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631. 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....

632. Jiu Jitsu producers file new lawsuit

The producers and director of the film Jiu Jitsu are suing the Republic of Cyprus, the Auditor General, the Cyprus Investment Promotion Agency and a television station for compensation in excess of 30 million euros...

633. 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. ...

634. 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. ...

635. House approves overhaul in Cyprus’ power grid

The Cyprus Transmission System Operator is calling on people and companies who wish to take part in the electricity market to register for training seminars, following the passage of legislation that aims to put an end to state monopoly after years of debate and EU warnings...

636. Elpidophoros clears up Turkish House incident

Archbishop Elpidophoros says he is 'sincerely sorry' for pain he may have caused to Cypriot and Greek Americans by attending the opening of a Turkish House in New York City, while pointing out he has always sought 'honest and courageous' dialogue for peace and religious freedom...

637. Southern European banks set for climate hit

Banks in southern Europe are set to be among the hardest hit if climate change is not mitigated as their clients are most exposed to natural hazards such as wildfires,...

638. Mystery aircraft parked in Cyprus draws attention

UN experts are coming to Cyprus to inspect a possibly-modified plane believed to have been used in carrying forbidden cargo to Libya, but Cypriot air traffic control say they have no records of the aircraft landing on the island...

639. Cyprus’ spy van case too close to the bone

A police investigation in Cyprus has concluded there was no proof of illegal phone tapping in the spy van case, but prosecutors are still going after the main suspects on lesser charges despite reports of alleged contacts in the past with local officials...

640. Nineteen US Congress members call for UN action against Turkey’s Varosha plans

Nineteen members of the US Congress have signed a letter addressed to UN Secretary General Antonio Guterres...

641. A decentralized federation, with flexibility

Marina Economidou interviews UK High Commissioner Stephen Lillie regarding the UK's proposed plan to the Cyprus solution....

642. 9/11: A milestone for the whole world

It is important to renew our firm determination in the global fight against terrorism...

643. 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...

644. Accountants to have bigger say in important investments

Chartered accountants will be given a role in speeding up investment projects deemed “strategic” by the state, according to a bill still in the public consultation stage. Besides their usual role in attesting the legality of the investments’ implementation, accountants will also have a role in evaluating the plans. One of the incentives the bill provides to strategic investors is that the plans will be approved and formally given the go-ahead within 45 days....

645. International Luxury Property and Residency Conference

646. Cyprus International Luxury Property and Residency Conference 2021

647. North soon to establish Varosha czar

An international conference on Varosha is in the works according to Turkish President Recep Tayyip Erdogan, who accused European officials of turning their backs on Turkish Cypriots and further insisted that any steps on Cyprus’ ghost town will be 'in accordance with the law'...

648. No concessions to Erdogan, says Bob Menendez

No concessions should be made to Turkish President Recep Tayyip Erdogan 'without a significant behavior change,' US Senator Bob Menendez, a Democrat and chairman of the powerful Senate Foreign Relations Committee, tells Kathimerini...

649. KPMG Announcement

650. Cyprus’ passport committee issues final report

Over half of the golden passports approved by the President’s Cabinet in the Republic of Cyprus were illegal, a special committee has found, and it is now up to the attorney general to ascertain whether any ministers may have had fraudulent intent...

651. G7 agree on plan targeting tax heavens

The G7 reached a landmark deal on Saturday to pursue higher global tax rates on multinational businesses but the measures need broader support including an EU resolution, with retractors including Cyprus where Amazon recently registered a company...

652. Legal departments face challenges in transformation efforts

Legal departments across the globe are facing a mounting list of operational challenges as they look to transform in the wake of complex digital and regulatory change, according to the 2021 EY Law Survey, which was conducted in collaboration with the Harvard Law School Center on the Legal Profession...

653. ELAM throws hat in speakership race

Cyprus’ nationalist party ELAM says its president will seek the speakership of the House, following Sunday’s parliamentary elections that doubled the party’s seats while mainstream political movements lost ground...

654. Cyprus checks more items off relaxation list

Further easing of COVID restrictions went into effect Tuesday in the Republic of Cyprus, with daily cases remaining very low but a night curfew still remains in place until middle of next week...

655. Athens irked over Cavusoglu’s minority tweet

Turkish Foreign Minister Mevlut Cavusoglu on Sunday began his trip to Greece, with a tweet about an unofficial visit to the northeastern province of Thrace prompting angry reactions from Athens...

656. Cyprus adopts restrictions for AstraZeneca

The Republic of Cyprus is adopting age restrictions for the AstraZeneca vaccine, following a fatal blood clot incident and intense debate amongst health experts, with the decision coming just hours after the health minister had warned he would seek answers abroad if the advisory team failed to deliver a solid recommendation...

657. Advisory Services to the Cyprus Cancer Research Institute

KPMG in Cyprus will offer pro-bono Advisory Services to the Cyprus Cancer Research Institute (CCRI). Based on the partnership, the scope of services relates to the overall design of the Institute’s operational processes...

658. Legal battle heats up in golden passports

The top two chief law enforcers in the Republic of Cyprus are taking the parliament to court over a resolution, in which members called on the two officials to recuse themselves in the golden passport probe after raising conflict of interest issues...

659. Another setback for police in spy van case

The Supreme Court in the Republic of Cyprus has recalled a number of court warrants in the high-profile spy van case, saying the sworn affidavits by police were not up to par...

660. Threedium sets sights on US market: A Cyprus Success Story in the Making

In April of 2017, five ambitious tech enthusiasts fresh out of university, of whom two were Cypriot, had a vision: to bridge the gap between online and in-store experiences by building a solution that would help customers better understand and evaluate the products they were browsing to buy...