https://knews.kathimerini.com.cy/en/business/ecommbx-celebrates-its-5th-birthday-with-its-new-partner-citi
On 22 September, ECOMMBX, a progressive Electronic Money Institution in Cyprus, celebrated its 5th year in business. ...
https://knews.kathimerini.com.cy/en/business/ecommbx-opens-new-horizons-enabled-by-its-new-banking-agreement-with-citi
ECOMMBX, a progressive Electronic Money Institution based in Nicosia, proudly announces that it has concluded a correspondent banking agreement with Citi, the world’s most global bank. This new collaboration delivers a range of benefits for both ECOMMBX as well as Cyprus, as a jurisdiction....
https://knews.kathimerini.com.cy/en/news/israel-puts-two-states-back-on-the-table
Israeli Prime Minister Yair Lapid called on Thursday for a two-state solution to decades of Israeli-Palestinian conflict and reasserted that Israel would do 'whatever it takes' to stop Iran from developing a nuclear bomb...
https://knews.kathimerini.com.cy/en/news/ask-wire-index-apartments-lead-the-way-in-sale-and-rent-price-hikes-in-q2
Ask WiRE, a company combining real estate know-how with technology has published its Q2 2022 edition of the Ask WiRE Index for property sale and rental values. The Ask WiRE Index covers all districts and main property types, with values from Q4 2009....
https://knews.kathimerini.com.cy/en/news/spain-gave-golden-visa-to-former-mexican-president-being-investigated-for-corruption
The Spanish authorities have finally confirmed that the former Mexican President Enrique Peña Nieto, who is being investigated by Mexico’s attorney general’s office for alleged money laundering, illicit enrichment, and illegal international transfers, is a legal resident of the country....
https://knews.kathimerini.com.cy/en/news/erdogan-convenes-meeting-to-discuss-sanctions-on-russia-in-possible-turnaround
Turkish President Tayyip Erdogan will convene a top-tier economy-focused meeting on Friday at which Russian payment system Mir and possible Western sanctions will be discussed, two sources with information on the matter told Reuters....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-a-cat-has-nine-lives-so-does-the-cyprus-property-market
Where is the Cyprus property market heading? I have been asked this question countless times over the past three months, primarily from foreign investors who are trying to appreciate how the rise in inflation, increase in interest rates, and war in Ukraine is affecting local market dynamics....
https://knews.kathimerini.com.cy/en/news/two-turkish-banks-suspend-russian-mir-payments-after-u-s-sanctions
Turkish lenders Isbank and Denizbank have suspended the use of the Russian payment system Mir, the banks said on Monday, following a U.S. crackdown on those accused of helping Moscow skirt sanctions over the war in Ukraine....
https://knews.kathimerini.com.cy/en/business/profits-of-€55-4-million-in-first-half-of-2022-for-hellenic-bank
Hellenic Bank reported a profit of EUR 55.4 million for the first half of 2022, compared to a profit of EUR 21 million in the corresponding half of 2021....
https://knews.kathimerini.com.cy/en/news/ft-the-bank-of-cyprus-lone-star-deal-is-not-just-about-price
Cyprus has attracted a different sort of visitor recently. US buyout group Lone Star has taken an interest in Bank of Cyprus, the island nation’s largest lender....
https://knews.kathimerini.com.cy/en/news/western-retaliation-against-ankara
Western governments are expressing concern about the tightening of relations between Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin, a development that makes the prospect of retaliation more likely if the NATO member state helps Moscow avoid sanctions....
https://knews.kathimerini.com.cy/en/news/thousands-queue-for-one-last-goodbye
Thousands of people from all walks of life filed past Queen Elizabeth II's coffin overnight as the body of Britain's longest-reigning monarch lay on display in Westminster....
https://knews.kathimerini.com.cy/en/news/marjan-van-aubel-at-the-digital-agenda-cyprus-summit
The steering committee of the Digital Agenda Cyprus Summit announces the participation of internationally renowned solar innovation and designer Marjan Van Aubel as a speaker at the conference to be held on 17 October 2022 at the Nicosia Municipal Theatre....
https://knews.kathimerini.com.cy/en/news/woman-forcibly-takes-savings-from-beirut-bank-using-toy-gun
A woman accompanied by activists and brandishing what she said was a toy pistol broke into a Beirut bank branch on Wednesday, taking $13,000 from her trapped savings....
https://knews.kathimerini.com.cy/en/news/rejected-estia-applications-to-be-re-examined-upon-appeal
The number of applications approved for participation in the Restructuring Scheme “Estia” has increased, reaching 1,049. At the same time, appeals for 881 applications that were denied will be re-examined compared to only 543 last March....
https://knews.kathimerini.com.cy/en/business/ecb-hikes-up-interest-rates-75-basis-points-to-1-25
The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday and signalled further hikes, prioritising the fight against inflation even as the bloc's economy is heading for a likely winter recession....
https://knews.kathimerini.com.cy/en/business/september-newsletter-of-k-treppides-co-ltd-european-banking-authority
A new issue is out from the newsletter by Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....
https://knews.kathimerini.com.cy/en/news/major-banks-across-europe-turning-off-hot-water-and-preparing-diesel-generators
Major banks across Europe are implementing measures in the workplace to cut down on energy consumption as Russia tightens its gas supply to the continent....
https://knews.kathimerini.com.cy/en/news/wired-s-jeremy-white-at-the-digital-agenda-cyprus-summit
Jeremy is the senior innovation editor of renowned technology magazine Wired. As an expert in analyzing and evaluating new technical trends, Jeremy is considered a prominent speaker in the areas of artificial intelligence, cybersecurity, automation and 'web 3'....
https://knews.kathimerini.com.cy/en/business/us-based-lone-star-to-revise-offer-for-bank-of-cyprus
US-based equity fund Lone Star said it is considering options with regard 'to the possibility of making a revised offer proposal to the Board of the Bank of Cyprus.'...
https://knews.kathimerini.com.cy/en/news/back-to-school-allowance-amounts-and-beneficiaries
A one-off 'Back to School' grant to families with children aged 4-18 years old, based on income criteria and household composition, was approved by the Council of Ministers at today's meeting, following a proposal by the Deputy Minister of Social Welfare, Ms. Anastasia Anthousi....
https://knews.kathimerini.com.cy/en/news/cypriot-airlines-dismiss-rumors-of-post-pandemic-ripple-effect
Airlines operating out of the Republic of Cyprus reportedly have denied rumors that they could be going under, following trouble with Romanian Blue Air and a Bloomberg report warning about the island’s two carriers...
https://knews.kathimerini.com.cy/en/business/banks-imposing-stricter-lending-standards
Cyprus banks have tightened credit standards in the second quarter of 2022, while net new lending demand subsided, reflecting the geopolitical tensions and the uncertainty in the global economic environment, the Central Bank of Cyprus Bank Lending Survey for Q2 says....
https://knews.kathimerini.com.cy/en/business/euro-dollar-exchange-falls-to-a-20-year-low
The escalation of the energy crisis with Moscow's aggressive, albeit predictable, decision to close the Nord Stream 1 pipeline indefinitely has led to a new fall in the euro, this time below 99 cents on the dollar....
https://knews.kathimerini.com.cy/en/news/liz-truss-becomes-britain-new-pm-after-johnson-fallout
Liz Truss will become Britain's next prime minister after winning a leadership race for the governing Conservative Party on Monday, vowing to press ahead with promised tax cuts and action to tackle the deepening energy and cost of living crisis....
https://knews.kathimerini.com.cy/en/business/melbourne-woman-accidentally-receives-$10-million-instead-of-$100-from-crypto-com
Cryptocurrency exchange Crypto.com mistakenly deposited $10.5 million directly into a woman’s bank account when the platform only intended to give her a $100 refund....
https://knews.kathimerini.com.cy/en/news/kilograms-of-cash-diamonds-jewelry-and-a-picasso-still-lost-after-25-years
Swissair Flight 111 from New York's JFK airport to Geneva, Switzerland, crashes off Nova Scotia, Canada, killing 229 people....
https://knews.kathimerini.com.cy/en/news/conflict-of-interest-raised-again-in-passport-probe
The audit office in the Republic of Cyprus is sending all its findings on golden passports to the state’s anti-corruption agency, citing a conflict of interest for the state’s two chief law enforcement officers who served as ministers during the investment scandal...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-announces-€50m-net-profit-in-first-half-of-2022
Bank of Cyprus announced a profit after tax amounting to €50 million for the first half of 2022, setting its sights on dividend distribution in 2023, for the first time since 2011, depending on market conditions and regulatory approvals....
https://knews.kathimerini.com.cy/en/news/yiorkio-finds-patron-after-years-of-rejection
Nicosia’s abandoned luxury hotel Yiorkio Residence has been sold to a group focusing on upscale living, with reports saying the bidder is shelling out €20 million to acquire one of Cyprus’ real estate puzzles...
