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12° Nicosia,
22 July, 2024
 

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Displaying results 1-30 of 1165 matches for query Finance.

1. Chamber of Commerce warns of risks from Cyprus’ 1.5% wage hike

https://knews.kathimerini.com.cy/en/news/chamber-of-commerce-warns-of-risks-from-cyprus-1-5-wage-hike

The Cyprus Chamber of Commerce and Industry (CCCI) has expressed concern over a new agreement between the Ministry of Finance and public sector unions to grant a 1.5% general wage increase starting in October 2024....

2. Cyprus civil servants to receive pay raises after 15-year freeze

https://knews.kathimerini.com.cy/en/news/cyprus-civil-servants-to-receive-pay-raises-after-15-year-freeze

PASYDY, the public sector union, announced its approval of a new agreement with the Ministry of Finance to grant pay raises to civil servants beginning October 1, 2024. The deal was reached during today's Joint Staff Committee meeting....

3. No progress on Cyprus-Greece electricity interconnection project

https://knews.kathimerini.com.cy/en/business/no-progress-on-cyprus-greece-electricity-interconnection-project

No progress was made on the Cyprus side's position regarding the Crete-Cyprus electricity interconnection project during yesterday's teleconference, initiated by the European Commission and involving stakeholders from Greece and Cyprus....

4. Cyprus joins European effort to combat desertification in rural areas

https://knews.kathimerini.com.cy/en/news/cyprus-joins-european-effort-to-combat-desertification-in-rural-areas

Cyprus participates in a new project aimed at combating desertification in rural areas of Southern Europe and Northern Africa, the Cyprus Institute said in an announcement on Thursday....

5. ECB concerned over Cypriot bank profit tax proposal

https://knews.kathimerini.com.cy/en/news/ecb-concerned-over-cypriot-bank-profit-tax-proposal

In 2023, Cypriot banks reported unprecedented profits, marking a 15-year high, with projections suggesting even greater earnings in 2024....

6. Fitch elevates Hellenic Bank’s credit rating

https://knews.kathimerini.com.cy/en/news/fitch-elevates-hellenic-bank-s-credit-rating

Fitch Ratings has upgraded Hellenic Bank's Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+', with stable outlook and its Viability Rating (VR) to 'bbb-' from 'bb+'. ...

7. Great Sea Interconnector study outlines benefits July 11

https://knews.kathimerini.com.cy/en/news/great-seat-interconnector-study-outlines-benefits-july-11

The Greek Regulatory Authority for Energy (RAAEU) has made a significant decision regarding the methodology for calculating the regulated revenue......

8. Banks contribute over €854M in taxes amid controversy over proposed levy

https://knews.kathimerini.com.cy/en/news/banks-contribute-over-€854m-in-taxes-amid-controversy-over-proposed-levy

In the last seven years (2017-2023), Cypriot banks have collectively paid more than €854 million in income tax, special taxes, and VAT, according to a report by Panayiotis Rouglas in last Sunday's Kathimerini....

9. Pancyprian Amateur Theatre Festival returns to Cyprus this October

https://knews.kathimerini.com.cy/en/news/pancyprian-amateur-theatre-festival-returns-to-cyprus-this-october

The Cyprus Theatre Organisation has announced the 37th Pancyprian Amateur Theatre Festival 2024, aiming to strengthen, promote, and support amateur theatre across Cyprus....

10. ICT sector powers Cyprus' economic growth

https://knews.kathimerini.com.cy/en/news/ict-sector-powers-cyprus-economic-growth

Almost all of the productivity growth in Cyprus' economy over the past three years can be attributed to the Information and Communication Technology......

11. EIB to open local office in Cyprus

https://knews.kathimerini.com.cy/en/news/eib-to-open-local-office-in-cyprus

The Ministry of Finance announced the opening of a local office of the European Investment Bank (EIB) in Cyprus, highlighting the significant benefits it will bring to the country....

12. Government extends subsidies to ease cost of living crisis

https://knews.kathimerini.com.cy/en/news/government-extends-subsidies-to-ease-cost-of-living-crisis

The Cabinet approved a proposal on Wednesday by Finance Minister Makis Keravnos to extend measures aimed at compensating for the living costs of Cypriot households. Government Spokesperson Konstantinos Letymbiotis announced the decision following the Cabinet meeting....

13. Cyprus to sell €1 billion bond after improved credit ratings

https://knews.kathimerini.com.cy/en/news/cyprus-to-sell-1-billion-bond-after-improved-credit-ratings

The Republic of Cyprus is expediting its return to the financial markets, seeking to leverage recent credit rating upgrades by Fitch and Standard & Poor's......

14. Cyprus eyes market return with ten-year bond

https://knews.kathimerini.com.cy/en/news/cyprus-eyes-market-return-with-ten-year-bond

Cyprus is gearing up to re-enter the financial markets in the near future to capitalize on the recent positive momentum bolstering its economy....

15. Netanyahu dissolves war cabinet amid Gantz's exit

https://knews.kathimerini.com.cy/en/news/netanyahu-dissolves-war-cabinet-amid-gantz-s-exit

Israeli Prime Minister Benjamin Netanyahu has dissolved the six-member war cabinet following the exit of centrist former general Benny Gantz from the government, an Israeli official said Monday. ...

16. Cyprus plans €3.1B climate investment by 2030

https://knews.kathimerini.com.cy/en/news/cyprus-plans-€3-1b-climate-investment-by-2030

Cyprus’ total investment on climate change in both EU and public funds as well as private investments are estimated to amount to €3.1 billion by 2030, the Finance Ministry has said....

17. Auditor General's dismissal hearing begins

https://knews.kathimerini.com.cy/en/news/auditor-general-s-dismissal-hearing-begins

The hearing for the dismissal of the Auditor General of the Republic, Odysseus Michaelides, begins today, Wednesday, June 12. Attorney General George Savvidis will be the first witness to testify....

18. Cyprus faces market uncertainties as exit plans delayed again

https://knews.kathimerini.com.cy/en/business/cyprus-faces-market-uncertainties-as-exit-plans-delayed-again

According to report by Panayiotis Rougalas in today's Oikonomiki, Cyprus faces a challenging time as it navigates plans to exit the financial markets. ...

19. Eurobank boosts stake in Hellenic Bank with over 500,000 shares

https://knews.kathimerini.com.cy/en/business/eurobank-boosts-stake-in-hellenic-bank-with-over-500-000-shares

Eurobank has acquired 503,934 more shares in Hellenic Bank, for the cost of €1.29 mn, increasing its share at 55.42%....

20. Independents and far-right candidates gain seats in EU parliament

https://knews.kathimerini.com.cy/en/news/independents-and-far-right-candidates-gain-seats-in-eu-parliament

In a historic turn of events, Cyprus witnessed significant changes in its representation in the European Parliament as results from the June 9th election rolled in....

21. Cyprus prepares for major local government reform

https://knews.kathimerini.com.cy/en/news/cyprus-prepares-for-major-local-government-reform

The June 9 elections mark the final step before the significant milestone on July 1, 2024, when a new local government structure will be established in Cyprus, Apostolos Tomaras reports. ...

22. Fitch upgrades Cyprus to 'BBB+'

https://knews.kathimerini.com.cy/en/business/fitch-upgrades-cyprus-to-bbb

Fitch Ratings has upgraded Cyprus' Long-Term Foreign Currency Issuer Default Rating from 'BBB' to 'BBB+' with a positive outlook....

23. Keravnos continues to call on banks to slash interest rates

https://knews.kathimerini.com.cy/en/news/keravnos-continues-to-call-on-banks-to-slash-interest-rates

Finance Minister, Makis Keravnos, called on local banks to slash interest rates, emphasizing the urgency for change in the financial landscape. Keravnos's remarks come just before the European Central Bank's Governing Council convenes,...

24. Israeli settler defies US sanctions, gains community aid to access frozen funds

https://knews.kathimerini.com.cy/en/news/israeli-settler-defies-us-sanctions-gains-community-aid-to-access-frozen-funds

For weeks after being sanctioned by the United States, Yinon Levi struggled to pay the bills, living at his farming outpost atop a hill in the occupied West Bank. But the Israeli settler’s problems didn’t last....

25. Cyprus's electricity outlook brightens with ''Great Sea Interconnector''

https://knews.kathimerini.com.cy/en/business/cyprus-s-electricity-outlook-brightens-with-great-sea-interconnector

The presentation of the "Great Sea Interconnector" electricity cable viability study by ADMIE's leadership in Nicosia has reportedly left a positive impression...

26. Electricity interconnector could save households up to €400

https://knews.kathimerini.com.cy/en/business/electricity-interconnector-could-save-households-up-to-€400

The Great Sea interconnector, a €1.9 billion subsea cable linking the electricity grids of Cyprus and Greece, promises significant savings for Cypriot households. ...

27. Government rejects FTI Group's bailout plea, leading to bankruptcy

https://knews.kathimerini.com.cy/en/news/government-rejects-fti-group-s-bailout-plea-leading-to-bankruptcy

FTI Group, Europe’s third-largest travel provider, declared bankruptcy today following unsuccessful negotiations with the federal government, impacting 11,000 employees and tens of thousands of travelers currently on holiday or with future bookings....

28. Dueling visions from Nicosia's mayoral candidates

https://knews.kathimerini.com.cy/en/news/dueling-visions-from-nicosia-s-mayoral-candidates

In the bustling streets of Nicosia, the race for mayoral office is heating up, with candidates Nikos Tornaritis and Charalambos Prountzos vying for the helm of Cyprus's capital city...

29. Government seeks new investor for Larnaca port

https://knews.kathimerini.com.cy/en/news/government-seeks-new-investor-for-larnaca-port

After prolonged negotiations, the government has reached a resolution with the consortium tasked with revamping the port and marina of Larnaca......

30. Qatari Emir and Cyprus president discuss investment prospects

https://knews.kathimerini.com.cy/en/news/qatari-emir-and-cyprus-president-discuss-investment-prospects

The President of the Republic of Cyprus, Nikos Christodoulides, and the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, have expressed their mutual commitment to enhancing bilateral relations during the Emir's first official visit to Cyprus....

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