Search

1831. Exness partners with Reflect Festival as key supporter

Limassol based multi-asset broker Exness, a continuous supporter of local and global events that promote technology and innovation, has announced its active support of the Reflect Festival, taking place on October 14, 15 & 16, in Limassol. The Reflect Festival is a future-focused event that puts Cyprus on the map of technology and innovation. ...

1832. The City of London Is Hiding the World’s Stolen Money

In 1969, two years after the Cayman Islands, a British territory, passed its first law to allow secretive offshore trusts, an official government report struck an ominous note....

1833. Shorter work week gains momentum in Belgium

Belgium could move to a four-day working week, as the government discusses broader reforms of the labor market....

1834. Cypriot minister picks tax battle on Twitter

Cypriot Finance Minister Constantinos Petrides lashed out at critics this weekend, saying his country was in favor of setting a global minimum tax for corporations despite not having signed on the dotted line...

1835. KPMG in Cyprus announces partnership with RICS

KPMG in Cyprus and RICS have signed a collaboration agreement for the provision of services for the issue of the quarterly ''RICS Cyprus Property Price Index, with KPMG in Cyprus''....

1836. Erdogan without Trump or Merkel to deal with

Turkish President Recep Tayyip Erdogan was afraid of one world leader and listened to another....

1837. Why Steve Jobs threw the first iPhone on the floor

Today marks the tenth anniversary of the death of Steve Jobs at the age of 56, after being struck by pancreatic cancer. ...

1838. Record breaking 890 deaths in the past 24 hours in Russia

Russia announced a record 890 deaths due to COVID-19 in the past 24 hours. ...

1839. K. Treppides & Co Ltd: Renewed European finance strategy and implementation of the action plan on financing sustainable growth

The European Commission adopted on 21 April 2021, a comprehensive package of measures to help improve the flow of money towards financing the transition to a sustainable economy, whereas these measures will be instrumental in reaching climate and environmental targets as well as vital for economic recovery from the COVID-19 pandemic. ...

1840. Electronic Money and Payment Institutions launch professional association

ECOMMBX is proud to announce the establishment of the Association of Cyprus Electronic Money and Payment Institutions (ACEMPI), with a number of the company’s management team members among the new Association’s leadership....

1841. Hellenic posts 21 million euro profit

Hellenic Bank posted after-tax profits of €21 million for the first half of 2021....

1842. Cyprus ranks 3rd in car ownership in the EU

Cyprus had the third highest number of cars per capita in the EU in 2019, according to data published by Eurostat....

1843. Another 85 million by February if Cyprus meets deadline of key reforms

With the first 157m euros already paid in advance from the Cyprus Recovery and Resilience Fund, the country still has a long way to go to complete the reforms and investments required to unlock the next 85m euros which is due to be received in February 2022....

1844. Cyprus wants clean slate in naturalizations

The government in the Republic of Cyprus has laid out a new blueprint for naturalizations of foreign investors and skilled immigrants, pointing to a departure from the country’s disgraced golden passport scheme while respecting the EU position on citizenship criteria...

1845. Global CEO confidence returns to pre-pandemic levels

CEOs of the world’s largest businesses are increasingly optimistic about the outlook for their own business and despite the Delta variant slowing down the ‘return to normal’, their confidence in the global economy has returned to levels not seen since the start of the pandemic....

1846. EY announces the launch of EY Entrepreneur Of The Year™ in Cyprus

EY Cyprus is pleased to announce the launch of the EY Entrepreneur Of The Year™ program for the first time in Cyprus. With this launch, the ultimate global competition for entrepreneurs officially opens today for nominations. ...

1847. President to leave for Athens, then New York

President Anastasiadis is going to Athens tomorrow to take part in the EUMED Summit, and will continue on to New York for the UN General Assembly....

1848. Concern over rising case numbers in students

1849. Cyprus receives 157 million for Recovery and Resilience Plan

The European Commission today has disbursed €157 million to Cyprus to help kick-start reforms and investments....

1850. State budget and economic outlook for 2022

The Ministry of Finance is working hard to complete the proposed budget of 2022 for submission to the Council of Ministers....

1851. EY and IIF survey shows climate change top concern for banks

1852. Alphamega launches Convenience Store in Ayia Napa Marina

Alphamega Hypermarkets started operating a new store in the Ayia Napa Marina, whose commercial zone was recently opened to the public....

1853. EY: CEOs understand transformation cannot be put off following COVID-19 pandemic

More than two-thirds (68%) of CEO respondents from the world’s largest companies say that they plan to take on a major investment in data and technology over the next 12 months, while 61% plan to undertake a major transformation initiative over the same period, according to the global EY CEO Imperative Study 2021. ...

1854. EY acted as lead advisor to the Government of the Republic of Cyprus for the re-development of the Larnaca Port and Marina area

The Strategy and Transactions team of EY Cyprus undertook a lead financial advisory role on behalf of the Ministry of Transport, Communications and Works (“MTCW”) of the Republic of Cyprus in the successful completion of the transaction for the re-development of the Larnaca Port and Marina area between the Government of the Republic of Cyprus and Kition Ocean Holdings Ltd. ...

1855. President tells youth unvaccinated ain’t cool

Daily COVID cases rose to 314 on Monday in the Republic of Cyprus, with President Nicos Anastasiades calling vaccinations 'patriotic duty' and reminding the youth is not invulnerable...

1856. President focused on agenda after reshuffle

Cypriot President Nicos Anastasiades says this week reshuffle of his Cabinet will serve the government agenda, while blaming the opposition for his coalition-style approach falling flat...

1857. ECB tells Cyprus lawmakers to get it right

Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...

1858. Cyprus lifts curfew as nightclubs open

The government of the Republic of Cyprus lifted a night curfew on Thursday as further relaxations of pandemic measures kicked in, including the opening of nightclubs based on last-minute protocols...

1859. Cyprus ready for dialogue on global tax

A decision by the Group of Seven to impose a global minimum tax rate does not seem to directly affect Cyprus, its Finance Minister Constantinos Petrides said on Monday...

1860. G7 agree on plan targeting tax heavens

The G7 reached a landmark deal on Saturday to pursue higher global tax rates on multinational businesses but the measures need broader support including an EU resolution, with retractors including Cyprus where Amazon recently registered a company...