https://knews.kathimerini.com.cy/en/news/ecb-to-review-akel-s-proposed-bank-tax-amid-financial-concerns
The European Central Bank (ECB) is set to evaluate a proposed "windfall tax" on banks, commonly associated with the leftist political party AKEL, in Cyprus. ...
https://knews.kathimerini.com.cy/en/business/exness-ceo-cut-red-tape-to-boost-europe-s-economy
Petr Valov, CEO of Exness, has called for the reduction of excessive regulations in Europe, arguing that deregulation could help boost the region's economic competitiveness....
https://knews.kathimerini.com.cy/en/news/digital-tools-launched-to-improve-nicosia-s-urban-life
Nicosia Mayor Charalambos Proutzos emphasized the importance of enhancing citizens' quality of life through smart technologies, stating, "Our goal is not just......
https://knews.kathimerini.com.cy/en/news/beth-davies-discusses-innovation-and-culture-at-digital-agenda-cyprus-summit
Beth Davies, a renowned HR leader known for her pivotal roles at Tesla and Apple, spoke today at the Digital Agenda Cyprus Summit, which is currently underway at the Nicosia Municipal Theatre....
https://knews.kathimerini.com.cy/en/news/digital-agenda-summit-2024-underway-shaping-cyprus-tech-future
The Digital Agenda Summit 2024 kicked off this morning at the Nicosia Municipal Theatre, bringing together top industry leaders, government officials, and tech experts from around the region. ...
https://knews.kathimerini.com.cy/en/news/limassol-office-costs-outpace-london-and-amsterdam
Office rental prices in Cyprus, particularly in Limassol, have exceeded those in cities like London and Amsterdam, according to major tech companies operating on the island....
https://knews.kathimerini.com.cy/en/news/eu-takes-cyprus-to-court-over-tax-law-delays
The European Commission has referred Cyprus, along with Spain, Poland, and Portugal, to the European Court of Justice for failing to implement the 2022 directive on a global minimum level of taxation for multinational corporations and large companies (Pillar 2 directive)....
https://knews.kathimerini.com.cy/en/news/cyprus-central-bank-raises-2024-gdp-growth-forecast-to-3-5
The Central Bank of Cyprus (CBC) has revised GDP growth rate up by 0.5 percentage points for 2024, to 3.5%, compared to its forecasts last June, stressing that there does not seem to be any significant negative impact on investments from the conflict in the Middle East.
...
https://knews.kathimerini.com.cy/en/news/cyprus-luxury-resort-tied-to-russia-s-$230m-magnitsky-scandal
Cypriot police are close to completing an investigation into allegations connecting a luxury resort to one of Russia’s biggest financial scandals, the Magnitsky case, according to police officials....
https://knews.kathimerini.com.cy/en/news/education-ministry-expands-security-guard-program-to-all-high-schools
The Government has decided to place security guards in all high schools across the country, Education Minister Athena Michaelidou announced today....
https://knews.kathimerini.com.cy/en/news/us-urges-tighter-oversight-of-cypriot-service-providers-to-combat-financial-crime
Cypriot accountants and lawyers are under pressure from U.S. authorities to align with banking standards in combating financial crime. ...
https://knews.kathimerini.com.cy/en/business/the-rise-of-applied-regulatory-compliance-from-theory-to-practice
As regulatory expectations continue to soar, it is clear that firms must shift from mere consultation to actionable compliance. ...
https://knews.kathimerini.com.cy/en/business/tighter-lending-rules-for-businesses-while-household-loans-remain-steady
Cypriot banks made it harder for businesses to get loans in the second quarter of 2024, while lending rules for households stayed the same, according to a new survey by the Central Bank of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/business/cypriot-fleet-grows-by-12-deputy-minister-highlights-at-agm
The fleet of ocean-going vessels in the Cypriot registry has risen by 12% in the last year, Deputy Minister for Shipping Marina Hadjimanolis said during the Annual General Meeting of the Cyprus Ship Owners Association held in Athens....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-shares-surge-4-6-on-first-day-back-in-athens
Bank of Cyprus shares surged on their first day of trading at the Athens Exchange, reaching €5.00, marking a notable return to the Greek financial market after seven years....
https://knews.kathimerini.com.cy/en/news/boc-shares-open-at-4-78-on-athens-exchange-post-london-exit
The Bank of Cyprus made its debut on the Athens Stock Exchange (ASE) today, following the delisting of its shares from the London Stock Exchange (LSE).
...
https://knews.kathimerini.com.cy/en/news/cypriot-loan-servicers-struggle-as-red-loans-hit-€21-2b
While non-performing loans (NPLs) in Cypriot banks are gradually declining, the situation remains dire for "red loans" held by loan acquisition companies, or "servicers." ...
https://knews.kathimerini.com.cy/en/business/the-5th-lidl-wellness-camp-was-held-with-great-success
Continuing its tradition of promoting and strengthening a healthy lifestyle, Lidl Cyprus welcomed more than 250 participants of all ages to this year's Lidl Wellness Camp....
https://knews.kathimerini.com.cy/en/news/calls-to-reduce-fines-for-late-ubo-submissions-in-cyprus
High fines have spurred companies in Cyprus to comply with the submission of beneficial ownership details to the Company Registrar's Beneficial Ownership Register.
...
https://knews.kathimerini.com.cy/en/news/ftc-accuses-meta-of-putting-profits-ahead-of-user-privacy
A years-long study has uncovered that major social media and internet companies are involved in "mass surveillance" to capitalize on users' personal data, according to the U.S. Federal Trade Commission (FTC)....
https://knews.kathimerini.com.cy/en/news/how-did-israel-turn-hezbollah-s-pagers-into-deadly-weapons
Israel orchestrated the recent explosions of Hezbollah-linked pagers and walkie-talkies in Lebanon, according to defense and intelligence sources, leading to the deaths of at least 32 people and injuring thousands....
https://knews.kathimerini.com.cy/en/news/cyprus-secures-majority-of-eu-funds-with-minor-tax-reform-pending
The European Commission has given Cyprus the green light for most of its request for €152 million in funding as part of the EU’s Recovery and Resilience plan, which aims to boost economies after the pandemic. Out of 38 goals Cyprus needed to meet, 37 were approved....
https://knews.kathimerini.com.cy/en/news/best-selling-author-calum-chace-to-speak-at-digital-agenda-cyprus-summit-2024
Calum Chace is a leading voice on artificial intelligence, focusing on its impact on society, economies, and our everyday lives. His work explores both the medium and long-term implications of AI. ...
https://knews.kathimerini.com.cy/en/business/ft-china-slaps-pwc-with-$62-million-fine-and-six-month-ban
Chinese authorities have hit PwC China with a hefty fine of $62 million and a six-month ban following a major scandal involving the collapsed property developer Evergrande, according to the Financial Times. ...
https://knews.kathimerini.com.cy/en/news/shipping-minister-champions-new-maritime-training-facilities-at-chios-academy
The qualitative upgrading of maritime education is of primary importance, Deputy Minister of Shipping Marina Hatzimanolis has said recently in Greece......
https://knews.kathimerini.com.cy/en/news/cyprus-banks-praised-for-stronger-sanctions-enforcement-by-us
US sanctions imposed on entities and individuals in Cyprus are not targeting the country, but “oligarchs and arms traders” enabling “the Kremlin war machine” to continue the war in Ukraine......
https://knews.kathimerini.com.cy/en/business/€13-billion-tax-bill-for-apple-€2-4-billion-fine-for-google
Apple has lost its legal battle against a €13 billion ($14.4 billion) tax bill after Europe’s top court ruled in favor of the European Commission on Tuesday....
https://knews.kathimerini.com.cy/en/news/eu-too-dependent-on-us-for-defense-gear-report-finds
The European Union is buying too much of its defense equipment from the United States and not investing enough in its own military projects, a new report by former Italian Prime Minister Mario Draghi warned Monday. ...
https://knews.kathimerini.com.cy/en/news/wired-uk-founder-david-rowan-at-the-digital-agenda-cyprus-summit
Investor, author, and World Economic Forum contributor David Rowan will be joining us at the Digital Agenda Cyprus Summit....
https://knews.kathimerini.com.cy/en/news/google-s-grip-on-googling-fades-as-gen-z-shifts-online-habits
Twenty years ago, Google achieved what few companies can: its name became a verb. Merriam-Webster dictionary officially recognized “Google” as a verb, synonymous with searching for something online.
...
