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211. Banking sector to cut 600 more employees

The number of employees in the Cypriot banking sector will have been reduced further by the end of 2022. By the end of this year, 600 bank employees will have left the company, while about 50 will have been transferred to a similar but non-banking sector....

212. Americans show more interest in Greece's golden visa program

Americans’ interest in Greece’s Golden Visa program has marked a significant increase recently, according to the latest report of real estate experts Berkshire Hathaway HomeServices....

213. 20 years in prison for former Cypriot oligarch Oleg Deripaska

Russian oligarch Oleg Deripaska, who received a Cypriot passport in 2018 and had his Cypriot citizenship revoked in April 2022, faces a charge of conspiracy to violate and evade US sanctions with a maximum sentence of 20 years in prison....

214. Council pulls plug on Cyprus' Titina Loizidou case

The Council of Europe has tossed aside the Titina Loizidou case, a human rights political football between Turkey and Cyprus, with Nicosia noting its disappointment after some countries decided to pull the plug after many years...

215. 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....

216. Council of Europe discusses property rights of Greek Cypriot refugees

The Committee of Ministers of the Council of Europe is holding its quarterly meeting in Strasbourg, from September 20 to 22, to oversee the execution of judgments and decisions from the European Court of Human Rights. ...

217. Turkish Cypriot properties a thorny issue on the campaign trail

Candidates for the Presidential Elections that will take place in February 2023 paid a series of visits on Tuesday and Wednesday to villages, agencies and institutions while criticizing the government on various issues such as the management of the Turkish Cypriot properties in the government-controlled areas....

218. EU to help farmers transition from chemical pesticides by 2030

With its Farm to Fork program, the European Commission is helping farmers in the EU transition away from the use of chemical pesticides by adopting new rules that will facilitate the approval of micro-organisms for use as active substances in plant protection products....

219. Foreclosures suspended until the end of October 2022

The Cyprus Parliament on Thursday passed a bill suspending foreclosures until the end of October,...

220. Cyprus property market growing in number and value

The Cyprus property market is growing while getting pricier, as the number of properties rises by 1.5%, while their overall value increased by 2.2% based on January 2021 prices compared to 2018 data....

221. EY announces 4 new Partners in Cyprus and welcomes new Head of Consulting

EY Cyprus Country Managing Partner, Ronald Attard, has welcomed the announcement of 4 new partners to the Cyprus practice....

222. 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....

223. 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). ...

224. The Scorpions are coming to Cyprus in July!

The legendary rock band Scorpions will be performing at Tsirio stadium, in Limassol on Tuesday, July 12, 2022. In honor of the release of their first album 50 years ago, the band is on a world tour promoting the release of their new album "Rock Believer"....

225. 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....

226. Major projects underway in Larnaca, Nicosia

The Cyprus real estate and construction sectors are moving past the demise of the scrapped Citizenship for Investment Programme, turning their attention to the capital and the once-neglected coastal town of Larnaca, while Limassol, with its high-rises and cosmopolitan lifestyle, is still seeing part of the action....

227. New Russian asset tracker platform launched by non-profit

A nonprofit reporting network launched on Monday the Russian Asset Tracker, a database to track the assets of prominent Russians who have links to Vladimir Putin....

228. Where have wealthy Russians disappeared to?

It stretches into the Persian Gulf from Dubai. The man-made archipelago in the shape of a huge palm tree is full of luxury hotels, apartments and villas....

229. Squatters occupy Russian oligarch's London mansion

Squatters have occupied the London mansion suspected of belonging to Russian billionaire Oleg Deripaska, who was placed on Britain's sanctions list last week, unfurling a Ukrainian flag and a banner saying 'This property has been liberated'....

230. Italy seizes oligarchs' villas and yachts to put pressure on Russia

Italian police have seized villas and yachts worth 143 million euros ($156 million) from five high-profile Russians who were placed on sanctions lists following Moscow's attack on Ukraine, the government said on Saturday....

231. Ionian islet of Makri to go under the hammer in July

The summer is expected to show whether the one square kilometer islet Makri, a part of the Echinades island cluster in the Ionian Sea, will finally get a new owner, this time through an auction, after the original bid for its sale failed....

232. 'CBMs not proposed to deceive the Turkish Cypriots'

Substantial confidence-building measures (CBMs) are not made to deceive the Turkish Cypriots, President Anastasiades said Sunday, responding to statements made by the Turkish Cypriot leader Ersin Tatar....

233. Alpha bank group sells €2.4 billion NPL and real estate portfolio in Cyprus

Alpha Services and Holdings S.A. (together with its subsidiaries) has reached an agreement with an affiliate of Cerberus Capital Management, L.P. for the sale of a portfolio of Cypriot non-performing loans and real estate properties of a total gross book value of 2.4 billion euro....

234. MIT researchers create new material as strong as steel and light as plastic

MIT researchers have developed a new material that's as strong as steel but as light as plastic....

235. Hilton Group takes over two more hotels in Attica

Hilton Athens, the capital’s landmark hotel, may have just closed for an overhaul and rebrand into Conrad and Waldorf Astoria, but the Hilton Group is developing two more units in Attica....

236. Greek Cypriots fear Trojan horse in ghost town

Greek Cypriot officials in the south are calling once again on Varosha title deed holders to stay away from a “legal trap” in the north, pointing to Ottoman religious foundations officially acknowledged as interested parties by a commission that examines property claims in the divided island’s ghost town...

237. Tatar: A campaign to recognize the pseudo-state

238. Luxury residences in the works at Hilton Athens

Part of the agreement on the Hilton Athens hotel between Ionian Hotels and Hilton is for the landmark unit in the center of Athens to have about 50 luxurious private residences under the brands Conrad Residences and Waldorf Astoria Residences....

239. The new investment game

Accelerating the transition to a green economy is a no-brainer. It is no coincidence that it accounts for 36.3% of the total budget of the Recovery and Sustainability Plan...

240. Epic fail after Carmel forecasters get it wrong

The state forecaster in the Republic of Cyprus is defending a severe warning issued for Sunday, with social media users who stayed in saying they missed out on good weather after Storm Carmel failed to deliver...