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421. Insurance premiums expected to rise slightly

Inflation-related losses are also occurring for general insurance policies. Cyprus' insurance policies will specifically follow the broad pattern of other nations and other international insurance companies,...

422. G7 price cap on Russian oil kicks in

The Group of Seven price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow's ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it has to cut production....

423. Cyprus to extradite Chinese national in fraud case

A fugitive businessman in Cyprus will be handed over to Beijing in connection with a money fraud investigation, a move that challenges recent consensus across Europe against Chinese extradition requests, after the suspect’s lawyers gave their consent provided that Cypriot officials will be allowed to visit the defendant and sit in during court proceedings...

424. 'FTX-style crypto crash won’t happen in Europe'

The cryptocurrency world is reeling after the collapse of crypto exchange FTX — but EU policymakers are patting themselves on the back....

425. Former Justice Minister Kypros Chrysostomides dies at age 80

Lawyer and politician Kypros Chrysostomidis passed away at the age of 80. He had health issues in recent years. His funeral will be held on Saturday at 11 a.m. in Nicosia's Church of Saints Constantine and Helen. From 10 a.m. to 11 a.m., his family will accept condolences....

426. Home grown Cypriot company acquired by UK entertainment firm

Born out of their passion for theater, 'Stagedoor' was founded in 2014 by Yiannis Gavrielides (Invelopment Partners, Covve) and Paris Erotokritou (Fresh Target Theatre), along with Michael Hadjijoseph (Stagedoor CEO) and Alex Cican (Stagedoor CPO) who contributed their expertise in technology and product management. ...

427. When the ink dries, this will be the new archaeological museum

428. Averof: 'Technology firms can't find qualified Cypriot workers'

Averof Neophytou, Presidential Candidate and President of the Democratic Rally, stated after his visit to Murex that the global and Cypriot markets are in need of programmers and technology professionals....

429. Economic sentiment slightly down in Cyprus

In November 2022, economic sentiment in Cyprus deteriorated slightly, as the Economic Sentiment Indicator decreased by 0.5 points compared with October 2022, according to the Business and Consumer Survey by the University of Cyprus...

430. Greek Navtex is a message to Libya

The navigation warning issued by Greece on Saturday expanding the area of seismic surveys for oil and natural gas deposits off the coast of Crete was in response to a request by US oil firm ExxonMobil, which has been granted exploration rights, but also serves a geopolitical purpose...

431. EU struggles with Russian oil price cap

European Union governments remained split on Thursday over what level to cap Russian oil prices at to curb Moscow’s ability to pay for its war in Ukraine without causing a global oil supply shock, with more talks possible on Friday if positions converge...

432. Small number of banks meeting new loan demand

The net demand for loans from businesses in Cyprus decreased in the third quarter of 2022, and banks anticipate a similar decline in the net demand for loans from businesses and households in all loan categories in the fourth quarter of 2022 compared to the third quarter. ...

433. Report highlights police inaction in cases of violence against women in Cyprus

The Group of Experts on Action against Violence against Women and Domestic Violence (GREVIO)’s first review of existing policy approaches and legislation on violence against women in Cyprus has revealed many areas in which redoubled action is needed to comply with the standards of the Istanbul Convention. ...

434. 14 billion euros of loans on ice due to the suspension of foreclosure sales

In Cyprus, credit purchasing companies manage over 80,000 loans totaling €20 billion....

435. The visionary leader of Pafilia wins at the prestigious Bank of Cyprus Man of the Year Awards

Pafilia founder and CEO, Mr Elias Eliades has been awarded a prestigious honor at the 21st Bank of Cyprus MAN OF THE YEAR Awards, with the title of Best Manager / Entrepreneur....

436. Europe rushes to stock up on Russian diesel before ban starts

European traders are rushing to fill tanks in the region with Russian diesel before an EU ban begins in February, as alternative sources remain limited....

437. AG files appeal against acquittal in first 'golden passport' trial

The Attorney General of the Republic filed an appeal on Friday against the acquittal decision of the Larnaca Permanent Criminal Court, issued on November 4, 2022, in connection with a case involving the exceptional naturalization of foreign investors and businessmen....

438. US regulators say lab-grown chicken is safe to eat

A meat product grown in a lab has been cleared for human consumption for the first time....

439. EY Cyprus presents the Transparency Report 2022

ΕΥ Cyprus has released its Transparency Report 2022, which provides an update on the firm’s efforts to execute high-quality audits, identify and mitigate risks and enhance trust in business and the capital markets, in support of sustainable, long-term value creation. ...

440. Investors lost $1 billion on FTX, prompting calls for industry regulation

The turmoil in the cryptocurrency world continues unabated following the bankruptcy of the FTX platform, which landed its founder, Sam Bankman-Freid, bankrupt almost overnight. ...

441. FTX's European operations suspended indefinitely

The company is taking a wait-and-see approach until further notice in order to deal with FTX International and the more than $8 billion hole it has created...

442. Stakes are high as Cyprus seeks new archbishop

The Holy Synod in Cyprus is gearing up for high-stakes elections after Archbishop Chrysostomos was laid to rest on Saturday, following a funeral service officiated by Ukraine-backer Bartholomew whose historic trip from Istanbul foreshadows a colossal dilemma of epic consequences for the island and the orthodox world at large...

443. Cyprus regulator to suspend FTX's license

FTX's European Union license in Cyprus could be suspended in yet another blow to Sam Bankman-Fried's crypto exchange, according to Bloomberg....

444. Iranian protesters look to outside world for help

The anti-government protests sweeping Iran are now in their eighth week, with no sign of ending, despite a bloody crackdown. The rest of the world has watched with alarm, with some countries taking steps in support of the protests....

445. Zuckerberg says 'sorry' as Meta lays off 1,000 employees

Facebook parent company Meta on Wednesday said it is laying off 11,000 employees, marking the most significant job cuts in the tech giant’s history....

446. FT: Former PWC Cyprus accountants take on company's Russian clients

A group of PwC partners has launched a breakaway firm in Cyprus to take on work from Russia-linked clients that the Big Four accountants will no longer touch....

447. Defendants acquitted in first 'golden passports' trial

Nine defendants—5 people and 4 legal entities—were cleared and released from the 36 charges they were facing in the case involving the exceptional naturalization of foreign applicants by the Larnaca-Famagusta Permanent Criminal Court, which convened today, Friday, November 4. This decision was based on the Kalogeros ruling....

448. ''Firm of the Year 2022'' Specialist Sector

K. Treppides & Co Ltd, the Largest Independent Consultant, and a Cyprus based international firm, was awarded as the EAI Specialist Sector ''Firm of the year 2022'', by EAI International which is recognized internationally including US and Canada....

449. Passengers angry as turbulence shakes Cypriot airports

The Cypriot government is scrambling to put out fires in the aviation industry, with union ground handlers at Paphos airport forming a picket line to protest a merger downsize and leaving passengers stranded for hours in the terminal and on the tarmac...

450. Announcement: Appointment of Principal and Senior Managers in K. Treppides & Co Ltd

The Management of K. Treppides & Co Ltd is committed to develop leaders who derive from own people and who pursue excellence in the provision of high quality specialised and unique services. We are pleased to announce the appointment of the following members on the Board of Management effective as of 1 November 2022....