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1081. Exness awarded as Cyprus’ Best Workplace 2021

On June 30th, Exness won the award for Best Workplace in the presence of the country’s most senior political and business leaders. ...

1082. Cavusoglu boos Greek ‘maximalist demands’

Turkish Foreign Minister Mevlut Cavusoglu says Ankara is in favor of settling maritime disputes fairly and in accordance with international law against 'maximalist demands' by Greeks and Greek Cypriots...

1083. Biden taps close advisor as energy plots thicken

US State Secretary Antony Blinken has appointed a businessman and former lobbyist as energy security envoy, signaling a new strategic focus in Washington in the aftermath of thorny geopolitics over Nord Stream 2 and unresolved issues relating to the eastern Mediterranean...

1084. 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...

1085. International Luxury Property and Residency Conference

1086. Cyprus International Luxury Property and Residency Conference 2021

1087. Al Jazeera publishes prequel to The Cyprus Papers

A new documentary by Al Jazeera on football corruption in Britain includes allegations that a Cypriot minister flew to London to arrange paperwork at a consular office for a Russian national who was wanted by Interpol and unable to travel under his real name...

1088. EY: CEOs understand transformation cannot be put off following COVID-19 pandemic

More than two-thirds (68%) of CEO respondents from the world’s largest companies say that they plan to take on a major investment in data and technology over the next 12 months, while 61% plan to undertake a major transformation initiative over the same period, according to the global EY CEO Imperative Study 2021. ...

1089. EY acted as lead advisor to the Government of the Republic of Cyprus for the re-development of the Larnaca Port and Marina area

The Strategy and Transactions team of EY Cyprus undertook a lead financial advisory role on behalf of the Ministry of Transport, Communications and Works (“MTCW”) of the Republic of Cyprus in the successful completion of the transaction for the re-development of the Larnaca Port and Marina area between the Government of the Republic of Cyprus and Kition Ocean Holdings Ltd. ...

1090. Anastasiades feels vindicated by passport probe

Cypriot President Nicos Anastasiades says a final report on the island’s disgraced golden passport scheme has alleged no deceit on his part, with the commander in chief apologizing for mistakes made under his administration which he attributed to lack of regulations and oversight over the years...

1091. Jho Low wanted to be a Cypriot banker

A British investigative journalist told an audience in Nicosia that Cypriot-naturalized financier Jho Low had tried to use contacts with Kuwaitis to buy a bank on the island where the Malaysian fugitive could launder stolen money...

1092. No concessions to Erdogan, says Bob Menendez

No concessions should be made to Turkish President Recep Tayyip Erdogan 'without a significant behavior change,' US Senator Bob Menendez, a Democrat and chairman of the powerful Senate Foreign Relations Committee, tells Kathimerini...

1093. 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...

1094. G7 agree on plan targeting tax heavens

The G7 reached a landmark deal on Saturday to pursue higher global tax rates on multinational businesses but the measures need broader support including an EU resolution, with retractors including Cyprus where Amazon recently registered a company...

1095. Cyprus opposes global minimum corporate tax

Cypriot Finance Minister Constantinos Petrides says Cyprus opposes both Biden’s proposal for a minimum corporate tax and a recently reached deal by MEPs on improved transparency for tax reporting...

1096. Legal departments face challenges in transformation efforts

Legal departments across the globe are facing a mounting list of operational challenges as they look to transform in the wake of complex digital and regulatory change, according to the 2021 EY Law Survey, which was conducted in collaboration with the Harvard Law School Center on the Legal Profession...

1097. 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...

1098. EastMed faces another challenge next week

European Union countries will seek to prolong EU support for cross-border natural gas projects, a stance at odds with the European Commission’s plan to end such funding, according to a draft document...

1099. Fact sheet puts US-Cyprus ties at historic high

The US State Department’s latest fact sheet on the Republic of Cyprus heralds a bright future of cooperation between the countries, with relations between the superpower and the island nation described as being at a historic high...

1100. 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...

1101. EY: Liquidity-fueled IPO markets break records in Q1 2021

1102. Consulco outperforms the London property market says MSCI.

The annual MSCI results are now available, and Consulco’s London commercial real estate portfolio outperformed the Greater London Retail property market by 5.9 % during 2020. ...

1103. Cyprus unveils 'ambitious' stimulus plan

Cypriot President Nicos Anastasiades has called on the new parliament after elections as well as industry leaders to support an ambitious €4.4 billion economic stimulus plan, saying it will lead the country into a new era...

1104. Syllouris declines questions in passport probe

A former Cypriot parliamentary speaker secretly filmed in an expose on a now discredited cash-for-passports scheme declined to answer questions on Wednesday into his role in a scandal which rocked the island nation...

1105. Stars in Al Jazeera video face committee

1106. 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...

1107. Interim report on golden passports delivered

An interim report on the golden passport scandal in the Republic of Cyprus says just over half of citizenships granted by the executive branch were not approved lawfully...

1108. 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...

1109. Gloves are off again over golden passports

Cyprus’ auditor general told a House committee this week that the Cabinet used old rules to approve over two hundred golden passports after the cutoff date for an investigation ordered by the attorney general, who pushed back on the criticism saying there was 'no bottom to the abyss'...

1110. IMF: Withdrawal of support measures should be gradual

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....