https://knews.kathimerini.com.cy/en/business/a-total-of-€362-9-million-euros-in-new-loans-recorded-in-may
A total of €362.9 million euros in new loans were recorded in May, according to data released by the Central Bank of Cyprus on Tuesday. The increase in new loans is mainly due to both an increase in loans for over €1 million and loans for the purchase of homes....
https://knews.kathimerini.com.cy/en/news/tatar-has-yet-to-deliver-cooperation-proposals-to-president-anastasiades
The proposals on mutual cooperation unveiled by the Turkish Cypriot leader, Ersin Tatar, during a meeting, last week with Miroslav Jenča, the Assistant Secretary-General for Europe, Central Asia and the Americas, have yet to be received by President Nicos Anastasiades....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-offering-voluntary-retirement-plans-for-up-to-600-employees
The Bank of Cyprus is offering a Voluntary Retirement Plan to 500 - 600 employees of its employees in the hopes that it can reduce its number of employees in order to maintain profitability. ...
https://knews.kathimerini.com.cy/en/news/high-ranking-un-official-to-undertake-mission-for-resumption-of-peace-talks
Assistant UN Secretary-General for Europe, Central Asia and the Americas in the United Nations Department of Political Affairs Miroslav Jenča informed President Nicos Anastasiades that he will undertake an investigative mission to create the conditions for the resumption of Cyprus peace talks, Government Spokesperson Marios Pelekanos said on Friday....
https://knews.kathimerini.com.cy/en/news/herodotou-interest-rates-should-be-increased-gradually
The Governor of the Central Bank of Cyprus, Constantinos Herodotou, said he was in favor of the ECB gradually increasing key interest rates while keeping its options open, stressing that the European Central Bank should consider the impact of each increase and act accordingly....
https://knews.kathimerini.com.cy/en/news/ukraine-russian-missiles-hit-mall-with-over-1-000-people-inside
A busy shopping mall in the central Ukrainian city of Kremenchuk was hit by a rocket....
https://knews.kathimerini.com.cy/en/news/greece-s-karagiannis-appointed-to-coordinate-final-stage-of-local-governement-reform
The Director-General of the Central Union of Municipalities of Greece, Yiannis Karagiannis, has been appointed as the expert to coordinate the provision of Greek expertise to the Republic of Cyprus for the implementation of the final stage of local government reform....
https://knews.kathimerini.com.cy/en/news/eu-leaders-tackle-inflation-energy-shocks-from-russia-s-war
A day after endorsing Ukraine’s candidacy to join the European Union, the bloc’s leaders turned their attention Friday to the severe economic turbulence looming over the coming months as the full impact of Russia’s war sinks in and the threat of recession rises....
https://knews.kathimerini.com.cy/en/business/20-years-of-the-cayenne-the-‘third-porsche-–-an-extraordinary-success-story
Ferry Porsche predicted it back in 1989: “If we build an off-road model according to our standards of quality, and it has a Porsche crest on the front, people will buy it.” He would go on to be proved right. ...
https://knews.kathimerini.com.cy/en/business/rcb-finalizes-sale-of-its-loan-portfolio-to-hellenic
RCB Bank Ltd announced that the sale of Tranche B of its performing loan portfolio to Hellenic Bank Public Company Ltd has been successfully completed....
https://knews.kathimerini.com.cy/en/news/prison-warden-alleges-illegal-activity-to-undermine-her
Nicosia Central Prisons Warden Anna Aristotelous is launching a complaint against a high-ranking police official, accusing him of enlisting a convicted informant to seek videos that could be politically harmful to the country’s top corrections officer...
https://knews.kathimerini.com.cy/en/news/central-banks-across-europe-jack-up-interest-rates-to-fight-inflation
Central banks across Europe raised interest rates on Thursday, some by amounts that shocked markets, and hinted at even higher borrowing costs to come to tame soaring inflation that is eroding savings and squeezing corporate profits....
https://knews.kathimerini.com.cy/en/news/us-fed-raises-interest-rates-by-75-largest-hike-in-30-years
The US central bank has announced its biggest interest rate rise in nearly 30 years as it ramps up its fight to rein in soaring consumer prices....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-the-dilemmas-of-war-and-pandemic
Cyprus is a small country with a large export sector of services, which makes it vulnerable to its external environment. An external shock is felt faster and more intensely.
...
https://knews.kathimerini.com.cy/en/news/immigrant-arrivals-will-more-than-double-in-2022
The official data on illegal arrivals in territories controlled by the Republic of Cyprus are alarming. For the first half of 2022, the number of asylum seekers has skyrocketed, compared to 2021, with the current year looking to break a decade's old record....
https://knews.kathimerini.com.cy/en/business/myth-buster-ifrs-17-an-accounting-standard-for-insurance-contracts
As the title attests, this short article aims at busting the myth which states that IFRS 17 – Insurance Contracts is only relevant for insurers or for companies regulated as insurance entities. ...
https://knews.kathimerini.com.cy/en/news/greek-court-overturns-seizure-of-iran-tanker-s-oil
A court in central Greece has overturned a ruling that authorized the confiscation of crude oil from an Iranian-flagged tanker at the center of a volatile dispute over international sanctions...
https://knews.kathimerini.com.cy/en/news/greece-preparing-for-mass-migrant-entry-from-turkey
Amid rising tensions with Turkey, plans are being drafted to deal with the possibility of an attempted mass entry of migrants into Greece at the instigation of Ankara, in a repeat of the spring 2020 incident at the Evros land border....
https://knews.kathimerini.com.cy/en/business/an-increasing-number-of-bounced-checks-were-recorded-by-the-cbc
The number and amount of bounced cheques recorded in the Central Bank of Cyprus' (CBC) preliminary Central Information Register (CIR), showed an upward trend in the first five months of 2022, according to data released Tuesday....
https://knews.kathimerini.com.cy/en/business/cbc-new-loans-drop-by-almost-50-in-april
Cypriot banks granted 50% fewer loans this month in comparison to last month due to a sizeable reduction in new housing loans....
https://knews.kathimerini.com.cy/en/news/britain-celebrates-70-years-of-queen-elizabeth-s-reign
A beaming Queen Elizabeth waved to cheering crowds massed outside Buckingham Palace on Thursday as Britain kicked off four days of pomp, parties and parades to celebrate her record-breaking 70 years on the British throne....
https://knews.kathimerini.com.cy/en/business/cbc-cryptocurrencies-are-a-potential-risk-to-the-economy
Losing 26% of its value in the last month, Bitcoin and other cryptocurrencies are in danger of dragging the "real economy" with their unpredictable fluctuations....
https://knews.kathimerini.com.cy/en/news/orban-get-his-way-as-eu-bans-russian-oil
The European Union on Thursday gave its final approval to new sanctions on Russian oil and top bank Sberbank, after much wrangling with Hungary, as punishment for Russian President Vladimir Putin's Feb. 24 invasion of Ukraine...
https://knews.kathimerini.com.cy/en/business/lebanese-banks-in-cyprus-to-shut-down-amid-the-country-s-financial-crisis
Branches of Lebanese banks operating in Cyprus will shut down following a decision by the country’s Central Bank. A Central Bank of Cyprus (CBC) official has confirmed to CNA the decision taken by the country’s banking regulator....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-posts-net-profit-of-€21-million-in-q1-and-a-record-of-new-loans
Bank of Cyprus group announced on Thursday a net profit of €21 million for the first quarter of 2022, compared to net profit of €8 million in the first quarter of 2021....
https://knews.kathimerini.com.cy/en/news/frontex-57-800-illegal-migrants-have-been-detected-at-the-eu-external-borders
The number of illegal migrants detected at the EU borders by the standing corps officers of the European Border and Coast Guard Agency (Frontex) has spiked up in the four first months of 2022, compared to the same period last year....
https://knews.kathimerini.com.cy/en/news/a-total-of-€438-000-worth-of-bounced-checks-were-recorded-for-the-month-of-april
A total of €438,000 worth of bounced checks were recorded for the month of April, according to data announced by the CBC on Wednesday....
https://knews.kathimerini.com.cy/en/news/russian-ambassador-to-poland-doused-with-red-substance
The Russian ambassador to Poland was doused in a red substance on Monday by people protesting against the war in Ukraine as he went to lay flowers at the Soviet Military Cemetery in Warsaw to mark the 77th anniversary of the victory over Nazi Germany....
https://knews.kathimerini.com.cy/en/news/u2-s-bono-and-the-edge-perform-in-ukraine-subway-station
Bono, the frontman of the Irish rock group U2 and his bandmate the Edge performed a 40-minute concert in a subway station in Kyiv and praised Ukrainians fighting for their freedom from Russia....
https://knews.kathimerini.com.cy/en/news/fozen-russian-reserves-should-be-used-to-rebuild-ukraine
EU capitals should consider seizing frozen Russian foreign exchange reserves to cover the costs of rebuilding Ukraine after the war, the bloc’s top diplomat has said, as the west debates how to force Moscow to pay for some of the damage the conflict has caused....
