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12° Nicosia,
23 December, 2024
 

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Displaying results 1-30 of 717 matches for query Funds.

1. Paphos Mayor sounds alarm over suspected €30M GESY fraud

https://knews.kathimerini.com.cy/en/news/paphos-mayor-sounds-alarm-over-suspected-€30m-gesy-fraud

The mayor of Paphos, Phedonas Phedonos, has raised serious concerns about the possible misuse of public funds related to the medical procedure known as neurolysis....

2. Government launches mortgage subsidy to ease inflation’s grip

https://knews.kathimerini.com.cy/en/news/government-launches-mortgage-subsidy-to-ease-inflation-s-grip

The government of Cyprus is stepping up to help homeowners struggling with rising interest rates and inflation....

3. Stella Michaelidou, AIDS NGO president, arrested in alleged €122K fraud case

https://knews.kathimerini.com.cy/en/news/stella-michaelidou-aids-ngo-president-arrested-in-alleged-€122k-fraud-case

Police have arrested Stella Michaelidou, the 66-year-old president of the Support Centre for People Living with HIV/AIDS (K.Y.F.A.A.), amid serious financial fraud charges....

4. Charity President arrested in €120,000 fraud case

https://knews.kathimerini.com.cy/en/news/charity-president-arrested-in-€120-000-fraud-case

Police have arrested a 66-year-old woman, the president of an NGO supporting patients with a specific disease, over allegations of financial fraud exceeding €120,000. The arrest took place on the evening of Monday, December 9, following a court warrant....

5. Money transfers in 10 seconds coming to Cyprus

https://knews.kathimerini.com.cy/en/business/money-transfers-in-10-seconds-coming-to-cyprus

Starting on January 9, 2025, Cyprus will join the rest of the SEPA zone (33 countries) in offering instant bank transfers, revolutionizing how payments are made....

6. Ministry mulls subsidies for 'vulnerable' boat owners amid Marina fee dispute

https://knews.kathimerini.com.cy/en/news/ministry-mulls-subsidies-for-vulnerable-boat-owners-amid-marina-fee-dispute

The Ministry of Transport, Communications, and Works is considering subsidies for "vulnerable" boat owners, sparking a mix of curiosity and skepticism over who qualifies as "vulnerable" in this context....

7.  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....

8. Vietnamese tycoon can avoid death penalty by repaying $9 billion

https://knews.kathimerini.com.cy/en/news/vietnamese-tycoon-can-avoid-death-penalty-by-repaying-$9-billion

Truong My Lan, a 68-year-old property tycoon from Vietnam, has been sentenced to death for embezzling a staggering $27 billion in one of the country's largest fraud cases....

9. Court hands down stiff sentences in major extortion and embezzlement case

https://knews.kathimerini.com.cy/en/news/court-hands-down-stiff-sentences-in-major-extortion-and-embezzlement-case

In a significant move against financial crime, the Criminal Court in Larnaca has handed down tough sentences to two men involved in an elaborate scheme of extortion, embezzlement, and money laundering. ...

10. Ex-official sued over fraud allegations and damaging audit report

https://knews.kathimerini.com.cy/en/news/ex-official-sued-over-fraud-allegations-and-damaging-audit-report

A legal battle has erupted in Cyprus, with the former Commissioner for the Development of Mountain Communities, Giannakis Papadouris, and V.V. Lampadistis Wineries Limited filing a lawsuit against Odysseus Michaelides....

11. Cyprus secures €115 million in second payment under EU recovery plan

https://knews.kathimerini.com.cy/en/news/cyprus-secures-€115-million-in-second-payment-under-eu-recovery-plan

Cyprus has received its second payment under the EU's Recovery and Resilience Facility (RRF), with €115 million granted after successfully fulfilling 37 out of 38 agreed milestones....

12. Limassol’s growth deserves equal support

https://knews.kathimerini.com.cy/en/comment/opinion/limassol-s-growth-deserves-equal-support

Who is driving development projects in Limassol, and how far have they progressed? Who decides how state development funds are allocated, and based on what criteria?...

13. Are you driving an unsafe car? Gaps in recall alerts spark concern in Cyprus

https://knews.kathimerini.com.cy/en/news/are-you-driving-an-unsafe-car-gaps-in-recall-alerts-spark-concern-in-cyprus

Car safety in Cyprus is under the spotlight as gaps in the vehicle recall system are leaving drivers unknowingly at risk. ...

14. Greek workers strike over rising costs and low wages

https://knews.kathimerini.com.cy/en/news/greek-workers-strike-over-rising-costs-and-low-wages

Greek workers are currently on strike today, Wednesday, causing disruptions at ports, and on buses and trains. The nationwide strike, which includes transport workers, doctors, teachers, and construction workers, is a protest against rising living costs and demands for higher wages....

15. Laiki Bank liquidator raises €90.8 million for depositor compensation

https://knews.kathimerini.com.cy/en/business/laiki-bank-liquidator-raises-€90-8-million-for-depositor-compensation

According to a report by Panayiotis Rougalas in this Sunday's Kathimerini, the liquidator of the former Laiki Bank, Avgoustinos Papathomas, has achieved a key milestone in efforts to compensate creditors, particularly depositors who lost money during the bank’s 2013 collapse....

16. €10,000 Raised at Eureka Marseille Charity Fashion Show for Preventive Pediatrics

https://knews.kathimerini.com.cy/en/news/€10-000-raised-at-eureka-marseille-charity-fashion-show-for-preventive-pediatrics

The ''Eureka Marseille Charity Fashion Show'' was held with great success on November 14, 2024, at the Royal Hall in Nicosia, where the venue was packed with attendees. ...

17. Bank workers union sets sights on big move in Bank of Cyprus

https://knews.kathimerini.com.cy/en/business/bank-workers-union-sets-sights-on-big-move-in-bank-of-cyprus

Last Thursday, the Cyprus Bank Employees' Association (CBA) announced it had sold its shares in Hellenic Bank to Eurobank, but already, reports suggest ETYK, the Cyprus banking employees’ union, is eyeing its next investment....

18. Fired Paphos-Polis road contractor wants €35 million payout

https://knews.kathimerini.com.cy/en/business/fired-paphos-polis-road-contractor-wants-€35-million-payout

The Cyprus government has formally terminated its contract with Intrakat, a Greek construction company, for the long-awaited Paphos-Polis Chrysochous motorway, citing severe delays and excessive demands from the contractor....

19. Bank of Cyprus reports €401 million profit surge

https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-reports-€401-million-profit-surge

In the latest financial report, Bank of Cyprus has reported a solid profit of €401 million for the first nine months of 2024—a 15% jump from last year’s €349 million. ...

20. 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. ...

21. EU probes €101 million grant in Vasilikos project and Cyprus officials' role

https://knews.kathimerini.com.cy/en/news/eu-probes-€101-million-grant-in-vasilikos-project-and-cyprus-officials-role

The European Public Prosecutor's Office (EPPO) investigation into potential misconduct involving Cyprus's Vasilikos liquefied natural gas (LNG) terminal project, which received €101 million in EU funds, is advancing and is now in a critical phase, according to a report by APostolos Tomaras....

22. Trump’s win, coffee with Erdogan, and the Presidential spin: A dose of Cyprus reality

https://knews.kathimerini.com.cy/en/comment/opinion/trump-s-win-coffee-with-erdogan-and-the-presidential-spin-a-dose-of-cyprus-reality

For anyone worried that Trump’s election might throw off our strategic ties with the U.S.—those essential space collaborations and our participation in the Star Wars program—the Presidential Palace has assured us that a ''close associate'' of Trump recently reached out to our very own Nicos!...

23. Greek woman swindled out of €600,000 in cryptocurrency scam on Chios

https://knews.kathimerini.com.cy/en/news/greek-woman-swindled-out-of-€600-000-in-cryptocurrency-scam-on-chios

Police on the Greek island of Chios are investigating an elaborate online scam in which a woman was defrauded of 608,955 euros ($648,000) by two foreign nationals posing as investment company representatives....

24. 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....

25. Spain’s King pelted with eggs amid fury over flood response in Valencia

https://knews.kathimerini.com.cy/en/news/spain-s-king-pelted-with-eggs-amid-fury-over-flood-response-in-valencia

Spain’s King Felipe and Queen Letizia faced an angry backlash during a visit to the flood-ravaged Valencia region on Monday, where crowds hurled eggs and booed as they met with residents....

26. 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. ...

27. 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....

28. 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....

29. Cypriot citizens linked to $75 million money laundering probe in the French Riviera

https://knews.kathimerini.com.cy/en/news/cypriots-linked-to-$75-million-money-laundering-probe-in-the-french-riviera

French authorities have seized about $75 million worth of real estate and luxury cars in the French Riviera as part of a money-laundering investigation involving two Russian businessmen who hold Cypriot citizenship, according to a published report on the OCCRP.org website. ...

30. Cyprus seeks to amend recovery plan amid project struggles

https://knews.kathimerini.com.cy/en/news/cyprus-seeks-to-amend-recovery-plan-amid-project-struggles

The Cyprus Recovery and Resilience Plan Directorate is currently working with the European Commission to make amendments to the Recovery and Resilience Plan. ...

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