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1171. Uncertainty reigns across international tax landscape

1172. 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....

1173. Attorney general weighs in on spy van

The attorney general of the Republic of Cyprus has appointed a special investigator in the “spy van” case, while the Israeli company that sells controversial surveillance vehicles is calling on authorities to investigate what it calls a “false accusations” campaign...

1174. WiSpear says it never spied on Cypriots

The company linked to an Israeli spy van in Cyprus has weighed in on media speculation following reports that it was spying illegally all over the island...

1175. Cypriot police vague over spy van

New information has emerged about a controversial spy van in Cyprus, with reports suggesting police may have known about its special capabilities in advance...

1176. Six countries attend “Nemesis 2019” multinational exercise in Cyprus’ EEZ

Six countries participated on Wednesday in “Nemesis 2019”, a multinational Search & Rescue exercise, which was held in the exclusive economic zone (EEZ) of the Republic of Cyprus, under the general coordination of the Joint Rescue Coordination Center....

1177. 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...

1178. Greek jets on NATO mission fly over Cyprus

Greek fighter jets are flying over Cyprus for a second time within a span of just a few weeks, with reports saying they are on a NATO mission to Syria...

1179. US forces take out ISIS leader

Islamic State leader Abu Bakr al-Baghdadi is believed to have been killed in a US military operation in Syria, sources in the region said on Sunday and U.S. President Donald Trump was due to make a “major statement” at the White House...

1180. 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...

1181. EU lawmakers reject Turkey's 'safe zone' in Syria, eye sanctions steps

European Union lawmakers on Wednesday condemned Turkey’s offensive to carve out a “safe zone” in northeast Syria and prepared the way for new EU financial sanctions against Ankara....

1182. Cypriot foreign minister welcomes ceasefire

The Cypriot foreign minister says it remains to be seen how the agreement to halt military operations in Syria will play out, adding that any agreement was a positive development in keeping the peace...

1183. EU heads come through on Turkey conclusions

The European Council endorses the Foreign Affairs Council conclusions on Turkey’s drilling and reaffirms its solidarity with Cyprus, according to the conclusions adopted after the first day of the EU leaders Summit in Brussels...

1184. US and Turkey work out a ceasefire

Ankara has confirmed statements made by US Vice President Mike Pence, saying the two countries agreed to a 5-day ceasefire in northeast Syria and a hold to additional US sanctions against Turkey...

1185. Greek jets fly over Larnaca military drill

Two Greek F-16 jets flew over Larnaca’s Kalo Chorio firing range on Thursday morning, while a training exercise of the Cypriot National Guard was in progress...

1186. Tell-all interview with Christopher Pincher

Brexit would not change the relationship between the United Kingdom and Cyprus, according to British Minister Christopher Pincher, who gave a tell-all interview to Kathimerini Cyprus...

1187. Nicosia awaits EU council decisions on Turkey

The President of Cyprus Nicos Anastasiades expressed on Tuesday his satisfaction over the decision of EU Foreign Ministers with regard to Turkey’s illegal drilling activities in the Eastern Mediterranean, and said he expected the European Council to endorse sanctions in its upcoming meeting...

1188. Tusk sides with Nicosia over Turkish actions

European Council President Donald Tusk has reiterated EU solidarity towards Nicosia, in light of new Turkish drilling activities off the coast of Cyprus...

1189. Trump hopes to mediate between Turkey and Kurds

US President Donald Trump has put three options on the table for US action following heavy criticism and worldwide condemnation of Turkey’s military offensive in Syria...

1190. Egypt, Cyprus, Greece condemn gas exploration by Turkey

Egypt, Cyprus, and Greece are condemning an "unlawful and unacceptable" bid by Turkey to drill inside waters where Cyprus has exclusive economic rights....

1191. Nicosia uses all legal, political and diplomatic means at its disposal to face Turkey's new provocations, spokesman says

The Republic of Cyprus uses all the legal, political and diplomatic means at its disposal to address new Turkish provocations in Cyprus’ Exclusive Economic Zone, Government Spokesman Prodromos Prodromou said on Friday, following the meeting of the National Council under Cyprus President Nicos Anastasiades....

1192. UK deplores any drilling in the waters close to Cyprus, supports Cyprus' right to extract oils

Britain deplores any drilling in the waters close to Cyprus and supports Cyprus’ right to extract oils in its Exclusive Economic Zone, British Minister for Europe Christopher Pincher, said on Friday, adding at the same time that the oil wealth should be extracted for the benefit of all Cypriots on the island of Cyprus....

1193. Yavuz on its way to a new well

Turkey is sending an oil and gas drilling ship to waters off southern Cyprus where Greek Cypriot authorities have already awarded exploration rights to Italian and French companies, according to Turkish statements on Thursday....

1194. US guided-missile destroyer USS Gonzalez arrives in Larnaca port

The Arleigh Burke-class guided-missile destroyer USS Gonzalez (DDG 66) arrived in Larnaca port, Cyprus, on October 1st, for a scheduled visit. It is currently deployed in support of US national security interests in the US 6th Fleet area of operations....

1195. Hellenic Bank posts profit of €59.1 million in first half of 2019

The Hellenic Bank has announced that it has posted a profit of €59.1 million after tax in the first half of this year with CEO Yiannis Matsis noting that the results reflect part from the benefits from the acquisition of the operations of former Cyprus Cooperative Bank. ...

1196. Anastasiades: We accept political equality

In this context and following a call from the Secretary General for an agreed basis for the resumption of negotiations, there is an understanding by the leaders of the two communities that the relevant “Terms of Reference” should comprise the following elements: ...

1197. US Embargo on Turkish drilling in East Med

Turkish opposition newspaper Cumhuriyet reported yesterday on the reasons for the departure of the drillship Yavuz from Karpasia and the expected departure of Fatih currently off the coast of Paphos. It confirms the difficulties faced by the two Turkish drilling rigs that are related to the reluctance of major firms to cooperate with Turkey in the supply of materials for research and extraction of hydrocarbons. ...

1198. 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?...

1199. Cavusoglu speaks to Kathimerini

Our meeting with the Turkish Foreign Minister Mevlut Cavusoglu took place in Famagusta on September 9, 2019, the day the Turkish official entered the fenced-off town of Varosha ...

1200. Turkish drillship starts operations off Karpasia peninsula

Turkish drillship “Yavuz” has begun operating off the coast of Cyprus, just south of the Karpasia (Kaspas) peninsula and will remain there for three weeks, Cypriot media reported Tuesday, citing an article in Turkey’s pro-government newspaper Daily Sabah. ...