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91. 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. ...

92. 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....

93. 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....

94. 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. ...

95. 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....

96. 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. ...

97. 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. ...

98. 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....

99. 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....

100. 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......

101. 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....

102. 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''....

103. 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. ...

104. 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....

105. Companies spared fines for real beneficiaries registry

In light of recent reports, the Department of Companies and Intellectual Property (DCIP) in Cyprus provides updates on the implementation of Law 188(I)/2007 addressing the Prevention and Combating of Money Laundering....

106. Companies grapple with soaring fines amidst regulatory confusion

There's a significant issue with hefty fines hitting companies hard – we're talking about a daily hit of €100. The crux of the matter lies in a bureaucratic mix-up regarding the accurate records of company ownership, managed by the Company Registrar....

107. 2024 court documents to expose Epstein's associates and victims

In a significant development tied to the legal aftermath of the Jeffrey Epstein case, court documents containing the names of over 170 high-profile associates and victims are slated to be unsealed at the commencement of 2024....

108. Erdogan instructs Tatar: ''Maintain silence on Cyprus issue until elections''

In a recent meeting between Erdogan and Turkish Cypriot leader Ersin Tatar and Unal Ustel, an order was issued to ''all nationalist groups in the 'TRNC' that speak about the Cyprus problem and especially Ersin Tatar...

109. Authorities probe infant abuse by unlicensed childcare worker

110. Illegal land alterations spark legal action in Akamas

In a significant development, reports of wrongdoing by 20 owners of agricultural/land properties in the Akamas region have been forwarded to the General Prosecutor's Office....

111. Deloitte Cyprus CEO on 65 years, challenges, and future strategies

Deloitte Cyprus celebrates 65 years of presence on the island, playing a major role in the financial affairs of the state....

112. Ministry reverts VAT refund amount to €50

The Ministry of Finance's new circular set to change in 2024, altering the decision that foresaw an increase in the minimum expenditure from €50 to €175. ...

113. Urgent measures taken after a series of fires on buses

According to the commitment of the Ministry of Transport and the owners of the 570 immobilized buses, a return to normality is expected early this week....

114. Banks fail Menendez's quiz on $4 billion consumer paybacks

In a fiery congressional hearing on Wednesday, Senator Bob Menendez targeted Wall Street's top executives, putting them in the hot seat with a pop quiz on their firms' financial misdeeds....

115. 570 buses grounded after Aglantzia blaze

The incident last Friday (01/12), where a fire broke out in the school bus engine in Aglantzia, prompted the Ministry of Transport and stakeholders to hold meetings over the weekend....

116. Critical student bus routes axed due to safety directive

In a directive, the Ministry of Transport, Communications, and Works has announced that starting Monday, December 4, 2023, buses lacking a specific automatic engine fire extinguishing system are prohibited from operating routes....

117. EY Cyprus redefines corporate reporting landscape at 3rd annual insights event

EY Cyprus organised its 3rd Annual Corporate Reporting Insights event titled ‘Connectivity: Reforming Corporate Reporting.’ ...

118. DAC6 revisited through the prism of DAC8

The Directive on Administration Cooperation (''DAC'') has been amended multiple times since 2011 to allow for the automatic exchange of information across multiple fields of taxation....

119. Producers and importers join forces to tackle tobacco product waste

Producers and importers of tobacco products with filters have embarked on a significant environmental initiative, aligning themselves with the European Directive 2019/904/EU....

120. Authorities on alert as 264 migrant arrivals spike in Cyprus

According to sources from the Ministry of Foreign Affairs, 40 individuals arrived on Saturday, followed by 224 on Sunday, in two separate boats carrying 142 and 82 people....