https://knews.kathimerini.com.cy/en/business/laiki-bank-liquidator-raises-€90-8-million-for-depositor-compensation
According to a report by Panayiotis Rougalas in this Sunday's Kathimerini, the liquidator of the former Laiki Bank, Avgoustinos Papathomas, has achieved a key milestone in efforts to compensate creditors, particularly depositors who lost money during the bank’s 2013 collapse....
https://knews.kathimerini.com.cy/en/business/bank-workers-union-sets-sights-on-big-move-in-bank-of-cyprus
Last Thursday, the Cyprus Bank Employees' Association (CBA) announced it had sold its shares in Hellenic Bank to Eurobank, but already, reports suggest ETYK, the Cyprus banking employees’ union, is eyeing its next investment....
https://knews.kathimerini.com.cy/en/news/cyprus-police-enhance-financial-crime-fighting-with-fbi-training
Cyprus police are receiving specialized training to tackle financial crimes, including money laundering and sanctions evasion, with significant assistance from the U.S. Federal Bureau of Investigation (FBI)....
https://knews.kathimerini.com.cy/en/news/akamas-road-project-delayed-again-as-investigation-continues
Decisions on key issues surrounding Akamas—particularly potential disciplinary proceedings for the first phase of the road network and the resumption of related work—are running behind schedule....
https://knews.kathimerini.com.cy/en/news/the-weeks-of-the-german-language-2024
The Embassies of Austria, Germany, Switzerland, and the Goethe-Institut Cyprus organize for the 8th consecutive year ''The Weeks of the German Language'' from the 1st to the 26th of November 2024. ...
https://knews.kathimerini.com.cy/en/news/storm-wreaks-havoc-in-limassol-and-paphos-floods-hospital-and-damages-farms
A powerful storm on Saturday brought significant damage to Cyprus, with Limassol and Paphos provinces hit hardest....
https://knews.kathimerini.com.cy/en/business/cyprus-government-revisits-foreign-investment-control-amid-hospital-takeovers
The foreign investment control (FDI) bill, often referred to as the ''Lonestar'' bill, has resurfaced in Cyprus, prompting fresh discussions about foreign ownership of critical sectors, according to a report by Panayiotis Rougalas in this Sunday's Kathimerini. ...
https://knews.kathimerini.com.cy/en/news/rising-rents-in-cyprus-causing-a-burden-for-middle-class-families
In an interesting article written by Kathimerini's Panayiotis Rougalas, the Cypriot government has launched programs aimed at addressing the country’s severe housing crisis, but high rent prices across Cyprus continue to stretch the budgets of most households, especially for middle and lower-middle-income families....
https://knews.kathimerini.com.cy/en/news/new-eu-rules-open-cyprus-s-troubled-loan-market-to-foreign-investors
In a move that could reshape Cyprus's financial landscape, Parliament recently passed a European Directive that makes it easier for foreign investors to buy non-performing loans (NPLs) in the country....
https://knews.kathimerini.com.cy/en/news/from-tiktok-to-parliament-cyprus-influencers-set-sights-on-2026-elections
Since Fidia's Panayiotou's election to the European Parliament, with nearly 73,000 votes, political observers in Cyprus have been analyzing the so-called "Fidias phenomenon."...
https://knews.kathimerini.com.cy/en/news/cyprus-unveils-first-zero-emissions-research-vessel
Cyprus celebrated the launch of its first zero-emissions vessel, EVPLOIA APHRODITE, on Thursday at the Larnaca Marina....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-shareholders-moving-at-different-speeds
CarVal Investors recently sold 3% of its 9.09% stake in Bank of Cyprus, sparking speculation that other shareholders may follow suit and sell their shares....
https://knews.kathimerini.com.cy/en/news/fidias-leads-protest-against-school-mobile-phone-ban-low-student-turnout
A protest against the recent ban on mobile phones in secondary and technical schools drew a modest turnout in Eleftherias Square, with about 60 to 70 students in attendance....
https://knews.kathimerini.com.cy/en/news/bank-profits-in-crosshairs-as-tax-talks-heat-up
The future of a special tax on bank deposits paid to the state may be heading for a shift, though a final decision is not guaranteed. ...
https://knews.kathimerini.com.cy/en/news/tornaritis-calls-mep-fidias-‘hitler-during-tense-tiktok-debate
A TikTok live session hosted by popular Cypriot influencer Nana ignited intense debate last night, featuring newly elected Member of the European Parliament (MEP) Fidias Panayiotou and businessman Christophoros Tornaritis...
https://knews.kathimerini.com.cy/en/news/tougher-penalties-for-employers-skirting-social-security
The government is poised to toughen penalties for undeclared work in an effort to address the widespread issue....
https://knews.kathimerini.com.cy/en/news/fidias-panayiotou-s-kyrenia-visit-sparks-outrage
According to Marina Economidou in Sunday's Kathimerini, Cypriot MEP Fidias Panayiotou has sparked a heated debate after visiting Kyrenia and staying at a hotel-casino, dividing public opinion into two camps: supporters and critics....
https://knews.kathimerini.com.cy/en/news/ministers-back-lgbtqi-strategy-in-cyprus
The Cyprus Council of Ministers approved Wednesday the creation of a National Strategy focused on the LGBTQI community. ...
https://knews.kathimerini.com.cy/en/news/ecb-to-review-akel-s-proposed-bank-tax-amid-financial-concerns
The European Central Bank (ECB) is set to evaluate a proposed "windfall tax" on banks, commonly associated with the leftist political party AKEL, in Cyprus. ...
https://knews.kathimerini.com.cy/en/news/lawyer-criticizes-mep-s-vacation-photo-in-occupied-cyprus
Lawyer Chris Triantafyllidis expressed outrage over a photograph of MEP Fidias Panagiotou, which depicted him relaxing with a hookah at a hotel in occupied Kyrenia.
...
https://knews.kathimerini.com.cy/en/news/vasilikos-new-systems-feed-3m-fish-at-once
Cypriot officials inaugurated two innovative floating fish feeding systems, marking a significant step forward for the country's aquaculture industry. Minister of Agriculture, Rural Development and Environment......
https://knews.kathimerini.com.cy/en/news/cyprus-worried-about-inflation-as-tensions-rise-between-israel-and-iran
The escalating conflict between Israel and Iran could disrupt global energy supply chains, with Cyprus likely to feel the effects....
https://knews.kathimerini.com.cy/en/news/cyprus-civil-defence-shelters-ready-for-30-of-population
Cyprus' Civil Defence has 2,200 shelters currently available, capable of accommodating 30% of the island's population in case of an emergency, according to spokesperson Panayiotis Liassides. Efforts are underway to increase the number of shelters, especially in urban areas....
https://knews.kathimerini.com.cy/en/news/kedipes-extends-business-plan-to-2030-for-full-repayment-of-state-aid
The Cyprus Asset Management Company (KEDIPES) has extended its business plan by three years, pushing its timeline to 2030, with the goal of fully repaying the €3.54 billion in state aid received in 2018....
https://knews.kathimerini.com.cy/en/news/cypriot-mep-questions-fairness-of-auditor-general-s-firing
Cypriot Member of the European Parliament (MEP) Fidias Panayiotou has submitted a parliamentary question to the European Commission regarding the recent dismissal of Cyprus’s Auditor General, Odysseas Michaelides. ...
https://knews.kathimerini.com.cy/en/business/the-rise-of-applied-regulatory-compliance-from-theory-to-practice
As regulatory expectations continue to soar, it is clear that firms must shift from mere consultation to actionable compliance. ...
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/boc-shares-open-at-4-78-on-athens-exchange-post-london-exit
The Bank of Cyprus made its debut on the Athens Stock Exchange (ASE) today, following the delisting of its shares from the London Stock Exchange (LSE).
...
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/bank-of-cyprus-moves-from-london-to-athens-stock-exchange-in-major-shift
In a series of significant moves, Cyprus's banking sector is undergoing notable changes this autumn....
