Sanction violation complaints hit ‘double-digits’

The Law Office has received complaints on possible sanctions violations running into double-digits, Attorney-General George Savvides told a parliamentary committee discussing the Cyprus Confidential expose. It involves millions of leaked files on financial transactions

Cyprus-Armenia armed forces conduct exercise

The Armed Forces of Cyprus and Armenia held a joint military special ops exercise codenamed ‘Silver Spear 2023’. A statement by the National Guard’s General Staff said the exercise was held in

Cyprus ‘strongest supporter’ of Serbia’s EU hopes

Cyprus is the strongest supporter of Serbia’s European path, President Nikos Christodoulides said during a two-day visit to Belgrade. On Serbia’s European aspirations, President Christodoulides said that Cyprus is the strongest supporter of Serbia’s European path.

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HALLOUMAKI case crashes in EU court

The EU General Court has closed a case between Greek company Kolios AE and a group of Cypriot processors and producers of sheepmilk and goatmilk over its intention to register the logo

Government extends deadline on Aphrodite plan

The government has granted the Aphrodite gas field operator, US giant Chevron, another week extension to agree on the untapped reservoir’s development plan. Israel’s NewMed Energy, a partner in the Aphrodite consortium,

US, UK seek assistance in sanction-busting cases

Authorities are busy investigating cases of Cypriot firms facilitating asset transfers for sanctioned Russian oligarchs, with the UK and US requesting judicial assistance. Following the damning ‘Cyprus Confidential’ leaks, some eight requests

Cypriots save 6.5% of disposable income

People in Cyprus saved only 6.5% on average of their disposable income, half the EU average of 12.7%, according to Eurostat non-financial sector accounts 2022 data. Saving rates were significantly lower than

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Foot-dragging worsened sanction-busting stigma

Authorities knew Cypriot firms were facilitating significant asset transfers for sanctioned Russian oligarchs months before the damning ‘Cyprus Confidential’ leaks. Government agencies were reportedly aware for eight months about the potential sanctions