Search

1021. Cyprus to crackdown on shell companies

The Central Bank of Cyprus has just made it harder for brokers to set up front companies on the island, following pressure from US officials who say more needs to be done to combat money laundering...

1022. UN sending envoy to Cyprus for consultations

UN Secretary General Antonio Guterres is sending a special envoy to Cyprus in the coming weeks, hoping to get crystal clear views from both sides in order to assess whether or not a new push for peace is possible...

1023. Denuclearisation agreement seen as symbolic

US President Donald Trump and North Korean leader Kim Jong Un pledged on Tuesday to work toward complete denuclearization of the Korean peninsula while Washington committed to provide security guarantees for its old enemy...

1024. Unmarried paternity leave not signed into law

President Nicos Anastasiades has not signed a newly-passed law on paid paternity leave for unmarried fathers, sending it back to the House primarily on constitutional grounds while opposition sees more reasons behind it....

1025. Treppides Annual event in Moscow

K. Treppides & Co Limited is delighted to announce its annual event in Moscow taking place on the 6th of June 2018...

1026. Government and Co-op begin consultations with bidders

1027. Mueller probes PSY Group’s money flow into Cyprus

US Special Counsel Robert Mueller is turning his attention to Cyprus and bank records of an Israeli-based firm that worked together with Cambridge Analytica to boost election chances for President Donald Trump...

1028. M&S to close 100 UK stores in four years

British retailer Marks & Spencer plans to close more than 100 stores in its home market by 2022, accelerating a drive to re-shape its business as it strives to make at least a third of sales online...

1029. Total wants to expand Cyprus oil and gas search

French energy giant Total wants to expand its search for oil and gas off the east Mediterranean coast of Cyprus, a senior company official said on Monday...

1030. Treppides Group joins London Hedgeweek Funds panel in Malta

George P. Nicolaou, member of the Board of Management of Treppides Group and Head of Operations of Finanz Fund Services Ltd, a regulated Fund Administration Company under Malta Financial Services Authority, will be on the speakers panel at an event organised by Hedgeweek in London on the 23rd of May 2018...

1031. Thomas Cook buoyed by strong demand for Turkey, Greece, Egypt holidays

British holiday company Thomas Cook said it was on track to meet annual forecasts helped by strong demand for holidays to Turkey, Greece and Egypt, and as part of its plan to shift capacity away from parts of Spain where margins are lower...

1032. Co-op receives two bids in good bank, bad bank scenarios

The Cooperative Central Bank (CCB) announced on Monday it has received two bids as part of its privatisation process launched in March, with one bidder going after the ‘good bank’ scenario just as the European Commission approved the acquisition of Altamira Cyprus by a joint platform with CCB and one of the bidders...

1033. Cyprus pin hopes on show-stopper Eleni Foureira

Perennial makeweight Cyprus hopes to raise its flag over the Eurovision Song Contest on Saturday with Greek singer Eleni Foureira red-hot favourite to wow audiences with her show-stopping song 'Fuego'...

1034. Israel eyes 5% claim of Cyprus' Aphrodite gas field

Energy Ministry Yuval Steinitz told Cypriot leaders that Israel is demanding 5% or more of the production from the joint Aphrodite-Yishai natural- gas field in disputed Mediterranean waters...

1035. EU can't save Iran deal after Trump nuked it

European countries are powerless to salvage the nuclear deal with Iran after the United States pulled out, the deputy head of the elite Iranian Revolutionary Guards (IRGC) said ...

1036. Trump lawyer took money from firm linked to Russian oligarch

An attorney for porn star Stormy Daniels said that Donald Trump’s lawyer, Michael Cohen, was paid $500,000 by a company with ties to a Russian oligarch who was hit last month with US sanctions to punish Moscow for activities that included suspected meddling in the 2016 US election...

1037. Parliament to discuss Novartis panel report on May 18

Lawmakers will debate in a plenary session on May 18 the results of a report completed by an inquiry committee into the alleged bribery of Greek politicians by the Swiss drugs firm Novartis....

1038. Cyprus and Israel need gas-sharing deal to tap East Med riches

An ownership squabble over Cyprus' main natural gas field is threatening to delay multi-billion dollar plans to turn the eastern Mediterranean into a major energy hub...

1039. Cyprus Residency and Citizenship-by-Investment Scheme Remains Appealing to Investors

With more than three decades of presence operating as a leading international advisory services firm, K. Treppides & Co Ltd offers insight into the latest residency and investment trends to impact Cyprus...

1040. Greece's new startup culture: technology and seagrass sunglasses

Greek student Stavros Tsompanidis was walking on a beach when he saw a business idea in the piles of dried-up seagrass...

1041. World famous Cyprus beach to get its sand back

A sand nourishment project will take place right on the beach at the world-famous Fig Tree bay, but this year local authorities are trying to minimise controversy by obtaining permits and using science to combat erosion...

1042. Economic sentiment in Cyprus marginally improves in April

The Economic Sentiment Indicator ESI, edged up by 1.5 points in April compared with the previous month, reaching 119 points...

1043. Whitbread to spin off Costa Coffee

The move leaves Whitbread with its Premier Inn hotels operation and the split is expected to be completed within 24 months...

1044. Cyprus is open for business and China’s buying

As US President Donald Trump builds barriers to Chinese trade, Cyprus is throwing open the gates...

1045. Rare glimpse of Assad ties to Russia as his kids enjoy lavish holidays

That Assad’s sons Hafez and Karim and daughter Zein had stayed at the resort last year with a group of other Syrian children was made public only this week...

1046. Cannabis and opium were part of ancient Cypriot culture

The distinction between medicine and the mind-altering drug may have been lost on ancient peoples...

1047. Lawmakers shelve Novartis bribe probe

A day after a special parliamentary committee deemed that it was not competent to investigate allegations that several top-ranking Greek politicians took bribes from a Swiss drugs firm, Justice Minister Stavros Kontonis appeared confident that the judicial probe into the affair is “moving in the right direction.”...

1048. Erdogan declares early elections

President Tayyip Erdogan said on Wednesday Turkey’s presidential and parliamentary elections will be brought forward to June 24, more than a year earlier than planned, saying the country urgently needed to make the switch to an executive presidency....

1049. May gets backing for action against Syria

She told her senior ministers the Douma events showed a “deeply concerning” erosion of international legal norms barring the use of chemical weapons...

1050. Tesco beats guidance with 28 percent full-year profit increase

Lewis joined Tesco in September 2014, tasked with turning around the group which had been hit by a fall in sales and profits due to changing shopping habits...