https://knews.kathimerini.com.cy/en/news/eu-cuts-funds-to-hungary-over-unpaid-asylum-fine
The European Union has begun the process of reclaiming hundreds of millions of euros meant for Hungary after the country's government refused to pay a significant fine for violating the bloc’s asylum rules....
https://knews.kathimerini.com.cy/en/news/minister-backs-cyprus-crete-cable-raek-to-review
According to Apostolos Tomaras' article which was published in Kathimerini's Cyprus edition, Cyprus and Greece are poised to resolve lingering issues surrounding the electricity interconnection project between Cyprus and Crete......
https://knews.kathimerini.com.cy/en/news/cyprus-secures-majority-of-eu-funds-with-minor-tax-reform-pending
The European Commission has given Cyprus the green light for most of its request for €152 million in funding as part of the EU’s Recovery and Resilience plan, which aims to boost economies after the pandemic. Out of 38 goals Cyprus needed to meet, 37 were approved....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-moves-from-london-to-athens-stock-exchange-in-major-shift
In a series of significant moves, Cyprus's banking sector is undergoing notable changes this autumn....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-reduces-loan-rates-to-3-65-amid-ecb-policy-shift
The Bank of Cyprus is lowering the reference interest rate on loans linked to the European Central Bank’s (ECB) base rate, effective Sept. 18, 2024....
https://knews.kathimerini.com.cy/en/news/billionaire-jared-isaacman-completes-first-ever-commercial-spacewalk
On Thursday, billionaire tech entrepreneur Jared Isaacman achieved a historic milestone by participating in the first private spacewalk, in collaboration with SpaceX. ...
https://knews.kathimerini.com.cy/en/business/second-quarter-first-half-2024-financial-results
AEGEAN announces its financial results for the Second Quarter and First Half of 2024.
...
https://knews.kathimerini.com.cy/en/news/court-boosts-doctors-monthly-payments-in-€1-3-million-malpractice-case
In a recent decision, Cyprus’s Court of Appeal increased the monthly repayment amounts required from three doctors who were found liable for medical negligence. ...
https://knews.kathimerini.com.cy/en/news/with-cyprus-sending-electricity-to-occupied-areas-water-exchange-could-be-next
An article from the Turkish edition of the Independent raises concerns about the possibility of Greek Cypriots needing to request water from the Turkish-occupied areas in the coming years. ...
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-considers-selling-jcc-to-euronet
Changes are imminent in Cyprus' payment sector as discussions unfold regarding the sale of JCC Payment Systems Ltd to Euronet. JCC Payment Systems......
https://knews.kathimerini.com.cy/en/news/multicare-elite-by-universal-life-delivers-unparalleled-medical-coverage-with-the-highest-limits-in-cyprus
Interview with Accident & Health Manager of Universal Life Stelios Sofroniou...
https://knews.kathimerini.com.cy/en/news/boc-fintech-hackathon-5-0-where-the-fintech-nation-begins
The Bank of Cyprus is organizing the 5th BoC Fintech Hackathon 5.0, focused on innovative technologies in the financial sector (Fintech), on October 18-20, 2024. It will be held in person at the IDEA Innovation Center....
https://knews.kathimerini.com.cy/en/news/christodoulides-backs-eurobank-s-big-move-into-india
President Nikos Christodoulides has shown strong support for Eurobank’s plan to expand into India, seeing it as a significant chance to boost business ties between Cyprus and one of the world's largest economies....
https://knews.kathimerini.com.cy/en/news/starlink-s-finances-frozen-in-brazil-after-legal-conflict-with-elon-musk-s-x
Brazil's top judge has ordered a freeze on the finances of Elon Musk's satellite internet service, Starlink, preventing the company from conducting financial transactions in the country....
https://knews.kathimerini.com.cy/en/news/ecb-cuts-cypriot-bond-holdings-to-€6-38-billion
The value of Cypriot sovereign bonds held by the Eurosystem, as part of the Public Sector Purchases Programme (PSPP) and the Pandemic Emergency Purchases Programme (PEPP) declined to €6.38 billion......
https://knews.kathimerini.com.cy/en/business/paphos-man-loses-€200-000-in-online-fraud-scheme
Police are investigating a new online fraud case involving a large sum of money after a 67-year-old man reported being swindled out of €200,000. The complaint was filed today at the Paphos Police Station, according to Cyprus Police....
https://knews.kathimerini.com.cy/en/news/fake-contests-and-phishing-scams-surge-warns-cyprus-consumers-association
The Cyprus Consumers Association (CSC) has issued a warning about a surge in consumer fraud, where cunning individuals employ various tricks to extort money from unsuspecting victims. ...
https://knews.kathimerini.com.cy/en/news/french-firm-warns-of-halt-on-cyprus-crete-cable-over-payments
The second meeting of the Commission overseeing the Cyprus-Crete electric cable project, which included representatives from IPTO, the energy ministries of Cyprus and Greece, and the energy regulators from both countries, ended with no significant progress....
https://knews.kathimerini.com.cy/en/business/eurobank-completes-takeover-of-hellenic-bank
Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., has successfully completed its mandatory takeover bid for Hellenic Bank Public Company Limited. ...
https://knews.kathimerini.com.cy/en/news/gesy-reserve-fund-soars-to-€590-million
The General Healthcare System (GESY) reserve fund remains high at approximately €590 million, exceeding international best practices......
https://knews.kathimerini.com.cy/en/news/cyprus-non-cash-payment-value-hits-€129-billion
Non cash payments in Cyprus in the second half of 2023 rose by 12% year on year to €129 billion with total transactions amounting to 152 million marking an annual increase of 15%, the Central Bank of Cyprus (CBC) has said....
https://knews.kathimerini.com.cy/en/news/cyprus-could-face-financial-strain-over-vasilikos-debacle
The abandonment of the Vasilikos terminal project by a Chinese consortium has triggered a cascade of financial and operational challenges for Cyprus, with substantial implications for state finances and energy infrastructure....
https://knews.kathimerini.com.cy/en/comment/opinion/former-ministers-to-pay-fines-after-interconnector-tax-probe
Fines and fees for former officials linked to Interconnector companies....
https://knews.kathimerini.com.cy/en/business/bank-of-england-cuts-interest-rates-after-nearly-a-year-of-stability
The Bank of England (BoE) has cut interest rates for the first time since the start of the COVID-19 pandemic, dropping them from a 16-year high. This decision, made by a narrow 5-4 vote, reflects a split among policymakers about whether inflation is under control....
https://knews.kathimerini.com.cy/en/comment/opinion/70-of-cypriots-and-greeks-choose-card-payments-over-cash
We are moving ever closer to abolishing cash for consumers and businesses....
https://knews.kathimerini.com.cy/en/news/cyprus-government-rakes-in-over-€424m-in-surpluses-this-year
Cyprus has reported a substantial budget surplus of €424.5 million for the first half of 2024, a huge increase from the €62 million surplus during the same period last year. ...
https://knews.kathimerini.com.cy/en/news/nicosia-municipality-embraces-digital-era-ends-cheque-payments
In a significant shift towards modernization, the Nicosia Municipality announced it will no longer accept cheque payments, urging residents to transition to electronic and card-based payment methods. ...
https://knews.kathimerini.com.cy/en/news/police-seize-truck-with-unmarked-meat-heading-for-occupied-side
On July 25, 2024, Cypriot authorities seized a commercial truck attempting to transport over two tonnes of unmarked fresh meat to the occupied territories from an unauthorized crossing point, following a notification from the police....
https://knews.kathimerini.com.cy/en/business/online-booking-scams-skyrocket
Scams involving online booking platforms have exploded over the past 18 months, with fraudsters increasingly targeting tourists, according to a report by Kathimerini.gr....
https://knews.kathimerini.com.cy/en/news/cyprus-requests-€89-2m-in-eu-grants-for-recovery-plan
The European Commission received a payment request on Thursday from Cyprus for €89.2 million in grants, netting €76.9 million after pre-financing....
