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601. 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....

602. Commissioner Gabriel urges Cypriot students and staff to take advantage of EU programs

Commissioner Gabriel urges Cypriot students and staff to take advantage of EU programs and travel all over Europe, ...

603. How Marcos could control hunt for his family's wealth as Philippines president

If Ferdinand Marcos Jr. triumphs in the upcoming Philippines presidential election, he will wield broad powers over government agencies seeking to recover as much as $10 billion plundered by his namesake father during his autocratic rule....

604. Greece sets price ceiling on electricity

The government is to introduce a price ceiling on the wholesale electricity market as the request for coordinated measures at the European level, which was reformulated on Monday at the Extraordinary Council of Energy Ministers by Energy Minister Kostas Skrekas, did not appear to gain traction....

605. 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)....

606. EU states divided over Russian oil sanctions

The European Union was preparing sanctions on Russian oil on Monday, with possible exemptions for wary countries, and warned that complying in full with Moscow's proposed scheme to receive gas payments in roubles would breach existing EU sanctions....

607. Anastasiades: The protection of employees' rights is a priority

President Nicos Anastasiades on Sunday listed a number of government policies and strategies as well as decisions in favor of laborers, as he addressed an event organized by trade union SEK in honor of Labor Day at the village of Amiantos....

608. Cashing in: No payment problems for Russian tourists in Turkey

Turkey is trying to attract more Russian tourists by expanding the usage of the Russian Mir payment system in Turkey as it seeks to bypass the payment bottleneck created by Western sanctions....

609. Boris Becker faces jail term for failing to declare his millions

Three-time Wimbledon champion Boris Becker could be sent to jail today as he faces a sentence for flouting the terms of his 2017 bankruptcy....

610. Europe scrambles for natural gas solution as Putin squeezes supply

The European Union is racing to find alternative suppliers of natural gas after Russia's Gazprom cut flows to two EU nations, sparking fears that others will soon follow....

611. Putin warns West of lightning retaliation

Russian President Vladimir Putin warned of lightning-fast retaliation if countries interfere in Ukraine as European leaders accused Russia of 'blackmail' over its cuts to gas supplies...

612. Discord takes hold in front against Russian oil

Nicosia has been defending its stance towards sanctions against Moscow on the basis of principles and European unity, but lack of consensus for the bloc to seek a collective ban on Russian oil supplies has made cracks in the united front appear larger...

613. Cyprus convicts ‘sex client’ on trafficking charges

A male customer who was apprehended during a raid at a suspected illegal brothel in Limassol last year has been sentenced to prison on trafficking and exploitation charges, after Cypriot lawmakers introduced tough but controversial legislation that criminalizes sex buyer behavior...

614. Prostitutes detained after botched trafficking raid

Police are filing charges against two women accused of running an illegal brothel, after they were arrested on Thursday in Limassol during an undercover trafficking operation that yielded no evidence...

615. Global food prices rise to highest ever levels in March

Global food prices rose to their highest ever levels in March as a result of Russia’s invasion of Ukraine, the UN has reported....

616. Nuland: New pipelines will be needed in the eastern Mediterranean

New gas discoveries and pipelines will need to be made in the eastern Mediterranean, US Assistant Secretary of State Victoria Nuland said after her meetings in Turkey, adding that "it is in our interest to have strong relations between Turkey and Israel....

617. US Undersecretary Nuland in town to inaugurate CyClops

The Cyprus Center for Land, Open-seas, and Port Security, CyCLOPS, in Larnaka, will be inaugurated today by US Undersecretary of State for Political Affairs Victoria Nuland and Cyprus Foreign Minister Ioannis Kasoulides....

618. Roman Abramovich asking friends for loans

Russian billionaire Roman Abramovich is reportedly seeking loans from his wealthy and powerful friends in Hollywood, Wall Street and the tech industry in order to be able to pay his staff, as his US and UK accounts have been frozen....

619. Russia teetering on brink of default as US stops bond payments

The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant to ratchet up pressure on Moscow and eat into its holdings of dollars....

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

621. €12.9 million in revenue collected from gambling sector in 2021

The betting sector in Cyprus has rebounded, reaching pre-COVID-19 levels in the fourth quarter of 2021, according to financial data released by the National Betting Authority (NBA) on Tuesday....

622. Russia to bar entry for people from growing list of 'unfriendly' nations

Russia said on Monday it was preparing to restrict entry into Russia for nationals of "unfriendly" countries, which include Britain, all European Union states and the United States. ...

623. Putin not seen ready to compromise ahead of peacetalks

Ukraine and Russia were preparing on Monday for the first face-to-face peace talks in more than two weeks, but a senior U.S. official said Russian President Vladimir Putin did not appear ready to make compromises to end the war....

624. Russians pile into property in Istanbul and Dubai to shelter from sanctions

Wealthy Russians are pouring money into real estate in Turkey and the United Arab Emirates, seeking a financial haven in the wake of Moscow's invasion of Ukraine and Western sanctions, according to many property companies....

625. Ten more years of roaming without additional fees

The EU will renew the “Roam Like At Home” scheme for another ten years, under plans adopted by Parliament on Thursday....

626. Putin wants 'unfriendly' countries to pay for Russian gas in roubles

Russia will seek payment in roubles for gas sales from “unfriendly” countries, President Vladimir Putin said on Wednesday, sending European gas prices soaring on concerns the move would exacerbate the region’s energy crunch....

627. Expert says testing blindly a waste of money

A medical expert in Cyprus says wide-ranging rapid tests on the island have been a waste of money, adding he was in favor of targeted testing but only if it was focused on specific populations and criteria...

628. Ukraine rejects Russian neutrality idea as Zelensky prepares to address Congress

Ukraine on Wednesday dismissed Russian proposals to turn it into a neutral state, as the United States readied a huge package of military aid ahead of a historic address to Congress by Kyiv's defiant leader....

629. Olena Zalenska implores the West to help Ukraine

With targets on the backs of her and her husband and from an undisclosed safe place, Ukraine's first lady Olena Zelenska sent out a desperate two-word plea to America and the world: "STOP WAR."...

630. Greek Supreme Court cracks down on derelict judges

Thirteen lower court judges have been terminated over the past three months and more may be on the way....