Russian oligarchs and politicians can circumvent Western sanctions through fencing companies, including in the British Virgin Islands. This is according to research by the journalists consortium ICIJ. There are more than 11,000 mailbox companies and other screen constructions to Russia. It does so based on five past data breaches.
Cyprus bets on European electricity connection while keeping gas field running full throttle
The European country with the most zone hours generates little renewable energy. Corona funds should help to change that. But a submarine electricity connection must above all provide solace.
New Boeing is named after Larnaca
Just in time for the start of the summer season, Cyprus gets a new flying ambassador. Larnaca, the most important region of Cyprus for TUI holidaymakers from all over the world, is the eponym for the new Boeing 737-8 from TUI fly. In Cyprus, the plane with the flight number X3 4564 was greeted today (10.04.2022) by the airport fire brigade with water fountains and then christened by the...
Cyprus will likely support the port closure, but only in pan-European scale
Ukrainian president Volodymir Zelensky has called on Cyprus and other countries of the European Union to close their ports to Russian ships. He did so in a video address to the Parliament of Cyprus.
CWSI security company acquires Blaud
Blaud has been acquired by Irish industry partner CWSI. Through the transaction, the Utrecht-based security specialist will become fully owned by CWSI, including its twenty employees. CWSI, active in Ireland and the United Kingdom, expect that with the first crossing to the European mainland, the conversion will swell to more than twenty million euros this year.
Turkish-Israeli relations and the Cyprus question
One of the reasons why observers do not completely ignore an improvement in relations is that Turkey and Israel have a long history of cooperation. Turkey was the first Muslim-majority country to recognize Israel, and did so in March 1949. While the initial Turkish rapprochement was inspired by the desire to gain favor in Washington and gain support for its NATO membership, Ankara and Tel Aviv...
Wargaming will relocate developers from Ukraine, Russia and Belarus to Cyprus
The Belarusian publisher Wargaming leaves Russia and Belarus. Why the company chose this is unknown. Wargaming did not name a specific reason for the departure, but it is presumably related to the war in Ukraine.
Dmitry Aga, the Russian coal king, and inconsistencies in the case of Bosov’s suicide
Dmitry Aga is a Russian shadow oligarch close to Putin or at least close to those who are really close to the Russian president. According to the information received, it was Dmitry Aga who benefited from the mysterious death of his former boss, Dmitry Bosov. Dmitry Aga, managing the Sibantracite company, intended to lead a large holding company to a hostile takeover by oligarchs, in particular...