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271. Cyprus drilling programme to resume in mid-2021

The Cyprus hydrocarbon exploration programme will resume in the second half of 2021, energy minister Natasa Pilides said Tuesday, noting however that the pandemic has rendered drilling projects “increasingly complex.”...

272. KPMG survey: companies see climate change as financial risk but disclosure quality must improve

56% of the world’s 250 largest companies (G250) now acknowledge climate change as a financial risk to their business in their corporate reporting, according to a new KPMG International survey, which also revealed that the quality of climate-related risk disclosures among these companies needs to improve...

273. KPMG says it will be net zero carbon by 2030

KPMG announced its intention to become a net-zero carbon organisation by 2030, as part of its continued focus on delivering growth in a sustainable way and providing climate solutions for member firms, clients and society...

274. Strong quake strikes eastern Aegean

A large earthquake measuring 6.7 on the Richter scale struck off the eastern Aegean island of Samos on Friday, sending reverberations that were felt all the way in the Greek capital, nearly 300 kilometers away, the National Observatory of Athens’ (NOA) Geodynamic Institute reported....

275. Game plan to circumvent passport rules

Meme culture enthusiasts in Cyprus upped their game this week following a passport scandal reported by Al Jazeera, with catchphrases such as “this is Cyprus” and name dodging tricks seen in a secret video prompting media to spot five ways a lawyer could circumvent the system in the golden passport scheme...

276. EY TaxLegi: tax and legal insights and perspectives provided by EY Cyprus

EY Cyprus is pleased to announce the launch of TaxLegi, a specialised monthly newsletter (blog) that provides insights and EY perspectives mainly on Tax and Legal aspects, utilising both current news and blog articles produced by our Tax and Legal team...

277. Kinvara Balfour at Digital Agenda Cyprus Summit 2020

Lady Kinvara Balfour advises companies big and small (Jimmy Choo, Richemont, Smythson, UBS, Evian, Coutts to name a few) on what is cool out there in the zeitgeist. She understands the worlds of tech, fashion and popular culture and the psychology that drives them....

278. Erdogan-Tatar: Varosha to open to the public on Thursday

Developments regarding Varosha were moving full speed ahead on Tuesday after rumours regarding the reopening of the fenced-off town were confirmed. In statements, Tayyip Erdogan and Ersin Tatar said that on Thursday, the public will be able to visit the areas that will open....

279. Commission presents new migration plan for EU

The European Union's executive proposed on Wednesday overhauling the bloc's broken migration and asylum rules, seeking to end years of feuds and bitterness over the many people fleeing conflict and poverty in the Middle East and Africa....

280. Pompeo 'deeply concerned' over eastern Med

The United States remains 'deeply concerned' about Turkey's actions in the eastern Mediterranean, Secretary of State Mike Pompeo said on Saturday, urging a diplomatic end to a simmering crisis over offshore natural resources...

281. Russia’s top diplomat visits Cyprus

Russian Foreign Minister Sergey Lavrov is flying to the Republic of Cyprus on Monday where a new agreement is expected to be signed on the avoidance of double taxation between the two countries...

282. Entrance fees to be scrapped at 12 Cyprus museums

Entrance fees will be scrapped at 12 museums across Cyprus in a bid to boost visitors....

283. Cyprus open to defining maritime zones

Cyprus said on Tuesday it was willing to engage with all its neighbours on defining maritime boundaries, amid a tense stand-off with Turkey in the eastern Mediterranean over jurisdiction in the energy-rich waters...

284. Cyprus 'golden passports' get popular amid pandemic

The Republic of Cyprus’ investment-for-citizenship program proved to be the second most popular scheme of the sorts amid the global pandemic, with new citizenship applications during the first quarter of 2020 marking a 75% increase compared to the same period last year....

285. Cypriot president in Paris for talks

Cypriot President Nicos Anastasiades is set to meet French President Emmanuel Macron in Paris on Thursday, as the two leaders get together amid heightened rhetoric over the eastern Mediterranean...

286. EU summit breaks up after all-night talks, to resume later

A marathon European Union summit has broken up temporarily in the fourth day of acrimonious haggling over an unprecedented 1.85 trillion-euro ($2.1 trillion) EU budget and coronavirus recovery fund to tackle the crisis. The weary leaders were scheduled to resume the meeting Monday afternoon....

287. Cyprus scores Wizz Air base in Larnaca

Cypriot aviation scored a big win this week after Wizz Air said it would turn Larnaca airport into a base, as the island is trying to restore connectivity and the airline industry going through a hygiene makeover...

288.  Driver arrested in Germany after car drives into carnival crowds

Ten people have been injured after a car ploughed into a carnival parade in the western German town of Volkmarsen, police said...

289. Greek PM meets with five EU leaders over bloc's budget

Greek Prime Minister Kyriakos Mitsotakis held talks in Brussels on Friday with the leaders of Germany Angela Merkel, France Emmanuel Macron, Spain Pedro Sanchez, Italy Giuseppe Conte and Portugal Antonio Costa in a bid to break a deadlock in negotiations for the European Union’s 2021-2027 budget....

290. Summit standoff as EU leaders grapple with Brexit-sized hole in budget

EU leaders made no headway on Thursday in fractious talks on a joint 2021-27 budget that was left with a 75 billion-euro (62.9 billion pounds) hole after Britain’s departure at a time when they face costly new challenges from climate change to migration....

291. New Life in Cyprus of Russian Businessman after unfair seizure of Promsvyazbank

In 2017 Dmitry Ananiev was at the peak of his success. He and his brother Alexei owned a bank, an IT firm and an office complex overlooking the Moscow River. ...

292. French Defence Minister expresses solidarity with Cyprus

The French Defence Minister, Florence Parly, who met on Tuesday with President Nicos Anastasiades and her Cyprus counterpart Savvas Angelides, expressed France’s solidarity with Cyprus, which she said is under intense pressure when seen from an international perspective....

293. One in five deaths in Cyprus tobacco-related

One of the leading causes of preventable mortality in Cyprus is death due to lung cancer, while one in five deaths is tobacco-related, Cyprus’ state of health profile, compiled by EU bodies, showed....

294. Kobe Bryant dies in helicopter crash

The sporting world was plunged into mourning on Sunday as news of Kobe Bryant’s death in a helicopter crash spread leaving the rich and famous, presidents, Hall of Famers and ordinary fans stunned...

295. PwC Cyprus tax guide 2020 now available

The practical guide provides general information about Cyprus’ tax system as it is based on current Cyprus legislation and practice and includes the most recent changes in our direct and indirect tax laws...

296. K. Treppides & Co Ltd: Family offices and Succession Planning for the Next Generation

The expansion of the family office sector has increased exponentially since the millennium. For most family offices, the greatest challenge to overcome is the successful transfer of the family structure to the next generation....

297. Cyprus President saddened over latest statements by Turkish FM

President of Cyprus Nicos Anastasiades said on Monday that he was saddened to hear about the latest statements by Turkish Foreign Minister Mevlüt Çavuşoğlu, noting that “they convey in essence the message that the Turkish side is not returning to the negotiating table if the requirements it is putting forward are not met.”...

298. Chavez daughter got funds through Cyprus

More allegations of money laundering implicate Cyprus with a special report saying a Florida account accessed by the daughter of late Venezuelan president Hugo Chavez had money transfers from a bank on the island...

299. PwC: Fear of automation greatest among those getting fewest opportunities to upskill

300. Cambodia’s elite exposed through Cyprus

Golden visas are back in the news following reports that members of the Cambodian elite received or applied for Cypriot passports, with Reuters raising questions over the citizenship by investment programme...