https://knews.kathimerini.com.cy/en/business/binance-s-zhao-steps-down-as-ceo
In a significant development for the cryptocurrency world, Changpeng Zhao, better known as CZ, has announced his resignation as the chief executive officer of Binance....
https://knews.kathimerini.com.cy/en/life/tilos-the-little-island-that-could
In a recent interview with Dr. George Pechlivanoglou, the mastermind behind Tilos Island's groundbreaking energy initiative, we unveil a serious but exciting endeavor that's putting this petite Greek island on the map for sustainability....
https://knews.kathimerini.com.cy/en/business/november-newsletter-of-k-treppides-co-ltd-financial-conduct-authority-fca
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...
https://knews.kathimerini.com.cy/en/news/pocket-drain-or-green-gain-denmark-s-tricky-tax-call
Airports Council International Europe has issued a cautionary note to the Danish Government, discouraging the introduction of a passenger tax averaging 100 Danish krone or $14 (€13.41) on air travel....
https://knews.kathimerini.com.cy/en/news/cyprus-eyes-$1-22-billion-for-electric-cars
Cyprus is set to undergo a transformative phase with its revised Recovery and Resilience Plan, valued at $1.22 billion....
https://knews.kathimerini.com.cy/en/news/guardian-russian-money-flows-without-questions-in-the-occupied-territories
In the Turkish-occupied northern Cyprus, an influx of Russian speakers, particularly from the former Soviet Union, has turned the area into a real estate hotspot. ...
https://knews.kathimerini.com.cy/en/news/eu-extends-sanctions-on-turkey-for-east-med-drilling
In a press release on Thursday, the Council of the European Union announced the renewal of restrictive measures against Turkey for unauthorized drilling activities in the Eastern Mediterranean....
https://knews.kathimerini.com.cy/en/news/greek-government-s-€85-4m-move-shakes-aegean-airlines
Aegean Airlines on Monday announced that the Hellenic Republic submitted notification of its intention to exercise the rights granted by all the warrants it holds concerning the company’s shares on November 3, 2023....
https://knews.kathimerini.com.cy/en/news/schools-kickstart-a-c-installations-in-major-upgrade
The installation of air conditioners in schools is beginning, as announced by Government Spokesman Konstantinos Letibiotis during a regular journalist briefing. ...
https://knews.kathimerini.com.cy/en/business/crypto-wonder-boy-sam-bankman-fried-convicted-in-$8-billion-fraud
Sam Bankman-Fried, the former billionaire founder of FTX, a prominent cryptocurrency exchange, was found guilty on Thursday of orchestrating one of the most significant financial frauds in history....
https://knews.kathimerini.com.cy/en/comment/opinion/the-queen-is-naked
The fairy tale of Hans Christian Andersen about the king who believed he was wearing splendid clothes while, in reality, he was naked, seems to be a fitting analogy for the situation of the European Union and its external policy....
https://knews.kathimerini.com.cy/en/business/ministry-secures-€245-million-boost-for-business-growth-in-2027
A total of €245 million has been secured by the Ministry of Energy, Commerce and Industry for the new programming period up to 2027, which will be made available to businesses through targeted grant plans with an emphasis on absorbing and utilising as many resources as possible from European Funds, including the Recovery and Resilience Fund, Energy Minister George Papanastasiou said on Friday, speaking at the General Electoral Assembly of the Paphos Chamber of Commerce and Industry....
https://knews.kathimerini.com.cy/en/news/canadian-soldiers-in-cyprus-await-call-for-lebanon-evacuation
On a sunny Thursday in Cyprus, holidaymakers relaxed on beach chairs, while a small group of people in Canadian uniform sat inside a nearby hotel meeting room, staring into screens.
...
https://knews.kathimerini.com.cy/en/news/cmp-receives-€75-000-donation-from-turkish-cypriots
The Committee on Missing Persons in Cyprus (CMP) received a donation of €75,000 from the Turkish Cypriot community on October 18....
https://knews.kathimerini.com.cy/en/news/€3-93-billion-windfall-from-eu-on-the-horizon
The funds absorbed by Cyprus from European funds have exceeded the amount of Cyprus's contributions to the EU, said member of the EU Court of Auditors, Lefteris Christoforou, presenting the annual report of the Court for 2022 to President of the House of Representatives Annita Demetriou on Thursday....
https://knews.kathimerini.com.cy/en/news/netherlands-tops-global-pension-rankings-with-ai-driven-excellence
A new analysis, ranking 47 pension systems across the world, has shed light on the growing impact of AI on pension systems....
https://knews.kathimerini.com.cy/en/news/papadakis-faces-allegations-of-misusing-european-parliament-s-funds
After the release of an audio recording featuring a discussion between the EDEK party president, Marinos Sizopoulos, and MEP Dimitris Papadakis, EDEK issued an official statement....
https://knews.kathimerini.com.cy/en/news/suspense-builds-as-foreclosure-deadline-nears-and-creditors-seek-solutions
Cyprus is nearing the end of the suspension of divestments of primary residences worth up to 350 thousand euros, but a solution remains elusive regarding open funds tied to the divestment framework. ...
https://knews.kathimerini.com.cy/en/news/investment-funds-hit-record-high-at-€2-9-billion
Assets investment by investment funds in Cyprus rose to €2.9 billion in the second quarter of this year, reaching the highest point ever, manifesting the sector’s growing contribution to the Cypriot economy....
https://knews.kathimerini.com.cy/en/news/ireland-s-tax-policies-fill-sovereign-fund-coffers
Countries like Saudi Arabia, Norway, and Chile have long established their own sovereign-wealth funds....
https://knews.kathimerini.com.cy/en/news/france-urges-de-escalation-amid-israeli-strikes-on-lebanon
The ongoing conflict between Israel and Hamas has drawn global attention as the death toll rises, with over 1,000 Palestinians and 1,200 Israelis reported dead. Calls for peace have intensified amid the escalating violence....
https://knews.kathimerini.com.cy/en/news/how-blockchain-technology-is-reshaping-financing
In this age of technology, digital transformation, and the omnipresence of the internet, alternative digital financing is emerging as an innovative and effective solution for both businesses and individuals in need of financial support....
https://knews.kathimerini.com.cy/en/business/moody-s-double-upgrade-ignites-investor-interest
Last Friday, Moody's delivered a double upgrade for Cyprus, propelling the nation into the investment-grade category recognized by all four major financial firms. Although these rankings may appear modest, their real-world impact is substantial....
https://knews.kathimerini.com.cy/en/news/15-4-spike-in-public-expenditure-for-2024
In the 2024 Budget, there's a notable rise of EUR 0.5 billion in public personnel expenditure. According to the Council of Ministers' approved budget table for 2024, this marks a substantial increase of 496 million euros. In terms of percentages, this surge amounts to 15.4% compared to the personnel expenditure allocated for the public sector in 2023....
https://knews.kathimerini.com.cy/en/news/cbc-governor-herodotou-reveals-breakthrough-in-digital-finance
The Central Bank of Cyprus has completed the tender for a new digital platform for customer compliance, said CBC Governor Constantinos Herodotou, speaking at an event organized by the Association of Cyprus Electronic Money and Payment Institutions, on Thursday afternoon....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-woos-investors-at-london-conference
Last week, the Bank of Cyprus launched a series of engagements with investors, with a particular focus on attracting new stakeholders. This initiative took place during the BofA Merrill Lynch conference, notably at the Annual Financials CEO Conference held in London from last Tuesday to Thursday. ...
https://knews.kathimerini.com.cy/en/business/sepaga-emi-named-one-of-the-top-20-great-places-to-work-in-europe
Nicosia, Cyprus – 26/9/2023 – Sepaga EMI, a leading fully licensed and regulated Electronic Money Institution by the Central Bank of Cyprus (License No. 115.1.3.18/2018) since 2017 takes pride in providing its clients with exceptional financial solutions for managing their funds and global payments....
https://knews.kathimerini.com.cy/en/news/first-lady-s-assistant-denied-extra-pay
A majority of the members of the Parliamentary Finance Committee approved the release of funds requested by the Presidency for salary payments, but the Committee unanimously rejected a separate request concerning overtime compensation for an employee temporarily assigned to the Presidency....
https://knews.kathimerini.com.cy/en/news/cyprus-photovoltaics-for-all-cuts-electricity-costs-by-50
In a bold move to expedite the transition to green energy, the Ministry of Energy is gearing up to unveil a groundbreaking solar energy production initiative that promises to reshape the balance between conventional and green energy sources....
https://knews.kathimerini.com.cy/en/news/€369-million-eib-loan-for-smart-investments
The government has secured a €369 million loan from the European Investment Bank (EIB) with favorable terms to support expenditures and investments within the framework of the "Thalia" program. ...