. “FATF cannot and should not enter into a sphere where certain world powers use every tool at their disposal to score political points” By Hossein Gharibi The Financial Action Task Force – an international anti-money laundering group – will hold its regular plenary meeting in Paris on February 18 to consider, among
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President Nicos Anastasiades, confident that he won a second term in office with a comfortable margin, has appointed a new cabinet, maintaining a handful of his close associates in key positions, but unable to convince the public that the appointees represent a ‘broader social acceptance’ as he had promised in his election campaign. Furthermore, by
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Italy wants to find a peaceful solution to the tension created by Ankara within Cyprus international waters, after Eni’s Saipem 12000 drillship platform was stopped short of its target offshore gasfield over the weekend, with its Foreign Minister Angelino Alfano telling his Turkish counterpart Mevlut Cavusoglu on the sidelines of the Ministerial Meeting of the
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The government expects that the 2018 tourist season that starts at the end of March will be a another record year, the third in a row, with arrivals surpassing 2017 figure of 3.6 million. Addressing the annual meeting of the hoteliers’ association Pasyxe, Energy and Tourism Minister Yiorgos Lakkotrypis said that revenue from tourism in
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Construction of Trilogy Limassol Seafront, a trio of beachfront towers with private facilities and a public plaza, is already under way, with reservations in excess of EUR 30 mln for the sea view apartments and offices in the West Tower – due for delivery in 2021. The contractor is a joint venture between Cybarco, the
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. Having secured his second term in office, President Nicos Anastasiades tried to portray himself in all his speeches on Sunday as the pacifier and reformer who will try to resolve all matters left outstanding from his first presidency – from the economy to the Cyprus problem. He does not realise, though, that with two
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. The Risk Watch Column By Dr Alan Waring Previous Risk Watch articles have examined major aspects of public health and healthcare in Cyprus, e.g. the costs of an unhealthy nation Parts 1 and 2 in 2010, and the senile dementia epidemic (April 2011). This article considers what has been happening since then regarding
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate Valuers & Estate Agents I am at a loss about what the new VAT provisions are all about. We have read the law over and over again and have attended one lecture after another on the subject given by one
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President Anastasiades is expected to keep a significant part of his current Council of Ministers, with key associates continuing to hold on to important cabinet posts, after his wide-margin election on Sunday gave him the confidence to continue with his policies. The President has already denied several rumours of cabinet changes, but one post seems
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Real GDP at 3.8% in 2017, 3.6% in 2018, 3% in 2019 Economic activity in Cyprus is expected to continue to expand strongly this year, with real GDP estimated to have increased by 3.8% last year, while in 2018, growth is forecasted at 3.6%, tapering off to 3% next year, according to the January
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