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61. The effects of Global warming on banks and insurance companies

One of the last print editions of the Economist had the title ‘Say goodbye to 1.5° C’ which refers to the goal of limiting the increase in the average temperature of the planet to 1.5 degrees Celsius...

62. Finance Minister calls for the repeal of foreclosure suspension

The Ministry of Finance proposes delaying the law on divestiture suspension. ...

63. Announcement: Appointment of Principal and Senior Managers in K. Treppides & Co Ltd

The Management of K. Treppides & Co Ltd is committed to develop leaders who derive from own people and who pursue excellence in the provision of high quality specialised and unique services. We are pleased to announce the appointment of the following members on the Board of Management effective as of 1 November 2022....

64. Loan interest rates rise for a second consecutive month

Lending interest rates in Cyprus rose for a second consecutive month in August, with credit institutions pricing rate hikes by the European Central Bank and increased credit risk due to uncertainty and inflation pressures fuelled by the war in Ukraine....

65. Global fintech market resilient in H1’22 - $107.8 billion in investment, according to KPMG’s Pulse of Fintech

Global fintech investment declined from $111.2 billion in H2’21 to $107.8 billion in H1’22, but remained remarkably resilient compared to historical trends given the challenges affecting the broader investment market, including geopolitical uncertainty, growing inflation, and increasing interest rates. ...

66. A cat has nine lives. So does the Cyprus property market.

Where is the Cyprus property market heading? I have been asked this question countless times over the past three months, primarily from foreign investors who are trying to appreciate how the rise in inflation, increase in interest rates, and war in Ukraine is affecting local market dynamics....

67. EY Cyprus recognized by International Tax Review as National Transfer Pricing Firm of the Year for the fourth consecutive time

For the fourth consecutive year, EY Cyprus was named Transfer Pricing Firm of the Year by the International Tax Review (ITR) in recognition of the high-quality tax services offered. ...

68. Cheaper electricity in September - How much will you pay?

The issue of electricity pricing is at the top of every household's agenda, especially with galloping inflation and the increase in fuel prices, making it a big hurdle for many. Despite this, things seem to be encouraging as far as September is concerned as bill pricing is expected to be reduced....

69. Metsola: 'Europe's bloc is made stronger by the discovery of so much natural gas in your country'

In anticipation of Roberta Metsola's visit to Cyprus on September 9th, Kathimerini's George Kakouris sits down with the European Parliament President and gets her take on the Cyprus problem, recently discovered natural gas reserves and the issue behind Cyprus' "golden passport" scandal....

70. EAC: Electricity rates to be increased by 24%

The Cyprus Electricity Authority's pricing plans are expected to be approved by the Cyprus Energy Regulatory Authority in the coming days, EAC spokesperson Christina Papadopoulou told CNA on Tuesday....

71. Thousands of Britain's 'fish and chip' shops could close within a year

The United Kingdom's fish-and-chip shops are under severe strain as the prices of key ingredients — including cod and cooking oil — soar as a result of the Russian assault on Ukraine....

72. Cyprus - Greece ferry connection: Tariffs and dates

After 21 years, the maritime passenger connection between Cyprus and Greece becomes a reality. On June 19, M/V Daleela will set sail from the port of Limassol on its first of many roundtrip voyages to Piraeus, thus inaugurating the new service put in place by the Ministry of Shipping....

73. 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). ...

74. Finance Ministry increases 2022 inflation estimate to 4%

The Ministry of Finance has revised an initial 2022 inflation estimate of 1.5% to 4% due to the rise in petrol prices in the midst of the crisis in Ukraine....

75. 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)....

76. Up to 10 cents more for oil and gas from today

An increase in the price of fuel is expected to begin today. The deputy director of the Consumer Protection Service, Antonis Ioannou, told Kathimerini...

77. Global markets tumble after Putin orders invasion

The FTSE 100 index fell by more than 1.5 percent today and European shares hit a seven-month low with a long-feared Russian invasion of Ukraine now appearing to be underway....

78. 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....

79. EY presents Cyprus Tax Facts 2022 guide

EY Cyprus is pleased to share the latest Cyprus Tax Facts guide – in English – which provides a straight-forward, holistic summary of the Cyprus tax system, based on current legislation and tax practices, in relation to the fiscal year 2022....

80. Memorandum of Understanding on organ donation and transplants

The Minister of Health Mr. Michalis Hadjipandelas, who is accompanying the President of the Republic Mr. Nikos Anastasiadis in Madrid, signed today, on the sidelines of the President's visit, a Memorandum of Understanding for Health Cooperation between Cyprus and Spain....

81. 'Three Approaches to Measuring Natural Resource Scarcity: Theory and Application to Groundwater'

Professor Phoebe Koundouri's thesis, "Three Approaches to Measuring Natural Resource Scarcity: Theory and Application to Groundwater" which was published by Peterhouse of the University of Cambridge, is now available for free on Read Library....

82. 10% reduction in electricity costs

The Minister of Energy, Trade and Industry, Ms. Natasa Pileidou, today announced a series of measures designed to ease the skyrocketing costs of electricity in households and business....

83. EY Cyprus participated in the 4thCyprus International Tax Conference

EY Cyprus has once again supported and participated in the 4thCyprus International Tax Conference, on Tuesday March 30th....

84. EU could pay over $10 billion for Pfizer and CureVac vaccines

The European Union could pay more than $10 billion to secure hundreds of millions of doses of the vaccine candidates being developed by Pfizer-BioNTech and CureVac, an EU official involved in the talks told Reuters....

85. Network resilience in a post-pandemic world

While telcos have largely risen to the challenge of withstanding a surge in network demand during the COVID-19 pandemic, pressure to maintain infrastructure resilience and expand reach emerges as the most pressing sector challenge...

86. Buyer’s market and herd immunity

The most unhappy property buyers are the ones who believe that the real estate market is a Buyer’s Market and discover that in the end the market is anything but a buyer’s market...

87. Businesses pursue strategies for turning challenges into opportunities

The results of the third round of the CFO Pulse survey conducted by PwC on the effects of COVID-19 on businesses and the wider economy reveal that 46% of CFOs believe that if COVID-19 were to end today, their company could get back to “business as usual” within three months...

88. Cyprus must remain successful in battle against virus, Health Minister says

Cyprus has been successful so far in controlling COVID-19 but needs to remain so, said Health Minister Constantinos Ioannou, noting that the EU must improve the overall quality of its healthcare services to be better positioned to deal with issues like COVID-19 in the future....

89. Paphos mayor: Government should regulate 'black market pricing' of COVID-19 tests

Condemning the fact that some are taking advantage of the health crisis and making extraordinary profits, Paphos Mayor Phedonas Phedonos demanded on Friday that the government moves to set the price of coronavirus lab tests through a decree....

90. Uncertainty reigns across international tax landscape