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841. Forbes calls Wilbur Ross a ‘grifter’

US Secretary of Commerce Wilbur Ross, the former vice-chairman of Bank of Cyprus, is being accused of being a grifter, following allegations that he swindled associates out of millions...

842. Men sentenced for assaulting billionaire investor

The Famagusta District Court handed down sentences to four men in connection with the beating of Egyptian investor Naguib Sawiris, hours before the stone laying ceremony for the Ayia Napa marina back in 2016...

843. Vacationers evacuate Polis campsite due to fire

The Polis campground was evacuated Sunday after midnight due to a fire raging in nearby reed beds, with initial signs pointing to arson...

844. Polis caves in to step up old campground

A long and protracted dispute between the Polis Chrysochous municipality and the administration of the local campsite has come to an end, with a new offer on the table sweetening the deal for the private operator...

845. Investing in knowledge

A growth rate of 1.9 percent is way too small for a country like Greece, especially as the rest of Europe’s performance is so much more robust. This is, after all, a country that shed 25 percent of its gross domestic product (GDP) in the course of a decade. What we should be seeing, therefore, is the effect of a tightly wound spring, whereby a virtuous cycle of growth begins and only gets faster with time. Instead, we’re hobbling along at 1.9 percent, the slowest rate an economy can achieve after hitting rock bottom....

846. Moody’s says BoC better off after UK sale

Rating Agency Moody’s has described the sale of Bank of Cyprus UK as credit positive, noting that the sale would place Bank of Cyprus in a better position to focus on reducing its domestic high stock of problematic loans...

847. Browder case in Cyprus pushed back another week

The Bill Browder case had been pushed back for another week due to a scheduling conflict with his defence attorney, with a Nicosia judge setting a new hearing date for July 18...

848. Cyprus wants to rein in ‘passport-selling’ agencies

The Cyprus government has issued strict guidelines aimed at curbing the overt promotion of passports, censuring agencies that explicitly try to lure rich foreign nationals for enrollment in the citizenship-by-investment programme...

849. Tsipras in UK in bid to promote Greek role in Balkans, seek investors

Prime Minister Alexis Tsipras is in London on Monday for a three-day visit during which he is scheduled to meet with his counterpart, Theresa May, and the head of the Labour Party, Jeremy Corbyn, while attempting to present Greece as a significant player in the Balkans and investigate investment interest....

850. Conference on Funds & Cryptocurrencies, a success

A half day Conference with the subject of “Funds & Cryptocurrencies: The Development and the Technology” was successfully completed for a second consecutive year, on the 14th of June 2018 at the Four Seasons Hotel in Limassol...

851. Worried investors looking for Lillevyali in Cyprus

The whereabouts of Russian hedge fund manager German Lillevyali are currently unknown, but his possible location in Cyprus is shrouded in even more mystery as people are looking to get their money back...

852. 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...

853. New charges connect dots in Russia collusion probe

Recent witness tampering allegations against Paul Manafort, the former Trump campaign manager accused of money laundering in Cyprus among others, are linked to new charges against a political operative with alleged ties to Russian spies...

854. Cyprus court will hear Browder’s case in July

The Nicosia District Court will hear a motion from Bill Browder’s lawyer seeking an order that would prevent Cyprus from acting on a Russian warrant against the famous Putin critic...

855. Treppides Annual event in Moscow

K. Treppides & Co Limited is delighted to announce its annual event in Moscow taking place on the 6th of June 2018...

856. President says Cyprus ready for the maritime challenge

Cyprus is once again showing its strength in the maritime industry, with President Nicos Anastasiades reiterating government support for what he called ‘one of the most important priorities’ of his administration...

857. Finance Ministry issues six-year bonds for natural persons

Cyprus Finance Ministry issued domestic bonds for natural persons amounting to €6.77 million, Public Debt Management Office (PDMO) announced....

858. 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...

859. Government and Co-op begin consultations with bidders

860. 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...

861. Cyprus Airways takes delivery of second Airbus

Larnaca-based Cyprus Airways has taken delivery of its second Airbus A319...

862. 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...

863. Russian 'dirty money' flowing through London damages UK

Russian money hidden in British assets and laundered through City of London financial institutions damages the government’s efforts to take a tough stance against Moscow’s aggressive foreign policy, a committee of lawmakers said...

864. Treppides Group joins London Hedgeweek Funds panel in Malta

George P. Nicolaou, member of the Board of Management of Treppides Group and Head of Operations of Finanz Fund Services Ltd, a regulated Fund Administration Company under Malta Financial Services Authority, will be on the speakers panel at an event organised by Hedgeweek in London on the 23rd of May 2018...

865. Netflix's next big thing: feeding the service with its own movies

As Hollywood studios unleash their summer blockbusters into theatres, Netflix is trying to give film buffs a reason to stay home...

866. North Korea reconsiders summit with Trump, puts talks on ice

North Korea threw next month’s unprecedented summit between Kim Jong Un and Donald Trump into doubt, threatening weeks of diplomatic progress by saying it may reconsider if Washington insists on unilateral denuclearization...

867. 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...

868. 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...

869. Bad news for Bitcoin believers

Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as “rat poison squared,” thrive on the hope they’ll find other people who will pay more for it...

870. 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...