https://knews.kathimerini.com.cy/en/news/keravnos-continues-to-call-on-banks-to-slash-interest-rates
Finance Minister, Makis Keravnos, called on local banks to slash interest rates, emphasizing the urgency for change in the financial landscape. Keravnos's remarks come just before the European Central Bank's Governing Council convenes,...
https://knews.kathimerini.com.cy/en/business/ecommbx-secures-top-spot-as-cyprus-best-workplace
ECOMMBX is excited to announce that it has been recognized as Cyprus’ Best Workplace by Great Place To Work in the category 20 –100 Spartans. ...
https://knews.kathimerini.com.cy/en/news/eu-warns-cyprus-on-15-business-tax-compliance
The European Commission has warned Cyprus and several other countries to step up their game on important new tax and data rules. Cyprus, along with Spain, Latvia, Lithuania, Poland, and Portugal, is under pressure to enforce a minimum 15% tax rate for big multinational companies, a key part of the EU’s efforts to ensure fair taxation....
https://knews.kathimerini.com.cy/en/business/resilient-ceos-embrace-ai-plan-for-sustainable-futures
Two in three CEOs optimistic about revenue and profit growth despite a challenging economic environment....
https://knews.kathimerini.com.cy/en/news/andreas-petsas-and-eurobank-support-sustainability-at-green-agenda
In a pivotal speech delivered at the 'Green Agenda' conference hosted at Hilton Nicosia, Mr. Andreas Petsas, Senior General Manager of Eurobank......
https://knews.kathimerini.com.cy/en/news/ft-law-firms-turn-to-ai-for-cost-cutting-and-efficiency
Law firms worldwide are increasingly turning to generative artificial intelligence (AI) to streamline operations and reduce costs, with many either......
https://knews.kathimerini.com.cy/en/news/from-gigabytes-to-watts-telcos-evolution-into-energy-providers
Andreas Neocleous is the first CEO of Cyta, Cyprus’ largest telecommunications organization, to have been appointed from the private sector....
https://knews.kathimerini.com.cy/en/news/banking-sector-s-pledge-to-environmental-transition
Eliza has been the Executive Director of Finance since October 2019 and since October 2021 she has been an Executive Member of the Bank of Cyprus Board of Directors....
https://knews.kathimerini.com.cy/en/news/cypriot-banks-set-to-exceed-2023-s-record-profits-in-2024
Cypriot banks are maintaining a low profile, but it's expected that 2024 will bring in higher profits compared to the record-breaking figures of 2023. ...
https://knews.kathimerini.com.cy/en/news/uncovering-transparency-issues-in-public-contracts
The uproar surrounding a revitalizing project on the outskirts of Nicosia, the capital, is just a drop in the bucket compared to the broader issues plaguing certain contracting firms and the administration overseeing public contracts....
https://knews.kathimerini.com.cy/en/business/global-talent-crisis-desire-for-international-experience-skyrockets
EY survey shows 75% of employers do not have fully developed mobility functions vital for meeting modern business and talent demands....
https://knews.kathimerini.com.cy/en/business/dynamic-presence-of-petrolina-at-the-opap-limassol-marathon-2024
Once again, Petrolina's contribution to the organization of the OPAP Limassol Marathon was dynamic. The marathon took place on April 13th - 14th, 2024, with a record number of participants exceeding 17,000 runners from Cyprus and abroad....
https://knews.kathimerini.com.cy/en/news/green-marketing-the-truth-behind-eco-friendly-claims
The deceptive practice of greenwashing, aimed at misleading consumers about the environmental qualities of products or services, is drawing increasing scrutiny....
https://knews.kathimerini.com.cy/en/business/employers-call-for-tax-reform-to-spur-economic-growth
Employers are advocating for a comprehensive overhaul of the tax system, proposing significant changes aimed at boosting economic activity and competitiveness. Here's a breakdown of their proposals:...
https://knews.kathimerini.com.cy/en/business/business-loans-drop-home-loans-steady
The Central Bank of Cyprus reported on Wednesday that the net demand for corporate loans continued to decrease in the last quarter of 2023, marking a consistent downward trend since the first quarter of 2022, although at a slower pace than anticipated earlier in the year....
https://knews.kathimerini.com.cy/en/news/winter-2024-brings-17-boost-in-energy-production
Energean recorded new production growth in the first two months of 2024. Specifically, the company said in a statement that from 123 thousand......
https://knews.kathimerini.com.cy/en/business/responsible-today-sustainable-tomorrow-lidl-cyprus-with-an-eye-on-cyprus-of-the-future
An event dedicated to its vision for a sustainable tomorrow was held by Lidl Cyprus at the premises of the Lidl Food Academy in the centre of Nicosia on Thursday 21 March 2023, in the presence of the honourable Minister of Energy, Trade and Industry, Mr. Giorgos Papanastasiou, as well as other institutional body representatives and partners of the company, as well as representatives of the media. ...
https://knews.kathimerini.com.cy/en/news/us-justice-department-sues-apple-for-its-smartphone-monopoly
The Justice Department has filed a wide-ranging antitrust lawsuit against tech giant Apple, alleging the company has established an illegal monopoly in the smartphone market,...
https://knews.kathimerini.com.cy/en/business/israeli-tax-authorities-probe-israeli-investor-activities-in-cyprus
Israeli tax authorities are investigating the extensive business activities of Israeli investors in Cyprus, as revealed by Shai Aharonovich, head of Israel's Tax Department, in a report by leading financial newspaper, Globes....
https://knews.kathimerini.com.cy/en/news/cyprus-a-familiar-economic-space-for-greece
In an interview conducted by Kathimerini reporter Panayiotis Rougalas, Greece's Central Bank Governor, Mr. Yiannis Stournaras, sheds light on various aspects of the country's monetary policy and economic landscape....
https://knews.kathimerini.com.cy/en/business/xm-invests-in-aris-for-future-entrepreneurs
XM, an international company that has established itself as a leader in the investment industry in forex, CFD in shares, metals and more, actively supports education and skills development initiatives through its sponsorship of ARIS (A Really Inspiring Space)....
https://knews.kathimerini.com.cy/en/comment/opinion/what-role-do-banks-ultimately-play
Are banks merely financial entities providing a range of services to the public and businesses, solely driven by profit for shareholders? Banks serve as the heart of our economic and social systems, ...
https://knews.kathimerini.com.cy/en/business/bitcoin-surpasses-$57-000-on-etf-boost-and-corporate-investments
Bitcoin reached a milestone, surpassing $57,000, driven by increasing demand from exchange-traded funds (ETFs) and corporate investments, notably by MicroStrategy. ...
https://knews.kathimerini.com.cy/en/news/government-now-implements-preemptive-checks-on-companies
In a decision announced by Finance Minister Makis Keraunos on Tuesday, the Cabinet approved the establishment of a unified regulatory authority for companies offering administrative services.
...
https://knews.kathimerini.com.cy/en/business/ceos-globally-forecast-increase-in-revenues-profits-and-deal-making-in-2024-as-business-transformation-moves-up-the-agenda
CEOs are optimistic about their ability to drive revenue growth and profitability in 2024 despite global economic headwinds, according to the latest EY CEO Outlook Pulse survey....
https://knews.kathimerini.com.cy/en/business/pillar-two-readiness-and-technology
As per our previous publications and alerts, we had the opportunity to communicate a significant development - the introduction of BEPS 2.0 Pillar Two or Global Minimum Tax. The European Union unanimously adopted a directive in December 2022 (the ''Minimum Tax Directive''). ...
https://knews.kathimerini.com.cy/en/news/cyprus-banks-push-for-green-standards-with-esg-certification
Artemis Credit Bureau, a subsidiary of the Association of Cyprus Banks, announced it will launch an interbank project for the corporate certification on ESG (Environmental – Social – Governance) criteria.
...
https://knews.kathimerini.com.cy/en/business/safe-bulkers-inc-launches-deck-officer-training-scholarship-program
In a bid to foster interest in maritime professions among young individuals and align with environmental, social, and corporate governance goals, Polly Hatzioannou's company, SAFE BULKERS Inc., has announced the initiation of the Deck Officer Training Scholarship program....
https://knews.kathimerini.com.cy/en/news/imperio-leads-cyprus-real-estate-into-green-future-with-first-ever-esg-report
Imperio remains steadfast in its commitment to promote the green transition of Cyprus’ real estate sector – a development that will greatly benefit the sector’s businesses, society, economy, as well as the environment itself, in multiple ways....
https://knews.kathimerini.com.cy/en/business/ey-seminar-explores-green-tax-impact-on-businesses
EY Cyprus Academy of Learning and Development Organized a Seminar on Sustainability and Green Taxes Affecting Business – As – Usual: The EU Role of Cyprus.
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