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601. Dr Charis Savvides joins Grant Thornton Cyprus

Grant Thornton Cyprus is pleased to announce that Dr Charis Savvides joined the Firm as the Funds and Regulatory Compliance Services Leader. This appointment is part of the Firm’s strategic plans to enhance its advisory offering and at the same time, to meet growing client demands....

602. Expanding Profitability and Strengthening Capital Position

Group Financial Results for the year ended December 31, 2022...

603. Cyprus' 2022 household assets reach €59.7B, debt at €20B

In December 2022, the total value of financial assets held by households was €59.7 billion. Out of this amount, 62% was invested in currency, deposits, and loans, 2% was allocated to debt securities, 19% was invested in stocks, and the remaining 17% was invested in other types of financial instruments....

604. Turkish Cypriot entrepreneur purchases hotels in closed Famagusta

Yeni Bakis reported today that a Turkish Cypriot entrepreneur claims to have purchased three hotels and two floors of apartment buildings from their Greek Cypriot proprietors in the closed Famagusta. ...

605. Cyprus tightens criteria for immigration permit scheme

A revised set of criteria on the expedited process for granting immigration permits to third-country nationals who invest in Cyprus will be in effect as of May 2, 2023, the Interior Ministry announced on Friday....

606. Deutsche Bank to slash 800 jobs as part of new cost-cutting initiative

Deutsche Bank to cut 800 jobs in a new cost-saving drive after reporting a bigger-than-expected rise in profit for the first quarter, a volatile period globally for finance companies....

607. EC proposes major reforms to create single market for medicines

The European Commission has proposed a new single market for medicines in the European Union (EU) to create an attractive and innovation-friendly environment for the research, development, and production of medicines....

608. The real estate industry's crucial turning point

The European Parliament recently approved a new bill that aims to tackle climate change by reducing carbon emissions. This new legislation has significant implications for the property markets in Cyprus and Greece, where there is a large stock of buildings over 30 years old and requiring energy upgrades....

609. US Congress members sold bank shares amidst banking crisis fears

On March 10, as fears were swirling over the health of the nation’s banks, an investment account belonging to the children of Rep. Jared Moskowitz, D-Fla., sold shares of Seacoast Banking Corp. worth $65,000 to $150,000....

610. Ideal real estate investment opportunities for sale by AstroBank

Commercial, industrial, and residential listings in various districts...

611. Whistleblower suspicious of Biden's Cyprus trip in 2014

A former White House stenographer is accusing US President Joe Biden of committing crimes a decade ago in connection with Ukraine and Cypriot-registered gas company Burisma, while also raising suspicions over a private dinner in Limassol back in 2014...

612. Altia: New Portfolio under Management

Altia, the fastest growing property company in Cyprus, officially announces the management of a new real estate package known as "Starlight" which will be added to the existing portfolio managed by the company....

613. CySEC fines CIF one million euros for regulatory violations

The Cyprus Securities and Exchange Commission (CySEC) announced its decision to impose a fine of one million euros on the Cyprus Investment Firm (CIF) Itrade Global Ltd....

614. Three major concerns of ECB regarding Cypriot banks

Although Cypriot banks have made great progress over the last decade, foreign supervisors have reservations and summarise their concerns in three areas....

615. Rome reportedly okays Lukoil sale to Cypriot firm

Italy gave conditional approval on Tuesday to the sale of the Lukoil-owned refinery in Sicily to Cypriot private equity firm GOI Energy, people familiar with the matter told Reuters...

616. K. Treppides & Co Ltd: Sustainable Finance

Sustainability is the key to a better, healthier, and more viable future as it improves the quality of our lives with the use of natural resources which protect our ecosystem in general. By taking into consideration the three pillars of economic viability, environmental protection, and social well-being, we can preserve the future generations’ needs while, from a corporate perspective, the development of sustainable strategies can lead to a company’s longevity....

617. Houses for sale by AstroBank

Ideal as holiday homes, primary residences, or as an investment...

618. Are you ready for ChatGPT to take over your job?

Since its release in November of last year, OpenAI's ChatGPT has been used to write cover letters, create a children's book, and even help students cheat on their essays....

619. Our top priority is ensuring accessible and high-quality medicines, says Kyriakides

"A 'strong European Health Union' will contribute to the building of strong, resilient, and sustainable health systems of tomorrow that will ensure better care for patients," said Commissioner Stella Kyriakides in her message for World Health Day....

620. Philip Lane: Next ECB decisions on interest rates will be based on data (Video)

Philip Lane, the Chief Economist and member of the European Central Bank's (ECB) executive board has said the bank's next monetary policy decisions will be based on incoming data,...

621. Investors flock to 'green' bonds as a secure investment

622. KEAN shares sold: New owners to bring fresh ideas and investments

In a recent development, the shareholders of KEAN have decided to sell their shares to bbf, a company operating in the field of development projects. ...

623. Cyprus raised 1 billion with a 10-year sustainability bond

Cyprus has raised €1 billion through its first-ever 10-year sustainable bond, which saw demand exceed supply by 12.5 times. The bond yielded 4.20% and will finance a range of "green" and social projects,...

624. Announcement Appointment of Senior Managers in K. Treppides & Co Ltd

The Management of K. Treppides & Co Ltd is committed to develop leaders who derive from own people and who pursue excellence in the provision of high quality specialised and unique services. We are pleased to announce the appointment of the following members on the Board of Management effective as of 1 April 2023. ...

625. Prem Watsa: 'Greek banks are safer'

Greece has entered a virtuous cycle of growth, and the next few years will be especially beneficial to the economy and Greeks if political stability is maintained and business-friendly policies are implemented....

626. Completion of Project Starlight

627. Exceptional residential plots available for sale by AstroBank

AstroBank has listed for sale residential plots in various areas of Cyprus like Paralimni, Strovolos and Peyia, that are ideal as an investment or private use....

628. A look into Larnaca's future development (Photos)

The architectural firm Foster+ Partners and the Petrolina Group presented their grand vision for the Land of Tomorrow project on the Larnaca-Dhekelia coastal road this morning....

629. Real estate investment opportunities by AstroBank

Houses, building plots, agricultural, commercial, and industrial real estate, in many areas of Cyprus...

630. CBC estimates GDP growth at 2.6% in 2023

The Central Bank of Cyprus (CBC) has marginally upgraded its projections for GDP growth this year citing the slightly improved prospects in the external economic environment and the anticipated lower energy prices, amid the continued war in Ukraine....