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841. 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...

842. 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....

843. International Luxury Property and Residency Conference

844. Cyprus International Luxury Property and Residency Conference 2021

845. 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'...

846. 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...

847. KPMG Announcement

848. 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...

849. 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...

850. 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...

851. 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...

852. 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...

853. 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...

854. 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...

855. 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...

856. 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...

857. 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...

858. 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...

859. Bankrupt Cyprus Mines saga continues

Insurers who could be left footing the bill for personal injury litigation against former talc miner Cyprus Mines Corporation are challenging the company's proposed candidate to represent future tort claimants...

860. Cypriot leaders exchange jabs after Geneva

Republic of Cyprus President Nicos Anastasiades says his administration will embark on a global campaign to elicit reactions to positions put forth by Turkish Cypriot leader Ersin Tatar, with the two leaders on the divided island not shying away from taking serious jabs at each other...

861. No common ground in sight in Geneva

The two Cypriot leaders and media coverage of their separate discussions with the UN chief in Geneva could not be more diametrically opposed, with the parties in the 5+1 meeting called to reflect on their positions before assembling again on Thursday...

862. KPMG supports 'Adopt a Family for Easter'

Our Corporate Social Responsibility programme forms an integral part of our corporate philosophy around the world. As every year, we aim to implement specific actions with a substantial impact on our society, such as the support for socially vulnerable groups...

863. Parents file lawsuit challenging mandatory tests, mask use

A group of some dozen parents have filed a joint law suit challenging the state for imposing mandatory weekly coronavirus testing and face mask use on children...

864. Cabinet split as measures gain on lockdown

The Cabinet is set to announce later on Friday a new set of measures to curb the COVID-19 spread in the community, as daily cases continue to rise with a situation in hospitals extremely alarming...

865. KPMG Announcement

KPMG in Cyprus wishes to inform you that our partner, Antonis Rouvas has decided to accept appointment as Group CFO at Hellenic Bank...

866. Jiu Jitsu director says Cyprus losing out

The director and producers of martial arts movie Jiu Jitsu sought audience with Cyprus’ finance minister this week over delayed cash rebate payments, with reports saying the film makers are also ticked off by an unflattering audit report on the country’s Olivewood scheme...

867. KPMG Cyprus announces partnership with EnergyIntel

KPMG in Cyprus and EnergyIntel have signed a partnership agreement for the provision of the innovative, energy-efficient solution, PayGreen...

868. Cyprus hurries to clean up company registry

Energy Minister Natasa Pilides has called on business stakeholders in Cyprus to embrace a new effort of recording and updating true information about beneficiaries of companies, saying a new digital registry can bolster transparency on the island...

869. Cyprus Mines insolvency deal under scrutiny in US

Cyprus Mines Corporation which filed for bankruptcy in the United States following hundreds of asbestos lawsuits has rejected accusations that a committee representing claimants was acting in bad faith, but lawyers representing victims are calling on a judge to rework a deal under intense scrutiny...

870. Cyprus backs King in Jordan’s ‘malicious plot’

The government of the Republic of Cyprus has expressed 'firm support' to King Abdullah over the weekend, after Jordan’s government officials accused the country’s former crown prince of plotting against the kingdom...