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12° Nicosia,
01 November, 2024
 

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Displaying results 1-30 of 787 matches for query rates.

1. Banks see boost from ECB rate cuts

https://knews.kathimerini.com.cy/en/news/banks-see-boost-from-ecb-rate-cuts

The Association of the Cyprus Banks (ACB) said on Thursday that it sees further progress in the economy, driven by the reduction of interest rates......

2. Cyprus faces financial imbalance as assets fall short of liabilities

https://knews.kathimerini.com.cy/en/business/cyprus-faces-financial-imbalance-as-assets-fall-short-of-liabilities

As of December 2023, Cyprus' economy is navigating a complex financial landscape, with total assets in financial instruments reaching €869 billion. However, the country also faces a notable financial shortfall, with liabilities exceeding assets by about €29 billion....

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. Cypriot banks sending loans abroad: A growing risk?

https://knews.kathimerini.com.cy/en/comment/opinion/cypriot-banks-sending-loans-abroad-a-growing-risk

Yesterday, I had a conversation with someone who truly understands banking—probably more knowledgeable than many who think they do....

6. IMF raises Cyprus' growth forecast for 2024

https://knews.kathimerini.com.cy/en/news/1-imf-raises-cyprus-growth-forecast-for-2024

The International Monetary Fund (IMF) has raised its forecast for Cyprus's economic growth in 2024 from 2.7% to 3.3%. This updated prediction comes from the IMF's October World Economic Outlook report released on Tuesday....

7. ECB cuts rates again as Eurozone inflation and economy struggle

https://knews.kathimerini.com.cy/en/news/ecb-cuts-rates-again-as-eurozone-inflation-and-economy-struggle

The European Central Bank (ECB) has cut interest rates for the third time, marking the first consecutive reduction in 13 years....

8. Global debt to exceed $100 trillion this year

https://knews.kathimerini.com.cy/en/news/global-debt-to-exceed-$100-trillion-this-year

Global public debt is nearing the size of the world economy, posing risks to living standards in developed nations, the International Monetary Fund (IMF) warned....

9. 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. ...

10. UK youth joblessness jumps 25% since 2022

https://knews.kathimerini.com.cy/en/news/uk-youth-joblessness-jumps-25-since-2022

A growing number of young people in the United Kingdom......

11. 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. ...

12. Cypriot economy shows resilience, growth outpaces EU average

https://knews.kathimerini.com.cy/en/news/cypriot-economy-shows-resilience-growth-outpaces-eu-average

The Governor of the Central Bank of Cyprus, Christodoulos Patsalides, has called on banks to consider the social dimension of their pricing policies......

13. Health Minister highlights breast cancer screening upgrades

https://knews.kathimerini.com.cy/en/news/health-minister-highlights-breast-cancer-screening-upgrades

President Nikos Christodoulides announced the addition of three new cancer screening programs for both men and women during his address at the 20th annual "Pink Silhouette Walk" organized by Europa Donna Cyprus, in Nicosia, on Saturday, in a bid to raise awareness on breast cancer. ...

14. New subsidy scheme aims to lighten home loan interest rates

https://knews.kathimerini.com.cy/en/news/new-subsidy-scheme-aims-to-lighten-home-loan-interest-rates

A new Interest Rate Subsidy Scheme for home loans is on the horizon, promising to ease the financial burden for many homebuyers....

15. 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)....

16. KEDIPES extends business plan to 2030 for full repayment of state aid

https://knews.kathimerini.com.cy/en/news/kedipes-extends-business-plan-to-2030-for-full-repayment-of-state-aid

The Cyprus Asset Management Company (KEDIPES) has extended its business plan by three years, pushing its timeline to 2030, with the goal of fully repaying the €3.54 billion in state aid received in 2018....

17. Cyprus banks hike mortgage rates as new loans drop by a third in August

https://knews.kathimerini.com.cy/en/news/cyprus-banks-hike-mortgage-rates-as-new-loans-drop-by-a-third-in-august

Banks in Cyprus raised the interest rates on home loans in August, while reducing the interest rates offered on household deposits, according to data released by the Central Bank of Cyprus on Wednesday....

18. Freedom24 Reaches 300,000 Customers Milestone

https://knews.kathimerini.com.cy/en/news/freedom24-reaches-300-000-customers-milestone

We are thrilled to announce that the number of users on the innovative Freedom24 trading platform has surpassed 300,000. This significant achievement underscores our platform's technological superiority and the growing trust and confidence of our customers....

19. Electricity subsidies and zero vat on essentials to end on October 1st

https://knews.kathimerini.com.cy/en/news/electricity-subsidies-and-zero-vat-on-essentials-to-end-on-october-1st

The Ministry of Finance announced today that starting October 1, 2024, it will stop the staggered electricity subsidy and the zero VAT rate on basic goods. These measures were designed to help households deal with rising costs of living....

20. Tighter lending rules for businesses while household loans remain steady

https://knews.kathimerini.com.cy/en/business/tighter-lending-rules-for-businesses-while-household-loans-remain-steady

Cypriot banks made it harder for businesses to get loans in the second quarter of 2024, while lending rules for households stayed the same, according to a new survey by the Central Bank of Cyprus (CBC)....

21. Kremlin pushes procreation amid declining birthrate, encourages 'sex at work'

https://knews.kathimerini.com.cy/en/news/kremlin-pushes-procreation-amid-declining-birthrate-encourages-sex-at-work

Russia’s top health official has urged workers to consider procreation during breaks, as part of an effort to counter the country’s population decline, a move supported by President Vladimir Putin’s long-standing push for higher birth rates....

22. Oxford and Cambridge slip from top university rankings

https://knews.kathimerini.com.cy/en/news/oxford-and-cambridge-slip-from-top-university-rankings

In a surprising turn of events, the University of Oxford and the University of Cambridge have fallen to their lowest rankings ever in the UK’s prestigious university list....

23. Cyprus inflation falls to 2.2% in August

https://knews.kathimerini.com.cy/en/news/cyprus-inflation-falls-to-2-2-in-august

Inflation in Cyprus dropped to 2.2% in August, down from 2.4% in July, matching the overall trend in the eurozone. Across the EU, inflation also fell to 2.4%, compared to 2.8% the previous month, according to Eurostat. A year ago, inflation rates were higher, with Cyprus at 3.1% and the eurozone at 5.2%....

24. 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. ...

25. 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......

26. Hellenic Bank boosts first-time buyers with reduced rates

https://knews.kathimerini.com.cy/en/news/hellenic-bank-boosts-first-time-buyers-with-reduced-rates

Hellenic Bank has introduced a new scheme offering reduced interest rates for first-time homebuyers....

27. Over 50% of advanced melanoma patients survive 10 years

https://knews.kathimerini.com.cy/en/news/over-50-of-advanced-melanoma-patients-survive-10-years

A groundbreaking trial has shown that more than half of patients diagnosed with advanced melanoma now survive at least 10 years when treated with a combination of two immunotherapy drugs....

28. 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. ...

29. Bank of Cyprus reduces loan rates to 3.65% amid ECB policy shift

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....

30. Colon cancer is rising in Cyprus

https://knews.kathimerini.com.cy/en/news/colon-cancer-is-rising-in-cyprus

Colorectal cancer is the third most common cancer in both men and women in Cyprus, according to data from the Cyprus Association of Cancer Patients and Friends (PASYKAF)....

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