https://knews.kathimerini.com.cy/en/news/the-cypriot-economy-must-be-diversified
An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities on March 11–28, 2022 to discuss recent economic developments and policy priorities....
https://knews.kathimerini.com.cy/en/business/eib-president-visits-cyprus-to-discuss-support-for-new-investments
European Investment Bank President, Werner Hoyer, is in Nicosia meeting with representatives of the Cypriot Government today....
https://knews.kathimerini.com.cy/en/business/euler-hermes-is-now-allianz-trade
Todaymarks a new chapter in our story: Euler Hermes, the world leader in trade credit insurance, becomes Allianz Trade – a natural moveas we have been fully part of the Allianz Group since 2018...
https://knews.kathimerini.com.cy/en/business/the-act-of-a-balanced-work-life-and-its-yin-yang-ecommbx
Life is a delicate yin yang, or merely one more reason to celebrate each day we all share on this planet we call home!...
https://knews.kathimerini.com.cy/en/news/lagarde-cyprus-will-be-affected-by-inflation-and-rising-energy-costs
Cyprus will be affected by inflationary pressures and higher energy costs due to its dependence on oil imports for electricity generation, according to European Central Bank President Christine Lagarde....
https://knews.kathimerini.com.cy/en/news/credit-suisse-in-the-hot-seat-for-telling-its-clients-to-shred-evidence
Just weeks after Credit Suisse was caught telling clients to shred evidence of its loans to Russian oligarchs, the embattled investment bank has decided to pull out of the country....
https://knews.kathimerini.com.cy/en/news/nicosia-roundtable-calls-on-cyprus-to-reexamine-sanctions
Leaders from the Russian business community in the Republic of Cyprus are calling on the government to reexamine sanctions in the wake of the war in Ukraine, saying the measures were hurting the island nation...
https://knews.kathimerini.com.cy/en/news/russians-pile-into-property-in-istanbul-and-dubai-to-shelter-from-sanctions
Wealthy Russians are pouring money into real estate in Turkey and the United Arab Emirates, seeking a financial haven in the wake of Moscow's invasion of Ukraine and Western sanctions, according to many property companies....
https://knews.kathimerini.com.cy/en/business/rcb-shifts-from-banking-to-asset-management
RCB Bank Ltd switches from banking to asset management, consequently phasing out its banking operations as of today....
https://knews.kathimerini.com.cy/en/news/abramovich-superyacht-eclipse-docks-in-marmaris
A second superyacht linked to Russian billionaire Roman Abramovich docked in a Turkish resort on Tuesday and sources familiar with the discussions said he and other wealthy Russians were looking to invest in Turkey given sanctions elsewhere....
https://knews.kathimerini.com.cy/en/business/everything-you-need-to-know-about-crypto-today-at-least-for-the-next-8-hours
Don’t be intimidated by my headline if you know nothing about Bitcoin or the Bored Ape Yacht Club. You are in the majority....
https://knews.kathimerini.com.cy/en/news/where-have-wealthy-russians-disappeared-to
It stretches into the Persian Gulf from Dubai. The man-made archipelago in the shape of a huge palm tree is full of luxury hotels, apartments and villas....
https://knews.kathimerini.com.cy/en/news/cyprus-is-losing-its-russians-confronting-existential-questions-about-its-economy
For decades, Cyprus built an economy that courted Russians — Russian tourists, Russian investors, Russian oligarchs.
...
https://knews.kathimerini.com.cy/en/news/europe-s-banks-reveal-billions-worth-of-russia-risk-as-sanctions-bite
Credit Suisse said it had gross exposure to Russia of 1.6 billion Swiss francs ($1.73 billion) at the end of 2021, the latest European bank to reveal the size of potential losses as Western sanctions shut Russia out of the global financial system....
https://knews.kathimerini.com.cy/en/news/eu-sanctions-14-more-oligarchs-blocks-transactions-with-belarus-central-bank
The European Union has agreed to impose sanctions on 14 more Russian oligarchs, freeze relations with Belarus’ central bank and curb three top lenders in that country, the EU Commission said on Wednesday....
https://knews.kathimerini.com.cy/en/news/two-ministerial-commitees-established-to-monitor-impact-of-ukraine-crisis-on-cyprus
At a meeting chaired by President Nicos Anastasiades today at the Presidential Palace, two ministerial committees were established to monitor the effects of the Ukraine crisis on Cyprus....
https://knews.kathimerini.com.cy/en/news/petrides-cyprus-banks-are-safe-from-exposure-to-russia
The economic sanctions imposed against Russia following the invasion of Ukraine are not affecting Cyprus to a large extent as the island’s banking system has no exposure to Russia...
https://knews.kathimerini.com.cy/en/news/at-least-five-oligarchs-have-bank-accounts-in-cypriot-banks
In Cyprus, five oligarchs from the EU list
What emerges from the investigations of Cypriot banks for the lists of the European Council which includes 50 persons...
https://knews.kathimerini.com.cy/en/business/alexis-pantazis-and-emilios-markou-of-hellas-direct-have-been-named-ey-entrepreneurs-of-the-year-for-2022-in-cyprus
This prestigious award for entrepreneurs was presented for the first time in Cyprus. Winners will represent Cyprus at the EY World Entrepreneur Of The Year™ Awards in Monte Carlo, in June 2022
...
https://knews.kathimerini.com.cy/en/business/cypriot-npls-unchanged-in-november
Total nonperforming loans (NPLs) in Cyprus’ banking sector saw no significant change in November 2021, reaching 4.24 billion euros from €4.26 billion the previous month, according to data released on Friday by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/news/cypriot-video-game-designer-denies-links-to-malware-found-before-russian-invasion
A 24-year-old videogame designer who runs his small business out of a home next to an old Cypriot church in a quiet suburb of Nicosia now finds himself entangled in a global crisis following the Russian invasion of Ukraine....
https://knews.kathimerini.com.cy/en/news/historic-leak-of-swiss-banking-records-reveals-unsavory-clients
Despite two decades of pledges by Credit Suisse to crack down on illegitimate funds, data leaked from the bank reveals that it catered to dozens of criminals, dictators, intelligence officials, sanctioned parties and political actors with outsized wealth....
https://knews.kathimerini.com.cy/en/business/digital-ruble-trial-goes-live-as-bank-of-russia-insists-on-bitcoin-ban
Amid more reports on the Bank of Russia rejecting the Finance Ministry’s proposal of cryptocurrency regulation, the central bank has kicked off trials of its own digital currency....
https://knews.kathimerini.com.cy/en/news/op-ed-complicated-relationships-amidst-a-crisis
The Ukrainian crisis and the diplomatic initiatives of recent days are shedding light on the complex alliances being tested and on the possible new outbreaks of tension....
https://knews.kathimerini.com.cy/en/business/can-banking-institutions-unilaterally-impose-new-policies-on-clients-with-housing-loan-agreements
I have recently been dealing with a case where a banking institution in Cyprus has requested from the client to either repay his housing loan earlier or transfer his loan to another bank. ...
https://knews.kathimerini.com.cy/en/business/npls-in-cyprus-banks-down-by-€32-million-at-the-end-of-october
Total non-performing loans (NPLs) in the Cyprus banking sector decreased by €32 million at the end of October 2021, compared to the previous month, when total loans increased by €14 million to € 27.91 billion....
https://knews.kathimerini.com.cy/en/business/moneyval-cyprus-makes-some-progress-in-the-fight-against-money-laundering
Cyprus has made some progress in the fight against money laundering and terrorist financing by partially complying with recommendations set out by the Financial Action Task Force (FATF), according to a report by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism - MONEYVAL....
https://knews.kathimerini.com.cy/en/business/npls-in-cyprus-decrease-€722-million-at-the-end-of-september
Α decrease of €722 million or 14.4% was recorded at the end of September 2021 in aggregate Non-Performing Loans (NPLs) compared with the end of June 2021, according to data released Friday by the Central Banks of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/business/reflections-on-20-years-of-the-euro
Twenty years ago on Saturday, around 300 million Europeans held a brand-new currency in their hands, the euro....
https://knews.kathimerini.com.cy/en/business/loan-restructurings-in-the-cyprus-reached-almost-€2-billion-due-to-covid
Loan restructurings in the Cypriot banking system edged close to €2 billion in the first ten months of 2021, marking the highest figure according to Central Bank of Cyprus (CBC) records which began in end-2014....
