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...
https://knews.kathimerini.com.cy/en/news/hearing-for-auditor-general-s-suspension-postponed
The scheduled hearing to address Attorney General George Savvidis' request for the suspension of Auditor General Odysseus Michaelides on allegations of misconduct was postponed on Thursday....
https://knews.kathimerini.com.cy/en/comment/opinion/rentals-rise-as-home-ownership-trends-change
Around 20-25 years ago, Cyprus was renowned for having one of the highest rates of home ownership globally, with figures nearly reaching 78% - 80%, as per the data available then....
https://knews.kathimerini.com.cy/en/news/eurobank-gains-green-light-for-100-acquisition-of-hellenic-bank
The Cyprus Securities and Exchange Commission (the “CySEC”) approved on 25 June 2024, the publication of the Takeover Bid Document for the acquisition by Eurobank S.A. of up to 100% of the issued share capital of Hellenic Bank, whose shares are listed on the Main Market of the Cyprus Stock Exchange (“CSE”).
...
https://knews.kathimerini.com.cy/en/business/paphos-polis-road-project-faces-uncertain-future
The long-awaited road project connecting Paphos to Polis Chrysochous, which began in May 2021, faces significant delays and potential abandonment. ...
https://knews.kathimerini.com.cy/en/news/uk-parties-to-support-cyprus-reunification-ahead-of-election
UK political parties have responded to a call by the National Federation of Cypriots in the UK to pledge their support for a free and reunified Cyprus, as stipulated in relevant UN Security Council resolutions....
https://knews.kathimerini.com.cy/en/news/€102-3m-spent-on-275-000-people-trained-on-30-500-programs
In the last five years, 275,000 people participated in 30,500 training programmes of the Human Resource Development Authority of Cyprus (HRDA) and the total expenditure reached to 102.3 million euro,...
https://knews.kathimerini.com.cy/en/business/cbc-chief-warns-tax-on-big-profits-could-hurt-economy
The new Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, expressed opposition to a windfall profits tax, which is a tax imposed by governments on companies that have experienced unexpectedly large profits,...
https://knews.kathimerini.com.cy/en/business/eurobank-increases-stake-in-hellenic-bank-to-55-48
Eurobank's share in Hellenic Bank has increased to 55.48%, after the latest acquisition of 240.303 shares, for €0.62 million....
https://knews.kathimerini.com.cy/en/business/eurobank-boosts-stake-in-hellenic-bank-with-over-500-000-shares
Eurobank has acquired 503,934 more shares in Hellenic Bank, for the cost of €1.29 mn, increasing its share at 55.42%....
https://knews.kathimerini.com.cy/en/comment/opinion/how-inheriting-property-can-cause-headaches
Everything usually starts with pure intentions: ''We have two children, so we pass on half a share to each of them to avoid offending anyone, and then let them do what they want.''...
https://knews.kathimerini.com.cy/en/news/did-zelensky-really-buy-a-hotel-in-occupied-cyprus
A false news story claiming that Ukrainian President Volodymyr Zelensky had purchased the Vuni Palace Hotel in occupied Kyrenia circulated widely in Greece and Cyprus for nearly 36 hours....
https://knews.kathimerini.com.cy/en/news/mario-nava-advocates-bicommunal-energy-project-in-cyprus
A bicommunal photovoltaic power plant would increase cooperation in the energy field and build trust, Mario Nava, the Director-General of the European......
https://knews.kathimerini.com.cy/en/news/ecb-approves-eurobank-s-acquisition-of-majority-stake-in-hellenic-bank
The European Central Bank (ECB) has granted the necessary approvals for Eurobank to acquire a 55.3% stake in Hellenic Bank....
https://knews.kathimerini.com.cy/en/business/resilient-ceos-embrace-ai-plan-for-sustainable-futures
Two in three CEOs optimistic about revenue and profit growth despite a challenging economic environment....
https://knews.kathimerini.com.cy/en/news/cyprus-revs-up-its-new-car-registrations
The Cyprus Statistical Service's latest report reveals a significant surge in motor vehicle registrations, marking a 33.5% increase to 17,589 in January-April 2024, compared to 13,180 in the same period of 2023....
https://knews.kathimerini.com.cy/en/news/no-negotiation-on-two-state-solution-with-ambiguous-sovereign-equality
A two-state solution with the vague term of sovereign equality will never be negotiated by the Greek Cypriot side, President Nikos Christodoulides said on Sunday, stressing that ''we have no secret plan B.''...
https://knews.kathimerini.com.cy/en/news/president-urges-eu-action-for-final-settlement-of-cyprus-problem
The Cyprus problem is a European issue par excellence and the European Union has every interest, but also obligation, to actively contribute through a leading role for its final settlement, using, utilizing all the politico-economic means and tools at its disposal in the context of EU-Turkey relations, President Nikos Christodoulides said in an address at an event on Thursday evening to mark Cyprus' 20th anniversary of accession....
https://knews.kathimerini.com.cy/en/business/global-talent-crisis-desire-for-international-experience-skyrockets
EY survey shows 75% of employers do not have fully developed mobility functions vital for meeting modern business and talent demands....
https://knews.kathimerini.com.cy/en/news/eurobank-set-to-dominate-cyprus-insurance-scene-with-hellenic-stake
As Eurobank eagerly anticipates the green light from regulatory bodies such as the European Central Bank, the Central Bank of Cyprus, and the Companies Registrar for its acquisition of 55% ownership......
