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1951. 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...

1952. Conference on Funds & Cryptocurrencies, a success

A half day Conference with the subject of “Funds & Cryptocurrencies: The Development and the Technology” was successfully completed for a second consecutive year, on the 14th of June 2018 at the Four Seasons Hotel in Limassol...

1953. Worried investors looking for Lillevyali in Cyprus

The whereabouts of Russian hedge fund manager German Lillevyali are currently unknown, but his possible location in Cyprus is shrouded in even more mystery as people are looking to get their money back...

1954. Committee on Cyprus missing has more work to do

The Committee on Missing Persons says they need to start opening graves to obtain DNA, just days after media reports said CMP was slowing down, but the task ahead is difficult and in need of cash...

1955. Greek foreign minister reiterates support for Cyprus solution

Greek Foreign Minister Nikos Kotzias reiterated Wednesday his country’s supports for a solution to the Cyprus problem as long as there are no interventionist rights from other countries...

1956. Teachers call for air conditioners in state school classrooms

Public school teachers are calling on the government to move forward with the installation of air condition units in classrooms, with the government raising health concerns while looking into the possibility....

1957. Funds & Cryptocurrencies: The Development and the Technology

For the second consecutive year, the Cyprus Chamber of Commerce and Industry, Cyprus-Russian Business Association and K. Treppides & Co Ltd are organizing a half day conference on the 14th of June 2018 at Four Seasons Hotel in Limassol, in an attempt to inform the investors and the Global Market about the Cyprus Fund’s market and the relationship that the Funds in Cyprus can have with the technology...

1958. Turkish aid to north comes to 430 million

The Turkish Cypriot economy is expected to get a boost from Turkish aid in 2018, with approximately €430 million being spent in different areas of the self-declared state in the north...

1959. Greece cannot afford policy reversal after bailout ends, says EU's Costello

Greece is on course to complete its third international bailout program but cannot afford to backtrack on adopted reforms after its expiration in August, the European Commission’s mission chief to Greece said on Thursday....

1960. Spanish police detain, then release Kremlin critic Browder

British businessman Bill Browder, a prominent Kremlin critic, was detained and then released by Spanish police on Wednesday, after a warrant for his arrest he said came from Russia was found to be no longer valid...

1961. Government and Co-op begin consultations with bidders

1962. Cyprus gains on importance in satellite services sector

Cyprus is gaining on importance in the field of space technology services, as in recent years it has granted ten licenses to organizations to launch telecommunication satellites, using the space that Cyprus secures through the UN International Telecommunication Union....

1963. ARIS joins forces with Taurus Aurum to supercharge the Cypriot startup entrepreneurship ecosystem

ARIS, an early-stage accelerator launched by the Bank of Cyprus and Deloitte earlier this year and Taurus Aurum Global Property Fund Limited, a multicompartamental private-owned self-managed Alternative Investment Fund headquartered in Nicosia, signed a Memorandum of Understanding (MOU) on the 24th of May 2018 in Nicosia...

1964. Film producer Weinstein to surrender on sex assault charges

Film producer Harvey Weinstein was expected to surrender to authorities in New York on Friday, months after he was toppled from Hollywood’s most powerful ranks by scores of women accusing him of sexual assault, a person familiar with the case said....

1965. IMF, Berlin still divided over Greek debt but progress in sight

A meeting of the so-called Washington Group – representatives of Greece’s creditors as well as the governments of Germany, France, Spain and Italy, the biggest eurozone economies – failed to break a deadlock over the Greek debt as the International Monetary Fund and Berlin remain divided on the length of an upfront extension on bailout loans....

1966. British Bases dismiss allegations over casino hold up

The British Bases say they are not putting obstacles in the path of a building permit application for the casino resort in Limassol, responding to local reports about a hold up due to an environmental impact assessment...

1967. Complaints against police remain a challenge

The special task force looking into complaints against the police is having a tough time investigating cases, primarily due to lack of funding but also possible conflicts of interest...

1968. Turkey blames Greece for Aegean tension

Turkish Prime Minister Binali Yildirim has once more attempted to raise questions about Greek sovereignty over parts of the Aegean Sea, saying that tension would be avoided if Athens stopped considering it as an entirely Greek sea...

1969. Tsipras says Greece will meet fiscal targets with no fiscal gap in 2018-9

Greece and its foreign creditors agreed that the country will meet its fiscal targets in the coming years and there will be no fiscal gap in 2018 and 2019, Prime Minister Alexis Tsipras told his cabinet ...

1970. Venezuela's re-elected Maduro faces overseas censure

Venezuela’s socialist leader Nicolas Maduro faced fresh international censure on Monday after re-election in a vote foes denounced as a farce cementing autocracy in the crisis-stricken OPEC nation...

1971. The first modern Islamist fundamentalist conquest of the West?

New revelations expose Turkey stealthily positioning itself to attempt to permanently possess the northern third of Cyprus which is rich in hydrocarbons...

1972. Cyprus wants to be a film industry contender

The Cyprus government wants to cut red tape that keeps film producers at bay, with a new bill in parliament aimed at attracting foreign companies that could choose the island for the next blockbuster...

1973. Europe’s walls and Italy

A coalition government between two Italian parties that are ready to challenge core European Union rules and practices will show whether the Union still has reserves of strength or whether decay and fragmentation are inevitable...

1974. Conservation completed on two historic churches in Famagusta

A ceremony will be held on May 26 in Turkish-occupied Famagusta to mark the completion of conservation works on two historic churches, located in the walled city...

1975. 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...

1976. Cyprus GDP growth is creating more jobs

Bailed out eurozone member Cyprus notched up its 13th consecutive quarter in positive growth with GDP rising 0.8 percent in the first quarter, an official estimate showed...

1977. Elusive peace grows more remote with Jerusalem embassy move

The move of the U.S. Embassy in Israel to Jerusalem, coupled with the killings of dozens of Palestinian protesters , makes the odds of a U.S.-brokered peace even more remote, analysts said....

1978. 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...

1979. UN frustrated over Turkey stalling on envoy to Cyprus

Ankara’s reluctance to give the green light for the arrival of Jane Holl Lute in Cyprus, as the Secretary-General’s personal envoy to probe the potential resumption of settlement talks is causing frustration at the United Nations...

1980. Trump seeks 'very meaningful' summit in with N. Korea

US President Donald Trump has high hopes of “doing something very meaningful” to curtail North Korea’s nuclear ambitions at a summit in Singapore next month, after Pyongyang smoothed the way for talks by freeing three American prisoner...