https://knews.kathimerini.com.cy/en/business/cyprus-banks-strict-adherence-to-sanctions-worries-legitimate-entities
Banks have become cautious regarding sanctions imposed by the USA, EU, and UK, and they are not willing to take any risk in serving individuals or entities in Cyprus who are subject to sanctions....
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/news/finmin-stresses-importance-of-stable-legislation-for-out-of-court-auctions
The Finance Ministry has stressed the importance of having stable legislation regulating out-of-court auctions, in tandem with an effective insolvency framework in order to achieve a reduction of bad loans....
https://knews.kathimerini.com.cy/en/business/herodotou-calls-for-increased-vigilance-to-avert-private-debt-defaults
Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) called for the preservation of fiscal space, as the economic prospects are deteriorating due to Russia’s war in Ukraine....
https://knews.kathimerini.com.cy/en/comment/opinion/the-belgian-wheel-is-in-motion
Many Cypriots live in a state of frustration. How did Belgian authorities respond decisively to the well-known case, while the island's law enforcement took two weeks to visit Syllouris?...
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/ec-approves-7-75m-aid-for-cyprus-agricultural-sector
The European Commission has approved a 7.75 million euro Cypriot scheme to help some agricultural producers through direct grants, in order to deal with the side effects of Russia's invasion of Ukraine....
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/news/europe-s-vegetable-farmers-warn-of-shortages-as-energy-crisis-bites
Emmanuel Lefebvre produces thousands of tonnes of endives on his farm in northern France annually, but this year he may abandon his crop because of the crippling energy costs required to freeze the harvested bulbs....
https://knews.kathimerini.com.cy/en/news/anna-luhrmann-speaks-to-k-with-a-view-to-strengthening-cypriot-german-relations
German State Secretary for Foreign Affairs Foreign Affairs, Anna Luhrmann, arrived in Cyprus on an official visit and spoke to "K" about the current developments in the eastern Mediterranean and the war in Ukraine. ...
https://knews.kathimerini.com.cy/en/news/dad-s-hurried-deportation-stirs-debate-in-cyprus
The hasty deportation of a detained man, whose wife and teenage son remain in Cyprus, has stirred up debate this week, bringing the child commissioner head to head with the state’s law enforcement authorities and even the interior minister himself...
https://knews.kathimerini.com.cy/en/news/cyprus-will-request-ec-permission-to-implement-mortage-to-rent-scheme
Cypriot authorities plan to submit in June an official request to the European Commission for the implementation of a mortgage-to-rent scheme, aiming to address non-performing loans collateralized by primary residences and SME business premises with an estimated contractual value of €3 billion....
https://knews.kathimerini.com.cy/en/news/census-takers-face-hostility-in-cyprus
Census workers in Cyprus are facing hostile residents during the ongoing campaign, as many citizens say they are worried about their personal information also being collected for sinister purposes...
https://knews.kathimerini.com.cy/en/news/op-ed-you-can-help-break-the-bias-against-women
This year for Women’s History month, in Cyprus, the United States, and around the world we recognized the achievements of women and girls, celebrated progress made towards achieving equality, and recommitted ourselves to ensuring the full measure of dignity and opportunity due all humans is available to women everywhere. ...
https://knews.kathimerini.com.cy/en/news/the-licensing-of-block-5-to-exxonmobil-and-qatar-energy-is-done
The Government of Cyprus and the joint venture ExxonMobil and Qatar Energy on Friday signed the Contract for Exploration and Proportional Allocation of Production and the Hydrocarbon Exploration License for block 5 in the Cyprus Exclusive Economic Zone (EEZ)....
https://knews.kathimerini.com.cy/en/news/cyprus-sees-increase-in-migrant-arrivals
Commission Vice President Margaritis Schinas and Commissioner for Home Affairs Ylva Johansson presented a Report on Migration and Asylum on Wednesday,...
https://knews.kathimerini.com.cy/en/news/cyprus-receives-157-million-for-recovery-and-resilience-plan
The European Commission today has disbursed €157 million to Cyprus to help kick-start reforms and investments....
https://knews.kathimerini.com.cy/en/news/nicosia-fares-well-in-intense-eu-council
Nicosia has welcomed a European Council statement that included conclusions on Turkey, after the EU27 leaders held long and protracted consultations that got testy at times especially during Russia talk...
https://knews.kathimerini.com.cy/en/news/ecb-tells-cyprus-lawmakers-to-get-it-right
Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...
https://knews.kathimerini.com.cy/en/news/eu-us-summit-mentions-eastern-mediterranean
In a move to restore transatlantic ties, the US commander-in-chief and his two EU counterparts stressed the need for “sustainable de-escalation' of tensions in the eastern Mediterranean, with a final draft making reference to Turkey and international law after some words were left out...
https://knews.kathimerini.com.cy/en/news/rescued-turtle-released-back-into-the-ocean
Iole the sea turtle, who cheated death last year thanks to beach visitors and staff at the Cyprus Marine Aquaculture Research Center, has been released back to her natural habitat after a long rehabilitation treatment...
https://knews.kathimerini.com.cy/en/news/imf-withdrawal-of-support-measures-should-be-gradual
An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....
https://knews.kathimerini.com.cy/en/news/borrell-report-on-turkey-covers-all-bases
A report by European Commission Vice-President and High Representative Josep Borrell spells out the 'political and economic consequences' that Turkey will suffer should the country 'not move forward constructively in developing a genuine partnership with the EU'...
https://knews.kathimerini.com.cy/en/news/borrell-cyprob-solution-must-come-from-cypriots-themselves
"The European Union fully supports the resumption of a settlement process under UN auspices, as soon as possible," and stands ready to provide whatever assistance both parties and the UN would find most useful, the EU’s Foreign Policy chief Josep Borrell said Thursday....
https://knews.kathimerini.com.cy/en/news/syrian-walks-free-after-long-detention
A Syrian man was detained since May 2019 on terrorism charges won his appeal on Thursday, after the Supreme Court ruled that his detention had exceeded any valid period that had previously been justified on national security grounds...
https://knews.kathimerini.com.cy/en/news/cyprus-to-reduce-debt-once-pandemic-normalises-finmin-says
Cyprus Minister of Finance Constantinos Petrides told the Cyprus News Agency that the government will begin reducing public debt, increased due to strategic cash reserves, once the pandemic begins to normalise....
https://knews.kathimerini.com.cy/en/news/cyprus-parliament-approves-legislation-for-social-enterprises
Parliament on Thursday passed into law a bill allowing social enterprises to be set up in the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-rationalizes-sanctions-against-turkey
Cypriot Defence Minister Charalambos Petrides has reiterated his country’s position in seeking a settlement of the Cyprus problem, adding that economic sanctions against Ankara remain on the table 'as long as Turkey continues to maintain tensions'...
https://knews.kathimerini.com.cy/en/news/council-of-europe-report-critical-of-greece-s-migrant-pushbacks-detention-conditions
A Council of Europe report, released Thursday, calls on Greece to stop pushbacks of migrants and calls out the country on the conditions in several migrant detention centers....
https://knews.kathimerini.com.cy/en/news/china-s-new-ambassador-lands-in-cyprus
China’s new ambassador to Cyprus, Yantao Liu, landed on the island Thursday and quickly got to work in Nicosia, saying ties between the two countries were a at 'historic best'...
