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211. Major organized crime sweep in Nicosia

A significant operation targeting organized crime began early Wednesday morning, October 30, in the Nicosia district. Authorities, including the Nicosia Crime Investigation Unit, the Crime Prevention Squad, and canine units, have mobilized for the extensive crackdown....

212. 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......

213. Cyprus achieves first A-level credit rating in major milestone

Scope Ratings has upgraded Cyprus's credit rating to A- from BBB+, marking the country's first A-level rating from a major credit agency....

214. CBC urges banks to show social responsibility despite sector’s strength

The Central Bank of Cyprus (CBC) released its annual Financial Stability Report for 2023 on Tuesday, indicating that the financial sector is overall strong and capable of handling unexpected challenges. ...

215. 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....

216. Dead fish wash ashore at Athalassa Park

Visitors to Athalassa Park in the capital were met with a disturbing sight on Friday, as dozens of dead fish were found washed ashore in various areas of the park....

217. Effort to create new cooperative bank in Cyprus begins with IPO search

The Cypriot company for the promotion of the cooperative movement is at the process of seeking an investment firm that would underwrite an initial public offering for the creation of a “small cooperative bank” in Cyprus that would replace the Cooperative Cyprus Bank which went into liquidation back in 2018, Panikos Hambas told CNA....

218. Bank profits in crosshairs as tax talks heat up

The future of a special tax on bank deposits paid to the state may be heading for a shift, though a final decision is not guaranteed. ...

219. Attica Bank secures US investment ahead of €672M share sale

Two major US investment funds are expected to participate in Attica Bank’s share capital increase, which takes place from October 21 to 30 and aims to raise 672.2 million euros....

220. 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. ...

221. ECB to review AKEL’s proposed bank tax amid financial concerns

The European Central Bank (ECB) is set to evaluate a proposed "windfall tax" on banks, commonly associated with the leftist political party AKEL, in Cyprus. ...

222. Digital tools launched to improve Nicosia's urban life

Nicosia Mayor Charalambos Proutzos emphasized the importance of enhancing citizens' quality of life through smart technologies, stating, "Our goal is not just......

223. Cypriot economy shows resilience, growth outpaces EU average

The Governor of the Central Bank of Cyprus, Christodoulos Patsalides, has called on banks to consider the social dimension of their pricing policies......

224. Finance Minister coordinates with EU Trio on 2025 Presidency

Minister of Finance Makis Keravnos met in Luxembourg with his counterparts from Poland and Denmark regarding the preparation of the Cypriot......

225. Bridging divides: Celebrating German Unity Day in Cyprus

Last night, the German Embassy in Cyprus hosted a vibrant reception at Chateau Status to celebrate the 34th anniversary of German Unity Day....

226. 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. ...

227. Cyprus’ luxury resort tied to Russia’s $230M Magnitsky scandal

Cypriot police are close to completing an investigation into allegations connecting a luxury resort to one of Russia’s biggest financial scandals, the Magnitsky case, according to police officials....

228. Cyprus credit rating upgrade: A boon for investors, but what about citizens?

Cyprus has recently received good news from the credit rating agency Capital Intelligence (CI), which upgraded the country’s credit ratings, according to Kathimerinni's Dorita Yiannakou. ...

229. Cyprus' credit rating upgraded due to strong economy and lower debt

Rating Agency Capital Intelligence Ratings (CI) has upgraded Cyprus’ Long-Term Foreign Currency Rating (LT FCR) and Short-Term FCR (ST FCR) to ‘BBB’ and ‘A2’, respectively, from ‘BBB-’ and ‘A3’, maintaining a positive outlook....

230. Israel claims Hezbollah leader Nasrallah killed in airstrike

231. Freedom24 Reaches 300,000 Customers Milestone

We are thrilled to announce that the number of users on the innovative Freedom24 trading platform has surpassed 300,000. This significant achievement underscores our platform's technological superiority and the growing trust and confidence of our customers....

232. The Rise of Applied Regulatory Compliance: From Theory to Practice

As regulatory expectations continue to soar, it is clear that firms must shift from mere consultation to actionable compliance. ...

233. Tighter lending rules for businesses while household loans remain steady

Cypriot banks made it harder for businesses to get loans in the second quarter of 2024, while lending rules for households stayed the same, according to a new survey by the Central Bank of Cyprus (CBC)....

234. Erdogan pushes for recognition of occupied north at UN Assembly

Turkish President Recep Tayyip Erdogan urged the international community to recognize the Turkish Republic of Northern Cyprus during his address at the United Nations General Assembly on Tuesday....

235. Cyprus needs new strategy to grow winter tourism

According to an article written by Dorita Yiannakou in this Sunday's Kathimerini, this year has been a steady one for winter tourism in Cyprus, showing the sector’s strength despite various regional challenges....

236. BOC shares open at €4.78 on Athens exchange post-London exit

The Bank of Cyprus made its debut on the Athens Stock Exchange (ASE) today, following the delisting of its shares from the London Stock Exchange (LSE). ...

237. Germany’s hardline on Syrian deportations gives Cyprus green light for returns

In a landmark ruling, Germany’s Supreme Administrative Court in Munster has determined that some areas of Syria can now be considered "safe," despite the ongoing civil war....

238. CERA approves €125M for Cyprus-Crete power link

The Cyprus Energy Regulatory Authority (CERA) has approved an annual investment recovery of €25 million for the Cyprus-Crete electricity interconnection project, also known as the Great Sea Interconnector (GSI), covering the period from January 1, 2025, to December 31, 2029....

239. FTC accuses Meta of putting profits ahead of user privacy

A years-long study has uncovered that major social media and internet companies are involved in "mass surveillance" to capitalize on users' personal data, according to the U.S. Federal Trade Commission (FTC)....

240. Moody’s sees positive outlook for Hellenic Bank following Eurobank deal

Moody’s upgraded Hellenic Bank’s credit rating to Baa2 from Baa3 on Wednesday, citing the recent acquisition of a 56% stake by Eurobank S.A. The agency also revised the bank's outlook to positive. ...