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2221. Cypriot president’s law firm accused in Pandora Papers

Cypriot President denies any knowledge of his ex law firm alleged to have hidden assets of a controversial Russian billionaire, following bombshell allegations of dozens of world and public leaders linked to secret financial dealings...

2222. K. Treppides & Co Ltd: Renewed European finance strategy and implementation of the action plan on financing sustainable growth

The European Commission adopted on 21 April 2021, a comprehensive package of measures to help improve the flow of money towards financing the transition to a sustainable economy, whereas these measures will be instrumental in reaching climate and environmental targets as well as vital for economic recovery from the COVID-19 pandemic. ...

2223. Aftershocks rock Crete this morning

The situation in Arkalochori worsened when another aftershock measuring 5.4 on the Richter scale hit the island a few minutes before 8 am this morning....

2224. EY reports global revenues of US$40b in 2021 and outlines record US$10b investment plan over next three years

EY announces combined global revenues of US$40b for the financial year ended June 2021 (FY21), an increase of 7.3%, a solid result given the global economic impact caused by the COVID-19 pandemic. ...

2225. China declares all cryptocurrency transactions illegal

China’s central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money....

2226. Fears of panic buying in the UK ahead of the Christmas season

Fears of panic shopping ahead of Christmas are being raised by market participants in Britain....

2227. Another 85 million by February if Cyprus meets deadline of key reforms

With the first 157m euros already paid in advance from the Cyprus Recovery and Resilience Fund, the country still has a long way to go to complete the reforms and investments required to unlock the next 85m euros which is due to be received in February 2022....

2228. US to ease restrictions on fully vaccinated visitors from the EU and UK

The United States plans to ease travel restrictions on visitors from the European Union and the United Kingdom starting in November, a person familiar with the matter told CNN Monday....

2229. The pandemic generation returns to school

For two years now, the pandemic has severely shaken the educational system – in Greece and many other countries too....

2230. Johnson & Johnson Vaccine: Is a booster shot necessary?

The New York Times answers questions about J&J booster shots...

2231. NATO must 'stand together' in Afghanistan

The political and military leadership of the Afghan Army must shoulder a significant part of the blame for its swift collapse...

2232. Number of jobless persons in Cyprus declines

The number of registered unemployed for August 2021 decreased to 19,669 persons in comparison to 21,613 in the previous month....

2233. EY and IIF survey shows climate change top concern for banks

2234. Limassol crypto provider says imposter stole 35 million

A Cypriot resident who owns a blockchain service provider says his company was targeted by cyber criminals who managed to steal tens of millions in cryptocurrency simply by sending a message on a popular social app...

2235. K. Treppides & Co Ltd: Cryptocurrency

If you do a quick search on the internet on how many people have become “Bitcoin Millionaires” you will be inundated with stories of young individuals who invested their pennies some years ago and have now struck it rich. Currently there are over 100,000 accounts that hold US1,000,000 or more in Bitcoin....

2236. Exness awarded as Cyprus’ Best Workplace 2021

On June 30th, Exness won the award for Best Workplace in the presence of the country’s most senior political and business leaders. ...

2237. Sneaky accountant admits draining company funds

A woman in Limassol is promising to return stolen money after she was arrested on suspicion of forging company checks and signing them over to herself for a total over €315,000...

2238. International Luxury Property and Residency Conference

2239. Minister says unvaccinated should pay up

Cypriot Health Minister Michalis Hadjipantela suggests vaccinated persons do not need to take rapid tests for Covid, adding those who choose to remain unvaccinated should now have to pay out of their own pocket to keep getting tested if they want to use Safe Pass...

2240. EY: CEOs understand transformation cannot be put off following COVID-19 pandemic

More than two-thirds (68%) of CEO respondents from the world’s largest companies say that they plan to take on a major investment in data and technology over the next 12 months, while 61% plan to undertake a major transformation initiative over the same period, according to the global EY CEO Imperative Study 2021. ...

2241. EY acted as lead advisor to the Government of the Republic of Cyprus for the re-development of the Larnaca Port and Marina area

The Strategy and Transactions team of EY Cyprus undertook a lead financial advisory role on behalf of the Ministry of Transport, Communications and Works (“MTCW”) of the Republic of Cyprus in the successful completion of the transaction for the re-development of the Larnaca Port and Marina area between the Government of the Republic of Cyprus and Kition Ocean Holdings Ltd. ...

2242. ECOMMBX and friends take immediate action to help wildfire victims

Without any second thoughts ECOMMBX, ECOMMPAY and other fintech/ IT/ Technology companies, members of Techisland community, cojoined forces to raise a total of €900.000 for immediate and short-term relief measures. ...

2243. Government responds to fire with €6 million aid

The Republic of Cyprus has announced €6 million in financial aid for villages affected by a deadly fire, including compensation to the families of victims, with the government clarifying that illegal or uninsured structures would not be an issue...

2244. Exness pledges 300,000 euro in financial support following devastating wildfires

Cyprus wakes up to another grim day following what has been characterized as the most devastating fire in the history of the island....

2245. Man killed after being run over during meetup

A man was killed in Limassol following a dispute involving his son and another male, who got behind the wheel and run over the father...

2246. Jho Low wanted to be a Cypriot banker

A British investigative journalist told an audience in Nicosia that Cypriot-naturalized financier Jho Low had tried to use contacts with Kuwaitis to buy a bank on the island where the Malaysian fugitive could launder stolen money...

2247. Yiolitis walks away with ‘clear conscience’

Cypriot President Nicos Anastasiades had no further comment but to thank outgoing Justice Minister Emily Yiolitis, who resigned Thursday following a barrage of bad publicity implicating her as the 'weakest link' in the administration ahead of an upcoming Cabinet reshuffle...

2248. ECB tells Cyprus lawmakers to get it right

Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...

2249. Family businesses in Europe fared better in response to COVID-19

For businesses of all types, the first impact on the pandemic was felt on revenues. 64% of European family businesses reported initial revenue losses compared to 69% of family businesses globally, 25% managed to maintain their revenue levels, and 11% experienced increases...

2250. EU ready to claw back stolen funds

The European Public Prosecutor’s Office goes to work next week, after the Council gave the green light this week for the first supranational independent agency to begin investigating and prosecuting crimes against the EU budget...