https://knews.kathimerini.com.cy/en/business/cyprus-navigates-economic-uncertainty-with-strong-economic-reserves
Cyprus is sitting pretty with a lot of cash in the bank, and it's good news for handling any economic bumps in the road. The government's stash of nearly €2.83 billion can cover a big chunk of its debts due in the next year....
https://knews.kathimerini.com.cy/en/news/trump-s-$175m-bond-halts-ny-fraud-case-collection
Former President Donald Trump has taken action in his New York civil fraud case, posting a $175 million bond on Monday.
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https://knews.kathimerini.com.cy/en/news/winter-2024-brings-17-boost-in-energy-production
Energean recorded new production growth in the first two months of 2024. Specifically, the company said in a statement that from 123 thousand......
https://knews.kathimerini.com.cy/en/business/is-the-digital-euro-the-ecb-s-game-changer-or-a-banks-ally
The digital euro would not be a threat to the role of banks as financial intermediaries, Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) and ECB Governing Council member, has said, stressing that the digital euro will be issued and guaranteed by the ECB and not at the level of the member state....
https://knews.kathimerini.com.cy/en/news/cypriot-national-injured-in-billion-dollar-money-laundering-sweep
Singapore law enforcement authorities disclosed on Thursday that a Cypriot national sustained injuries while attempting to evade capture by leaping from a second-floor balcony within an affluent district, marking one of the most significant money laundering cases to date. ...
https://knews.kathimerini.com.cy/en/business/fitch
Fitch Ratings released a new report on Monday stating that the credit profiles of Greek and Cypriot banks have significantly improved over the past year due to de-risking and restructuring....
https://knews.kathimerini.com.cy/en/business/2023-will-be-the-year-banks-dole-out-dividends
Apart from entering 2023 with inflationary tendencies and following a year with a geopolitical crisis due to the Ukrainian one, it is expected to be the year when the term "dividend distribution,"...
https://knews.kathimerini.com.cy/en/news/finance-ministry-cyprus-economy-will-not-enter-a-recession
There will be a significant slowdown in economic activity next year, we will be affected by increased energy prices and borrowing costs, but "inflation in Cyprus is being reined in at lower levels" compared to other European member states, ...
https://knews.kathimerini.com.cy/en/news/ec-projects-economic-slowdown-and-rising-inflation-for-cyprus
The European Commission has revised its economic projections for Cyprus citing a downward trend due to the effects of Russia’s invasion of Ukraine and the associated sanctions against Moscow on the island’s tourist and services sector....
https://knews.kathimerini.com.cy/en/news/cyprus-is-losing-its-russians-confronting-existential-questions-about-its-economy
For decades, Cyprus built an economy that courted Russians — Russian tourists, Russian investors, Russian oligarchs.
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https://knews.kathimerini.com.cy/en/news/cyprus-to-reduce-debt-once-pandemic-normalises-finmin-says
Cyprus Minister of Finance Constantinos Petrides told the Cyprus News Agency that the government will begin reducing public debt, increased due to strategic cash reserves, once the pandemic begins to normalise....
https://knews.kathimerini.com.cy/en/news/policy-priorities-unaffected-by-pandemic-finmin-says
Despite the crisis of the Covid-19 pandemic Cyprus’ economic policies remain the same, targeting macroeconomic and financial stability, prudent fiscal policies, and establishing a competitive, business-friendly regulatory environment of high standards, Minister of Finance Constantinos Petrides said on Thursday....
https://knews.kathimerini.com.cy/en/news/eu-‘very-clear-on-expectations-from-turkey-for-de-escalation
The message, the expectations, the timeline and the consequences of not acting towards a de-escalation of tension in the Eastern Mediterranean were “made clear” to Turkey, both via the informal Foreign Affairs Council last week in Berlin and in the telephone call on Monday between EU High Representative Josep Borrell and Turkish Foreign Minister Mevlut Cavusoglu, according to EU foreign policy spokesman Peter Stano....
https://knews.kathimerini.com.cy/en/news/cyprus-public-debt-spikes-to-€24-5-billion-due-to-covid-19-crisis
Cyprus General Government debt spiked to €24.56 billion according to official data in April, reflecting the large debt issuances by the Finance Ministry to mitigate the impact of the coronavirus outbreak to the economy....
https://knews.kathimerini.com.cy/en/news/the-crisis-is-here-and-should-not-be-underestimated-finmin-warns-parties
As political parties continue to quarrel over a bill seeking to release government funds as guarantees for loans to businesses hit affected by the coronavirus outbreak, Cyprus Minister of Finance Constantinos Petrides warned that “the crisis is here and should not be underestimated.”...
https://knews.kathimerini.com.cy/en/news/eu-governments-risk-clash-with-eu-exec-in-bid-to-save-tourism-season
European Union governments risk a clash with the EU executive arm over their support for travel firms issuing vouchers for cancelled holiday deals without giving customers the option of cash refunds as required by EU law, diplomats said....
https://knews.kathimerini.com.cy/en/business/how-russian-uncapitalism-works
Like a private equity firm enacting an acquisition-led ‘roll-up’ in a fragmented sector, Putin and Co in Russian have been busy in recent years quietly taking scores of small banks into state ownership...
https://knews.kathimerini.com.cy/en/business/greek-corporations-rush-to-issue-bonds-amid-record-low-yields
The easing of Greek state bond yields to record lows has opened the way to international markets for major Greek corporations too, as they can now take the opportunity to reduce their cost of borrowing.
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https://knews.kathimerini.com.cy/en/news/cyta-forecasts-budget-deficit-for-2019
https://knews.kathimerini.com.cy/en/news/cyprus-prepares-to-tap-international-markets-after-early-repayments
https://knews.kathimerini.com.cy/en/business/energean-commits-to-eastern-mediterranean
Energean is seeking approval from Cyprus for the Greek oil and gas firm to build a pipeline from its Israeli offshore gas fields and import 0.5 to 1 billion cubic meters of gas a year to the island...
https://knews.kathimerini.com.cy/en/business/cyprus-recovery-is-being-recognised-by-international-agencies
Fitch does not currently anticipate developments with a high likelihood of leading to a downgrade...
https://knews.kathimerini.com.cy/en/business/privatisation-of-co-op-may-lead-to-the-creation-of-a-bad-bank
A process launched by the nationalised Cooperative Cyprus Bank may lead to the creation of an Asset Management Company also known as a bad bank ...
https://knews.kathimerini.com.cy/en/business/government-boosts-ccb-s-hand
The Cyprus government says it is depositing €2.5 billion at the Cooperative Bank of Cyprus, as part of a broader plan to eliminate uncertainty among depositors in the wake of a privatisation bid...
https://knews.kathimerini.com.cy/en/news/eu-leaders-host-turkish-president-erdogan-for-uneasy-summit
Erdogan will seek more money for Syrian refugees, a deeper customs union and progress on letting Turks visit Europe without visas...