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1381. Meta slammed with record €1.2 billion fine over user data handling

Meta was hit with a record 1.2 billion euro ($1.3 billion) fine by its lead privacy regulator in the European Union for its handling of user information and given five months to stop transferring users’ data to the United States....

1382. Restoring a wounded reputation

Last March, a publication by the Financial Times revealed the move of three shareholders of PWC Cyprus to resign from the audit firm and establish the company Kiteserve. ...

1383. 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....

1384. FBI agents set up shop in Cyprus

The Federal Bureau of Investigation is reportedly setting up shop in the Republic of Cyprus, with the move taking place as US-Cypriot cooperation has been expanding on multiple levels...

1385. CBC urges banks to embrace transformation for sustainablefuture

Constantinos Herodotou, Governor of the Central Bank of Cyprus, emphasized the need for Cypriot banks to seize the current favorable circumstances and address impending challenges during his speech at the 2023 ICPAC Mediterranean Finance Summit held in Limassol on Thursday....

1386. UK and US specialists to provide consultancy on sanctions

A group of British experts from various departments of the UK state services will visit Cyprus, with a view to providing consultancy services for establishing a National Unit for Sanctions Control,...

1387. Kyriakides and Becerra: EU and US establish joint health task force

1388. 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....

1389. 0% VAT rate, the second round

Almost two weeks after the zeroing of the tax rate on seven products (bread, eggs, milk, baby diapers, baby food, feminine hygiene products, and adult diapers), the Ministry of Finance and the Ministry of Commerce are in discussions regarding the next list of products that will have a low or reduced tax rate....

1390. US State Department highlights religious freedom issues in Cyprus

The US State Department's 2022 Report on International Religious Freedom for Cyprus sheds light on various issues concerning religious freedom on the island. ...

1391. Passenger dies on Cyprus Airways flight 312

A tragic incident occurred on Monday night (15/05) aboard Cyprus Airways Flight 312, which was en route from Larnaca to Athens. Regrettably, a 57-year-old passenger on the flight passed away....

1392. Alarming rise in domestic violence in Cyprus

The Association for the Prevention and Handling of Violence in the Family (SPAVO) in Cyprus has released data revealing a concerning surge in domestic and partner violence incidents in 2022. ...

1393. 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....

1394. Nicosia scrambles to ease sanctions burden

The Registrar of Companies will accept requests from service providers to replace sanctioned persons with other persons, according to reliable sources...

1395. 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....

1396. USA: AI chatbots may deepen loneliness crisis

The United States is grappling with a loneliness crisis that has been further exacerbated by the isolation brought on by the COVID-19 pandemic....

1397. Cypriot commissioner wants women out of sex work

Cyprus’ gender commissioner is on a mission to steer debate on ending prostitution, saying she wants to criminalize paid sex and offer 'a way out' for women in the unregulated industry of the world’s oldest profession...

1398. Turkey faces runoff election with Erdogan leading

Turkey headed for a runoff vote after President Tayyip Erdogan led over his opposition rival Kemal Kilicdaroglu in Sunday's election but fell short of an outright majority to extend his 20-year rule of the NATO-member country...

1399. Thousands of migrants cross into Texas as pandemic-era border restrictions lifted

Thousands of migrants have attempted to cross the border into the United States after the lifting of pandemic-era restrictions under Title 42....

1400. Cypriots want less bureaucracy, better civil servants

Cypriots appear largely dissatisfied by the functioning of the country’s public administration, and believe that the way forward goes through the reduction of bureaucracy, better skills for civil servants and more communication with citizens, according to the findings of a flash Eurobarometer survey on how EU citizens perceive the support provided to member states through the European Commission’s Technical Support Instrument...

1401. Government employment declines, led by transfer of hourly workers

Government employment in April 2023 dropped in Cyprus by 2,7% or 1,432 persons compared to April last year and amounted to 52,498 persons, data released by the Statistical Service of Cyprus (Cystat) show....

1402. Shipping minister wants Cyprus ahead of the curve

Cyprus' shipping sector must be competitive, strong, resilient to crises and to anticipate challenges and new trends, Shipping Deputy Minister, Marina Hadjimanolis, said on Thursday, adding that the government has an ambitious vision for shipping...

1403. BOC appoints Bank of America as joint corporate broker, resumes dividend payments

The Bank of Cyprus has announced the appointment of Bank of America Europe DAC (BofA Securities) as a joint Corporate Broker, along with NUMIS Securities Limited (NUMIS) and Keefe, Bruyette & Woods (KBW, acting through Stifel Nicolaus Europe Limited), with immediate effect....

1404. New sanctions list expected by the end of May

The episode with the sanctions imposed by the United States and Britain on natural and legal persons that include Cypriot names is expected to continue....

1405. 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....

1406. Appointment of 19-year-old consultant in Tourism Ministry: How it happened and what it means

The Deputy Minister of Tourism, Costas Koumis, recently defended the appointment of a 19-year-old consultant. Koumis stated that nothing illegal had been done and that the hiring process was a common practice that has been used for many years....

1407. Murdered sex worker from Ukraine still unnamed

More details have emerged in the brutal murder of a woman from Ukraine, with Cypriot police focusing primarily on a single male suspect while also arresting her female friend, a key witness who says she had booked an extended paid sex appointment for the victim on the night she was killed...

1408. Cyprus working on comprehensive refugee policy

The government is working on a comprehensive refugee policy, President of the Republic Nikos Christodoulides said on Monday....

1409. It's surprising how little was frozen

Upon his arrival at Larnaca airport last Wednesday, Justice Commissioner Didier Raeder brought with him two pressing questions. Firstly, how is it that a country like Cyprus, which has been heavily infiltrated by Russian capital for several years, has only managed to freeze a mere 104 million euros worth of assets belonging to oligarchs under EU sanctions?...

1410. Lebanon bans top Cypriot airline from flying over Israeli territories

Lebanon has barred the largest airline in Cyprus, TUS Airways, from flying in the Arab country’s airspace or landing at Beirut–Rafic Hariri International Airport, due to the fact that an Israeli corporation owns nearly half of the shares in the company....