Search

31. Cyprus banks praised by US for stronger sanctions enforcement

US sanctions imposed on entities and individuals in Cyprus are not targeting the country, but “oligarchs and arms traders” enabling “the Kremlin war machine” to continue the war in Ukraine......

32. Cypriot bank officials to present AML progress in U.S.

Top officials from four major Cypriot banks are headed to the U.S. on Sept. 16 to present updates on their progress in anti-money laundering (AML) efforts, sanctions enforcement, and foreign account management. ...

33. The Cypriot Hill Station

"Next Thursday, His Excellency the High Commissioner will depart from here with his family to go to his residence in Troodos for a vacation."(June 25, 1910). ...

34. Jamie Dimon eyed for treasury secretary by Trump

Former President Donald Trump stated in an interview with Bloomberg that he has no intention of removing Federal Reserve Chair Jerome Powell from his position before Powell's term concludes....

35. Cyprus-linked firms and individuals added to new sanctions list

The United States announced new sanctions on Wednesday, targeting individuals and companies linked to Cyprus as part of its ongoing efforts to counter Russian aggression. ...

36. AstroBank wins international recognition for the second consecutive year

AstroBank has been named Best Private Bank – Cyprus by the Global Private Banking Innovation Awards 2024 for the second consecutive year. ...

37. Cyprus reforms are a comedy of errors in governance

Following last Sunday's vote, the much-publicized local government reform will take effect on July 1. This, like many other reforms, has been carried out in typical Cypriot fashion. ...

38. US sanctions target Russian-Cypriot connections

A Cypriot connection has emerged among the latest targets of US sanctions against Russia, with the US Treasury Department announcing penalties on Wednesday affecting individuals and entities linked to Cyprus. ...

39. Israeli settler defies US sanctions, gains community aid to access frozen funds

For weeks after being sanctioned by the United States, Yinon Levi struggled to pay the bills, living at his farming outpost atop a hill in the occupied West Bank. But the Israeli settler’s problems didn’t last....

40. Banking sector's pledge to environmental transition

Eliza has been the Executive Director of Finance since October 2019 and since October 2021 she has been an Executive Member of the Bank of Cyprus Board of Directors....

41. New investment frontier opens for citizens

Citizens now have access to and can invest in bonds issued by the Republic of Cyprus. In a recent auction by the Public Debt Management Office......

42. US sanctions Cyprus-based entities linked to arms network

On Monday, the United States announced sanctions against ten individuals and twelve entities, with two of them operating within a global arms network and registered in Cyprus....

43. Turkey's Central Bank reports 2023 loss of 818.2B lira

Turkey’s central bank posted a 2023 loss of 818.2 billion lira ($25.25 billion), showed its balance sheet published in the Official Gazette on Sunday, on the back of steep loss stemming from the “KKM” foreign exchange-protected deposit scheme....

44. Russian oil payments delayed amid sanctions scrutiny

Russian oil companies are facing significant delays in receiving payments for crude and fuel as banks in China, Turkey, and the United Arab Emirates (UAE) exercise increased caution over potential U.S. secondary sanctions, according to eight sources familiar with the matter....

45. Cyprus grapples with €80 million surge in state budget deficit for 2023

The state budget deficit for 2023 increased by €80 million compared to the deficit recorded in 2022, according to the Fiscal Report of the Republic of Cyprus for 2023, submitted to the House of Representatives....

46. 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. ...

47. 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, ...

48. Cyprus entities hit by U.S. sanctions for alleged Al-Shabaab support

The U.S. Treasury Department has announced sanctions on a transnational network involving entities and individuals from the Horn of Africa, the United Arab Emirates, and Cyprus for their role in facilitating the financing of the terrorist organization Al-Shabaab....

49. US sanctions target Intellexa over cyber spyware

The United States has issued sanctions against Intellexa, linked to the black van, and other entities as part of cybersecurity principles, as revealed in a post on the U.S. Department of the Treasury's website. ...

50. ''Give Ukraine Russia’s money to end the war,'' Yellen says

The U.S. Treasury Secretary, Janet Yellen, said on Tuesday that she supports using some of the money that Russia cannot access because of the war in Ukraine....

51. Who earns what? Insights into top government salaries in Cyprus

Newly released data from the Treasury of the Republic of Cyprus reveals that the highest-paid government officials in the country include the Attorney General,...

52. Cyprus development expenditure: 2023 surpasses €1B

The realization of state budget development expenditure in 2023 reached 72% compared to 70% in 2022 and the average of 69% over the last decade, according to a Treasury report released on Wednesday....

53. US strikes target Iran-backed groups in Iraq and Syria after troop attack

In response to an attack that claimed the lives of three American troops in Jordan last weekend, the United States has launched strikes on Iraq and Syria....

54. Biden enacts sanctions against Israeli settlers in West Bank

The executive order issued by President Joe Biden on Thursday targets Israeli settlers accused of violence against Palestinians and Israeli peace activists in the West Bank....

55. Finance Ministry undergoes administration overhaul

56. US sanctions hit four Cyprus entities tied to Russian defense

In a strategic move, the United States Treasury Department has unveiled a targeted set of sanctions aimed at four legal entities associated with Cyprus....

57. US imposes sanctions on three Cyprus based entities

The US Department of Treasury’s Office of Foreign Assets Control (OFAC) announced new sanctions against individuals assisting the Russian defense industry, involving Cyprus-based entities....

58. 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....

59. 5,000-year-old wine discovered in Queen's resting place

Sealed jars of wine from 5,000 years ago have been uncovered amongst the grave goods found in an Egyptian Queen’s tomb....

60. Italian court awards €130,000 to great-grandson of World War II victim

Relatives of six Italian men hanged by German troops during World War Two are set to receive hundreds of thousands of euros in compensation for their families' trauma....