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12° Nicosia,
28 March, 2024
 

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Displaying results 1-30 of 1187 matches for query December.

1. Russian oil payments delayed amid sanctions scrutiny

https://knews.kathimerini.com.cy/en/news/russian-oil-payments-delayed-amid-sanctions-scrutiny

Russian oil companies are facing significant delays in receiving payments for crude and fuel as banks in China, Turkey, and the United Arab Emirates (UAE) exercise increased caution over potential U.S. secondary sanctions, according to eight sources familiar with the matter....

2. Cyprus grapples with €80 million surge in state budget deficit for 2023

https://knews.kathimerini.com.cy/en/news/cyprus-grapples-with-€80-million-surge-in-state-budget-deficit-for-2023

The state budget deficit for 2023 increased by €80 million compared to the deficit recorded in 2022, according to the Fiscal Report of the Republic of Cyprus for 2023, submitted to the House of Representatives....

3. Struggles amidst renovation on Makarios Avenue

https://knews.kathimerini.com.cy/en/comment/opinion/struggles-amidst-renovation-on-makarios-avenue

I've heard that two stores of a well-known chain recently closed down on Makarios Avenue, namely Etam and Undiz. While these brands thrive in malls and other cities, they seem to struggle in the heart of Nicosia....

4. Cyprus' economic resilience earns high credit rating confirmation

https://knews.kathimerini.com.cy/en/news/cyprus-economic-resilience-earns-high-credit-rating-confirmation

International rating agency Morningstar DBRS has confirmed Cyprus’ BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks. ...

5. Winter 2024 brings 17% boost in energy production

https://knews.kathimerini.com.cy/en/news/winter-2024-brings-17-boost-in-energy-production

Energean recorded new production growth in the first two months of 2024. Specifically, the company said in a statement that from 123 thousand......

6. What are they afraid of?

https://knews.kathimerini.com.cy/en/comment/opinion/what-are-they-afraid-of

Transparency is not merely a good thing; it is essential. However, with the exception of one, credit buyout companies seem unwilling to disclose their financial results, keeping them shrouded in secrecy....

7. KEDIPES successfully sells €58.4M portfolio to reduce debt

https://knews.kathimerini.com.cy/en/business/kedipes-successfully-sells-€58-4m-portfolio-to-reduce-debt

The Cyprus Asset Management Company (KEDIPES) announced Thursday the successful completion of a sale of performing and restructured loan portfolios to Bank of Cyprus Public Company Limited, with a combined gross book value of €58.4 million as of December 31, 2022....

8. Greek Prime Minister plans May trip to Ankara for bilateral talks

https://knews.kathimerini.com.cy/en/news/greek-prime-minister-plans-may-trip-to-ankara-for-bilateral-talks

Greek Prime Minister Kyriakos Mitsotakis indicated on Tuesday that he is planning a trip to Ankara in May, hailing what he said was a “sincere desire” from the Turkish side to “bridge tensions” with Greece....

9. Gray whale spotted off Nantucket Coast after 200 years

https://knews.kathimerini.com.cy/en/news/gray-whale-spotted-off-nantucket-coast-after-200-years

Scientists from the New England Aquarium (NEA) made an extraordinary discovery while flying near Nantucket on Friday....

10. Eurobank Cyprus reports €199.4M profits in 2023

https://knews.kathimerini.com.cy/en/news/eurobank-cyprus-reports-€199-4m-profits-in-2023

Eurobank Cyprus unveiled its financial results for 2023, boasting a profit of €199.4 million, marking a significant increase of €105.1 million or 111% compared to 2022. ...

11. ECB considers rate cut despite falling inflation

https://knews.kathimerini.com.cy/en/news/ecb-considers-rate-cut-despite-falling-inflation

The European Central Bank is set to keep interest rates at record highs on Thursday and take baby steps towards cutting them in the coming months as inflation continues to fall despite stubbornly high underlying price pressures....

12. KEDIPES preps for major loan sell-off, boosting Cyprus banks

https://knews.kathimerini.com.cy/en/news/kedipes-preps-for-major-loan-sell-off-boosting-cyprus-banks

In a strategic move to streamline its assets, KEDIPES is gearing up to offload a second batch of performing loans, hot on the heels of its €58 million deal with the Bank of Cyprus....

13. Job market improves and industrial sector grows

https://knews.kathimerini.com.cy/en/news/job-market-improves-and-industrial-sector-grows

In good news for Cyprus, the latest data from the Cyprus Statistical Service (CyStat) reveals a positive trend in the job market. In February 2024, the number of people registering as unemployed dropped by 13.8%...

14. National Guard's death raises questions on Cyprus justice system

https://knews.kathimerini.com.cy/en/news/national-guard-s-death-raises-questions-on-cyprus-justice-system

Revelations surrounding the death of National Guardsman Thanasis Nicolaou, emerging years after the incident, have sparked both sensation and concern about the functioning of the criminal justice system in Cyprus. ...

15. FIA President investigated for alleged manipulation in F1 Grand Prix

https://knews.kathimerini.com.cy/en/news/fia-president-investigated-for-alleged-manipulation-in-f1-grand-prix

Whistleblower claims Ben Sulayem intervened to overturn penalty for Aston Martin's Fernando Alonso at the 2023 Saudi Arabian Grand Prix, raising concerns about fairness in the race outcome....

16. Deposit rates down, mortgage rates up

https://knews.kathimerini.com.cy/en/news/deposit-rates-down-mortgage-rates-up

Deposit interest rates dropped in January, whereas lending rates rose except interest rates for consumer lending, according to data published by the Central Bank of Cyprus....

17. Central Bank predicts 2.2% GDP growth in 2023

https://knews.kathimerini.com.cy/en/news/central-bank-predicts-2-2-gdp-growth-in-2023

The Central Bank of Cyprus (CBC) expects GDP growth of 2.2% in 2023, compared to significant growth of 5.1% in 2022, while for the years 2024-26 it expects GDP growth of 2.6%, 3.1% and 3.2%, respectively....

18. Cyprus takes a backseat as the EU initiates gift-giving to Turkey

https://knews.kathimerini.com.cy/en/news/cyprus-takes-a-backseat-as-the-eu-initiates-gift-giving-to-turkey

In today's Sunday edition of Kathimerini, journalist Pavlos Xanthoulis delves into the intricate diplomatic maneuvers and decisions made by Nicos Christodoulides' government in response to the Borel/Commission document on EU-Turkey ...

19. Britain under fire as Russia steps up for Cyprus peace talks

https://knews.kathimerini.com.cy/en/news/britain-under-fire-as-russia-steps-up-for-cyprus-peace-talks

Russian Foreign Ministry Spokeswoman Maria Zakharova referred on Wednesday to the 65th anniversary of the Zurich-London Agreements......

20. Olive oil prices spike 49% in Cyprus

https://knews.kathimerini.com.cy/en/news/olive-oil-prices-spike-49-in-cyprus

In January 2024, the price of olive oil experienced a significant surge, with Cyprus leading the pack with a remarkable 49% increase, according to data released by Eurostat, the EU's statistical office. ...

21. Cypriots saving less as loan numbers fluctuate

https://knews.kathimerini.com.cy/en/news/cypriots-saving-less-as-loan-numbers-fluctuate

In January 2024, the total deposits in Cyprus reached €51.9 billion, experiencing a net decrease of €366.0 million compared to the previous month....

22. US airman dies after setting himself on fire in Israeli Embassy protest

https://knews.kathimerini.com.cy/en/news/us-airman-dies-after-setting-himself-on-fire-in-israeli-embassy-protest

A 25-year-old active-duty member of the United States Air Force, Aaron Bushnell, set himself on fire outside the Israeli embassy in Washington, DC, in an apparent act of protest against Israel's actions in Gaza. ...

23. Putin's blackmail fails to halt green transition

https://knews.kathimerini.com.cy/en/news/putin-s-blackmail-fails-to-halt-green-transition

Ursula von der Leyen, the president of the European Commission, stated on Tuesday that Vladimir Putin's attempts at "blackmail" have backfired, hastening the EU's shift toward green energy. ...

24. Pillar two readiness and technology

https://knews.kathimerini.com.cy/en/business/pillar-two-readiness-and-technology

As per our previous publications and alerts, we had the opportunity to communicate a significant development - the introduction of BEPS 2.0 Pillar Two or Global Minimum Tax. The European Union unanimously adopted a directive in December 2022 (the ''Minimum Tax Directive''). ...

25. Hellenic Bank posts impressive 2023 profit of €365.4 million

https://knews.kathimerini.com.cy/en/business/hellenic-bank-posts-impressive-2023-profit-of-€365-4-million

Hellenic Bank reported a substantial profit of €365.4 million for the year 2023, marking a significant upswing from €21.8 million in 2022. The Return on Tangible Equity (ROTE) for 2023 soared to 28.7%, a stark contrast to the 2.0% recorded in 2022....

26. EC approves interest subsidy scheme for housing loans

https://knews.kathimerini.com.cy/en/news/ec-approves-interest-subsidy-scheme-for-housing-loans

In a significant development, the European Commission's DG Competition has approved an interest subsidy scheme aimed at housing loans in Cyprus....

27. Bank of Cyprus posts nearly half a billion euro profit in 2023

https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-posts-nearly-half-a-billion-euro-profit-in-2023

Bank of Cyprus reported a robust profit of €487 million for the fiscal year 2023, as announced by Group CEO Panicos Nikolaou during the presentation of the bank's financial results....

28. Russian opposition leader Alexey Navalny dies in Arctic prison

https://knews.kathimerini.com.cy/en/news/russian-opposition-leader-alexey-navalny-dies-in-arctic-prison

In a shocking development, Alexey Navalny, the prominent Russian opposition leader and fierce critic of President Vladimir Putin, has died at the age of 47, according to the Russian prison service. ...

29. Excavations for missing Cypriots underway

https://knews.kathimerini.com.cy/en/news/excavations-for-missing-cypriots-underway

Excavations are currently carried out by the Committee on missing persons (CMP) at seven sites in the areas under control of the Republic of Cyprus and the occupied areas to locate remains of missing Greek Cypriots and Turkish Cypriots....

30. Paphos mayor alleges ETEK negligence in SAPA fallout

https://knews.kathimerini.com.cy/en/news/paphos-mayor-alleges-etek-negligence-in-sapa-fallout

Fresh revelations have emerged in the ongoing SAPA scandal following intense scrutiny in the Parliamentary Committee on Institutions....

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