https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-reforms-are-a-comedy-of-errors-in-governance
Following last Sunday's vote, the much-publicized local government reform will take effect on July 1. This, like many other reforms, has been carried out in typical Cypriot fashion. ...
https://knews.kathimerini.com.cy/en/business/the-$10-billion-plan-to-rebuild-cyprus-s-ghost-town
The Turkish newspaper Sözcü has drawn attention to Varosha, an abandoned area in Famagusta, calling it the "Las Vegas of the Mediterranean." The paper says it would take $10 billion to bring the ghost town back to life after being abandoned for 50 years....
https://knews.kathimerini.com.cy/en/news/politico-cyprus-is-the-solution-not-a-problem
Despite its long-standing division, Cyprus is emerging as a crucial player in the Middle East, offering a stable platform for political, economic, humanitarian, and military operations, according to an article published today in Politico by Ivo Daalder....
https://knews.kathimerini.com.cy/en/news/limassol-man-loses-€46-900-in-car-sales-scam
A 28-year-old man reported to Limassol Police Station that he was the victim of electronic fraud after transferring €46,900 to a bank account he believed belonged to a car sales company....
https://knews.kathimerini.com.cy/en/news/russian-assets-to-fund-ukraine-s-defense-against-russia
Leaders of the Group of Seven nations have struck a landmark agreement to extend a $50 billion loan to Ukraine, funded by interest earned on Russia’s immobilized central bank assets....
https://knews.kathimerini.com.cy/en/news/banks-blame-high-interest-rates-for-decline-of-new-loans
Loan demand continued to fall in the first quarter of 2024, with banks blaming high interest rates for the decline. ...
https://knews.kathimerini.com.cy/en/news/agency-reports-strong-start-to-2024-continues-paying-off-state-debt
KEDIPES, Cyprus' state-owned asset management agency, announced a €144 million cash inflow for the first quarter of 2024. The agency also made a €140 million repayment to the state, bringing the total repayment to €1.3 billion since it started in September 2018....
https://knews.kathimerini.com.cy/en/business/wizz-air-increases-number-of-flights-from-larnaca-cluj-and-varna
Wizz Air, Europe’s fastest growing and most environmentally sustainable airline globally1, is excited to announce the increase the number of flights from Larnaca, Cluj, and Varna,...
https://knews.kathimerini.com.cy/en/news/what-s-in-a-name-the-romantic-tale-of-rosebank-whisky
Rosebank. What a romantic name, isn’t it? To me, it conjures up images of blooming roses and tranquil riverbanks. ...
https://knews.kathimerini.com.cy/en/business/cbc-chief-warns-tax-on-big-profits-could-hurt-economy
The new Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, expressed opposition to a windfall profits tax, which is a tax imposed by governments on companies that have experienced unexpectedly large profits,...
https://knews.kathimerini.com.cy/en/business/eurobank-increases-stake-in-hellenic-bank-to-55-48
Eurobank's share in Hellenic Bank has increased to 55.48%, after the latest acquisition of 240.303 shares, for €0.62 million....
https://knews.kathimerini.com.cy/en/business/3-real-estate-investment-opportunities-by-astrobank
Two apartment complexes, residential fields, and other properties in various areas of Cyprus that are ideal for investment have been listed for sale by AstroBank....
https://knews.kathimerini.com.cy/en/news/us-president-s-son-convicted-of-illegal-gun-purchase
Hunter Biden, the 54-year-old son of President Joe Biden, has been found guilty of illegally purchasing a firearm by hiding his drug use. This marks the first criminal prosecution of a sitting US president's offspring....
https://knews.kathimerini.com.cy/en/business/eurobank-boosts-stake-in-hellenic-bank-with-over-500-000-shares
Eurobank has acquired 503,934 more shares in Hellenic Bank, for the cost of €1.29 mn, increasing its share at 55.42%....
https://knews.kathimerini.com.cy/en/news/cyprus-tourism-hit-by-may-slump
Banks caution against high expectations for new tourism records in Cyprus, citing a lackluster performance in May, according to a report by Panayiotis Rougalas on this Sunday's Kathimerini (9 June 2024)....
https://knews.kathimerini.com.cy/en/business/fitch-upgrades-cyprus-to-bbb
Fitch Ratings has upgraded Cyprus' Long-Term Foreign Currency Issuer Default Rating from 'BBB' to 'BBB+' with a positive outlook....
https://knews.kathimerini.com.cy/en/news/cyprus-inflation-could-offset-ecb-rate-cut-benefits
The European Central Bank (ECB) cut its three key interest rates by 25 basis points on Thursday, marking the first reduction after nearly two years of increases or stasis. ...
https://knews.kathimerini.com.cy/en/business/eurobank-s-egg-enter-grow-go-wins-top-eban-award-for-2024
egg - enter grow go, Eurobank's business accelerator, has been awarded the prestigious distinction of Best Performing New EBAN Member 2024......
https://knews.kathimerini.com.cy/en/news/keravnos-continues-to-call-on-banks-to-slash-interest-rates
Finance Minister, Makis Keravnos, called on local banks to slash interest rates, emphasizing the urgency for change in the financial landscape. Keravnos's remarks come just before the European Central Bank's Governing Council convenes,...
https://knews.kathimerini.com.cy/en/news/israeli-settler-defies-us-sanctions-gains-community-aid-to-access-frozen-funds
For weeks after being sanctioned by the United States, Yinon Levi struggled to pay the bills, living at his farming outpost atop a hill in the occupied West Bank. But the Israeli settler’s problems didn’t last....
https://knews.kathimerini.com.cy/en/business/2-real-estate-investment-opportunities-by-astrobank
Astrobank has listed for sale a large seaside plot of land in Mazotos, as well as other properties that are ideal investment opportunities in Nicosia, Larnaca, Limassol and Paphos....
https://knews.kathimerini.com.cy/en/news/new-banknotes-featuring-king-charles-released-in-the-uk
Banknotes bearing the portrait of King Charles III have been released into circulation for the first time today. ...
https://knews.kathimerini.com.cy/en/news/eurobank-takes-control-with-55-3-share-in-hellenic-bank
The European Central Bank (ECB) has given its approval for Eurobank to acquire a majority stake of over 50% in Hellenic Bank, marking a significant milestone in the banking landscape of Cyprus....
https://knews.kathimerini.com.cy/en/news/fti-bankruptcy-adds-to-woes-of-cyprus-tourism-sector
The recent bankruptcy of German tour operator FTI has sent ripples through the Cyprus tourism industry, highlighting both immediate concerns and long-term implications....
https://knews.kathimerini.com.cy/en/business/900-tourists-in-cyprus-affected-by-fti-group-bankruptcy
Around 900 tourists who purchased travel packages from the German-based FTI Group, which has recently filed for bankruptcy, are currently in Cyprus, Deputy Minister of Tourism Kostas Koumis said Tuesday....
https://knews.kathimerini.com.cy/en/business/banks-record-fewer-bounced-checks-in-may
The number of bounced checks in Cyprus saw a significant drop in May 2024 compared to the same month last year, according to data released by the Central Bank of Cyprus on Tuesday....
https://knews.kathimerini.com.cy/en/life/best-whisky-in-the-world-hold-my-glass
''Glengoyne is the best whisky in the world,'' Arthur declared with the kind of confidence that made me think he might be onto something. ''We have the slowest stills in Scotland.''...
https://knews.kathimerini.com.cy/en/news/free-outdoor-movie-nights-in-nicosia
Downtown Nicosia is set to come alive this June with complimentary outdoor movie nights, offering an enchanting experience under the early summer sky....
https://knews.kathimerini.com.cy/en/news/ecb-approves-eurobank-s-acquisition-of-majority-stake-in-hellenic-bank
The European Central Bank (ECB) has granted the necessary approvals for Eurobank to acquire a 55.3% stake in Hellenic Bank....
https://knews.kathimerini.com.cy/en/business/unpaid-debts-from-fti-touristik-bankruptcy-threaten-cyprus-hotels
The European tourism market has been jolted by the bankruptcy of FTI Touristik, a major German travel organiser. ...
