https://knews.kathimerini.com.cy/en/news/naomi-campbell-banned-from-charity-role-for-misusing-funds
Supermodel Naomi Campbell has been banned from serving as a trustee for any charity for five years after an investigation revealed significant financial misconduct within her organization, Fashion For Relief....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-have-€28-7-billion-in-cash-and-liquidity
The amount of liquidity in Cyprus's banking system rose to €28.7 billion in August 2024, according to the Central Bank of Cyprus (CBC). This increase was fueled by a growth in deposits alongside a decline in loans....
https://knews.kathimerini.com.cy/en/business/sklaventis-cyprus-opens-new-office-in-limassol
Sklavenitis Cyprus has officially inaugurated its new four-story office building in Polemidia, Limassol, which encompasses 2,000 square meters and accommodates 170 workstations. ...
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/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/cypriots-flock-to-greece-and-europe-for-october-holidays
In a report by Kathimerini's Anna Polyviou, it seems that Cypriots are already planning their next leisure trips for the 1st and 28th of October, with many taking advantage of the extended weekends for short getaways abroad....
https://knews.kathimerini.com.cy/en/news/thousands-flee-southern-lebanon-amid-israeli-strikes
Thousands of civilians are fleeing southern Lebanon as intense Israeli airstrikes target Hezbollah positions, creating a mass exodus that has choked major roads leading to Beirut....
https://knews.kathimerini.com.cy/en/news/sahara-desert-turns-green-after-rare-heavy-rains
The typically dry and barren Sahara Desert is experiencing an unusual burst of greenery following heavy rainfall in early September. ...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-shares-surge-4-6-on-first-day-back-in-athens
Bank of Cyprus shares surged on their first day of trading at the Athens Exchange, reaching €5.00, marking a notable return to the Greek financial market after seven years....
https://knews.kathimerini.com.cy/en/comment/opinion/cypriots-discuss-roadmap-to-constitutional-unity-for-a-federal-state
A bicommunal research program titled "Developing Common Ideas on Constitutional Issues," funded by the European Union, is engaging Greek Cypriots (GC) and Turkish Cypriots......
https://knews.kathimerini.com.cy/en/news/first-student-housing-set-to-open-in-old-town-nicosia
The first student residence inside Nicosia’s walled city will open in November, offering 13 rooms as part of a larger plan to create 380 student spaces. ...
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/cera-approves-€125m-for-cyprus-crete-power-link
The Cyprus Energy Regulatory Authority (CERA) has approved an annual investment recovery of €25 million for the Cyprus-Crete electricity interconnection project, also known as the Great Sea Interconnector (GSI), covering the period from January 1, 2025, to December 31, 2029....
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/news/cyprus-faces-water-shortage-as-dams-reach-critically-low-levels
Cyprus is facing a significant water shortage as dam levels plummet due to a severe drought and ongoing climate changes, raising concerns among national and local authorities. ...
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/record-sea-turtle-nests-found-on-british-base-beaches
British Bases (BB) beaches are celebrating a milestone in sea turtle conservation, with a record-breaking 382 turtle nests recorded across their sandy shores this year, according to environmental experts. The new record surpasses last year’s total of 282 nests, which was the second-highest count ever....
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/tourist-arrivals-hit-record-high-in-cyprus-for-august
Tourist arrivals in Cyprus reached an all-time high in August 2024, with 554,923 visitors, surpassing the previous record set in August 2019 by 0.20%, according to data released by the Cyprus Statistical Service....
https://knews.kathimerini.com.cy/en/business/luxury-properties-residential-parcels-for-sale-by-astrobank
AstroBank has listed for sale large houses, residential parcels of land in Nicosia and Paphos, as well as a commercial building in Nicosia with all the amenities....
https://knews.kathimerini.com.cy/en/news/phase-one-of-paralimni-marina-set-for-completion-by-year-s-end
The first phase of the Paralimni Marina, which will feature 300 berths, is expected to be completed by the end of the year, with the first boats arriving before the start of the next tourist season, according to Paralimni-Deryneia Mayor George Nikolettos....
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/business/fitch-upgrades-hellenic-bank-s-rating
Fitch Ratings has raised Hellenic Bank’s (HB) support rating from ‘bb-’ to ‘bb’, thanks to a similar boost for Eurobank S.A., which owns a majority stake in HB. This change reflects Eurobank’s growing role and influence over HB....
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....
https://knews.kathimerini.com.cy/en/news/what-makes-a-good-salary-across-europe-s-capitals
What constitutes a good salary in Europe can vary greatly depending on several factors, including profession, education, and individual expectations. ...
https://knews.kathimerini.com.cy/en/business/sales-of-locally-produced-goods-jump-13-7-in-2022
In 2022, Cyprus saw a big jump in sales from local factories, reaching €4.29 billion, up 13.7% from the previous year’s €3.78 billion, according to the Statistical Service of Cyprus (Cystat)....
https://knews.kathimerini.com.cy/en/news/cyprus-hits-record-in-residence-permits-but-sees-first-decline-in-over-a-decade
In 2023, the European Union issued a record 3.7 million first residence permits to non-EU citizens, with Cyprus issuing around 34,000 of these permits, according to Eurostat data....
https://knews.kathimerini.com.cy/en/news/larnaka-and-pafos-airports-set-record-for-passenger-traffic
The period from January to August 2024 saw the highest passenger traffic ever at Larnaka and Pafos airports, according to the Ministry of Transport, Communications, and Works....
https://knews.kathimerini.com.cy/en/business/second-quarter-first-half-2024-financial-results
AEGEAN announces its financial results for the Second Quarter and First Half of 2024.
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https://knews.kathimerini.com.cy/en/news/cyprus-banks-praised-for-stronger-sanctions-enforcement-by-us
US sanctions imposed on entities and individuals in Cyprus are not targeting the country, but “oligarchs and arms traders” enabling “the Kremlin war machine” to continue the war in Ukraine......
