Cyprus Financial News

The Institute of Certified Public Accountants of Cyprus (ICPAC) has issued a critical alert urging accounting professionals to bolster their monitoring and Know Your Customer (KYC) measures to combat the increasing use of crypto in terrorist financing.

Subscribe to enjoy similar stories.At the FIDE Women’s Candidates Tournament 2026, which took place in Cyprus from March 28 to April 15, eight of the sharpest minds in chess matched wits and will over 14 rounds in 19 days, hoping to survive and eventually surpass the field. For Indian star Vaishali Rameshbabu, it was a defeat deep in the tournament that brought some respite.Having started the Candidates with four draws and a loss, Vaishali, the lowest rated player in the field, found herself one full point ahead of the rest after beating Aleksandra Goryachkina in round 11.

Subscribe to enjoy similar stories.The fight against Russia in Ukraine is now firmly Europe’s war.The European Union this week signed off on the equivalent of $105 billion in loans to keep Kyiv afloat through the end of next year—but officials warned that it may not be enough.With Russia determined to continue its four-year invasion until it dominates its neighbor, and President Trump pulling back from Europe and focused on the Middle East, Ukraine finds itself reliant on the traditionally gun-shy EU in its war for survival.The confirmation of the loan ahead of a summit in Cyprus on Thursday, long blocked by recently ousted Hungarian Prime Minister Viktor Orbán, marked a fresh sign of resolve and unity in the bloc.“For the first time in years there are no Russians in the room,” Polish Prime Minister Donald Tusk wrote on social media, an apparent reference to Orbán, who had warm ties with Moscow but stayed away from the EU summit after recently losing an election. “Huge relief,” Tusk added.The funding decision, which Orban cleared this week following his election defeat, comes at a critical moment for Ukraine, which needs the cash to sustain its economy and its military amid relentless Russian assaults as Moscow seeks to grab more land in its neighbor’s east.

CBDT), has clarified that past investments made under certain tax treaties with countries like Mauritius, Cyprus, and Singapore will not be affected by a new rule called the Principal Purpose Test (PPT).

US citizens expressing their eventual interest in moving abroad specifically as they seek alternatives to life under US President- elect Donald Trump. According to New York Post, immigration law firms have reported a surge in inquiries about residency and citizenship options while many people are considering real estate investments as a pathway to secure residency in foreign countries. New York Post reported that the countries which are offering ‘golden visas’ linked to real estate investments are becoming increasingly popular with passing days. These programs actually allow individuals to gain residency by purchasing property, while that can be often at lower prices than comparable homes in the US. Also Read: Man on the Inside Season 2: Everything we know about renewal

Britain will provide intelligence to a newly formed unit in Cyprus tasked with preventing Russia evade international sanctions

Cyprus and the U.S. say they’re doubling down on a joint effort to crack down on illicit finance with additional training of Cypriot law enforcement authorities to identify, investigate and prosecute financial crimes

Foreign direct investment (FDI) inflows into India have crossed the USD one trillion milestone in the April 2000-September 2024 period, firmly establishing the country's reputation as a safe and key investment destination globally. According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), the cumulative amount of FDI, including equity, reinvested earnings and other capital, stood at USD 1,033.40 billion during the said period. About 25 per cent of the FDI came through the Mauritius route. It was followed by Singapore (24 per cent), the US (10 per cent), the Netherlands (7 per cent), Japan (6 per cent), the UK (5 per cent), UAE (3 per cent) and Cayman Islands, Germany and Cyprus accounted for 2 per cent each. India received USD 177.18 billion from Mauritius, USD 167.47 billion from Singapore and USD 67.8 billion from the US during the period under review, as per the data.

A spate of iconic rebrands in recent weeks have left some people reeling in a consumerist society where what we buy says a lot about who we are

The president of Cyprus says Moody’s two-notch credit ratings upgrade to A3 from Baa2 will open the threshold to quality foreign investment that will generate new jobs

Cyprus’ energy minister says ExxonMobil could partner up with a consortium composed of Eni of Italy and Total of France to jointly develop gas deposits they’ve discovered close to each other off the island nation’s southern coast

Cypriot authorities are in talks with major energy companies from Persian Gulf states over potential natural gas reserves off the Mediterranean country's southern coastline, President Nikos Christodoulides told an energy conference Friday

Subscribe to enjoy similar stories. Do you remember D. K.

Subscribe to enjoy similar stories. Since the war in Gaza started over ten months ago, Israel and Hizbullah, an Iran-backed militant group in Lebanon, have exchanged almost daily rocket fire. As part of its response, Israel has been scrambling gps signals across the border region.

Cyprus says it has successfully thwarted a digital attack aimed at blocking access to the government’s central online portal

Cyprus banks say their exposure to risky Russian and Ukrainian businesses shrunk by more than 13,000 clients and 35,000 accounts amounting to $2.17 billion in the year after Moscow’s 2022 invasion of its neighbor as they fully adhered to sanctions that...

Australia has urged an estimated 15,000 of its citizens living in Lebanon to leave, flagging a risk Beirut airport may close and the difficulty of evacuating large numbers if the situation worsens. Israel widened its airstrikes in Lebanon on Wednesday and at least 72 people were killed, and Israel's military chief said a ground assault was possible. Britain is moving troops to Cyprus, joining two Royal Navy ships already there, to be in a position to help evacuate nationals trapped in Lebanon. Australian Prime Minister Anthony Albanese said his government had made contingency plans that could include evacuations by water, but declined to give details.

Officials from nine southern European Union member countries are focused on harnessing offshore wind and solar energy

Subscribe to enjoy similar stories. Many countries "piggyback" onto the visa approval systems of large developed nations, allowing visa-free entry or visas on arrival for Indian travellers holding valid US, UK, Canada, or Schengen visas. If you already possess a residence or even tourist visa issued by the US, UK or Schengen-area country, many third country doors will open for you.

Cyprus has approved a massive undersea electricity cable project to link its grid with Greece's

online gaming sector topped the apex goods and services tax (GST) intelligence and investigation agency’s evasion list with detection to the tune of about Rs 1.10 lakh crore, involving show cause notices to 34 taxpayers, action against 118 domestic entities and 658 offshore entities. In its annual report released Saturday, the Directorate General of GST Intelligence (DGGI) identified online gaming as one of the challenging sectors with offshore entities based in tax havens. “Bringing the gaming entities under tax net continues to be an uphill task,” the report said. Use of the dark web and virtual private networks (VPNs) based platforms for such have been cited as key challenges.

Turkey said it condemned this week's signing of a roadmap to boost two-way defence co-operation between the United States and the Republic of Cyprus. The move came amid United Nations efforts to find common ground for the resumption of long-stalled negotiations between the rival Greek and Turkish Cypriot communities on the Mediterranean island, which has been divided for decades. The U.S. steps, including last June's announcement of the launch of a strategic dialogue with Cyprus, are detrimental to the security of the Turkish Cypriot side of the island, the Turkish foreign ministry said.