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12° Nicosia,
29 March, 2024
 

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Displaying results 1-30 of 416 matches for query debt.

1. Business loans drop, home loans steady

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....

2. Cyprus economy holds steady amid challenges

https://knews.kathimerini.com.cy/en/news/cyprus-economy-holds-steady-amid-challenges

Canadian credit rating agency DBRS Ratings GmbH (Morningstar DBRS) has affirmed the Republic of Cyprus's long-term ratings, maintaining it at BBB (high) with a stable economic outlook. ...

3. Europe's ambitious plan to reignite economic engines

https://knews.kathimerini.com.cy/en/news/europe-s-ambitious-plan-to-reignite-economic-engines

As Europe endeavours to uphold its competitiveness amidst economic rivals, its politicians believe they hold a concealed asset: the savings of its citizens, which remain unused and dormant....

4. From White House to white robes, Trump sells Bibles

https://knews.kathimerini.com.cy/en/news/from-white-house-to-white-robes-trump-sells-bibles

Former President Donald Trump, in a bid to rally his supporters and address mounting legal expenses, has ventured into selling Bibles....

5. Cyprus' economic resilience earns high credit rating confirmation

https://knews.kathimerini.com.cy/en/news/cyprus-economic-resilience-earns-high-credit-rating-confirmation

International rating agency Morningstar DBRS has confirmed Cyprus’ BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks. ...

6. European Commission flags trade risks for Cyprus economy

https://knews.kathimerini.com.cy/en/news/european-commission-flags-trade-risks-for-cyprus-economy

The Cypriot economy is on a sound footing due to solid economic growth and declining inflation, but its high integration with EU and non-EU economies make geopolitical and trade tensions......

7. Cyprus embraces global investment with its bond market debut

https://knews.kathimerini.com.cy/en/business/cyprus-embraces-global-investment-with-its-bond-market-debut

In April 2024, the Republic of Cyprus is gearing up to enter the international bond markets, intending to issue a Euro Medium Term Note (EMTN) bond worth 1 billion euros....

8. What are they afraid of?

https://knews.kathimerini.com.cy/en/comment/opinion/what-are-they-afraid-of

Transparency is not merely a good thing; it is essential. However, with the exception of one, credit buyout companies seem unwilling to disclose their financial results, keeping them shrouded in secrecy....

9. Cyprus and EU allies forge €7.4B deal with Egypt to transform energy landscape

https://knews.kathimerini.com.cy/en/news/cyprus-and-eu-allies-forge-€7-4b-deal-with-egypt-to-transform-energy-landscape

European Union and Egyptian leaders joined forces on Sunday to sign a substantial €7.4 billion financial package aimed at bolstering Egypt's economy, enhancing energy trade with Europe, and addressing irregular migrant flows....

10. KEDIPES successfully sells €58.4M portfolio to reduce debt

https://knews.kathimerini.com.cy/en/business/kedipes-successfully-sells-€58-4m-portfolio-to-reduce-debt

The Cyprus Asset Management Company (KEDIPES) announced Thursday the successful completion of a sale of performing and restructured loan portfolios to Bank of Cyprus Public Company Limited, with a combined gross book value of €58.4 million as of December 31, 2022....

11. Government mulls UAE-led takeover of Daily Telegraph

https://knews.kathimerini.com.cy/en/news/government-mulls-uae-led-takeover-of-daily-telegraph

In a pivotal moment for British media, the government is deliberating the approval of a UAE-led takeover of the Daily Telegraph, eliciting widespread objections from politicians, journalists, ...

12. Police crackdown nets over €141K in extrajudicial fine collections

https://knews.kathimerini.com.cy/en/news/police-crackdown-nets-over-€141k-in-extrajudicial-fine-collections

In separate operations, the Paphos and Nicosia Police Departments successfully executed multiple outstanding fine warrants, collecting significant sums....

13. Cyprus sees an 18.2% rise in crime cases in 2022

https://knews.kathimerini.com.cy/en/news/cyprus-sees-an-18-2-rise-in-crime-cases-in-2022

The number of true crime cases reported to the Police rose by 18.2% in Cyprus in 2022, with the Crime Index expressed in 100,000 inhabitants rising to 584 from 501 in 2021 and 482 the year before. ...

14. Phone ringing, debt ignored: Cyprus faces loan repayment hurdles

https://knews.kathimerini.com.cy/en/news/phone-ringing-debt-ignored-cyprus-faces-loan-repayment-hurdles

Despite efforts to reduce Non-Performing Loans (NPLs) in Cyprus, the lingering burden continues to weigh heavily on the country's economy and society....

15. Cyprus government achieves significant debt reduction in 2023

https://knews.kathimerini.com.cy/en/news/cyprus-government-achieves-significant-debt-reduction-in-2023

The Cyprus government reported that the island nation ended 2023 with a debt of €22.4 billion, constituting around 99% of the Republic of Cyprus' total debt. This marks a notable reduction of €689 million or 3% from the corresponding period in the previous year....

16. EU unveils stricter fiscal rules for member states

https://knews.kathimerini.com.cy/en/news/eu-unveils-stricter-fiscal-rules-for-member-states

The European Commission has introduced new fiscal rules aimed at promoting growth and financial discipline among member states. The framework, ...

17. Cyprus development expenditure: 2023 surpasses €1B

https://knews.kathimerini.com.cy/en/news/cyprus-development-expenditure-2023-surpasses-€1b

The realization of state budget development expenditure in 2023 reached 72% compared to 70% in 2022 and the average of 69% over the last decade, according to a Treasury report released on Wednesday....

18. Parliament passes law to remove property restrictions in Occupied Areas

https://knews.kathimerini.com.cy/en/news/parliament-passes-law-to-remove-property-restrictions-in-occupied-areas

In a unanimous decision, the Plenary Session of the Greek Parliament passed a law abolishing the right of encumbrance of ''memorandum'' on properties held by banks and credit acquisition companies, located in the occupied territories. ...

19. Moody's sees positive shift in Cyprus economy

https://knews.kathimerini.com.cy/en/business/moody-s-sees-positive-shift-in-cyprus-economy

In a webinar panel discussion hosted by the Cyprus Economic Society, Haiko Peters, Vice President and Senior Analyst at Moody's Sovereign Risk Group, emphasized sustained improvements in the Cypriot economy....

20. Cypriot farmers' protests send ripples across Europe

https://knews.kathimerini.com.cy/en/news/cypriot-farmers-protests-send-ripples-across-europe

The surge of farmers' fury has reverberated in a manner unprecedented for Brussels, the nerve center of European decision-making....

21. Foreclosure fate tied to 'Mortgage-to-Rent' scheme

https://knews.kathimerini.com.cy/en/news/foreclosure-fate-tied-to-mortgage-to-rent-scheme

Cyprus' parliament has given the green light to a groundbreaking law aimed at empowering homeowners and offering relief in the face of mortgage challenges....

22. Transport for London accused of exploiting EU drivers for fines

https://knews.kathimerini.com.cy/en/news/transport-for-london-accused-of-exploiting-eu-drivers-for-fines

European governments allege one of the largest data breaches in EU history as Transport for London (TfL) accused of illegally obtaining personal data for fines....

23. Businesses fear global tax reform will lead to double taxation

https://knews.kathimerini.com.cy/en/business/businesses-fear-global-tax-reform-will-lead-to-double-taxation

Global tax reform, ineffective use of technology and economic uncertainty are putting significant strain on business’ transfer pricing (TP) capabilities, according to the 2024 EY International Tax and Transfer Pricing Survey....

24. Dr. Anastasatos forecasts bright future for Cyprus economy

https://knews.kathimerini.com.cy/en/news/dr-anastasatos-forecasts-bright-future-for-cyprus-economy-in-candid-interview

Eurobank group's chief economist, Dr Tasos Anastasatos, expresses optimism about the Cyprus economy, emphasizing that the decision to expand the group's banking presence in Cyprus is linked to these positive economic prospects....

25. Cyprus unveils new e-consultation platform for public feedback

https://knews.kathimerini.com.cy/en/news/cyprus-unveils-new-e-consultation-platform-for-public-feedback

The Council of Ministers approved Thursday the establishment of a public consultation platform, known as e-consultation, Minister of Finance Makis Keravnos said after the Cabinet meeting....

26. Cyprus grapples with lingering private debt woes

https://knews.kathimerini.com.cy/en/business/cyprus-grapples-with-lingering-private-debt-woes

In Cyprus, the European Commission consistently highlights the significant economic challenge of private debt through regular post-program or post-memorandum reports....

27. ''Same-sex childbearing not allowed,'' says Archbishop George

https://knews.kathimerini.com.cy/en/news/same-sex-childbearing-not-allowed-says-archbishop-george

Archbishop George of Cyprus clarifies the content of his Christmas message, which sparked political reactions....

28. Navigating the festive frenzy

https://knews.kathimerini.com.cy/en/news/navigating-the-festive-frenzy

The government is grappling with significant challenges in managing and addressing the housing needs of its building stock....

29. Greece named Economist 'Country of the Year 2023'

https://knews.kathimerini.com.cy/en/news/greece-named-economist-country-of-the-year-2023

The Economist magazine has declared Greece the country of the year for 2023, with Prime Minister Kyriakos Mitsotakis, in a post, referring to the "recognition of the efforts of the Greek people."...

30. CBC warns of non-performing loan surge amid economic challenges

https://knews.kathimerini.com.cy/en/news/cbc-warns-of-non-performing-loan-surge-amid-economic-challenges

The Central Bank of Cyprus (CBC) issued a warning on Monday, cautioning about the potential influx of non-performing loans (NPLs) driven by high-interest rates and inflation, which are impacting households' disposable income and businesses' profitability....

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