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/news/menendez-won-t-let-it-rest
Any decision by the United States to go ahead with the sale of F-16 fighter jets and upgrade kits to Turkey would be 'baffling' given the 'belligerent' stance of Turkish President Recep Tayyip Erdogan towards NATO ally Greece, said Senator Bob Menendez, chair of the Senate’s Foreign Relations Committee, reiterating that he will not approve the sale...
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/news/no-travel-restrictions-for-chinese-arrivals-in-greece-and-switzerland
Greece and Switzerland will not impose travel restrictions for arrivals from China despite the current COVID-19 situation on the latter....
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/aretaeio-hospital-has-been-purchased-by-hellenic-healthcare-group
Hellenic Healthcare Group has completed its acquisition of Aretaeio Medical Center Ltd....
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/replacement-of-russian-arms-mooted
The war in Ukraine is expediting the complete decoupling of the Hellenic Armed Forces from Russian-made weapons systems, as it is becoming abundantly clear that the rupture between Moscow and NATO is not conducive to the creation of conditions for their maintenance...
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/cypriot-registered-ships-decrease-by-21-due-to-sanctions
A large number of tankers that previously sailed under European Union flags, such as Cyprus and Malta’s, are leaving those registers as a result of the sanctions on Russian oil transportation....
https://knews.kathimerini.com.cy/en/news/the-future-of-civil-protection-in-the-mediterranean
The Nicosia Risk Forum 2022, which begins on Tuesday at the Radisson Blu Hotel in Larnaca, strives to be a game changer in Mediterranean civil protection....
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/archbishop-to-lie-in-state-until-funeral-on-saturday-images
Archbishop Chrysostomos will lie in state from Thursday until Saturday when his funeral service will be held on Saturday at St. Varnavas church....
https://knews.kathimerini.com.cy/en/news/ep-committee-in-cyprus-to-investigate-spyware-claims
A delegation from the European Parliament’s committee of inquiry to investigate the use of Pegasus (PEGA) and equivalent surveillance spyware arrives in Cyprus on Tuesday afternoon, as part of a joint mission in Cyprus and Greece.
PEGA gets a job in Cyprus - Why won't Drakou meet with the committee
It will investigate complaints about the development and use of spyware on the spot...
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/news/americans-show-more-interest-in-greece-s-golden-visa-program
Americans’ interest in Greece’s Golden Visa program has marked a significant increase recently, according to the latest report of real estate experts Berkshire Hathaway HomeServices....
https://knews.kathimerini.com.cy/en/news/suspicion-over-turkish-fishing-boats-in-migrant-drownings
Hellenic Coast Guard officers have told Kathimerini they were investigating the role of Turkish fishing boats that were close to the location where a dinghy sunk late Wednesday and a confirmed 18 people drowned, the deadlier of the two incidents involving migrants....
https://knews.kathimerini.com.cy/en/news/sba-judge-slams-criminal-justice-system-in-cyprus
A resident judge on the British Bases in Cyprus, who recently denied a removal request for two suspects in connection with an ongoing fake cocaine investigation, took the time in his remarks to issue a far-reaching indictment against the maladies of the Greek Cypriot criminal justice system...
