https://knews.kathimerini.com.cy/en/business/combatting-money-laundering-insights-from-katerina-sikioti-charalambaki
Money laundering poses a significant threat to the EU's economy and society, with organized crime generating revenues of at least €139 billion annually, as emphasized by Katerina Sikioti Charalambaki, a professor and lawyer at the High Court of Justice....
https://knews.kathimerini.com.cy/en/news/eac-chairman-george-petrou-dives-into-energy-storage-advancements
George Petrou, the newly appointed chairman of the Electricity Authority of Cyprus (EAC), faces a daunting task as he takes the helm during a turbulent......
https://knews.kathimerini.com.cy/en/news/u-s-military-hails-cyprus-cooperation-in-gaza-aid-delivery
U.S. military personnel expressed gratitude to Cyprus for its role in facilitating the delivery of humanitarian aid to Gaza via sea. Senior defense and Biden administration officials provided details on Thursday about the construction of a temporary pier off Gaza's coast, set to be completed by early May....
https://knews.kathimerini.com.cy/en/news/countdown-for-potential-israeli-strike-on-iran-heightens-tensions
Israel is gearing up for a potential strike against Iran, with its air force on full alert for retaliation....
https://knews.kathimerini.com.cy/en/news/cyprus-suspends-asylum-applications-from-syrian-migrants
The Republic of Cyprus has decided to halt the processing of all asylum applications from Syrian migrants, citing provisions within European frameworks for handling increased and emergency migration flows....
https://knews.kathimerini.com.cy/en/news/uae-pledges-$15-million-for-cyprus-gaza-maritime-aid
The United Arab Emirates announced the allocation of USD 15 million in support of the ''Amalthea Fund,'' which the Republic of Cyprus announced to support the maritime corridor initiative between Cyprus and the Gaza Strip....
https://knews.kathimerini.com.cy/en/news/eu-parliament-votes-for-clearer-labels-on-breakfast-foods
In a move aimed at empowering consumers and promoting healthier choices, the European Parliament has greenlit updated regulations governing breakfast staples such as honey, fruit juice, jam, and marmalades....
https://knews.kathimerini.com.cy/en/news/cyprus-fire-service-policy-sparks-concerns-among-lawmakers
The recent implementation of a new policy by the Fire Service of Cyprus regarding premises control has ignited discussions within the Parliamentary Committee on Energy, Commerce, Industry, and Tourism. ...
https://knews.kathimerini.com.cy/en/news/2-540-ukrainian-refugees-denied-protection
About 2,540 Ukrainian refugees have been suspended from temporary protection in the Netherlands since March 4, 2024. They are now forced to seek safety in the country or leave.
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https://knews.kathimerini.com.cy/en/news/russian-oil-payments-delayed-amid-sanctions-scrutiny
Russian oil companies are facing significant delays in receiving payments for crude and fuel as banks in China, Turkey, and the United Arab Emirates (UAE) exercise increased caution over potential U.S. secondary sanctions, according to eight sources familiar with the matter....
https://knews.kathimerini.com.cy/en/news/finance-ministry-to-shield-vulnerable-homes-from-price-hikes
The forthcoming measures are set to target specific areas, not just spread thinly across the board, in the fight against rising prices....
https://knews.kathimerini.com.cy/en/news/thanasis-death-inquiry-reaches-boiling-point-with-third-interrogation
After a series of intricate legal proceedings, including testimonies from the Legal Service and family attorneys, the complex investigation into the death of 26-year-old soldier Thanasis Nicolaou is nearing its conclusion. ...
https://knews.kathimerini.com.cy/en/news/alleged-accomplice-arrested-in-€7-8m-money-laundering-case
Authorities in Cyprus have identified a potential accomplice in the high-profile money laundering case involving a 31-year-old Ukrainian woman. The woman,...
https://knews.kathimerini.com.cy/en/news/zero-emission-buildings-by-2030
In a bid to combat climate change, the European Parliament has approved a plan to make buildings more energy-efficient and eco-friendly. The revised Energy Performance of Buildings Directive,...
https://knews.kathimerini.com.cy/en/business/pillar-two-readiness-and-technology
As per our previous publications and alerts, we had the opportunity to communicate a significant development - the introduction of BEPS 2.0 Pillar Two or Global Minimum Tax. The European Union unanimously adopted a directive in December 2022 (the ''Minimum Tax Directive''). ...
https://knews.kathimerini.com.cy/en/news/european-parliament-honors-navalny-amidst-food-inflation
The European Parliament will commemorate the life of Russian activist Alexei Navalny, featuring an address by his wife, Yulia Navalnaya, in its plenary session this week in Strasbourg......
https://knews.kathimerini.com.cy/en/news/cyprus-banks-push-for-green-standards-with-esg-certification
Artemis Credit Bureau, a subsidiary of the Association of Cyprus Banks, announced it will launch an interbank project for the corporate certification on ESG (Environmental – Social – Governance) criteria.
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https://knews.kathimerini.com.cy/en/news/cyprus-adopts-pay-as-you-throw-system-to-tackle-surging-municipal-waste
The Statistical Service of Cyprus reveals a 5% surge in municipal solid waste, reaching 615,000 tonnes in 2022. Per capita waste generation stands at 673 kg, ranking Cyprus the 5th highest in the EU. With 77.5% disposed of in landfills, the nation is gearing up for a "Pay as You Throw" (PAYT) system....
https://knews.kathimerini.com.cy/en/news/banks-urged-to-accelerate-loan-restructurings
The governor of the Central Bank has shed light on the strategy for restructuring Non-Performing Loans (NPLs) and navigating credit risk management....
https://knews.kathimerini.com.cy/en/business/4-february-newsletter-of-k-treppides-co-ltd-cysec
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...
https://knews.kathimerini.com.cy/en/news/cyprus-to-roll-out-10-second-euro-transfers-across-banks
Over the next 18 months, Cyprus is poised to revolutionize money transfers, promising seamless transactions within 10 seconds from bank to bank....
https://knews.kathimerini.com.cy/en/news/parliament-passes-law-to-remove-property-restrictions-in-occupied-areas
In a unanimous decision, the Plenary Session of the Greek Parliament passed a law abolishing the right of encumbrance of ''memorandum'' on properties held by banks and credit acquisition companies, located in the occupied territories. ...
https://knews.kathimerini.com.cy/en/news/spain-urges-morocco-to-stem-transit-asylum-claims-amidst-rising-numbers
The Spanish government has formally requested Morocco's cooperation in preventing Senegalese passport holders, lacking a Schengen visa in the past two years, from boarding flights with layovers in Spain until February 19.
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https://knews.kathimerini.com.cy/en/news/cypriot-farmers-protests-send-ripples-across-europe
The surge of farmers' fury has reverberated in a manner unprecedented for Brussels, the nerve center of European decision-making....
https://knews.kathimerini.com.cy/en/news/government-raises-minimum-wage-to-€1000-boosting-income-for-25-000-workers
In a move aimed at bolstering the income of low-wage earners, the Ministry of Labour and Social Insurance has announced a significant rise in the National Minimum Wage, effective this January....
https://knews.kathimerini.com.cy/en/news/ministry-directs-immediate-compensation-for-potato-producers
Following the recent onslaught of hailstorms and heavy rains wreaking havoc on potato farms in the free Famagusta district, Minister of Agriculture, Rural Development......
https://knews.kathimerini.com.cy/en/news/un-court-slams-israel-ordered-to-halt-genocide-in-gaza
In a landmark ruling, the United Nations' international court of justice has directed Israel to take immediate action to prevent acts of genocide against Palestinians in Gaza....
https://knews.kathimerini.com.cy/en/news/alphamega-riots-amplify-football-strife
The management of violence in stadiums hinges on the outcomes of the upcoming extraordinary CFA meeting this Friday, prompted by the recent turmoil at ''Alphamega''....
https://knews.kathimerini.com.cy/en/business/deal-in-the-works-for-cnp-cyprus
The subsidiary of the French insurance giant CNP Assurances, CNP Cyprus Insurance Holdings, is currently in discussions for a potential change in ownership. ...
https://knews.kathimerini.com.cy/en/business/cyprus-secures-€40m-boost-for-green-energy-storage
The Republic of Cyprus has secured €40 million from the Just Transition Fund for energy storage facilities, addressing the inflexibility of its electricity system in storing excess energy from renewables....
