https://knews.kathimerini.com.cy/en/business/sklavenitis-to-revamp-papantoniou-supermarkets-across-cyprus
In September 2025, the Sklavenitis Cyprus network will officially complete its acquisition of Papantoniou Supermarkets, a move that will significantly reshape the local retail landscape, according to Kathimerini's Dorita Yiannakou....
https://knews.kathimerini.com.cy/en/business/sklavenitis-expands-in-cyprus-shaking-up-the-supermarket-scene
The Cypriot supermarket landscape is shifting as Greece's Sklavenitis Group officially takes over Papantoniou Supermarkets. With Competition Protection Commission approval, ...
https://knews.kathimerini.com.cy/en/news/ankara-closely-monitors-weapon-system-renewal-processes
The spokesperson for the Turkish Ministry of Defense stated during the weekly press briefing that Ankara is "closely monitoring" the process of renewing weapon systems....
https://knews.kathimerini.com.cy/en/news/cyprus-faces-2024-deadline-to-align-with-eu-regulations-on-foreign-investments
Cyprus faces a deadline by the end of 2024 to align with the European regulation governing large foreign investments....
https://knews.kathimerini.com.cy/en/news/greece-monitors-us-presidential-election-for-global-impacts
Like every other government, Greece’s is closely following Tuesday’s US presidential election and its possible repercussions for global relations and diplomacy....
https://knews.kathimerini.com.cy/en/news/greece-watches-u-s-election-as-it-pursues-defense-autonomy
As the U.S. holds its presidential election, Greece closely monitors the outcome, knowing it will influence the country’s defense and foreign policy ties with Washington. ...
https://knews.kathimerini.com.cy/en/business/tgi-fridays-files-for-bankruptcy-to-keep-brand-afloat
TGI Fridays, the American casual dining brand famous for its lively atmosphere and happy-hour tradition, has filed for Chapter 11 bankruptcy protection as it grapples with the lingering impacts of the COVID-19 pandemic....
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/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/joseph-borghese-receives-prestigious-award-at-uk-parliament
Joseph Borghese, Chairman and CEO of Borghese Multi-Family Office, was recognized with the ''Global Excellence in Leadership Award for Enhancing Investment and Mergers & Acquisitions'' at a ceremony held at the Palace of Westminster. ...
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/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/u-s-and-cyprus-strengthen-defense-ties-with-new-deal
The United States and the Republic of Cyprus have cemented their defense relationship with a new strategic agreement, according to a report by Kathimerini's Yiannos Ioannou....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-considers-selling-jcc-to-euronet
Changes are imminent in Cyprus' payment sector as discussions unfold regarding the sale of JCC Payment Systems Ltd to Euronet. JCC Payment Systems......
https://knews.kathimerini.com.cy/en/news/sba-police-urge-vigilance-amid-rise-in-thefts
The Sovereign Base Area Police are warning farm, home and business owners to be vigilant in securing their properties, following a recent surge in acquisitive crime, mostly theft....
https://knews.kathimerini.com.cy/en/news/olympion-in-cyprus-joins-leading-k12-education-group-globeducate
Globeducate announces the acquisition of Education Group OLYMPION School (Εκπαιδευτικός Όμιλος ΟΛΥΜΠΙΟΝ) near Nicosia in Cyprus, a group of Greek private schools with nearly 450 pupils aged 6 to 18 across Gymnasium, Lyceum and, from September 2024, Elementary stages....
https://knews.kathimerini.com.cy/en/news/british-tech-mogul-mike-lynch-missing-after-superyacht-sinks-in-freak-sicilian-storm
British tech magnate Mike Lynch and five others remain missing after their luxury superyacht sank during a freak storm off the coast of Sicily early Monday, Italian authorities reported. ...
https://knews.kathimerini.com.cy/en/news/twitter-hit-with-€550-000-fine-for-firing-worker-over-musk-s-email
Twitter has been ordered to pay a record €550,000 (£470,000) to Gary Rooney, a former senior employee at its Dublin office, after being found to have unfairly dismissed him....
https://knews.kathimerini.com.cy/en/news/eurobank-to-revamp-hellenic-bank-s-leadership-in-september
Eurobank is now focusing on the next steps following the completion of its tender offer for a 100% acquisition of Hellenic Bank, finalized on Tuesday, June 30, 2024. ...
https://knews.kathimerini.com.cy/en/news/greek-firms-fuel-business-expansion-across-cyprus
The investment climate in Cyprus has significantly improved since the crisis era of 2013, attracting substantial interest from Greek companies....
https://knews.kathimerini.com.cy/en/news/cyprus-embassy-in-moscow-marks-50-years-since-turkish-invasion
The Cyprus Embassy at Moscow organized a commemorative event on Tuesday to mark the 50th anniversary of the Turkish invasion of Cyprus. The event was co-organized with the Press and Information Office which prepared a photo exhibition and videos from its archives. Expatriate organizations and Greeks of the diaspora in Russia attended the event....
https://knews.kathimerini.com.cy/en/news/fifteen-days-left-to-decide-on-eurobank-s-offer
Hellenic Bank shareholders have less than 15 days to decide whether to sell their shares to Eurobank, which has made a takeover offer of 2.56 euros per share. The offer, initiated at the start of the month, has a four-week deadline, shorter than the maximum eight weeks allowed....
https://knews.kathimerini.com.cy/en/news/cyprus-and-greece-commit-to-eastern-med-security
Defence Minister Vasilis Palmas stressed the joint commitment of Cyprus and Greece to make every possible effort to maintain peace, security, stability and cooperation in the Eastern Mediterranean......
https://knews.kathimerini.com.cy/en/comment/opinion/dangerous-populism
Last month, Nikos Christodoulides opened a tough front with the United Nations, raising questions about his intentions and concerns about the political implications of his bravado...
https://knews.kathimerini.com.cy/en/news/boeing-to-plead-guilty-and-pay-$243-6m-fine-in-737-max-settlement
Boeing has agreed to plead guilty to a criminal fraud conspiracy charge and pay a $243.6 million fine to settle a U.S. Justice Department probe into its involvement in two fatal crashes of the 737 MAX aircraft that resulted in the deaths of 346 people in Indonesia and Ethiopia between 2018 and 2019....
https://knews.kathimerini.com.cy/en/business/cyprus-banks-receive-upgrades-signal-economic-resilience
In a series of significant upgrades for Cypriot banks, Fitch Ratings has elevated the Bank of Cyprus and Hellenic Bank's credit ratings, underscoring a positive trajectory for the country's financial sector, according to a report by Panayiotis Rougalas in this Sunday's Kathimerini....
https://knews.kathimerini.com.cy/en/news/luxury-retailers-saks-and-neiman-marcus-merge-in-big-deal
A new luxury retail giant is emerging in the United States as the parent company of Saks Fifth Avenue acquires Neiman Marcus for $2.65 billion....
https://knews.kathimerini.com.cy/en/news/fitch-elevates-hellenic-bank-s-credit-rating
Fitch Ratings has upgraded Hellenic Bank's Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+', with stable outlook and its Viability Rating (VR) to 'bbb-' from 'bb+'.
...
https://knews.kathimerini.com.cy/en/news/cyprus-reconsiders-defense-strategy-amidst-global-conflicts
The shifting geopolitical landscape in Europe, marked by the ongoing conflicts in Ukraine and the Israel-Hamas war, is prompting EU member states, including Cyprus...
