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12° Nicosia,
08 February, 2025
 

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Displaying results 1-30 of 531 matches for query cash.

1. Four new types of branches at the Bank of Cyprus

https://knews.kathimerini.com.cy/en/business/four-new-types-of-branches-at-the-bank-of-cyprus

Bank of Cyprus branches are entering a new era, with the bank having moved to modernise the operational model of its network with four types of branches....

2. Faulty airbags, political theatrics, and a President playing Messi

https://knews.kathimerini.com.cy/en/comment/opinion/faulty-airbags-political-theatrics-and-a-president-playing-messi

The faulty airbag saga isn’t going away anytime soon, as car owners across Cyprus (which, let’s be honest, means practically everyone—good luck finding a family without at least one problematic vehicle) are refusing to shoulder the extra costs....

3. Rate hikes got you down? Bank of Cyprus has €2 Million (with strings attached)

https://knews.kathimerini.com.cy/en/business/rate-hikes-got-you-down-bank-of-cyprus-has-€2-million-with-strings-attached

Bank of Cyprus, perhaps feeling a twinge of sympathy for mortgage holders grappling with those pesky European Central Bank interest rate hikes, has unveiled a €2 million rewards program....

4. Superhome Center sold to Greek company for €94 million

https://knews.kathimerini.com.cy/en/business/superhome-center-sold-to-greek-company-for-€94-million

The sale of Superhome Center to Vasilitsi DIY for €94 million has been approved by the Board of Directors of Ermes Department Stores Plc....

5. UK bank closures could disrupt British expats in Cyprus

https://knews.kathimerini.com.cy/en/business/1-uk-bank-closures-could-disrupt-british-expats-in-cyprus

Lloyds Banking Group is shutting 136 more branches across the UK, continuing a long trend of high street bank closures. ...

6. Cyprus at the heart of major criminal network bust

https://knews.kathimerini.com.cy/en/news/cyprus-at-the-heart-of-major-criminal-network-bust

Spanish authorities are continuing their investigations into a major international criminal network involved in human trafficking and money laundering that operated across Cyprus and several European countries, according to Cyprus Police Spokesperson Kyriaki Lambrianidou....

7. How Abramovich evaded millions in taxes using Cyprus

https://knews.kathimerini.com.cy/en/news/how-abramovich-evaded-millions-in-taxes-using-cyprus

A massive tax evasion scheme tied to Roman Abramovich’s superyachts has been uncovered, shedding light on how the Russian billionaire exploited Cyprus’ offshore business environment. Leaked documents reveal that from 2005 to 2012, Abramovich’s companies set up a fake yacht-leasing business in Cyprus to dodge EU taxes on his luxury vessels....

8. Doctor fired for bribery over patient’s surgery

https://knews.kathimerini.com.cy/en/news/1-doctor-fired-for-bribery-over-patient-s-surgery

A government doctor in Cyprus has been accused of bribery, following claims that he demanded money from a patient's family without issuing any receipts....

9. Demetra shareholders face tough decision over Logicom’s €1.55 offer

https://knews.kathimerini.com.cy/en/business/dimitra-shareholders-face-tough-decision-over-logicom-s-€1-55-offer

The decision facing thousands of shareholders of Dimitra Investment is not an easy one....

10. Golden passport scandal: Trial postponed for ex-Minister and associates

https://knews.kathimerini.com.cy/en/news/golden-passport-scandal-trial-postponed-for-ex-minister-and-associates

The high-profile case involving naturalizations under the Cyprus Investment Program has been postponed, with proceedings now set to resume on March 18, 2025....

11. Maha Kumbh Mela 2025: A Divine Confluence of Faith and Modernity

https://knews.kathimerini.com.cy/en/comment/opinion/maha-kumbh-mela-2025-a-divine-confluence-of-faith-and-modernity

The Maha Kumbh Mela is not merely an event; it is a spiritual phenomenon deeply rooted in India's religious and cultural consciousness....

12. Banks under fire: How public pressure forced a shake-up

https://knews.kathimerini.com.cy/en/news/banks-under-fire-how-public-pressure-forced-a-shake-up

Over the past decade, Cypriot banks have paid over €500 million to the state through a special levy known as the ''double tax.''...

13. Bank of Cyprus rolls out support measures for vulnerable groups

https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-rolls-out-support-measures-for-vulnerable-groups

After a tense voting session last week, when the bill to tax bank profits narrowly failed to pass in Parliament, the Bank of Cyprus seems to be stepping up with measures aimed at helping vulnerable communities across the island. ...

14. Cyprus bank account linked to dark web ‘King of Coke'

https://knews.kathimerini.com.cy/en/news/cyprus-bank-account-linked-to-dark-web-‘king-of-coke

The International Consortium of Investigative Journalists (ICIJ), known for its groundbreaking Pandora Papers revelations, has published a report exposing the activities of Mark Chikarowski—an Australian who operated under the pseudonym...

15. How Assad’s regime stashed millions while Syria crumbled

https://knews.kathimerini.com.cy/en/news/how-assad-s-regime-stashed-millions-while-syria-crumbled

It turns out, while Syria was crumbling under war and sanctions, Bashar al-Assad’s regime was quietly flying millions in cash to Moscow....

16. Is Dubai cracking down on drug lords and money launderers?

https://knews.kathimerini.com.cy/en/news/is-dubai-cracking-down-on-drug-lords-and-money-launderers

Dubai’s glitzy reputation as a playground for Europe’s most notorious drug lords and money launderers may finally be under threat....

17. Legal battle intensifies over Intrakat’s €7.2m guarantee for Paphos motorway

https://knews.kathimerini.com.cy/en/news/legal-battle-intensifies-over-intrakat-s-€7-2m-guarantee-for-paphos-motorway

The ongoing legal battle between the Republic of Cyprus and the contractor Intrakat over the Paphos-Polis Chrysochous motorway project continues to create a complicated mess with multiple court cases in play....

18. Hellenic Bank CEO Michalis Louis on merger plans and Cyprus' future

https://knews.kathimerini.com.cy/en/business/hellenic-bank-ceo-michalis-louis-on-merger-plans-and-cyprus-future

According to Kathimerini's Panayiotis Rougalas, Michalis Louis, in his first interview since becoming CEO of Hellenic Bank, discussed the challenges and opportunities ahead, especially in the context of the bank’s merger plans and its strategies for growth....

19. Cyprus Parliament approves limit on large cash transactions

https://knews.kathimerini.com.cy/en/business/cyprus-parliament-approves-limit-on-large-cash-transactions

Cyprus lawmakers have taken a significant step in tackling money laundering and illegal activities by approving a proposal to limit large cash transactions....

20. Green Line regulation boosts trade, but challenges remain

https://knews.kathimerini.com.cy/en/business/green-line-regulation-boosts-trade-but-challenges-remain

The Green Line Regulation, which defines the legal framework for the movement of goods, people, and services between the government-controlled areas and the northern Turkish-occupied areas of Cyprus, remains a vital tool for the country’s reunification,...

21. Police warn of counterfeit Euro banknotes circulating ahead of holiday season

https://knews.kathimerini.com.cy/en/news/police-warn-of-counterfeit-euro-banknotes-circulating-ahead-of-holiday-season

With the festive season approaching, the Cyprus Police have issued a warning about counterfeit euro banknotes circulating in the country....

22. Eurobank’s €1.2 billion investment in Cyprus signals confidence

https://knews.kathimerini.com.cy/en/business/eurobank-s-€1-2-billion-investment-in-cyprus-signals-confidence

According to Kathimerini's Panayiotis Rougalas, Eurobank has made significant strides in its investment in the Cypriot banking sector, particularly with its ongoing acquisition of Hellenic Bank....

23. Spain fines Ryanair and other low-cost airlines €179M for abusive practices

https://knews.kathimerini.com.cy/en/business/spain-fines-ryanair-and-other-low-cost-airlines-€179m-for-abusive-practices

Spain's Ministry of Consumer Affairs has slapped five major low-cost airlines with hefty fines totaling €179 million for a range of alleged abusive practices, including charging extra fees for hand luggage. ...

24. Road to nowhere as Paphos-Polis project hits a dead end

https://knews.kathimerini.com.cy/en/news/road-to-nowhere-as-paphos-polis-project-hits-a-dead-end

The long-awaited Paphos-Polis Chrysochous road project has hit a major roadblock, with construction halted at just 21% completion and the Republic of Cyprus now facing legal challenges from the former contractor, INTRAKAT. ...

25. Mystery still surrounds teen's €15,000 school cash giveaway

https://knews.kathimerini.com.cy/en/news/mystery-still-surrounds-teen-s-€15-000-school-cash-giveaway

Authorities remain baffled over the case of a teenage student who arrived at school with €15,000 and distributed it among classmates in €50 and €100 bills....

26. Student hands out €15K at Nicosia school

https://knews.kathimerini.com.cy/en/news/student-hands-out-€15k-at-nicosia-school

Police are investigating an unusual incident at a Nicosia high school where a student brought 15,000 euros in cash and distributed it to classmates, authorities said. ...

27. Cyprus plans €10,000 cash limit to fight money laundering

https://knews.kathimerini.com.cy/en/business/cyprus-plans-€10-000-cash-limit-to-fight-money-laundering

According to Kathimerini's Pavlos Neophytou, the Cyprus government is considering a new law to cap cash transactions at €10,000 for buying goods and services, aiming to crack down on money laundering. ...

28. Ex-Transport Minister and associates headed for trial

https://knews.kathimerini.com.cy/en/news/ex-transport-minister-and-associates-headed-for-trial

Former Transport Minister Marios Demetriades and nine other individuals, including his relatives and two companies, are set for trial in Cyprus’ top court on charges linked to the controversial Cyprus Investment Programme (CIP)....

29. Cyprus faces financial imbalance as assets fall short of liabilities

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....

30. The loss of US media credibility

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....

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