https://knews.kathimerini.com.cy/en/business/sales-of-halloumi-are-increasing
The registration of halloumi cheese as a protected designation of origin product has proven to be beneficial. This is demonstrated by the latest data from the statistical service regarding exports, as well as sales in the Cypriot market....
https://knews.kathimerini.com.cy/en/business/cyprus-shifts-energy-policy-towards-natural-gas-for-power-generation
Cyprus' Minister of Energy, George Papanastasiou, announced that the country's strategy regarding the exploitation of natural gas in the Exclusive Economic Zone (EEZ) and other fields in the region will be decided after a workshop at the end of the month with the participation of energy companies in the Eastern Mediterranean. ...
https://knews.kathimerini.com.cy/en/news/frustrated-pega-member-fears-cyprus-role-in-sudan
European Union lawmakers investigating the use of Pegasus spyware against opposition politicians and journalists on Tuesday raised deep concern about abuses in Hungary and Poland and lamented a lack of cooperation with their inquiry...
https://knews.kathimerini.com.cy/en/business/it-s-surprising-how-little-was-frozen
Upon his arrival at Larnaca airport last Wednesday, Justice Commissioner Didier Raeder brought with him two pressing questions. Firstly, how is it that a country like Cyprus, which has been heavily infiltrated by Russian capital for several years, has only managed to freeze a mere 104 million euros worth of assets belonging to oligarchs under EU sanctions?...
https://knews.kathimerini.com.cy/en/business/lebanon-bans-top-cypriot-airline-from-flying-over-israeli-territories
Lebanon has barred the largest airline in Cyprus, TUS Airways, from flying in the Arab country’s airspace or landing at Beirut–Rafic Hariri International Airport, due to the fact that an Israeli corporation owns nearly half of the shares in the company....
https://knews.kathimerini.com.cy/en/news/online-food-bank-exchange-wants-to-reduce-waste
An online platform aimed at boosting food donations and also cutting down on food waste is calling on businesses to register in hopes that a broad network can be established to help the environment and those in need...
https://knews.kathimerini.com.cy/en/news/cypriot-firms-struggle-to-detach-from-sanctioned-providers
The business registrar in the Republic of Cyprus has been flooded with requests from companies scrambling to make changes to their structures, after hundreds of firms on the island saw their assets frozen due to new sanctions targeting agencies viewed by Washington and London as 'Russian enablers'...
https://knews.kathimerini.com.cy/en/news/commissioner-in-cyprus-to-probe-russian-asset-freeze
Commissioner Reynders will request information on the total value of the assets of 'Russian oligarchs' in Cyprus that have been frozen by the authorities he told Cyprus News Agency in an interview, noting that so far, according to official figures 104 million euros in assets have been frozen, which is considered a low amount...
https://knews.kathimerini.com.cy/en/news/eu-court-rejects-appeals-against-use-of-bbqloumi-and-grilloumi
The General Court of the EU rejected two appeals made by the Foundation for the Protection of Traditional Cheese named Halloumi against the use of BBQLOUMI and GRILLOUMI by companies in Bulgaria and Sweden....
https://knews.kathimerini.com.cy/en/news/us-mcdonald-s-franchisee-employed-two-10-year-olds-broke-labor-laws
A McDonald's franchisee in Kentucky employed two 10-year-old children in violation of federal labor laws, the Department of Labor said Tuesday....
https://knews.kathimerini.com.cy/en/business/expanding-profitability-and-strengthening-capital-position
Group Financial Results for the year ended December 31, 2022...
https://knews.kathimerini.com.cy/en/news/banks-announce-measures-on-interest-rates
Since July 2022, lending rates in Cyprus have risen by 3.5%, putting borrowers in a difficult position with dangerously increasing loan repayments....
https://knews.kathimerini.com.cy/en/news/cyprus-2022-household-assets-reach-€59-7b-debt-at-€20b
In December 2022, the total value of financial assets held by households was €59.7 billion. Out of this amount, 62% was invested in currency, deposits, and loans, 2% was allocated to debt securities, 19% was invested in stocks, and the remaining 17% was invested in other types of financial instruments....
https://knews.kathimerini.com.cy/en/news/100-cypriot-wines-to-feature-new-winecore-logo-on-packaging
The wine industry in Cyprus is at a turning point, as coordinated upgrading and promotion efforts are underway in both the private and public sectors. ...
https://knews.kathimerini.com.cy/en/news/gov-t-officials-submit-asset-declarations-who-holds-the-most-valuable-property
The deadline for submitting the Asset Declarations by members of the new Government, as provided by legislation, ends today, Thursday, April 27th....
https://knews.kathimerini.com.cy/en/news/mykonos-bars-face-minuscule-fine-for-illegal-structures-demolition
In the latest twist in the Mykonos saga, a new Environment Ministry legislative provision stipulates that if the Principote and Nammos bars on the island demolish all of their illegal structures by early May,...
https://knews.kathimerini.com.cy/en/business/deutsche-bank-to-slash-800-jobs-as-part-of-new-cost-cutting-initiative
Deutsche Bank to cut 800 jobs in a new cost-saving drive after reporting a bigger-than-expected rise in profit for the first quarter, a volatile period globally for finance companies....
https://knews.kathimerini.com.cy/en/comment/opinion/the-unintended-consequence-how-our-online-history-built-the-ai-industry
The AI boom is built on data, the data comes from the internet, and the internet came from us....
https://knews.kathimerini.com.cy/en/news/police-suspect-foul-play-in-cryptic-disappearance-case
A local man who did time in a US prison and is also being accused of bitcoin theft in Cyprus has turned himself in, but he is reportedly not answering questions about the disappearance of a man whose torched vehicle was found in rural Nicosia last week...
https://knews.kathimerini.com.cy/en/comment/opinion/the-real-estate-industry-s-crucial-turning-point
The European Parliament recently approved a new bill that aims to tackle climate change by reducing carbon emissions. This new legislation has significant implications for the property markets in Cyprus and Greece, where there is a large stock of buildings over 30 years old and requiring energy upgrades....
https://knews.kathimerini.com.cy/en/business/the-impact-of-sanctions-go-beyond-individuals-and-companies
George Christofides, Vice President of the Bar Association, addressed the sanctions imposed by the UK and US on legal and natural persons in Cyprus during an interview on the ''DIASPORA NEWS'' program. ...
https://knews.kathimerini.com.cy/en/news/us-congress-members-sold-bank-shares-amidst-banking-crisis-fears
On March 10, as fears were swirling over the health of the nation’s banks, an investment account belonging to the children of Rep. Jared Moskowitz, D-Fla., sold shares of Seacoast Banking Corp. worth $65,000 to $150,000....
https://knews.kathimerini.com.cy/en/business/finance-minister-considers-lowering-vat-rates-for-basic-necessities
The Minister of Finance of Cyprus, Makis Keravnos, has announced that the Ministry is considering measures for banks and credit-acquiring companies to absorb high-interest rate increases, as well as reducing value-added tax (VAT) for basic necessity products to tackle high prices....
https://knews.kathimerini.com.cy/en/news/nicosia-launches-special-unit-to-sift-through-sanctions
No derogation from EU sanctions will be tolerated, President of the Republic Nikos Christodoulides stressed on Wednesday during a meeting at the Presidential Palace on the sanctions imposed by the US and the UK against natural and legal persons from Cyprus. The President was also informed about the procedures to establish the National Sanctions Implementation Unit...
https://knews.kathimerini.com.cy/en/news/finance-minister-requests-containment-of-lending-rates-for-housing-loans
The Finance Minister of Cyprus, Makis Keravnos, has written letters to the Director General of the Cyprus Banks Association and the Director General of the Association of Credit Acquisition Companies and Credit Facility Managers, requesting measures to control rising lending rates for serviceable loans up to €350,000....
https://knews.kathimerini.com.cy/en/business/numerous-foreclosure-sales-expected-in-2023-and-2024
The COVID-19 pandemic and the subsequent suspension of divestments since 2020 have led to the creation of a considerable volume of properties for disposal that banks and credit purchase companies have on their balance sheets....
https://knews.kathimerini.com.cy/en/business/finance-ministry-launches-tender-for-companies-law-modernization
Cyprus Ministry of Finance has launched a tender with an estimated value of €2 million aiming to acquire services for the modernization and reform of the outdated Companies Law, aiming to improve the economy’s competitiveness and ease of doing business....
https://knews.kathimerini.com.cy/en/news/energy-minister-puts-forth-cyprus-natural-gas-to-cut-costs-for-consumers
Cyprus' Energy Minister George Papanastasiou said that, during his discussions with consortiums operating in the Cypriot Exclusive Economic Zone (EEZ), he suggested the option of importing natural gas quantities from the EEZ for power generation, in combination with LNG exports via a small LNG plant....
https://knews.kathimerini.com.cy/en/business/two-cypriots-sanctioned-by-uk-over-links-to-russian-oligarchs
The British government has added two Cypriots to its sanctions list due to their professional connections with Russian oligarchs Roman Abramovich and Aliyev Ushmanov. ...
https://knews.kathimerini.com.cy/en/business/three-major-concerns-of-ecb-regarding-cypriot-banks
Although Cypriot banks have made great progress over the last decade, foreign supervisors have reservations and summarise their concerns in three areas....
