https://knews.kathimerini.com.cy/en/news/lois-builders-slams-contract-termination-cites-mismanagement-and-delays
Lois Builders Ltd. has issued a statement in response to the recent termination of its contract for the Fishing Reserve and Liopetriou River project, calling the move ''unprecedented.''...
https://knews.kathimerini.com.cy/en/news/boc-finalizes-sale-of-troubled-loans-to-boost-stability-and-growth
In September 2024, the Bank of Cyprus reached a deal with funds linked to Cerberus Global Investments B.V. to sell a portfolio of non-performing loans—primarily business loans backed by collateral. ...
https://knews.kathimerini.com.cy/en/business/cyprus-cracks-down-on-prolonged-standing-in-workplaces
Cyprus is stepping up efforts to protect workers from prolonged standing at their jobs, with a nationwide inspection campaign and stricter enforcement of new legislation aimed at improving workplace conditions....
https://knews.kathimerini.com.cy/en/business/hellenic-bank-reports-€284-4m-profit-for-2024
Hellenic Bank reported a profit of €284.4 million for the first nine months of 2024, up from €240.7 million in the same period last year....
https://knews.kathimerini.com.cy/en/news/cyprus-repays-over-€1b-in-debt-easing-financial-strain
Cyprus made strides in paying down its debt in the second quarter of 2024, settling over €1 billion in bonds and loans....
https://knews.kathimerini.com.cy/en/news/larnaca-court-sentences-two-minors-for-hotel-arson
The Larnaca District Court today sentenced two 17-year-old unaccompanied minors from Syria to two years of immediate imprisonment after finding them guilty of arson in a case that was heard behind closed doors.
...
https://knews.kathimerini.com.cy/en/news/are-you-a-flamingo-in-disguise-time-to-test-your-one-legged-skills
A new study suggests that the ability to balance on one leg can be a significant indicator of health for individuals aged 50 and older. Researchers found......
https://knews.kathimerini.com.cy/en/news/cyprus-and-us-a-partnership-through-decades-of-change-and-challenge
As President Nikos Christodoulides arrives at the White House today for an anticipated meeting with President Joe Biden, this event represents a defining moment in Cyprus-U.S. relations....
https://knews.kathimerini.com.cy/en/news/harris-and-trump-neck-and-neck-in-final-stretch
As the November 5 election approaches, former President Donald Trump and Vice President Kamala Harris are in a tight race for the White House, according to the latest New York Times/Siena poll, which shows them tied at 48% among likely voters. ...
https://knews.kathimerini.com.cy/en/news/cyprus-and-u-s-launch-historic-strategic-dialogue-to-strengthen-bilateral-ties
Nicosia and Washington are forming a concrete footprint for deepening their bilateral relations at the strategic level with the first-ever CY-US Strategic Dialogue launched today. ...
https://knews.kathimerini.com.cy/en/news/cyprus-and-u-s-launch-first-strategic-dialogue-in-nicosia
According to the Ministry of Foreign Affairs, Nicosia will host the first-ever Strategic Dialogue between Cyprus and the United States this Wednesday....
https://knews.kathimerini.com.cy/en/news/ecb-cuts-rates-again-as-eurozone-inflation-and-economy-struggle
The European Central Bank (ECB) has cut interest rates for the third time, marking the first consecutive reduction in 13 years....
https://knews.kathimerini.com.cy/en/business/winners-of-robotex-and-mrc-cyprus-2024-awarded-at-the-bank-of-cyprus
The winners of the 7th Robotex Cyprus and the 1st Minoan RobotSports Competition MRC Cyprus that took place last June under the auspices of the President of the Republic, Nikos Christodoulides, were honored.
...
https://knews.kathimerini.com.cy/en/comment/opinion/behind-the-numbers-are-cyprus-s-non-performing-loans-just-a-makeup-job
Are there good makeup artists in Cyprus? Sometimes I wonder, but since I’m out of the fashion scene, I can’t say for sure. However, when I think back to the banking events of the last 15 years, then yes—at least in the banks, they exist....
https://knews.kathimerini.com.cy/en/business/freedom-holding-corp-marks-5th-anniversary-of-nasdaq-ipo-with-significant-growth-milestones
Freedom Holding Corp. (FRHC) is celebrating the fifth anniversary of its IPO on the Nasdaq Capital Market, one of the world’s leading stock exchanges. ...
https://knews.kathimerini.com.cy/en/news/protests-rise-against-barcelona-s-growing-tourist-influx
Barcelona is grappling with a surge in tourism that has led to rising tensions among locals. Iconic landmarks like Sagrada Familia and Park Güell, along with bustling streets like Las Ramblas, are attracting 170,000 visitors daily, according to city authorities. ...
https://knews.kathimerini.com.cy/en/news/ecb-cautiously-prepares-for-further-rate-reductions
The intention of the central bankers on the European Central Bank’s (ECB) Governing Council to proceed with another interest rate cut next week, as inflation data proves favorable, is indirectly but clearly reflected in the minutes of their last meeting, released today....
https://knews.kathimerini.com.cy/en/news/2-2-million-visitors-since-varosha-s-reopening-tatar-says
Long-term goals for Varosha include the demolition and reconstruction of some buildings, as well as the renovation of others, which would contribute to the economy of the Turkish-occupied north, Turkish Cypriot leader Ersin Tatar said.
...
https://knews.kathimerini.com.cy/en/news/cyprus-central-bank-raises-2024-gdp-growth-forecast-to-3-5
The Central Bank of Cyprus (CBC) has revised GDP growth rate up by 0.5 percentage points for 2024, to 3.5%, compared to its forecasts last June, stressing that there does not seem to be any significant negative impact on investments from the conflict in the Middle East.
...
https://knews.kathimerini.com.cy/en/business/deloitte-cyprus-issues-its-annual-transparency-report-fostering-resilience-creating-enduring-value
Deloitte Cyprus issued its 13th Transparency Report covering the period from 1 June 2023 to 31 May 2024. ...
https://knews.kathimerini.com.cy/en/news/first-lady-returns-to-foreign-affairs-duties-amid-allowance-controversy
First Lady Philippa Karsera-Christodoulides is set to return to her position at the Ministry of Foreign Affairs following the expiration of her unpaid leave granted after her husband, Nikos Christodoulides, was elected President of the Republic. ...
https://knews.kathimerini.com.cy/en/news/cyprus-falls-behind-on-eu-recovery-plan-meets-only-5-of-targets
In today's 'Oikonomiki', Panayiotis Rougalas reports that Cyprus has only achieved 5% of the milestones outlined in its Recovery and Resilience Plan (RRP), falling far behind other European Union countries in implementing reforms tied to the EU’s Next Generation funding program....
https://knews.kathimerini.com.cy/en/news/illegal-construction-raises-concerns-at-latchi-tourist-site
Authorities are grappling with a series of planning violations at a tourist complex in Latchi, Cyprus, being developed by Israeli interests....
https://knews.kathimerini.com.cy/en/news/julian-assange-set-to-testify-before-the-council-of-europe
Julian Assange will testify before the Council of Europe on October 1, a key moment in his ongoing fight for justice. The founder of WikiLeaks will speak to the Committee on Legal Affairs and Human Rights at the Palace of Europe, with the session set to take place from 8:30 a.m. to 10 a.m....
https://knews.kathimerini.com.cy/en/news/cypriot-loan-servicers-struggle-as-red-loans-hit-€21-2b
While non-performing loans (NPLs) in Cypriot banks are gradually declining, the situation remains dire for "red loans" held by loan acquisition companies, or "servicers." ...
https://knews.kathimerini.com.cy/en/news/eu-cuts-funds-to-hungary-over-unpaid-asylum-fine
The European Union has begun the process of reclaiming hundreds of millions of euros meant for Hungary after the country's government refused to pay a significant fine for violating the bloc’s asylum rules....
https://knews.kathimerini.com.cy/en/business/building-permits-surge-150-in-june-amid-major-reform
Building permits issued in Cyprus saw a massive 150% jump in June 2024 compared to the same month last year, as authorities worked to clear a backlog ahead of a major reform. ...
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/cyprus-supreme-court-to-rule-on-auditor-general-s-potential-dismissal
UPDATE: The Supreme Constitutional Court unanimously ruled Wednesday to suspend Auditor General Odysseus Michaelides, citing misconduct and incompetence....
https://knews.kathimerini.com.cy/en/news/decision-pending-on-auditor-general-s-fate
The Supreme Constitutional Court began its session at 9:30 p.m. on Wednesday to deliberate on Attorney General George Savvides' request for the dismissal of Auditor General Odysseas Michailidis over alleged "improper conduct."...
