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151. Cannabis sentence overturned for research purposes

A man in Cyprus who was jailed on a cannabis conviction is to be set free on a suspended sentence after his lawyer argued before the Supreme Court that a lower court completely discounted her client being into narcotics research and not illegal drug trade...

152. Global fintech market resilient in H1’22 - $107.8 billion in investment, according to KPMG’s Pulse of Fintech

Global fintech investment declined from $111.2 billion in H2’21 to $107.8 billion in H1’22, but remained remarkably resilient compared to historical trends given the challenges affecting the broader investment market, including geopolitical uncertainty, growing inflation, and increasing interest rates. ...

153. Cyprus wants EU exemption from energy cutback

Cyprus is gearing up to request on Friday an exemption from EU measures that would call on member states to reduce their energy demand as well as cap company profits from Russian oil...

154. Cypriot businesses face serious issues, but still expect to turn a profit

What are the main problems for Cypriot businesses (table) ...

155. Self check-in and robots - the future of tourism in Cyprus

156. EU states facilitating employment of third country nationals to ease labor shortage

The European Union’s population is aging. The factors behind this phenomenon are many, but the declining fertility rates and the increased life expectancy, along with migration to countries like the United States, the United Kingdom, Canada, and Australia, are the main ones....

157. EDF funds seven Cypriot projects proposed in 2021

Several Cypriot businesses and research institutions have secured funding for seven projects from the European Defence Fund (EDF) for 2021, the Ministry of Defence has said....

158. Cyprus still in the mix as EU probes Greek spyware

Cypriot Deputy Attorney General Savvas Angelides has fired back at allegations over a conflict of interest in an alleged cover-up involving Israeli-made malware, as Nicosia and other EU capitals have been feeling pressure to come clean following rumors of widespread unlawful surveillance...

159. Foreign Direct Investment in Europe a game of two halves: current volatility impacts strategy while long-term appeal instills confidence

Europe’s attractiveness for FDI has shown signs of recovery following the COVID-19 pandemic with a 5% increase in the number of projects announced in 2021 compared to 2020, according to the latest annual EY European Attractiveness Survey....

160. ECOMMBX earns Great Place to Work® Certification

ECOMMBX is proud to announce that it has earned the coveted Great Place to Work® Certification with flying score, which is likely to be among the top – if not the highest – scores for this year....

161. What is the agenda for the Eastern Mediterranean?

In recent years, Cyprus, Greece and Israel have significantly intensified their political, energy and military relations....

162. Deloitte opens up nominations for its accelerator for the Deloitte Accelerator for Social Innovation (DASI) awards

Deloitte has opened up nominations for its signature programme Deloitte Accelerator for Social Innovation (DASI) in the Middle East and Cyprus, providing social enterprises in the region with the opportunity to grow and scale their impact. ...

163. UK approves Julian Assange's extradition to the US

The UK has approved Julian Assange's extradition to the US, where the WikiLeaks founder faces hacking and espionage charges, the UK Home Office confirmed Friday....

164. Erdogan critic wants Kissinger to apologize over Cyprus

An American scholar is calling on Henry Kissinger to apologize to Cypriots for betraying Greeks and appeasing Turkey, arguing that the father of modern realpolitik had signaled to Turkey back in 1974 that 'aggression works'...

165. KPMG in Cyprus will act as a technical service consultant for the Treasury of the Republic of Cyprus

KPMG in Cyprus will act as a technical service consultant, following participation in a public tender, for the provision of support to the Treasury of the Republic of Cyprus, in the framework of the implementation of the new eProcurement system....

166. New Research Shows What’s Driving Resilience and Regeneration in Today’s Global Family Businesses

Annual report from KPMG Private Enterprise and the STEP Project Global Consortium highlights how emotional attachment to one’s organization and the ability of next-gens to take risks and experience life outside the family business are critical elements of future business success....

167. Petrides: 'Things will be difficult in the coming years'

The government will continue supporting households, especially the vulnerable, amid rising inflation, Finance Minister Constantinos Petrides said, warning that tackling inflation is difficult due to its structural nature amid the Ukrainian crisis....

168. Gender equality of great importance to Cyprus government

Promoting gender equality is of great importance for the government, Cyprus President Nicos Anastasiades said on Tuesday....

169. 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)....

170. Zelensky warns of world food crisis as Russia blocks 4.5m tons of grain leaving Black Sea

The Russian army bombed a grain warehouse in Ukraine and tightened its blockade on Black Sea ports, sparking fears of a new global food crisis....

171. Cyprus and EU economies facing a 'twin problem' following the war in Ukraine

The EU and Cyprus economies are facing a “twin problem” of rising commodity and energy prices and heightened uncertainty following the invasion of Russia in Ukraine, according to discussions held by the Nicosia Chamber of Commerce and Industry and the European Investment Bank (EIB)....

172. EBO and KPMG Cyprus announce strategic partnership

EBO, a leader in customer engagement automation that empowers enterprises through AI technology enters into a strategic partnership with KPMG Cyprus, a leader in Management Consulting & Technology Advisory services offering assistance to organizations by identifying and solving the challenges that stand in the way of their growth and excellence....

173. EIB ready to offer funding to mitigate effects of Ukrainian war on Cyprus

New investment opportunities in Cyprus, as well as funding to mitigate the effects of the war in Ukraine, were discussed on Monday by President Nicos Anastasiadis, Finance Minister Constantinos Petridis and European Investment Bank (EIB) President Werner Hoyer. ...

174. US tourists flock to Greece

Indications are growing that tourism from the US in Greece this year will approach the levels of 2019, and even exceed them if the international geopolitical uncertainties are lifted....

175. Five female-run businesses using design to create a waste-free world

From ‘collaborating’ with bacteria to make material for trainers, to ‘unplastic’ made from brewery waste, these female-founded businesses enlist the power of creativity to do away with waste....

176. Fears of potential nuclear disaster at Europe's largest nuclear power plant

Russian forces seized the largest nuclear power plant in Europe after a building at the complex was set ablaze during intense fighting with Ukrainian defenders, Ukrainian authorities said on Friday....

177. Op-ed: 'Putin will not invade because he doesn’t want a second Afghanistan’

Many analysts have suggested that the chaotic US withdrawal from Afghanistan emboldened Russian President Vladimir Putin to move toward Ukraine, exploiting the perceived weakness of the West. But Leon Aron, senior fellow at the American Enterprise Institute in Washington, reminds us that Russians were also trapped in Afghanistan in 1978-89. ...

178. Subsidies worth €158 million for households and businesses to be doled out in 2022

Grant schemes, worth €158 million, will be made available in 2022, Minister of Energy, Trade and Industry Natasa Pilides announced during an online workshop, on Wednesday, 16 February....

179. Facebook entrenching Greece on tech map

The Facebook parent company, Meta Platforms, Inc, is reportedly in advanced discussions for the establishment of a Greek subsidiary, under whose umbrella international activities that are currently being implemented in other countries can be transferred....

180. Robert De Niro's Nobu Hotel to open in Santorini

Yet another leading name from the global tourism industry is arriving on Greece’s shores. Nobu Hospitality has announced the start of operations of its first hotel in the country, located on the island of Santorini....