https://knews.kathimerini.com.cy/en/news/finmin-stresses-importance-of-stable-legislation-for-out-of-court-auctions
The Finance Ministry has stressed the importance of having stable legislation regulating out-of-court auctions, in tandem with an effective insolvency framework in order to achieve a reduction of bad loans....
https://knews.kathimerini.com.cy/en/business/exceptional-residential-plots-available-for-sale-by-astrobank
AstroBank has listed for sale residential plots in various areas of Cyprus like Paralimni, Strovolos and Peyia, that are ideal as an investment or private use....
https://knews.kathimerini.com.cy/en/news/ministry-of-labor-building-may-not-be-structurally-sound
The House of Representatives Internal Affairs Committee sounded the alarm on Cyprus and Public Services' degree of preparedness in the event of strong seismic activity following a meeting on March 16. ...
https://knews.kathimerini.com.cy/en/news/driver-in-double-hit-and-run-guilty-of-manslaughter
A man who was detained in a double hit and run fatality in December 2021 was found guilty of manslaughter on Wednesday, with Paphos police still unable to locate the first car that struck a local woman unconscious...
https://knews.kathimerini.com.cy/en/business/generative-ai-could-automate-300mn-jobs
According to a report in the Financial Times, Goldman Sachs has found that "generative" AI systems such as ChatGPT could lead to the automation of a quarter of the work done in the US and eurozone....
https://knews.kathimerini.com.cy/en/news/mossad-helps-greece-make-terror-arrests
Greek police said on Tuesday they had arrested two men suspected members of a group that was planning an attack against a Jewish restaurant in Athens, a case which Israel said was orchestrated from Iran...
https://knews.kathimerini.com.cy/en/news/ukrainian-gets-half-year-in-russian-knife-attack
A Ukrainian woman in Cyprus who carried out a knife assault against a group of Russians last year has been sentenced to six months in prison on common assault after being acquitted on more serious charges of incitement to hatred and violence...
https://knews.kathimerini.com.cy/en/news/yousaf-s-victory-in-scotland-underscores-the-changing-face-of-uk-politics
When Humza Yousaf took his oath of allegiance in the Scottish parliament in 2016, he wore a gold embroidered sherwani – a traditional South Asian jacket – and a kilt....
https://knews.kathimerini.com.cy/en/news/rain-snow-and-sleet-expected-in-the-mountains-as-temps-drop
Today, after the dissipation of low clouds and fog in the morning, mostly clear weather is expected, though locally, increasing clouds may occur. In the afternoon, ...
https://knews.kathimerini.com.cy/en/news/nicosia-clarifies-position-on-turkey-s-bid-to-lead-imo
There will be no issue as regards the Republic of Cyprus' membership of the International Maritime Organization in the event that Turkey is elected as its Secretary-General, President Nikos Christodoulides said on Monday...
https://knews.kathimerini.com.cy/en/news/bank-deposits-increase-by-€357-1-million-in-february
Total deposits in February 2023 recorded a net increase of €357.1 million, compared with a net decrease of €583,8 million in January 2023....
https://knews.kathimerini.com.cy/en/news/keravnos-urges-banks-to-restructure-loans-and-keep-rates-low
Cyprus Finance Minister Makis Keravnos has urged banks to restructure loans, maintain low lending rates and bank charges, and increase deposit rates in light of continued basic rate hikes by Central Banks. He warned that otherwise the government "would make different thoughts."...
https://knews.kathimerini.com.cy/en/news/europe-s-largest-economy-paralyzed-over-strikes
Airports and bus and train stations across Germany were at a standstill on Monday, causing disruption for millions at the start of the working week during one of the largest walkouts in decades as Europe's biggest economy reels from inflation....
https://knews.kathimerini.com.cy/en/news/mansion-tax-introduced-to-help-homeless-californians
Some of the biggest names in Hollywood are rushing to sell their multi-million-dollar houses in Los Angeles before a new “mansion tax” kicks in on April 1....
https://knews.kathimerini.com.cy/en/news/2-march-newsletter-of-k-treppides-co-ltd-cysec
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....
https://knews.kathimerini.com.cy/en/news/saudi-national-bank-president-resigns
The chairman of Saudi National Bank, which was the main shareholder of Credit Suisse before its takeover earlier this month, has resigned, according to a statement published on the Saudi stock exchange....
https://knews.kathimerini.com.cy/en/news/ec-pushing-cyprus-to-pass-home-vat-bill-or-risk-sanctions
Cyprus is currently facing a serious issue with the 5% VAT rate for first-time homeowners. The European Commission has issued a final warning to pass a bill that regulates the issue that has been ongoing since 2020....
https://knews.kathimerini.com.cy/en/business/real-estate-investment-opportunities-by-astrobank
Houses, building plots, agricultural, commercial, and industrial real estate, in many areas of Cyprus...
https://knews.kathimerini.com.cy/en/news/tax-evaders-beware-of-what-you-post-on-social-media
According to a report in the Sunday edition of realnews.gr, the Greek Government plans to identify hidden income earned by individuals and companies that conduct business online. ...
https://knews.kathimerini.com.cy/en/news/nicosia-unenthusiastic-about-greco-turkish-un-bids
Nicosia says a new effort by Greece and Turkey to improve their relations is positive, but Greek Cypriot officials have been less excited about Athens and Ankara supporting each other’s bids in the United Nations...
https://knews.kathimerini.com.cy/en/news/single-eu-work-residence-permit-for-3rd-country-nationals
The Members of the European Parliament’s Civil Liberties Committee have agreed today on a draft legislation that updates the way single work and residence permits for third-country nationals are issued....
https://knews.kathimerini.com.cy/en/business/cbc-estimates-gdp-growth-at-2-6-in-2023
The Central Bank of Cyprus (CBC) has marginally upgraded its projections for GDP growth this year citing the slightly improved prospects in the external economic environment and the anticipated lower energy prices, amid the continued war in Ukraine....
https://knews.kathimerini.com.cy/en/news/clocks-in-cyprus-spring-forward-this-weekend
Residents in Cyprus will lose an hour of sleep after Daylight Saving Time goes into effect Sunday morning, with European officials and public opinion still divided on whether there is value in switching back and forth at all...
https://knews.kathimerini.com.cy/en/news/asylum-applications-up-by-490-since-2016
Interior Minister Constantinos Ioannou told MPs on Thursday that the number of applications for international protection increased by 490% since 2016, pointing out the need to implement an EU action plan for the Eastern Mediterranean with a view to reducing migratory flows....
https://knews.kathimerini.com.cy/en/news/cyprus-and-bahrain-recommit-to-new-cooperation
The Cypriot consul in Bahrain has issued a statement about a series of meetings in Manama on bilateral cooperation, following a diplomatic incident and further steps by Nicosia to install an ambassador in the Kingdom...
https://knews.kathimerini.com.cy/en/news/california-use-of-police-dogs-to-be-curbed-due-to-racial-bias
The California Assembly's Public Safety Committee has approved a bill that would ban the use of police dogs for arrests, apprehensions and crowd control, apparently a first-in-the-country measure....
https://knews.kathimerini.com.cy/en/news/slight-increase-in-fuel-prices
A slight increase in fuel prices was recorded in the last three weeks in Cyprus, according to the Consumer Protection Service (CPS) of the Ministry of Energy, Commerce and Industry. ...
https://knews.kathimerini.com.cy/en/news/protests-continue-as-macron-stands-firm-on-pension-reform
French workers angry with President Emmanuel Macron and his plan to raise the pension age blocked access to a terminal at Paris' main airport on Thursday as part of a nationwide day of protests, forcing some travelers to get there on foot....
https://knews.kathimerini.com.cy/en/news/us-report-harsh-conditions-in-cyprus-prisons
The US State Department's Human Rights in Cyprus 2022 report highlights significant human rights issues in Cyprus. The report states that there were credible reports of harsh conditions in prisons and detention centers, particularly for asylum seekers....
https://knews.kathimerini.com.cy/en/business/marinas-of-the-future-with-antiquated-regulations
The need to modernize marina legislation was raised before the House Commerce Committee, with its chairman, Kyriakos Hatzigiannis, declaring his willingness to move forward with a legislative proposal....
