https://knews.kathimerini.com.cy/en/news/cyprus-and-us-forge-anti-financial-crime-alliance
The Republic of Cyprus and the United States of America have announced a significant cooperation initiative aimed at enhancing the ROC's capabilities to combat illicit finance....
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.
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https://knews.kathimerini.com.cy/en/business/us-sanctions-cyprus-based-entity-for-russian-sanctions-evasion
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on Monday against thirteen entities and two individuals, including one based in Cyprus, ...
https://knews.kathimerini.com.cy/en/news/finance-minister-unveils-plan-to-end-multiple-pensions-for-mps
The government aims for a complete abolition of multiple pensions for state officials and members of parliament through a proposal encompassing two bills.
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https://knews.kathimerini.com.cy/en/news/european-commission-flags-trade-risks-for-cyprus-economy
The Cypriot economy is on a sound footing due to solid economic growth and declining inflation, but its high integration with EU and non-EU economies make geopolitical and trade tensions......
https://knews.kathimerini.com.cy/en/news/labor-minister-discusses-cost-of-living-allowance-for-cyprus
In an interview with Oriana Papantoniou, Minister of Labor and Social Insurance Yiannis Panayiotou highlighted the significant strides made during his first year in office, emphasizing a people-centric approach to governance. ...
https://knews.kathimerini.com.cy/en/news/who-will-lead-cyprus-central-bank
An intense behind-the-scenes battle is unfolding regarding the future of Cyprus' central banker as the term of the current governor, Constantinos Herodotos, draws to a close in less than 20 days....
https://knews.kathimerini.com.cy/en/news/chinese-ambassador-stresses-cooperation-for-vasiliko-lng-success
The main body of the Vassiliko LNG project could be completed at the end of 2024 or early in 2025, as long as various parties can truly work together with......
https://knews.kathimerini.com.cy/en/comment/opinion/how-rising-costs-are-changing-social-lives
Katerina P. has a job that brings in around 1,500 euros a month....
https://knews.kathimerini.com.cy/en/news/cyprus-ends-fuel-tax-break-prices-set-to-spike-from-april-1st
Starting April 1st, the reduced consumption tax on fuels (95-octane gasoline and diesel) will come to an end, reverting to 8.3 cents per liter for gasoline and 6.3 cents per liter for heating oil....
https://knews.kathimerini.com.cy/en/business/nike-replaces-adidas-as-sponsor-for-german-national-football-team
Nike has secured a landmark sponsorship deal with the German national football team, ousting Adidas from a partnership that has endured for over half a century, signaling a significant blow to the latter's brand....
https://knews.kathimerini.com.cy/en/business/goodbye-to-annual-fees-for-registered-companies
The annual fee for companies registered with the Registrar of Companies will be abolished from 2024 onwards, but the annual fees for the years 2011 to 2023 will continue to apply, the Department of the Registrar of Companies said in a statement....
https://knews.kathimerini.com.cy/en/business/responsible-today-sustainable-tomorrow-lidl-cyprus-with-an-eye-on-cyprus-of-the-future
An event dedicated to its vision for a sustainable tomorrow was held by Lidl Cyprus at the premises of the Lidl Food Academy in the centre of Nicosia on Thursday 21 March 2023, in the presence of the honourable Minister of Energy, Trade and Industry, Mr. Giorgos Papanastasiou, as well as other institutional body representatives and partners of the company, as well as representatives of the media. ...
https://knews.kathimerini.com.cy/en/news/eu-undp-collaboration-brings-arif-bey-aqueduct-back-to-life
Conservation work at the Arif Bey Aqueduct in Afania by the Technical Committee for Cultural Heritage has been completed, a project that has been fully funded by the European Union (EU) and implemented by the United Nations Development Programme (UNDP) in Cyprus....
https://knews.kathimerini.com.cy/en/news/february-s-financial-flaws-expose-16-bad-checks-€19-388-lost
In February 2024, a total of 16 bad cheques, amounting to €19,388, were issued, with 9 individuals (7 legal entities and 2 individuals) being listed in the preliminary registry of the Central Information Register (CIR) for dishonoured cheques....
https://knews.kathimerini.com.cy/en/business/cyprus-offers-€400k-boost-for-sme-s
The Commissioner for State Aid Control, Stella Michaelides, has announced her decision on a scheme aimed at supporting Small and Medium Size Enterprises (SMEs)...
https://knews.kathimerini.com.cy/en/business/cyprus-embraces-global-investment-with-its-bond-market-debut
In April 2024, the Republic of Cyprus is gearing up to enter the international bond markets, intending to issue a Euro Medium Term Note (EMTN) bond worth 1 billion euros....
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....
https://knews.kathimerini.com.cy/en/business/tourist-arrivals-rise-by-5-in-february
Tourist arrivals in Cyprus saw a notable uptick in February 2024 compared to the same period in the previous year, according to data released by the Cyprus Statistical Service on Tuesday. The total number of arrivals reached 125,034, marking a 5% increase from February 2023's figure of 119,081....
https://knews.kathimerini.com.cy/en/news/cyprus-invests-€3-2m-in-50-green-kiosks
Today, Cyprus marked a significant step forward in its environmental efforts with the signing of a contract for the supply and installation of 50 prefabricated Green Kiosks across its mountainous and remote regions.
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https://knews.kathimerini.com.cy/en/business/cyprus-labor-costs-surge-5-4
In the 4th quarter of 2023, the hourly labour costs (total cost) increased by 5.4%, compared with the same quarter of the previous year, according to provisional data, published by the Statistical Service on Tuesday....
https://knews.kathimerini.com.cy/en/business/cyprus-defense-industry-poised-for-growth
In an interview conducted by Kathimerini reporter Andreas Karamitas, Dr. Tasos Kounoudis, President of the Cyprus Association of Research and Innovation Enterprises (CRAI), provided significant insights into the European Union's investment in the defense industry and its implications for Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-and-eu-allies-forge-€7-4b-deal-with-egypt-to-transform-energy-landscape
European Union and Egyptian leaders joined forces on Sunday to sign a substantial €7.4 billion financial package aimed at bolstering Egypt's economy, enhancing energy trade with Europe, and addressing irregular migrant flows....
https://knews.kathimerini.com.cy/en/business/greek-and-cypriot-banks-forge-partnerships-for-regional-infrastructure-projects
The Cypriot banking sector is poised to support significant projects with regional geopolitical implications....
https://knews.kathimerini.com.cy/en/news/cypriots-feel-downbeat-amid-global-events
A recent survey conducted by the Cyprus Association of Opinion Poll and Market Research Enterprises (SEDEAK) has revealed a prevailing sense of pessimism among Cypriots regarding the future of Cyprus...
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....
https://knews.kathimerini.com.cy/en/news/eu-simplifies-work-permit-rules-for-third-country-nationals
The European Parliament recently voted on new rules for non-EU citizens who want to work and live in the EU. These rules aim to simplify the process of obtaining a work and residence permit....
https://knews.kathimerini.com.cy/en/news/eurobank-expands-to-india-via-cyprus
Eurobank, a leading Greek financial institution, is poised to establish a representative office in Mumbai, India's bustling financial hub, signaling its strategic foray into the Indian market. ...
https://knews.kathimerini.com.cy/en/news/over-100m-euros-has-passed-through-cyprus-customs
The Customs Department, along with the MOKAS and the Police, addressed the issue of money laundering controls in the Republic of Cyprus during a session held today by the Parliamentary Institutions Committee....
https://knews.kathimerini.com.cy/en/news/cyprus-paves-the-way-in-its-ambitious-road-infrastructure-agenda
In an exclusive interview with Maria Eracleous of ''K,'' Eleftherios Eleftheriou, Director of Cyprus's Public Works Department, provided updates on critical infrastructure projects across the island nation....
