https://knews.kathimerini.com.cy/en/business/your-gateway-to-global-investment-opportunities
In the past, having resolved to ‘save for a rainy day’ financial well being, for many, took care of itself and your life’s goal was aided by interest earned on those monies, which saw your money working for you but the equation today is not so simple...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/redacted-report-to-be-published-noon
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...
https://knews.kathimerini.com.cy/en/news/britain-and-eu-publish-brexit-trade-agreement
Britain and the European Union on Saturday published the text of a narrow trade agreement just five days before the United Kingdom exits one of the world’s biggest trading blocs in its most momentous global shift since the loss of empire
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https://knews.kathimerini.com.cy/en/news/report-on-passport-scheme-to-be-released-president-says
President Anastasiades said the report of the investigative committee spearheaded by Securities and Exchange Commissioner Demetra Kalorigou on the island’s disgraced citizenship-by-investment program will be released next Tuesday....
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/business/cyprus-remains-an-attractive-investment-destination
Cyprus remains an attractive investment destination, especially among established investors
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https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/dbrs-warns-against-protracted-process-in-approving-bugdet
Global credit rating agency DBRS Morning Star said it is monitoring the situation in Cyprus following the rejection of the 2021 state budget by lawmakers on Thursday, warning that a protracted process to approve the budget could affect economic sentiment and could eventually weigh on economic activity....
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/state-budget-battles-rage-on-in-cyprus
Ruling party DYSI has been mounting a campaign over the last 24 hours to secure votes to pass the state budget, which is up in the air over golden passport probe wars, with added pressure also causing rifts even within smaller parties...
https://knews.kathimerini.com.cy/en/news/cyprus-asked-to-explain-passport-probe-impasse
The Cypriot government says it will comply with a request from an international organization of audit institutions, which asked to hear the administration’s view over the golden passports probe impasse after the state’s auditor sought support from the global network...
https://knews.kathimerini.com.cy/en/news/golden-passport-findings-hard-to-come-by
The president of the Cyprus Bar Association says he has received adequate information from the audit office in connection with golden passports, adding that other agencies and officials have refused to share their findings citing direct orders from the interior minister...
https://knews.kathimerini.com.cy/en/news/finmin-confirms-cyprus-won-t-reinstate-‘golden-passports-scheme
Finance minister Constantinos Petrides assured that the government will not be reinstating the Cyprus Investment Program (CIP), that was shut down after the shocking corruption revelations that emerged through an Al Jazeera investigation and the subsequent stark criticism by the European Commission. ...
https://knews.kathimerini.com.cy/en/news/state-budget-up-in-the-air-over-golden-passports
Opposition parties are cranking up the pressure on Interior Minister Nikos Nouris, who has been refusing to hand over files in connection with the golden passports scandal, with the Democratic Party making good on its promise not to vote the state budget later this month if there is no transparency...
https://knews.kathimerini.com.cy/en/news/cyprus-calls-on-turkey-to-engage-in-maritime-zone-delimitation-talks
In an interview with the UAE television channel Alarabiya, defence minister Charalambos Petrides called on Turkey to accept the Republic of Cyprus’ invitation to engage in talks in view of reaching an agreement over the delimitation of the contested maritime zones between the two countries, or alternatively refer the issue to the International Court of Justice....
https://knews.kathimerini.com.cy/en/news/president-says-anti-corruption-measures-to-be-announced-by-year-s-end
The new anti-corruption measures will be announced to the public before the end of the year, President Nicos Anastasiades said Wednesday, noting that the delay is due to the government’s efforts to take into account the suggestions of all stakeholders....
https://knews.kathimerini.com.cy/en/news/auditor-general-makes-jiu-jitsu-move
The audit office is reportedly preparing an unflattering report on Cyprus’ film industry government scheme, with local media suggesting some type of possible connection between newly-established Olivewood and golden passports...
https://knews.kathimerini.com.cy/en/news/government-ups-rhetoric-against-auditor
The Cypriot government hinted over the weekend it might refer the auditor general to the Supreme Court over “indecent” behaviour, after the audit office published yet another damning report alleging offences in a Cabinet decision to grant investor passports to individuals linked to a casino project without meeting the criteria...
https://knews.kathimerini.com.cy/en/news/greece-uae-commit-to-mutual-defense-assistance
The mutual defense assistance clause, activated in the event that one of the two countries’ territorial integrity is threatened, is probably the most important part of the defense and foreign policy cooperation agreement signed by Greece and the United Arab Emirates (UAE) last week, according to sources with inside information....
https://knews.kathimerini.com.cy/en/news/cyprus-experiencing-excessive-macroeconomic-imbalances
The European Commission said Wednesday that Cyprus continues to face excessive macroeconomic imbalances, particularly in view of the country’s very high percentage of non-performing loans that continue to plague the financial sector, but also in light of high private sector, government, and external debt....
https://knews.kathimerini.com.cy/en/news/al-jazeera-turns-attention-to-jho-low
Cypriot-naturalized citizen Jho Low, the Malaysian fugitive financier whose golden passports came under scrutiny last year, was back in the news this week after Al Jazeera published a video with actual voice recordings of 'the biggest fish' seeking a way out of the 1MDB colossal scandal...
https://knews.kathimerini.com.cy/en/news/eac-crucial-to-cyprus-energy-reform-energy-minister-says
The role of the Electricity Authority Cyprus is crucial to both the implementation of the energy reform in Cyprus and the joint effort for sustainable economic development, which must now be interconnected with green energy, energy minister Natasa Pilides said, addressing an online press conference during which the EAC presented its annual report for 2019.
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https://knews.kathimerini.com.cy/en/news/elusive-businessman-with-cyprus-ties-pops-up
The whereabouts of elusive Russian hedge fund manager German Lillevali, who was linked to a flurry of companies in Cyprus after he became a resident, are no longer a mystery after reports that he was detained in the US on an immigration violation but released due to overcrowding amid the coronavirus pandemic...
https://knews.kathimerini.com.cy/en/business/network-resilience-in-a-post-pandemic-world
While telcos have largely risen to the challenge of withstanding a surge in network demand during the COVID-19 pandemic, pressure to maintain infrastructure resilience and expand reach emerges as the most pressing sector challenge...
https://knews.kathimerini.com.cy/en/business/lidl-cyprus-celebrates-10th-anniversary
A press conference dedicated to the 10th anniversary of its operation was carried out by Lidl Cyprus on Tuesday, November 10, in a virtual environment and in the presence of institutions and representatives of the media...
https://knews.kathimerini.com.cy/en/news/al-jazeera-video-stirs-privacy-debate
The former speaker of the House is reportedly calling on the chief of police to investigate two Al Jazeera journalists, saying they violated his rights when a hidden camera was used to capture footage that became part of the network’s corruption investigation known as The Cyprus Papers...
