https://knews.kathimerini.com.cy/en/business/cyprus-faces-financial-imbalance-as-assets-fall-short-of-liabilities
As of December 2023, Cyprus' economy is navigating a complex financial landscape, with total assets in financial instruments reaching €869 billion. However, the country also faces a notable financial shortfall, with liabilities exceeding assets by about €29 billion....
https://knews.kathimerini.com.cy/en/comment/opinion/the-loss-of-us-media-credibility
The US elections are highlighting the catastrophic consequences of the long-term devaluation of the country’s ''traditional'' news media....
https://knews.kathimerini.com.cy/en/news/israel-bans-unrwa-restricting-key-aid-services-to-palestinian-refugees
Israel’s parliament has passed legislation to bar the United Nations Relief and Works Agency (UNRWA) from operating within its borders, a move that could drastically impact services for millions of Palestinian refugees living in occupied territories....
https://knews.kathimerini.com.cy/en/news/why-musk-sees-trump-as-america-s-business-fixer
Elon Musk, the high-profile CEO of Tesla and SpaceX, has emerged as a vocal supporter of Republican presidential nominee Donald Trump......
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/eu-pushing-for-economic-ties-with-turkey-but-where-does-that-leave-cyprus
According to Kathimerini's Pavlos Xanthoulis, Brussels and Berlin are working to upgrade the Turkish Customs Union, viewing it as a pathway to strengthen economic ties with Turkey. ...
https://knews.kathimerini.com.cy/en/business/norway-s-billion-dollar-man-says-americans-just-work-harder-than-europeans
Norway’s ''billion-dollar man'' Nicolai Tangen, who manages Norway’s $1.6 trillion sovereign wealth fund, says America’s success over Europe comes down to one simple factor: Americans work harder....
https://knews.kathimerini.com.cy/en/news/germany-€60-billion-budget-shortfall-rocks-europe-s-largest-economy
Germany’s tax revenues are projected to fall nearly €60 billion short of earlier expectations over the next five years, intensifying budget challenges for Chancellor Olaf Scholz’s government and straining the already fragile three-party coalition....
https://knews.kathimerini.com.cy/en/news/akel-proposes-law-for-euthanasia
According to Kathimerini's Hector Georgiou, last Friday, October 18, 2024, AKEL Deputy Irini Charalambidou held a press conference to outline her proposal for a law titled ''On Medically Assisted Termination of Life.''...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-shareholders-moving-at-different-speeds
CarVal Investors recently sold 3% of its 9.09% stake in Bank of Cyprus, sparking speculation that other shareholders may follow suit and sell their shares....
https://knews.kathimerini.com.cy/en/news/are-the-us-elections-turning-into-the-battle-of-the-billionaires
In what seems to be a tit-for-tat move—especially after Elon Musk announced he would donate $1 million a day to registered voters who sign his PAC petition—Microsoft founder Bill Gates has reportedly thrown his support behind Democratic Vice President Kamala Harris in the 2024...
https://knews.kathimerini.com.cy/en/news/1-elon-musk-s-$1-million-giveaway-to-voters-raises-legal-red-flags
Elon Musk, the billionaire owner of Tesla, SpaceX, and X (formerly Twitter), has committed to giving away $1 million daily to voters who sign his political action committee's (PAC) petition supporting constitutional rights....
https://knews.kathimerini.com.cy/en/news/finance-minister-stands-firm-on-economic-stability-amid-rising-pressures
In a recent interview with Andreas Kimitris, Cyprus Finance Minister Makis Keravnos spoke candidly about his firm stance on the country’s economic stability. ...
https://knews.kathimerini.com.cy/en/news/public-sector-salaries-to-increase-by-1-5-starting-october-2024
Cyprus' House of Representatives has passed an agreement between the government and trade unions to implement a general 1.5% wage increase for public......
https://knews.kathimerini.com.cy/en/comment/opinion/behind-the-numbers-are-cyprus-s-non-performing-loans-just-a-makeup-job
Are there good makeup artists in Cyprus? Sometimes I wonder, but since I’m out of the fashion scene, I can’t say for sure. However, when I think back to the banking events of the last 15 years, then yes—at least in the banks, they exist....
https://knews.kathimerini.com.cy/en/news/global-debt-to-exceed-$100-trillion-this-year
Global public debt is nearing the size of the world economy, posing risks to living standards in developed nations, the International Monetary Fund (IMF) warned....
https://knews.kathimerini.com.cy/en/business/google-invests-in-mini-nuclear-reactors-to-power-the-ai-revolution
Google is diving into nuclear power to help fuel the future of artificial intelligence. ...
https://knews.kathimerini.com.cy/en/business/cyprus-investment-funds-grow-to-€9-4-billion-in-2024
Investment companies in Cyprus collectively manage assets worth €9.4 billion, with the amount growing by about 2.9% in the second quarter of 2024 but still below last year's figures....
https://knews.kathimerini.com.cy/en/business/freedom-holding-corp-marks-5th-anniversary-of-nasdaq-ipo-with-significant-growth-milestones
Freedom Holding Corp. (FRHC) is celebrating the fifth anniversary of its IPO on the Nasdaq Capital Market, one of the world’s leading stock exchanges. ...
https://knews.kathimerini.com.cy/en/news/protests-rise-against-barcelona-s-growing-tourist-influx
Barcelona is grappling with a surge in tourism that has led to rising tensions among locals. Iconic landmarks like Sagrada Familia and Park Güell, along with bustling streets like Las Ramblas, are attracting 170,000 visitors daily, according to city authorities. ...
https://knews.kathimerini.com.cy/en/news/cyprus-to-launch-first-homegrown-satellite-by-2026
Cyprus is making strides in space technology as the Cyprus Space Research and Innovation Centre (C-SpaRC) prepares to unveil its first satellite, set for launch in 2026. ...
https://knews.kathimerini.com.cy/en/news/israel-and-cyprus-in-talks-for-natural-gas-supply
The energy ministries of Israel and Cyprus are currently engaged in discussions aimed at potential cooperation in the energy sector, according to a report by S&P Global. ...
https://knews.kathimerini.com.cy/en/news/tougher-penalties-for-employers-skirting-social-security
The government is poised to toughen penalties for undeclared work in an effort to address the widespread issue....
https://knews.kathimerini.com.cy/en/news/french-court-clears-cyprus-in-$1-4-billion-fbme-bank-case
France’s highest court has brought an end to the $1.4 billion legal battle over the resolution of FBME Bank, ruling that the Central Bank of Cyprus (CBC) acted prudently and did not breach any obligations under a bilateral investment treaty between Cyprus and Lebanon....
https://knews.kathimerini.com.cy/en/news/nobel-glory-for-ai-innovator-demis-hassabis
Demis Hassabis is not just a scientist; he is a visionary who has left an indelible mark on the field of artificial intelligence (AI) since his childhood. Recently, he was awarded......
https://knews.kathimerini.com.cy/en/news/digital-agenda-summit-2024-underway-shaping-cyprus-tech-future
The Digital Agenda Summit 2024 kicked off this morning at the Nicosia Municipal Theatre, bringing together top industry leaders, government officials, and tech experts from around the region. ...
https://knews.kathimerini.com.cy/en/news/limassol-office-costs-outpace-london-and-amsterdam
Office rental prices in Cyprus, particularly in Limassol, have exceeded those in cities like London and Amsterdam, according to major tech companies operating on the island....
https://knews.kathimerini.com.cy/en/news/cyprus-projects-€1-13-billion-fiscal-surplus-for-2025
Cyprus is on track to achieve a fiscal surplus of €1.13 billion in 2025, amounting to 3.3% of GDP, according to the state budget presented to the House of Representatives on Thursday. ...
https://knews.kathimerini.com.cy/en/business/deloitte-cyprus-issues-its-annual-transparency-report-fostering-resilience-creating-enduring-value
Deloitte Cyprus issued its 13th Transparency Report covering the period from 1 June 2023 to 31 May 2024. ...
https://knews.kathimerini.com.cy/en/news/kedipes-extends-business-plan-to-2030-for-full-repayment-of-state-aid
The Cyprus Asset Management Company (KEDIPES) has extended its business plan by three years, pushing its timeline to 2030, with the goal of fully repaying the €3.54 billion in state aid received in 2018....
