https://knews.kathimerini.com.cy/en/business/ey-cyprus-a-gold-sponsor-at-the-6th-annual-capital-link-cyprus-shipping-forum
EY Cyprus was, once again, a gold sponsor of the 6th Annual Capital Link Cyprus Shipping Forum, which was held at the Columbia Plaza, in Limassol, on Tuesday, March 7th 2023....
https://knews.kathimerini.com.cy/en/comment/opinion/bad-luck-can-t-always-be-held-responsible
“It was an unfortunate moment,” the stationmaster in the deadly train crash is said to have claimed. How many times has the inadequacy and failure of the broader Greek state mechanism been hidden behind such phrases? Sometimes it is blamed on “bad luck,” at others, it is dismissed with “That’s Greece.”...
https://knews.kathimerini.com.cy/en/comment/opinion/it-s-dangerous-around-here
There has been a lot of discussion about the new President's selection of Michalis Hatzigiannis to fill the role of Deputy Minister of Culture, and it can be challenging to separate reasonable criticism from elitism. ...
https://knews.kathimerini.com.cy/en/news/the-who-s-who-of-the-christodoulides-government
On Monday afternoon (27/02), Nikos Christodoulides, the country's new leader, unveiled his new administration. Read the detailed biographies of the individuals who make up the new government....
https://knews.kathimerini.com.cy/en/business/2023-will-be-the-year-banks-dole-out-dividends
Apart from entering 2023 with inflationary tendencies and following a year with a geopolitical crisis due to the Ukrainian one, it is expected to be the year when the term "dividend distribution,"...
https://knews.kathimerini.com.cy/en/news/cyprus-launches-campaign-for-earthquake-victims
Cyprus’ Commissioner for the Citizen announced on Wednesday a campaign for the collection of humanitarian aid for the people affected by the deadly earthquake in Syria and Turkey, which will run between February 9 and 17...
https://knews.kathimerini.com.cy/en/news/which-names-are-being-floated-for-the-position-of-finance-minister
The new ministerial team will be assembled beginning Monday, February 13. Nicos Christodoulides and Andreas Mavroyiannis, the two candidates for the Presidency of the Republic of Cyprus, will bring in new faces to staff their Ministries....
https://knews.kathimerini.com.cy/en/business/banks-are-revising-lending-rates
Cypriot banks are preparing new loan rates in an effort to redesign the pricing of loans. In the first half of 2023, Cypriot banks will see significant changes in the pricing of new loans, accompanied by increases in interest rates, ...
https://knews.kathimerini.com.cy/en/business/tech-companies-calling-for-employee-naturalizations-after-5-years
Following the 2023 Presidential Elections and the resumption of the meetings of the House of Representatives, ICT companies will begin "pushing" for the right to apply for naturalization after 5 years of residence and work in the Republic of Cyprus,...
https://knews.kathimerini.com.cy/en/business/wargaming-intends-to-hold-on-to-hellenic
Wargaming Group, a Cypriot technology company, intends to remain a shareholder in Hellenic Bank. Despite selling a 13.41% stake to Eurobank in early December, Wargaming says its goal now is to focus on what it says it "does best," which is creating good games....
https://knews.kathimerini.com.cy/en/news/demetra-has-invested-75-of-its-capital-in-hellenic
Demetra Investment, the Cyprus Investment Fund, has dedicated 75% of its investments to Hellenic Bank....
https://knews.kathimerini.com.cy/en/business/fund-are-investing-in-cypriot-banks
Investing in Cypriot banks is becoming more common. The progress they have made in terms of the non-performing loan burden they have shed, their capital adequacy, which is characterized as good,...
https://knews.kathimerini.com.cy/en/business/the-landscape-of-bank-equity-is-changing-in-cyprus
A day before 2022 came to an end, Eurobank made the announcement that it had added 3.2% more shares of Hellenic Bank, bringing its total to 29.2% (pending regulatory approval), and altering the bank's balance "for good"....
https://knews.kathimerini.com.cy/en/business/kedipes-disburses-another-€80-million-to-the-state
The Board of Directors of the state-owned asset manager, KEDIPES, has decided to disburse another €80 million to state coffers for the fourth quarter of this year, with the amount paid to the state in 2022 reaching €310 million....
https://knews.kathimerini.com.cy/en/business/gatzke-hellenic-relations-have-returned-to-normal
After taking a brief leave of absence, Hellenic Bank CEO Oliver Gatske has returned to his duties. Mr. Gatske was given the green light to return to his office on Monday after the Cyprus Securities and Exchange Commission cleared him of any wrongdoing....
https://knews.kathimerini.com.cy/en/business/€36-million-loss-so-far-reported-by-banks-this-year
The banking system reported a loss after tax of €36 million on a consolidated basis in the first nine months of 2022, compared to a profit of €22.54 million in the corresponding period of 2021....
https://knews.kathimerini.com.cy/en/business/gatzke-returns-to-hellenic
Oliver Gatzke, CEO of the Hellenic Bank, has returned to the Bank of Greece's headquarters as of today, December 12....
https://knews.kathimerini.com.cy/en/business/tying-up-loose-ends-at-hellenic
Hellenic Bank experienced several changes in 2022, as it closed outstanding issues while also opening new chapters. Hellenic Bank made changes to its top management, staff, shareholding composition, and labor issues in the fourth quarter of 2022, ...
https://knews.kathimerini.com.cy/en/business/hellenic-ceo-cleared-of-any-wrongdoing
Oliver Gatzke, CEO of Hellenic Bank, has not been linked to any suspicious activity, according to the Cyprus Securities and Exchange Commission (CySEC)....
https://knews.kathimerini.com.cy/en/business/hellenic-bank-soon-to-be-under-the-control-of-eurobank
Eurobank is gaining control of Hellenic Bank after purchasing Wargaming's 13.4% stake. With the addition of the 12.6% it held from the purchase of all shares in Third Point Hellenic Recovery Fund in the summer of 2021, it now stands at 26%....
https://knews.kathimerini.com.cy/en/business/€76-4m-profit-in-first-9-months-of-2022-for-hellenic
Hellenic Bank announced a profit of €76.4 million for the first 9 months of 2022. According to the Group Financial Results for the nine-month period, ...
https://knews.kathimerini.com.cy/en/news/14-billion-euros of-loans-on-ice-due-to-the-suspension-of-foreclosure-sales
In Cyprus, credit purchasing companies manage over 80,000 loans totaling €20 billion....
https://knews.kathimerini.com.cy/en/news/the-consequences-of-continuing-foreclosure-suspensions
Lambros Papadopoulos, President of the state-owned asset management company, KEDIPES, warned on Tuesday that the continued suspension of foreclosures will negatively affect the company’s revenue from non-performing loans (NPLs) management resulting in a reduced repayment of state aid....
https://knews.kathimerini.com.cy/en/business/400-500-hellenic-employees-to-be-made-redundant
On Monday, November 24th, 400–500 voluntary employees will depart Hellenic Launches; this will be the final shift provided by the bank....
https://knews.kathimerini.com.cy/en/news/greece-turkey-at-it-again-over-buck-naked-refugees
A shocking image of fully naked refugees picked up by Greek police has puzzled officials and the media, with Athens pointing the finger at Turkish authorities and Ankara firing back accusing Greece of covering up human rights violations...
https://knews.kathimerini.com.cy/en/news/banking-sector-to-cut-600-more-employees
The number of employees in the Cypriot banking sector will have been reduced further by the end of 2022. By the end of this year, 600 bank employees will have left the company, while about 50 will have been transferred to a similar but non-banking sector....
https://knews.kathimerini.com.cy/en/business/profits-of-€55-4-million-in-first-half-of-2022-for-hellenic-bank
Hellenic Bank reported a profit of EUR 55.4 million for the first half of 2022, compared to a profit of EUR 21 million in the corresponding half of 2021....
https://knews.kathimerini.com.cy/en/news/the-4th-nicosia-epic-street-fest-is-fast-approaching
Coming this Christmas on Stasikratous Street on Wednesday 21 December from 7 pm to midnight!...
https://knews.kathimerini.com.cy/en/business/rcb-finalizes-sale-of-its-loan-portfolio-to-hellenic
RCB Bank Ltd announced that the sale of Tranche B of its performing loan portfolio to Hellenic Bank Public Company Ltd has been successfully completed....
https://knews.kathimerini.com.cy/en/news/kyriacos-koushos-takes-over-as-labour-minister
Κyriacos Koushos will take over as Minister of Labour and Social Insurance, following the death of Zeta Emilianidou who died on June 6 in hospital after suffering a brain aneurysm. ...
