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....
https://knews.kathimerini.com.cy/en/news/qatargate-kaili-s-partner-confesses-and-names-names
Eva Kaili's husband, Francesco Giorgi, admitted his involvement in the Qatargate scandal, according to Le Soir and La Repubblica....
https://knews.kathimerini.com.cy/en/news/cop-screams-at-wolt-drivers-during-protest-in-cyprus
Wolt drivers in the Republic of Cyprus carried on with demonstrations this week over working conditions and compensation, with one cop known as ‘Black Widow’ getting into a shouting match with food couriers who took to the streets of the capital...
https://knews.kathimerini.com.cy/en/news/kaili-s-lawyer-drops-hint-about-italian-job
There is conflicting information about a corruption investigation in the European Parliament following the arrest of a Greek former VP, with media reports speculating she was being detained in connection with Qatar while her lawyer is pointing the finger squarely at her Italian fellow suspects including her male partner...
https://knews.kathimerini.com.cy/en/news/kaili-in-custody-until-next-week-decision-on-the-three-is-expected
Eva Kaili, a Greek MEP and former vice-president of the European Parliament, will be detained until next week, according to AFP....
https://knews.kathimerini.com.cy/en/business/cyprus-retail-sector-continues-climb-despite-inflation
Black Friday, with its high levels of traffic and shopping, appears to have given way to the Christmas holiday season. The market is still moving well, with increased foot traffic in shopping malls and main streets....
https://knews.kathimerini.com.cy/en/news/mep-eva-kaili-fires-back-from-jail-cell
An attorney for EU lawmaker Eva Kaili, who is accused of being involved in an alleged bribery scandal involving a Gulf state, says money found in his client’s Brussels home did not belong to her, while a Cypriot MEP says he was troubled by her colleague’s stance towards Turkey’s ally Qatar...
https://knews.kathimerini.com.cy/en/news/more-than-€1-5-million-in-cash-seized-from-kaili-panzeri
More than €1.5 million in cash was seized from the homes of Eva Kaili and former MEP Pierre Antonio Panzeri in Brussels, according to Belgian police....
https://knews.kathimerini.com.cy/en/news/eu-lawmaker-denies-taking-bribes-from-qatar
European Parliament Vice President Eva Kaili, a suspect in an investigation into money laundering and corruption at the parliament, has denied receiving money from Qatar, one of her lawyers said in Greece on Tuesday...
https://knews.kathimerini.com.cy/en/news/police-raid-more-eu-parliament-offices-in-corruption-probe
Belgian police conducted more raids at European Parliament offices Monday as the legislature’s president pledged to launch an internal investigation into corruption allegations and the bloc’s top official called for the creation of an EU-wide independent ethics body...
https://knews.kathimerini.com.cy/en/business/consulco-launches-its-direct-real-estate-investment-services
Consulco, the London investment specialist has launched its direct real estate investment services assisting overseas investors to acquire and manage residential properties in central London. ...
https://knews.kathimerini.com.cy/en/news/crypto-world-shaken-as-europe-arrests-mep
The arrest of MEP Eva Kaili on corruption charges involving a Gulf state has sparked media frenzy over the weekend, with Qatar refuting reports that the world cup host is involved while Belgian officials have not named the country that allegedly attempted to bribe the crypto ally...
https://knews.kathimerini.com.cy/en/business/black-friday-see-how-the-annual-shopping-event-is-shaping-up-photos
On Thursday afternoon, sales began to increase significantly, particularly in shopping centers that benefited from favorable weather conditions, however, as of Friday morning, traffic appears to be somewhat subdued, at least in comparison to the corresponding images from 2019....
https://knews.kathimerini.com.cy/en/news/14-billion-euros of-loans-on-ice-due-to-the-suspension-of-foreclosure-sales
In Cyprus, credit purchasing companies manage over 80,000 loans totaling €20 billion....
https://knews.kathimerini.com.cy/en/news/the-consequences-of-continuing-foreclosure-suspensions
Lambros Papadopoulos, President of the state-owned asset management company, KEDIPES, warned on Tuesday that the continued suspension of foreclosures will negatively affect the company’s revenue from non-performing loans (NPLs) management resulting in a reduced repayment of state aid....
https://knews.kathimerini.com.cy/en/business/boc-profits-for-first-nine-months-gobbled-up-by-voluntary-retirement-plan
The bank reported 9 million euro losses following the summer departure of 550 employees, which cost it 104 million....
https://knews.kathimerini.com.cy/en/news/household-debt-in-cyprus-was-81-of-gdp-in-june
Household debt stood at EUR 20.1 billion at the end of June 2022, with the relevant debt ratio standing at 81% of GDP, a slight decrease compared to the previous quarter due to GDP growth....
https://knews.kathimerini.com.cy/en/news/abduction-of-cyprus-little-hacker-points-to-bizarre-case
Cyprus Police have landed on a tortuous case after it was revealed that a recent abduction of the island’s infamous 'Little Hacker' allegedly came to expose a fake arrest in the buffer zone and a real plot against a prominent businessman who has been in the crosshairs of law enforcement for years...
https://knews.kathimerini.com.cy/en/business/consumers-preferred-plastic-money-over-cash-this-summer
Consumer card usage for purchases is still on the rise. The most recent JCC data, covering Q3 2022, reveals an increase in card usage in Cyprus for both Cypriot and foreign cards. ...
https://knews.kathimerini.com.cy/en/news/government-offers-cash-for-whistleblower-s-torched-cars
The transport minister in the Republic of Cyprus has been credited with a Cabinet decision to compensate a state employee, whose family vehicles were torched after he blew the whistle on a car sales scam...
https://knews.kathimerini.com.cy/en/news/imf-predicts-a-return-to-fiscal-surpluses-for-cyprus-following-the-pandemic
Cyprus’ public finances will return to surpluses in 2023 which will continue until 2027, the IMF said in its Fiscal Monitor 2022 issued on Wednesday....
https://knews.kathimerini.com.cy/en/business/global-fintech-market-resilient-in-h1-22-$107-8-billion-in-investment-according-to-kpmg-s-pulse-of-fintech
Global fintech investment declined from $111.2 billion in H2’21 to $107.8 billion in H1’22, but remained remarkably resilient compared to historical trends given the challenges affecting the broader investment market, including geopolitical uncertainty, growing inflation, and increasing interest rates. ...
https://knews.kathimerini.com.cy/en/news/eu-countries-approve-energy-windfall-levies-turn-to-gas-price-cap
European Union countries agreed on Friday to impose emergency levies on energy firms’ windfall profits and began talks on their next move to tackle Europe’s energy crunch – possibly a bloc-wide gas price cap....
https://knews.kathimerini.com.cy/en/news/why-evs-are-a-flop-in-cyprus-…-so-far
It's only a 150-kilometer drive across Cyprus; well below how far an average electric vehicle can drive on a single charge. Range anxiety — a major barrier in the shift to EVs — shouldn't be a thing....
https://knews.kathimerini.com.cy/en/news/woman-forcibly-takes-savings-from-beirut-bank-using-toy-gun
A woman accompanied by activists and brandishing what she said was a toy pistol broke into a Beirut bank branch on Wednesday, taking $13,000 from her trapped savings....
https://knews.kathimerini.com.cy/en/news/cyprus-starts-golden-passport-trial-with-a-paradox
A defense attorney in the golden passport trial set to begin next month raised a conflict of interest on Monday, when his client and former House speaker along with three other defendants appeared for their arraignment before a Nicosia district judge...
https://knews.kathimerini.com.cy/en/business/greek-governement-uses-citizens-to-report-tax-evaders
The Independent Authority for Public Revenue (AADE) is about to launch a new smartphone app in the coming days whereby citizens will be able to check whether the receipts they received are genuine....
https://knews.kathimerini.com.cy/en/news/eu-plans-to-cap-gas-prices-risking-cutoff-from-russia
The European Union proposed a price cap on Russian gas on Wednesday hours after President Vladimir Putin threatened to halt all supplies if they took such a step, raising the risk of rationing in some of the world’s richest countries this winter....
https://knews.kathimerini.com.cy/en/news/kilograms-of-cash-diamonds-jewelry-and-a-picasso-still-lost-after-25-years
Swissair Flight 111 from New York's JFK airport to Geneva, Switzerland, crashes off Nova Scotia, Canada, killing 229 people....
https://knews.kathimerini.com.cy/en/news/cyprus-minimum-wage-set-at-940-euros-per-month
The Minister of Labour and Social Insurance, Kyriakos Kousios, announced the establishment of the National Minimum Wage after the meeting of the Council of Ministers, calling it a historic day for the welfare state....
