https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-shareholders-moving-at-different-speeds
CarVal Investors recently sold 3% of its 9.09% stake in Bank of Cyprus, sparking speculation that other shareholders may follow suit and sell their shares....
https://knews.kathimerini.com.cy/en/news/cyprus-strengthens-military-ties-in-crete-with-key-partners-in-medusa-13-2024
The multinational aeronautical exercise "MEDUSA-13/2024" took place in the maritime area of Crete from 11 to 20 October 2024, with the participation of aeronautical assets and Special Operations Units from Cyprus, Greece, Egypt, France and Saudi Arabia....
https://knews.kathimerini.com.cy/en/news/attica-bank-secures-us-investment-ahead-of-€672m-share-sale
Two major US investment funds are expected to participate in Attica Bank’s share capital increase, which takes place from October 21 to 30 and aims to raise 672.2 million euros....
https://knews.kathimerini.com.cy/en/news/cbc-top-savings-interest-rate-in-cyprus-hits-2-45
In August 2024, the Central Bank of Cyprus reported that the highest interest rate for term deposits of up to one year for households reached 2.45%. ...
https://knews.kathimerini.com.cy/en/news/cyprus-and-greece-strengthen-defense-ties-in-iris-2024-exercises
The final phase of the ''IRIS - 2024'' exercise, part of the Transatlantic Tactical Post-Troop Exercise (TAMS), took place in Kalo Chorio with the notable participation of two F-16 fighter aircraft from the Hellenic Air Force. This marks their first involvement since 2019....
https://knews.kathimerini.com.cy/en/news/agios-efstratios-becomes-greece-s-first-100-green-energy-island
Work on a pilot project to make the small northern Aegean island of Agios Efstratios (Ai Stratis) run entirely and autonomously on green energy has been successfully completed, Hellenic Electricity Distribution Network Operator SA (DEDDIE) announced on Wednesday.
...
https://knews.kathimerini.com.cy/en/news/greece-braces-for-uncontrolled-migration-amid-middle-east-crisis
Greece is bracing for a potential wave of uncontrolled migration, a concern highlighted during Wednesday’s meeting of the country’s National Security Council (KYSYEA)....
https://knews.kathimerini.com.cy/en/news/why-cyprus-is-not-at-risk-from-iran-s-ballistic-missiles
The recent escalation between Israel and Iran—marked by Tehran’s ballistic missile attack on Israel Tuesday night—and the ongoing conflict in Lebanon have raised concerns for the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/business/cypriot-fleet-grows-by-12-deputy-minister-highlights-at-agm
The fleet of ocean-going vessels in the Cypriot registry has risen by 12% in the last year, Deputy Minister for Shipping Marina Hadjimanolis said during the Annual General Meeting of the Cyprus Ship Owners Association held in Athens....
https://knews.kathimerini.com.cy/en/news/elderly-defrauded-of-€40-000-in-utility-worker-scam
A group of Roma individuals continues to defraud elderly people by posing as employees of the Greek Public Power Corporation (DEI) and the Hellenic Telecommunications Organization (OTE), aiming to steal money....
https://knews.kathimerini.com.cy/en/news/greece-cyprus-pact-aims-to-close-transplant-gap-with-europe
In a move which would help Greece and Cyprus catch up with Europe in the field of transplants, the two countries signed two cooperation agreements on Thursday for the exchange of kidneys and lungs....
https://knews.kathimerini.com.cy/en/news/moody-s-sees-positive-outlook-for-hellenic-bank-following-eurobank-deal
Moody’s upgraded Hellenic Bank’s credit rating to Baa2 from Baa3 on Wednesday, citing the recent acquisition of a 56% stake by Eurobank S.A. The agency also revised the bank's outlook to positive.
...
https://knews.kathimerini.com.cy/en/news/eurobank-and-india-collaborate-to-create-strategic-business-council
Mr. Ioannou raised concerns about whether the bank has a plan to maintain its strong profitability, which has largely come from rising interest rates......
https://knews.kathimerini.com.cy/en/news/michalis-louis-appointed-ceo-of-hellenic-bank
Michalis Louis has been appointed as the new Chief Executive Officer of Hellenic Bank Public Company Limited at the Annual General Meeting of the Shareholders of the Bank, with immediate effect, according to a decision taken by the Board of Directors of the bank......
https://knews.kathimerini.com.cy/en/news/hellenic-bank-boosts-first-time-buyers-with-reduced-rates
Hellenic Bank has introduced a new scheme offering reduced interest rates for first-time homebuyers....
https://knews.kathimerini.com.cy/en/business/fitch-upgrades-hellenic-bank-s-rating
Fitch Ratings has raised Hellenic Bank’s (HB) support rating from ‘bb-’ to ‘bb’, thanks to a similar boost for Eurobank S.A., which owns a majority stake in HB. This change reflects Eurobank’s growing role and influence over HB....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-moves-from-london-to-athens-stock-exchange-in-major-shift
In a series of significant moves, Cyprus's banking sector is undergoing notable changes this autumn....
https://knews.kathimerini.com.cy/en/news/one-in-10-young-patients-victims-of-abuse
One in 10 children aged up to 3 years who arrive at the outpatient clinics of the National Health System (ESY) hospitals with injuries are victims of abuse. ...
https://knews.kathimerini.com.cy/en/news/armed-man-threatens-explosion-in-central-athens-standoff
Authorities have responded to a crisis on Acharon Street in central Athens, where a man is threatening to cause an explosion using a gas cylinder or jump from the sixth-floor balcony of an apartment building....
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/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/news/banks-in-cyprus-contribute-€1-million-to-install-air-conditioners-in-schools
Cyprus's major banks are stepping up to help install air conditioners in schools, contributing €1 million to the effort. The funds will be distributed equally among the School Boards of the country’s five provinces. ...
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/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/eurobank-s-michalis-louis-set-to-become-new-ceo-of-hellenic-bank
Michalis Louis, CEO of Eurobank Cyprus, is expected to be named the new chief executive officer of Hellenic Bank following the bank’s 50th Annual General Meeting on September 18, 2024....
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/cyprus-banks-set-for-major-changes-in-september
September will bring significant shifts for Cyprus's two largest banks....
https://knews.kathimerini.com.cy/en/news/eight-arrested-in-major-operation-seizing-drugs-worth-over-2-5m-euros
Greek Police announced Tuesday the dismantling of an international drug trafficking network that smuggled large quantities of drugs by sea using yachts....
https://knews.kathimerini.com.cy/en/news/authorities-issue-new-evacuation-orders-as-attica-fire-spreads
Hundreds of firefighters are battling a fierce blaze in northeast Attica that ignited Sunday afternoon in Varnavas and has since spread to Penteli, endangering Nea Makri. Despite the extensive efforts of emergency services, the fire has rapidly intensified....
https://knews.kathimerini.com.cy/en/business/eurobank-completes-takeover-of-hellenic-bank
Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., has successfully completed its mandatory takeover bid for Hellenic Bank Public Company Limited. ...
