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451. More flights and more destinations from Larnaca and Paphos this summer

Hermes Airports unveiled its Summer 2022 flight schedule to/from Larnaca and Pafos airports marking the return of various connections to and from Cyprus....

452. Cyprus will request EC permission to implement mortage-to-rent scheme

Cypriot authorities plan to submit in June an official request to the European Commission for the implementation of a mortgage-to-rent scheme, aiming to address non-performing loans collateralized by primary residences and SME business premises with an estimated contractual value of €3 billion....

453. Cyprus' RCB Bank and its Kremlin ties

On March 24, Cyprus’s fourth-largest bank announced it would wind down its banking operations in the wake of the “volatile geopolitical situation” caused by Russia’s invasion of Ukraine a month earlier....

454. Harris Poyiadjis: Reversing climate of distrust a 'big challenge'

"It is a big challenge" to reverse the climate of distrust that prevails in society towards institutions, newly appointed Commissioner for Transparency, Harris Poyiadjis, told CNA on Wednesday....

455. 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)....

456. K. Treppides & Co Ltd: Letting your property in Cyprus through online platforms (e.g. Airbnb)?

The economy of Cyprus is largely dependent on tourism, and this is evident from the fact that government revenues from tourism accounted for over 12% of Cyprus GDP in year 2019 (in accordance with publicly available statistics extracted pre Covid-19 pandemic). ...

457. Status of sex workers unknown after Nicosia raid

The legal status of three women detained during a prostitution raid in Nicosia remains unknown, while a former police officer and another female have been accused of running an illegal brothel in connection with the case...

458. Consumers to buy directly from automaker, not from dealer

Mercedes-Benz has reached an agreement with its European dealers to switch to a new dealership model, in which customers will buy directly from the automaker and not from the dealer, the German brand said....

459. Russian socialites and influencers claim 'Russophobia in action'

Several Russian influencers and socialites say they've been barred from purchasing Chanel items and were told it was the brand's policy not to sell to customers who intended to bring the products back to Russia....

460. K. Treppides & Co Ltd- Cryptocurrencies: Regulating cryptocurrency trading in Cyprus

461. Exness opens its doors to university students of Cyprus

Exness, a fintech company specialized in trading, with headquarters in Limassol, announces its Open Doors Day, welcoming students from all Cyprus universities and all majors to two of its offices. ...

462. Cyprus produced 543,000 tons of solid waste in 2020

Today, March 18, marks World Recycling Day. It is the day when people around the world raise awareness on the importance of recycling and reuse, which are key to converting waste into resources for a circular economy....

463. K. Treppides & Co Ltd- Cryptocurrencies: Investment firms trading in cryptocurrencies. Authorization required.

Cryptocurrencies have taken the world by surprise in recent years, and transformed as the absolute trend in the virtual investing world. ...

464. The Med gets first offshore wind farm as Italy vows energy revolution

The Mediterranean's first offshore wind farm is rising from the shallows off Italy, its turbines a symbol of hope for a Europe suffering an energy crisis exacerbated by war....

465. K. Treppides & Co Ltd - Cryptocurrencies: Forex Companies trading in cryptocurrencies as underlying asset. How to apply.

Derivatives on virtual currencies / cryptocurrencies, such as contracts for differences (CFDs), options and futures, can qualify as financial instruments under MiFID II. Subsequently, the provision of investment services in relation to financial instruments with cryptocurrencies as underlying asset in and/or from Cyprus, requires specific authorisation by the Cyprus Securities and Exchange Commission (CySEC)....

466. Europe's banks reveal billions worth of Russia risk as sanctions bite

Credit Suisse said it had gross exposure to Russia of 1.6 billion Swiss francs ($1.73 billion) at the end of 2021, the latest European bank to reveal the size of potential losses as Western sanctions shut Russia out of the global financial system....

467. Police probe water theft in Chloraka’s refugee complex

A man has been arrested in Paphos after the local council in Chloraka filed a complaint for illegal tapping of water supply at a controversial apartment complex where hundreds of refugees have been asked to leave...

468. Greek students at UK universities plummeting

Brexit has led to vast a reduction in the number of Greek students applying to study in the United Kingdom, data from the Organization for Economic Cooperation and Development (OECD) show....

469. 'Welcome back!': Australia opens its borders two years later (images)

Australia today completely opened its external borders to travelers who have been vaccinated against the coronavirus after being shut down for almost two years due to the pandemic, with tourists returning to the country and hundreds of people reuniting with relatives and friends....

470. Credit Suisse faces money laundering charges in Bulgarian cocaine traffickers trial

Credit Suisse faced charges in a Swiss court on Monday for allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of it stuffed into suitcases....

471. Billionaire Mark Cuban opens online pharmacy to provide affordable generic drugs

Mark Cuban has officially launched his newest venture—the online pharmacy Cost Plus Drugs....

472. Teddy Sagi's Playtech embroiled in takeover battle

Israeli billionaire Teddy Sagi, the founder of Playtech, declined to comment on the withdrawal of Eddie Jordan's potential bid for the online gambling company he founded back in 1999....

473. Income tax revenue up by €25.6 million in 2020 compared to 2019

Cyprus income tax revenue for the tax year 2020 increased by €25,6 million euros, compared to 2019, with the total amount exceeding €642 million. ...

474. CNP CYPRUS Group: offer of a large number of Complete Computer Systems, to the Ministry of Education

The era of the pandemic has clearly highlighted the importance of new digital technologies in many aspects of our lives. On the road to the future, digitalization is a top priority for society, the economy and the government....

475. MI5 warns MP's: Chinese government 'agent' has been 'active' in UK parliament

MI5 has warned that a Chinese government agent has been working in parliament "to subvert the processes", MPs have been told....

476. Consulco opens its Limassol office

Consulco the investment manager with offices in London, Dubai, Moscow and Nicosia established its newest office in Limassol. ...

477. Limassol Mayor highlights environmental issues affecting city

A research study on the environmental risks and economic benefits of sector activities in Limassol, demonstrates the urgent need to protect the city’s coastal, marine and maritime environment....

478. Joyful moment or risky move? Europe divided over kids' vaccines

As Europe starts vaccinating younger children, countries are pursuing very different strategies in what will be a major test of parents' willingness to get their kids inoculated....

479. End of an era: Merkel bows out after 16 years

Angela Merkel was assured of a place in the history books as soon as she became Germany’s first female chancellor on Nov. 22, 2005...

480. USA: Fund manager to turn over $70 million in stolen antiquities

Billionaire hedge fund manager Michael Steinhardt has agreed to turn over $70 million worth of stolen antiquities and will be subject to an unprecedented lifetime ban on acquiring antiquities, the Manhattan district attorney announced Monday....