https://knews.kathimerini.com.cy/en/news/nicosia-launches-special-unit-to-sift-through-sanctions
No derogation from EU sanctions will be tolerated, President of the Republic Nikos Christodoulides stressed on Wednesday during a meeting at the Presidential Palace on the sanctions imposed by the US and the UK against natural and legal persons from Cyprus. The President was also informed about the procedures to establish the National Sanctions Implementation Unit...
https://knews.kathimerini.com.cy/en/news/finance-minister-requests-containment-of-lending-rates-for-housing-loans
The Finance Minister of Cyprus, Makis Keravnos, has written letters to the Director General of the Cyprus Banks Association and the Director General of the Association of Credit Acquisition Companies and Credit Facility Managers, requesting measures to control rising lending rates for serviceable loans up to €350,000....
https://knews.kathimerini.com.cy/en/business/numerous-foreclosure-sales-expected-in-2023-and-2024
The COVID-19 pandemic and the subsequent suspension of divestments since 2020 have led to the creation of a considerable volume of properties for disposal that banks and credit purchase companies have on their balance sheets....
https://knews.kathimerini.com.cy/en/business/boc-to-pay-dividends-after-12-years
The Bank of Cyprus is the first bank in Cyprus and Greece to receive approval from the European Central Bank (ECB) to pay dividends. The lender is expected to resume paying dividends to its shareholders after 12 years....
https://knews.kathimerini.com.cy/en/news/nicosia-scrambles-to-guard-trademark-after-sanctions-incident
President of Cyprus Nikos Christodoulides convened an extraordinary meeting on Thursday following the inclusion of Cypriot natural and legal persons in the lists of the latest sanctions published on Wednesday by the United States of America and the United Kingdom...
https://knews.kathimerini.com.cy/en/news/leaker-identified-as-fit-military-leader-with-gun-worshipping-gamer-group
The Washington Post has traced the recent Pentagon intelligence leak to a man who shared hundreds of secret files with a small group of young gamers on a private Discord server....
https://knews.kathimerini.com.cy/en/news/cyber-gang-badgers-cypriot-university-to-cough-up-$100k
The notorious Medusa ransomware gang is asking for $100,000 from Open University of Cyprus following a cyberattack on the institution’s digital platforms, with data samples already leaked online to prove they are not kidding...
https://knews.kathimerini.com.cy/en/business/three-major-concerns-of-ecb-regarding-cypriot-banks
Although Cypriot banks have made great progress over the last decade, foreign supervisors have reservations and summarise their concerns in three areas....
https://knews.kathimerini.com.cy/en/news/imf-projects-steady-gdp-growth-for-cyprus-in-2023
The International Monetary Fund (IMF) maintained its projection for Cyprus’ economic growth in 2023 at 2.5% of GDP, while real GDP growth is expected to pick up pace in the next year....
https://knews.kathimerini.com.cy/en/news/cypriots-aren-t-shying-away-from-trendy-easter-getaways
Cypriots seem to have resumed their travels vigorously, with many of our fellow citizens opting for long getaways for the Easter holidays. Speaking to K, Acta's spokesman, Harris Papacharalambous, said that demand is at pre-coronavirus levels for both inbound and outbound travel....
https://knews.kathimerini.com.cy/en/business/ey-report-governments-need-new-ways-of-working-to-seize-digital-opportunities
Governments around the world are at risk of failing citizens through lack of digitalization, according to EY research presented in a new report: “How can government workers and technology align to serve future citizens?”. ...
https://knews.kathimerini.com.cy/en/news/philip-lane-next-ecb-decisions-on-interest-rates-will-be-based-on-data-video
Philip Lane, the Chief Economist and member of the European Central Bank's (ECB) executive board has said the bank's next monetary policy decisions will be based on incoming data,...
https://knews.kathimerini.com.cy/en/business/nicosia-cybersecurity-conference-live-empowering-education-and-prevention
On Thursday 6th April 2023 at 11.00 a.m., a workshop entitled "Cybersecurity Systems and Development of Modern IT Applications" will take place at the Hilton Hotel in Nicosia....
https://knews.kathimerini.com.cy/en/news/significant-progress-of-cypriot-economy-noted-by-ecb-chief-economist
Philip R. Lane, member of the Executive Board and Chief Economist of the European Central Bank (ECB) said he is pleased to witness the significant progress of the Cypriot economy....
https://knews.kathimerini.com.cy/en/news/passports-of-russian-officials-confiscated-to-prevent-overseas-escape
A Soviet-style practice is being resorted to by Russia's security services, confiscating the passports of senior officials and executives of state-owned companies to prevent travel abroad, as "paranoia about leaks and defections spreads in Vladimir Putin's regime," reports the Financial Times....
https://knews.kathimerini.com.cy/en/business/prem-watsa-greek-banks-are-safer
Greece has entered a virtuous cycle of growth, and the next few years will be especially beneficial to the economy and Greeks if political stability is maintained and business-friendly policies are implemented....
https://knews.kathimerini.com.cy/en/news/newly-appointed-presidential-advisors-to-work-pro-bono
President Nikos Christodoulidis has appointed two new special advisors to his team to help with economic affairs and crisis management, respectively....
https://knews.kathimerini.com.cy/en/news/u-s-reporter-arrested-and-accused-of-spying-in-russia
Russia on Thursday charged an American correspondent for the Wall Street Journal with spying, in a case certain to escalate Moscow's diplomatic feud with Washington over the war in Ukraine and likely to further isolate Russia....
https://knews.kathimerini.com.cy/en/business/herodotou-european-banking-system-in-good-health
Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou said on Wednesday that there’s concern that the banking problems with some European banks could evolve into something bigger....
https://knews.kathimerini.com.cy/en/news/finmin-stresses-importance-of-stable-legislation-for-out-of-court-auctions
The Finance Ministry has stressed the importance of having stable legislation regulating out-of-court auctions, in tandem with an effective insolvency framework in order to achieve a reduction of bad loans....
https://knews.kathimerini.com.cy/en/news/rain-snow-and-sleet-expected-in-the-mountains-as-temps-drop
Today, after the dissipation of low clouds and fog in the morning, mostly clear weather is expected, though locally, increasing clouds may occur. In the afternoon, ...
https://knews.kathimerini.com.cy/en/news/bank-deposits-increase-by-€357-1-million-in-february
Total deposits in February 2023 recorded a net increase of €357.1 million, compared with a net decrease of €583,8 million in January 2023....
https://knews.kathimerini.com.cy/en/news/keravnos-urges-banks-to-restructure-loans-and-keep-rates-low
Cyprus Finance Minister Makis Keravnos has urged banks to restructure loans, maintain low lending rates and bank charges, and increase deposit rates in light of continued basic rate hikes by Central Banks. He warned that otherwise the government "would make different thoughts."...
https://knews.kathimerini.com.cy/en/news/saudi-national-bank-president-resigns
The chairman of Saudi National Bank, which was the main shareholder of Credit Suisse before its takeover earlier this month, has resigned, according to a statement published on the Saudi stock exchange....
https://knews.kathimerini.com.cy/en/business/real-estate-investment-opportunities-by-astrobank
Houses, building plots, agricultural, commercial, and industrial real estate, in many areas of Cyprus...
https://knews.kathimerini.com.cy/en/business/cbc-estimates-gdp-growth-at-2-6-in-2023
The Central Bank of Cyprus (CBC) has marginally upgraded its projections for GDP growth this year citing the slightly improved prospects in the external economic environment and the anticipated lower energy prices, amid the continued war in Ukraine....
https://knews.kathimerini.com.cy/en/news/cyprus-to-open-4-new-embassies-this-year
Cyprus' diplomatic presence abroad is being upgraded with the reopening or the opening of four embassies in 2023....
https://knews.kathimerini.com.cy/en/news/herodotus-to-banks-on-restructuring-interest-rates-and-transparency-in-charges
The Governor of the Central Bank, Constantinos Herodotou, emphasized to the Senior Executive Directors of licensed credit institutions the importance of the timely provision of viable restructurings, as well as the assessment of their data regarding the level of their deposit rates....
https://knews.kathimerini.com.cy/en/news/travel-between-us-and-europe-increased-by-87-in-february-2023
The recent data released from the International Trade Administration (ITA) has revealed that international air travel to and from the United States and Europe saw an increase of 87.1 percent in February 2023,...
https://knews.kathimerini.com.cy/en/news/austrian-chancellor-calls-for-very-high-walls-at-eu-borders
Austrian Chancellor Karl Nehammer has demanded that the EU external border should be fenced by a high wall in an effort to curb illegal migration as more refugees are coming to Europe....
