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/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/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/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/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......
https://knews.kathimerini.com.cy/en/news/pancyprian-amateur-theatre-festival-returns-to-cyprus-this-october
The Cyprus Theatre Organisation has announced the 37th Pancyprian Amateur Theatre Festival 2024, aiming to strengthen, promote, and support amateur theatre across Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-wins-imf-praise-for-strong-recovery
The International Monetary Fund (IMF) has praised Cyprus for its robust economic recovery and fiscal discipline, recommending continued efforts......
https://knews.kathimerini.com.cy/en/news/uk-prime-minister-confirms-delay-in-rwanda-deportation-flights
The Rwanda deportation scheme will not begin until the summer, Rishi Sunak admitted on Monday, acknowledging a further delay to the policy even as MPs and peers began debating it for the final time....
https://knews.kathimerini.com.cy/en/news/cyprus-struggles-as-70-of-green-power-goes-to-waste
In a pivotal discussion held yesterday by the Parliamentary Committee on Energy, Trade, Industry, and Tourism, the pressing issue of energy storage from renewable sources and hydrogen took center stage....
https://knews.kathimerini.com.cy/en/news/romania-s-visa-requirement-hits-12-countries
Travellers from 12 third countries now need to obtain a Schengen Transit Visa first, before passing through Romania, in order to reach their non-Schengen destination country.
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https://knews.kathimerini.com.cy/en/business/employers-call-for-tax-reform-to-spur-economic-growth
Employers are advocating for a comprehensive overhaul of the tax system, proposing significant changes aimed at boosting economic activity and competitiveness. Here's a breakdown of their proposals:...
https://knews.kathimerini.com.cy/en/news/europe-s-ambitious-plan-to-reignite-economic-engines
As Europe endeavours to uphold its competitiveness amidst economic rivals, its politicians believe they hold a concealed asset: the savings of its citizens, which remain unused and dormant....
https://knews.kathimerini.com.cy/en/news/small-farms-dominate-85-of-eu-agricultural-aid
Farmers with small farms constitute more than 85% of the beneficiaries of Common Agricultural Policy subsidies in Cyprus, Minister for Maria Panayiotou said in her intervention......
https://knews.kathimerini.com.cy/en/news/eu-mulls-tax-breaks-for-islands-nations-on-aviation-fuel
European Union nations are in talks to grant exemptions for a proposed EU-wide tax on aviation fuel, particularly favoring islands. A draft document from Belgium,...
https://knews.kathimerini.com.cy/en/business/3-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/cabinet-approves-€17m-sponsorship-scheme-for-business-energy-upgrades
The Cabinet has approved Mr. George Papastasiou's proposal, the Minister of Energy, Commerce, and Industry, regarding the grants initiative aimed at enhancing upgrades and strengthening the competitive edge of major enterprises....
