Cyprus Struggles to Ease Problem of Bad Loans
NICOSIA — Defaulted loans are a prime economic issue for Cyprus, which since a 2013 financial crisis has seen overdue payments weigh on consumers and […]
Economy
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EU Warns Cyprus Golden Visas Open to Money Laundering, Corruption
NICOSIA – Cyprus’ much-criticized scheme of selling Golden Visas and European Union passports to wealthy foreigners is open to corruption, money laundering and a conduit […]
Greek Supermarket Chain Metro S.A. Launches First One-Stop-Shop Store in Cyprus
NICOSIA – Metro S.A. inaugurated its first store outside Greece, launching the first one-stop-shop “Best Value for professionals” in Cyprus. The store is located in […]
Cyprus Repays Crisis-Era IMF Loan ahead of Schedule
NICOSIA – Cyprus has paid off ahead of schedule an International Monetary Fund loan that was part of a multi-billion euro financial rescue deal in […]
MetaTrader 5 Incorporates Trader KYC Verification From Sum&Substance
LIMASSOL – MetaQuotes’ Press Service has announced the trading platform integration with the Sum&Substance KYC service, which enables the validation of client personal data and […]
Chinese-Led Consortium to Build Cyprus’ Gas Import Terminal
NICOSIA – Cyprus signed a deal on Friday with a Chinese-led consortium to build the east Mediterranean island nation’s first natural gas import terminal that […]
Cyprus EU’s Worst Regulator of Market Abuses
NICOSIA – Already under fire for selling residency permits and European Union passports without vetting applicants properly for criminal activity and money laundering, Cyprus has […]
Names Revealed of 26 Rich Foreigners Stripped of Cypriot Passports
NICOSIA – After Cyprus backed away from its stance that recipients of Golden Visas given to rich foreign investors which bring residency permits and European […]
Cyprus Yanks Golden Visas for Three Russians, Including Billionaire
NICOSIA – After admitting its much-criticized Golden Visa program selling residency permits and European Union passports to rich foreigners with no ties to the country, […]
Defiant Turkey Keeps Drilling for Energy off Cyprus
Disdaining the European Union and the United States, Turkey is still hunting for oil and gas in Cypriot sovereign waters, the research vessel Fatih starting […]
