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451. K. Treppides & Co Ltd: Pillar Two on a Global Minimum Taxation

On 22 December 2021, the European Commission proposed a Directive on the introduction of a minimum effective corporate tax rate of 15% on large multinational enterprise (MNE) groups operating in the European Union (EU)....

452. Cyprus and EU economies facing a 'twin problem' following the war in Ukraine

The EU and Cyprus economies are facing a “twin problem” of rising commodity and energy prices and heightened uncertainty following the invasion of Russia in Ukraine, according to discussions held by the Nicosia Chamber of Commerce and Industry and the European Investment Bank (EIB)....

453. Russia deploys trained dolphins at Black Sea naval base, according to satellite images

Russia has deployed trained military dolphins at its naval base in the Black Sea – possibly to protect its fleet from an underwater attack – according to a new analysis of satellite images....

454. Cashing in: No payment problems for Russian tourists in Turkey

Turkey is trying to attract more Russian tourists by expanding the usage of the Russian Mir payment system in Turkey as it seeks to bypass the payment bottleneck created by Western sanctions....

455. EY Survey: Growing sustainability risks put pressure on law departments

Law departments around the world are facing a rising tide of risks relating to sustainability, but they do not feel that business leadership fully understands the implications, and they require additional resources to manage them effectively, according to a new study from EY Law and the Harvard Law School Center on the Legal Profession....

456. Consulco’s London Credit Fund Q1 2022 Results

Consulco achieved a remarkable first quarter of 2022, during which our London Credit Fund achieved a dividend of £ 13.07 per unit of its Class A shares, $ 11.14 per unit for its Class C shares and € 9.00 per unit for its Class E shares. ...

457. The MSCI 2021 results are in - Consulco Outperforms the Market

The MSCI results are now available, and Consulco’s London commercial real estate portfolio has outperformed the Greater London Retail property market in all time frames over 3, 5 & 10 years, achieving a 7.5% total return per annum since inception....

458. Nicosia drops hint at ferry link this summer

The Shipping Deputy Ministry in the Republic of Cyprus says a successful bidder for a state-subsidized ferry link to Greece has been asked to submit a proposal, with reports saying a summer connection could be launched this year...

459. K. Treppides & Co Ltd: Cryptocurrency - Having your regulated firm able to trade in cryptocurrency

Decentralized digital currency era began in 2008 by an unknown person named Satoshi Nakamoto which invented Bitcoin, the very first cryptocurrency. ...

460. Russia teetering on brink of default as US stops bond payments

The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant to ratchet up pressure on Moscow and eat into its holdings of dollars....

461. K. Treppides & Co Ltd- Cryptocurrencies: Regulating cryptocurrency trading in Cyprus

462. Nicosia roundtable calls on Cyprus to reexamine sanctions

Leaders from the Russian business community in the Republic of Cyprus are calling on the government to reexamine sanctions in the wake of the war in Ukraine, saying the measures were hurting the island nation...

463. Russians pile into property in Istanbul and Dubai to shelter from sanctions

Wealthy Russians are pouring money into real estate in Turkey and the United Arab Emirates, seeking a financial haven in the wake of Moscow's invasion of Ukraine and Western sanctions, according to many property companies....

464. As the UK experiences a student exodus, Greek universities eye English-speaking students

Greek universities plan to expand the number of programs offered in English, aiming to attract students from the Balkans, other Mediterranean countries, South Asia and China, as well as interested Greek students....

465. Walls go up as wall comes down in divided Nicosia

Turkish Cypriot city officials in north Nicosia say they are prepared to tackle a collapsed Venetian wall with or without help from the south, as both sides on the divided island still disagree on how to fix it together...

466. 8 feel good stories from the conflict in Ukraine that will inspire and give you hope in humanity

From charities and governments to celebrities and everyday people, millions are pitching in to ease the burden for fleeing or sheltering Ukrainians. In turn, they’re inspiring the world with their generosity and strength....

467. EU releases €3.4B to help countries accommodating Ukrainian refugees

The European Union will release €3.4 billion in recovery funds to help countries absorb refugees from Ukraine fleeing the Russian invasion, the Commission said on Wednesday....

468. Dmitry Muratov donates auction proceeds of Nobel medal to Ukrainian refugee fund

Russian journalist Dmitry Muratov, a co-winner of last year's Nobel Peace Prize, said on Tuesday he would donate his Nobel medal to be auctioned to raise funds for Ukrainian refugees....

469. Fast track procedure for building permits

More than 2,500 building permits have been issued under the new, fast-track procedure since it was implemented in October 2021, Interior Minister Nicos Nouris said on Saturday addressing the 29th General Assembly of the Cyprus Association of Civil Engineers....

470. Everything You Need to Know About Crypto Today (at least for the next 8 hours!)

Don’t be intimidated by my headline if you know nothing about Bitcoin or the Bored Ape Yacht Club. You are in the majority....

471. Cyprus is losing its Russians, confronting existential questions about its economy

For decades, Cyprus built an economy that courted Russians — Russian tourists, Russian investors, Russian oligarchs. ...

472. Young migrants in ‘miserable’ camp, says Cyprus Commissioner for children's rights

The war in Ukraine has focused the world’s attention on the plight of millions fleeing the country. But migrants from sub-Saharan Africa, Asia and elsewhere continue to reach ethnically divided Cyprus, where authorities say they’re overwhelmed....

473. UK freezes assets of Roman Abramovich and 6 other oligarchs, banned from travel

Roman Abramovich is among seven oligarchs to be hit with an asset freeze and travel bans under brutal new UK sanctions unveiled today....

474. Switzerland will freeze Russian owned crypto assets

Switzerland is to freeze all crypto assets held within its borders that are owned by Russians and the country’s businesses sanctioned by the EU....

475. At least five oligarchs have bank accounts in Cypriot banks

In Cyprus, five oligarchs from the EU list What emerges from the investigations of Cypriot banks for the lists of the European Council which includes 50 persons...

476. Cyprus sees increase in investment funds

The number of investment funds in Cyprus recorded a new high in December 2021, reaching 257, with their total assets reaching 8.7404 billion euros, achieving a 2.4% increase, in comparison to September 2021, according to data published by the Central Bank of Cyprus....

477. Historic leak of Swiss banking records reveals unsavory clients

Despite two decades of pledges by Credit Suisse to crack down on illegitimate funds, data leaked from the bank reveals that it catered to dozens of criminals, dictators, intelligence officials, sanctioned parties and political actors with outsized wealth....

478. Cyprus reaches new record in number of Investment Funds, €8.74 billion in total assets

The number of Investment Funds in Cyprus recorded a new high in December 2021, reaching 257, with their total assets reaching €8,740.4 million, achieving a 2.4% increase, in comparison to September 2021, according to data published by the Central Bank of Cyprus....

479. House votes in favor of an independent commission to combat corruption

After drawn-out debates before the House of Representatives, parliamentarians on Thursday passed a law establishing an independent Authority against corruption as well as a law regulating political lobbying....

480. Calls for lesser charge in Cyprus' mercy killing case

A British man accused of murdering his cancer-stricken wife in Cyprus has denied premeditated charges, with his lawyers calling on the country’s chief law enforcer to reduce the charge to assisted suicide amid ongoing euthanasia debate on the island...