https://knews.kathimerini.com.cy/en/news/how-marcos-could-control-hunt-for-his-family-s-wealth-as-philippines-president
If Ferdinand Marcos Jr. triumphs in the upcoming Philippines presidential election, he will wield broad powers over government agencies seeking to recover as much as $10 billion plundered by his namesake father during his autocratic rule....
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-pillar-two-on-a-global-minimum-taxation
On 22 December 2021, the European Commission proposed a Directive on the introduction of a minimum effective corporate tax rate of 15% on large multinational enterprise (MNE) groups operating in the European Union (EU)....
https://knews.kathimerini.com.cy/en/news/eu-states-divided-over-russian-oil-sanctions
The European Union was preparing sanctions on Russian oil on Monday, with possible exemptions for wary countries, and warned that complying in full with Moscow's proposed scheme to receive gas payments in roubles would breach existing EU sanctions....
https://knews.kathimerini.com.cy/en/news/covid-curbs-lifted-in-greece-ahead-of-summer-season
Greece lifted Covid-19 restrictions on Sunday for foreign and domestic flights, its civil aviation authority said, ahead of the summer tourism season that officials hope will see revenues bouncing back from the pandemic slump....
https://knews.kathimerini.com.cy/en/news/turkey-expands-usage-of-mir-to-circumvent-payment-problems-for-russian-tourists
Turkey is trying to attract more Russian tourists by expanding the usage of the Russian Mir payment system in Turkey as it seeks to bypass the payment bottleneck created by Western sanctions....
https://knews.kathimerini.com.cy/en/business/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). ...
https://knews.kathimerini.com.cy/en/news/test-drive-tag-misuse-out-in-the-open
The Transport Department is getting more negative publicity this week after information about widespread misuse of test drive tags reached lawmakers, with the minister vowing to tackle corruption from one scandal to the next...
https://knews.kathimerini.com.cy/en/business/consumers-to-buy-directly-from-automaker-not-from-dealer
Mercedes-Benz has reached an agreement with its European dealers to switch to a new dealership model, in which customers will buy directly from the automaker and not from the dealer, the German brand said....
https://knews.kathimerini.com.cy/en/news/ukraine-rushing-to-evacuate-civilians-as-the-war-hits-its-6th-week
Fearing a new offensive in the six-week-old war, Ukraine rushed to evacuate civilians as Russian forces pounded cities and towns in the east and south, and Kyiv called on the West to place "ruinous" sanctions on Moscow....
https://knews.kathimerini.com.cy/en/news/russia-teetering-on-brink-of-default-as-us-stops-bond-payments
The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant to ratchet up pressure on Moscow and eat into its holdings of dollars....
https://knews.kathimerini.com.cy/en/news/lagarde-cyprus-will-be-affected-by-inflation-and-rising-energy-costs
Cyprus will be affected by inflationary pressures and higher energy costs due to its dependence on oil imports for electricity generation, according to European Central Bank President Christine Lagarde....
https://knews.kathimerini.com.cy/en/news/€12-9-million-in-revenue-collected-from-gambling-sector-in-2021
The betting sector in Cyprus has rebounded, reaching pre-COVID-19 levels in the fourth quarter of 2021, according to financial data released by the National Betting Authority (NBA) on Tuesday....
https://knews.kathimerini.com.cy/en/business/cablenet-reports-double-digit-growth-for-2021
During 2021 revenue reached €53.5M, a healthy 14% growth over 2020. This double-digit growth in revenue was driven, largely by the significant growth in the overall Subscriber base, which recorded a 30% increase over the previous year. ...
https://knews.kathimerini.com.cy/en/news/fast-track-procedure-for-building-permits
More than 2,500 building permits have been issued under the new, fast-track procedure since it was implemented in October 2021, Interior Minister Nicos Nouris said on Saturday addressing the 29th General Assembly of the Cyprus Association of Civil Engineers....
https://knews.kathimerini.com.cy/en/news/perdios-we-will-cover-the-loss-of-revenue-from-russian-tourists
Despite losing ground in the Russian and Ukrainian markets due to the war in Ukraine and sanctions against Russia, Deputy Tourism Minister Savvas Perdios was optimistic on Tuesday that this year's tourist arrivals could catch up with 2021 from the promotion of other markets, which may fill part of the gap from Cyprus' second largest tourist market....
https://knews.kathimerini.com.cy/en/news/the-cypriot-oligarch-and-passports
On the first day of the invasion, Thursday, February 24, as Ukrainian cities were being bombed by the Russian army, Vladimir Putin met with 37 businessmen and members of his government to assess the impact of sanctions already imposed by the United States and members of the European Union....
https://knews.kathimerini.com.cy/en/news/loss-of-1-5-to-2-of-cypriot-gdp-due-to-a-ban-on-russian-flights
Cyprus could lose 1.5% to 2% of its growth rate this year if the Cypriot airspace (under EU sanctions) to Russia remains closed for the whole of 2022, estimates the rating agency DBRS Morningstar, noting that despite the negative impact, the war in Ukraine will not derail the medium-term prospects of the Cypriot economy....
https://knews.kathimerini.com.cy/en/news/op-ed-a-new-impetus-for-gas-in-the-eastern-mediterranean
The war in Ukraine has upended Europe’s energy security. Continuing to rely on Russian energy is no longer tolerable, even if the relationship cannot be severed overnight....
https://knews.kathimerini.com.cy/en/news/finance-minister-concerned-over-rising-energy-and-grain-prices
Finance Minister Constantinos Petrides said today that he is concerned about the rising prices of grain and energy and the possibility of 'stagflation', but excluded the possibility of the Cypriot economy slipping into recession....
https://knews.kathimerini.com.cy/en/news/eu-sanctions-14-more-oligarchs-blocks-transactions-with-belarus-central-bank
The European Union has agreed to impose sanctions on 14 more Russian oligarchs, freeze relations with Belarus’ central bank and curb three top lenders in that country, the EU Commission said on Wednesday....
https://knews.kathimerini.com.cy/en/news/eu-plans-to-cut-russian-gas-imports-by-two-thirds-in-a-year
The European Union will outline a plan on Tuesday to cut Russian gas imports by two-thirds within a year as it seeks to reduce its dependency on the country’s fuel supplies after Moscow’s invasion of Ukraine.
...
https://knews.kathimerini.com.cy/en/news/karousos-the-russian-and-ukrainian-markets-are-lost-for-this-year
An action plan for replacing the lost tourism from the Russian and Ukrainian markets is being prepared according to the Minister of Transportation, Communications and Works Yiannis Karoussos....
https://knews.kathimerini.com.cy/en/news/eu-plans-to-freeze-assets-of-putin-lavrov
As the Ukraine crisis escalates since Russia invaded the country on Thursday following President Vladimir Putin's announcement of "military operation", ...
https://knews.kathimerini.com.cy/en/news/iceland-to-hang-up-harpoons-for-good-issuing-no-more-whaling-permits
Whales off the coast of Iceland will be left alone by the end of next year after the nation’s Fisheries Minister announced the cancelation of all new permits for commercial whaling....
https://knews.kathimerini.com.cy/en/news/gesy-€1-21-billion-in-expenses-from-920-000-beneficiaries-in-2021
Total expenses for services from the General Healthcare System (GHS) in Cyprus came to €1.21 billion in 2021, from approximately 920,000 beneficiaries, Senior Officer of the Health Insurance Organisation (HIO) Angelos Tropis told CNA, adding that based on the preliminary results, the 2021 expenses will approximately be equal to total revenue.
...
https://knews.kathimerini.com.cy/en/news/tui-large-demand-for-travel-this-summer
The tourist giant TUI gives optimistic prospects for this year's tourist traffic, which announced increased revenues of 2.37 billion euros in the first quarter of 2022, ...
https://knews.kathimerini.com.cy/en/news/housing-projects-to-be-funded-from-casino-revenue
CLDC plans to build more than 800 housing units in the coming years, which will be allocated either through the affordable housing plan or through the new affordable rent plan for economically vulnerable households....
https://knews.kathimerini.com.cy/en/business/pandemic-to-‘spell-end-of-tax-privileges-for-billionaires
Thomas Piketty is one of the most famous economists in the world. His weighty tomes on inequality and its dangerous consequences for global capitalism have been widely praised by other stars of the dismal science, like Paul Krugman and Robert Solow. ...
https://knews.kathimerini.com.cy/en/business/anti-vaxxers-making-‘at-least-$2-5m-a-year-from-publishing-on-substack
A group of vaccine-sceptic writers are generating revenues of at least $2.5m (£1.85m) a year from publishing newsletters for tens of thousands of followers on the online publishing platform Substack, according to new research....
https://knews.kathimerini.com.cy/en/news/op-ed-the-eastmed-project-and-dilemmas-over-energy-strategy
The unprecedented energy crisis unfolding in Europe is a result of the European Union’s stubborn and one-sided preoccupation with the Green Deal (which is important in its own right). ...
