https://knews.kathimerini.com.cy/en/news/standard-poor-s-upgrades-bank-of-cyprus-rating
Standard & Poor’s (S&P) has upgraded Bank of Cyprus’ long-term issuer rating to BB+, just one notch below investment-grade status, and assigned a positive outlook. This comes shortly after the upgrade of Cyprus’ long-term rating to BBB+, also with a positive outlook....
https://knews.kathimerini.com.cy/en/news/pwc-cyprus-is-strengthened-with-new-partners
As PwC Cyprus continues its successful re-invention and shift to a new business model, fit and relevant for the new market conditions and opportunities, ...
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-reforms-are-a-comedy-of-errors-in-governance
Following last Sunday's vote, the much-publicized local government reform will take effect on July 1. This, like many other reforms, has been carried out in typical Cypriot fashion. ...
https://knews.kathimerini.com.cy/en/business/the-$10-billion-plan-to-rebuild-cyprus-s-ghost-town
The Turkish newspaper Sözcü has drawn attention to Varosha, an abandoned area in Famagusta, calling it the "Las Vegas of the Mediterranean." The paper says it would take $10 billion to bring the ghost town back to life after being abandoned for 50 years....
https://knews.kathimerini.com.cy/en/news/banks-blame-high-interest-rates-for-decline-of-new-loans
Loan demand continued to fall in the first quarter of 2024, with banks blaming high interest rates for the decline. ...
https://knews.kathimerini.com.cy/en/news/agency-reports-strong-start-to-2024-continues-paying-off-state-debt
KEDIPES, Cyprus' state-owned asset management agency, announced a €144 million cash inflow for the first quarter of 2024. The agency also made a €140 million repayment to the state, bringing the total repayment to €1.3 billion since it started in September 2018....
https://knews.kathimerini.com.cy/en/news/what-s-in-a-name-the-romantic-tale-of-rosebank-whisky
Rosebank. What a romantic name, isn’t it? To me, it conjures up images of blooming roses and tranquil riverbanks. ...
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-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/news/cyprus-tourism-hit-by-may-slump
Banks caution against high expectations for new tourism records in Cyprus, citing a lackluster performance in May, according to a report by Panayiotis Rougalas on this Sunday's Kathimerini (9 June 2024)....
https://knews.kathimerini.com.cy/en/business/eurobank-s-egg-enter-grow-go-wins-top-eban-award-for-2024
egg - enter grow go, Eurobank's business accelerator, has been awarded the prestigious distinction of Best Performing New EBAN Member 2024......
https://knews.kathimerini.com.cy/en/news/keravnos-continues-to-call-on-banks-to-slash-interest-rates
Finance Minister, Makis Keravnos, called on local banks to slash interest rates, emphasizing the urgency for change in the financial landscape. Keravnos's remarks come just before the European Central Bank's Governing Council convenes,...
https://knews.kathimerini.com.cy/en/news/israeli-settler-defies-us-sanctions-gains-community-aid-to-access-frozen-funds
For weeks after being sanctioned by the United States, Yinon Levi struggled to pay the bills, living at his farming outpost atop a hill in the occupied West Bank. But the Israeli settler’s problems didn’t last....
https://knews.kathimerini.com.cy/en/news/eurobank-takes-control-with-55-3-share-in-hellenic-bank
The European Central Bank (ECB) has given its approval for Eurobank to acquire a majority stake of over 50% in Hellenic Bank, marking a significant milestone in the banking landscape of Cyprus....
https://knews.kathimerini.com.cy/en/business/banks-record-fewer-bounced-checks-in-may
The number of bounced checks in Cyprus saw a significant drop in May 2024 compared to the same month last year, according to data released by the Central Bank of Cyprus on Tuesday....
https://knews.kathimerini.com.cy/en/life/best-whisky-in-the-world-hold-my-glass
''Glengoyne is the best whisky in the world,'' Arthur declared with the kind of confidence that made me think he might be onto something. ''We have the slowest stills in Scotland.''...
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/profits-soared-in-cyprus-banking-sector-in-2023
The Cyprus banking sector experienced a significant surge in profitability by the end of 2023, as indicated by key financial indicators from the Central Bank of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/news/cdb-bank-partners-with-bank-of-new-york-mellon
cdbbank announces the beginning of its cooperation with the Bank of New York Mellon as correspondent bank. ...
https://knews.kathimerini.com.cy/en/news/cbc-reports-€209-1m-increase-in-deposits-for-april
Total deposits have recorded a monthly rise for the third consecutive month in April, as total loans dropped after two months of growth....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-non-performing-loans-drop-to-lowest-level-in-years
Total non-performing loans (NPLs) to banks have dropped below €2 billion, specifically to €1.9 billion. ...
https://knews.kathimerini.com.cy/en/news/ecb-to-implement-first-interest-rate-cut
The European Central Bank (ECB) is poised to execute its much-anticipated rate cut, scheduled to take effect on Thursday, June 6, 2024....
https://knews.kathimerini.com.cy/en/news/why-the-high-interest-rates-when-inflation-is-low
Finance Minister Makis Keravnos has criticized the high lending rates in Cyprus, calling them unjustifiable given the country's relatively low inflation. In an interview with the Sunday edition of ''Phileleftheros,''...
https://knews.kathimerini.com.cy/en/news/eib-injects-over-€5-billion-into-cyprus-projects
The European Investment Bank (EIB) has injected over €5 billion into various projects in Cyprus, contributing significantly to the island nation's development, said Kyriakos Kakouris, Vice-President of the Bank....
https://knews.kathimerini.com.cy/en/news/world-bank-tribunal-backs-cyprus-2013-bank-measures
Cyprus’ Attorney-General, George Savvides said on Thursday that a decision by the International Arbitral Tribunal of the World Bank on the case Theodoros......
https://knews.kathimerini.com.cy/en/business/bankers-rally-for-increased-green-financing-despite-longer-payback-periods
According to a report by Panagiotis Rougalas, big players in the financial world are urging banks to step up for a greener future....
https://knews.kathimerini.com.cy/en/news/banks-stress-need-for-government-support-in-esg-initiatives
Banks are urging a combination of government and regulatory policies to achieve a healthy, effective, and optimal green transition in Cyprus....
https://knews.kathimerini.com.cy/en/news/andreas-petsas-and-eurobank-support-sustainability-at-green-agenda
In a pivotal speech delivered at the 'Green Agenda' conference hosted at Hilton Nicosia, Mr. Andreas Petsas, Senior General Manager of Eurobank......
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-earns-€133-million-in-profits
The Bank of Cyprus has announced a robust profit of EUR 133 million for the first quarter of 2024, marking a significant increase from EUR 95 million in the same period last year....
https://knews.kathimerini.com.cy/en/news/banking-sector-s-pledge-to-environmental-transition
Eliza has been the Executive Director of Finance since October 2019 and since October 2021 she has been an Executive Member of the Bank of Cyprus Board of Directors....
