https://knews.kathimerini.com.cy/en/business/profits-of-€55-4-million-in-first-half-of-2022-for-hellenic-bank
Hellenic Bank reported a profit of EUR 55.4 million for the first half of 2022, compared to a profit of EUR 21 million in the corresponding half of 2021....
https://knews.kathimerini.com.cy/en/news/cyprus-to-provide-logistical-support-and-services-to-us-naval-vessels-video
The US and Cyprus commemorated on Monday the completion of the Acquisition and Cross Services Agreement (ACSA) between the Republic of Cyprus and the United States of America the Minister of Defence of the Republic of Cyprus Charalambos Petrides and US Ambassador Judith Garber....
https://knews.kathimerini.com.cy/en/business/us-based-lone-star-to-revise-offer-for-bank-of-cyprus
US-based equity fund Lone Star said it is considering options with regard 'to the possibility of making a revised offer proposal to the Board of the Bank of Cyprus.'...
https://knews.kathimerini.com.cy/en/business/banks-imposing-stricter-lending-standards
Cyprus banks have tightened credit standards in the second quarter of 2022, while net new lending demand subsided, reflecting the geopolitical tensions and the uncertainty in the global economic environment, the Central Bank of Cyprus Bank Lending Survey for Q2 says....
https://knews.kathimerini.com.cy/en/news/cyprus-scrambles-to-block-hostile-takeover-of-bank
The government in the Republic of Cyprus is racing against the clock to arm itself with legal tools to prevent a takeover of the country’s biggest bank by an American private equity firm, which has until next month to submit a final offer that some shareholders may find hard to resist...
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-fair-state-five-proposals-to-fight-corruption
In the Cyprus of 2022, corruption has permeated all levels of our society. The extent of the problem needs to be ascertained first. Then, the diagnosis of its causes. Finally, but most importantly, the specific proposals to combat it....
https://knews.kathimerini.com.cy/en/business/kpmg-limited-and-georgiou-iacovou-co-llc-announce-the-admission-of-the-law-firm-georgiou-iacovou-co-llc-to-the-kpmg-global-network-of-member-firms
KPMG Limited and Georgiou, Iacovou & Co LLC wish to announce the admission of the law firm Georgiou, Iacovou & Co LLC to the KPMG global network of member firms, as of 1 August 2022. The law firm will operate in the jurisdiction of Cyprus under the KPMG Law brand. ...
https://knews.kathimerini.com.cy/en/news/ecb-raises-interest-rates-5-with-further-rate-hikes-on-the-horizon
The European Central Bank (ECB) increased interest rates by more than expected on Thursday, raising its benchmark deposit rate by 50 basis points to zero percent, impacting the Cyprus banking system and local borrowers....
https://knews.kathimerini.com.cy/en/news/akar-slams-greece-for-seeking-to-block-sale-of-f-16-jets-to-turkey
Turkish Defense Minister Hulusi Akar on Tuesday attacked Greece and the Greek American lobby in the United States for seeking to put the brakes on the sale of 40 Lockheed Martin-made F-16 fighter jets to Turkey,...
https://knews.kathimerini.com.cy/en/news/erdogan-to-meet-with-biden-in-madrid
Turkish President Recep Tayyip Erdogan will be meeting with US counterpart Joe Biden on the sidelines of the NATO summit in Madrid later on Tuesday or on Wednesday, he told reporters on Tuesday morning. ...
https://knews.kathimerini.com.cy/en/business/ey-announces-4-new-partners-in-cyprus-and-welcomes-new-head-of-consulting
EY Cyprus Country Managing Partner, Ronald Attard, has welcomed the announcement of 4 new partners to the Cyprus practice....
https://knews.kathimerini.com.cy/en/news/a-historic-day-british-bases-lifts-restrictions-on-civilian-property-development
Eight years after the signing of a bilateral Arrangement between Cyprus and the UK, the SBA is today lifting restrictions on property development on 200 square kilometers of non-military areas within the bases....
https://knews.kathimerini.com.cy/en/business/euler-hermes-is-now-allianz-trade
Todaymarks a new chapter in our story: Euler Hermes, the world leader in trade credit insurance, becomes Allianz Trade – a natural moveas we have been fully part of the Allianz Group since 2018...
https://knews.kathimerini.com.cy/en/business/overcoming-talent-crunch-and-supply-chain-upheaval-among-biggest-success-indicators-for-tech-in-2022
Increased volatility rising out of the evolving COVID-19 pandemic has led to a reshuffling of priorities for the global technology industry....
https://knews.kathimerini.com.cy/en/news/rcb-bank-invites-depositors-to-withdraw-their-money
RCB Bank will invite its depositors to withdraw their money. According to Kathimerini sources, RCB Bank customers are expected to be able to either receive their deposits on hand or transfer them to other Cypriot banks....
https://knews.kathimerini.com.cy/en/news/elon-musk-s-starlink-helping-ukraine-s-elite-drone-unit-destroy-russian-tanks-and-trucks-in-the-night
Elon Musk's Starlink satellite system is helping an elite Ukrainian drone unit destroy Russian weaponry, according to The Times of London....
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-cryptocurrency-trading-in-cryptocurrency-for-own-benefit-cyprus-tax-treatment
Seems that we cannot stop hearing stories about cryptos in our workplace and media or via web searching how many people have become millionaires trading in cryptocurrencies...
https://knews.kathimerini.com.cy/en/news/hellenic-acquires-553-million-euros-worth-of-cypriot-corporate-loans-from-rcb
Hellenic Bank has acquired 553 million euros worth of Cypriot business loans from RCB Bank, increasing its loan portfolio to over 7.2 billion euros....
https://knews.kathimerini.com.cy/en/news/housing-projects-to-be-funded-from-casino-revenue
CLDC plans to build more than 800 housing units in the coming years, which will be allocated either through the affordable housing plan or through the new affordable rent plan for economically vulnerable households....
https://knews.kathimerini.com.cy/en/news/state-department-scolds-ankara-over-‘involvement-in-recent-conflicts-s-400-purchase
The US State Department has reiterated its strong objection to Turkey’s acquisition of the Russian S-400 missile defense system and rapped Ankara for its “involvement in some recent conflicts.”...
https://knews.kathimerini.com.cy/en/business/facebook-entrenching-greece-on-tech-map
The Facebook parent company, Meta Platforms, Inc, is reportedly in advanced discussions for the establishment of a Greek subsidiary, under whose umbrella international activities that are currently being implemented in other countries can be transferred....
https://knews.kathimerini.com.cy/en/news/strengthening-cyprus-anti-aircraft-umbrella-high-on-the-ministry-of-defence-agenda
An in-depth study of proposals submitted by various countries for the procurement of a system that will strengthen the Republic’s anti-aircraft umbrella was completed by the Ministry of Defence, according to information obtained by the Cyprus News Agency (CNA)....
https://knews.kathimerini.com.cy/en/business/teddy-sagi-s-playtech-embroiled-in-takeover-battle
Israeli billionaire Teddy Sagi, the founder of Playtech, declined to comment on the withdrawal of Eddie Jordan's potential bid for the online gambling company he founded back in 1999....
https://knews.kathimerini.com.cy/en/life/feeding-your-dogs-insects-can-help-fight-climate-change
Many pet owners reflexively bark “No!” when their dog or cat prepares to feast on a bug. But despite what scientists call the “yuck factor,” insects could be a sustainable secret ingredient for the booming pet food industry....
https://knews.kathimerini.com.cy/en/business/more-foreign-banks-come-to-athens
Big global banks are planning to open branches in Athens next year, while other lenders are expanding their existing banking activity in Greece...
https://knews.kathimerini.com.cy/en/business/former-finance-minister-michalis-sarris-new-president-of-astrobank
Mr. Michalis Sarris, former Minister of Finance, assumes the chairmanship of the Board of Directors of AstroBank....
https://knews.kathimerini.com.cy/en/business/the-historic-athens-hilton-will-have-a-new-name-in-2024
The historic Hilton hotel in the center of Athens is changing its name. From 2024 it will be known as Conrad after the new agreement signed by the Hilton Group and the Ionian Hotel of the Konstantopoulos family....
https://knews.kathimerini.com.cy/en/business/kpmg-in-cyprus-partners-with-salesforce
KPMG in Cyprus signed a partnership agreement with Salesforce and became the 20th Member Firm to officially join the KPMG Salesforce ecosystem....
https://knews.kathimerini.com.cy/en/life/the-30th-auction-of-greek-and-cypriot-artworks
https://knews.kathimerini.com.cy/en/news/us-representatives-oppose-f-16-sale-to-turkey
A total 41 members of the US House of Representatives have sent a letter to Secretary of State Antony Blinken opposing the sale of F-16 fighters to Turkey....