https://knews.kathimerini.com.cy/en/news/europe-s-banks-reveal-billions-worth-of-russia-risk-as-sanctions-bite
Credit Suisse said it had gross exposure to Russia of 1.6 billion Swiss francs ($1.73 billion) at the end of 2021, the latest European bank to reveal the size of potential losses as Western sanctions shut Russia out of the global financial system....
https://knews.kathimerini.com.cy/en/news/washington-bows-out-of-east-med-gas-pipeline-talk
Washington implicitly clarified in a statement on Monday that it did not support an ambitious East Med gas pipeline project, following a Twitter storm sparked by Greek media reports on a non-paper expressing American reservations about the plan...
https://knews.kathimerini.com.cy/en/news/turkish-lira-resumes-slide-to-17-5-against-the-dollar
The Turkish lira continued its freefall after President Recep Tayyip Erdogan rejected warnings from businesses about the dangers of recent interest rate cuts and vowed there was “no going back” from his approach....
https://knews.kathimerini.com.cy/en/news/end-of-an-era-germany-s-merkel-bows-out-after-16-years
Angela Merkel was assured of a place in the history books as soon as she became Germany’s first female chancellor on Nov. 22, 2005...
https://knews.kathimerini.com.cy/en/news/cyprus-wants-clean-slate-in-naturalizations
The government in the Republic of Cyprus has laid out a new blueprint for naturalizations of foreign investors and skilled immigrants, pointing to a departure from the country’s disgraced golden passport scheme while respecting the EU position on citizenship criteria...
https://knews.kathimerini.com.cy/en/news/cypriot-health-minister-to-step-down
Cypriot Health Minister Constantinos Ioannou does not intend to remain in his current position after a Cabinet reshuffle expected to be announced next week, confirming earlier rumors that he wanted to step down following a tortuous run during the pandemic...
https://knews.kathimerini.com.cy/en/news/s7-looking-to-drop-cyprus-airways
The future of Cyprus Airways is once again up in the air following reports that its Russian private shareholder S7 is looking to sell its entire stake in the Larnaca-based Charlie Airlines...
https://knews.kathimerini.com.cy/en/news/cyprus-hurries-to-clean-up-company-registry
Energy Minister Natasa Pilides has called on business stakeholders in Cyprus to embrace a new effort of recording and updating true information about beneficiaries of companies, saying a new digital registry can bolster transparency on the island...
https://knews.kathimerini.com.cy/en/news/no-progress-among-eu-leaders-on-virus-recovery-deal
European Union leaders found that a quick deal on the bloc's future long-term budget and a multibillion-euro post-pandemic recovery plan remained beyond their reach Friday as the coronavirus ravages their economies....
https://knews.kathimerini.com.cy/en/business/hellenic-bank-sells-its-most-expensive-home
Hellenic Bank has sold its most expensive home according to a special report, with foreign investors shelling out 3 million for a mansion in Lakatamia...
https://knews.kathimerini.com.cy/en/business/eib-president-in-cyprus-to-discuss-bank-s-investment-in-the-country
The European Investment Bank (EIB) President, Werner Hoyer, was in Cyprus on Monday to update President Nicos Anastasiades on recent and future investment on the island, and to review improvements the education sector which has enjoyed significant ECB investment....
https://knews.kathimerini.com.cy/en/news/woman-gets-seven-years-in-white-collar-crime
A former employee at a credit union in eastern Nicosia has been sentenced to seven years in prison for financial crimes worth over half a million...
https://knews.kathimerini.com.cy/en/news/cabinet-adopts-ihra-definition-of-anti-semitism
The President’s Cabinet has approved a decision by which the Cypriot Government adopts the definition of anti-Semitism as it has been spelled out by the International Holocaust Remembrance Alliance...
https://knews.kathimerini.com.cy/en/news/thomas-cook-crash-is-dry-run-for-brexit-failures
Social historians will mourn the demise of the world’s oldest travel company, founded by a Baptist carpenter in northern England in 1841; their corporate counterparts will not. With more than 500 high street outlets, Thomas Cook demonstrated a stunning inability to adapt to changing travel habits. The rise of budget airlines and disruptors like Airbnb combined with the weak pound and the unusually hot summer of 2018 to kill off the company which had suffered a near-death experience in 2011.
...
https://knews.kathimerini.com.cy/en/news/moody-s-changes-cyprus-outlook-to-positive
Rating agency Moody’s changed the outlook for the Cypriot economy to positive from stable, citing the reduction of the sovereign exposure to event risks stemming from the banking sector and the improving fiscal strength beating previous expectations...
https://knews.kathimerini.com.cy/en/news/britain-s-thomas-cook-scrambles-for-£200-million-to-avert-collapse
Britain’s Thomas Cook needs to find an extra 200 million pounds to satisfy its lenders or one of the world’s oldest holiday company risks collapse, potentially stranding thousands of holidaymakers across Europe.
...
https://knews.kathimerini.com.cy/en/business/moody-s-expects-deleveraging-to-resume-but-warns-over-small-economy-and-high-level-of-debt
The credit profile of Cyprus reflects its small but wealthy economy, improved economic resilience and the government`s fiscal outperformance in the wake of the country`s banking crisis, Moody's Investors Service has said in an annual report.
...
https://knews.kathimerini.com.cy/en/comment/opinion/the-‘public-interest
Greece can really take off. The economy has already reached its lowest point and is now poised for a spectacular rebound. The country’s human capital is unlimited in all sectors and for the first time in a long time we have a government that understands the notion of entrepreneurship and wants to move dynamically in the field of investments.
...
https://knews.kathimerini.com.cy/en/comment/opinion/the-others-were-merkel-s-puppets-we-were-just-naive
Prime Minister Alexis Tsipras admitted to being naive enough to believe that his European counterparts, whose countries have loaned Greece billions of euros, would go easy on him...
https://knews.kathimerini.com.cy/en/news/cyprus-one-of-the-success-stories-of-esm
https://knews.kathimerini.com.cy/en/news/agia-fyla-co-op-scandal-ends-with-acquittals
Four defendants in the Agia Fyla credit union scandal have been acquitted on all charges, with criminal judges citing failure on the part of the police to prosecute the case...
https://knews.kathimerini.com.cy/en/comment/opinion/two-worlds-on-a-collision-course
When Nicos Anastasiades was campaigning in 2013 for the presidency in the Republic of Cyprus under the banner “leadership in times of crisis” many people bought into the idea that the leader on the right would recognize the gravity of the situation and had a plan ready to get the country out of a tight spot...
https://knews.kathimerini.com.cy/en/news/kalogerides-gets-nine-years-for-armed-robbery
A man who was convicted in a credit union bank robbery in Limassol has been sentenced to nine years...
https://knews.kathimerini.com.cy/en/comment/opinion/pass-the-buck
This was a narrative that they managed to pull through for an entire five-year term in office. Because each time people were losing their calm or reacting towards new measures, the response was 'the Anastasiades government is bringing order to the chaos that it had inherited'...
https://knews.kathimerini.com.cy/en/comment/opinion/how-to-shield-a-dead-body
According to our 'wise' president, we now have to reflect and ask ourselves about something that has always been at the core of a corrupt system where all government administrations got their hands dirty...
https://knews.kathimerini.com.cy/en/comment/opinion/you-can-call-it-political-karma
With the re-election of Nicos Anastasiades, many were puzzled with Harris Georgiades’ decision to insist that he not be reappointed finance minister. Having a clear path ahead of him and a brewing storm miles away, shouldn’t he be entitled to leaving while things were still good?...
https://knews.kathimerini.com.cy/en/comment/opinion/a-probe-on-a-probe-finding
It was to be expected that the president of the Republic would stand by the finance minister, emphasizing that he still has faith in him, following the finding of the co-op investigative committee...
https://knews.kathimerini.com.cy/en/business/parsimonious-northerners-are-the-euro-s-biggest-winners-study-shows
Germany and the Netherlands have benefited enormously from the euro over the 20 years since its launch, a study has found, while for almost every other member the single currency has been a serious drag on economic growth....
https://knews.kathimerini.com.cy/en/news/merkel-expresses-support-for-reform-effort-prespes-deal
On her first visit to Athens in four years, German Chancellor Angela Merkel on Thursday expressed her support for the Prespes name deal as well as Greece’s ongoing economic reform efforts, saying the country was entering a new phase....
https://knews.kathimerini.com.cy/en/news/greece-can-count-on-germany-merkel-tells-kathimerini