https://knews.kathimerini.com.cy/en/news/russian-oil-payments-delayed-amid-sanctions-scrutiny
Russian oil companies are facing significant delays in receiving payments for crude and fuel as banks in China, Turkey, and the United Arab Emirates (UAE) exercise increased caution over potential U.S. secondary sanctions, according to eight sources familiar with the matter....
https://knews.kathimerini.com.cy/en/business/business-loans-drop-home-loans-steady
The Central Bank of Cyprus reported on Wednesday that the net demand for corporate loans continued to decrease in the last quarter of 2023, marking a consistent downward trend since the first quarter of 2022, although at a slower pace than anticipated earlier in the year....
https://knews.kathimerini.com.cy/en/news/cyprus-economy-holds-steady-amid-challenges
Canadian credit rating agency DBRS Ratings GmbH (Morningstar DBRS) has affirmed the Republic of Cyprus's long-term ratings, maintaining it at BBB (high) with a stable economic outlook. ...
https://knews.kathimerini.com.cy/en/business/1-ideal-real-estate-investment-opportunities-for-sale-by-astrobank
AstroBank is selling a commercial plot in the centre of Nicosia and other properties that are ideal investment opportunities in Nicosia, Larnaca, Famagusta and Paphos....
https://knews.kathimerini.com.cy/en/news/europe-s-ambitious-plan-to-reignite-economic-engines
As Europe endeavours to uphold its competitiveness amidst economic rivals, its politicians believe they hold a concealed asset: the savings of its citizens, which remain unused and dormant....
https://knews.kathimerini.com.cy/en/news/occupied-territories-are-a-black-hole-for-illicit-funds
The recent update to the US-UK sanctions list, active since last April and aimed at Russia, continues to scrutinize Cypriot-based entities suspected of violating the Russian embargo. ...
https://knews.kathimerini.com.cy/en/news/cyprus-economic-resilience-earns-high-credit-rating-confirmation
International rating agency Morningstar DBRS has confirmed Cyprus’ BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks.
...
https://knews.kathimerini.com.cy/en/business/1-march-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/business/quickpay-ask-for-the-bill-and-share-it-with-your-friends
QuickPay is constantly evolving and becoming even easier to use as it adapts to the daily needs and wants of existing and new Bank of Cyprus customers....
https://knews.kathimerini.com.cy/en/news/who-will-lead-cyprus-central-bank
An intense behind-the-scenes battle is unfolding regarding the future of Cyprus' central banker as the term of the current governor, Constantinos Herodotos, draws to a close in less than 20 days....
https://knews.kathimerini.com.cy/en/news/ny-attorney-general-moves-to-seize-trump-s-assets
In a significant legal maneuver, the office of New York Attorney General Letitia James has taken steps to file judgments against former President Donald Trump in Westchester County, N.Y....
https://knews.kathimerini.com.cy/en/news/february-s-financial-flaws-expose-16-bad-checks-€19-388-lost
In February 2024, a total of 16 bad cheques, amounting to €19,388, were issued, with 9 individuals (7 legal entities and 2 individuals) being listed in the preliminary registry of the Central Information Register (CIR) for dishonoured cheques....
https://knews.kathimerini.com.cy/en/news/man-held-for-alleged-dining-and-dashing
Police in Paphos have apprehended a 27-year-old man as part of an ongoing investigation into allegations of securing credit by false representations. The arrest stems from an incident where the suspect purportedly failed to settle a bill at a local restaurant....
https://knews.kathimerini.com.cy/en/comment/opinion/lather-rinse-repeat
Everywhere we turn in Cyprus, the specter of money laundering looms large. It was an open secret for years that our banking system was complicit, resulting in repercussions from foreign authorities....
https://knews.kathimerini.com.cy/en/business/cyprus-embraces-global-investment-with-its-bond-market-debut
In April 2024, the Republic of Cyprus is gearing up to enter the international bond markets, intending to issue a Euro Medium Term Note (EMTN) bond worth 1 billion euros....
https://knews.kathimerini.com.cy/en/comment/opinion/what-are-they-afraid-of
Transparency is not merely a good thing; it is essential. However, with the exception of one, credit buyout companies seem unwilling to disclose their financial results, keeping them shrouded in secrecy....
https://knews.kathimerini.com.cy/en/business/2-residential-and-agricultural-land-for-sale-by-astrobank
AstroBank has listed for sale large plots of residential and agricultural land in Larnaca, Limassol, and Paphos....
https://knews.kathimerini.com.cy/en/business/greek-and-cypriot-banks-forge-partnerships-for-regional-infrastructure-projects
The Cypriot banking sector is poised to support significant projects with regional geopolitical implications....
https://knews.kathimerini.com.cy/en/business/kedipes-successfully-sells-€58-4m-portfolio-to-reduce-debt
The Cyprus Asset Management Company (KEDIPES) announced Thursday the successful completion of a sale of performing and restructured loan portfolios to Bank of Cyprus Public Company Limited, with a combined gross book value of €58.4 million as of December 31, 2022....
https://knews.kathimerini.com.cy/en/news/limassol-bust-unveils-alleged-money-laundering-operation
In a targeted operation, Limassol's Organized Crime Unit (OPE) swooped in on a suspected money laundering operation, resulting in multiple arrests and the seizure of significant sums of cash....
https://knews.kathimerini.com.cy/en/news/eurobank-expands-to-india-via-cyprus
Eurobank, a leading Greek financial institution, is poised to establish a representative office in Mumbai, India's bustling financial hub, signaling its strategic foray into the Indian market. ...
https://knews.kathimerini.com.cy/en/news/the-green-agenda-cyprus-summit-on-may-20th
Digital Agenda Cyprus Summit and the KATHIMERINI newspaper are proud to present the organization of the "Green Agenda Cyprus Summit" on May 20....
https://knews.kathimerini.com.cy/en/business/house-commercial-and-residential-land-for-sale-by-astrobank
AstroBank has listed for sale a house in Strovolos, and commercial and residential land in Nicosia, Famagusta, and Paphos....
https://knews.kathimerini.com.cy/en/business/iconic-cosmetics-brand-shuts-down-us-operations
The Body Shop, a UK-based cosmetics company known for its natural, sustainable, and cruelty-free products, has officially ceased all operations in the United States and is set to close numerous Canadian stores as part of a bankruptcy filing....
https://knews.kathimerini.com.cy/en/news/cyprus-praises-eu-financial-plan-for-2025
The joint statement on the orientation of the eurozone’s fiscal policy for 2025 satisfies Cyprus as it validates the cautious and conservative fiscal policy that Cyprus has followed so far, Minister for Finance Makis Keravnos said in Brussels, where he was attending the meeting of the Eurogroup on Monday....
https://knews.kathimerini.com.cy/en/business/eurobank-eyes-support-for-internet-cable-connecting-europe-and-asia
Eurobank, initially hesitant about financing the East to Med Data Corridor (EMC) cable system, is now contemplating entering the second round of funding for the mega project....
https://knews.kathimerini.com.cy/en/news/cyprus-a-familiar-economic-space-for-greece
In an interview conducted by Kathimerini reporter Panayiotis Rougalas, Greece's Central Bank Governor, Mr. Yiannis Stournaras, sheds light on various aspects of the country's monetary policy and economic landscape....
https://knews.kathimerini.com.cy/en/news/eurobank-cyprus-reports-€199-4m-profits-in-2023
Eurobank Cyprus unveiled its financial results for 2023, boasting a profit of €199.4 million, marking a significant increase of €105.1 million or 111% compared to 2022.
...
https://knews.kathimerini.com.cy/en/news/unemployment-rate-drops-while-inflation-inches-up
The latest data from the Cyprus Statistical Service reveals a positive shift in the country's economic landscape, with the unemployment rate falling to 5.9% in the fourth quarter of 2023, compared to 6.9% in the same period the previous year....
https://knews.kathimerini.com.cy/en/comment/opinion/women-siding-with-rapists-and-murderers
Today is International Women's Day. Yesterday marked five months since the October 7 massacres in Israel....
