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12° Nicosia,
01 November, 2024
 

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Displaying results 1-30 of 561 matches for query profit.

1. Euronet remains only bidder in delayed JCC sale

https://knews.kathimerini.com.cy/en/news/euronet-remains-only-bidder-in-delayed-jcc-payment-systems-sale

The process for the sale of JCC Payment Systems, which began confidentially over the summer, appears to have hit a "snag," with Euronet as the only prospective buyer. ...

2. Caravan of Humanity spreads joy and solidarity across Cyprus

https://knews.kathimerini.com.cy/en/news/caravan-of-humanity-spreads-joy-and-solidarity-across-cyprus

The Caravan of Humanity, a non-profit group founded in Austria, wrapped up their uplifting mission in Cyprus on October 28, leaving behind a trail of laughter and goodwill. ...

3. Cyprus achieves first A-level credit rating in major milestone

https://knews.kathimerini.com.cy/en/business/cyprus-achieves-first-a-level-credit-rating-in-major-milestone

Scope Ratings has upgraded Cyprus's credit rating to A- from BBB+, marking the country's first A-level rating from a major credit agency....

4. CBC urges banks to show social responsibility despite sector’s strength

https://knews.kathimerini.com.cy/en/news/cbc-urges-banks-to-show-social-responsibility-despite-sector-s-strength

The Central Bank of Cyprus (CBC) released its annual Financial Stability Report for 2023 on Tuesday, indicating that the financial sector is overall strong and capable of handling unexpected challenges. ...

5. Cyprus surpasses pre-pandemic financial levels with growing surplus

https://knews.kathimerini.com.cy/en/business/cyprus-surpasses-pre-pandemic-financial-levels-with-growing-surplus

Cyprus is bouncing back from recent economic challenges, with its financial health improving dramatically. Current fiscal surpluses now exceed what they were before the pandemic, thanks to a significant increase in revenue....

6. FT: Foreign students lured to illegal universities in occupied Cyprus

https://knews.kathimerini.com.cy/en/news/ft-foreign-students-lured-to-illegal-universities-in-occupied-cyprus

The Financial Times published an extensive report from Nicosia, highlighting a scheme targeting foreign students, particularly from Africa and Asia, through agencies promoting study opportunities at illegal universities in the occupied northern Cyprus....

7. Bank profits in crosshairs as tax talks heat up

https://knews.kathimerini.com.cy/en/news/bank-profits-in-crosshairs-as-tax-talks-heat-up

The future of a special tax on bank deposits paid to the state may be heading for a shift, though a final decision is not guaranteed. ...

8. Freedom Holding Corp. marks 5th anniversary of Nasdaq IPO with significant growth milestones

https://knews.kathimerini.com.cy/en/business/freedom-holding-corp-marks-5th-anniversary-of-nasdaq-ipo-with-significant-growth-milestones

Freedom Holding Corp. (FRHC) is celebrating the fifth anniversary of its IPO on the Nasdaq Capital Market, one of the world’s leading stock exchanges. ...

9. ECB to review AKEL’s proposed bank tax amid financial concerns

https://knews.kathimerini.com.cy/en/news/ecb-to-review-akel-s-proposed-bank-tax-amid-financial-concerns

The European Central Bank (ECB) is set to evaluate a proposed "windfall tax" on banks, commonly associated with the leftist political party AKEL, in Cyprus. ...

10. EU takes Cyprus to court over tax law delays

https://knews.kathimerini.com.cy/en/news/eu-takes-cyprus-to-court-over-tax-law-delays

The European Commission has referred Cyprus, along with Spain, Poland, and Portugal, to the European Court of Justice for failing to implement the 2022 directive on a global minimum level of taxation for multinational corporations and large companies (Pillar 2 directive)....

11. Spin For Smiles: ALPHAMEGA Hypermarkets support the vision of the Karaiskakio Foundation

https://knews.kathimerini.com.cy/en/business/spin-for-smiles-alphamega-hypermarkets-support-the-vision-of-the-karaiskakio-foundation

ALPHAMEGA Hypermarkets and the Karaiskakio Foundation join forces once again, promoting a common vision ... a world full of children’s smiles! ...

12. BOC shares open at €4.78 on Athens exchange post-London exit

https://knews.kathimerini.com.cy/en/news/boc-shares-open-at-4-78-on-athens-exchange-post-london-exit

The Bank of Cyprus made its debut on the Athens Stock Exchange (ASE) today, following the delisting of its shares from the London Stock Exchange (LSE). ...

13. Cypriot loan servicers struggle as red loans hit €21.2B

https://knews.kathimerini.com.cy/en/news/cypriot-loan-servicers-struggle-as-red-loans-hit-€21-2b

While non-performing loans (NPLs) in Cypriot banks are gradually declining, the situation remains dire for "red loans" held by loan acquisition companies, or "servicers." ...

14. FTC accuses Meta of putting profits ahead of user privacy

https://knews.kathimerini.com.cy/en/news/ftc-accuses-meta-of-putting-profits-ahead-of-user-privacy

A years-long study has uncovered that major social media and internet companies are involved in "mass surveillance" to capitalize on users' personal data, according to the U.S. Federal Trade Commission (FTC)....

15. Moody’s sees positive outlook for Hellenic Bank following Eurobank deal

https://knews.kathimerini.com.cy/en/news/moody-s-sees-positive-outlook-for-hellenic-bank-following-eurobank-deal

Moody’s upgraded Hellenic Bank’s credit rating to Baa2 from Baa3 on Wednesday, citing the recent acquisition of a 56% stake by Eurobank S.A. The agency also revised the bank's outlook to positive. ...

16. Eurobank and India collaborate to create strategic business council

https://knews.kathimerini.com.cy/en/news/eurobank-and-india-collaborate-to-create-strategic-business-council

Mr. Ioannou raised concerns about whether the bank has a plan to maintain its strong profitability, which has largely come from rising interest rates......

17. US sanctions two Cypriots over spyware threat

https://knews.kathimerini.com.cy/en/news/us-sanctions-two-cypriots-over-spyware-threat

Two Cypriot individuals were included in the new designations issued on Monday by the Treasury’s Office of Foreign Assets Control (OFAC)....

18. Cyprus secures majority of EU funds, with minor tax reform pending

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....

19. Cypriot President criticized for overtime and pension controversies

https://knews.kathimerini.com.cy/en/comment/opinion/cypriot-president-criticized-for-overtime-and-pension-controversies

Last September, Cypriot society witnessed the debacle involving Doxa Komodromou, who, despite being an official, billed the state for overtime at the president's request for events and speeches outside regular hours....

20. Bank of Cyprus to re-list on Athens exchange after seven years

https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-to-re-list-on-athens-exchange-after-seven-years

The Bank of Cyprus will re-list on the Athens Stock Exchange (ASE) after a seven-year absence, following the approval of two resolutions by shareholders at an Extraordinary General Meeting on September 13, 2024. ...

21. Wizz Air’s 7-hour flights start at £89 if you're up for a squeeze

https://knews.kathimerini.com.cy/en/news/wizz-air-s-7-hour-flights-start-at-£89-if-you-re-up-for-a-squeeze

Ultra-low-cost carrier Wizz Air will maintain its no-frills offering even as it introduces longer flights, betting that passengers will "suffer the pain" for cheaper fares....

22. Second Quarter & First Half 2024 Financial Results

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. ...

23. Cyprus faces surge in online scams

https://knews.kathimerini.com.cy/en/news/cyprus-faces-surge-in-online-scams

Online scams are becoming a serious issue in Cyprus, with recent data revealing a sharp increase in fraudulent activities. In the past 25 days, authorities have reported eight significant fraud cases, totaling over half a million euros in losses....

24. AEGEAN announces a €25M Investment in Volotea

https://knews.kathimerini.com.cy/en/business/aegean-announces-a-€25m-investment-in-volotea

Aegean Airlines S.A. (''AEGEAN'') is pleased to announce an investment of €25M in Volotea S.L., one of Europe’s leading low-cost carriers based in Barcelona, Spain....

25. Hellenic Bank's profits surge amid higher lending rates

https://knews.kathimerini.com.cy/en/business/hellenic-bank-s-profits-surge-amid-higher-lending-rates

Hellenic Bank, Cyprus’ second-largest lender, has had a strong start to 2024, reporting a net profit of €189 million in the first half of the year—a solid 18% increase from last year. This boost in profit is mainly due to a 30% rise in interest income, driven by higher European Central Bank (ECB) interest rates....

26. Cyprus banks set for major changes in September

https://knews.kathimerini.com.cy/en/news/cyprus-banks-set-for-major-changes-in-september

September will bring significant shifts for Cyprus's two largest banks....

27. Why we failed as a country

https://knews.kathimerini.com.cy/en/comment/opinion/why-we-failed-as-a-country

In July, the resilience of Cypriot society was tested once again as it faced yet another challenge, underscoring its entrapment in heavy fuel oil. This entrapment translates into an annual fine of €200 million due to emissions. ...

28. Illegal tobacco smuggling from occupied territories hits new high in Cyprus

https://knews.kathimerini.com.cy/en/news/illegal-tobacco-smuggling-from-occupied-territories-hits-new-high-in-cyprus

Last Friday, two Cypriots and a British national were apprehended at Paphos Airport with illegal tobacco products valued over €30,000 while attempting to smuggle them into the UK....

29. Limassol resident loses €30,000 in cryptocurrency scam

https://knews.kathimerini.com.cy/en/news/limassol-resident-loses-€30-000-in-cryptocurrency-scam

A 54-year-old resident of Limassol reported to the police yesterday that he was scammed out of €30,000 by an online scammer posing as a cryptocurrency investment advisor....

30. Politico: Cypriot firm linked to Belarusian leader exploits sanctions loophole

https://knews.kathimerini.com.cy/en/business/politico-cypriot-firm-linked-to-belarusian-leader-exploits-sanctions-loophole

A recent investigation by Belarusian journalists has uncovered that a company based in Cyprus is profiting from inflated contracts related to the export of potash, a key ingredient in fertilizer, from Belarus....

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