https://knews.kathimerini.com.cy/en/news/occupied-territories-are-a-black-hole-for-illicit-funds
The recent update to the US-UK sanctions list, active since last April and aimed at Russia, continues to scrutinize Cypriot-based entities suspected of violating the Russian embargo. ...
https://knews.kathimerini.com.cy/en/business/us-sanctions-cyprus-based-entity-for-russian-sanctions-evasion
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on Monday against thirteen entities and two individuals, including one based in Cyprus, ...
https://knews.kathimerini.com.cy/en/business/quickpay-ask-for-the-bill-and-share-it-with-your-friends
QuickPay is constantly evolving and becoming even easier to use as it adapts to the daily needs and wants of existing and new Bank of Cyprus customers....
https://knews.kathimerini.com.cy/en/business/israeli-tax-authorities-probe-israeli-investor-activities-in-cyprus
Israeli tax authorities are investigating the extensive business activities of Israeli investors in Cyprus, as revealed by Shai Aharonovich, head of Israel's Tax Department, in a report by leading financial newspaper, Globes....
https://knews.kathimerini.com.cy/en/news/man-held-for-alleged-dining-and-dashing
Police in Paphos have apprehended a 27-year-old man as part of an ongoing investigation into allegations of securing credit by false representations. The arrest stems from an incident where the suspect purportedly failed to settle a bill at a local restaurant....
https://knews.kathimerini.com.cy/en/business/kedipes-successfully-sells-€58-4m-portfolio-to-reduce-debt
The Cyprus Asset Management Company (KEDIPES) announced Thursday the successful completion of a sale of performing and restructured loan portfolios to Bank of Cyprus Public Company Limited, with a combined gross book value of €58.4 million as of December 31, 2022....
https://knews.kathimerini.com.cy/en/news/kedipes-preps-for-major-loan-sell-off-boosting-cyprus-banks
In a strategic move to streamline its assets, KEDIPES is gearing up to offload a second batch of performing loans, hot on the heels of its €58 million deal with the Bank of Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-real-estate-market-holds-steady-at-€5-5bn-in-2023
The Cypriot real estate market demonstrated remarkable resilience and flexibility during 2023 and the total value of transactions reached €5.5bn, which appears to be at the same levels as in 2022, a press release by PwC Cyprus says....
https://knews.kathimerini.com.cy/en/business/ceos-globally-forecast-increase-in-revenues-profits-and-deal-making-in-2024-as-business-transformation-moves-up-the-agenda
CEOs are optimistic about their ability to drive revenue growth and profitability in 2024 despite global economic headwinds, according to the latest EY CEO Outlook Pulse survey....
https://knews.kathimerini.com.cy/en/business/pillar-two-readiness-and-technology
As per our previous publications and alerts, we had the opportunity to communicate a significant development - the introduction of BEPS 2.0 Pillar Two or Global Minimum Tax. The European Union unanimously adopted a directive in December 2022 (the ''Minimum Tax Directive''). ...
https://knews.kathimerini.com.cy/en/news/cyprus-to-roll-out-10-second-euro-transfers-across-banks
Over the next 18 months, Cyprus is poised to revolutionize money transfers, promising seamless transactions within 10 seconds from bank to bank....
https://knews.kathimerini.com.cy/en/news/nicosia-senior-swindled-of-€480-000-in-cryptocurrency-scam
In a disturbing turn of events, a 73-year-old resident of Nicosia has fallen prey to a sophisticated internet fraud scheme, resulting in a substantial loss of over €480,000 in a cryptocurrency scam....
https://knews.kathimerini.com.cy/en/news/tenants-urge-parliament-for-fairness-amid-€150-to-€2-800-spikes
The Professional Committee for the Management of Turkish Cypriot Properties in Limassol has reported significant rent hikes for commercial assets....
https://knews.kathimerini.com.cy/en/business/deal-in-the-works-for-cnp-cyprus
The subsidiary of the French insurance giant CNP Assurances, CNP Cyprus Insurance Holdings, is currently in discussions for a potential change in ownership. ...
https://knews.kathimerini.com.cy/en/business/businesses-fear-global-tax-reform-will-lead-to-double-taxation
Global tax reform, ineffective use of technology and economic uncertainty are putting significant strain on business’ transfer pricing (TP) capabilities, according to the 2024 EY International Tax and Transfer Pricing Survey....
https://knews.kathimerini.com.cy/en/news/parliament-enacts-law-granting-tax-exemption-on-loan-repayments
The House of Representatives has unanimously approved a law exempting individuals who sold real estate or transferred shares to repay Non-Servicing Loans from the 0.4% tax designated for the Central Equal Weight Sharing Agency...
https://knews.kathimerini.com.cy/en/news/cyprus-witnesses-356-bounced-cheques-yet-a-€1-7m-surge
In a recent disclosure, the Cyprus Central Bank unveiled a decrease in the issuance of uncovered checks during 2023, reporting a total of 356 compared to the previous year's 473.
...
https://knews.kathimerini.com.cy/en/news/ceo-predicts-price-drops-for-homes-over-500k-euros
In the latest property data, the real estate landscape in Cyprus paints a picture of continuous growth, particularly in the apartment sector. However, a closer look reveals a potential plateau in the high-end market, specifically for properties priced at 500 thousand euros and above....
https://knews.kathimerini.com.cy/en/news/cyprus-real-estate-booms-in-q3-2023
Cyprus experienced a real estate boom in the third quarter of 2023, with housing prices soaring and a surge in demand from both domestic and foreign buyers, according to data released by the Central Bank of Cyprus (CBC) on Wednesday....
https://knews.kathimerini.com.cy/en/news/university-of-nicosia-hosts-xrpl-hackathon-in-2024
The University of Nicosia (UNIC) is excited to announce the Cyprus Tech Odyssey: XRPL Hackathon 2024, in collaboration with Ripple, scheduled to take place between January 18-20, 2024....
https://knews.kathimerini.com.cy/en/news/trump-linked-companies-receive-$7-8m-from-20-governments
In a groundbreaking report released yesterday by Democratic lawmakers, a comprehensive 156-page document titled "White House for Sale: How Princes, Prime Ministers, and Premiers Paid Off President Trump" has brought to light a complex web of financial transactions....
https://knews.kathimerini.com.cy/en/news/t-c-leader-faces-bribery-scandal-involving-former-turkish-vp
Reports and a leaked audio document are causing a stir in the Turkish Cypriot community, suggesting that Fuat Oktay, former Turkish vice-president handling the Cyprus file for Ankara, received a $50 million bribe from the late...
https://knews.kathimerini.com.cy/en/business/cypriot-brokerage-firm-probed-for-money-laundering
French and American authorities have launched an investigation into a Cypriot brokerage firm, TCR International Limited, in conjunction with a branch of BNP Paribas, following suspicions of ''aggravated money laundering.''...
https://knews.kathimerini.com.cy/en/business/landlords-urged-to-be-reasonable-when-pricing-rentals
Marinos Keynegirou, the president of the Real Estate Registration Council, warns of escalating prices and dwindling demand in the real estate market's fourth quarter....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-expands-with-€58m-loan-acquisition
Agreement for the Acquisition of a Performing Loan Portfolio.
...
https://knews.kathimerini.com.cy/en/news/greek-home-sales-face-unprecedented-delays
The process of selling a house in Greece has started to look like an odyssey, after the developments of the last few weeks....
https://knews.kathimerini.com.cy/en/news/synagermos-firmly-in-opposition-says-paphos-mayor
In an exclusive interview with ''Kathimerini,'' Paphos Mayor Phaidonas Phaidonos asserts that any speculation about Synagermos aligning with the Christodoulides government is definitively put to rest....
https://knews.kathimerini.com.cy/en/business/ey-cyprus-signs-mou-with-university-of-cyprus
Organization to offer scholarships to students of the MBA and MSc Finance and cover CFA qualification costs for undergraduates....
https://knews.kathimerini.com.cy/en/news/citizen-pays-500-euros-fine-in-coins-at-limassol-court
In an extraordinary turn of events at the Limassol Court on Tuesday morning, a routine fine payment took an unexpected and unconventional route, leaving court officials and onlookers in disbelief....
https://knews.kathimerini.com.cy/en/news/€6m-fund-faces-scrutiny-in-migrant-returns
A recent evaluation conducted by the Audit Office sheds light on the challenges faced by the Police in detecting and repatriating irregular migrants and asylum seekers....
