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871. 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....

872. Neighbours criticise Turkey-Libya deal

The foreign ministry of the Republic of Cyprus has condemned the signing of an agreement on maritime boundaries between Turkey and Libya, calling it a “serious violation” of international law...

873. GoGordian, the new player in property investment

874. President stresses political determination ahead of Berlin

President of Cyprus Nicos Anastasiades stressed on Friday his determination and political will to attend a meeting in Berlin, later this month, with UN Secretary-General Antonio Guterres and Turkish Cypriot leader Mustafa Akinci, in a positive and creative spirit, aiming to conclude the terms of reference “whatever the Turkish intentions are.”...

875. Activists step in to rescue trapped birds

A video showing the rescue of illegally trapped songbirds in Cyprus has been posted on Facebook by a group of activists, in an effort to raise awareness amongst the general public...

876. Cops build case following vice raid

A married couple has been remanded in custody in connection with their involvement in an illicit massage parlour business where foreign women worked part-time offering erotic services to male clients including handjobs...

877. 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...

878. Turkey criticized over Syria offensive during EP debate

Turkey was heavily criticized on Wednesday for its military operation in north-east Syria, during a debate at the European Parliament plenary, in Strasbourg, while a relevant resolution is expected to be adopted on Thursday....

879. EU lawmakers reject Turkey's 'safe zone' in Syria, eye sanctions steps

European Union lawmakers on Wednesday condemned Turkey’s offensive to carve out a “safe zone” in northeast Syria and prepared the way for new EU financial sanctions against Ankara....

880. Brexit deal agreed as EU summit begins

Britain clinched a last-minute Brexit deal with the European Union on Thursday, but still faced a challenge in getting it approved by parliament...

881. Greek golden visa system in a bind

Greece’s Golden Visa program, offering five-year residence permits to non-European Union citizens who invest at least 250,000 euros in local property, appears to have become a victim of its own success...

882. 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...

883. Smoke scare on flight out of Cyprus

Passengers on a flight from Larnaca to London had to spend the night in Athens after their British Airways flight had to make an emergency landing due to a smoke warning in the cabin...

884. Mitsotakis in New York – opportunities, substance, results

This week will see the first appearance of Prime Minister Kyriakos Mitsotakis at the United Nations General Assembly. He will make the customary speech before the plenary and be received by the UN secretary-general. However, the substance will be in the meetings that are to take place on the sidelines of the proceedings. ...

885. 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. ...

886. Cypriot priest yells at wedding guest

A video of a church wedding in Cyprus has gone viral, showing a male guest getting yelled at by the priest during the Dance of Isaiah portion of the ceremony...

887. Cyprus hotels to take a €60 million hit as thousands stranded by Thomas Cook collapse

Officials at the Deputy Ministry of Tourism are scrambling to ascertain the impact of the collapse of Thomas Cook on the Cypriot hotel industry. ...

888. Thomas Cook goes bust

The world’s oldest travel firm Thomas Cook collapsed on Monday, leaving hundreds of thousands of holidaymakers stranded around the world including Cyprus ...

889. Britain's Thomas Cook scrambles for £200 million to avert collapse

Britain’s Thomas Cook needs to find an extra 200 million pounds to satisfy its lenders or one of the world’s oldest holiday company risks collapse, potentially stranding thousands of holidaymakers across Europe. ...

890. Turkey disregards international law says Cyprus MFA

In response to the Statement of the Spokesperson of the Ministry of Foreign Affairs of Turkey (19/09/2019) concerning the hydrocarbon–related activities of the Republic of Cyprus in its exclusive economic zone (EEZ) /continental shelf, the Ministry of Foreign Affairs of the Republic of Cyprus notes: ...

891. Activists chased in the dead of night

A group of activists against illegal bird trapping, who took matters into their own hands when they tried to disrupt an unlawful operation in Famagusta, uploaded a video showing they were being chased by local poachers in the dead of night...

892. Two women busted in prostitution sting

Two foreign women arrested in an undercover prostitution sting in Larnaca are facing charges of illegal gains while also being charged with violating immigration rules...

893. German giant acquires Foody

Cypriot startup Foody has been acquired by a German food delivery giant in a friendly takeover reaching dozens of countries all over the world...

894. Brexit no-deal preparedness: Final Commission call to all EU citizens and businesses

With 8 weeks to go until the United Kingdom's withdrawal from the European Union on 31 October 2019, the Commission has today – in its 6th Brexit preparedness Communication – reiterated its call on all stakeholders in the EU27 to prepare for a ‘no-deal' scenario. In light of the continued uncertainty in the United Kingdom regarding the ratification of the Withdrawal Agreement – as agreed with the UK government in November 2018 – and the overall domestic political situation, a ‘no-deal' scenario on 1 November 2019, remains a possible, although undesirable, outcome...

895. Woman still wanted in Larnaca travel scam

Police are asking members of the public to help locate a Larnaca woman who is wanted in connection with a suspected travel scam...

896. Passport holder vindicated after months in jail

A French citizen who spent four months in jail awating trial after being accused of using a fake passport was vindicated on Monday, after a judge said a reasonable suspicion against him was not warranted...

897. British Airways flights disrupted by IT failures

Problems with British Airways’ IT systems left thousands of passengers facing flight cancellations, delays and long queues at airports in the airline’s third major computer failure in a little more than two years. ...

898. Exceeding expectations

In the eight months of its operation, Nicosia Mall has surpassed expectations. Following the triumphant opening in November 2018 and the resounding welcome by consumers, the capital’s newest shopping mall has been steadily and assuredly pulling in crowds and converting them into devoted customers. The outstanding traffic as well as the levels of satisfaction and observed visitor loyalty, which are examined on a quarterly basis through surveys, are a testament that a thoughtfully planned retail destination and a customer centric approach can yield success. Most importantly, the data available foretells a bright future ahead...

899. Britain's LSE seals $27 billion Refinitiv deal to create data giant

London Stock Exchange has agreed to buy financial information business Refinitiv in a $27 billion deal, it said on Thursday, in a move to transform the British company into a market data and analytics giant. ...

900. Carbo One and Cyprus NOC presented their partnership in the run-up to the Olympics

Carbo One Limited has joined the sponsorship family of the Cyprus National Olympic Committee, in the category of Major Sponsor, as announced by the Cyprus NOC on Monday, 29 July 2019, during an event at the Olympic House in Nicosia. The collaboration of the NOC with Carbo One, one of the largest companies in Cyprus, is an important step forward for the Committee in achieving its goals in the pre-Olympic year we are currently going through. ...