https://knews.kathimerini.com.cy/en/business/chess-is-set-to-receive-30-million-euros-over-four-years-this-is-the-plan-of-the-new-fide-president-timur-turlov
On 26 September, at the Congress of the International Chess Federation (FIDE) in Samarkand, a new president was elected. The post was taken by 38-year-old Timur Turlov, founder and CEO of Freedom Holding. Over the next four years, he is prepared to invest around €30 million in the development of chess. This money will go towards creating a global ecosystem that will cater to both grandmasters and the millions of enthusiasts of this ancient game. What changes lie ahead for the world of chess?
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https://knews.kathimerini.com.cy/en/news/government-seeks-stronger-powers-to-seize-crime-profits-even-without-a-conviction
A bill bringing Cyprus into line with EU Directive 2024/1260 on asset recovery and confiscation represents an important tool in the fight against money laundering....
https://knews.kathimerini.com.cy/en/comment/opinion/france-welcome-to-greece-s-2010
“Good morning, France. Welcome to what Greece went through in 2010.” I have always believed that France is the hardest country in Europe to reform and that if it were forced to do what we did under the bailout agreements, we would see another storming of the Bastille....
https://knews.kathimerini.com.cy/en/news/six-major-eu-countries-face-a-€4-8-trillion-debt-‘bomb
Borrowing money was once so cheap that some European governments paid no interest at all. Now those debts are coming due, and replacing them will cost considerably more....
https://knews.kathimerini.com.cy/en/news/akamas-works-caused-damage-that-cannot-be-undone-audit-finds
The Audit Office has identified serious gaps in the environmental safeguards for construction projects in Akamas, highlighting weaknesses stretching from the initial planning and environmental assessment to construction, supervision, and the handling of violations....
https://knews.kathimerini.com.cy/en/life/her-daughter-came-home-after-471-days-learning-to-be-her-mother-again-came-next
''You weren’t there to hold my hand when I needed you.'' Romi Gonen said those words to her mother after coming home from 471 days in Hamas captivity....
https://knews.kathimerini.com.cy/en/news/france-s-money-troubles-could-reach-your-wallet-in-cyprus
France’s financial problems may feel a long way from the weekly supermarket shop in Nicosia. But when they drag down the euro, the effects can travel....
https://knews.kathimerini.com.cy/en/news/double-your-money-in-50-days-greek-police-uncover-alleged-$8-million-crypto-pyramid-scheme
At least 10,000 people were reportedly recruited into an investment scheme that raised about $8 million by promising to double their money within 50 days through cryptocurrency trading powered by artificial intelligence....
https://knews.kathimerini.com.cy/en/business/could-we-soon-pay-without-visa-or-mastercard-europe-is-building-another-option
You pay for a coffee, buy something online or send money to a friend abroad. It takes seconds. But behind that everyday transaction lies a bigger question: who controls the systems that keep money moving?...
https://knews.kathimerini.com.cy/en/business/start-your-next-shop-from-your-fridge-lidl-cyprus-powerful-campaign-to-reduce-food-waste
A year after the "Our Strength" campaign, the company returns on the International Day of Awareness of Food Loss and Waste with a simple yet highly significant message for its customers—one that saves money and contributes substantially to reducing food waste.
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https://knews.kathimerini.com.cy/en/news/central-bank-keeps-banks-safety-cushion-at-1-5-what-does-that-mean-for-you
The Central Bank of Cyprus has decided to keep the country’s countercyclical capital buffer at 1.5%, a term that sounds technical but essentially means banks must continue keeping extra money in reserve for difficult times....
https://knews.kathimerini.com.cy/en/news/filling-the-heating-oil-tank-could-cost-€650-more-this-winter
Winter has not properly arrived yet, but the bill is already beginning to take shape....
https://knews.kathimerini.com.cy/en/news/ukraine-eyes-porn-decriminalisation-as-new-source-of-war-tax-revenue
Ukraine is considering a surprising way to bring more money into state coffers as it continues funding its war against Russia: decriminalising pornography and taxing the industry....
https://knews.kathimerini.com.cy/en/comment/opinion/let-them-eat-sponge-cake
Marie Antoinette, Queen of France, urged the poor of France to eat cake because they had no bread. And every now and then, some of the Government’s housing schemes make me quietly whisper “cake” to myself and smile....
https://knews.kathimerini.com.cy/en/news/cyprus-to-review-12-000-golden-visas-and-tighten-scheme-before-schengen-entry
Cyprus plans to tighten its “golden visa” programme before joining the Schengen Area, Deputy Minister of Migration Nicholas Ioannides told MPs on Thursday....
https://knews.kathimerini.com.cy/en/news/limassol-artists-still-waiting-three-months-for-payment-after-municipal-event
Artists who worked at a cultural event organised by the Limassol Municipality have reportedly been waiting for their payment for almost three months, according to actor Yolanda Christodoulou, who has publicly called for an explanation....
https://knews.kathimerini.com.cy/en/news/‘we-know-who-they-are-poachers-rake-in-€10-million-a-year
Poachers in Cyprus are estimated to make more than €10 million in profits each year. Both the enormous sums involved and the cases presented before the House Environment Committee suggest that existing penalties are failing to act as an effective deterrent....
https://knews.kathimerini.com.cy/en/news/man-arrested-over-€89-000-‘prince-of-gabon-scam-in-famagusta-district
A 46-year-old man has been arrested in Cyprus over a bizarre 2022 scam in which a Famagusta businessman allegedly paid €89,000 to help “clean” €1 million in white-painted banknotes....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-returns-to-an-a-rating-but-what-happens-next-matters-more
After 15 years, the Republic of Cyprus has once again secured an A rating from S&P. This achievement closes a major chapter and gives us reason to look back at the recent history of our economy....
https://knews.kathimerini.com.cy/en/news/nicosia-business-and-residents-group-calls-for-mayor-s-resignation
A representative committee speaking on behalf of shopkeepers, residents, small business owners and property owners in Nicosia’s historic commercial centre has called for Mayor Charalambos Prountzos to resign over his handling of plans to redevelop the capital’s pedestrianised streets....
https://knews.kathimerini.com.cy/en/news/after-years-of-talk-cyprus-tells-chevron-it-is-time-to-turn-aphrodite-into-gas
Cyprus has spent years talking about the natural gas beneath its waters. Now, President Nikos Christodoulides says it is time to move from plans and promises to actual production....
https://knews.kathimerini.com.cy/en/business/israeli-investment-and-migration-reshape-cyprus-property-market
The Republic of Cyprus is seeing a growing Israeli presence as more Israelis buy homes, establish businesses and invest in large-scale developments, with some choosing to make the island their permanent home....
https://knews.kathimerini.com.cy/en/business/s-p-upgrades-cyprus-to-a-opening-the-door-for-banks-to-follow
Standard & Poor’s (S&P) upgrade of Cyprus is a major recognition for the country, although it did not come as a surprise, given the strong performance of the Cypriot economy. The upgrade also opens the door to further rating improvements in the private sector....
https://knews.kathimerini.com.cy/en/news/fitiris-cuts-police-protection-for-former-officials-to-reduce-state-spending
Justice Minister Costas Fitiris’ review of police protection for political figures and former state officials is already freeing officers for other duties, as the government continues efforts to reduce unnecessary public expenditure....
https://knews.kathimerini.com.cy/en/news/nursing-students-abroad-could-receive-grants-of-up-to-€5-750
Cypriot students studying nursing or midwifery abroad could soon qualify for the same state grants offered to those attending recognized institutions in Cyprus....
https://knews.kathimerini.com.cy/en/news/scammers-cloned-relatives-voices-with-ai-to-steal-€1-million-police-say
A familiar voice on the phone is usually enough to put someone at ease. According to Greek police, one criminal group turned that trust into a tool for stealing more than €1 million....
https://knews.kathimerini.com.cy/en/news/no-more-free-parking-cyprus-church-introduces-€2-daily-fee
Free parking is coming to an end at a church car park in Strovolos, with drivers set to pay €2 a day from next Monday....
https://knews.kathimerini.com.cy/en/news/revolut-data-breach-puts-cyprus-users-on-scam-alert
Revolut has suffered a data breach after fraudsters posing as government officials tricked the financial technology company into releasing sensitive customer information....
https://knews.kathimerini.com.cy/en/news/hospitals-schools-and-beaches-avoid-strike-disruption-for-now
If you had a hospital appointment, children at school, business at a government department, or plans for a final September swim, Thursday came with one less headache....
https://knews.kathimerini.com.cy/en/news/pension-reform-hits-resistance-as-workers-ask-who-pays-the-bill
Cyprus’ long-awaited pension reform is running into resistance, with workers’ unions warning that some of the most important questions remain unanswered: Will employees have to pay more? Will future pensioners receive enough to live on? And who will ultimately pick up the bill?...
