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91. K. Treppides & Co Ltd: 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. ...

92. 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....

93. K. Treppides & Co Ltd- Cryptocurrencies: Regulating cryptocurrency trading in Cyprus

94. 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. ...

95. Major projects underway in Larnaca, Nicosia

The Cyprus real estate and construction sectors are moving past the demise of the scrapped Citizenship for Investment Programme, turning their attention to the capital and the once-neglected coastal town of Larnaca, while Limassol, with its high-rises and cosmopolitan lifestyle, is still seeing part of the action....

96. Hellenic acquires 553 million euros worth of Cypriot corporate loans from RCB

Hellenic Bank has acquired 553 million euros worth of Cypriot business loans from RCB Bank, increasing its loan portfolio to over 7.2 billion euros....

97. 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....

98. Cyprus is losing its Russians, confronting existential questions about its economy

For decades, Cyprus built an economy that courted Russians — Russian tourists, Russian investors, Russian oligarchs. ...

99. 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....

100. S&P downgrades RCB, places bank on CreditWatch with negative implications

Rating Agency Standard and Poor’s downgraded RCB bank’s long-term lender rating to `B+` from `BB-` and placed its ratings on CreditWatch with negative implications,...

101. At least five oligarchs have bank accounts in Cypriot banks

In Cyprus, five oligarchs from the EU list What emerges from the investigations of Cypriot banks for the lists of the European Council which includes 50 persons...

102. Meta agrees $90 mn settlement in Facebook privacy suit

Facebook-parent Meta has agreed to pay $90 million to settle a 10-year-old lawsuit accusing it of tracking users online even after they logged off the social network, court records show....

103. Facebook entrenching Greece on tech map

The Facebook parent company, Meta Platforms, Inc, is reportedly in advanced discussions for the establishment of a Greek subsidiary, under whose umbrella international activities that are currently being implemented in other countries can be transferred....

104. Teddy Sagi's Playtech embroiled in takeover battle

Israeli billionaire Teddy Sagi, the founder of Playtech, declined to comment on the withdrawal of Eddie Jordan's potential bid for the online gambling company he founded back in 1999....

105. Netflix loses nearly $45 billion in market cap

Netflix dashed hopes for a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares sinking nearly 20 percent and wiping away most of its remaining pandemic-fueled gains from 2020, just a week after raising prices by up to $2 a month....

106. The former Mayor of Geroskipou, Michalis Pavlidis, has passed away

Former Geroskipou Mayor Michalis Pavlidis, who served as Geroskipou's Mayor for 9 1/2 years, passed away this afternoon at the age of 67....

107. Cyprus scrambles to legislate whistleblower law

Members of parliament in the Republic of Cyprus are urgently making their way to the justice ministry to compare notes on whistleblowing protections legislation, as the country scrambles to meet an EU deadline next month...

108. EY announces the launch of EY Entrepreneur Of The Year™ in Cyprus

EY Cyprus is pleased to announce the launch of the EY Entrepreneur Of The Year™ program for the first time in Cyprus. With this launch, the ultimate global competition for entrepreneurs officially opens today for nominations. ...

109. EY: CEOs understand transformation cannot be put off following COVID-19 pandemic

More than two-thirds (68%) of CEO respondents from the world’s largest companies say that they plan to take on a major investment in data and technology over the next 12 months, while 61% plan to undertake a major transformation initiative over the same period, according to the global EY CEO Imperative Study 2021. ...

110. S7 looking to drop Cyprus Airways

The future of Cyprus Airways is once again up in the air following reports that its Russian private shareholder S7 is looking to sell its entire stake in the Larnaca-based Charlie Airlines...

111. Jiu Jitsu director says Cyprus losing out

The director and producers of martial arts movie Jiu Jitsu sought audience with Cyprus’ finance minister this week over delayed cash rebate payments, with reports saying the film makers are also ticked off by an unflattering audit report on the country’s Olivewood scheme...

112. Folli Follie report unveils 17-year scam

The troubled Folli Follie company’s major shareholders, the Koutsolioutsos family, reaped the benefits of a well-orchestrated fraud scheme that lasted for at least 17 years, under the nose of the supervisory authorities, generating hundreds of millions of euros in profits, according to an audit report by PricewaterhouseCoopers. ...

113. Cyprus remains an attractive investment destination

Cyprus remains an attractive investment destination, especially among established investors ...

114. EY Cyprus sponsors 3rd Anti-Fraud Conference

EY Cyprus has, once again, sponsored and participated in the 3rd Cyprus Anti-Fraud Conference, which was organised by IMH and the Cyprus Chapter of the Association of Certified Fraud Examiners (ACFE). The event was held online on Tuesday 15th December...

115. President defends block on audit office

President Nicos Anastasiades invoked the Constitution during a televised interview, saying the job description of the auditor general, who is currently seeking information on foreign nationals linked to a casino project, does not authorize him to 'have a say in everything'...

116. FinCEN Files: Cyprus banks embroiled in dirty money leak

Leaked documents from the Financial Crimes Enforcement Network, dubbed the FinCEN files, have revealed that several of the world’s major banks allowed over 200,000 suspicious financial transactions valued at around $2 trillion to be moved over a period of almost two decades, with 897 of those transactions made by Cypriot banks....

117. Cyprus and Russia come to terms

It will no longer be possible for wealthy Russians to distribute profit via dividends to foreign firms in Cyprus, after Nicosia said it agreed with Moscow on terms to amend a double tax treaty, but some say the island still kept some competitive advantages...

118. Cyprus based company KRU Overseas continues to supply coal to Cyprus domestic market

KRU Overseas Ltd., a global supplier of high-quality coal, continues to supply coal to Cyprus heavy industry leader, Vassiliko Cement Works Public Company Ltd....

119. Sir Stelios wages battle against board

EasyJet founder Sir Stelios Haji-Ioannou had some harsh words to say about the company’s finance director, with the Greek Cypriot billionaire renewing his call to whistleblowers to help with useful information to scrap an Airbus deal...

120. Cyprus 'golden visa' scheme returns to spotlight

Cyprus’ controversial citizenship-by-investment scheme was thrust into the spotlight once again after the investigative journalism platform Organized Crime and Corruption Reporting Project (OCCRP) published an in-depth report on the granting of a ‘golden passport’ to a senior member of the Saudi royal family and six of his family members....