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/eu-takes-cyprus-to-court-over-tax-law-delays
The European Commission has referred Cyprus, along with Spain, Poland, and Portugal, to the European Court of Justice for failing to implement the 2022 directive on a global minimum level of taxation for multinational corporations and large companies (Pillar 2 directive)....
https://knews.kathimerini.com.cy/en/news/major-tobacco-smuggling-bust-shakes-cyprus
In a big win against tobacco smuggling, Customs officials and local police have seized a large amount of untaxed tobacco products in Larnaca and Limassol over the past two days....
https://knews.kathimerini.com.cy/en/news/cyprus-must-embrace-unity-to-find-peace-says-un-official
''If we hope for a settlement to the Cyprus issue, Cypriots must learn to live together on the island again,'' says UN Official Colin Stewart....
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/news/cyprus-dirty-waste-secret-haunts-ex-minister-eyeing-eu-job
A waste management scandal in Cyprus is casting a shadow over former environment minister Costas Kadis, just as he seeks a prominent position in the European Union....
https://knews.kathimerini.com.cy/en/news/why-cyprus-is-not-at-risk-from-iran-s-ballistic-missiles
The recent escalation between Israel and Iran—marked by Tehran’s ballistic missile attack on Israel Tuesday night—and the ongoing conflict in Lebanon have raised concerns for the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-credit-rating-upgraded-due-to-strong-economy-and-lower-debt
Rating Agency Capital Intelligence Ratings (CI) has upgraded Cyprus’ Long-Term Foreign Currency Rating (LT FCR) and Short-Term FCR (ST FCR) to ‘BBB’ and ‘A2’, respectively, from ‘BBB-’ and ‘A3’, maintaining a positive outlook....
https://knews.kathimerini.com.cy/en/news/us-urges-tighter-oversight-of-cypriot-service-providers-to-combat-financial-crime
Cypriot accountants and lawyers are under pressure from U.S. authorities to align with banking standards in combating financial crime. ...
https://knews.kathimerini.com.cy/en/news/cyprus-abolishes-planning-permission-for-low-risk-developments
According to a report by Kathimerini's Pavlos Neophytou, effective October 2, 2024, Cyprus will eliminate the need for planning permission for low-risk developments, such as the construction of one or two residential units. ...
https://knews.kathimerini.com.cy/en/news/127-236-people-in-cyprus-were-at-risk-of-poverty-in-2023
Nearly 14% of people in Cyprus were at risk of poverty in 2023, according to a new report from the Statistical Service of Cyprus. This means around 127,236 individuals lived on a yearly disposable income of €11,324 or less....
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/amendment-introduced-to-share-geopolitical-risks-equally-on-gsi
Late last night, Greece's Ministry of Environment and Energy introduced an important amendment that aims to share the geopolitical risks equally between Greece and Cyprus for the Great Sea Interconnector, ...
https://knews.kathimerini.com.cy/en/business/tighter-lending-rules-for-businesses-while-household-loans-remain-steady
Cypriot banks made it harder for businesses to get loans in the second quarter of 2024, while lending rules for households stayed the same, according to a new survey by the Central Bank of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/news/cyprus-greece-and-france-discuss-regional-tensions-and-energy-in-new-york
Leaders from Cyprus, Greece, and France met in New York on Tuesday to discuss rising tensions in the Eastern Mediterranean and a major energy project connecting Cyprus and Greece....
https://knews.kathimerini.com.cy/en/news/uk-deploys-700-troops-to-cyprus-for-potential-lebanon-evacuation
The UK government has announced plans to deploy 700 troops to Cyprus in preparation for a potential evacuation of British nationals from Lebanon, amid escalating violence between Israel and Hezbollah. ...
https://knews.kathimerini.com.cy/en/comment/opinion/the-fall-of-the-man-who-held-the-powerful-accountable
In the famous film ''Dead Poet's Society'', Welton is an exclusive private boarding school for the American elite, where tradition reigns supreme. The school is conservative and strict, with its main values encapsulated in the motto: ''Tradition, Honor, Discipline, Excellence.''...
https://knews.kathimerini.com.cy/en/news/hezbollah-leader-calls-israeli-attack-a-declaration-of-war
In a televised speech Thursday, Hezbollah leader Hassan Nasrallah condemned Israel's remote detonation of pagers and walkie-talkies in Lebanon as a ''declaration of war.''...
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/eurobank-and-india-collaborate-to-create-strategic-business-council
Mr. Ioannou raised concerns about whether the bank has a plan to maintain its strong profitability, which has largely come from rising interest rates......
https://knews.kathimerini.com.cy/en/news/michalis-louis-appointed-ceo-of-hellenic-bank
Michalis Louis has been appointed as the new Chief Executive Officer of Hellenic Bank Public Company Limited at the Annual General Meeting of the Shareholders of the Bank, with immediate effect, according to a decision taken by the Board of Directors of the bank......
https://knews.kathimerini.com.cy/en/news/blinken-pushes-for-gaza-cease-fire-in-cairo
U.S. Secretary of State Antony Blinken arrived in Cairo early this morning as part of a lightning visit to Egypt, a key U.S. ally, to discuss efforts for a cease-fire between Israel and Hamas in Gaza, according to a correspondent from the French News Agency....
https://knews.kathimerini.com.cy/en/news/minister-backs-cyprus-crete-cable-raek-to-review
According to Apostolos Tomaras' article which was published in Kathimerini's Cyprus edition, Cyprus and Greece are poised to resolve lingering issues surrounding the electricity interconnection project between Cyprus and Crete......
https://knews.kathimerini.com.cy/en/news/cabinet-approves-€25m-funding-for-electricity-cable-project-over-5-years
Cypriot President Nicos Christodoulides will travel to Athens following a positive decision regarding the electricity cable project. On Thursday, he is scheduled to hold a private meeting with Greek Prime Minister Kyriakos Mitsotakis....
https://knews.kathimerini.com.cy/en/news/clashes-halt-limassol-derby-police-and-fans-blame-each-other
Despite declarations from authorities and the government to crack down on hooliganism and sports-related violence, the new football season in Cyprus has already been marred by widespread unrest. ...
https://knews.kathimerini.com.cy/en/comment/opinion/will-the-great-sea-interconnector-become-another-failed-project
The Cyprus-Greece electrical interconnection, known as the Great Sea Interconnector, has highlighted the challenges of publicly discussing such a significant project....
https://knews.kathimerini.com.cy/en/news/greek-authorities-warn-of-turkish-mafia-s-espionage-risk
A confidential report authored by Greek security authorities charting the activity of the Turkish mafia in Greece has issued a stern warning about the risk of its being used as a tool by secret services....
https://knews.kathimerini.com.cy/en/comment/opinion/cypriot-president-criticized-for-overtime-and-pension-controversies
Last September, Cypriot society witnessed the debacle involving Doxa Komodromou, who, despite being an official, billed the state for overtime at the president's request for events and speeches outside regular hours....
https://knews.kathimerini.com.cy/en/news/cyprus-faces-critical-challenges-in-key-energy-projects
Cyprus is grappling with pivotal energy projects at a crucial juncture. ...
https://knews.kathimerini.com.cy/en/news/cyprus-and-greece-near-deal-on-critical-electricity-interconnection-project
The upcoming visit of Cypriot President Nicos Christodoulides to Athens on Wednesday could mark the end of months of uncertainty surrounding the Cyprus-Crete electricity interconnection project, according to a report by Apostolos Tomaras in Sunday's Kathimerini....
