Search

541. CITR Cyprus calls for modern insolvency rules

542. K. Treppides & Co Ltd: Family offices and Succession Planning for the Next Generation

The expansion of the family office sector has increased exponentially since the millennium. For most family offices, the greatest challenge to overcome is the successful transfer of the family structure to the next generation....

543. Spy van owner fires back at police

The CEO of WiSpear, the high-tech company caught in a media storm for owning the confiscated “spy van” in Cyprus, says local police have not done much to dispel false rumours...

544. PwC presented its new publication for the real estate and land development sector

PwC Cyprus presented its publication on the Cyprus land development market, entitled "Cyprus Real Estate Market - First Half in Review", atan event held in Nicosia on 19 November...

545. Jho Low may have multiple passports

Reports suggest that fugitive financier Jho Low may be travelling on foreign passports while Malaysian authorities suspect he may be hiding in the Middle East...

546. Where is Malaysian fugitive financier Jho Low

There is plenty of speculation in the media over the whereabouts of fugitive financier Jho Low, with the Malaysian inspector general saying he could resort to “unorthodox methods” to get him back...

547. Cyprus plans to revoke passports after uproar

Cyprus said on Wednesday that it had started a process to strip 26 individuals of citizenship they received under a secretive passports-for-investment scheme, admitting it had flaws...

548. Minister says Cyprus turned page on passports

Cyprus’s finance minister acknowledged on Tuesday that some mistakes were made in offering citizenship for investment after disclosures about beneficiaries triggered uproar on the Mediterranean island...

549. Cyprus to start process for early repayment of IMF loan, Finance Minister announces

Finance Minister Harris Georgiades announced on Tuesday that an official process will be launched for the early and full repayment of an IMF loan, following the repayment of a loan from Russia....

550. Three international firms to perform due diligence checks for people granted citizenship before 2018

Cyprus Interior Minister Constantinos Petrides has told the Cyprus News Agency (CNA) that the Interior Ministry will proceed, in cooperation with three international specialized firms, to due diligence checks for the cases of people granted Cypriot citizenship before 2018, when stricter checks entered into force....

551. Anti-Money Laundering and Terrorist Financing Preventing Framework: Legislation Gaps

Over the last years, the EU has developed a solid regulatory framework for preventing money laundering and terrorist financing. However, these rules are not always able to capture the growing technological developments and potential gaps that can be exploited by criminals...

552. Greek golden visa system in a bind

Greece’s Golden Visa program, offering five-year residence permits to non-European Union citizens who invest at least 250,000 euros in local property, appears to have become a victim of its own success...

553. Financial Services towards Artificial Intelligence and Machine Learning

Artificial Intelligence in general and machine learning in particular, is not a new concept, but it is only in recent years that financial services firms have started to learn about and understand its full potential...

554. Attracting investments, relations with Turkey: A new chapter?

On a diplomatic level, the main event was Mitsotakis’ meeting with Turkish President Recep Tayyip Erdogan. The two leaders discussed all the major issues. Aside from the chronic Cyprus dispute, where the situation has become even more complicated following the discovery of gas deposits, one of the most pressing issues at the moment is migration. ...

555. K.Treppides & Co Ltd: Time Value of Money

What if a close friend asks today to borrow 1,000EUR with the precondition to repay the exact same amount in five years? Would you take the deal or not?...

556. Trump impeachment inquiry begins

Democrats in the U.S. House of Representatives on Tuesday launched a formal impeachment inquiry into President Donald Trump, accusing him of seeking foreign help to smear Democratic rival Joe Biden ahead of next year’s election...

557. Mitsotakis in New York – opportunities, substance, results

This week will see the first appearance of Prime Minister Kyriakos Mitsotakis at the United Nations General Assembly. He will make the customary speech before the plenary and be received by the UN secretary-general. However, the substance will be in the meetings that are to take place on the sidelines of the proceedings. ...

558. Greek corporations rush to issue bonds amid record low yields

The easing of Greek state bond yields to record lows has opened the way to international markets for major Greek corporations too, as they can now take the opportunity to reduce their cost of borrowing. ...

559. The next six months are crucial

Since July’s general election, there has been a sense of optimism regarding the country’s course, especially in business circles, inside and outside of Greece. As we learn in the first lessons in economics, climate is everything. At the moment, we have a winning combination of trust and euphoria...

560. Oil surges after attack on Saudi oil facilities

Oil prices surged on Monday, with Brent crude posting its biggest intra-day percentage gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities on Saturday shut over 5% of global supply. ...

561. More US energy companies to operate in Cyprus, US Ambassador says

US Ambassador to Cyprus Judith Garber expressed on Wednesday evening her conviction that more US energy companies will operate in Cyprus, joining ExxonMobil and Noble Energy. She was addressing a business dinner of the American Chamber of Commerce in Cyprus, in Nicosia, in the presence of Foreign Minister Nikos Christodoulides...

562. Macron sends stern warning to Ankara

In a show of solidarity with Cyprus, French President Emmanuel Macron sent a stern message to Turkey on Thursday that Paris and the European Union will not tolerate violations in the Eastern Mediterranean...

563. Moody’s expects deleveraging to resume but warns over small economy and high level of debt

The credit profile of Cyprus reflects its small but wealthy economy, improved economic resilience and the government`s fiscal outperformance in the wake of the country`s banking crisis, Moody's Investors Service has said in an annual report. ...

564. Trump hits China with more tariffs, sharply escalating trade dispute

U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply escalating a bruising trade war between the world’s largest economies and jolting financial markets. ...

565. Finance Committee seeks compromise on foreclosures

The House of Representatives Finance Committee meets on Friday to discuss proposals that would normalize the legislative framework on foreclosures...

566. S&P affirms Bank Of Cyprus ratings

Standard & Poor’s affirmed on Tuesday their `B+/B` long- and short-term issuer credit ratings on Bank of Cyprus Public Co. Ltd. (BoC), noting that the outlook is stable...

567. ECB warns of 'significant negative impact'

The European Central Bank (ECB) has warned of “significant negative impact” to the Cypriot banking system in case a new law amending the legal on foreclosures is implemented. ...

568. Dombrovskis: The EU leads the world in the battle against climate change

This year, millions of young people across the world joined an international movement for climate change. They demanded action instead of mere talk, marching to fix the planet before it is too late. ...

569. Moody’s calls for reform implementation to boost Greek growth

Greece’s credit profile is constrained by the country’s elevated debt burden, moderate growth prospects and weak banking system, Moody's Investors Service said in an annual report Thursday, adding that the new government’s implementation of reforms agreed with lenders would bolster growth....

570. Stepping into power, Johnson seeks more diverse cabinet

Taking over as prime minister on Wednesday, Boris Johnson is expected to unveil a more diverse top team in a government to be tasked with delivering Brexit by the end of October, with or without a deal. ...