https://knews.kathimerini.com.cy/en/business/us-based-lone-star-to-revise-offer-for-bank-of-cyprus
US-based equity fund Lone Star said it is considering options with regard 'to the possibility of making a revised offer proposal to the Board of the Bank of Cyprus.'...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-announces-€50m-net-profit-in-first-half-of-2022
Bank of Cyprus announced a profit after tax amounting to €50 million for the first half of 2022, setting its sights on dividend distribution in 2023, for the first time since 2011, depending on market conditions and regulatory approvals....
https://knews.kathimerini.com.cy/en/news/cyprus-scrambles-to-block-hostile-takeover-of-bank
The government in the Republic of Cyprus is racing against the clock to arm itself with legal tools to prevent a takeover of the country’s biggest bank by an American private equity firm, which has until next month to submit a final offer that some shareholders may find hard to resist...
https://knews.kathimerini.com.cy/en/business/cbc-noticeable-decrease-in-household-and-business-debt
Business and household debt in Cyprus reached €56.2 billion in the first quarter of 2022, according to data from the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/business/tighter-controls-and-penalties-for-cross-border-transactions-in-cyprus
The Cyprus Securities and Exchange Commission (CySEC) is introducing additional controls for cross-border services and announced that investor protection will be strengthened under new rules regarding how complaints are handled....
https://knews.kathimerini.com.cy/en/business/cyprus-looks-to-become-global-crypto-hub-with-new-bill
Cyprus is vetting a cryptocurrency “umbrella” bill in a bid to establish the Mediterranean nation as a premier destination for digital asset innovators and companies....
https://knews.kathimerini.com.cy/en/news/cyprus-rcb-bank-and-its-kremlin-ties
On March 24, Cyprus’s fourth-largest bank announced it would wind down its banking operations in the wake of the “volatile geopolitical situation” caused by Russia’s invasion of Ukraine a month earlier....
https://knews.kathimerini.com.cy/en/business/cryptocurrency-having-your-regulated-firm-able-to-trade-in-cryptocurrency
Decentralized digital currency era began in 2008 by an unknown person named Satoshi Nakamoto which invented Bitcoin, the very first cryptocurrency. ...
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-cryptocurrency-the-requirement-of-a-firm-to-service-the-local-market-trading-in-cryptocurrency
https://knews.kathimerini.com.cy/en/news/elon-musk-snaps-up-$3bn-twitter-stake
Elon Musk has taken a 9.2% stake in Twitter, according to a US securities filing. The news sent Twitter shares soaring about 25% in pre-market trading....
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-cryptocurrencies-regulating-cryptocurrency-trading-in-cyprus
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-cryptocurrencies-investment-firms-trading-in-cryptocurrencies-authorization-required
Cryptocurrencies have taken the world by surprise in recent years, and transformed as the absolute trend in the virtual investing world. ...
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-cryptocurrencies-forex-companies-trading-in-cryptocurrencies-as-underlying-asset-how-to-apply
Derivatives on virtual currencies / cryptocurrencies, such as contracts for differences (CFDs), options and futures, can qualify as financial instruments under MiFID II. Subsequently, the provision of investment services in relation to financial instruments with cryptocurrencies as underlying asset in and/or from Cyprus, requires specific authorisation by the Cyprus Securities and Exchange Commission (CySEC)....
https://knews.kathimerini.com.cy/en/news/europe-s-banks-reveal-billions-worth-of-russia-risk-as-sanctions-bite
Credit Suisse said it had gross exposure to Russia of 1.6 billion Swiss francs ($1.73 billion) at the end of 2021, the latest European bank to reveal the size of potential losses as Western sanctions shut Russia out of the global financial system....
https://knews.kathimerini.com.cy/en/news/switzerland-will-freeze-russian-owned-crypto-assets
Switzerland is to freeze all crypto assets held within its borders that are owned by Russians and the country’s businesses sanctioned by the EU....
https://knews.kathimerini.com.cy/en/business/cyprus-sees-increase-in-investment-funds
The number of investment funds in Cyprus recorded a new high in December 2021, reaching 257, with their total assets reaching 8.7404 billion euros, achieving a 2.4% increase, in comparison to September 2021, according to data published by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/business/cyprus-reaches-new-record-in-number-of-investment-funds-€8-74-billion-in-total-assets
The number of Investment Funds in Cyprus recorded a new high in December 2021, reaching 257, with their total assets reaching €8,740.4 million, achieving a 2.4% increase, in comparison to September 2021, according to data published by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/business/meeting-between-cysec-and-association-of-cyprus-electronic-money-payments-institutions
The discussion was held in an environment of cooperation and the two parties noted their intention to work closely together for matters of common interest....
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-social-media-and-investment-recommendations
It is commonly accepted that social media play a defining role in almost every aspect of our everyday life. ...
https://knews.kathimerini.com.cy/en/business/announcement-of-appointment-of-directors-senior-managers-in-k-treppides-co-ltd
The Management of K. Treppides & Co Ltd is committed to develop leaders who derive from own people and who pursue excellence in the provision of high quality specialised and unique services. ...
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-renewed-european-finance-strategy-and-implementation-of-the-action-plan-on-financing-sustainable-growth
The European Commission adopted on 21 April 2021, a comprehensive package of measures to help improve the flow of money towards financing the transition to a sustainable economy, whereas these measures will be instrumental in reaching climate and environmental targets as well as vital for economic recovery from the COVID-19 pandemic. ...
https://knews.kathimerini.com.cy/en/business/electronic-money-and-payment-institutions-launch-professional-association
ECOMMBX is proud to announce the establishment of the Association of Cyprus Electronic Money and Payment Institutions (ACEMPI), with a number of the company’s management team members among the new Association’s leadership....
https://knews.kathimerini.com.cy/en/news/cyprus-passport-committee-issues-final-report
Over half of the golden passports approved by the President’s Cabinet in the Republic of Cyprus were illegal, a special committee has found, and it is now up to the attorney general to ascertain whether any ministers may have had fraudulent intent...
https://knews.kathimerini.com.cy/en/news/interim-report-on-golden-passports-delivered
An interim report on the golden passport scandal in the Republic of Cyprus says just over half of citizenships granted by the executive branch were not approved lawfully...
https://knews.kathimerini.com.cy/en/news/cyprus-president-testifies-on-golden-passports
Cypriot President Nicos Anastasiades is expected to testify on Tuesday before the independent committee probing corruption allegations in the country’s golden passport scheme, just days after he lashed out at critics during a national address on the fight against corruption...
https://knews.kathimerini.com.cy/en/news/kalogerou-probe-fails-to-impress-opposition
The chair of the ad hoc committee that looked into allegations of wrongdoing last year as Cyprus’ golden passports scandal was unfolding defended the choice to go after high profile cases, following criticism from opposition parties that say the focus was too narrow...
https://knews.kathimerini.com.cy/en/news/redacted-report-to-be-published-noon
A redacted version of the Kalogerou report on golden passports is expected to be made public on Tuesday afternoon, amid criticism of the government from opposition parties calling for transparency in probing corruption allegations...
https://knews.kathimerini.com.cy/en/news/report-on-passport-scheme-to-be-released-president-says
President Anastasiades said the report of the investigative committee spearheaded by Securities and Exchange Commissioner Demetra Kalorigou on the island’s disgraced citizenship-by-investment program will be released next Tuesday....
https://knews.kathimerini.com.cy/en/news/diko-raises-conflict-of-interest-for-ag
DIKO president Nicholas Papadopoulos has raised concerns over conflicts of interest for the state’s attorney general in connection with a golden passports investigation, following a statement from the Presidential Palace on publicizing some findings but not in their entirety...
https://knews.kathimerini.com.cy/en/news/police-focus-on-larnaca-in-passport-probe
Police in Larnaca carried out searches on Tuesday in connection with an ongoing criminal probe into golden passports, with reports saying investigators were focusing on at least five persons of interest but were not calling them suspects...
