https://knews.kathimerini.com.cy/en/business/consulco-s-london-credit-fund-shines-in-q1-2024
Exciting opportunities are unfolding for the Cyprus-led humanitarian initiative "Amalthea," aimed at delivering vital aid to the Gaza Strip by sea....
https://knews.kathimerini.com.cy/en/comment/opinion/our-neighborhood-just-got-unpredictable-again
This part of the world has always been full of surprises. The most recent came on Friday afternoon when Turkish President Recep Tayyip Erdogan lashed out at the United States and Israel and said he was calling off a planned visit to Washington. ...
https://knews.kathimerini.com.cy/en/news/icc-eyes-netanyahu-for-potential-arrest
The International Criminal Court is probing Israel's actions in the West Bank and Gaza, independent of other cases at the International Court of Justice, such as South Africa's genocide claims against Israel in Gaza....
https://knews.kathimerini.com.cy/en/news/former-central-bank-governor-reflects-on-achievements-and-future-plans
In an exclusive interview with Andreas Kimitris of Kathimerini, former Cyprus Central Bank Governor Constantinos Herodotou delved into various aspects of his tenure and the hurdles encountered during his term. ...
https://knews.kathimerini.com.cy/en/news/macron-declares-europe-is-mortal-calls-for-unity
The 27-country bloc needs to urgently rethink its defence and economic models to not fall behind its rivals, the French leader said.
...
https://knews.kathimerini.com.cy/en/news/cyprus-reports-€133-1-million-increase-in-march-loans
In March, both total deposits and loans saw an upward trend, with liquidity (the difference between loans and deposits) exceeding €27 billion, according to statistics on deposits and loans from Monetary Financial Institutions published today by the Central Bank of Cyprus.
...
https://knews.kathimerini.com.cy/en/news/court-postpones-hearing-on-disputed-monastic-funds
The Nicosia Provincial Court on Friday postponed the examination process of the application to cancel the warrants of confiscation of the property of the monks of the Holy Monastery of St. Avvakoum, including the sum of 807,000 euros....
https://knews.kathimerini.com.cy/en/news/eurobank-set-to-dominate-cyprus-insurance-scene-with-hellenic-stake
As Eurobank eagerly anticipates the green light from regulatory bodies such as the European Central Bank, the Central Bank of Cyprus, and the Companies Registrar for its acquisition of 55% ownership......
https://knews.kathimerini.com.cy/en/news/cyprus-central-bank-sets-interest-rate-limit-at-11-42
The Central Bank of Cyprus determined the reference interest rate to be 11.42%, exercising its powers under article 314A of the Cyprus Penal Code, Cap.154, and in accordance with the provisions of the said article....
https://knews.kathimerini.com.cy/en/news/mckinsey-leaders-convene-at-green-agenda-cyprus-summit
Georgios D. Tsopelas embarked on his McKinsey journey in London back in 1994, blazing a trail that led to the establishment of the Athens office in 2000. ...
https://knews.kathimerini.com.cy/en/news/the-birth-of-bank-of-cyprus-in-1899
The narrative of the Bank of Cyprus, the venerable cornerstone of the island's financial landscape, traces its origins back to January 1, 1899. This pivotal moment heralded a new era not only for Cyprus's economy but also for its societal fabric....
https://knews.kathimerini.com.cy/en/business/€182m-deal-marks-hellenic-s-strategic-move-into-insurance-sector
CNP Cyprus, the subsidiary of the French insurance giant CNP Assurances, is finally being transferred to Hellenic Bank for €182 million....
https://knews.kathimerini.com.cy/en/business/hellenic-set-to-acquire-cnp-in-multimillion-euro-deal
Everything appears to be proceeding smoothly, and it seems that CNP Cyprus will soon be under the ownership of Hellenic Bank....
https://knews.kathimerini.com.cy/en/business/3-houses-for-sale-by-astrobank
AstroBank has listed for sale houses in Larnaca, Nicosia, and Paphos that are ideal for own-occupancy. ...
https://knews.kathimerini.com.cy/en/news/cypriot-banks-predicted-to-surpass-€1-2-billion-profits-in-2024
In a landmark year, Cypriot banks soared to unprecedented heights, boasting profits exceeding €1.1 billion in 2023....
https://knews.kathimerini.com.cy/en/news/lawyers-reveal-source-of-€807-000-found-in-safe
Lawyers representing two monks at the center of the scandal at the Monastery of Saint Avvakum have returned with a new letter, shedding light on the origin of the €807,000 found in a safe. ...
https://knews.kathimerini.com.cy/en/business/alternative-investments-and-portfolio-diversification
In contrast to traditional investments in stocks and bonds, portfolios incorporating alternative investments have historically offered higher returns, a trend that has become more prevalent in recent years. ...
https://knews.kathimerini.com.cy/en/news/iran-israel-tensions-economists-warn-of-global-market-turbulence
As tensions simmer between Israel and Iran following recent Iranian attacks, economists are closely monitoring the potential implications for global markets....
https://knews.kathimerini.com.cy/en/business/2-agricultural-land-for-sale-by-astrobank
AstroBank has listed for sale large parcels of agriculture land in various parts of Cyprus....
https://knews.kathimerini.com.cy/en/business/alpha-bank-ceo-eyes-expansion-in-romania
Alpha Bank chief executive officer Vassilis Psaltis pointed to further expansion and acquisitions in Romania in a joint interview with the CEO of Italian bank UniCredit, Andrea Orcel for Bloomberg....
https://knews.kathimerini.com.cy/en/news/astrobank-s-record-breaking-year-€30-4m-in-profits-for-2023
AstroBank reported Profit After Tax of €30.4 million for 2023, representing a return on equity (RoE) of 13.9%, compared with €12.2 million and RoE of 6.2% for 2022, achieving an increase on profit of 150%, mainly due to increased interest income....
https://knews.kathimerini.com.cy/en/news/massive-international-fraud-ring-busted-cyprus-plays-crucial-role
Cyprus, along with international law enforcement agencies, cracked down on a massive fraud ring with a staggering €645 million turnover....
https://knews.kathimerini.com.cy/en/news/cyprus-braces-for-rising-israel-iran-tensions
When Saddam Hussein attacked the center of Tel Aviv with scud missiles in January 1991, Israeli citizens wore gas masks due to the risk of chemical attacks. It took 33 years for Israel to face another missile attack from a sovereign state....
https://knews.kathimerini.com.cy/en/business/1-april-newsletter-of-k-treppides-co-ltd-cyprus-securities-and-exchange-commission
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/turkey-s-central-bank-reports-2023-loss-of-818-2b-lira
Turkey’s central bank posted a 2023 loss of 818.2 billion lira ($25.25 billion), showed its balance sheet published in the Official Gazette on Sunday, on the back of steep loss stemming from the “KKM” foreign exchange-protected deposit scheme....
https://knews.kathimerini.com.cy/en/comment/opinion/we-are-all-responsible
Eleven people crammed into one apartment, each paying between 150 to 200 euros in rent, all to live stacked together in appalling conditions. ...
https://knews.kathimerini.com.cy/en/news/cyprus-revokes-asylum-apps-of-syrians-travelling-via-occupied-areas
Following a meeting of the National Security Council at the Presidential Palace, Interior Minister Konstantinos Ioannou announced the immediate revocation...
https://knews.kathimerini.com.cy/en/business/what-economic-headlines-are-making-waves-this-week
Amidst a backdrop of economic shifts and global challenges, a series of key developments are shaping the financial landscape. ...
https://knews.kathimerini.com.cy/en/news/lagarde-signals-eurozone-interest-rate-drop-in-june
The President of the European Central Bank, Christine Lagarde, has hinted at the possibility of a rate cut in June, citing the need for more data......
https://knews.kathimerini.com.cy/en/news/spp-media-group-building-lit-up-in-support-of-christodoula-march
For the 49th consecutive year, the Cyprus Cancer Society is organizing the Christodoula March, the largest campaign aimed at raising awareness among Cypriot society about cancer-related issues....
