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1501. Funds & Cryptocurrencies: The Development and the Technology

For the second consecutive year, the Cyprus Chamber of Commerce and Industry, Cyprus-Russian Business Association and K. Treppides & Co Ltd are organizing a half day conference on the 14th of June 2018 at Four Seasons Hotel in Limassol, in an attempt to inform the investors and the Global Market about the Cyprus Fund’s market and the relationship that the Funds in Cyprus can have with the technology...

1502. Irish FM: We will support you in trying to find the way forward on the Cyprus issue

Tánaiste and Minister of Foreign Affairs and Trade of Ireland Simon Coveney said today that his country would support Cyprus “in any way that we can to try and find the way forward that I think everybody wants to see,” on the Cyprus Question....

1503. Cyprus and India stress need to strengthen bilateral business relations

Cyprus and India stressed the need to strengthen bilateral business cooperation....

1504. Passport scheme could bring ‘Dutch disease’ to Cyprus

The Fiscal Council is warning that the passports-for-cash scheme could mean that some sectors of the economy could suffer while others grow, a phenomenon known as the Dutch disease...

1505. Spanish police detain, then release Kremlin critic Browder

British businessman Bill Browder, a prominent Kremlin critic, was detained and then released by Spanish police on Wednesday, after a warrant for his arrest he said came from Russia was found to be no longer valid...

1506. Government and Co-op begin consultations with bidders

1507. ARIS joins forces with Taurus Aurum to supercharge the Cypriot startup entrepreneurship ecosystem

ARIS, an early-stage accelerator launched by the Bank of Cyprus and Deloitte earlier this year and Taurus Aurum Global Property Fund Limited, a multicompartamental private-owned self-managed Alternative Investment Fund headquartered in Nicosia, signed a Memorandum of Understanding (MOU) on the 24th of May 2018 in Nicosia...

1508. Cyprus tightens vetting for investment-for-passport scheme

In the wake of criticism that it was operating a "passports-for-cash" scheme, Cyprus has toughened up vetting procedures for those investors looking to get their hands on a European Union passport...

1509. Cyprus forecasts high GDP growth of 3% plus until 2021

High growth rates exceeding 3% of the GDP and high primary surpluses are projected until the year 2021 in the Strategic Fiscal Policy Framework (SFPF) 2019-2021, which was approved by the cabinet...

1510. Environmental study holding up casino resort

A potentially huge glitch has appeared just days ahead of the scheduled stone laying ceremony for the Cypriot casino resort, with an environmental impact assessment not yet in the clear and the company blaming the delay on British military interests...

1511. Ayia Napa mayor wants to bring the noise down

Ayia Napa mayor Yiannis Karousos, who has made a name for himself for trying to turn away ‘low-quality young tourists’ in his town, is asking for a noise pollution law to be repealed so that nightclubs could be fined for playing music too loud...

1512. Stone laying for Limassol's casino resort set for June

The stone laying ceremony for the Cypriot casino resort will take place in June, with temporary facilities ready to run in the summer ahead of the main attraction two years later...

1513. Co-op receives two bids in good bank, bad bank scenarios

The Cooperative Central Bank (CCB) announced on Monday it has received two bids as part of its privatisation process launched in March, with one bidder going after the ‘good bank’ scenario just as the European Commission approved the acquisition of Altamira Cyprus by a joint platform with CCB and one of the bidders...

1514. UK food prices likely to rise without a Brexit deal

Food prices are likely to rise after Brexit if no trade agreement with the EU is reached and there could be shortages of some products...

1515. All lights 'set on green' for end to Greek bailout

Greece’s exit from a bailout program instituted by the eurozone and International Monetary Fund looks set to proceed in August, Luxembourg finance minister Pierre Gramegna said on Friday...

1516. Bank of England keeps powder dry on rate rise

The Bank of England held interest rates and said weak growth during a snowy start to 2018 was likely to be only temporary, but it wanted to see a pick-up in the economy in the next few months before raising borrowing costs...

1517. EBRD more upbeat about Cyprus growth rate

The European Bank for Reconstruction and Development has revised significantly its projection for Cyprus’ economic growth rate this year, in the context of a wider upward revision of its forecasts for the EBRD regions...

1518. Trump lawyer took money from firm linked to Russian oligarch

An attorney for porn star Stormy Daniels said that Donald Trump’s lawyer, Michael Cohen, was paid $500,000 by a company with ties to a Russian oligarch who was hit last month with US sanctions to punish Moscow for activities that included suspected meddling in the 2016 US election...

1519. First shipping minister sets ambitious targets for Cyprus

The country’s location and tax system have made it a shipping magnet -- drawing maritime companies from Norway, Greece, Dubai and South Korea -- and prompting the creation of a ministry for the industry...

1520. Security is tight as Nicosia hosts trilateral meeting

Security is tight on the island as the leaders of Cyprus, Greece, and Israel hold a trilateral meeting at the Presidential Palace Tuesday, with police setting up road blocks and flying helicopters non-stop...

1521. Cyprus and Israel need gas-sharing deal to tap East Med riches

An ownership squabble over Cyprus' main natural gas field is threatening to delay multi-billion dollar plans to turn the eastern Mediterranean into a major energy hub...

1522. Cyprus-Egypt gas pipeline could cost $1 billion

A pipeline connecting Cyprus’ Aphrodite gas field to Egypt’s liquefied natural gas (LNG) facilities will cost between $800 million and $1 billion, Egyptian petroleum minister Tarek El Molla said on Monday...

1523. Cyprus summit to discuss gas pipeline to Italy

Israeli Prime Minister Benjamin Netanyahu has said that Tuesday's summit to Nicosia with the leaders of Cyprus and Greece will focus on the possibility of building a gas pipeline to Italy...

1524. Cyprus Residency and Citizenship-by-Investment Scheme Remains Appealing to Investors

With more than three decades of presence operating as a leading international advisory services firm, K. Treppides & Co Ltd offers insight into the latest residency and investment trends to impact Cyprus...

1525. Greece's new startup culture: technology and seagrass sunglasses

Greek student Stavros Tsompanidis was walking on a beach when he saw a business idea in the piles of dried-up seagrass...

1526. Experts says Cyprus economy to grow by 3.8% this year

The Cypriot economy will pick up momentum in 2018, the University of Cyprus’s Economic Research Centre predicts, upgrading its growth forecast to 3.8% compared with its previous projection of 3.6%. ...

1527. EU predicts strong growth as unemployment declines

The Commission foresees a "strong growth momentum continuing" in the coming years, but warned of risks widening...

1528. Cyprus Citizenship and Residency through investment

A lot has been said about the investment path to citizenship or residency in Cyprus, often clouding perceptions on all the different issues associated with the programme...

1529. Don’t get caught up in the East Med energy hype

It is tempting for resource-poor countries to overestimate the promise of newly discovered hydrocarbon resources, particularly in times of need...

1530. Britain backs the island's energy search and peace initiatives

UK's Minister for Europe, Sir Alan Duncan, has reiterated his government’s recognition of the Republic of Cyprus’s sovereign rights in its Exclusive Economic Zone (EEZ) and support for the resumption of reunification talks...