https://knews.kathimerini.com.cy/en/news/agency-owner-arrested-as-visa-scandal-unfolds
Cyprus Police have arrested an agency owner in Limassol in connection with an investigation into document fraud, after it emerged that foreign delivery drivers had sought to obtain or renew permits through his office...
https://knews.kathimerini.com.cy/en/news/new-migration-scandal-looms-after-network-uncovered
A new scandal involving services for asylum seekers may have been inadvertently uncovered in Limassol, where arrest warrants have been issued amid strict rules for renewing driver permits and a black market designed to overcome restrictions...
https://knews.kathimerini.com.cy/en/news/mansion-tax-introduced-to-help-homeless-californians
Some of the biggest names in Hollywood are rushing to sell their multi-million-dollar houses in Los Angeles before a new “mansion tax” kicks in on April 1....
https://knews.kathimerini.com.cy/en/business/sir-stelios-awards-10-bi-communal-teams-once-again
Sir Stelios Haji-Ioannou, founder and president of the Stelios Philanthropic Foundation, awarded 10 bi-communal teams, consisting of 10 Greek Cypriot and 10 Turkish Cypriot business people, who stood out in the “Stelios Bi-Communal Awards for Business Co-operation 2023”....
https://knews.kathimerini.com.cy/en/news/cyprus-scraps-online-migration-appointments-after-scandal
Immigration authorities in the Republic of Cyprus scrapped an online appointment platform on Monday after allegations were made public about agents selling available slots to foreigners for profit and causing months of waiting for those who did not shell out the cash...
https://knews.kathimerini.com.cy/en/news/hsbc-buys-failed-silicon-valley-bank-in-bid-to-stem-fallout
Governments in the UK and the U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down....
https://knews.kathimerini.com.cy/en/news/saudi-arabia-puts-$5-billion-into-turkish-central-bank
Saudi Arabia said Monday it deposited $5 billion into the Turkish central bank, likely helping Ankara firm up its long-weakening currency, the lira, after last month’s massive earthquake that struck southeast Turkey and northern Syria....
https://knews.kathimerini.com.cy/en/news/kaili-lawyer-stunned-as-mep-s-partner-walks-free
The defense for Greek MEP Eva Kaili is raising hell after Belgian authorities released her partner in an ongoing corruption investigation, with one of her lawyers accusing Belgium’s criminal justice of operating against European legal culture...
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/comment/opinion/thinking-of-investing-in-real-estate-don-t-do-it
A lack of financial literacy can lead people to consider investing in direct real estate. This a provocative statement to say the least, so let me explain....
https://knews.kathimerini.com.cy/en/news/many-countries-stepping-up-as-death-toll-continues-to-rise
The EU has mobilized 27 search and rescue teams from 19 European countries, the European Commissioner for Crisis Management stated in a tweet on Tuesday....
https://knews.kathimerini.com.cy/en/news/elections-unlikely-to-draw-a-clear-winner-this-sunday
Cypriots vote on Sunday in a presidential election that has split the political right and is unlikely to produce a clear winner, setting the stage for a runoff on Feb. 12....
https://knews.kathimerini.com.cy/en/news/cbc-household-debt-at-77-of-gdp
The household debt ratio stood at 77% of the Gross Domestic Product (GDP) at the end of September 2022, marking a slight decrease compared to the previous quarter, due to the increase in GDP, according to data published by the Central Bank of Cyprus on its website on Tuesday, in the "Quarterly Financial Accounts" edition, for the reporting quarter ending September 2022. ...
https://knews.kathimerini.com.cy/en/business/113-7-increase-in-counterfeit-euro-banknotes-in-2022
In 2022, 451 counterfeit euro banknotes were removed from circulation in Cyprus, an increase of 113.7 percent over the previous year....
https://knews.kathimerini.com.cy/en/news/panzeri-to-be-let-off-after-agreeing-to-name-names
Belgium’s federal prosecutor said on Tuesday that former Italian member of the European Parliament Pier Antonio Panzeri agreed to work with Belgian authorities over a cash-for-influence corruption scandal in exchange for a reduced sentence...
https://knews.kathimerini.com.cy/en/news/demetra-has-invested-75-of-its-capital-in-hellenic
Demetra Investment, the Cyprus Investment Fund, has dedicated 75% of its investments to Hellenic Bank....
https://knews.kathimerini.com.cy/en/news/thief-arrested-after-reporting-his-phone-lost-during-burglary
When he went to the police to find a mobile phone he lost while burglarizing a convenience store, a 27-year-old thief in Thessaloniki fell into a trap he unintentionally set for himself, which led to his arrest....
https://knews.kathimerini.com.cy/en/business/cyprus-national-minimum-wage-takes-effect-on-first-day-of-2023
National Minimum Wage in effect in Cyprus for the first time in January...
https://knews.kathimerini.com.cy/en/news/cyprus-rolls-out-new-scheme-to-subsidize-e-vehicles
The budget for subsidizing the purchase of electric vehicles and withdrawing old cars, motorbikes, mopeds and bicycles is at €10 million Transport Minister Yiannis Karousos has said...
https://knews.kathimerini.com.cy/en/news/cash-still-king-as-cypriots-take-digital-leap
The growing preference of Cypriots for digital means of payment, but also the desire to maintain the ability to pay with cash and checks, are the main conclusions of the report of the Central Bank of Cyprus on Retail Payments in Cyprus for the years 2014-2021...
https://knews.kathimerini.com.cy/en/news/kaili-s-paros-plot-frozen-pending-investigation
A Supreme Court prosecutor has ordered that a plot of land on the island of Paros bought by MEP Eva Kaili and her husband Francesco Giorgi be frozen pending a money-laundering investigation into the activities of the couple....
https://knews.kathimerini.com.cy/en/news/kaili-admits-to-asking-father-to-hide-money
Greek MEP Eva Kaili has admitted under questioning in Belgium that she had asked her father to hide part of the money that was in her home, according to reports in the Belgian magazine Knack and newspaper Soir....
https://knews.kathimerini.com.cy/en/business/december-newsletter-of-k-treppides-co-ltd
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....
https://knews.kathimerini.com.cy/en/news/eva-kaili-from-city-council-to-city-prison
https://knews.kathimerini.com.cy/en/business/what-did-cypriot-consumers-purchase-in-2022
Cashless transactions have significantly increased since businesses are now required to accept credit or debit cards. Card payments now account for approximately 72% of all commercial transactions, rather than cash. ...
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/the-week-that-shook-brussels-saw-a-police-stakeout-piles-of-cash-and-reform-promises
The police had been waiting since dawn. Officers from the special unit of Belgium’s federal police gathered on Rue Wiertz, close to the European Parliament in Brussels. ...
https://knews.kathimerini.com.cy/en/news/eu-parliament-halts-work-on-qatar-related-cases
The European Union’s parliament voted Thursday to suspend work on all files involving Qatar, and called for security passes for representatives of the Gulf country’s interests to be withdrawn until light can be shed on a corruption scandal rocking the assembly....
https://knews.kathimerini.com.cy/en/news/missing-link-in-qatargate-broached-in-cyprus
A lawmaker and transparency advocate in Cyprus is calling on a Cypriot MEP to clarify earlier comments about his Greek colleague Eva Kaili, who remains in custody in connection with a corruption probe in the European parliament...
https://knews.kathimerini.com.cy/en/business/kedipes-disburses-another-€80-million-to-the-state
The Board of Directors of the state-owned asset manager, KEDIPES, has decided to disburse another €80 million to state coffers for the fourth quarter of this year, with the amount paid to the state in 2022 reaching €310 million....