https://knews.kathimerini.com.cy/en/news/cypriot-bank-officials-to-present-aml-progress-in-u-s
Top officials from four major Cypriot banks are headed to the U.S. on Sept. 16 to present updates on their progress in anti-money laundering (AML) efforts, sanctions enforcement, and foreign account management. ...
https://knews.kathimerini.com.cy/en/business/tuesday-is-cyprus-last-chance-to-end-its-energy-isolation
A crucial meeting in Nicosia on Tuesday hopes to resolve months of tensions surrounding the Israel-Cyprus-Crete electricity interconnection project, a key energy link between Europe and the Mediterranean....
https://knews.kathimerini.com.cy/en/news/cyprus-greece-electricity-project-meeting-set-for-tuesday
A meeting scheduled for next Tuesday on the Cyprus-Greece electricity interconnection project is considered crucial by all parties involved, government spokesman Konstantinos Letymbiotis said Friday....
https://knews.kathimerini.com.cy/en/life/nicosia-launches-free-accelerator-program-for-creative-businesses
The Nicosia Municipality is offering a free, two-month business accelerator program designed for individuals, groups, and existing businesses in the creative and cultural sectors. ...
https://knews.kathimerini.com.cy/en/news/i-read-it-on-the-internet
The other day, a colleague at work shared his thoughts with me about the so-called ''woke agenda.'' He argued that it actually serves ''the economic interests of powerful multinationals.''...
https://knews.kathimerini.com.cy/en/business/brexit-leads-to-sharp-decline-in-eu-students-at-uk-universities
The number of students from the European Union enrolling in British universities has dropped sharply since Brexit, new figures show. There are fewer students from Italy, Germany, and France coming to study in the UK....
https://knews.kathimerini.com.cy/en/news/boc-fintech-hackathon-5-0-where-the-fintech-nation-begins
The Bank of Cyprus is organizing the 5th BoC Fintech Hackathon 5.0, focused on innovative technologies in the financial sector (Fintech), on October 18-20, 2024. It will be held in person at the IDEA Innovation Center....
https://knews.kathimerini.com.cy/en/news/parliament-in-turmoil-over-great-sea-interconnector
Cyprus is facing significant political upheaval over the Great Sea Interconnector, a major project intended to bring affordable electricity to the island. With the decision deadline looming tomorrow, there is still no scheduled Cabinet meeting to finalize the issue....
https://knews.kathimerini.com.cy/en/business/additional-benefits-for-new-parents-at-lidl-cyprus
As of July 1, 2024, Lidl Cyprus proceeded with additional benefits for the new parents working for its group. ...
https://knews.kathimerini.com.cy/en/news/cabinet-to-make-final-call-on-power-link-funding-today
The Cyprus Cabinet is meeting today to finalize decisions on the financing of the Cyprus-Greece electricity interconnection project, known as the Great Set Interconnector. ...
https://knews.kathimerini.com.cy/en/news/australia-gives-workers-the-right-to-ignore-after-hours-work-messages
Australia has implemented a new ''right to disconnect'' law, allowing employees to ignore work calls and messages after hours without fear of repercussions. The law aims to protect workers from the expectation of being always available...
https://knews.kathimerini.com.cy/en/news/christodoulides-backs-eurobank-s-big-move-into-india
President Nikos Christodoulides has shown strong support for Eurobank’s plan to expand into India, seeing it as a significant chance to boost business ties between Cyprus and one of the world's largest economies....
https://knews.kathimerini.com.cy/en/business/aegean-announces-a-€25m-investment-in-volotea
Aegean Airlines S.A. (''AEGEAN'') is pleased to announce an investment of €25M in Volotea S.L., one of Europe’s leading low-cost carriers based in Barcelona, Spain....
https://knews.kathimerini.com.cy/en/news/cyprus-sees-higher-borrowing-costs-lower-deposit-rates-in-july
Interest rates on consumer loans and mortgages in Cyprus increased in July, according to the Central Bank of Cyprus (CBC). The rate for consumer credit climbed to 6.67% from 6.18% in June, while the rate for home loans rose to 4.59% from 4.52%....
https://knews.kathimerini.com.cy/en/news/cyprus-greece-break-deadlock-crete-cyprus-power-link
Officials from Cyprus and Greece have reached an agreement in principle to resolve the impasse over the Crete-Cyprus electricity interconnection project....
https://knews.kathimerini.com.cy/en/business/hellenic-bank-s-profits-surge-amid-higher-lending-rates
Hellenic Bank, Cyprus’ second-largest lender, has had a strong start to 2024, reporting a net profit of €189 million in the first half of the year—a solid 18% increase from last year. This boost in profit is mainly due to a 30% rise in interest income, driven by higher European Central Bank (ECB) interest rates....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-illusion-of-prosperity-as-unemployment-numbers-mask-realities
In its analysis, the Central Bank of Cyprus notes that in the first quarter of 2024, unemployment fell to 6%, the lowest level since 2009....
https://knews.kathimerini.com.cy/en/news/starlink-s-finances-frozen-in-brazil-after-legal-conflict-with-elon-musk-s-x
Brazil's top judge has ordered a freeze on the finances of Elon Musk's satellite internet service, Starlink, preventing the company from conducting financial transactions in the country....
https://knews.kathimerini.com.cy/en/news/energy-minister-and-finance-minister-clash-over-cyprus-energy-future
The Republic of Cyprus is at a critical juncture in its energy sector as multiple projects face delays and uncertainty, raising concerns about the country's future energy security and international relations....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-report-€164-7-million-deposit-increase-in-july
Total deposits in Cyprus’ banks recorded a net increase of €164.7 million in July 2024, compared with a net decrease of €44.1 million in June 2024, according to figures released on Wednesday by the Central Bank of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-to-engage-with-top-investors-in-london
The investment community is turning its focus to a major conference in London, set for late September, where several Cypriot banks will be represented....
https://knews.kathimerini.com.cy/en/news/greece-tightens-bank-statement-rules-for-schengen-visa
Travelers planning to visit Greece need a Schengen visa, which permits stays of up to 90 days within a 180-day period across the Schengen Area.
...
https://knews.kathimerini.com.cy/en/news/cera-decision-delay-stalls-cyprus-crete-electrical-cable-project
The Regulatory Authority of Cyprus (CERA) has once again postponed its decision on the timing of cost recovery for the Cyprus-Crete electrical cable project, causing frustration among stakeholders....
https://knews.kathimerini.com.cy/en/news/european-commission-allocates-€1b-to-flood-affected-nations
The European Commission proposed on Tuesday over €1 billion in financial support from the EU Solidarity Fund (EUSF) to help Italy, Slovenia, Austria, Greece and France deal with the impacts of the severe floods that hit these countries in 2023....
https://knews.kathimerini.com.cy/en/news/ft-zuckerberg-accuses-biden-admin-of-pressuring-meta-to-censor-covid-19-content
Meta CEO Mark Zuckerberg has accused the Biden administration of pressuring the social media company to censor certain COVID-19 content during the pandemic....
https://knews.kathimerini.com.cy/en/news/‘unsinkable-yacht-took-16-minutes-to-sink-not-60-seconds-ceo-claims
The CEO of the company that built the superyacht Bayesian has claimed that the crew had 16 minutes to warn passengers before the vessel sank during a violent storm near Palermo, Sicily. Giovanni Costantino......
https://knews.kathimerini.com.cy/en/news/ft-china-set-to-hit-pwc-with-record-penalty-amid-evergrande-fallout
PwC China has informed its clients that it expects Chinese authorities to impose a six-month business ban starting as early as September, following its audit of the now-collapsed property developer Evergrande....
https://knews.kathimerini.com.cy/en/news/1-vogue-content-coming-to-chatgpt-in-new-deal
OpenAI has inked a deal with publishing giant Condé Nast, marking yet another partnership between the AI company and major media outlets. Previous collaborations include agreements with Time magazine, the Financial Times, and the Associated Press....
https://knews.kathimerini.com.cy/en/news/cypriot-banks-slash-eurosystem-funding-by-€2-6-billion
Cypriot banks have almost zeroed funding from the Eurosystem via the Targeted Long-Term Refinancing Operations (TLTRO), with the latest data by the Central Bank of Cyprus (CBC) showing repayments amounting to €2.6 billion....
https://knews.kathimerini.com.cy/en/news/eu-commissioner-salaries-over-€310-000-a-year
As the European Commission prepares to unveil its 26 new Commissioners, Cyprus has nominated former Minister and Professor Kostas Kadis for the role....
