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12° Nicosia,
19 June, 2024
 

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Displaying results 1-30 of 633 matches for query Central Bank.

1. CBC projects 3% GDP growth in 2024

https://knews.kathimerini.com.cy/en/news/cbc-projects-3-gdp-growth-in-2024

The Central Bank of Cyprus has revised its 2024 forecast for GDP growth to 3%, from 2.8% that was expected last March, mainly due to the upward revision of domestic demand, while it maintained its forecast for growth in the years 2025 and 2026, at 3.1% and 3.2%, respectively....

2. Cyprus reforms are a comedy of errors in governance

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. ...

3. Russian assets to fund Ukraine's defense against Russia

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....

4. Banks blame high interest rates for decline of new loans

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. ...

5. CBC chief warns: Tax on big profits could hurt economy

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,...

6. Cyprus inflation could offset ECB rate cut benefits

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. ...

7. Keravnos continues to call on banks to slash interest rates

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,...

8. Eurobank takes control with 55.3% share in Hellenic Bank

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....

9. Banks record fewer bounced checks in May

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....

10. ECB approves Eurobank's acquisition of majority stake in Hellenic Bank

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....

11. Profits soared in Cyprus banking sector in 2023

https://knews.kathimerini.com.cy/en/business/profits-soared-in-cyprus-banking-sector-in-2023

The Cyprus banking sector experienced a significant surge in profitability by the end of 2023, as indicated by key financial indicators from the Central Bank of Cyprus (CBC)....

12. CBC reports €209.1M increase in deposits for April

https://knews.kathimerini.com.cy/en/news/cbc-reports-€209-1m-increase-in-deposits-for-april

Total deposits have recorded a monthly rise for the third consecutive month in April, as total loans dropped after two months of growth....

13. ECB to implement first interest rate cut

https://knews.kathimerini.com.cy/en/news/ecb-to-implement-first-interest-rate-cut

The European Central Bank (ECB) is poised to execute its much-anticipated rate cut, scheduled to take effect on Thursday, June 6, 2024....

14. Cyprus ship management revenue up despite global challenges

https://knews.kathimerini.com.cy/en/news/cyprus-ship-management-revenue-up-despite-global-challenges

Revenue from Cyprus' ship management industry rose by 2.4% in the second half of 2023, despite facing significant global challenges such as rising freight costs and geopolitical tensions, including disruptions in the Red Sea by Houthi forces....

15. Why the high interest rates when inflation is low?

https://knews.kathimerini.com.cy/en/news/why-the-high-interest-rates-when-inflation-is-low

Finance Minister Makis Keravnos has criticized the high lending rates in Cyprus, calling them unjustifiable given the country's relatively low inflation. In an interview with the Sunday edition of ''Phileleftheros,''...

16. A taste of the first 'Green Agenda Cyprus Summit'

https://knews.kathimerini.com.cy/en/news/a-taste-of-the-first-green-agenda-cyprus-summit

The inaugural "Green Agenda Cyprus Summit" was held on Monday, May 20, at the Hilton Hotel in Nicosia. The event brought together leaders from Cyprus' business community and featured prominent speakers and experts on environmental, sustainability, and energy issues from around the world, aiming to inspire and motivate attendees....

17. World Bank Tribunal backs Cyprus' 2013 bank measures

https://knews.kathimerini.com.cy/en/news/world-bank-tribunal-backs-cyprus-2013-bank-measures

Cyprus’ Attorney-General, George Savvides said on Thursday that a decision by the International Arbitral Tribunal of the World Bank on the case Theodoros......

18. Cyprus investment funds increase by €293 Million

https://knews.kathimerini.com.cy/en/news/cyprus-investment-funds-increase-by-€293-million

The total assets of investment funds in Cyprus grew by approximately €293 million, or 4.5%, in March 2024 compared to December 2023, reaching €6.78 billion....

19. Bankers rally for increased green financing despite longer payback periods

https://knews.kathimerini.com.cy/en/business/bankers-rally-for-increased-green-financing-despite-longer-payback-periods

According to a report by Panagiotis Rougalas, big players in the financial world are urging banks to step up for a greener future....

20. Green transition: Cyprus in the spotlight

https://knews.kathimerini.com.cy/en/news/green-transition-cyprus-in-the-spotlight

The first ''Green Agenda Cyprus Summit,'' organized by the Digital Agenda Cyprus Summit and the newspaper ''KATHIMERINI,'' was a resounding success. The event took place at the Hilton Hotel in Nicosia....

21. Banks stress need for government support in ESG initiatives

https://knews.kathimerini.com.cy/en/news/banks-stress-need-for-government-support-in-esg-initiatives

Banks are urging a combination of government and regulatory policies to achieve a healthy, effective, and optimal green transition in Cyprus....

22. Climate action

https://knews.kathimerini.com.cy/en/news/climate-action

Wopke Hoekstra has been the European Commissioner for Climate Action since 9 October 2023. Before assuming office in Brussels, he held various political positions in the Netherlands and worked in the private sector. ...

23. From gigabytes to watts: Telcos' evolution into energy providers

https://knews.kathimerini.com.cy/en/news/from-gigabytes-to-watts-telcos-evolution-into-energy-providers

Andreas Neocleous is the first CEO of Cyta, Cyprus’ largest telecommunications organization, to have been appointed from the private sector....

24. Foundational principles of sustainable development in Natura 2000 regions

https://knews.kathimerini.com.cy/en/news/foundational-principles-of-sustainable-development-in-natura-2000-regions

Dimitris K. Melissas is a Lawyer and Professor of Public Law at the School of Civil Engineering of the National Technical University of Athens, specializing in Urban Planning Law, Spatial Planning Law and Environmental Law....

25. CEO advocates Green Transition at inaugural Cyprus Summit

https://knews.kathimerini.com.cy/en/news/ceo-advocates-green-transition-at-inaugural-cyprus-summit

In an interview on SPOR FM's ''News Diaspora'' program, Dimitris Lottidis, the founder of the conference and CEO of SPP Media, addressed the urgent climate crisis and the inaugural Green Agenda Cyprus Summit....

26. Banking sector's pledge to environmental transition

https://knews.kathimerini.com.cy/en/news/banking-sector-s-pledge-to-environmental-transition

Eliza has been the Executive Director of Finance since October 2019 and since October 2021 she has been an Executive Member of the Bank of Cyprus Board of Directors....

27. First ever ECB supervisory council meeting in Cyprus

https://knews.kathimerini.com.cy/en/business/first-ever-ecb-supervisory-council-meeting-in-cyprus

The Central Bank of Cyprus is set to host the first-ever regular meeting of the Supervisory Council of the European Central Bank (ECB) on May 16-17....

28. Cypriot banks set to exceed 2023's record profits in 2024

https://knews.kathimerini.com.cy/en/news/cypriot-banks-set-to-exceed-2023-s-record-profits-in-2024

Cypriot banks are maintaining a low profile, but it's expected that 2024 will bring in higher profits compared to the record-breaking figures of 2023. ...

29. Climate crisis, a health emergency

https://knews.kathimerini.com.cy/en/news/climate-crisis-a-health-emergency

On December 1, 2019, Ms. Kyriakides assumed the role of European Commissioner for Health and Food Safety....

30. Almost 253,000 euros in bounced cheques in early 2024

https://knews.kathimerini.com.cy/en/news/almost-253-000-euros-in-bounced-cheques-in-early-2024

Cyprus grapples with a surge in bounced cheques, as revealed by recent data from the Central Bank of Cyprus. The total value of these unreliable transactions skyrocketed to 252,988 euros in the first four months of 2024, marking a concerning trend in financial instability....

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