Search Results for: Cypriot
Cyprus: Haircut battle due to kick off within weeks
January 4th, 2016
A GRAND Chamber comprising 15 judges of the European Court of Justice (ECJ) will hear a number of appeals brought by Cypriot bank depositors, who lost their money in the March 2013 ‘haircut’ against the European Commission and the ...
Cyprus Can Boost Shipping’s Role in Economy, Wilbur Ross Says
December 28th, 2015
Government’s targets are achievable, billionaire investor says Cyprus to be more aggressive in seeking shipping business Cyprus’s target to increase the contribution that shipping makes to its economy by around two percentage points over the next three years is ...
CySec announces acquisition of CIF (Cyprus Investment Firm) licence
December 23rd, 2015
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has announced that “Positiva Markets (Cy) Ltd“ has successfully obtained the CySec licence for CIF (Cyprus Investment Firm). The firm is now authorised to operate legally under the supervision of ...
Greece: Brussels demands changes in shipping taxation
December 22nd, 2015
The European Commission has called for a radical change in the way shipping firms are taxed in Greece. On Monday Brussels sent a series of proposals to Athens that Greece is expected to adopt so that the country’s law ...
Cyprus, Ukraine Agree To Replace Temporary DTA
December 15th, 2015
Cyprus and Ukraine have agreed the text of a double tax agreement that will likely replace their existing pact from January 1, 2019. The deal will newly include a most favored nation (MFN) clause for taxes on interest, dividends, ...
Turkey still best bet for Israeli gas exports
December 14th, 2015
Former US diplomat Matthew Bryza believes Israel should make every effort to overcome hurdles to exporting gas to Turkey. “The prime minister’s announcement that Israel was interested in exporting gas to Turkey was a signal of strong and very ...
Greece, Cyprus and Egypt end trilateral talks with broad declaration
December 10th, 2015
The third round of trilateral talks between Greece, Cyprus and Egypt concluded in Athens on Wednesday with the signing of a declaration in which the three countries agreed to work more closely on security and energy issues. Greek Prime ...
Greece woos Egyptian leader after huge gas discovery
December 9th, 2015
Greece‘s political and business leaders promised to expand trade deals with Egypt during meetings Tuesday with the country’s leader, President Abdel-Fattah el-Sissi, following a massive offshore natural gas discovery in the southern Mediterranean. “There are enormous opportunities for cooperation ...
Egypt expects $1.5 billion in aid by year-end; President in Greece for energy
December 8th, 2015
Egypt expects to receive $1.5 billion from the World Bank and African Development Bank by year-end to support the budget and could discuss potential IMF financing once parliament convenes, International Cooperation Minister Sahar Nasr said. Egypt is implementing a ...
CySec issued a Circular regarding National Risk Assessment of Anti Money Laundering and Counter Terrorist Financing Measures
November 4th, 2015
The Cyprus Securities and Exchange Commission (CySec), the financial regulator of Cyprus, has issued a Circular to inform Regulated Entities the following: 1) National Risk Assessment (‘NRA’) In accordance with the international standards set by the Financial Action Task ...
