Search

1. EU acts against Russian-owned companies

The European Commission released guidelines on the implementation of the new article 5r of Council Regulation 833/2014 of the 12th package of restrictive......

2. January Newsletter of K. Treppides & Co Ltd: CySEC

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

3. Central Bank chief cautions on early rate cuts amid global tensions

Central Bank Governor and European Central Bank (ECB) member Constantinos Herodotou stated that discussions regarding interest rate reductions are premature, given ongoing geopolitical conflicts and potential disruptions in the supply chain arising from tensions in the Red Sea....

4. Dr. Anastasatos forecasts bright future for Cyprus economy

Eurobank group's chief economist, Dr Tasos Anastasatos, expresses optimism about the Cyprus economy, emphasizing that the decision to expand the group's banking presence in Cyprus is linked to these positive economic prospects....

5. Tension peaks in Cyprus natural gas development

The development of the Natural Gas network of Cyprus has become a tangled mess, as after the delays in the schedules......

6. EU extends sanctions on Turkey for East Med drilling

In a press release on Thursday, the Council of the European Union announced the renewal of restrictive measures against Turkey for unauthorized drilling activities in the Eastern Mediterranean....

7. Central banks across Europe hold firm amidst rate cut speculations

Europe's top central bankers have affirmed that despite market expectations for a reduction due to weakening growth, interest rates will persist at elevated levels. ...

8. ECB maintains interest rates amid tightening impact

The European Central Bank (ECB) has opted to maintain interest rates unchanged for the first time in over a year, marking a shift following 10 consecutive rate hikes. ...

9. ECB set to keep rates steady, says Central Bank of Cyprus governor

No interest hikes are expected in the next European Central Bank Governing Council meeting, as the latest available recent data suggest that the ECB rates have reached a level that, if maintained, will contribute to the return of inflation to the medium-term target of 2%, Constantinos Herodotou, Governor of the Central Bank of Cyprus and ECB Governing Council member told CNA on Wednesday....

10. Cypriot bonds dive as ECB battles inflation surge

The value of Cypriot bonds held by the Eurosystem has dipped below €7 billion as the European Central Bank takes measures to combat inflation. ...

11. Nicosia to appoint sanctions czar

The Cabinet on Wednesday decided on a series of measures and actions for the coordination on issues related to sanctions, Government Spokesperson Constantinos Letymbiotis announced...

12. United by Pride: A bold step towards human rights and peace in Cyprus

An important event for human rights and peace in Cyprus is set to take place in Nicosia on Saturday, June 17. It is the "United by Pride" Intercommunal Pride March, featuring two parallel marches starting at 18:00 from two central locations in Nicosia: Eleftherias Square and Kougioulou Park. ...

13. US ambassador praises Cyprus on sanctions

US Ambassador Julie Fisher is dismissing claims that Washington is using arm-twisting tactics in Nicosia for sanctioning companies on the island, while pointing out Cypriot government statements are in line with the EU’s transatlantic consensus on Russia’s war in Ukraine...

14. Cyprus favors sanctions while taking jabs 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...

15. Cyprus banks' strict adherence to sanctions worries legitimate entities

Banks have become cautious regarding sanctions imposed by the USA, EU, and UK, and they are not willing to take any risk in serving individuals or entities in Cyprus who are subject to sanctions....

16. 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....

17. May Newsletter of K. Treppides & Co Ltd: CySEC

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

18. March Newsletter of K. Treppides & Co Ltd: CySEC

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

19. March Newsletter of K. Treppides & Co Ltd: CySEC

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

20. Cyprus does right by wronged farm workers

A foreign worker who says he fell out of status after being wronged in a labor dispute is getting support from Cypriot authorities, along with over a dozen suspected victims of labor exploitation after police, labor, and immigration officers coordinated a raid on a farm in Famagusta district after his complaint...

21. 113.7% increase in counterfeit euro banknotes in 2022

In 2022, 451 counterfeit euro banknotes were removed from circulation in Cyprus, an increase of 113.7 percent over the previous year....

22. No travel restrictions for Chinese arrivals in Greece and Switzerland

Greece and Switzerland will not impose travel restrictions for arrivals from China despite the current COVID-19 situation on the latter....

23. Cyprus undecided as divided EU debates Chinese travel

Nicosia failed on Tuesday to reach a decision on whether COVID measures should be imposed on travelers from China, with officials this week pointing to a new effort by the European Union to coordinate a response to Beijing’ move to ease restrictions...

24. Do officials care about the violence on the football pitches?

25. China: Protesters are summoned to present their case

Even though they were not identified during the protests, those who attended this weekend's protests in China have received phone calls from the authorities in recent days....

26. €100 million for companies affected by the covid pandemic

The European Commission has approved a 100 million euro Cypriot scheme to support companies and self-employed persons affected by the coronavirus pandemic, under the European Union’s State aid COVID Temporary Framework....

27. 'It's beginning to look a lot like Christmas!' (photos)

The Christmas Villages are set to begin in less than two weeks, on Saturday, November 26, and preparations by the participating communities are ongoing. ...

28. Cyprus adopts litmus test on visas for Russians

Russian citizens wishing to travel to Cyprus will soon need to prove they do not support their president Vladimir Putin, with reports confirming the Cypriot government joined stricter EU-wide measures half a year after Ukraine’s president called on Nicosia to get tough on the island’s Russians...

29. Euro-dollar exchange falls to a 20-year low

The escalation of the energy crisis with Moscow's aggressive, albeit predictable, decision to close the Nord Stream 1 pipeline indefinitely has led to a new fall in the euro, this time below 99 cents on the dollar....

30. Cyprus makes Russophobia list in Moscow report

Cyprus was among countries listed in a Moscow report on attacks and discrimination against Russians living abroad, with allegations on the island ranging from bullying in schools to stalking, threats of violence and financial sanctions...