https://knews.kathimerini.com.cy/en/comment/opinion/create-a-superministry-to-reduce-bureaucracy
In Cyprus, the proliferation of committees, excessive bureaucracy, and overlapping responsibilities of high-ranking officials have reached unprecedented levels, especially when problems are on the rise....
https://knews.kathimerini.com.cy/en/news/icij-shakes-up-european-parliament
The findings of the Cyprus Confidential investigation by the International Consortium of Investigative Journalists (ICIJ) will be discussed on Wednesday during the Plenary of the European Parliament which will be held in Strasbourg, in the presence of representatives of the Commission and the Council of the EU....
https://knews.kathimerini.com.cy/en/news/guardian-russian-money-flows-without-questions-in-the-occupied-territories
In the Turkish-occupied northern Cyprus, an influx of Russian speakers, particularly from the former Soviet Union, has turned the area into a real estate hotspot. ...
https://knews.kathimerini.com.cy/en/news/demetriou-s-challenge-for-cyprus-to-rise-from-the-credibility-ashes
The need for a collective and comprehensive effort to reclaim the credibility of Cyprus is more urgent than ever, pledged on Thursday President of the House of Representative Annita Demetriou....
https://knews.kathimerini.com.cy/en/business/astrobank-residential-and-commercial-properties-for-sale
AstroBank is selling commercial and residential properties in various areas of Cyprus such as Paphos, Nicosia, Limassol and Larnaca....
https://knews.kathimerini.com.cy/en/comment/opinion/abraham-s-tinderbox
I’ll begin by clearly condemning Hamas and its terrorist thugs and express grief at the horrors inflicted on innocent Israeli civilians on 7 October....
https://knews.kathimerini.com.cy/en/comment/opinion/michalis-persianis-the-wet-firecracker
The Cyprus Confidential revelations turned out to be a 'petard mouille', a wet firecracker failing to generate the anticipated excitement. This disappointment surpassed the one we experienced when we photographed accountants, politicians, lawyers, and bankers up to their chests while in the nude....
https://knews.kathimerini.com.cy/en/news/government-prepares-compensation-relief-for-clipped-depositors
In a recent press briefing at the Presidential Palace, Government Spokesman Konstantinos Letymbiotis provided crucial updates on the impending compensation for clipped depositors....
https://knews.kathimerini.com.cy/en/news/pwc-s-secret-dance-with-russian-oligarchs-revealed
Another episode is unfolding that stains Cyprus' name on a global scale. This time, it's not about the Naturalization Program or "golden passports" but centers on sanctions imposed on Russian oligarchs since Russia invaded Ukraine in February 2022....
https://knews.kathimerini.com.cy/en/news/cyprus-confidential-unveils-scandalous-financial-ties
The ICIJ investigation reveals that PwC Cyprus collaborated with at least 12 Russians under Western sanctions, aiding in wealth transfer during Russia's annexation of Crimea and the Donbass war....
https://knews.kathimerini.com.cy/en/news/michael-kyprianou-co-scoops-prestigious-cyprus-firm-of-the-year
Michael Kyprianou & Co LLC has been awarded the Cyprus Firm of the Year Award by Who’s Who Legal (WWL). ...
https://knews.kathimerini.com.cy/en/life/enchanting-lights-and-joyful-nights-as-paramythoupoli-gets-ready
As the capital readies itself for the holiday season, the D'Avila Trench transforms into a festive haven, offering an enchanting escape for both children and adults....
https://knews.kathimerini.com.cy/en/news/uk-pledges-humanitarian-aid-to-gaza-from-their-bases-in-cyprus
In a significant foreign policy address at the Lord Mayor's dinner, UK Prime Minister Rissy Shunak announced plans to use British bases in Cyprus for transporting humanitarian aid to Gaza....
https://knews.kathimerini.com.cy/en/news/cyprus-central-bank-challenges-court-ruling-on-laiki-bank-haircuts
The Central Bank of Cyprus (CBC) declared on Tuesday its intention to appeal the Limassol District Court's decision favoring the claimant in the Laiki Bank deposit impairment case from 2013....
https://knews.kathimerini.com.cy/en/news/boc-reports-€349-million-in-profits-plans-employee-bonuses-for-2024
In a significant financial turnaround, Bank of Cyprus reported a notable profit of €349 million for the nine months ending September 30, 2023, marking a substantial improvement from the €19 million loss in the same period last year. ...
https://knews.kathimerini.com.cy/en/business/eurozone-economic-snapshot-november-13-2023
Inflation in the Eurozone, which stood at 10.6% in October 2022, has decreased to 2.9% in October 2023, sparking optimism among central bankers....
https://knews.kathimerini.com.cy/en/news/elizabeth-mccaul-unveils-hidden-financial-dangers
A strong signal highlighting the need for closer scrutiny of non-bank financial institutions comes from Frankfurt, as Elizabeth McCaul, a member of the European Central Bank's Supervisory Board, emphasizes the potential risks....
https://knews.kathimerini.com.cy/en/news/babies-among-12-dead-in-israel-hamas-fuel-dispute
Hamas has denied refusing an offer of fuel from Israel for Gaza's biggest hospital, which the World Health Organisation says is "not functioning" due to bombing and gunfire....
https://knews.kathimerini.com.cy/en/news/kyiv-hit-by-air-attack-mayor-urges-shelter-stay
Explosions have been heard in Kyiv as the Ukrainian capital came under an air attack, its mayor has said....
https://knews.kathimerini.com.cy/en/news/central-banks-across-europe-hold-firm-amidst-rate-cut-speculations
Europe's top central bankers have affirmed that despite market expectations for a reduction due to weakening growth, interest rates will persist at elevated levels. ...
https://knews.kathimerini.com.cy/en/news/financial-tsunami-looms-as-limassol-court-decision-sends-shockwaves-through-cyprus
In a potentially precedent-setting decision, the Limassol District Court has upheld its initial ruling in favor of a Russian depositor of the People's Bank, potentially exposing the state to financial implications of up to 2-3 billion euros....
https://knews.kathimerini.com.cy/en/news/why-astrobank-and-cdb-bank-couldn-t-agree-on-a-price
The deal between Astrobank and CDB Bank fell apart over a few million euros, even though they had given a "reason" and had agreed on the price in September 2023....
https://knews.kathimerini.com.cy/en/business/1-residential-and-agricultural-land-for-sale-by-astrobank
AstroBank is selling agricultural and residential land in various areas of Cyprus such as Famagusta, Larnaca, Paphos, and Nicosia....
https://knews.kathimerini.com.cy/en/news/russian-depositor-triumphs-over-laiki-bank-s-2013-haircut
The Legal Service, on behalf of the Republic of Cyprus and the Central Bank of Cyprus (CBC), will appeal the decision of the Limassol District Court, which awarded compensation to a depositor of the former Laiki Bank for the 2013 deposit haircut, according to CNA....
https://knews.kathimerini.com.cy/en/news/rising-number-of-bounced-checks-a-growing-concern
A total of 36 bad cheques, worth €566,732, were issued in October 2023, with 21 persons (14 legal entities and 7 natural persons) being registered in the preliminary list of the Central Information Register for the Issuers of Dishonoured Cheques (CIR), maintained by the Central Bank of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/business/cyprus-banks-bracing-for-profit-squeeze-according-to-moody-s
Moody's believes that Cyprus' small and saturated banking sector, the banks' limited loan portfolio, and low fee and commission income will restrict opportunities for growth in domestic banks' activities and profitability in the long term....
https://knews.kathimerini.com.cy/en/news/will-foreclosures-plague-2023
There is a race against time, with only a few weeks left to address the issue of foreclosures and enhance the framework....
https://knews.kathimerini.com.cy/en/comment/opinion/from-ill-considered-posts-to-digital-faux-pas
In the Cypriot digital political arena of Facebook, Twitter, Instagram, and lately, TikTok, national anniversaries, the Cyprus issue, and other significant events in a historical context or related to tumultuous international developments have perennially been fertile ground for blunders. ...
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-and-hellenic-bank-upgraded-by-fitch
Fitch Ratings has delivered significant upgrades to the two largest Cypriot banks, Bank of Cyprus and Hellenic Bank, signaling a positive turn in Cyprus's economic landscape and a bright outlook for both financial institutions....
https://knews.kathimerini.com.cy/en/news/fitch-upgrades-hellenic-s-long-term-rating-to-bb-with-stable-outlook
In a recent announcement, Fitch Ratings raised Hellenic Bank's long-term rating from "BB-" to "BB+" and assigned a stable outlook to the bank. The agency also upgraded the bank's Viability Rating (VR) to "bb+" from "bb-."...
