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31° Nicosia,
16 July, 2018
 

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Displaying results 1-30 of 95 matches for query economy.

1. Moody’s says BoC better off after UK sale

http://knews.kathimerini.com.cy/en/news/moody-s-says-bank-of-cyprus-better-off-after-uk-sale

Rating Agency Moody’s has described the sale of Bank of Cyprus UK as credit positive, noting that the sale would place Bank of Cyprus in a better position to focus on reducing its domestic high stock of problematic loans...

2. Government exploring ways to suspend pension cuts

http://knews.kathimerini.com.cy/en/news/government-exploring-ways-to-suspend-pension-cuts

The government is hoping that surpluses at the Single Social Security Entity (EFKA) will allow the non-implementation of pre-legislated pension cuts on January 1 next year....

3. Bank of Cyprus sells UK subsidiary

http://knews.kathimerini.com.cy/en/business/bank-of-cyprus-sells-uk-subsidiary

The Bank of Cyprus Financial Services is being sold to Cynergy Capital, as the BoC walks away from the UK to put more focus on performance in a rebounding Cypriot economy...

4. President thanks parliamentary caucus for Sunday votes

http://knews.kathimerini.com.cy/en/news/president-thanks-parliamentary-caucus-for-sunday-votes

President Nicos Anastasiades praised the ruling and opposition parties for approving state guarantees for Hellenic Bank as well as passing new foreclosure and bankruptcy laws, adding he would not respond to criticism...

5. House approves state guarantees in co-op deal

http://knews.kathimerini.com.cy/en/news/house-approves-state-guarantees-in-co-op-deal

The House passed legislation Sunday night in favour of providing state guarantees to Hellenic Bank in its acquisition of Cyprus Cooperative Bank’s healthy portfolio...

6. Overall retail rise not overshadowed by slight drop

http://knews.kathimerini.com.cy/en/business/overall-retail-rise-not-overshadowed-by-slight-drop

Retail trade volume in Cyprus dropped by 0.8% in April 2018 compared to March, but rose by 5.8% since a year ago...

7. House prepares to define good and bad borrowers

http://knews.kathimerini.com.cy/en/news/house-prepares-to-define-good-and-bad-borrowers

The distinction between responsible and irresponsible borrowers is at the forefront of heated debate this week, with Presidential Palace and Parliament scrambling to strike balance ahead of a crucial vote...

8. Cyprus jobless drop in May biggest in the EU

http://knews.kathimerini.com.cy/en/news/cyprus-jobless-drop-in-may-biggest-in-the-eu

Cyprus recorded the largest unemployment drop in the European Union for May 2018, dropping to 8.4% from 8.6% the previous month...

9. Bad loans revive MP financial disclosure debate

http://knews.kathimerini.com.cy/en/news/bad-loans-revive-mp-financial-disclosure-debate

A ruthless debate is picking up steam among members of parliament following public discussion and media coverage that raises the issue of conflict of interest ahead of a crucial vote on bad loans...

10. AG names investigators to comb though co-op

http://knews.kathimerini.com.cy/en/news/ag-names-investigators-to-comb-though-entire-co-op

A former judge, an economist, and a banker will make up the executive committee that will investigate any suspicious dealings that took place in the troubled Cypriot co-op...

11. ND: Tsipras's 'delusions' delayed debt deal by four years

http://knews.kathimerini.com.cy/en/news/nd-tsipras-s-delusions-delayed-debt-deal-by-four-years

Commenting on the debt deal for Greece secured at the Eurogroup summit early on Friday, conservative New Democracy said that agreement could have been achieved in 2015 if Alexis Tsipras, then opposition leader, had not been "peddling his delusions on the backs of Greek citizens."...

12. ESM warns Cypriot banks of quick fixes

http://knews.kathimerini.com.cy/en/business/esm-warns-cypriot-banks-of-quick-fixes

The European Stability Mechanism warns Cyprus that despite a recent decline in non-performing loans (NPL), the banking sector remains vulnerable due to weak profitability and a still high NPL ratio...

13. New push in the UK for direct flights in the north

http://knews.kathimerini.com.cy/en/news/new-push-in-the-uk-for-direct-flights-in-the-north

The Turkish Cypriot Chamber of Commerce is lending its support to a new petition in the UK, sponsored by a British conservative MP, who is pushing for direct flights to the north one year after the Pegasus restrictions...

14. Capital controls eased further as of Monday

http://knews.kathimerini.com.cy/en/business/capital-controls-eased-further-as-of-monday

Capital controls were eased further on Monday with depositors now permitted to withdraw a monthly maximum of 5,000 euros from bank accounts, up from 2,300 euros....

15. Turkish aid to north comes to 430 million

http://knews.kathimerini.com.cy/en/business/turkish-aid-to-north-comes-to-430-million

The Turkish Cypriot economy is expected to get a boost from Turkish aid in 2018, with approximately €430 million being spent in different areas of the self-declared state in the north...

16. Passport scheme could bring ‘Dutch disease’ to Cyprus

http://knews.kathimerini.com.cy/en/business/passport-scheme-could-bring-‘dutch-disease-in-cyprus

The Fiscal Council is warning that the passports-for-cash scheme could mean that some sectors of the economy could suffer while others grow, a phenomenon known as the Dutch disease...

17. Turkey's Muslim-friendly holidays find a modest place in the sun

http://knews.kathimerini.com.cy/en/life/turkey-s-muslim-friendly-holidays-find-a-modest-place-in-the-sun

Turkey’s $26 billion tourism industry has been battered by security fears and political disputes in recent years but one corner of the market is quietly growing - beach holidays for conservative Muslims...

18. Britons dash to become German before Brexit

http://knews.kathimerini.com.cy/en/news/britons-dash-to-become-german-before-brexit

Driven by the prospect of Britain’s withdrawal from the European Union next year, the number of British passport holders who became German citizens jumped by 162 percent last year, Germany’s Federal Statistics Office said on Wednesday...

19. Cyprus forecasts high GDP growth of 3% plus until 2021

http://knews.kathimerini.com.cy/en/business/cyprus-forecasts-high-gdp-growth-of-3-plus-until-2021

High growth rates exceeding 3% of the GDP and high primary surpluses are projected until the year 2021 in the Strategic Fiscal Policy Framework (SFPF) 2019-2021, which was approved by the cabinet...

20. Tsipras says Greece will meet fiscal targets with no fiscal gap in 2018-9

http://knews.kathimerini.com.cy/en/business/tsipras-says-greece-will-meet-fiscal-targets-with-no-fiscal-gap-in-2018-9

Greece and its foreign creditors agreed that the country will meet its fiscal targets in the coming years and there will be no fiscal gap in 2018 and 2019, Prime Minister Alexis Tsipras told his cabinet ...

21. Venezuela's re-elected Maduro faces overseas censure

http://knews.kathimerini.com.cy/en/news/venezuela-s-re-elected-maduro-faces-overseas-censure

Venezuela’s socialist leader Nicolas Maduro faced fresh international censure on Monday after re-election in a vote foes denounced as a farce cementing autocracy in the crisis-stricken OPEC nation...

22. The first modern Islamist fundamentalist conquest of the West?

http://knews.kathimerini.com.cy/en/comment/opinion/the-first-modern-islamist-fundamentalist-conquest-of-the-west

New revelations expose Turkey stealthily positioning itself to attempt to permanently possess the northern third of Cyprus which is rich in hydrocarbons...

23. Cyprus, Malta, Greece want red tape cut to boost shipping

http://knews.kathimerini.com.cy/en/business/cyprus-malta-greece-want-red-tape-cut-to-boost-shipping

The shipping ministers of Cyprus, Malta and Greece say they want the European Union to cut red tape holding back growth in the sector, which they say provides 2.1 million jobs and 142 billion euros to Europe's economy...

24. Europe’s walls and Italy

http://knews.kathimerini.com.cy/en/comment/europe-s-walls-and-italy

A coalition government between two Italian parties that are ready to challenge core European Union rules and practices will show whether the Union still has reserves of strength or whether decay and fragmentation are inevitable...

25. Booming Cyprus breaks more tourism records

http://knews.kathimerini.com.cy/en/business/booing-cyprus-breaks-more-tourism-records

An influx of Russian and British tourists has helped Cyprus break more records for the number of arrivals this year...

26. Cyprus has lowest annual inflation in the EU

http://knews.kathimerini.com.cy/en/business/cyprus-has-lowest-annual-inflation-in-the-eu

Cyprus registered the lowest annual inflation in the European Union for April 2018, with a rate of -0.3%, according to Eurostat....

27. Cyprus GDP growth is creating more jobs

http://knews.kathimerini.com.cy/en/business/cyprus-gdp-grows-by-0-8-in-the-first-three-months

Bailed out eurozone member Cyprus notched up its 13th consecutive quarter in positive growth with GDP rising 0.8 percent in the first quarter, an official estimate showed...

28. Erdogan slams rating agencies for upgrading 'bankrupt' Greece

http://knews.kathimerini.com.cy/en/news/erdogan-slams-rating-agencies-for-upgrading-bankrupt-greece

Turkish President Recep Tayyip Erdogan took a fresh swipe at rating agencies on Friday over the recent downgraded and the negative outlook they have assigned for the Turkish economy, using “bankrupt” Greece as an example....

29. Trump seeks 'very meaningful' summit in with N. Korea

http://knews.kathimerini.com.cy/en/news/trump-seeks-very-meaningful-summit-in-with-n-korea

US President Donald Trump has high hopes of “doing something very meaningful” to curtail North Korea’s nuclear ambitions at a summit in Singapore next month, after Pyongyang smoothed the way for talks by freeing three American prisoner...

30. All lights 'set on green' for end to Greek bailout

http://knews.kathimerini.com.cy/en/business/all-lights-set-on-green-for-end-to-greek-bailout

Greece’s exit from a bailout program instituted by the eurozone and International Monetary Fund looks set to proceed in August, Luxembourg finance minister Pierre Gramegna said on Friday...