https://knews.kathimerini.com.cy/en/news/ag-lawyers-vouched-for-the-character-of-their-applicants-a-criminal-offense
The extraordinary session of the Parliamentary Audit Committee is underway which will examine the findings of the Audit Service's report on the Cyprus Investment Program....
https://knews.kathimerini.com.cy/en/news/cyprus-government-no-comment-on-passport-audit-report-just-yet
The Government will study the report released Monday by the Audit Office on passports and the Cyprus investment program that granted citizenship by investment, Spokesperson Marios Pelekanos said, following the Cabinet’s meeting which convened Monday at the presidential retreat in the Troodos mountains....
https://knews.kathimerini.com.cy/en/news/cyprus-investment-program-problematic-from-the-start
Much ink has been spilled over the Cyprus Investment Program (CIP). From its inception in 2017 until its abolition, the CIP was a scheme wherein the Cyprus Government granted Cypriot citizenship to investors, "golden passports" as it is well-known....
https://knews.kathimerini.com.cy/en/news/interior-ministry-aware-passport-applications-did-not-meet-criteria
In the Audit Service's report on the naturalization program, references are made to the manner in which passports were granted, stressing that there were cases in which the Ministry was aware that there were applications that did not meet the criteria, characterizing its approval as illegal....
https://knews.kathimerini.com.cy/en/business/nexters-reports-record-breaking-quarterly-revenues-of-$126-million
Nexters, an international game development company headquartered in Limassol, today released financial and operational results for the first quarter of 2022 and announced the changes to the board of directors: ...
https://knews.kathimerini.com.cy/en/business/foreign-direct-investment-in-europe-a-game-of-two-halves-current-volatility-impacts-strategy-while-long-term-appeal-instills-confidence
Europe’s attractiveness for FDI has shown signs of recovery following the COVID-19 pandemic with a 5% increase in the number of projects announced in 2021 compared to 2020, according to the latest annual EY European Attractiveness Survey....
https://knews.kathimerini.com.cy/en/news/russia-sending-money-to-turkey-for-the-$20-billion-akuyo-nuclear-plant
A Russian state-owned company is transferring money to a subsidiary that’s building a $20 billion nuclear power plant on Turkey’s Mediterranean coast, alleviating concerns the project could be delayed by war sanctions....
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-benefits-in-kind
There are a number of commercial benefits that come with registering the property in the name of a legal entity rather than as an individual e.g. for asset protection purposes as it provides protection against personal insolvency since a property that is in the name of a legal entity should not be affected should the individual becomes personally insolvent....
https://knews.kathimerini.com.cy/en/business/tighter-controls-and-penalties-for-cross-border-transactions-in-cyprus
The Cyprus Securities and Exchange Commission (CySEC) is introducing additional controls for cross-border services and announced that investor protection will be strengthened under new rules regarding how complaints are handled....
https://knews.kathimerini.com.cy/en/business/consulco-s-london-credit-fund-keeps-making-4-p-a-for-its-euro-investors
Consulco’s London Credit Fund has been reaching and exceeding its annualized target return of 4,00% on Euro since its inception. ...
https://knews.kathimerini.com.cy/en/news/italy-s-pm-resigns-spelling-trouble-for-europe
Italian prime minister Mario Draghi has resigned, ending a national unity government formed to tackle unpopular reforms and spelling trouble for Europe at a time of acute economic challenges....
https://knews.kathimerini.com.cy/en/business/medicover-awarded-at-the-10th-invest-cyprus-international-investment-awards
Medicover was honoured at the prestigious 10th Invest Cyprus International Investment Awards, which recognize foreign companies, individuals, and investors for their contribution to the country’s economy....
https://knews.kathimerini.com.cy/en/news/four-individuals-charged-with-conspiracy-in-al-jazeera-expose
Four individuals have been charged with conspiracy and will appear before a criminal court in September for their role in granting citizenship to foreign investors who didn't quite meet the criteria....
https://knews.kathimerini.com.cy/en/news/cyprus-property-market-growing-in-number-and-value
The Cyprus property market is growing while getting pricier, as the number of properties rises by 1.5%, while their overall value increased by 2.2% based on January 2021 prices compared to 2018 data....
https://knews.kathimerini.com.cy/en/business/investors-react-positively-to-johnson-s-resignation
The pound jumped 0.5 percent against the dollar, from $1.193 to $1.199, as investors reacted positively to Johnson's expected resignation....
https://knews.kathimerini.com.cy/en/news/eastmed-feasibility-study-hindered-due-to-turkey-s-harassment
The commercial viability study of the EastMed pipeline is not proceeding as planned because Turkey is "interfering with the Nautical Geo ship conducting environmental surveys," Foreign Minister Ioannis Kasoulides told the Parliamentary Committee on Foreign Affairs....
https://knews.kathimerini.com.cy/en/news/russia-defaults-on-foreign-debt-for-the-first-time-since-1918
Russia has defaulted on its foreign debt for the first time in more than a century as the country can't pay creditors due to sanctions over the war in Ukraine, according to media reports.
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https://knews.kathimerini.com.cy/en/news/wooing-migrant-millionaires
Greece is becoming a top destination for wealthy migrants, as it is expected to welcome 1,200 “millionaire immigrants” this year....
https://knews.kathimerini.com.cy/en/news/ferrari-to-launch-its-first-electric-only-car-in-2025
Ferrari is aiming for two of every five cars it sells to be fully electric by 2030, as the luxury brand tries to marry the need to reduce emissions with a reputation built on the prowess of its traditional engines....
https://knews.kathimerini.com.cy/en/business/map-s-platis-group-pioneers-32-hour-work-week-for-staff-this-summer
Following the success of its hybrid and flexible work schedule during the past two years, MAP S.Platis Group, a leading consulting, educational, and tech firm in the financial services and regulatory compliance sector in Cyprus, announces the launch of a four-day work week for its staff via its ‘Summer Afternoons’ programme....
https://knews.kathimerini.com.cy/en/business/cbc-cryptocurrencies-are-a-potential-risk-to-the-economy
Losing 26% of its value in the last month, Bitcoin and other cryptocurrencies are in danger of dragging the "real economy" with their unpredictable fluctuations....
https://knews.kathimerini.com.cy/en/news/superyacht-in-ayia-napa-highlights-tourism-makeover
A cruise ship offering passengers a luxury yachting experience around the world made a stop in Cyprus’ Ayia Napa over the weekend, with locals highlighting the resort town’s efforts to attract high income visitors as an alternative to tourists balling on a budget...
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-digitalization-of-the-global-tax-administration
In the era of the coronavirus pandemic, the digital revolution, and the ever-evolving globalization, the digitalization of the tax administration seems to be a one-way route. But what exactly is the digitalization of the tax administration and how this will affect the tax function around the globe?...
https://knews.kathimerini.com.cy/en/news/chinese-embassy-in-cyprus-speaks-out-on-extradition
The Chinese embassy in Cyprus has responded to reports in local media that accused Beijing of using scare tactics on the island to get a suspect extradited, with an official statement pointing to fake news and offering a different side to the story...
https://knews.kathimerini.com.cy/en/business/price-hike-of-raw-materials-affecting-developers-and-construction-costs
The construction industry is suffering as the price hike of raw materials continues, with developers crushed under higher costs as they are deprived of Russian money....
https://knews.kathimerini.com.cy/en/news/op-ed-esg-dei-and-other-acronyms-and-why-we-need-to-know-about-them-imho
Quite a few times I found myself receiving messages and having to pause and google search an acronym to understand its meaning. I’m sure I’m not alone, and it’s surely not just a Gen X symptom....
https://knews.kathimerini.com.cy/en/business/english-will-be-used-in-newly-established-commercial-and-maritime-courts
Cyprus' Justice Minister, Stephie Dracos, expressed on Friday her satisfaction with a constitutional amendment to allow the use of the English language by two new Courts that are expected to be created, the Commercial Court and the Maritime Court....
https://knews.kathimerini.com.cy/en/news/inflation-in-turkey-spikes-to-almost-70
Inflation in Turkey reached record levels of almost 70% in April, rising by 8.83 points in a month, according to official statistics released today....
https://knews.kathimerini.com.cy/en/business/first-ever-publicly-financed-equity-fund-will-benefit-cyprus-startups
The Ministry of Finance has long been committed to introducing a financial instrument to support startups and innovative companies with equity financing, ...
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-pillar-two-on-a-global-minimum-taxation
On 22 December 2021, the European Commission proposed a Directive on the introduction of a minimum effective corporate tax rate of 15% on large multinational enterprise (MNE) groups operating in the European Union (EU)....
