https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-reduces-loan-rates-to-3-65-amid-ecb-policy-shift
The Bank of Cyprus is lowering the reference interest rate on loans linked to the European Central Bank’s (ECB) base rate, effective Sept. 18, 2024....
https://knews.kathimerini.com.cy/en/business/ft-china-slaps-pwc-with-$62-million-fine-and-six-month-ban
Chinese authorities have hit PwC China with a hefty fine of $62 million and a six-month ban following a major scandal involving the collapsed property developer Evergrande, according to the Financial Times. ...
https://knews.kathimerini.com.cy/en/news/exness-founder-petr-valov-at-the-digital-agenda-cyprus-summit
Petr Valov founded Exness in 2008 with the goal of creating a company built on strong ethical values and an algorithmic, science-driven approach to products....
https://knews.kathimerini.com.cy/en/news/two-men-charged-after-theft-of-banksy-s-girl-with-balloon
Two men have been charged with burglary following the theft of Banksy's iconic artwork, Girl with Balloon, from a London gallery. ...
https://knews.kathimerini.com.cy/en/news/ecb-cuts-key-interest-rate-to-3-5-amid-slowing-inflation-and-growth-concerns
The European Central Bank (ECB) cut its key interest rate by 25 basis points to 3.5%, responding to slowing inflation in the Eurozone and concerns over weak growth. ...
https://knews.kathimerini.com.cy/en/news/cyprus-banks-praised-for-stronger-sanctions-enforcement-by-us
US sanctions imposed on entities and individuals in Cyprus are not targeting the country, but “oligarchs and arms traders” enabling “the Kremlin war machine” to continue the war in Ukraine......
https://knews.kathimerini.com.cy/en/news/ecb-set-to-cut-key-interest-rate-by-0-25-in-upcoming-meeting
The European Central Bank (ECB) is expected to reduce its key interest rate by 0.25% on Thursday, according to most economists in Greece and the Eurozone....
https://knews.kathimerini.com.cy/en/business/residential-plots-for-sale-by-astrobank
AstroBank has listed for sale large residential plots near the GSP stadium in Strovolos as well as other areas in Nicosia, Paphos, and Famagusta that are ideal for investment....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-considers-selling-jcc-to-euronet
Changes are imminent in Cyprus' payment sector as discussions unfold regarding the sale of JCC Payment Systems Ltd to Euronet. JCC Payment Systems......
https://knews.kathimerini.com.cy/en/news/wired-uk-founder-david-rowan-at-the-digital-agenda-cyprus-summit
Investor, author, and World Economic Forum contributor David Rowan will be joining us at the Digital Agenda Cyprus Summit....
https://knews.kathimerini.com.cy/en/news/bounced-cheques-in-cyprus-reach-€57k-in-august
A total of 30 bounced cheques worth €57,129 were issued in August 2024, according to data published on Monday by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/news/cypriot-bank-officials-to-present-aml-progress-in-u-s
Top officials from four major Cypriot banks are headed to the U.S. on Sept. 16 to present updates on their progress in anti-money laundering (AML) efforts, sanctions enforcement, and foreign account management. ...
https://knews.kathimerini.com.cy/en/news/cyprus-greece-electricity-project-meeting-set-for-tuesday
A meeting scheduled for next Tuesday on the Cyprus-Greece electricity interconnection project is considered crucial by all parties involved, government spokesman Konstantinos Letymbiotis said Friday....
https://knews.kathimerini.com.cy/en/life/paphos-set-to-sparkle-with-la-traviata-at-the-aphrodite-festival
Get ready for a weekend of dazzling culture and captivating music as Paphos prepares to host one of its most anticipated events of the year! The medieval charm of Kato Paphos Castle...
https://knews.kathimerini.com.cy/en/news/gaza-conflict-intensifies-as-israel-blocks-polio-vaccination-efforts
In the latest escalation of the Israeli-Hamas conflict, tensions have intensified with significant new developments. As the conflict continues, reports emerge of mounting casualties and humanitarian challenges....
https://knews.kathimerini.com.cy/en/news/boc-fintech-hackathon-5-0-where-the-fintech-nation-begins
The Bank of Cyprus is organizing the 5th BoC Fintech Hackathon 5.0, focused on innovative technologies in the financial sector (Fintech), on October 18-20, 2024. It will be held in person at the IDEA Innovation Center....
https://knews.kathimerini.com.cy/en/news/cyprus-faces-surge-in-online-scams
Online scams are becoming a serious issue in Cyprus, with recent data revealing a sharp increase in fraudulent activities. In the past 25 days, authorities have reported eight significant fraud cases, totaling over half a million euros in losses....
https://knews.kathimerini.com.cy/en/news/christodoulides-backs-eurobank-s-big-move-into-india
President Nikos Christodoulides has shown strong support for Eurobank’s plan to expand into India, seeing it as a significant chance to boost business ties between Cyprus and one of the world's largest economies....
https://knews.kathimerini.com.cy/en/business/9-real-estate-investment-opportunities-by-astrobank
AstroBank is selling a commercial building in Strovolos and other commercial, residential and agricultural properties that are ideal investment opportunities in Nicosia, Limassol, Larnaca and Famagusta....
https://knews.kathimerini.com.cy/en/news/cyprus-sees-higher-borrowing-costs-lower-deposit-rates-in-july
Interest rates on consumer loans and mortgages in Cyprus increased in July, according to the Central Bank of Cyprus (CBC). The rate for consumer credit climbed to 6.67% from 6.18% in June, while the rate for home loans rose to 4.59% from 4.52%....
https://knews.kathimerini.com.cy/en/news/banks-in-cyprus-contribute-€1-million-to-install-air-conditioners-in-schools
Cyprus's major banks are stepping up to help install air conditioners in schools, contributing €1 million to the effort. The funds will be distributed equally among the School Boards of the country’s five provinces. ...
https://knews.kathimerini.com.cy/en/business/hellenic-bank-s-profits-surge-amid-higher-lending-rates
Hellenic Bank, Cyprus’ second-largest lender, has had a strong start to 2024, reporting a net profit of €189 million in the first half of the year—a solid 18% increase from last year. This boost in profit is mainly due to a 30% rise in interest income, driven by higher European Central Bank (ECB) interest rates....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-illusion-of-prosperity-as-unemployment-numbers-mask-realities
In its analysis, the Central Bank of Cyprus notes that in the first quarter of 2024, unemployment fell to 6%, the lowest level since 2009....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-report-€164-7-million-deposit-increase-in-july
Total deposits in Cyprus’ banks recorded a net increase of €164.7 million in July 2024, compared with a net decrease of €44.1 million in June 2024, according to figures released on Wednesday by the Central Bank of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-to-engage-with-top-investors-in-london
The investment community is turning its focus to a major conference in London, set for late September, where several Cypriot banks will be represented....
https://knews.kathimerini.com.cy/en/news/greece-tightens-bank-statement-rules-for-schengen-visa
Travelers planning to visit Greece need a Schengen visa, which permits stays of up to 90 days within a 180-day period across the Schengen Area.
...
https://knews.kathimerini.com.cy/en/news/israel-launches-major-military-operation-in-west-bank-9-dead
Israel initiated a significant military operation early Wednesday targeting multiple areas in the northern occupied West Bank....
https://knews.kathimerini.com.cy/en/business/8-real-estate-investment-opportunities-by-astrobank
AstroBank is selling an unfinished commercial building in Strovolos and other commercial, residential and agricultural properties that are ideal investment opportunities in Nicosia, Famagusta, and Paphos....
https://knews.kathimerini.com.cy/en/news/ecb-cuts-cypriot-bond-holdings-to-€6-38-billion
The value of Cypriot sovereign bonds held by the Eurosystem, as part of the Public Sector Purchases Programme (PSPP) and the Pandemic Emergency Purchases Programme (PEPP) declined to €6.38 billion......
https://knews.kathimerini.com.cy/en/news/russian-industrial-giants-warn-of-bankruptcy-amid-sanctions-impact
More than 20 major Russian industrial companies, including those in the construction, automotive, and household appliance sectors, have warned they are on the brink of bankruptcy and could halt operations. In a letter to Anton Alikhanov......
