https://knews.kathimerini.com.cy/en/news/disagreement-among-disy-mps-over-strengthening-anti-corruption-authority
According to an article by Pavlos Neophytou, a clash has emerged within the Democratic Rally (DISY) party over the process and timeline for enhancing the Independent Authority Against Corruption....
https://knews.kathimerini.com.cy/en/news/housing-crisis-looms-as-limassol-property-prices-skyrocket
Limassol has seen a dramatic surge in property prices over the past five years, with rents and home prices doubling—and in some cases, tripling....
https://knews.kathimerini.com.cy/en/business/intrakat-s-€1-million-debt-to-cypriot-subcontractors-sparks-legal-action
Greek-owned construction company Intrakat, which was contracted to build part of the Paphos-Polis Chrysochous motorway in Cyprus, is facing significant financial troubles, leaving behind nearly €1 million in debts to seven local subcontractors and suppliers....
https://knews.kathimerini.com.cy/en/news/vietnamese-tycoon-can-avoid-death-penalty-by-repaying-$9-billion
Truong My Lan, a 68-year-old property tycoon from Vietnam, has been sentenced to death for embezzling a staggering $27 billion in one of the country's largest fraud cases....
https://knews.kathimerini.com.cy/en/business/green-line-regulation-boosts-trade-but-challenges-remain
The Green Line Regulation, which defines the legal framework for the movement of goods, people, and services between the government-controlled areas and the northern Turkish-occupied areas of Cyprus, remains a vital tool for the country’s reunification,...
https://knews.kathimerini.com.cy/en/business/cybersecurity-and-ict-risks-emerge-as-leading-drivers-of-operational-risk
Geopolitical tensions have significantly increased operational risks, particularly in the areas of cyber and digital threats, as well as risks related to money laundering and sanctions compliance....
https://knews.kathimerini.com.cy/en/news/minimum-income-recipients-allegedly-renting-turkish-cypriot-properties-for-pennies
A shocking new controversy has emerged involving recipients of the minimum guaranteed income who are allegedly renting valuable Turkish Cypriot properties for an incredibly low price. ...
https://knews.kathimerini.com.cy/en/news/government-expands-subsidized-electricity-rates-for-vulnerable-households
The Cyprus Electricity Authority (EAC) announced an important update regarding its special household tariff for vulnerable consumers, known as Code 08...
https://knews.kathimerini.com.cy/en/business/major-companies-eye-cyprus-as-european-hq-says-annual-securities-report
The President of Cyprus, Nicos Christodoulides, met with the Cyprus Securities and Exchange Commission (CySEC) at the Presidential Palace to receive their 2023 annual report. ...
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/court-hands-down-stiff-sentences-in-major-extortion-and-embezzlement-case
In a significant move against financial crime, the Criminal Court in Larnaca has handed down tough sentences to two men involved in an elaborate scheme of extortion, embezzlement, and money laundering. ...
https://knews.kathimerini.com.cy/en/news/temporary-truce-in-the-healthcare-sector-as-december-showdown-looms
A temporary truce has been reached in the healthcare sector following the 48-hour doctors' strike....
https://knews.kathimerini.com.cy/en/news/vatican-faces-pension-crisis-despite-its-wealth
Pope Francis made a surprising announcement this week, revealing that the Vatican's pension fund is in serious trouble and might not be able to pay pensions in the future unless big changes are made....
https://knews.kathimerini.com.cy/en/business/petrolina-acquires-esso-in-cyprus-for-€48-6-million
Petrolina (Holdings) Public Limited (PHL) has successfully acquired ExxonMobil Cyprus Limited (EMCL), the company behind the Esso brand in Cyprus, for €48.6 million. ...
https://knews.kathimerini.com.cy/en/news/ex-official-sued-over-fraud-allegations-and-damaging-audit-report
A legal battle has erupted in Cyprus, with the former Commissioner for the Development of Mountain Communities, Giannakis Papadouris, and V.V. Lampadistis Wineries Limited filing a lawsuit against Odysseus Michaelides....
https://knews.kathimerini.com.cy/en/business/fake-ariel-detergent-scheme-busted-in-europe
Latvian authorities have uncovered a large-scale counterfeiting operation involving Ariel laundry detergent, accusing two Lithuanian citizens of producing and distributing fake products across Europe....
https://knews.kathimerini.com.cy/en/news/bomb-explosion-targets-vehicles-in-germasogeia
A bomb exploded in a garage in the Panioti area of Germasogeia late on Tuesday night, November 26, sparking a fire that destroyed multiple vehicles. ...
https://knews.kathimerini.com.cy/en/business/cyprus-receives-major-credit-rating-boost-from-moody-s
Last Friday, Moody’s delivered a major endorsement of Cyprus’ economic progress, upgrading its credit rating by two notches, from Baa2 to A3, with a stable outlook, according to a report by Panayiotis Rougalas. ...
https://knews.kathimerini.com.cy/en/business/greek-hoteliers-sue-booking-com-over-equal-pricing-rules
Greek hoteliers, led by the Hellenic Chamber of Hotels (HCH), are preparing to take legal action against Booking.com, claiming damages that could total tens of millions of euros....
https://knews.kathimerini.com.cy/en/business/200-foreign-companies-and-1-200-new-jobs-in-cyprus-in-six-months
Cyprus is experiencing a surge in foreign investment, with approximately 200 international companies establishing operations in the country during the first half of the year. ...
https://knews.kathimerini.com.cy/en/news/government-faces-labor-strikes-as-key-sectors-demand-action
Cyprus is grappling with escalating labor unrest in its most crucial industries, as healthcare, construction, and tourism workers push for long-standing demands. ...
https://knews.kathimerini.com.cy/en/business/eurobank-acquires-full-control-of-hellenic-bank
Eurobank has taken a significant step in consolidating its presence in Cyprus, announcing the acquisition of a controlling stake in Hellenic Bank, according to a report by Panyiotis Rougalas....
https://knews.kathimerini.com.cy/en/business/paphos-fc-owner-among-77-investors-stripped-of-golden-passports
Sergey Lomakin, owner of Paphos FC, is among 77 foreign investors whose Cypriot citizenship, obtained through the controversial "golden passport" scheme, has been revoked by the Council of Ministers....
https://knews.kathimerini.com.cy/en/business/limassol-man-scammed-out-of-$110-000-in-cryptocurrency-fraud
A 26-year-old man in Limassol has fallen victim to a cryptocurrency scam, losing over $110,000 in an alleged online investment fraud, according to a complaint filed with the police earlier today....
https://knews.kathimerini.com.cy/en/business/november-newsletter-of-k-treppides-co-ltd-25-11-2024
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/comment/opinion/geoeconomic-tensions-and-cyprus-staying-the-course-amid-challenges-ahead
Geoeconomic fragmentation, the reversal of progress towards global economic and financial integration due to political and military conflict and strategic policy decisions, is rising....
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/opening-doors-to-the-american-dream-u-s-hosts-ncaa-event-for-cypriot-families
When people talk about the growing U.S. presence in Cyprus, the conversation often turns to big-picture topics—defense programs like Cyclops, humanitarian aid for Gaza, or strategic partnerships....
https://knews.kathimerini.com.cy/en/business/primary-residence-and-the-benefit-of-5-reduced-vat-rate
Nowadays having your own permanent residence is a must, however the cost for the acquisition or construction of a house/apartment has significantly increased in the last few years....
https://knews.kathimerini.com.cy/en/news/ft-icc-issues-arrest-warrants-for-netanyahu-and-gallant
The International Criminal Court (ICC) has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former defense minister Yoav Gallant, accusing them of crimes against humanity and war crimes related to the war in Gaza....
