https://knews.kathimerini.com.cy/en/news/calls-to-reduce-fines-for-late-ubo-submissions-in-cyprus
High fines have spurred companies in Cyprus to comply with the submission of beneficial ownership details to the Company Registrar's Beneficial Ownership Register.
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https://knews.kathimerini.com.cy/en/news/eurobank-takes-control-with-55-3-share-in-hellenic-bank
The European Central Bank (ECB) has given its approval for Eurobank to acquire a majority stake of over 50% in Hellenic Bank, marking a significant milestone in the banking landscape of Cyprus....
https://knews.kathimerini.com.cy/en/news/eurobank-set-to-dominate-cyprus-insurance-scene-with-hellenic-stake
As Eurobank eagerly anticipates the green light from regulatory bodies such as the European Central Bank, the Central Bank of Cyprus, and the Companies Registrar for its acquisition of 55% ownership......
https://knews.kathimerini.com.cy/en/news/hotel-brain-sets-sights-on-cypriot-hospitality-domination
The Greek hospitality powerhouse, Hotel Brain, sets its sights on Cyprus, unveiling plans to tap into the island's vibrant market....
https://knews.kathimerini.com.cy/en/business/goodbye-to-annual-fees-for-registered-companies
The annual fee for companies registered with the Registrar of Companies will be abolished from 2024 onwards, but the annual fees for the years 2011 to 2023 will continue to apply, the Department of the Registrar of Companies said in a statement....
https://knews.kathimerini.com.cy/en/business/how-trademarks-empower-businesses-in-the-digital-era
In the digital era, registering trademarks is of paramount importance, especially for small businesses and new entrepreneurs, as they play a crucial role in protecting a company’s brand and intellectual property....
https://knews.kathimerini.com.cy/en/business/companies-grapple-with-soaring-fines-amidst-regulatory-confusion
There's a significant issue with hefty fines hitting companies hard – we're talking about a daily hit of €100. The crux of the matter lies in a bureaucratic mix-up regarding the accurate records of company ownership, managed by the Company Registrar....
https://knews.kathimerini.com.cy/en/news/government-unveils-e-justice-system-for-streamlined-legal-processes
In a significant move toward digital transformation, Cyprus inaugurated the e-justice information system on Monday, enabling the electronic registration of documents throughout the judicial process....
https://knews.kathimerini.com.cy/en/news/piki-shares-the-government-s-tech-powered-6-year-plan
The government is ramping up the execution of a series of projects, bolstering resources and expertise in collaboration with the Deputy Ministry of Research, Innovation, and Digital Policy, according to Irene Piki, Deputy Minister to the president....
https://knews.kathimerini.com.cy/en/news/government-to-expand-workforce-in-2024
In the 2024 budget, authorities anticipate total general government revenue of €13.2 billion and expenditures of €11.8 billion, resulting in a fiscal surplus of €659 million, equal to 2.2% of GDP. ...
https://knews.kathimerini.com.cy/en/news/finmin-underlines-the-importance-of-disciplined-policy
The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....
https://knews.kathimerini.com.cy/en/business/eba-tightens-its-grip-in-response-to-sanctions
Following the uproar caused by the lists of sanctions issued by the US, UK, and European authorities, the European Banking Authority (EBA) is tightening its standards in response. ...
https://knews.kathimerini.com.cy/en/news/cyprus-favors-sanctions-while-taking-jab-at-turkey
Cypriot Foreign Minister Constantinos Kombos has accused Turkey of shunning Europe’s sanctions against Russia, while also expressing his own country’s support for a 'proper implementation' of measures amid reports that Athens cried foul over Kiev’s proposal to blacklist Greek companies...
https://knews.kathimerini.com.cy/en/news/latest-sanctions-list-revealed-no-new-cypriot-names-so-far
The UK announced a new sanctions list on Friday (19/05), which has been made public. However, as of now, there are no Cypriot names included in the list....
https://knews.kathimerini.com.cy/en/news/nicosia-scrambles-to-ease-burden-on-sanctions
The Registrar of Companies will accept requests from service providers to replace sanctioned persons with other persons, according to reliable sources...
https://knews.kathimerini.com.cy/en/business/rights-violations-raise-concerns-amid-sanctions
The Pancyprian Bar Association has expressed growing concerns over the violation of fundamental rights of both individuals and legal entities affected by the recent restrictive measures and sanctions imposed on April 12, 2023....
https://knews.kathimerini.com.cy/en/news/cypriot-firms-struggle-to-detach-from-sanctioned-providers
The business registrar in the Republic of Cyprus has been flooded with requests from companies scrambling to make changes to their structures, after hundreds of firms on the island saw their assets frozen due to new sanctions targeting agencies viewed by Washington and London as 'Russian enablers'...
https://knews.kathimerini.com.cy/en/news/100-cypriot-wines-to-feature-new-winecore-logo-on-packaging
The wine industry in Cyprus is at a turning point, as coordinated upgrading and promotion efforts are underway in both the private and public sectors. ...
https://knews.kathimerini.com.cy/en/news/new-law-will-require-presidential-candidates-to-disclose-donations
Today (Wednesday, April 26), the Parliament's Institutions Committee began discussing the law proposal submitted by DISY MP and chairman of the Committee, Demetris Demetriou, on behalf of his party's Parliamentary Group, ...
https://knews.kathimerini.com.cy/en/news/cyprus-elections-the-locations-of-polling-stations around-the-world
The polling stations abroad for the Presidential Elections (1st round 05/02) have been announced by the General Election Commissioner....
https://knews.kathimerini.com.cy/en/news/bicycle-helmets-now-mandatory
The regulation that establishes the requirement for the use of protective helmets in accordance with the Law states that as of today, February 1, cyclists and cyclist passengers must wear protective helmets at all times....
https://knews.kathimerini.com.cy/en/news/averof received-funds-from-russian-oligarchs-says-nikolas
Phedonas Phedonos has mentioned Averof Neofytou in relation to his complaint about Russian oligarchs financing a candidate, says DIKO President Nikolas Papadopoulos....
https://knews.kathimerini.com.cy/en/news/finance-minister-responds-to-cbs-disinformation-and-fake-news
The report on the CBS show '60 Minutes' about Russian oligarchs was referred to by the Finance Minister in his detailed response on the issue. ...
https://knews.kathimerini.com.cy/en/news/frontline-s-cyprus-move-fails-to-impress-rival
Plans by a shipping tycoon to redomicile his company to Cyprus became unclear after Frontline announced a merger with a rival oil tanker operator fell through...
https://knews.kathimerini.com.cy/en/news/cyprus-made-when-to-expect-the-branded-products
Local products can now be branded as Cypriot-made. After a year of work, consultations, and procedures, as well as research into international examples, a new brand name for Cypriot products has been developed: Cyprus Made - Unique by origin....
https://knews.kathimerini.com.cy/en/business/one-stop-shop-for-shipping-companies-in-cyprus
The plenary of the House of Representatives unanimously passed a law on Thursday that provides for the establishment of a one-stop-shop framework for shipping companies....
https://knews.kathimerini.com.cy/en/news/labor-minister-zeta-emilianidou-has-died-aged-68
The Presidency of the Republic has expressed its deepest sorrow over the death of Labour and Social Insurance Minister Zeta Emilianidou....
https://knews.kathimerini.com.cy/en/news/cyprus-targets-alleged-fathers-in-immigration-scheme
Cypriot Interior Minister Nicos Nouris has sent out a cable telling administrators to hold off on issuing any birth certificates in cases where staff may have doubts over the paternity of a child until new legislation can allow sampling DNA from alleged fathers...
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/news/cyprus-civil-service-secret-out-in-the-open
Thousands of civil servants have been found to run private businesses or direct companies without permission from the state, with officials calling on violators to comply with the law and some politicians calling for an investigation into possible conflicts of interest...
