https://knews.kathimerini.com.cy/en/comment/opinion/michalis-persianis-the-wet-firecracker
The Cyprus Confidential revelations turned out to be a 'petard mouille', a wet firecracker failing to generate the anticipated excitement. This disappointment surpassed the one we experienced when we photographed accountants, politicians, lawyers, and bankers up to their chests while in the nude....
https://knews.kathimerini.com.cy/en/news/pwc-s-secret-dance-with-russian-oligarchs-revealed
Another episode is unfolding that stains Cyprus' name on a global scale. This time, it's not about the Naturalization Program or "golden passports" but centers on sanctions imposed on Russian oligarchs since Russia invaded Ukraine in February 2022....
https://knews.kathimerini.com.cy/en/news/cyprus-confidential-unveils-scandalous-financial-ties
The ICIJ investigation reveals that PwC Cyprus collaborated with at least 12 Russians under Western sanctions, aiding in wealth transfer during Russia's annexation of Crimea and the Donbass war....
https://knews.kathimerini.com.cy/en/news/al-jazeera-report-trial-postponed-as-case-hits-legal-snag
In a significant development, the criminal case involving the Al Jazeera report and events tied to the exceptional naturalization of foreign investors and businessmen saw a postponement on Tuesday. ...
https://knews.kathimerini.com.cy/en/news/cyprus-gears-up-for-icij-bombshell-on-russian-ties
The government is on high alert due to the announcement of a documentary by the ICIJ on the Cypriot Investment Program and its relations with Russian oligarchs....
https://knews.kathimerini.com.cy/en/business/russian-tycoons-secure-bargains-as-multinationals-retreat
In the post-Ukraine war era, a unique trend is shaping Russia's business landscape. Big Western players like McDonald's, Ball Corp., and Henkel AG made a swift exit, leaving behind a $21 billion void. Enter a new generation of Russian business leaders, seizing opportunities amidst the multinational exodus....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/ministries-unite-to-transform-halloumi-industry
There is a need for order, mainly regarding the conduct of inspections but also other issues related to the production and distribution of halloumi cheese, the Ministry of Commerce and the Ministry of Agriculture are trying, with George Papanastasiou and Petros Xenofontos agreeing that the management of all issues concerning the product, should be transferred to one and only ministry. And this was deemed necessary, since halloumi is now a protected designation of origin....
https://knews.kathimerini.com.cy/en/news/new-us-sanctions-target-cyprus-over-russia-connections
Four individuals and two legal entities related to Cyprus are included in a new US list of sanctions imposed due to Russia's offensive against Ukraine....
https://knews.kathimerini.com.cy/en/comment/opinion/turkey-the-most-unreliable-ally-of-the-west
The latest developments in the Middle East after the terrorist actions of Hamas and the reaction of Israel have proven once again that Turkey does not want and does not belong to the Western alliance. Tayyip Erdogan’s decision to align himself with the extremist Islamists of Hamas and Iran clearly shows where the country is heading....
https://knews.kathimerini.com.cy/en/comment/opinion/the-queen-is-naked
The fairy tale of Hans Christian Andersen about the king who believed he was wearing splendid clothes while, in reality, he was naked, seems to be a fitting analogy for the situation of the European Union and its external policy....
https://knews.kathimerini.com.cy/en/news/biden-s-cabinet-seeks-$105-billion-aid-for-israel-and-ukraine
Defense Secretary Lloyd Austin and Secretary of State Antony Blinken will make the case Tuesday that the United States should immediately send aid to Israel and Ukraine, testifying at a Senate hearing as the administration’s massive $105 billion emergency aid request for conflicts in those countries and others has already hit roadblocks in the divided Congress.
...
https://knews.kathimerini.com.cy/en/news/former-president-s-startling-revelation-about-food
In April 2022, former Russian President Dmitry Medvedev, now deputy head of Russia’s Security Council, said on his Telegram channel: “Our food is our silent weapon. Silent — but formidable."...
https://knews.kathimerini.com.cy/en/business/cbc-lowers-gdp-growth-projections-for-2023-and-2024
The Central Bank of Cyprus has revised its growth projections for 2023 and 2024. They now expect GDP growth to be 2.4% in 2023 and 2.7% in 2024, down from their previous forecasts of 2.6% and 2.8%. This is due to Western sanctions against Russia and the fragile external environment affecting professional and non-tourism services....
https://knews.kathimerini.com.cy/en/news/farmers-hold-government-accountable-for-halloumi
Sheep and goat farmers are gearing up for decisive action, including staging a protest outside the Presidential building, if their meeting with the President on Tuesday, September 26, fails to address their demands concerning Halloumi's Protected Designation of Origin (PDO) status. Sotiris Kadis, the president of the Sheep and Goat Farmers Association, conveyed this message during an interview with SPOR FM and Diaspora News....
https://knews.kathimerini.com.cy/en/news/focus-on-growth-employment-control-and-surplus-in-the-2024-budget
The 2024 state budget to be tabled to the Council of Ministers for approval next week will have three key characteristics, Minister of Finance Makis Keravnos told CNA....
https://knews.kathimerini.com.cy/en/news/us-plane-brings-captives-back-home
The plane carrying five American citizens freed as part of a deal between the U.S. and Iran have now landed back home in the United States....
https://knews.kathimerini.com.cy/en/news/putin-and-erdogan-s-plan-for-turning-turkey-into-an-energy-hub-stalls
A joint endeavor between Putin and Erdogan to transform Turkey into a crucial conduit for Russian gas to Europe appears to have hit a roadblock, according to sources cited by Reuters....
https://knews.kathimerini.com.cy/en/news/us-anti-corruption-chief-shines-spotlight-on-cyprus
Richard Nephew, the Coordinator on Global Anti-Corruption at the US State Department, emphasized the severe consequences of corruption on economies and international investments during his visit to Cyprus....
https://knews.kathimerini.com.cy/en/news/european-law-puts-online-platforms-at-risk-of-fines-and-sanctions
Major online platforms risk fines and sanctions if they violate the new European law on digital services that came into force end of August and which, inter alia, makes online platforms legally responsible for the content posted on them....
https://knews.kathimerini.com.cy/en/news/spanish-soccer-president-stays-firm-after-lip-kissing-incident
Facing his possible removal from office, the president of the Spanish soccer federation refused to resign Friday despite an uproar for kissing a player on the lips without her consent after the Women’s World Cup final....
https://knews.kathimerini.com.cy/en/news/do-secret-chip-labs-help-huawei-avoid-u-s-sanctions
Huawei Technologies Co is building a collection of secret semiconductor-fabrication facilities across China to let the company skirt U.S. sanctions, a Washington-based semiconductor association has warned, Bloomberg News reported on Tuesday....
https://knews.kathimerini.com.cy/en/news/nearly-7-000-property-purchase-permits-granted-in-2-5-years
In the span from January 2021 to August 2023, approximately 6,958 foreigners were given the authorization to acquire real estate within the occupied territories, as reported by ''official'' data, according to a Yeni Dusen report....
https://knews.kathimerini.com.cy/en/news/former-fbi-leader-guilty-in-russian-oligarch-plot
The former head of counterintelligence for the FBI’s New York field office pleaded guilty Tuesday to one count of conspiracy in connection to a scheme working for a sanctioned Russian oligarch in 2021.
...
https://knews.kathimerini.com.cy/en/news/poland-s-big-parade-shows-readiness
Poland held its largest military parade in decades on Tuesday, in a flex of defensive muscle that comes as tensions rise on the border between the NATO nation and key Russian ally Belarus....
https://knews.kathimerini.com.cy/en/news/russia-implements-bold-rate-hike-amidst-economic-challenges
Russia's central bank took swift action today, increasing its key interest rate by 350 basis points from 8.5 percent to 12 percent. This urgent move aimed to counteract the recent decline of the ruble, which was triggered by the Kremlin's call for stricter monetary policy....
https://knews.kathimerini.com.cy/en/comment/opinion/tourism-s-dynamic-future-adapting-to-change-from-within
It's something we've heard many times from tourism authorities, that 2019 should no longer be used as a point of reference for tourism....
https://knews.kathimerini.com.cy/en/news/drone-strikes-hit-moscow-s-financial-district
Economic sanctions have been the biggest headache for Russia's business elite since the start of the war in Ukraine, but two drone strikes in the heart of Moscow's financial district are forcing companies to think about their employees' safety....
https://knews.kathimerini.com.cy/en/news/sweden-s-nato-membership-hangs-in-the-balance-as-turkey-poses-last-minute-hurdle
The developments surrounding Sweden’s NATO membership are rapidly unfolding, with indications pointing towards an imminent announcement of an agreement during the Vilnius summit held on July 11-12. However, there remains the possibility that Turkey may disrupt the proceedings at the last moment....
https://knews.kathimerini.com.cy/en/news/another-greek-tanker-embroiled-in-us-iran-oil-wars
A Greek-owned oil tanker sailed out of trouble on Wednesday when a US missile destroyer responded to an incident with the Iranian Navy, as Tehran still has an axe to grind with Athens over oil seizures based on American sanctions...
