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181. President blames CIP failure on recklessness

Cyprus’ disgraced Citizenship by Investment Programme took a heavy toll after it was 'recklessly promoted' overseas, according to President Nicos Anastasiades, who testified on Tuesday before an independent committee, while telling reporters later that he would not revisit the matter until after probe findings are concluded...

182. Anastasiades takes the stand in passports probe

Cyprus’ citizenship by investment scheme will not be revived but other incentives will be given to attract investments, excluding citizenship, President Nicos Anastasiades said on Tuesday, following a 3-hour-long testimony before the investigative committee probing Cyprus’ nixed citizenship-by-investment scheme....

183. Folli Follie report unveils 17-year scam

The troubled Folli Follie company’s major shareholders, the Koutsolioutsos family, reaped the benefits of a well-orchestrated fraud scheme that lasted for at least 17 years, under the nose of the supervisory authorities, generating hundreds of millions of euros in profits, according to an audit report by PricewaterhouseCoopers. ...

184. Government ups rhetoric against auditor

The Cypriot government hinted over the weekend it might refer the auditor general to the Supreme Court over “indecent” behaviour, after the audit office published yet another damning report alleging offences in a Cabinet decision to grant investor passports to individuals linked to a casino project without meeting the criteria...

185. New court culture coming to Cyprus

The president of the Cyprus Bar Association says justice reform is in the air in the Republic of Cyprus, after proposed rules on Civil Law Procedure were submitted on Thursday to the Supreme Court in hopes to introduce a new court culture on the island...

186. Elusive businessman with Cyprus ties pops up

The whereabouts of elusive Russian hedge fund manager German Lillevali, who was linked to a flurry of companies in Cyprus after he became a resident, are no longer a mystery after reports that he was detained in the US on an immigration violation but released due to overcrowding amid the coronavirus pandemic...

187. Emergency restriction measures on Nicosia, Limassol districts

Emergency restriction measures are to be imposed on the Nicosia and Limassol districts on Tuesday in response to the climbing figure of new coronavirus cases being detected, mainly at workplaces and after family gatherings....

188. Passport revocation inquiries move forward

Cypriot authorities have identified seven individuals or foreign investors who could potentially be stripped of their Cypriot citizenship, after an internal probe pointed to forged documents or misleading information during the golden passport application process...

189. 17 new cases, new restrictions in Larnaca, Famagusta

17 new coronavirus cases were detected on Friday, 14 of which through contact tracing....

190. Nine new cases detected on Thursday

Nine new coronavirus cases were detected on Thursday, when 2,893 tests were conducted, raising total known cases to 1,663....

191. UK, Swedish travel agents regaining confidence in Cyprus

Major travel agents from Britain and Sweden seem to be overcoming their reservations regarding the mandatory coronavirus test and are starting to bring tourists to Cyprus again, Transport Minister Yiannis Karousos said Friday, speaking before the Parliamentary Transport Committee....

192. Chief Justice scolds bench in Alexoui case

A dissenting opinion written by the Supreme Court president pointed to “errors of principle” on Thursday, after a new appeal to get Alexoui and Rudolf out of remanded custody based on new facts was struck down again...

193. Over half of EMEA private businesses expect revenue to decline

194. Apollo CEO investigated over Epstein ties

The CEO of Apollo Global Management, whose affiliates acquired billions of bad debt in Cyprus, is being investigated over alleged financial ties to Jeffrey Epstein...

195. European students in US breathe sigh of relief

Foreign students coming from Europe are exempt from a travel ban the United States imposed because of the coronavirus pandemic, the State Department told congressional offices on Thursday...

196. Two arrested in connection with Larnaca security guard murder

Police on Wednesday cuffed two local men aged 29 and 40 in connection with the murder of 29-year-old security guard Panayiotis “Valentinos” Kallistionis on the night of June 25 outside his parental home in Ormideia, Larnaca district....

197. Greek police searching for Cyprus victims of bogus doctor

Hellenic Police (ELAS) investigators are searching for Cyprus residents who may have fallen victim to a 47-year-old man who stands accused in Greece of posing as a health specialist and who possibly contributed to the death of three cancer patients, including two teenagers....

198. Bodyguard gunned down in Larnaca

A security guard was gunned down Thursday night in rural Larnaca, with reports saying the victim was a survivor in a previous mob hit in Ayia Napa back in 2016...

199. North uneasy as coronavirus cases spiral in Turkey

After easing restriction measures on June 1, Turkey appears to be once again faced with the nightmare of soaring numbers of new coronavirus cases....

200. President seeks input ahead of big decision

A crucial event is taking place on Friday at the Presidential Palace, as the epidemiological taskforce is meeting with President Nicos Anastasiades to assess the situation on the ground and the next steps in easing lockdown restrictions...

201. Health officials concerned over missteps, asymptomatic carriers

Police on Tuesday walked in on a Limassol hairdressing salon serving clients, in violation of restriction decrees....

202. Lockdown weighs heavily on Orthodox Christians during Easter

203. Minister lashes out at decree violators

Cypriot Health Minister Constantinos Ioannou called on members of the public to “drastically limit their contacts in order for the effort against coronavirus to work” as police fined a record number of violations on Sunday...

204. New Life in Cyprus of Russian Businessman after unfair seizure of Promsvyazbank

In 2017 Dmitry Ananiev was at the peak of his success. He and his brother Alexei owned a bank, an IT firm and an office complex overlooking the Moscow River. ...

205. President says use of Saudi-businessman owned jet not a violation of Ethics Code

President Nicos Anastasiades acknowledged on Thursday that he could have avoided using a private jet belonging to a Saudi businessman for a family holiday in the Seychelles, but denied that he was in violation of the Ethics Code....

206. President’s air travel under scrutiny

Cypriot President Nicos Anastasiades is firing back at critics saying his use of a private jet owned by a Saudi billionaire has actually saved the state a lot of money, while opposition parties raise fears of dependency and quid pro quo with foreign donors...

207. How Russian uncapitalism works

Like a private equity firm enacting an acquisition-led ‘roll-up’ in a fragmented sector, Putin and Co in Russian have been busy in recent years quietly taking scores of small banks into state ownership...

208. Family businesses should trust next generation leaders

209. K. Treppides & Co Ltd: Family offices and Succession Planning for the Next Generation

The expansion of the family office sector has increased exponentially since the millennium. For most family offices, the greatest challenge to overcome is the successful transfer of the family structure to the next generation....

210. Cyprus plans to revoke passports after uproar

Cyprus said on Wednesday that it had started a process to strip 26 individuals of citizenship they received under a secretive passports-for-investment scheme, admitting it had flaws...