https://knews.kathimerini.com.cy/en/news/g7-agree-on-plan-targeting-tax-heavens
The G7 reached a landmark deal on Saturday to pursue higher global tax rates on multinational businesses but the measures need broader support including an EU resolution, with retractors including Cyprus where Amazon recently registered a company...
https://knews.kathimerini.com.cy/en/news/imf-withdrawal-of-support-measures-should-be-gradual
An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....
https://knews.kathimerini.com.cy/en/news/folli-follie-report-unveils-17-year-scam
The troubled Folli Follie company’s major shareholders, the Koutsolioutsos family, reaped the benefits of a well-orchestrated fraud scheme that lasted for at least 17 years, under the nose of the supervisory authorities, generating hundreds of millions of euros in profits, according to an audit report by PricewaterhouseCoopers.
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https://knews.kathimerini.com.cy/en/news/cyprus-parliament-approves-legislation-for-social-enterprises
Parliament on Thursday passed into law a bill allowing social enterprises to be set up in the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/business/global-ipo-activity-rebounds-sharply
Q3 2020 bucked the traditionally slow IPO period as travel slowed, work from home and the markets were awash in liquidity resulting in the most active third quarter in the last 20 years by proceeds, and the second highest third quarter by deal numbers...
https://knews.kathimerini.com.cy/en/news/foreign-dwellers-cramped-in-5x5-units-in-paphos
Paphos Mayor Phedonas Phedonos has pointed the finger at white collar crimes after a “shocking experience” Monday night when he saw first-hand foreign nationals living in poor conditions in violation of city ordinances...
https://knews.kathimerini.com.cy/en/news/cyprus-tourism-gearing-up-for-‘british-invasion
The tourism industry in the Republic of Cyprus is fighting tooth and nail to minimize losses this year, with the tourism minister hinting at British arrivals in mid-July and hoteliers asking for specific dates to get ready...
https://knews.kathimerini.com.cy/en/business/a-grim-five-years-for-greek-tourism
Greece may not repeat the tourism arrivals and revenues record of 2019 before 2025, according to an Ernst & Young report on the effects of the pandemic on Greek tourism, heralding a five-year crisis for the sector. This year alone the local industry is set to lose about 10 billion euros, it said....
https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/business/companies-in-cyprus-are-ready-for-the-new-norm
CFOs in Cyprus appear more pessimistic in the second round of the survey conducted by PwC on the effects of COVID-19 on businesses and the wider economy...
https://knews.kathimerini.com.cy/en/news/paphos-mayor-government-should-end-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....
https://knews.kathimerini.com.cy/en/news/prio-a-solution-to-cyprus-problem-can-oe
A solution to the Cyprus problem will create large new markets, research conducted by the independent, bicommunal research centre PRIO showed....
https://knews.kathimerini.com.cy/en/news/cyprus-says-frigate-underlines-french-support
Cypriot Defence Minister Savvas Angelides says a French frigate within the Cypriot EEZ was not intended to militarize a situation but to show support from France towards the Republic’s sovereign rights...
https://knews.kathimerini.com.cy/en/news/coca-cola-hellenic-buys-out-acque-minerali
Local Coke bottler Coca-Cola Hellenic (CCHBC) has made its second buyout of 2019, acquiring Italy’s Acque Minerali, which is active in the domain of bottled water and refreshments.
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https://knews.kathimerini.com.cy/en/news/mitsotakis-sworn-in-as-pm-amid-east-med-tensions
Conservative politician Kyriakos Mitsotakis was sworn in as Greece’s new prime minister on Monday after storming to victory on a pledge to create jobs and lure investment to the economically stricken nation...
https://knews.kathimerini.com.cy/en/business/the-cypriot-company-that-feeds-the-world-with-coal
Carbo One Ltd is one of the biggest players in the world coal market with an almost 20 year experience, circulating more than 75 million tons of the good...
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-income-tax-law-amendments
The House of Representatives voted on 5 April 2019, a series of provisions amending the Income Tax Law which were published in the Official Gazette of the Republic on 25 April 2019...
https://knews.kathimerini.com.cy/en/business/cryptocurrencies-digital-assets-and-regulation
Following the latest trend with the VFA's or Cryptocurrencies or Digital Assets and the Blockchain technology behind them, a booming and contagious effect is spreading between Continents since they are considered to be the ‘golden key’ to a new age...
https://knews.kathimerini.com.cy/en/business/cyprus-in-the-new-international-tax-reality
In the years 2019-2020, Cyprus will transpose into its national law the provisions of the EU Anti Avoidance Directive, with three measures of the Directive being effective from 1st of January 2019...
https://knews.kathimerini.com.cy/en/business/implementation-of-the-multilateral-instrument
https://knews.kathimerini.com.cy/en/news/project-helix-differed-tax-prop-up-bank-of-cyprus-results
https://knews.kathimerini.com.cy/en/news/the-secret-for-a-successful-business-reorganization
In the business universe, there are two available structures for organizations to emerge, organically and externally through mergers and acquisitions...
https://knews.kathimerini.com.cy/en/news/berengaria-goes-on-‘best-offer-auction
The lienholders of the abandoned Berengaria have chosen to call for best offers on the legendary hotel, following a failed attempt to seal the deal in a recent auction where the minimum asking price of just over €2 million...
https://knews.kathimerini.com.cy/en/news/larnaca-cops-raid-suspected-brothel
A woman was arrested in Larnaca over the weekend on prostitution-related charges, while another female suspect is still wanted by authorities...
https://knews.kathimerini.com.cy/en/news/more-arrests-in-limassol-prostitution-sting
Two more women in Limassol have been arrested on prostitution-related charges, in connection with an undercover operation that led to an unprecedented police raid last week...
https://knews.kathimerini.com.cy/en/news/third-female-arrested-in-nicosia-brothel-case
A third suspect has been arrested in connection with a sex trafficking case, following the remand of two other women accused of being involved in running an illegal brothel in Nicosia...
https://knews.kathimerini.com.cy/en/news/two-women-accused-of-running-a-nicosia-brothel
Two Asian women have been remanded into custody in connection with a sex trafficking case including allegations of sex exploitation and pimping...
https://knews.kathimerini.com.cy/en/business/demetra-investment-acquires-16-stake-in-lordos-hotels
https://knews.kathimerini.com.cy/en/news/canada-legalizes-marijuana
https://knews.kathimerini.com.cy/en/news/turkey-to-drill-in-mediterranean-in-october
