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12° Nicosia,
06 December, 2024
 

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Displaying results 1-30 of 1255 matches for query Finance.

1.  Debate intensifies over proposed 5% tax on bank profits in Cyprus

https://knews.kathimerini.com.cy/en/news/debate-intensifies-over-proposed-5-tax-on-bank-profits-in-cyprus

According to a report by Panayiotis Rougalas in today's 'Oikonomiki', a controversial proposal to introduce a 5% tax on bank profits in Cyprus is racing against time to be debated in Parliament before the Christmas recess....

2. Intrakat’s €1 million debt to Cypriot subcontractors sparks legal action

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....

3. Cyprus strengthens military strategy with focus on US armaments

https://knews.kathimerini.com.cy/en/news/cyprus-strengthens-military-strategy-with-focus-on-us-armaments

Cyprus has been making strategic shifts in its military and diplomatic approach, particularly with regard to its relationship with NATO and its defense infrastructure, according to an article by Apostolos Tomaras in this Sunday's Kathimerini. ...

4. Vatican faces pension crisis despite its wealth

https://knews.kathimerini.com.cy/en/news/vatican-faces-pension-crisis-despite-its-wealth

Pope Francis made a surprising announcement this week, revealing that the Vatican's pension fund is in serious trouble and might not be able to pay pensions in the future unless big changes are made....

5. Petrolina acquires Esso in Cyprus for €48.6 million

https://knews.kathimerini.com.cy/en/business/petrolina-acquires-esso-in-cyprus-for-€48-6-million

Petrolina (Holdings) Public Limited (PHL) has successfully acquired ExxonMobil Cyprus Limited (EMCL), the company behind the Esso brand in Cyprus, for €48.6 million. ...

6. EIB President Nadia Calviño to visit Cyprus for talks and office opening

https://knews.kathimerini.com.cy/en/business/eib-president-nadia-calvino-to-visit-cyprus-for-talks-and-office-opening

Nadia Calviño, the President of the European Investment Bank (EIB), is set to make her first official visit to Cyprus on Friday, November 22, where she will open the new EIB Group office and hold talks with Cypriot leaders....

7. Rising food prices leave Cypriot households struggling

https://knews.kathimerini.com.cy/en/news/rising-food-prices-leave-cypriot-households-struggling

A recent survey reveals that consumers in Cyprus are increasingly worried about their financial future, as rising food costs and economic challenges weigh heavily on households....

8. K. Treppides & Co Ltd Director George P. Nicolaou Honored with Young Dragon Awards Nomination

https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-director-george-p-nicolaou-honored-with-young-dragon-awards-nomination

The nomination of George P. Nicolaou, director at K. Treppides & Co Ltd, for the prestigious Young Dragon Awards marks a significant milestone for both him and the company....

9. BOC finalizes sale of troubled loans to boost stability and growth

https://knews.kathimerini.com.cy/en/news/boc-finalizes-sale-of-troubled-loans-to-boost-stability-and-growth

In September 2024, the Bank of Cyprus reached a deal with funds linked to Cerberus Global Investments B.V. to sell a portfolio of non-performing loans—primarily business loans backed by collateral. ...

10. Frederick University to offer workshop on the CSRD and the impact of ESG on corporate risk and financing

https://knews.kathimerini.com.cy/en/news/frederick-university-to-offer-workshop-on-the-csrd-and-the-impact-of-esg-on-corporate-risk-and-financing

Frederick University's Department of Business Administration and the Centre for Research in Entrepreneurship, Finance, and Strategy (CERFS) are organizing a workshop on the Corporate Sustainability Reporting Directive (CSRD) and the impact of ESG (Environmental, Social, and Governance) on corporate risk and financing which will be held on Wednesday, November 27th, from 16:00 to 19:00, at Frederick University in Nicosia (Seminar Room 1 - 1st floor - 7, Y. Frederickou str., Pallouriotissa)....

11. Staff shortages stall local government reform in Cyprus

https://knews.kathimerini.com.cy/en/news/staff-shortages-stall-local-government-reform-in-cyprus

According to Kathimerini's Pavlos Neophytou, the implementation of Local Government Reform in Cyprus faces critical staffing and operational challenges, especially in development licensing within Provincial Local Authorities (PLAs). ...

12. Was Trump really the only option for the working class in 2024?

https://knews.kathimerini.com.cy/en/comment/opinion/was-trump-really-the-only-option-for-the-working-class-in-2024

What makes a political comeback genuinely remarkable? Is it policy, charm, or a connection to the people? ...

13. Larnaca and Paphos airports to handle 17.5 million passengers annually

https://knews.kathimerini.com.cy/en/news/larnaca-and-paphos-airports-to-handle-17-5-million-passengers-annually

The deal to hand over Larnaca and Paphos airports to Hermes Airports Ltd is nearly sealed, as the company moves toward......

14. Germany faces uncertainty as Scholz fires finance minister

https://knews.kathimerini.com.cy/en/news/germany-faces-uncertainty-as-scholz-fires-finance-minister

Germany’s governing coalition faces a major crisis amid economic challenges and mounting political strife, as Chancellor Olaf Scholz dismissed Finance Minister Christian Lindner and announced he will seek a parliamentary vote of confidence on January 15. If Scholz fails to secure support, Germany could see elections as early as March....

15. Keravnos: Trump administration offers promising prospects for US-Cyprus relations

https://knews.kathimerini.com.cy/en/news/keravnos-trump-administration-offers-promising-prospects-for-us-cyprus-relations

Cyprus’ Finance Minister, Makis Keravnos, kept a close eye on the outcome of the U.S. elections, which saw Donald Trump elected as the 47th president of the United States....

16. Transport Ministry inaugurates new motorway that will ease traffic

https://knews.kathimerini.com.cy/en/news/transport-ministry-inaugurates-new-motorway-that-will-ease-traffic

According to Kathimerini's Dorita Yiannakou, Cyprus marked a milestone in its transportation network Tuesday with the inauguration of the Nicosia peripheral motorway’s first phase, a project intended to ease congestion, enhance safety, and facilitate trade across the island....

17. Understanding Consumer Decision-Making: An LCI Masterclass at UNIC

https://knews.kathimerini.com.cy/en/news/understanding-consumer-decision-making-an-lci-masterclass-at-unic

The University of Nicosia is offering a masterclass titled "Get In Your Customer’s Mind," as part of its "Life Changing Ideas" executive training series. This session, led by Dr. Pantelis Solomon, delves into consumer psychology and decision-making....

18. Cyprus faces 2024 deadline to align with EU regulations on foreign investments

https://knews.kathimerini.com.cy/en/news/cyprus-faces-2024-deadline-to-align-with-eu-regulations-on-foreign-investments

Cyprus faces a deadline by the end of 2024 to align with the European regulation governing large foreign investments....

19. TGI Fridays files for bankruptcy to keep brand afloat

https://knews.kathimerini.com.cy/en/business/tgi-fridays-files-for-bankruptcy-to-keep-brand-afloat

TGI Fridays, the American casual dining brand famous for its lively atmosphere and happy-hour tradition, has filed for Chapter 11 bankruptcy protection as it grapples with the lingering impacts of the COVID-19 pandemic....

20. Cyprus government revisits foreign investment control amid hospital takeovers

https://knews.kathimerini.com.cy/en/business/cyprus-government-revisits-foreign-investment-control-amid-hospital-takeovers

The foreign investment control (FDI) bill, often referred to as the ''Lonestar'' bill, has resurfaced in Cyprus, prompting fresh discussions about foreign ownership of critical sectors, according to a report by Panayiotis Rougalas in this Sunday's Kathimerini. ...

21. Cyprus repays over €1B in debt, easing financial strain

https://knews.kathimerini.com.cy/en/news/cyprus-repays-over-€1b-in-debt-easing-financial-strain

Cyprus made strides in paying down its debt in the second quarter of 2024, settling over €1 billion in bonds and loans....

22. Banks see boost from ECB rate cuts

https://knews.kathimerini.com.cy/en/news/banks-see-boost-from-ecb-rate-cuts

The Association of the Cyprus Banks (ACB) said on Thursday that it sees further progress in the economy, driven by the reduction of interest rates......

23. Cyprus gains investor confidence as economic reforms and US ties bolster growth

https://knews.kathimerini.com.cy/en/news/cyprus-gains-investor-confidence-as-economic-reforms-us-ties-bolster-growth

International investors have shown sustained confidence in Cyprus’ economy and business ecosystem, recognizing the country as a stabilizing force in the region......

24. Greek retailer Praktiker Hellas considers Cyprus expansion

https://knews.kathimerini.com.cy/en/business/greek-retailer-praktiker-hellas-considers-cyprus-expansion

The Greek home improvement chain Praktiker Hellas is exploring a potential expansion into Cyprus, according to Kathimerini's Dorita Yiannakou....

25. Government announces new measures to help vulnerable households

https://knews.kathimerini.com.cy/en/news/government-announces-new-measures-to-help-vulnerable-households

In a bid to ease energy expenses for vulnerable groups and promote sustainable housing solutions, the Cabinet approved a set of medium-term measures during its meeting on Tuesday, chaired by President Nicos Christodoulides....

26. Cyprus to launch 'National Sanctions Unit'

https://knews.kathimerini.com.cy/en/business/cyprus-to-launch-national-sanctions-unit

Cyprus is set to establish a new National Sanctions Implementation Unit (NSIU) in the coming year, aiming to improve how financial sanctions are enforced in the country....

27. New EU rules open Cyprus's troubled loan market to foreign investors

https://knews.kathimerini.com.cy/en/news/new-eu-rules-open-cyprus-s-troubled-loan-market-to-foreign-investors

In a move that could reshape Cyprus's financial landscape, Parliament recently passed a European Directive that makes it easier for foreign investors to buy non-performing loans (NPLs) in the country....

28. Cyprus finance chief moved amid questions over government transparency

https://knews.kathimerini.com.cy/en/news/cyprus-finance-chief-moved-amid-questions-over-government-transparency

Papnayiotis Rougalas reports in this Sunday's Kathimerini that the Council of Ministers of Cyprus announced a significant reshuffle on Thursday,...

29. Germany: €60 billion budget shortfall rocks Europe's largest economy

https://knews.kathimerini.com.cy/en/news/germany-€60-billion-budget-shortfall-rocks-europe-s-largest-economy

Germany’s tax revenues are projected to fall nearly €60 billion short of earlier expectations over the next five years, intensifying budget challenges for Chancellor Olaf Scholz’s government and straining the already fragile three-party coalition....

30. The New Era of Accounting Services: A Complete Solution for CFOs

https://knews.kathimerini.com.cy/en/news/the-new-era-of-accounting-services-a-complete-solution-for-cfos

Comprehensive Solutions for CFOs in the Modern Accounting Landscape, in the fast-paced business world of today, strategic financial management has become increasingly critical....

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