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12° Nicosia,
25 July, 2024
 

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Displaying results 1-30 of 149 matches for query currency.

1. Fitch upgrades Cyprus to 'BBB+'

https://knews.kathimerini.com.cy/en/business/fitch-upgrades-cyprus-to-bbb

Fitch Ratings has upgraded Cyprus' Long-Term Foreign Currency Issuer Default Rating from 'BBB' to 'BBB+' with a positive outlook....

2. EU cracks down on TikTok lite over child addition concerns

https://knews.kathimerini.com.cy/en/news/eu-crackdown-on-tiktok-lite-over-child-addiction-concerns

European digital regulators are taking a stern stance against TikTok's latest feature, which rewards users for engaging with content, citing concerns over addiction, especially among children....

3. Turkey's Central Bank reports 2023 loss of 818.2B lira

https://knews.kathimerini.com.cy/en/news/turkey-s-central-bank-reports-2023-loss-of-818-2b-lira

Turkey’s central bank posted a 2023 loss of 818.2 billion lira ($25.25 billion), showed its balance sheet published in the Official Gazette on Sunday, on the back of steep loss stemming from the “KKM” foreign exchange-protected deposit scheme....

4.  Limassol gallery faces alleged money laundering probe

https://knews.kathimerini.com.cy/en/business/limassol-gallery-faces-alleged-money-laundering-probe

The case file regarding alleged money laundering at a Limassol gallery was transferred to the Legal Service today, with two suspects released pending further investigations....

5. Occupied territories are a 'black hole' for illicit funds

https://knews.kathimerini.com.cy/en/news/occupied-territories-are-a-black-hole-for-illicit-funds

The recent update to the US-UK sanctions list, active since last April and aimed at Russia, continues to scrutinize Cypriot-based entities suspected of violating the Russian embargo. ...

6. US sanctions Cyprus-based entity for Russian sanctions evasion

https://knews.kathimerini.com.cy/en/business/us-sanctions-cyprus-based-entity-for-russian-sanctions-evasion

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on Monday against thirteen entities and two individuals, including one based in Cyprus, ...

7. Forest Park hotel acquisition joins Cyprus' mountain peaks investment

https://knews.kathimerini.com.cy/en/news/forest-park-hotel-acquisition-joins-cyprus-mountain-peaks-investment

Investment interest in the mountainous areas of the island continues to surge, a trend observed in recent years......

8. Turkey's February inflation hits 67.07%, raises policy concerns

https://knews.kathimerini.com.cy/en/news/turkey-s-february-inflation-hits-67-07-raises-policy-concerns

Turkey's annual inflation rate surged to 67.07% in February, surpassing expectations and sustaining pressure for a stringent monetary policy. Finance Minister Mehmet Simsek acknowledged that inflation would remain high in the coming months due to base effects and the delayed impact of previous rate hikes....

9. Bitcoin surpasses $57,000 on ETF boost and corporate investments

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. ...

10. Hungary's economy targeted in EU retaliation plan

https://knews.kathimerini.com.cy/en/news/hungary-s-economy-targeted-in-eu-retaliation-plan

In a tense diplomatic standoff, officials in Brussels have allegedly devised a clandestine strategy aimed at Hungary's economy should Prime Minister Viktor Orbán persist in blocking a €50 billion support package for Ukraine....

11. Town in Croatia sells homes for 13 cents

https://knews.kathimerini.com.cy/en/news/town-in-croatia-sells-homes-for-13-cents

In the northern town of Legrad, Croatia, a creative initiative offers homes for as low as 13 cents to attract new residents. Launched in 2018, the program aims to reverse population decline, with already promising results....

12. Greece rolls out 'climate resilience levy' to fund post-disaster reconstruction

https://knews.kathimerini.com.cy/en/news/greece-rolls-out-climate-resilience-levy-to-fund-post-disaster-reconstruction

In an effort to finance reconstruction projects following severe forest fires and floods, the Greek government has introduced a new accommodation tax, referred to as the 'climate resilience levy.'...

13. Major shipping firms redirect routes as Red Sea attacks intensify

https://knews.kathimerini.com.cy/en/news/major-shipping-firms-redirect-routes-as-red-sea-attacks-intensify

In a significant move with potential global repercussions, major shipping companies, including MSC, Maersk, and Hapag-Lloyd, opt to steer clear of the Red Sea route....

14. Chinese elite move billions abroad in economic shift

https://knews.kathimerini.com.cy/en/news/chinese-elite-move-billions-abroad-in-economic-shift

In a remarkable shift this year, affluent Chinese have moved hundreds of billions of dollars out of the country, capitalizing on the end of COVID precautions that had tightly sealed China's borders for nearly three years....

15. Is the digital Euro the ECB's game-changer or a banks' ally?

https://knews.kathimerini.com.cy/en/business/is-the-digital-euro-the-ecb-s-game-changer-or-a-banks-ally

The digital euro would not be a threat to the role of banks as financial intermediaries, Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) and ECB Governing Council member, has said, stressing that the digital euro will be issued and guaranteed by the ECB and not at the level of the member state....

16. Citizen pays 500 euros fine in coins at Limassol court

https://knews.kathimerini.com.cy/en/news/citizen-pays-500-euros-fine-in-coins-at-limassol-court

In an extraordinary turn of events at the Limassol Court on Tuesday morning, a routine fine payment took an unexpected and unconventional route, leaving court officials and onlookers in disbelief....

17. Lagarde's stance on cryptos revealed amidst family investment fallout

https://knews.kathimerini.com.cy/en/business/lagarde-s-stance-on-cryptos-revealed-amidst-family-investment-fallout

European Central Bank President Christine Lagarde disclosed that her son experienced significant losses while investing in cryptocurrency, as reported by Reuters on November 24. ...

18. Unlocking the future of fintech with ECOMMBX: Where money meets innovation

https://knews.kathimerini.com.cy/en/business/unlocking-the-future-of-fintech-with-ecommbx-where-money-meets-innovation

Are you ready to embark on a fintech adventure like no other? Welcome to ECOMMBX, where we’re not just another Electronic Money Institution but game-changers of the industry! Regulated by the Central Bank of Cyprus under license no. 115.1.3.20/2018, we consider ourselves pioneers of innovation in Electronic Money Services....

19. Will Czech Republic embrace the euro?

https://knews.kathimerini.com.cy/en/news/will-czech-republic-embrace-the-euro

Despite being part of the European Union for nearly two decades, the Czech Republic remains staunchly opposed to adopting the euro as its official currency. ...

20. Canadian soldiers in Cyprus await call for Lebanon evacuation

https://knews.kathimerini.com.cy/en/news/canadian-soldiers-in-cyprus-await-call-for-lebanon-evacuation

On a sunny Thursday in Cyprus, holidaymakers relaxed on beach chairs, while a small group of people in Canadian uniform sat inside a nearby hotel meeting room, staring into screens. ...

21. ECOMMBX: A Platform to rule them all

https://knews.kathimerini.com.cy/en/business/ecommbx-a-platform-to-rule-them-all

From Day One, ECOMMBX was determined to develop the most powerful electronic payments systems, capable of offering customers seamless cross-border transactions. ...

22. October Newsletter of K. Treppides & Co Ltd: CySEC - ΕΒΑ Guidelines on outsourcing

https://knews.kathimerini.com.cy/en/business/october-newsletter-of-k-treppides-co-ltd-cysec-eba-guidelines-on-outsourcing

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. A newsletter issue from Treppides is an essential tool for those who are engaged in the broader financial and business sector, as one can find through the pages all the important and current developments, as well as the latest news relating to financial, audit and assurance, tax as well as legal services....

23. Israeli-Hamas war puts Cyprus and Egypt at forefront of credit risks

https://knews.kathimerini.com.cy/en/news/israeli-hamas-war-puts-cyprus-and-egypt-at-forefront-of-credit-risks

Cyprus and Egypt are currently facing the most direct credit risks among countries rated by Scope Ratings due to the Israeli-Hamas conflict, warns the German firm....

24. Sepaga EMI named one of the top 20 great places to work in Europe

https://knews.kathimerini.com.cy/en/business/sepaga-emi-named-one-of-the-top-20-great-places-to-work-in-europe

Nicosia, Cyprus – 26/9/2023 – Sepaga EMI, a leading fully licensed and regulated Electronic Money Institution by the Central Bank of Cyprus (License No. 115.1.3.18/2018) since 2017 takes pride in providing its clients with exceptional financial solutions for managing their funds and global payments....

25. EY achieves record global revenue of nearly $50 billion

https://knews.kathimerini.com.cy/en/business/ey-achieves-record-global-revenue-of-nearly-$50-billion

EY reports record global revenue results of just under US$50b...

26. Money blues: Why's the economy going South?

https://knews.kathimerini.com.cy/en/news/cyprus-money-blues-why-s-the-economy-going-south

"Currency developments validate predictions made some time ago. The high interest rate environment will be a new reality accompanying us for several years," former Minister of Finance Constantinos Petrides stated in a post on the platform 'X'....

27. Russia implements bold rate hike amidst economic challenges

https://knews.kathimerini.com.cy/en/news/russia-implements-bold-rate-hike-amidst-economic-challenges

Russia's central bank took swift action today, increasing its key interest rate by 350 basis points from 8.5 percent to 12 percent. This urgent move aimed to counteract the recent decline of the ruble, which was triggered by the Kremlin's call for stricter monetary policy....

28. Russia's ruble drops to lowest level since 2022 conflict

https://knews.kathimerini.com.cy/en/news/russia-s-ruble-drops-to-lowest-level-since-2022-conflict

The Russian ruble slid past 100 against the dollar Monday, its lowest level since March 23, 2022 -- weeks after Moscow unleashed full-scale hostilities in Ukraine....

29. 20-year-old arrested for fake money

https://knews.kathimerini.com.cy/en/news/20-year-old-arrested-for-fake-money

Yesterday, the police made a third arrest in connection with an investigation into the illegal possession and circulation of counterfeit currency and obtaining goods through false representations....

30. EU Commission proposes digital euro as cash alternative

https://knews.kathimerini.com.cy/en/news/eu-commission-proposes-digital-euro-as-cash-alternative

Digital currencies have grown in popularity. Unlike bitcoin, the digital euro would be a central bank digital currency (CBDC), essentially, electronic cash. ...

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