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61. Debt sustainability in all Member States

ESM Managing Director Klaus Regling strongly believes that public debt is currently sustainable in all Member States of the monetary union. ...

62. 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. ...

63. Nicosia reacts to new Al Jazeera video

Nicosia has refuted allegations concerning a Cypriot minister and his trips to London, in reaction to an Al Jazeera secret investigation into how convicted criminals could take on new identities and launder money through ownership of English football clubs by deceiving authorities...

64. 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...

65. Family businesses in Europe fared better in response to COVID-19

For businesses of all types, the first impact on the pandemic was felt on revenues. 64% of European family businesses reported initial revenue losses compared to 69% of family businesses globally, 25% managed to maintain their revenue levels, and 11% experienced increases...

66. 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...

67. Stars in Al Jazeera video face committee

68. Director wants passport probe clear his name

A civil servant, whose name was dropped by the former House speaker during a secret video recording by Al Jazeera, says he did not get involved with golden passports during his tenure as director of the interior ministry, vowing to take legal action if an investigative committee failed to clear his name...

69. 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...

70. Damning State Dep. report highlights Cyprus human rights issues

A US State Department country report on human rights practices in 2020 proved damning for Cyprus which was found to have had significant human rights issues last year....

71. Peter Piot: Vaccination passports a one-way street

Professor Peter Piot, advisor to the Commission President, speaks to ‘K’...

72. Emails from Cyprus connect dots on Jho Low

New information published by OCCRP suggests that Henley & Partners identified Jho Low as a high-risk client but worked with him anyway through a Cypriot company to get him a golden passport...

73. Former AG says he cautioned over passports

The state’s former attorney general says his department had cautioned the government years ago that the country’s golden passport scheme might have been incompatible with European law, essentially contradicting the executive branch's position that nobody had said anything...

74. President blames CIP failure on recklessness

Cyprus’ disgraced Citizenship by Investment Programme took a heavy toll after it was 'recklessly promoted' overseas, according to President Nicos Anastasiades, who testified on Tuesday before an independent committee, while telling reporters later that he would not revisit the matter until after probe findings are concluded...

75. Anastasiades takes the stand in passports probe

Cyprus’ citizenship by investment scheme will not be revived but other incentives will be given to attract investments, excluding citizenship, President Nicos Anastasiades said on Tuesday, following a 3-hour-long testimony before the investigative committee probing Cyprus’ nixed citizenship-by-investment scheme....

76. Cyprus president testifies on golden passports

Cypriot President Nicos Anastasiades is expected to testify on Tuesday before the independent committee probing corruption allegations in the country’s golden passport scheme, just days after he lashed out at critics during a national address on the fight against corruption...

77. President lashes out at critics

Cypriot President Nicos Anastasiades in a televised address on Thursday rejected allegations of corruption within his office and administration, accusing the opposition and media of singling out his former law firm for being involved with golden passports and appealing on the political parties’ patriotism to support a new strategic plan to fight corruption...

78. 15 law firms being audited for involvement in 'golden passports'

Interesting new details on the involvement of law firms in the island’s disgraced citizenship-by-investment programme were presented before the Investigative Committee by the head of the Cyprus Bar Association, Christos Clerides....

79. Lawyer says Al Jazeera took him out of context

Cypriot attorney Andreas Pittadjis, who was targeted in an Al Jazeera undercover investigation into allegations of corruption over golden passports, took to social media to reiterate his position he did nothing illegal, accusing the foreign network of being dishonest...

80. Dueling small parties help pass budget

The House in the Republic of Cyprus approved a revision of the government’s 2021 state budget on Thursday, following a month of consultations between the administration and small opposition parties that offered additional amendments to the bill...

81. Former FinMin tells passport probe he shares part of blame

Former Finance Minister Harris Georgiades told the independent investigative committee probing the citizenships by exception granted via the Republic’s nixed ‘golden passports’ program that “as a member of the Council of Ministers, I have a portion of the blame”. ...

82. Reporters to sit in on golden passport hearings

A number of reporters will be allowed from now on to attend ongoing probe hearings into alleged corruption in connection with Cyprus’ disgraced Citizenship by Investment Programme, with journalists being asked to commit in advance not to breach data privacy laws...

83. Cyprus, Portugal agree to take ties to next level

Cyprus Foreign Minister Nikos Christodoulides paid an official visit to Portugal’s capital on Thursday for a tête-à-tête with his Portuguese counterpart Augusto Santos Silva on the occasion of Portugal’s assumption of the presidency of the Council of the European Union on January 1....

84. Kalogerou probe fails to impress opposition

The chair of the ad hoc committee that looked into allegations of wrongdoing last year as Cyprus’ golden passports scandal was unfolding defended the choice to go after high profile cases, following criticism from opposition parties that say the focus was too narrow...

85. Report says ministry was shuffling papers

An initial redacted report on golden passports made public in the Republic of Cyprus on Tuesday painted a picture of an Interior Ministry serving as a “filing office” without ability to examine cases in any meaningful way, with opposition crying foul over the committees’ selective method...

86. Redacted report on golden passports published

A redacted version of the Kalogerou report on golden passports is expected to be made public on Tuesday afternoon, amid criticism of the government from opposition parties calling for transparency in probing corruption allegations...

87. DIKO raises conflict of interest for AG

DIKO president Nicholas Papadopoulos has raised concerns over conflicts of interest for the state’s attorney general in connection with a golden passports investigation, following a statement from the Presidential Palace on publicizing some findings but not in their entirety...

88. Cyprus’ passport probe dispute widens

Cypriot President Nicos Anastasiades and DIKO party leader Nicholas Papadopoulos took their disagreement over probing golden passports to a whole new level this week, while questions remained over the independent committee’s reassurances of transparency in the investigation...

89. AG says release of 'golden passports' files would harm investigations

The findings of the investigative committee looking into the Cyprus’ disgraced Citizenship by Investment scheme will be made public to the degree that will not affect public interest, Attorney General Giorgos Savvides said Friday....

90. Blame game in full swing after budget vote

The government in the Republic of Cyprus faced an unprecedented challenge on Thursday, after failing to pass a 2021 budget in the House, with lawmakers approving stopgap measures to keep making payments for the next couple of months...