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1051. Cyprus awaits Brussels decision on golden passports

The President’s Cabinet in the Republic of Cyprus has approved at least 390 golden passport applications despite European warnings after the program was scrapped last year, with Interior Minister Nicos Nouris saying he has already explained the logic to the European Commission but hasn’t heard back yet...

1052. Over 500 million euros from Cyprus by 2026

In a speech to world leaders today at COP26, President Anastasiades said that Cyprus seeks to strengthen regional cooperation through coordinated synergies and exchange of best practices...

1053. Greece becoming a hotspot for Hollywood films

Philip Fertis is involved in puppetry, but due to the pandemic, the demand for performances in schools and municipalities is low. ...

1054. Announcement of Appointment of Directors & 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. ...

1055. The eternal unfinished buildings in our cities

Driving in some areas of Cyprus, we can see some skeletal buildings that "stand" there abandoned for many years and it makes us wonder why they were left there to rot....

1056. Cypriot banks to reduce costs

The President of the European Banking Authority speaks to "K"...

1057. Cyprus cabinet to revoke 45 passports in cash-for-citizenship scheme

Cyprus said on Friday it would revoke the passports of 45 people who obtained citizenship under a now discredited investment scheme that ran for more than a decade....

1058. Cypriot AG says some civil servants unfit for the job

Cyprus’ Auditor General Odysseas Michaelides ruffled some feathers this week when he told a House committee hearing that some leadership positions in the civil service were filled by people who were incompetent...

1059. Exness partners with Reflect Festival as key supporter

Limassol based multi-asset broker Exness, a continuous supporter of local and global events that promote technology and innovation, has announced its active support of the Reflect Festival, taking place on October 14, 15 & 16, in Limassol. The Reflect Festival is a future-focused event that puts Cyprus on the map of technology and innovation. ...

1060. Israeli forex boss in Limassol faces extradition

The lawyers of a foreign exchange company boss in Limassol, who has been arrested in Cyprus in connection with a multimillion takedown of illegal online investments in Germany, have asked for more time before their client appears for his extradition hearing...

1061. The City of London Is Hiding the World’s Stolen Money

In 1969, two years after the Cayman Islands, a British territory, passed its first law to allow secretive offshore trusts, an official government report struck an ominous note....

1062. Thousands of property assets in Greece are up for auction

The Greek property market is about to welcome a host of new offerings as the companies that manage loans secured on properties either for banks or the funds that have acquired them are resuming online auctions in large numbers....

1063. International fraud ring dismantled

A criminal organization involved in cyber fraud in Europe has been dismantled...

1064. Cypriot minister picks tax battle on Twitter

Cypriot Finance Minister Constantinos Petrides lashed out at critics this weekend, saying his country was in favor of setting a global minimum tax for corporations despite not having signed on the dotted line...

1065. Is America really back?

In a 1990 Atlantic Monthly piece, the most influential realist of a generation – John Mearsheimer – put forth a provocative title: “Why we will soon miss the Cold War.” ...

1066. Israeli target in Cyprus identified as plot thickens

Israeli media suggest 'unpaid debts' were behind a thwarted alleged assassination plot in Cyprus, pointing to a billionaire in the gambling business who left the island after authorities warned an Azeri-Russian seeking him out as a suspected hit man...

1067. Cypriot president’s law firm accused in Pandora Papers

Cypriot President denies any knowledge of his ex law firm alleged to have hidden assets of a controversial Russian billionaire, following bombshell allegations of dozens of world and public leaders linked to secret financial dealings...

1068. Jiu Jitsu producers file new lawsuit

The producers and director of the film Jiu Jitsu are suing the Republic of Cyprus, the Auditor General, the Cyprus Investment Promotion Agency and a television station for compensation in excess of 30 million euros...

1069. 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. ...

1070. EY reports global revenues of US$40b in 2021 and outlines record US$10b investment plan over next three years

EY announces combined global revenues of US$40b for the financial year ended June 2021 (FY21), an increase of 7.3%, a solid result given the global economic impact caused by the COVID-19 pandemic. ...

1071. Another 85 million by February if Cyprus meets deadline of key reforms

With the first 157m euros already paid in advance from the Cyprus Recovery and Resilience Fund, the country still has a long way to go to complete the reforms and investments required to unlock the next 85m euros which is due to be received in February 2022....

1072. Cyprus wants clean slate in naturalizations

The government in the Republic of Cyprus has laid out a new blueprint for naturalizations of foreign investors and skilled immigrants, pointing to a departure from the country’s disgraced golden passport scheme while respecting the EU position on citizenship criteria...

1073. Chasing immortality

"The only sure thing is death and taxes," Benjamin Franklin said 230 years ago. ...

1074. Military talks with US going down to the wire

Negotiations between Greece and the US on a technical and diplomatic level will be in progress until the last moment...

1075. von der Leyen warns of a 'pandemic of the unvaccinated'

Ursula von der Leyen, warned of a “pandemic of the unvaccinated” in her state of the union speech today....

1076. Greece is more secure with Biden as president

US Senator Bob Menendez is one of Greece and Cyprus’ greatest supporters and he exerts considerable power and influence in the foreign policy arena....

1077. Cyprus receives 157 million for Recovery and Resilience Plan

The European Commission today has disbursed €157 million to Cyprus to help kick-start reforms and investments....

1078. EY and IIF survey shows climate change top concern for banks

1079. Accountants to have bigger say in important investments

Chartered accountants will be given a role in speeding up investment projects deemed “strategic” by the state, according to a bill still in the public consultation stage. Besides their usual role in attesting the legality of the investments’ implementation, accountants will also have a role in evaluating the plans. One of the incentives the bill provides to strategic investors is that the plans will be approved and formally given the go-ahead within 45 days....

1080. K. Treppides & Co Ltd: Cryptocurrency

If you do a quick search on the internet on how many people have become “Bitcoin Millionaires” you will be inundated with stories of young individuals who invested their pennies some years ago and have now struck it rich. Currently there are over 100,000 accounts that hold US1,000,000 or more in Bitcoin....