https://knews.kathimerini.com.cy/en/business/march-newsletter-of-k-treppides-co-ltd-–-19-03-2025
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...
https://knews.kathimerini.com.cy/en/news/nicosia-mayor-sounds-alarm-over-city-s-financial-crisis
Nicosia’s mayor, Charalambos Prountzos, has raised the alarm over the capital’s financial situation, warning that without immediate state support, the municipality will struggle to meet its obligations. ...
https://knews.kathimerini.com.cy/en/business/boc-seeks-to-acquire-ethniki-insurance-s-cyprus-subsidiary
Bank of Cyprus is moving forward with the acquisition of Ethniki Insurance’s Cyprus subsidiary, having entered exclusive negotiations for its purchase....
https://knews.kathimerini.com.cy/en/news/checkmate-in-cyprus-freedom24-brings-world-class-women-s-chess-to-nicosia
There’s something special happening in Nicosia right now, and no, it’s not just the start of spring. ...
https://knews.kathimerini.com.cy/en/business/aegean-reports-strong-2024-results-with-record-revenue-and-passenger-growth
AEGEAN announces its operating and financial results for fiscal year 2024....
https://knews.kathimerini.com.cy/en/news/appointment-of-natasa-pilides-as-chief-executive-officer-of-med-enegrywise-ltd
Med Energywise Ltd, a wholly owned subsidiary of Petrolina (Holdings) Public Limited, is pleased to announce the appointment of Natasa Pilides as its Chief Executive Officer....
https://knews.kathimerini.com.cy/en/news/eu-pushes-for-tougher-deportation-rules-for-rejected-asylum-seekers
The European Commission has rolled out a new plan to make it easier to send back asylum seekers who don’t qualify to stay in the EU....
https://knews.kathimerini.com.cy/en/business/cyprus-sees-investment-boom-as-foreign-companies-flock-to-the-island
The investment scene in Cyprus is off to a strong start in 2025, with foreign investors showing increased enthusiasm for setting up businesses on the island....
https://knews.kathimerini.com.cy/en/news/new-driving-license-law-to-impact-learner-drivers-in-cyprus
Starting in 2026, a new law will change how learner drivers in Cyprus are allowed to practice on the roads....
https://knews.kathimerini.com.cy/en/news/deadly-airbags-six-years-of-silence-now-the-eu-is-investigating-cyprus
The European Commission has launched an inquiry into Cyprus’ handling of the Takata airbag crisis after years of government inaction despite repeated EU safety alerts. ...
https://knews.kathimerini.com.cy/en/news/freedom24-chess-academy-has-opened-in-limassol
Freedom24 Chess Academy was officially inaugurated in Limassol on March 1. Timur Turlov, CEO of Freedom Holding Corp., encouraged the young participants to strive for new heights in chess. ...
https://knews.kathimerini.com.cy/en/news/eurobank-cyprus-stronger-in-2024-with-a-net-profit-of-€214mn
Eurobank Cyprus ended 2024 with increased profitability strong capital adequacy and maintained its good loan portfolio quality. The results reaffirm the Bank’s sound performance and resilience, the effective management of challenges in 2024,...
https://knews.kathimerini.com.cy/en/business/paphos-local-planning-authority-set-to-greenlight-controversial-tourist-development
The Paphos Local Plan Authority (EOA) is on the verge of approving a contentious tourist development in Latchi, despite confirmed planning violations by the project's Israeli owners — sparking serious questions about the conduct of local authorities....
https://knews.kathimerini.com.cy/en/business/cyprus-banks-hit-record-high-profits-despite-ecb-rate-cuts
Despite the European Central Bank (ECB) preparing for its sixth interest rate cut since June 2023, bank profits in Cyprus have soared, marking two consecutive years of record earnings. ...
https://knews.kathimerini.com.cy/en/news/solar-panels-installed-in-405-schools
A total of 405 schools have had solar panel systems installed by the Technical Services of the Ministry of Education, Sports, and Youth, alongside thermal insulation and waterproofing works....
https://knews.kathimerini.com.cy/en/business/global-fintech-investment-falls-to-seven-year-low-of-$95-6-billion-in-2024-but-uptick-in-q4-24-is-a-sign-of-cautious-optimism-says-kpmg-s-pulse-of-fintech-h2-24
2024 was another difficult year for fintech, with just $95.6 billion of investment globally across 4,639 deals....
https://knews.kathimerini.com.cy/en/news/cyprus-tax-reform-bold-overhaul-aims-to-boost-economy-but-sparks-debate
Cyprus is preparing to implement its first major tax reform in over two decades, aiming to modernize the tax system, boost competitiveness, and align with international standards....
https://knews.kathimerini.com.cy/en/news/greeks-calling-for-accountability-2-years-after-tempe-train-tragedy
Two years after one of Greece’s worst railway disasters, the country is still reeling from the February 28, 2023, crash in Tempe, where 57 lives were tragically lost....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-rolls-out-the-red-carpet-for-civil-servants
A decade after the financial crisis that forced Cyprus to slash public sector benefits under the terms of its bailout agreement, the government is now gradually rolling back austerity measures — handing back perks to civil servants in a move seen as both politically strategic and potentially risky....
https://knews.kathimerini.com.cy/en/business/fintech-giants-eye-cyprus-small-banks-in-race-for-european-banking-licenses
Cyprus’ small banks have become prime targets for global fintech companies and financial institutions, with potential acquisitions aimed at securing a European banking license. ...
https://knews.kathimerini.com.cy/en/news/cyprus-government-unveils-€60m-investment-plan-to-boost-agriculture
The Cypriot government has rolled out a €60 million investment plan designed to boost the competitiveness and sustainability of the country’s agricultural sector. ...
https://knews.kathimerini.com.cy/en/news/2024-global-vc-investment-rises-to-$368b-as-investor-interest-in-ai-soars
Global VC investment rose from $349.4 billion across 43,320 deals in 2023 to $368.3 billion across 35,684 deals in 2024 despite a multitude of challenges, including global conflicts and geopolitical tensions, uncertainties associated with a significant number of major elections—...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-cancels-plan-to-sell-jcc-payment-systems
The process for the sale of JCC Payment Systems has been halted, bringing an end to the deal between JCC and Euronet that had been under consideration since the summer of 2024....
https://knews.kathimerini.com.cy/en/news/cyprus-government-gives-hotels-deadline-to-get-licensed-or-face-closure
The government is giving unlicensed hotels and tourist accommodations a two-year window to secure their operating licenses, with specific milestones and actions outlined along the way. ...
https://knews.kathimerini.com.cy/en/business/sklavenitis-reopens-first-renovated-papantoniou-hypermarket-in-engomi
The Pappantoniou supermarket in Engomi has undergone a complete renovation and will reopen its doors in early March under the new name Sklavenitis....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-posts-€508m-profit-for-2024
Bank of Cyprus has posted impressive results for 2024, reporting net profits of €508 million, marking a 4% increase from the previous year’s €487 million. The results reflect the bank's strong performance and growth, despite slight fluctuations in some areas....
https://knews.kathimerini.com.cy/en/news/cyprus-scores-above-eu-average-in-life-satisfaction-survey
A recent Eurostat survey has revealed that life satisfaction in the European Union (EU) averaged 7.3 out of 10 in 2023....
https://knews.kathimerini.com.cy/en/news/are-rules-only-for-some-illegal-latchi-hotel-expansion-set-to-be-approved
A controversial tourist development in Latchi has raised serious concerns over government transparency and adherence to the rule of law, as the construction of a four-star resort faces allegations of long-standing illegalities. ...
https://knews.kathimerini.com.cy/en/news/uk-tightens-noose-on-putin-s-inner-circle-with-new-sanctions
Nearly a year after the death of Russian opposition leader Alexei Navalny, the UK has announced a fresh wave of sanctions aimed at individuals with close ties to Vladimir Putin....
https://knews.kathimerini.com.cy/en/news/parallel-projects-on-tseriou-ave-cause-confusion-amid-€33m-overhaul
The redevelopment of Tseriou Avenue consists of two parallel projects, creating confusion in the area and significant inconvenience for shopkeepers and residents....
