us", said Health Minister Michalis Hadjipantela announcing the new measures decided upon in an extraordinary session of the cabinet on Wednesday evening....