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/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/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......
https://knews.kathimerini.com.cy/en/business/€182m-deal-marks-hellenic-s-strategic-move-into-insurance-sector
CNP Cyprus, the subsidiary of the French insurance giant CNP Assurances, is finally being transferred to Hellenic Bank for €182 million....
https://knews.kathimerini.com.cy/en/business/hellenic-set-to-acquire-cnp-in-multimillion-euro-deal
Everything appears to be proceeding smoothly, and it seems that CNP Cyprus will soon be under the ownership of Hellenic Bank....
https://knews.kathimerini.com.cy/en/news/reduced-vat-for-homebuyers-within-12-months
The parliament has passed a law enabling beneficiaries to apply for a reduced 5% VAT rate within a year of acquiring a residence....
https://knews.kathimerini.com.cy/en/business/alpha-bank-ceo-eyes-expansion-in-romania
Alpha Bank chief executive officer Vassilis Psaltis pointed to further expansion and acquisitions in Romania in a joint interview with the CEO of Italian bank UniCredit, Andrea Orcel for Bloomberg....
https://knews.kathimerini.com.cy/en/news/netflix-vs-the-world-unraveling-the-future-of-streaming-wars
In the rapidly evolving landscape of streaming services, industry titans are facing a pivotal moment as they navigate through a period of consolidation and uncertainty. ...
https://knews.kathimerini.com.cy/en/news/hellenic-bank-s-pursuit-of-cnp-cyprus-uncovers-uncertainties
The exclusive negotiations between Hellenic Bank and CNP Cyprus Insurance Holdings, a subsidiary of the French insurance powerhouse CNP Assurances, have captured attention for their high stakes and strategic importance....
https://knews.kathimerini.com.cy/en/business/demetra-holdings-challenges-eurobank-hellenic-merger
Demetra Holdings is seeking to overturn the National Competition Authority's (NCA) approval of the proposed merger between Eurobank and Hellenic Bank....
https://knews.kathimerini.com.cy/en/news/cyprus-news-digest-from-river-beautification-to-billionaires-bargains
It's been a while since we heard about inaugurations from our president, so this one deserves special mention: ...
https://knews.kathimerini.com.cy/en/news/insights-of-the-first-women-leaders-forum
On Tuesday, 26/03/24 the Women Leaders’ Forum 2024-IMH took place at Hilton in Nicosia. During the forum, business and professional sector leaders shared their insights on building, sustaining...
https://knews.kathimerini.com.cy/en/news/finance-minister-extends-rent-program-to-assist-more-homeowners
The Cabinet has approved an expansion of beneficiaries for the Rent Relief Program against Installments, announced Finance Minister Makis Keravnos after the body's session.
...
https://knews.kathimerini.com.cy/en/business/employers-call-for-tax-reform-to-spur-economic-growth
Employers are advocating for a comprehensive overhaul of the tax system, proposing significant changes aimed at boosting economic activity and competitiveness. Here's a breakdown of their proposals:...
https://knews.kathimerini.com.cy/en/business/luxury-brand-hermes-sued-over-birkin-bag-sales
Two California residents have initiated legal action against French luxury design company Hermès, alleging discriminatory sales practices surrounding its highly coveted Birkin handbags....
https://knews.kathimerini.com.cy/en/comment/opinion/what-are-they-afraid-of
Transparency is not merely a good thing; it is essential. However, with the exception of one, credit buyout companies seem unwilling to disclose their financial results, keeping them shrouded in secrecy....
https://knews.kathimerini.com.cy/en/news/government-mulls-uae-led-takeover-of-daily-telegraph
In a pivotal moment for British media, the government is deliberating the approval of a UAE-led takeover of the Daily Telegraph, eliciting widespread objections from politicians, journalists, ...
https://knews.kathimerini.com.cy/en/news/cyprus-a-familiar-economic-space-for-greece
In an interview conducted by Kathimerini reporter Panayiotis Rougalas, Greece's Central Bank Governor, Mr. Yiannis Stournaras, sheds light on various aspects of the country's monetary policy and economic landscape....
https://knews.kathimerini.com.cy/en/news/forest-park-hotel-acquisition-joins-cyprus-mountain-peaks-investment
Investment interest in the mountainous areas of the island continues to surge, a trend observed in recent years......
https://knews.kathimerini.com.cy/en/news/kedipes-preps-for-major-loan-sell-off-boosting-cyprus-banks
In a strategic move to streamline its assets, KEDIPES is gearing up to offload a second batch of performing loans, hot on the heels of its €58 million deal with the Bank of Cyprus....
https://knews.kathimerini.com.cy/en/business/bitcoin-surpasses-$57-000-on-etf-boost-and-corporate-investments
Bitcoin reached a milestone, surpassing $57,000, driven by increasing demand from exchange-traded funds (ETFs) and corporate investments, notably by MicroStrategy. ...
https://knews.kathimerini.com.cy/en/news/nineteen-new-private-hospitals-to-transform-health-sector-in-cyprus
Investors have shown interest in the health sector in Cyprus. According to the records, from 2021 until now, there are 12 new private hospitals......
https://knews.kathimerini.com.cy/en/business/ceos-globally-forecast-increase-in-revenues-profits-and-deal-making-in-2024-as-business-transformation-moves-up-the-agenda
CEOs are optimistic about their ability to drive revenue growth and profitability in 2024 despite global economic headwinds, according to the latest EY CEO Outlook Pulse survey....
