https://knews.kathimerini.com.cy/en/news/sklavenitis-and-papantoniou-hypermarkets-to-merge
The news about Sklavenitis' plan to boost its presence in the Cypriot market appears to be confirmed. It seems that the company is currently talking with Papantoniou supermarket about a potential merger....
https://knews.kathimerini.com.cy/en/news/loan-demand-in-cyprus-falls-interest-rates-rise
The Cypriot banking institutions are holding a small basket for demand in new loans....
https://knews.kathimerini.com.cy/en/news/president-talks-up-local-government-reform
Cyprus President Nikos Christodoulides said on Saturday that the reform of the local government was 'perhaps the greatest challenge in the history of the local administration in the country,' while stressing that the reform should be implemented as soon as possible...
https://knews.kathimerini.com.cy/en/news/ai-driven-job-losses-surge-marking-a-disturbing-trend
Almost 4,000 people who were laid off in May lost their jobs because of artificial intelligence, and it's the first time AI has been listed in the monthly report from Challenger, Gray, and Christmas....
https://knews.kathimerini.com.cy/en/news/cyprus-banking-system-ready-to-absorb-shocks
Tasos Yasemidis, an economist, spoke to "SPOR FM 95.0" and the "DIASPORA NEWS" show about the deal for the acquisition of Swiss bank Credit Suisse by UBS and how it affects the banking sector in Cyprus, ...
https://knews.kathimerini.com.cy/en/business/eac-maintains-dominant-position-in-cyprus-energy-production-market
The highest electricity market share in the EU was recorded in Cyprus (88%), reflecting the dominance of the Electricity Authority of Cyprus in the country’s energy market, Eurostat data published on Tuesday show....
https://knews.kathimerini.com.cy/en/news/cyprus-talks-up-imminent-chevron-announcement
Cypriot Energy Minister Natasa Pilides is waging a battle to ensure Chevron’s reluctant development concept for Aphrodite will stick to plan, but cost-cutting ideas, merger wars, and maritime issues continue to blur options backed by an administration on its last leg...
https://knews.kathimerini.com.cy/en/business/more-mergers-and-acquisitions-needed-to-bolster-competitiveness
Cyprus Economy and Competitiveness Council proposed the encouragement of acquisitions and mergers of Cyprus' companies in order to improve their competitiveness....
https://knews.kathimerini.com.cy/en/news/frontline-s-cyprus-move-fails-to-impress-rival
Plans by a shipping tycoon to redomicile his company to Cyprus became unclear after Frontline announced a merger with a rival oil tanker operator fell through...
https://knews.kathimerini.com.cy/en/news/shipping-tycoon-wants-to-transfer-biz-to-cyprus
A Norwegian-born Cypriot billionaire wants to move his shipping company to Cyprus to reap benefits, including an EU-approved tonnage tax regime available only to tax residents of the island, which is scrambling to keep its industry afloat amid sanctions against Russia...
https://knews.kathimerini.com.cy/en/business/small-number-of-banks-meeting-new-loan-demand
The net demand for loans from businesses in Cyprus decreased in the third quarter of 2022, and banks anticipate a similar decline in the net demand for loans from businesses and households in all loan categories in the fourth quarter of 2022 compared to the third quarter.
...
https://knews.kathimerini.com.cy/en/news/passengers-angry-as-turbulence-shakes-cypriot-airports
The Cypriot government is scrambling to put out fires in the aviation industry, with union ground handlers at Paphos airport forming a picket line to protest a merger downsize and leaving passengers stranded for hours in the terminal and on the tarmac...
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/banks-imposing-stricter-lending-standards
Cyprus banks have tightened credit standards in the second quarter of 2022, while net new lending demand subsided, reflecting the geopolitical tensions and the uncertainty in the global economic environment, the Central Bank of Cyprus Bank Lending Survey for Q2 says....
https://knews.kathimerini.com.cy/en/business/kpmg-limited-and-georgiou-iacovou-co-llc-announce-the-admission-of-the-law-firm-georgiou-iacovou-co-llc-to-the-kpmg-global-network-of-member-firms
KPMG Limited and Georgiou, Iacovou & Co LLC wish to announce the admission of the law firm Georgiou, Iacovou & Co LLC to the KPMG global network of member firms, as of 1 August 2022. The law firm will operate in the jurisdiction of Cyprus under the KPMG Law brand. ...
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-why-are-we-all-working-so-hard
The idea that technology can liberate us from the drudgery of work is a powerful one. It has also been a powerful disappointment, at least so far....
https://knews.kathimerini.com.cy/en/business/consumers-to-buy-directly-from-automaker-not-from-dealer
Mercedes-Benz has reached an agreement with its European dealers to switch to a new dealership model, in which customers will buy directly from the automaker and not from the dealer, the German brand said....
https://knews.kathimerini.com.cy/en/business/overcoming-talent-crunch-and-supply-chain-upheaval-among-biggest-success-indicators-for-tech-in-2022
Increased volatility rising out of the evolving COVID-19 pandemic has led to a reshuffling of priorities for the global technology industry....
https://knews.kathimerini.com.cy/en/news/scientists-no-longer-dismissive-of-deltacron
Scientists are no longer dismissive of Deltacron, a merger of two coronavirus variants first pointed out by a Cypriot scientist, with British media reporting on a strain that appears after all to have evolved in someone who caught both at the same time...
https://knews.kathimerini.com.cy/en/business/announcement-of-appointment-of-directors-senior-managers-in-k-treppides-co-ltd
The Management of K. Treppides & Co Ltd is committed to develop leaders who derive from own people and who pursue excellence in the provision of high quality specialised and unique services. ...
https://knews.kathimerini.com.cy/en/news/cypriot-banks-to-reduce-costs
The President of the European Banking Authority speaks to "K"...
https://knews.kathimerini.com.cy/en/news/cyprus-lacks-snitches-to-root-out-cartels
The head of Cyprus’ competition protection office says its program designed to root out cartels on the island has failed because of the country’s closed society where snitching is not part of Cypriot culture...
https://knews.kathimerini.com.cy/en/business/ey-presents-the-17th-cfo-management-forum-and-the-cfo-awards-2021
EY has proudly sponsored the 17th CFO Management Forum and 5th CFO Awards, which were held on Tuesday, September 28th at the Nicosia Hilton....
https://knews.kathimerini.com.cy/en/business/ey-acted-as-lead-advisor-to-the-government-of-the-republic-of-cyprus-for-the-re-development-of-the-larnaca-port-and-marina-area
The Strategy and Transactions team of EY Cyprus undertook a lead financial advisory role on behalf of the Ministry of Transport, Communications and Works (“MTCW”) of the Republic of Cyprus in the successful completion of the transaction for the re-development of the Larnaca Port and Marina area between the Government of the Republic of Cyprus and Kition Ocean Holdings Ltd. ...
https://knews.kathimerini.com.cy/en/news/ecb-tells-cyprus-lawmakers-to-get-it-right
Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...
https://knews.kathimerini.com.cy/en/business/ey-firepower-2021-life-sciences-m-a-falls-to-one-of-lowest-totals-since-2014
EY Firepower 2021: life sciences M&A falls to one of lowest totals since 2014, as biopharmas refocus on alliances and bolt-on deals...
https://knews.kathimerini.com.cy/en/news/local-government-reform-heads-for-summer-freeze
Interior Minister Nikos Nouris has been asked by EU officials to give the rundown of the administration’s latest efforts in local government reform, just days after a proposal for a referendum was defeated by opposition parties that cried foul over the move...
https://knews.kathimerini.com.cy/en/business/appointment-of-directors-principals-senior-manager-in-k-treppides-co
The Management of K. Treppides & Co Ltd committed to develop leadership that derives from its own people, who pursue excellence in the provision of high quality specialised and unique services, is pleased to announce the appointment of the following members into the Board of Management with effect 1 October 2020...
https://knews.kathimerini.com.cy/en/business/over-half-of-emea-private-businesses-expect-revenue-to-decline
https://knews.kathimerini.com.cy/en/news/cyprus-on-alert-as-chevron-snaps-noble
The acquisition of Noble Energy by Chevron is a development that may affect the development of the "Aphrodite" deposit, the Cypriot energy minister has said...