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241. Nouris calls on EU partners to conclude agreement between FRONTEX and Turkey

Cyprus Minister of Interior, Nicos Nouris, has called for the conclusion of a Status Agreement between FRONTEX and Turkey, as a matter of urgency and as a condition for additional EU support to Turkey....

242. Germany wants to attract 400,000 skilled workers from abroad each year

Germany's new coalition government wants to attract 400,000 qualified workers from abroad each year to tackle both a demographic imbalance and labour shortages in key sectors that risk undermining the recovery from the coronavirus pandemic....

243. MONEYVAL: Cyprus makes some progress in the fight against money laundering

Cyprus has made some progress in the fight against money laundering and terrorist financing by partially complying with recommendations set out by the Financial Action Task Force (FATF), according to a report by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism - MONEYVAL....

244. Reflections on 20 years of the euro

Twenty years ago on Saturday, around 300 million Europeans held a brand-new currency in their hands, the euro....

245. Commission approves 560 million for refugees in Turkey

The European Commission on Tuesday published two financing decisions, worth 560 million euros, to support inclusive quality education initiatives, including access to higher education through scholarships, for refugees in Turkey as well as for border protection....

246. Turkish lira resumes slide to 17.5 against the dollar

The Turkish lira continued its freefall after President Recep Tayyip Erdogan rejected warnings from businesses about the dangers of recent interest rate cuts and vowed there was “no going back” from his approach....

247. Cyprus makes progress in fight against terrorist financing

Cyprus has continued to make progress in strengthening banking efforts to combat terrorist financing, according to the State Department's report on terrorism for 2020. ...

248. Former Finance Minister Michalis Sarris new president of AstroBank

Mr. Michalis Sarris, former Minister of Finance, assumes the chairmanship of the Board of Directors of AstroBank....

249. Bank of Cyprus fined 790,000 euros

The Central Bank of Cyprus said it has imposed a fine amounting to €790,000 to Bank of Cyprus, the island’s largest lender over failure to comply with τhe anti-money laundering law and the CBC directive....

250. Immigration: Anastasiades' five requests to the EU

"The country is in a state of emergency in terms of migration flows, and there is absolutely no chance of accommodating more migrants,"...

251. Cyprus receives financial support from Brussels for border management

In a letter, the European Commission Delegation to Cyprus clarified the amounts of the subsidies allocated to Cyprus from the EU during 2 program periods. ...

252. Council of Europe: Government in Cyprus ‘too centralized’

Cyprus remains a “very centralized country”, according to a report from the Associated Press. ...

253. Cyprus frets ‘pandoramonium’ overshadowing good work

The Cypriot finance ministry says a European Parliament resolution on Pandora Papers and subsequent criticism by local opposition is overshadowing the amount of good work that has been done on the island against illegal activities, as some parties are calling on the president to step down...

254. Anastasiades Pandora reference hangs in the balance

Intense debate dominates in corridors of the European Parliament this week on whether specific references to Cypriot President Nicos Anastasiades and other leaders should be included in a draft resolution that calls for investigation into politicians who have been linked to offshore dealings in the Pandora Papers...

255. Pebble rocks the tests market

Greek startup BIOPIX-T is proceeding with the sale of a portable molecular diagnosis device named “Pebble” ...

256. EY presents the 17th CFO Management Forum and the CFO Awards 2021

EY has proudly sponsored the 17th CFO Management Forum and 5th CFO Awards, which were held on Tuesday, September 28th at the Nicosia Hilton....

257. Sarkozy: Convicted of illegally financing his 2012 election campaign

A Paris court has found former French President Nicolas Sarkozy guilty of illegally funding a 2012 election campaign....

258. 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. ...

259. Cyprus receives 157 million for Recovery and Resilience Plan

The European Commission today has disbursed €157 million to Cyprus to help kick-start reforms and investments....

260. IMF: Withdrawal of support measures should be gradual

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....

261. Cabinet approves €250m supplementary pandemic budget

The Cabinet on Wednesday approved a supplementary budget of €250 million to cover needs arising from the handling of the pandemic. ...

262. Vaccinations 'main economic tool' in managing Covid crisis

Vaccinations have turned into the main economic tool for the management of the coronavirus crisis and the prospects for recovery, Minister of Finance Constantinos Petrides said, stating that he foresees a strong recovery in 2021 ranging from 3.5% to 4.5% of GDP, depending on the development of the pandemic....

263. Coordination for green digital transition needed, Kokkinos says

Deputy Minister of Research, Innovation and Digital Policy, Kyriakos Kokkinos stressed the need to coordinate actions and investments at national and European level to achieve the EU's goals "for a sustainable, digital and green transition, empowering businesses with an emphasis on the SME and start-up ecosystem, and ensuring EU technological dominance", during his intervention at the informal teleconference of the Competitiveness Council for Research, under the Portuguese Presidency....

264. FinMin: Cyprus to reduce debt once pandemic normalises

Cyprus Minister of Finance Constantinos Petrides told the Cyprus News Agency that the government will begin reducing public debt, increased due to strategic cash reserves, once the pandemic begins to normalise....

265. Industrial/Logistics most attractive post COVID-19

Following the breakout of the COVID-19 pandemic, the Industrial/Logistics asset class has presently become the most attractive financing option for a majority of banks in Central & Eastern Europe, according to the results from the latest edition of KPMG’s Property Lending Barometer...

266. Bar set low as Brussels, UN in low spirits for CyProb involvement

Foreign players ranging from Brussels and Berlin to New York have lowered their expectations and show a reduced eagerness to actively get involved in efforts to reach a solution to the Cyprus Problem....

267. Commission warns Cyprus over lacking anti-money laundering legislation

The European Commission on Friday sent a reasoned opinion to Cyprus for failing to transpose the 5th Anti-Money Laundering Directive (AMLD5) into national law....

268. Antonis Polemitis at Digital Agenda Cyprus Summit 2020

Mr. Polemitis has two decades of experience in higher education, private equity, and software development. He has a deep understanding of global higher education, having served as a CEO, investor, board member, instructor and technology developer in the field. He has been a principal or advisor for a broad range of corporate financings in the United States, Europe, Latin America and India, ranging from multi-billion dollar industrial buyouts to early stage venture capital. He has also led the development of high-scale cloud-based technology platforms in multiple industries....

269. Made in Cyprus ‘Jiu Jitsu’ to launch in US

Jiu Jitsu, a sci-fi movie with Nicolas Cage shot in Cyprus under the new Cyprus cash rebate programme, will be the first film to be distributed by a brand new label set up to push a small number of independent titles in North America...

270. KPMG Property Lending Barometer 2020