https://knews.kathimerini.com.cy/en/news/president-christodoulides-engages-in-crucial-talks-with-german-chancellor
President of the Republic Nikos Christoulides will hold talks on Thursday with German Chancellor Olaf Scholz in Berlin, during which they will discuss the Cyprus problem, the President's proposal for more active EU involvement in the Cyprus efforts and bilateral and international affairs....
https://knews.kathimerini.com.cy/en/business/cbc-urges-banks-to-embrace-transformation-for-sustainablefuture
Constantinos Herodotou, Governor of the Central Bank of Cyprus, emphasized the need for Cypriot banks to seize the current favorable circumstances and address impending challenges during his speech at the 2023 ICPAC Mediterranean Finance Summit held in Limassol on Thursday....
https://knews.kathimerini.com.cy/en/news/deutsche-bank-agrees-to-$75m-settlement-in-epstein-abuse-lawsuit
Deutsche Bank AG has agreed to pay $75 million to settle a lawsuit by women who say they were abused by the late financier Jeffrey Epstein and accused the German bank of facilitating his sex trafficking....
https://knews.kathimerini.com.cy/en/business/cyprus-banks-strict-adherence-to-sanctions-worries-legitimate-entities
Banks have become cautious regarding sanctions imposed by the USA, EU, and UK, and they are not willing to take any risk in serving individuals or entities in Cyprus who are subject to sanctions....
https://knews.kathimerini.com.cy/en/business/houses-and-building-land-for-sale-by-astrobank
AstroBank is selling houses and building land in various areas of Cyprus such as Nicosia, Famagusta, Paphos, and Larnaca....
https://knews.kathimerini.com.cy/en/news/over-1-2-billion-in-russian-assets-frozen-in-cyprus
Some 1.2 billion euros ($1.3 billion) in Russian-owned assets managed by Cyprus-registered companies were frozen in compliance with sanctions imposed on Russia following its invasion of Ukraine, Cyprus’ Finance Ministry said Tuesday...
https://knews.kathimerini.com.cy/en/business/cypriot-economy-maintains-momentum-but-faces-uncertainties
The Cypriot economy maintained a strong momentum in the first quarter of 2023 with real GDP registering an annual growth rate of 3.4%, marking however signs of a slowdown on the backdrop of the uncertain external environment and the restrictive monetary policy by the European Central Bank in a bid to place inflation under control....
https://knews.kathimerini.com.cy/en/business/boc-chief-urges-sanctioned-entities-to-seek-exemptions-themselves
The CEO of the Bank of Cyprus, Panicos Nicolaou, expressed the view that individuals and entities subject to sanctions should seek exemption from international authorities in order for banks to allow payments from frozen accounts to business entities....
https://knews.kathimerini.com.cy/en/business/boc-first-quarter-of-2023-yields-€95-million-in-profit
Bank of Cyprus has released its financial report for Q1 2023, showcasing robust performance and positive indicators across various key metrics....
https://knews.kathimerini.com.cy/en/news/nicosia-scrambles-to-ease-burden-on-sanctions
The Registrar of Companies will accept requests from service providers to replace sanctioned persons with other persons, according to reliable sources...
https://knews.kathimerini.com.cy/en/business/rights-violations-raise-concerns-amid-sanctions
The Pancyprian Bar Association has expressed growing concerns over the violation of fundamental rights of both individuals and legal entities affected by the recent restrictive measures and sanctions imposed on April 12, 2023....
https://knews.kathimerini.com.cy/en/news/why-do-young-people-in-cyprus-struggle-to-secure-a-home-loan
Young people are facing difficulties in securing mortgage loans due to a number of factors, according to economist Tasos Yasemidis....
https://knews.kathimerini.com.cy/en/news/non-compliance-with-us-sanctions-bad-says-cbc-governor
No impact to financial stability has been recorded so far by the US and UK sanctions against Cypriot persons and entities for assisting Russian sanctioned nationals apart from Cyprus’ credibility, Governor of the Central Bank of Cyprus Constantinos Herodotou said on Wednesday, noting that non-compliance would pose 'very negative consequences to the economy'...
https://knews.kathimerini.com.cy/en/news/whistleblower-says-biden-got-burisma-money-through-cyprus
A former White House stenographer has doubled down on allegations against US President Joe Biden and a VP trip to Cyprus in May 2014, with the whistleblower blatantly speculating that a kickback payment from Burisma came out of the island...
https://knews.kathimerini.com.cy/en/business/boc-appoints-bank-of-america-as-joint-corporate-broker-resumes-dividend-payments
The Bank of Cyprus has announced the appointment of Bank of America Europe DAC (BofA Securities) as a joint Corporate Broker, along with NUMIS Securities Limited (NUMIS) and Keefe, Bruyette & Woods (KBW, acting through Stifel Nicolaus Europe Limited), with immediate effect....
https://knews.kathimerini.com.cy/en/business/new-sanctions-list-expected-by-the-end-of-may
The episode with the sanctions imposed by the United States and Britain on natural and legal persons that include Cypriot names is expected to continue....
https://knews.kathimerini.com.cy/en/business/1-building-land-and-offices-for-sale-by-astrobank
AstroBank is selling building land, houses, and office space in various areas of Cyprus such as Famagusta, Larnaca, Paphos, and Nicosia....
https://knews.kathimerini.com.cy/en/business/building-land-and-offices-for-sale-by-astrobank
AstroBank is selling building land, houses, and office space in various areas of Cyprus such as Famagusta, Larnaca, Paphos, and Nicosia....
https://knews.kathimerini.com.cy/en/business/may-newsletter-of-k-treppides-co-ltd-cysec
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/central-bank-governor-projects-higher-economic-growth-for-2023
On Tuesday, Constantinos Herodotou, the Governor of the Central Bank of Cyprus, announced that the Cypriot economy is projected to grow in 2023 at a higher rate than the Eurozone average. ...
https://knews.kathimerini.com.cy/en/business/interest-rates-rise-for-housing-and-corporate-loans
Interest rates for housing loans in March 2023 increased by 1.25% compared to February 2023, while interest rates for corporate loans also rose, according to statistics released Friday by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/news/loans-surge-in-march-2023-a-mix-of-new-and-renegotiated-contracts
Total new loans recorded an increase to €922.5 million in March 2023, compared with €527.5 million in the previous month, according to data released Friday by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/business/it-s-surprising-how-little-was-frozen
Upon his arrival at Larnaca airport last Wednesday, Justice Commissioner Didier Raeder brought with him two pressing questions. Firstly, how is it that a country like Cyprus, which has been heavily infiltrated by Russian capital for several years, has only managed to freeze a mere 104 million euros worth of assets belonging to oligarchs under EU sanctions?...
https://knews.kathimerini.com.cy/en/news/russia-s-lukoil-completes-sale-of-oil-refinery-in-italy
Russia's second-largest oil producer Lukoil said on Thursday its subsidiary LITASCO had completed the sale of the ISAB oil refinery in Sicily to Cypriot private equity firm G.O.I. Energy following approval by Italian authorities...
https://knews.kathimerini.com.cy/en/news/online-food-bank-exchange-wants-to-reduce-waste
An online platform aimed at boosting food donations and also cutting down on food waste is calling on businesses to register in hopes that a broad network can be established to help the environment and those in need...
https://knews.kathimerini.com.cy/en/news/cyprus-behind-on-freezing-russian-assets-eu-official-says
The European Union’s executive arm wants to delve deeper into why Cyprus has only frozen 100 million euros ($110 million) worth of assets belonging to Russians facing sanctions amid the war in Ukraine, the bloc’s justice commissioner said Thursday...
https://knews.kathimerini.com.cy/en/news/cypriot-firms-struggle-to-detach-from-sanctioned-providers
The business registrar in the Republic of Cyprus has been flooded with requests from companies scrambling to make changes to their structures, after hundreds of firms on the island saw their assets frozen due to new sanctions targeting agencies viewed by Washington and London as 'Russian enablers'...
https://knews.kathimerini.com.cy/en/news/commissioner-in-cyprus-to-probe-russian-asset-freeze
Commissioner Reynders will request information on the total value of the assets of 'Russian oligarchs' in Cyprus that have been frozen by the authorities he told Cyprus News Agency in an interview, noting that so far, according to official figures 104 million euros in assets have been frozen, which is considered a low amount...
https://knews.kathimerini.com.cy/en/business/dr-charis-savvides-joins-grant-thornton-cyprus
Grant Thornton Cyprus is pleased to announce that Dr Charis Savvides joined the Firm as the Funds and Regulatory Compliance Services Leader. This appointment is part of the Firm’s strategic plans to enhance its advisory offering and at the same time, to meet growing client demands....
https://knews.kathimerini.com.cy/en/business/expanding-profitability-and-strengthening-capital-position
Group Financial Results for the year ended December 31, 2022...
