https://knews.kathimerini.com.cy/en/news/cyprus-is-losing-its-russians-confronting-existential-questions-about-its-economy
For decades, Cyprus built an economy that courted Russians — Russian tourists, Russian investors, Russian oligarchs.
...
https://knews.kathimerini.com.cy/en/business/s-p-downgrades-rcb-places-bank-on-creditwatch-with-negative-implications
Rating Agency Standard and Poor’s downgraded RCB bank’s long-term lender rating to `B+` from `BB-` and placed its ratings on CreditWatch with negative implications,...
https://knews.kathimerini.com.cy/en/business/russian-bank-subsidiary-in-europe-collapses
While the Moscow Stock Exchange remains closed for a third straight day and the ruble is losing value inside and outside Russia, heading back to Monday's record low again, the ECB yesterday confirmed the first bankruptcy of a subsidiary in Europe caused by sanctions and massive withdrawals. ...
https://knews.kathimerini.com.cy/en/business/how-$300-billion-in-russian-money-can-shake-markets
Credit Suisse's strategic analyst Zoltan Pozsar, who shows that Russia has about $ 300 billion in foreign currency swaps abroad,...
https://knews.kathimerini.com.cy/en/business/credit-suisse-faces-money-laundering-charges-in-bulgarian-cocaine-traffickers-trial
Credit Suisse faced charges in a Swiss court on Monday for allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of it stuffed into suitcases....
https://knews.kathimerini.com.cy/en/business/interest-rates-on-corporate-deposits-are-at-a-new-low
Interest rates for corporate deposits fell to a new historical low, which in December 2021 stood at 0.02%, while the interest rate for household deposits remained unchanged at 0.06%....
https://knews.kathimerini.com.cy/en/business/cyprus-had-the-highest-stock-of-npls-in-eu-in-2020-eurostat-says
Cyprus remained the country with the highest stock of non-performing loans (assets) of the general government in 2020, according to data released by Eurostat, the statistical office of the European Union....
https://knews.kathimerini.com.cy/en/news/turkey-s-inflation-hits-a-19-year-high-of-36
Turkey’s yearly inflation climbed at the fastest pace in 19 years, jumping to 36.08% in December, official data showed on Monday....
https://knews.kathimerini.com.cy/en/news/what-s-left-for-the-turkish-cypriot-economy-after-2021
Shortly before the pandemic began, Turks and foreign analysts warned of the effects of the Erdogan government's wrong moves and decisions on the economy....
https://knews.kathimerini.com.cy/en/news/in-exodus-from-lebanon-the-well-off-find-new-home-in-cyprus
Many well-off Lebanese who escaped their country’s economic tailspin for a new life in the nearby island nation of Cyprus say the transition has been a whirlwind of emotions....
https://knews.kathimerini.com.cy/en/news/increase-in-deposits-decrease-in-loans
Deposits in November in Cyprus have increased while loans decreased, according to statistics released on Wednesday by the Central Bank....
https://knews.kathimerini.com.cy/en/news/turkish-lira-whiplashes-after-erdogan-moves-to-protect-savings
Turkey's lira rocketed back from record lows in volatile trading on Tuesday after Turkish President Tayyip Erdogan proposed measures to protect local currency savings against such swings....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-to-impose-new-and-increased-fees-from-february-15-2022
Bank of Cyprus will be imposing new and increased fees by February 2022, adopting the general trend of the European banking sector of increasing bank charges to cover a reduction of income stemming from low interest rates....
https://knews.kathimerini.com.cy/en/news/greenpeace-greek-gas-hunt-an-‘unbearable-threat-to-whales
Greenpeace on Wednesday renewed calls against proposed deep-sea oil and gas exploration off southwest Greece, warning of “unbearable” consequences to endangered Mediterranean whales and dolphins....
https://knews.kathimerini.com.cy/en/news/rise-in-consumer-loans-and-housing-purchase-in-september
New consumer loans, mortgages and new loans above €1 million increased in September compared to the previous month of this year,...
https://knews.kathimerini.com.cy/en/news/cypriot-banks-to-reduce-costs
The President of the European Banking Authority speaks to "K"...
https://knews.kathimerini.com.cy/en/news/cyprus-egypt-sign-deal-to-speed-up-electricity-grid-linkage
An undersea cable linking the electricity grids of Cyprus and Egypt could be key to helping both countries transition to a green economy ...
https://knews.kathimerini.com.cy/en/news/venus-minerals-strikes-gold-in-cyprus
Cyprus-based Venus Minerals has confirmed earlier assessments of high accumulation of gold in Troodos, following an exploratory drill in Kokkinoyia...
https://knews.kathimerini.com.cy/en/news/cyprus-top-diplomat-turkey-is-creating-new-ottoman-empire
The foreign minister of the divided island of Cyprus is accusing Turkey’s president of attempting to promote a new Ottoman empire in the eastern Mediterranean and the Middle East...
https://knews.kathimerini.com.cy/en/business/hellenic-posts-21-million-euro-profit
Hellenic Bank posted after-tax profits of €21 million for the first half of 2021....
https://knews.kathimerini.com.cy/en/news/all-eyes-on-oil-spill-response-in-cyprus
Traces of last week’s oil spill from Syria that came close to the north-eastern tip of Cyprus have been spotted further south off the coast of Cape Greco, with officials on both sides of the divided island scrambling to manage the disaster...
https://knews.kathimerini.com.cy/en/news/open-season-for-players-searching-for-gas
The Republic of Cyprus along with Greece and Israel have leased a research vessel to conduct seismic surveys in waters east and west of the island, at a time when chatter over gas exploration rounds in the region are coming back to the surface...
https://knews.kathimerini.com.cy/en/news/israel-committed-to-seeing-eastmed-through
Israel's cooperation with Egypt and the strengthening of relations with other Gulf states contribute to peace, while enabling Israel and Cyprus to work together with other friendly nations, Sammy Revel says in an interview with Kathimerini...
https://knews.kathimerini.com.cy/en/news/turkish-cypriots-choose-leader-as-cyprus-talks-reboot-looms
Turkish Cypriots vote Sunday to choose a leader who'll explore, along with Greek Cypriots, whether there's enough common ground left for a deal to end the island's decades of ethnic division....
https://knews.kathimerini.com.cy/en/news/the-eu-did-not-act-in-united-fashion-cyprus-president-tells-le-figaro
In an interview with the French daily Le Figaro published Thursday, President Nicos Anastasiades said that in responding Turkey’s actions in the eastern Mediterranean, the EU did not act in a decisive and united fashion, while refuting that Cyprus vetoed sanctions against Belarus....
https://knews.kathimerini.com.cy/en/news/east-mediterranean-states-establish-forum
The founding members of the East Mediterranean Gas Forum signed a charter during an online ceremony on Tuesday, marking the group’s organization status in seeking to promote regional cooperation...
https://knews.kathimerini.com.cy/en/comment/opinion/curtain-rising-for-citizenship-by-investment-program
The Presidency has before it four scenarios for dealing with the issue of purchased citizenships. The most likely possibility is that of suspending the investment program for a short period, as revealed by Kathimerini on Sunday....
https://knews.kathimerini.com.cy/en/news/greece-to-extend-territorial-waters-amid-dispute-with-turkey
Turkey’s president warned Greece on Wednesday not to test his country’s patience or courage as the NATO allies remained locked in a tense dispute over offshore energy exploration in the eastern Mediterranean, while Greece announced plans to extend its territorial waters along its western coastline....
https://knews.kathimerini.com.cy/en/news/1-turkish-fm-accuses-athens-of-shirking-dialogue
Turkish Foreign Minister Mevlut Cavusoglu dismissed accusations that Ankara is unwilling to seek a solution through talks with Greece, saying that the Greek prime minister needs to “look in the mirror and ask himself where he went wrong.”
...
https://knews.kathimerini.com.cy/en/news/cypriot-cabinet-approves-eastmed-pipeline
Cyprus’ cabinet on Thursday ratified a bill on the EastMed gas pipeline project, the country’s Energy Minister Giorgos Lakkotrypis said in a statement. ...
