https://knews.kathimerini.com.cy/en/news/von-der-leyen-proposes-€150-billion-borrowing-plan-for-rearmament-amid-growing-security-concerns
The European Commission has proposed a bold plan to borrow up to €150 billion to lend to EU governments as part of a major rearmament effort....
https://knews.kathimerini.com.cy/en/news/lack-of-certificate-of-occupancy-puts-homeowners-at-risk-in-rent-to-mortgage-plan
A surprising revelation in the ongoing discussion about the Rent to Mortgage Scheme has raised concerns for homeowners across Cyprus: around 60% of the properties involved in the scheme do not have an official certificate of occupancy, meaning that a building complies with all necessary regulations and is safe for use or habitation....
https://knews.kathimerini.com.cy/en/business/mps-mull-casino-cash-exemption-despite-laundering-fears
A proposal to exempt casinos from Cyprus' €10,000 cash transaction limit has sparked a heated debate in parliament, with regulators warning that such a move could open the door to money laundering and create unequal rules for businesses....
https://knews.kathimerini.com.cy/en/business/eurobank-moves-for-full-control-of-hellenic-bank-in-major-takeover-push
February is shaping up to be a pivotal month for Hellenic Bank, as key financial moves unfold, including a full takeover bid by major shareholder Eurobank, the completion of key acquisitions, and a voluntary exit plan for employees....
https://knews.kathimerini.com.cy/en/news/how-abramovich-evaded-millions-in-taxes-using-cyprus
A massive tax evasion scheme tied to Roman Abramovich’s superyachts has been uncovered, shedding light on how the Russian billionaire exploited Cyprus’ offshore business environment. Leaked documents reveal that from 2005 to 2012, Abramovich’s companies set up a fake yacht-leasing business in Cyprus to dodge EU taxes on his luxury vessels....
https://knews.kathimerini.com.cy/en/news/european-parliament-seeks-cypriot-administrators
In a significant move to address imbalances in staff representation, the European Parliament has launched a competition aimed specifically at Cypriot nationals....
https://knews.kathimerini.com.cy/en/news/cyprus-tax-department-going-after-football-clubs-over-unpaid-debts
The Cyprus Tax Department is moving forward with plans to issue indictments against all football clubs in the country that have outstanding debts to the state, regardless of the size of the amounts owed. ...
https://knews.kathimerini.com.cy/en/business/your-direct-path-to-dubai-through-ifza
LLPO Law Firm is proud to organise a Free Business Networking Event in Cyprus, in collaboration with IFZA Dubai (an International Free Zone Authority),...
https://knews.kathimerini.com.cy/en/news/us-lawmakers-push-to-permanently-lift-cyprus-arms-embargo
Leaders of the Congressional Hellenic Caucus submitted a bill at the US House o Representatives aimed at permanently lifting the arms embargo imposed by the United States on the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/news/2024-eu-shake-up-includes-higher-schengen-visa-fees-stricter-border-checks-and-key-new-citizenship-rules
In 2024, the European Union implemented several significant changes impacting the Schengen Area and EU citizenship rules....
https://knews.kathimerini.com.cy/en/news/when-does-the-renewal-of-traffic-permits-start
The process of renewing vehicle registration permits for the year 2025 starts in a few days via the Department of Road Transport's website....
https://knews.kathimerini.com.cy/en/news/palestinians-sue-us-state-department-over-israel-military-aid
A group of Palestinians in Gaza and their American relatives are suing the U.S. State Department, claiming the agency has created special exceptions that allow Israel to bypass a law restricting military aid over human rights violations. ...
https://knews.kathimerini.com.cy/en/business/november-newsletter-of-k-treppides-co-ltd-28-11-2024
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-moves-closer-to-nato-talks-begin-on-permanent-u-s-military-presence
According to an article written by Lena Argyris, Cyprus is strategically positioning itself for a potential future membership in NATO,...
https://knews.kathimerini.com.cy/en/news/cyprus-anti-corruption-authority-s-major-investigations-near-completion
The Independent Anti-Corruption Authority of Cyprus is making waves as it tackles high-profile investigations into alleged corruption, including the controversial ''gold passports'' scheme, claims of a ''state mafia,'' and other issues....
https://knews.kathimerini.com.cy/en/news/australia-to-ban-under-16s-from-social-media-in-global-first
Australia’s government plans to introduce what it describes as "world-leading" legislation that would prohibit children under 16 from using social media, Prime Minister Anthony Albanese announced....
https://knews.kathimerini.com.cy/en/business/cyprus-plans-€10-000-cash-limit-to-fight-money-laundering
According to Kathimerini's Pavlos Neophytou, the Cyprus government is considering a new law to cap cash transactions at €10,000 for buying goods and services, aiming to crack down on money laundering. ...
https://knews.kathimerini.com.cy/en/business/cyprus-to-launch-national-sanctions-unit
Cyprus is set to establish a new National Sanctions Implementation Unit (NSIU) in the coming year, aiming to improve how financial sanctions are enforced in the country....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-the-new-switzerland-and-other-tall-tales
Hope for a solution has been granted a stay of execution—albeit on life support—and almost all political parties welcomed this development....
https://knews.kathimerini.com.cy/en/news/china-abolishes-visa-requirement-for-cypriots
In a significant diplomatic development, China has officially abolished visa requirements for Cypriot nationals, marking a new chapter in the relationship between the two countries. ...
https://knews.kathimerini.com.cy/en/news/cyprus-abolishes-planning-permission-for-low-risk-developments
According to a report by Kathimerini's Pavlos Neophytou, effective October 2, 2024, Cyprus will eliminate the need for planning permission for low-risk developments, such as the construction of one or two residential units. ...
https://knews.kathimerini.com.cy/en/news/odysseas-michaelides-removed-court-cites-breach-of-public-trust
The court’s extensive ruling regarding the dismissal of Odysseas Michaelides from the role of Auditor General introduces new legal precedents concerning the public conduct of institutional figures and those tasked with serving the public interest....
https://knews.kathimerini.com.cy/en/news/electric-cars-outnumber-petrol-cars-in-norway-for-the-first-time
Norway has made history by becoming the first country where electric vehicles (EVs) now outnumber petrol cars. ...
https://knews.kathimerini.com.cy/en/news/eu-sets-new-rules-for-carry-on-bags-starting-september-1
Starting September 1, all air travelers in Europe should be prepared for significant changes in hand luggage regulations....
https://knews.kathimerini.com.cy/en/news/uk-travelers-to-the-eu-will-need-€7-visa-waiver-starting-may-2025
UK travelers heading to the EU will need to pay a €7 fee starting in May 2025, thanks to new rules introduced by the EU. This fee, part of the European Travel Information and Authorisation System (ETIAS), will be required for UK and other visa-exempt travelers, similar to the US ESTA system....
https://knews.kathimerini.com.cy/en/news/ema-slams-eac-for-undermining-electricity-market-competition
The Electricity Market Association (EMA) is expressing concern over recent requests made by the Electricity Authority of Cyprus (EAC) to President Nicos Christodoulides....
https://knews.kathimerini.com.cy/en/news/greece-bucks-trend-with-six-day-workweek
Greece has introduced a six-day working week for certain businesses in an effort to increase productivity and employment, according to a report by CNBC. ...
https://knews.kathimerini.com.cy/en/news/temu-shein-ali-express-eu-cracks-down-on-chinese-imports
The European Union is taking steps to clamp down on the surge of low-quality Chinese imports flooding its markets. According to sources speaking to the Financial Times, the EU plans to impose tariffs on cheap products from platforms like Temu, Shein, and AliExpress....
https://knews.kathimerini.com.cy/en/news/government-halts-heavy-industry-in-vasilikos
The Cypriot government has granted a long-standing request from the Vasilikos area's coordinating committee, prohibiting further heavy industry licensing in the region....
https://knews.kathimerini.com.cy/en/news/us-pushes-for-equal-religious-access-across-cyprus
Representatives of the U.S. Embassy met with officials from the Ministries of Interior, Foreign Affairs, and Justice of the Republic of Cyprus to discuss religious......
