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. ...
https://knews.kathimerini.com.cy/en/news/eurobank-to-revamp-hellenic-bank-s-leadership-in-september
Eurobank is now focusing on the next steps following the completion of its tender offer for a 100% acquisition of Hellenic Bank, finalized on Tuesday, June 30, 2024. ...
https://knews.kathimerini.com.cy/en/news/greek-firms-fuel-business-expansion-across-cyprus
The investment climate in Cyprus has significantly improved since the crisis era of 2013, attracting substantial interest from Greek companies....
https://knews.kathimerini.com.cy/en/news/minister-highlights-importance-of-defence-readiness-in-zygi
At a time when geopolitical developments and security challenges are constantly changing, maintaining our defence capabilities at high levels is a top priority, Cyprus Defence Minister Vassilis Palmas said on Thursday, at an event for demonstrating the operational capabilities of the National Guard, which took place in the coastal area of Zygi, in the Larnaca district....
https://knews.kathimerini.com.cy/en/news/market-changes-eurobank-s-move-and-economic-struggles
Bank of Cyprus shares were delisted from the Athens Stock Exchange following the 2013 financial crisis and the turbulent merger with Laiki Bank, including the depositor haircut...
https://knews.kathimerini.com.cy/en/news/cyprus-commemorates-half-a-century-since-turkish-invasion
Half a century has passed since the tragic morning of July 20, 1974, when Turkish forces invaded Cyprus, marking the start of a prolonged period of death, destruction, and occupation that persists to this day. ...
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-political-failure-50-years-on
The 20th of July will mark the day the Turkish Army invaded and occupied 40% of the island of Cyprus. Greece’s Prime Minister Mitsotakis, dignitaries and other heads of state will be welcomed as guests by President Christodoulides to commemorate that historical dark event but to also make the customary petty speeches aimed to tickle people’s ears....
https://knews.kathimerini.com.cy/en/news/fifteen-days-left-to-decide-on-eurobank-s-offer
Hellenic Bank shareholders have less than 15 days to decide whether to sell their shares to Eurobank, which has made a takeover offer of 2.56 euros per share. The offer, initiated at the start of the month, has a four-week deadline, shorter than the maximum eight weeks allowed....
https://knews.kathimerini.com.cy/en/news/cyprus-and-greece-commit-to-eastern-med-security
Defence Minister Vasilis Palmas stressed the joint commitment of Cyprus and Greece to make every possible effort to maintain peace, security, stability and cooperation in the Eastern Mediterranean......
https://knews.kathimerini.com.cy/en/news/greek-police-reopen-mafia-cases-after-engineer-s-execution-in-athens
In the wake of last week’s brutal execution of 54-year-old engineer Panagiotis Stathis who was gunned down outside his Athens office in Psychiko, ...
https://knews.kathimerini.com.cy/en/business/cyprus-banks-receive-upgrades-signal-economic-resilience
In a series of significant upgrades for Cypriot banks, Fitch Ratings has elevated the Bank of Cyprus and Hellenic Bank's credit ratings, underscoring a positive trajectory for the country's financial sector, according to a report by Panayiotis Rougalas in this Sunday's Kathimerini....
https://knews.kathimerini.com.cy/en/news/nicosia-s-7th-epic-street-fest-delights-thousands
On the afternoon of Tuesday, July 2, about 2000 people gathered in the heart of the capital city, reveling under the summer sky with music from some of the island’s top DJs, courtesy of Deejay Radio, at the 7th Epic Street Fest Nicosia....
https://knews.kathimerini.com.cy/en/news/fitch-elevates-hellenic-bank-s-credit-rating
Fitch Ratings has upgraded Hellenic Bank's Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+', with stable outlook and its Viability Rating (VR) to 'bbb-' from 'bb+'.
...
https://knews.kathimerini.com.cy/en/news/eurobank-gains-green-light-for-100-acquisition-of-hellenic-bank
The Cyprus Securities and Exchange Commission (the “CySEC”) approved on 25 June 2024, the publication of the Takeover Bid Document for the acquisition by Eurobank S.A. of up to 100% of the issued share capital of Hellenic Bank, whose shares are listed on the Main Market of the Cyprus Stock Exchange (“CSE”).
...
https://knews.kathimerini.com.cy/en/news/nicosia-looks-to-washington-for-key-defense-and-visa-policy-changes
In a bid to strengthen its relationship with the United States, Cyprus is focusing on two crucial dossiers: lifting the U.S. arms embargo and joining the U.S. Visa Waiver Program....
https://knews.kathimerini.com.cy/en/news/minister-michaelidou-affirms-cyprus-commitment-to-european-schools
Cyprus has the intention to prioritize the aims of the European Schools System the Cyprus Presidency of the Council of the EU in the first half of 2026, Minister of Education, Sport and Youth Dr. Athena Michaelidou has said....
https://knews.kathimerini.com.cy/en/news/epic-street-fest-nicosia-returns-with-summer-vibes
Nicosia's biggest outdoor party is back in full swing this summer. The 7th Epic Street Fest Nicosia will take place on Tuesday, July 2, starting at 7 PM on Palia Ilektriki Street, near the new City Hall....
https://knews.kathimerini.com.cy/en/news/cypriot-leaders-to-attend-paris-olympics
President of the Republic Nikos Christodoulides and Minister of Education, Youth and Sport Athena Michaelides will attend the Paris Olympic Games......
https://knews.kathimerini.com.cy/en/news/agency-reports-strong-start-to-2024-continues-paying-off-state-debt
KEDIPES, Cyprus' state-owned asset management agency, announced a €144 million cash inflow for the first quarter of 2024. The agency also made a €140 million repayment to the state, bringing the total repayment to €1.3 billion since it started in September 2018....
https://knews.kathimerini.com.cy/en/business/cbc-chief-warns-tax-on-big-profits-could-hurt-economy
The new Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, expressed opposition to a windfall profits tax, which is a tax imposed by governments on companies that have experienced unexpectedly large profits,...
https://knews.kathimerini.com.cy/en/business/eurobank-increases-stake-in-hellenic-bank-to-55-48
Eurobank's share in Hellenic Bank has increased to 55.48%, after the latest acquisition of 240.303 shares, for €0.62 million....
https://knews.kathimerini.com.cy/en/business/eurobank-boosts-stake-in-hellenic-bank-with-over-500-000-shares
Eurobank has acquired 503,934 more shares in Hellenic Bank, for the cost of €1.29 mn, increasing its share at 55.42%....
https://knews.kathimerini.com.cy/en/news/search-for-michael-mosley-intensifies-with-divers-in-symi
Divers have joined the continuing search for British broadcaster Michael Mosley after he went missing while on holiday on the Greek island of Symi....
https://knews.kathimerini.com.cy/en/news/eurobank-takes-control-with-55-3-share-in-hellenic-bank
The European Central Bank (ECB) has given its approval for Eurobank to acquire a majority stake of over 50% in Hellenic Bank, marking a significant milestone in the banking landscape of Cyprus....
https://knews.kathimerini.com.cy/en/news/ecb-approves-eurobank-s-acquisition-of-majority-stake-in-hellenic-bank
The European Central Bank (ECB) has granted the necessary approvals for Eurobank to acquire a 55.3% stake in Hellenic Bank....
https://knews.kathimerini.com.cy/en/news/a-taste-of-the-first-green-agenda-cyprus-summit
The inaugural "Green Agenda Cyprus Summit" was held on Monday, May 20, at the Hilton Hotel in Nicosia. The event brought together leaders from Cyprus' business community and featured prominent speakers and experts on environmental, sustainability, and energy issues from around the world, aiming to inspire and motivate attendees....
https://knews.kathimerini.com.cy/en/business/us-fund-eyes-investment-in-greece-cyprus-israel-sea-link
The US sovereign wealth fund, SWF, is keen on joining the Greece-Cyprus-Israel Great Sea Interconnector project. ADMIE, the Transmission System Operator for the Hellenic Electricity Transmission System, confirmed SWF's interest, which could involve funding or loans....
