https://knews.kathimerini.com.cy/en/news/banking-sector-to-cut-600-more-employees
The number of employees in the Cypriot banking sector will have been reduced further by the end of 2022. By the end of this year, 600 bank employees will have left the company, while about 50 will have been transferred to a similar but non-banking sector....
https://knews.kathimerini.com.cy/en/news/israel-clinches-deal-with-lebanon-cyprus-still-at-bay
The eastern Mediterranean was on a roll this week after US mediation managed to get broad acceptance for an Israel-Lebanon maritime demarcation deal, but Tel Aviv still faces another challenge only weeks before elections as not everyone is at ease with similar arbitration efforts to resolve a dispute with Cyprus...
https://knews.kathimerini.com.cy/en/news/how-much-loan-can-a-couple-with-an-income-of-€2-000-get
Housing loans are an issue that inevitably affects a large number of young couples. Because housing prices have skyrocketed while wages have remained stagnant, the need for housing leads to borrowing....
https://knews.kathimerini.com.cy/en/business/global-fintech-market-resilient-in-h1-22-$107-8-billion-in-investment-according-to-kpmg-s-pulse-of-fintech
Global fintech investment declined from $111.2 billion in H2’21 to $107.8 billion in H1’22, but remained remarkably resilient compared to historical trends given the challenges affecting the broader investment market, including geopolitical uncertainty, growing inflation, and increasing interest rates. ...
https://knews.kathimerini.com.cy/en/business/ecommbx-celebrates-its-5th-birthday-with-its-new-partner-citi
On 22 September, ECOMMBX, a progressive Electronic Money Institution in Cyprus, celebrated its 5th year in business. ...
https://knews.kathimerini.com.cy/en/business/ecommbx-opens-new-horizons-enabled-by-its-new-banking-agreement-with-citi
ECOMMBX, a progressive Electronic Money Institution based in Nicosia, proudly announces that it has concluded a correspondent banking agreement with Citi, the world’s most global bank. This new collaboration delivers a range of benefits for both ECOMMBX as well as Cyprus, as a jurisdiction....
https://knews.kathimerini.com.cy/en/news/erdogan-convenes-meeting-to-discuss-sanctions-on-russia-in-possible-turnaround
Turkish President Tayyip Erdogan will convene a top-tier economy-focused meeting on Friday at which Russian payment system Mir and possible Western sanctions will be discussed, two sources with information on the matter told Reuters....
https://knews.kathimerini.com.cy/en/news/two-turkish-banks-suspend-russian-mir-payments-after-u-s-sanctions
Turkish lenders Isbank and Denizbank have suspended the use of the Russian payment system Mir, the banks said on Monday, following a U.S. crackdown on those accused of helping Moscow skirt sanctions over the war in Ukraine....
https://knews.kathimerini.com.cy/en/news/cyprus-requests-disbursal-of-€85-million-rrf-funds-from-ec
The European Commission announced it received on Thursday the first payment request from Cyprus under the Recovery and Resilience Facility (RRF) for the disbursement of €85 million in financial support (net of pre-financing), ...
https://knews.kathimerini.com.cy/en/business/ecommbx-earns-great-place-to-work®-certification
ECOMMBX is proud to announce that it has earned the coveted Great Place to Work® Certification with flying score, which is likely to be among the top – if not the highest – scores for this year....
https://knews.kathimerini.com.cy/en/business/ecommbx-receives-the-prestigious-invest-cyprus-international-investment-award
On 1 July 2022, at the 10th Ιnvest Cyprus International Investment Awards ceremony at the Parklane Spa & Resort in Limassol, under the auspices of the President of the Republic, Nicos Anastasiades. ...
https://knews.kathimerini.com.cy/en/news/local-councilor-arrested-after-company-bleeds-cash
A local councilor in rural Larnaca has been remanded in custody on suspicion of swindling a produce company in his community out of half a million, following an audit that revealed blank cheques were misused...
https://knews.kathimerini.com.cy/en/news/russia-defaults-on-foreign-debt-for-the-first-time-since-1918
Russia has defaulted on its foreign debt for the first time in more than a century as the country can't pay creditors due to sanctions over the war in Ukraine, according to media reports.
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https://knews.kathimerini.com.cy/en/business/myth-buster-ifrs-17-an-accounting-standard-for-insurance-contracts
As the title attests, this short article aims at busting the myth which states that IFRS 17 – Insurance Contracts is only relevant for insurers or for companies regulated as insurance entities. ...
https://knews.kathimerini.com.cy/en/business/ey-announces-4-new-partners-in-cyprus-and-welcomes-new-head-of-consulting
EY Cyprus Country Managing Partner, Ronald Attard, has welcomed the announcement of 4 new partners to the Cyprus practice....
https://knews.kathimerini.com.cy/en/news/europe-agrees-to-ban-90-of-russian-oil
European Union leaders agreed Monday to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow worked out at a summit focused on helping Ukraine with a long-delayed package of new financial support....
https://knews.kathimerini.com.cy/en/business/cbc-cryptocurrencies-are-a-potential-risk-to-the-economy
Losing 26% of its value in the last month, Bitcoin and other cryptocurrencies are in danger of dragging the "real economy" with their unpredictable fluctuations....
https://knews.kathimerini.com.cy/en/business/lebanese-banks-in-cyprus-to-shut-down-amid-the-country-s-financial-crisis
Branches of Lebanese banks operating in Cyprus will shut down following a decision by the country’s Central Bank. A Central Bank of Cyprus (CBC) official has confirmed to CNA the decision taken by the country’s banking regulator....
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-digitalization-of-the-global-tax-administration
In the era of the coronavirus pandemic, the digital revolution, and the ever-evolving globalization, the digitalization of the tax administration seems to be a one-way route. But what exactly is the digitalization of the tax administration and how this will affect the tax function around the globe?...
https://knews.kathimerini.com.cy/en/news/russia-cuts-electricity-to-finland
Russia will suspend electricity supplies to Finland this weekend, a supplier said on Friday as tensions rise over Helsinki's NATO bid amid Moscow's military campaign in Ukraine....
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-pillar-two-on-a-global-minimum-taxation
On 22 December 2021, the European Commission proposed a Directive on the introduction of a minimum effective corporate tax rate of 15% on large multinational enterprise (MNE) groups operating in the European Union (EU)....
https://knews.kathimerini.com.cy/en/news/eu-states-divided-over-russian-oil-sanctions
The European Union was preparing sanctions on Russian oil on Monday, with possible exemptions for wary countries, and warned that complying in full with Moscow's proposed scheme to receive gas payments in roubles would breach existing EU sanctions....
https://knews.kathimerini.com.cy/en/news/anastasiades-the-protection-of-employees-rights-is-a-priority
President Nicos Anastasiades on Sunday listed a number of government policies and strategies as well as decisions in favor of laborers, as he addressed an event organized by trade union SEK in honor of Labor Day at the village of Amiantos....
https://knews.kathimerini.com.cy/en/news/turkey-expands-usage-of-mir-to-circumvent-payment-problems-for-russian-tourists
Turkey is trying to attract more Russian tourists by expanding the usage of the Russian Mir payment system in Turkey as it seeks to bypass the payment bottleneck created by Western sanctions....
https://knews.kathimerini.com.cy/en/news/boris-becker-faces-jail-term-for-failing-to-declare-his-millions
Three-time Wimbledon champion Boris Becker could be sent to jail today as he faces a sentence for flouting the terms of his 2017 bankruptcy....
https://knews.kathimerini.com.cy/en/news/europe-scrambles-for-natural-gas-solution-as-putin-squeezes-supply
The European Union is racing to find alternative suppliers of natural gas after Russia's Gazprom cut flows to two EU nations, sparking fears that others will soon follow....
https://knews.kathimerini.com.cy/en/business/euler-hermes-is-now-allianz-trade
Todaymarks a new chapter in our story: Euler Hermes, the world leader in trade credit insurance, becomes Allianz Trade – a natural moveas we have been fully part of the Allianz Group since 2018...
https://knews.kathimerini.com.cy/en/news/roman-abramovich-asking-friends-for-loans
Russian billionaire Roman Abramovich is reportedly seeking loans from his wealthy and powerful friends in Hollywood, Wall Street and the tech industry in order to be able to pay his staff, as his US and UK accounts have been frozen....
https://knews.kathimerini.com.cy/en/news/russia-teetering-on-brink-of-default-as-us-stops-bond-payments
The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant to ratchet up pressure on Moscow and eat into its holdings of dollars....
https://knews.kathimerini.com.cy/en/business/the-act-of-a-balanced-work-life-and-its-yin-yang-ecommbx
Life is a delicate yin yang, or merely one more reason to celebrate each day we all share on this planet we call home!...
