https://knews.kathimerini.com.cy/en/news/von-der-leyen-proposes-€150-billion-borrowing-plan-for-rearmament-amid-growing-security-concerns
The European Commission has proposed a bold plan to borrow up to €150 billion to lend to EU governments as part of a major rearmament effort....
https://knews.kathimerini.com.cy/en/business/cyprus-court-halts-sale-of-mortgaged-property
In a landmark ruling, the Nicosia District Court has suspended the sale of mortgaged properties, citing illegalities in mortgage agreements....
https://knews.kathimerini.com.cy/en/news/ey-the-biggest-risks-facing-cyprus-and-governments-worldwide
As we move further into 2025, governments around the world, including Cyprus, are facing a range of challenges....
https://knews.kathimerini.com.cy/en/business/big-us-companies-borrowing-in-europe-to-save-money
Big American companies are increasingly turning to Europe to borrow money at lower costs, taking advantage of cheaper interest rates compared to those in the US....
https://knews.kathimerini.com.cy/en/news/struggling-families-at-risk-of-losing-homes-on-government-granted-land
Low-income households that received state-owned land to build their first homes now face the real threat of losing their properties to lenders, according to a damning report by the Audit Office of the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/news/bizarre-paramilitary-group-in-cyprus-under-investigation
A strange and alarming case has emerged in Cyprus, where authorities are investigating a shadowy group that claims to operate under its own legal and military codes, disregarding the authority of the state....
https://knews.kathimerini.com.cy/en/comment/opinion/faulty-airbags-political-theatrics-and-a-president-playing-messi
The faulty airbag saga isn’t going away anytime soon, as car owners across Cyprus (which, let’s be honest, means practically everyone—good luck finding a family without at least one problematic vehicle) are refusing to shoulder the extra costs....
https://knews.kathimerini.com.cy/en/comment/opinion/it-was-a-low-bar
The Housing Grant Scheme for young couples and individuals up to 41 years of age was launched on 31 October 2024, with a target of 400 beneficiary applications and a total budget of €15 million. ...
https://knews.kathimerini.com.cy/en/news/football-clubs-slam-omonia-s-involvement-in-tax-talks
A group of five major Cypriot football clubs issued a joint statement following their meeting with the Tax Commissioner yesterday, clarifying their stance on overdue debts to the state and calling out certain actions they deem disruptive to the ongoing dialogue....
https://knews.kathimerini.com.cy/en/comment/opinion/holier-than-thou-but-stuck-in-the-middle-ages
"I want to lead a saintly life, but the devil won’t let me," was a saying my late grandmother often repeated. ...
https://knews.kathimerini.com.cy/en/news/top-cyprus-football-clubs-face-big-tax-bills-risking-legal-trouble
Football clubs in Cyprus are facing mounting pressure from the Tax Department to settle their overdue debts. ...
https://knews.kathimerini.com.cy/en/news/cyprus-tax-department-going-after-football-clubs-over-unpaid-debts
The Cyprus Tax Department is moving forward with plans to issue indictments against all football clubs in the country that have outstanding debts to the state, regardless of the size of the amounts owed. ...
https://knews.kathimerini.com.cy/en/news/offside-with-the-taxman-as-football-execs-face-€35-5m-penalty-shootout
The technocrats of the Tax Department are continuing the process of finalizing indictments against football clubs....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-see-€1-billion-in-profits-as-npl-s-decline-in-2024
Cypriot banks reported impressive financial growth in the first nine months of 2024, with total profits reaching €952.5 million after taxes, a sharp rise from €602.92 million by mid-year.
...
https://knews.kathimerini.com.cy/en/news/u-s-army-veteran-carries-out-deadly-new-year-s-attack-in-new-orleans
What started as a night of joy and celebration in New Orleans turned into a scene of heartbreak and devastation in the early hours of January 1....
https://knews.kathimerini.com.cy/en/news/cyprus-increases-interest-rates-on-arrears-and-court-cases-for-2025
Starting January 1, 2025, Cyprus is increasing interest rates related to arrears and court cases, which could affect anyone with overdue debts to the state or those involved in legal disputes....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-is-moving-forward-with-its-digital-assistant-steering-clear-of-cypriot-work-habits
The Digital Assistant is here! It's the first application of Productive Artificial Intelligence in the Cypriot public sector....
https://knews.kathimerini.com.cy/en/business/tariffs-reforms-and-rate-cuts-2025-s-economic-balancing-act
As we look ahead to 2025, experts at UBS are forecasting steady global economic growth, but not without a few bumps along the way....
https://knews.kathimerini.com.cy/en/life/miniature-therapy-horses-in-greece-bring-joy-despite-struggles
A shy smile spreads across 9-year-old Josifina’s face as she strokes a tiny gray horse....
https://knews.kathimerini.com.cy/en/business/moody-s-nick-hill-on-financial-risks-and-opportunities-for-2025
In an insightful conversation with Kathimerini's Panayiotis Rougalas, Nick Hill discusses the key macroeconomic risks and opportunities facing the region in 2025....
https://knews.kathimerini.com.cy/en/news/government-launches-mortgage-subsidy-to-ease-inflation-s-grip
The government of Cyprus is stepping up to help homeowners struggling with rising interest rates and inflation....
https://knews.kathimerini.com.cy/en/business/geopolitical-pressures-threaten-2025-recovery
Speaking at the 20th Economist Conference in Nicosia, Nick Hill highlighted the macroeconomic and geopolitical challenges shaping the global financial environment....
https://knews.kathimerini.com.cy/en/business/intrakat-s-€1-million-debt-to-cypriot-subcontractors-sparks-legal-action
Greek-owned construction company Intrakat, which was contracted to build part of the Paphos-Polis Chrysochous motorway in Cyprus, is facing significant financial troubles, leaving behind nearly €1 million in debts to seven local subcontractors and suppliers....
https://knews.kathimerini.com.cy/en/news/court-hands-down-stiff-sentences-in-major-extortion-and-embezzlement-case
In a significant move against financial crime, the Criminal Court in Larnaca has handed down tough sentences to two men involved in an elaborate scheme of extortion, embezzlement, and money laundering. ...
https://knews.kathimerini.com.cy/en/business/cyprus-receives-major-credit-rating-boost-from-moody-s
Last Friday, Moody’s delivered a major endorsement of Cyprus’ economic progress, upgrading its credit rating by two notches, from Baa2 to A3, with a stable outlook, according to a report by Panayiotis Rougalas. ...
https://knews.kathimerini.com.cy/en/comment/opinion/geoeconomic-tensions-and-cyprus-staying-the-course-amid-challenges-ahead
Geoeconomic fragmentation, the reversal of progress towards global economic and financial integration due to political and military conflict and strategic policy decisions, is rising....
https://knews.kathimerini.com.cy/en/news/greek-workers-strike-over-rising-costs-and-low-wages
Greek workers are currently on strike today, Wednesday, causing disruptions at ports, and on buses and trains. The nationwide strike, which includes transport workers, doctors, teachers, and construction workers, is a protest against rising living costs and demands for higher wages....
https://knews.kathimerini.com.cy/en/business/laiki-bank-liquidator-raises-€90-8-million-for-depositor-compensation
According to a report by Panayiotis Rougalas in this Sunday's Kathimerini, the liquidator of the former Laiki Bank, Avgoustinos Papathomas, has achieved a key milestone in efforts to compensate creditors, particularly depositors who lost money during the bank’s 2013 collapse....
https://knews.kathimerini.com.cy/en/news/dbrs-morningstar-cyprus-shows-strong-recovery-in-tackling-bad-loans
Cyprus is starting to see some positive shifts in its financial sector, particularly when it comes to tackling non-performing loans (NPLs) – loans that borrowers have stopped paying. ...
https://knews.kathimerini.com.cy/en/business/hellenic-bank-reports-€284-4m-profit-for-2024
Hellenic Bank reported a profit of €284.4 million for the first nine months of 2024, up from €240.7 million in the same period last year....
