https://knews.kathimerini.com.cy/en/news/massive-international-fraud-ring-busted-cyprus-plays-crucial-role
Cyprus, along with international law enforcement agencies, cracked down on a massive fraud ring with a staggering €645 million turnover....
https://knews.kathimerini.com.cy/en/news/cypriot-president-courts-investors-in-london-to-boost-economic-prospects
Cypriot President Nikos Christodoulides has on Tuesday a series of meetings in London aim at bolstering investment prospects within Cyprus.
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https://knews.kathimerini.com.cy/en/business/what-economic-headlines-are-making-waves-this-week
Amidst a backdrop of economic shifts and global challenges, a series of key developments are shaping the financial landscape. ...
https://knews.kathimerini.com.cy/en/news/global-oil-prices-dip-after-iran-s-attack-on-israel
Oil prices fell in early Asian trade after Iran's reprisal attack on Israel over the weekend....
https://knews.kathimerini.com.cy/en/business/will-fredriksen-group-set-sail-for-cyprus
The Fredriksen Group, led by prominent shipping magnate John Fredriksen, is contemplating relocating a significant portion, if not all, of its shipping operations from Norway to Cyprus, citing dissatisfaction with Norway's framework conditions....
https://knews.kathimerini.com.cy/en/news/israel-fast-tracks-sea-interconnector-project
Israel’s authorities requested the acceleration of procedures for the implementation of the Great Sea Interconnector project (Greece-Cyprus-Israel), in the section of the Cyprus-Israel power linkup....
https://knews.kathimerini.com.cy/en/news/larnaca-port-echoes-vasilikos-unrest
The ambitious redevelopment of Larnaca's port, a cornerstone of the city's growth, has hit a rough patch....
https://knews.kathimerini.com.cy/en/news/hellenic-bank-s-pursuit-of-cnp-cyprus-uncovers-uncertainties
The exclusive negotiations between Hellenic Bank and CNP Cyprus Insurance Holdings, a subsidiary of the French insurance powerhouse CNP Assurances, have captured attention for their high stakes and strategic importance....
https://knews.kathimerini.com.cy/en/news/spain-to-end-golden-visa-scheme-for-real-estate-investment
Spain's Prime Minister, Pedro Sanchez, announced the discontinuation of the ''golden visa'' scheme, which grants residency rights to foreigners investing in real estate....
https://knews.kathimerini.com.cy/en/news/deloitte-reveals-steady-surge-in-cyprus-real-estate-transactions
Deloitte issued the Cyprus Real Estate Review, which presents an in-depth analysis of the real estate market in 2023....
https://knews.kathimerini.com.cy/en/news/president-christodoulides-hails-financial-progress-with-new-cbc-governor
The appointment ceremony for the new governor of the Central Bank of Cyprus, Mr. Christodoulos Patsalides, occurred this morning at the Presidential Palace, with the President of the Republic, Mr. Nikos Christodoulides, in attendance....
https://knews.kathimerini.com.cy/en/news/thanos-hotels-bold-move-into-greek-hospitality
With over 50 years of experience in the hospitality industry and a track record of highly successful operations in three ultra-luxurious hotels in Cyprus......
https://knews.kathimerini.com.cy/en/business/april-newsletter-of-k-treppides-co-ltd-cyprus-securities-and-exchange-commission
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...
https://knews.kathimerini.com.cy/en/news/chevron-s-new-proposal-for-aphrodite
March 31 marked the end of the three-month deadline given by Nicosia to the US company Chevron, a key partner in the joint venture for the development of Block 12 ...
https://knews.kathimerini.com.cy/en/news/cyprus-investment-association-unveils-€8-billion-in-projects
Members of the Cyprus Association of Large Investment Projects unveiled ambitious plans Thursday, highlighting 18 to 20 projects valued at over €8 billion. ...
https://knews.kathimerini.com.cy/en/comment/opinion/fortifying-digital-banks-and-battling-cyber-threats
The period we are going through raises serious concerns about the security of critical digital infrastructures. Among these, the most significant are those of banks, and in this direction...
https://knews.kathimerini.com.cy/en/business/lawyers-challenge-money-laundering-watchdog-in-cyprus
Establishing a system to oversee financial companies in Cyprus is proving tricky, according to an article written by Apostolos Tomaras. It all started when the US and UK slapped sanctions on Russia,...
https://knews.kathimerini.com.cy/en/business/employers-call-for-tax-reform-to-spur-economic-growth
Employers are advocating for a comprehensive overhaul of the tax system, proposing significant changes aimed at boosting economic activity and competitiveness. Here's a breakdown of their proposals:...
https://knews.kathimerini.com.cy/en/news/mykonos-faces-tourism-crisis-amid-declining-numbers
Despite promising signs for other parts of the country as regards the number of flights and seat bookings for the 2024 tourism season, Mykonos is seeing a decline in both indices for the second year in a row.
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https://knews.kathimerini.com.cy/en/news/cyprus-and-estonia-pledge-deeper-ties-across-borders
The similarities between Cyprus and Estonia, despite their geographical distance, noted on Wednesday in Nicosia......
https://knews.kathimerini.com.cy/en/business/business-loans-drop-home-loans-steady
The Central Bank of Cyprus reported on Wednesday that the net demand for corporate loans continued to decrease in the last quarter of 2023, marking a consistent downward trend since the first quarter of 2022, although at a slower pace than anticipated earlier in the year....
https://knews.kathimerini.com.cy/en/news/cyprus-estonia-presidents-meet-to-strengthen-ties
In a display of camaraderie and mutual interest, Cyprus President Nikos Christodoulides and Estonian President Alar Karis met Wednesday at the Presidential Palace, highlighting the strong bond between their nations despite geographical differences. ...
https://knews.kathimerini.com.cy/en/news/cyprus-economy-holds-steady-amid-challenges
Canadian credit rating agency DBRS Ratings GmbH (Morningstar DBRS) has affirmed the Republic of Cyprus's long-term ratings, maintaining it at BBB (high) with a stable economic outlook. ...
https://knews.kathimerini.com.cy/en/business/1-ideal-real-estate-investment-opportunities-for-sale-by-astrobank
AstroBank is selling a commercial plot in the centre of Nicosia and other properties that are ideal investment opportunities in Nicosia, Larnaca, Famagusta and Paphos....
https://knews.kathimerini.com.cy/en/news/europe-s-ambitious-plan-to-reignite-economic-engines
As Europe endeavours to uphold its competitiveness amidst economic rivals, its politicians believe they hold a concealed asset: the savings of its citizens, which remain unused and dormant....
https://knews.kathimerini.com.cy/en/comment/opinion/struggles-amidst-renovation-on-makarios-avenue
I've heard that two stores of a well-known chain recently closed down on Makarios Avenue, namely Etam and Undiz. While these brands thrive in malls and other cities, they seem to struggle in the heart of Nicosia....
https://knews.kathimerini.com.cy/en/news/occupied-territories-are-a-black-hole-for-illicit-funds
The recent update to the US-UK sanctions list, active since last April and aimed at Russia, continues to scrutinize Cypriot-based entities suspected of violating the Russian embargo. ...
https://knews.kathimerini.com.cy/en/news/cyprus-and-us-forge-anti-financial-crime-alliance
The Republic of Cyprus and the United States of America have announced a significant cooperation initiative aimed at enhancing the ROC's capabilities to combat illicit finance....
https://knews.kathimerini.com.cy/en/news/cyprus-economic-resilience-earns-high-credit-rating-confirmation
International rating agency Morningstar DBRS has confirmed Cyprus’ BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks.
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https://knews.kathimerini.com.cy/en/news/european-commission-flags-trade-risks-for-cyprus-economy
The Cypriot economy is on a sound footing due to solid economic growth and declining inflation, but its high integration with EU and non-EU economies make geopolitical and trade tensions......
