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12° Nicosia,
19 June, 2024
 

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Displaying results 1-30 of 449 matches for query debt.

1. Cyprus eyes market return with ten-year bond

https://knews.kathimerini.com.cy/en/news/cyprus-eyes-market-return-with-ten-year-bond

Cyprus is gearing up to re-enter the financial markets in the near future to capitalize on the recent positive momentum bolstering its economy....

2. Banks blame high interest rates for decline of new loans

https://knews.kathimerini.com.cy/en/news/banks-blame-high-interest-rates-for-decline-of-new-loans

Loan demand continued to fall in the first quarter of 2024, with banks blaming high interest rates for the decline. ...

3. Agency reports strong start to 2024, continues paying off state debt

https://knews.kathimerini.com.cy/en/news/agency-reports-strong-start-to-2024-continues-paying-off-state-debt

KEDIPES, Cyprus' state-owned asset management agency, announced a €144 million cash inflow for the first quarter of 2024. The agency also made a €140 million repayment to the state, bringing the total repayment to €1.3 billion since it started in September 2018....

4. Cyprus faces market uncertainties as exit plans delayed again

https://knews.kathimerini.com.cy/en/business/cyprus-faces-market-uncertainties-as-exit-plans-delayed-again

According to report by Panayiotis Rougalas in today's Oikonomiki, Cyprus faces a challenging time as it navigates plans to exit the financial markets. ...

5. 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....

6. Cyprus inflation could offset ECB rate cut benefits

https://knews.kathimerini.com.cy/en/news/cyprus-inflation-could-offset-ecb-rate-cut-benefits

The European Central Bank (ECB) cut its three key interest rates by 25 basis points on Thursday, marking the first reduction after nearly two years of increases or stasis. ...

7. USA: WSJ op-ed claims Biden is losing competency

https://knews.kathimerini.com.cy/en/news/usa-wsj-op-ed-claims-biden-is-losing-competency

White House officials and President Biden's allies launched a vigorous defense against The Wall Street Journal on Wednesday after the outlet published a report suggesting the president is showing signs of cognitive decline in private meetings....

8. Police execute 173 warrants, collect €109,300

https://knews.kathimerini.com.cy/en/news/police-execute-173-warrants-collect-€109-300

In a recent operation led by the Warrant Execution Unit of the Nicosia Police Directorate on Tuesday, June 4th, 2024, a significant total of 173 fine warrants were executed, resulting in the collection of more than €109,300....

9. FTI bankruptcy adds to woes of Cyprus tourism sector

https://knews.kathimerini.com.cy/en/news/fti-bankruptcy-adds-to-woes-of-cyprus-tourism-sector

The recent bankruptcy of German tour operator FTI has sent ripples through the Cyprus tourism industry, highlighting both immediate concerns and long-term implications....

10. Unpaid debts from FTI Touristik bankruptcy threaten Cyprus hotels

https://knews.kathimerini.com.cy/en/business/unpaid-debts-from-fti-touristik-bankruptcy-threaten-cyprus-hotels

The European tourism market has been jolted by the bankruptcy of FTI Touristik, a major German travel organiser. ...

11. Government rejects FTI Group's bailout plea, leading to bankruptcy

https://knews.kathimerini.com.cy/en/news/government-rejects-fti-group-s-bailout-plea-leading-to-bankruptcy

FTI Group, Europe’s third-largest travel provider, declared bankruptcy today following unsuccessful negotiations with the federal government, impacting 11,000 employees and tens of thousands of travelers currently on holiday or with future bookings....

12. Government clears €564.2 million in outstanding debts

https://knews.kathimerini.com.cy/en/news/government-clears-€564-2-million-in-outstanding-debts

The General Accounting Office of the Republic announced that a significant sum of €564.2 million has been cleared by the government from November 2013 to April 2024. This extensive effort aims to address outstanding debts owed to various government departments and agencies....

13. Cyprus non-performing loans drop to lowest level in years

https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-non-performing-loans-drop-to-lowest-level-in-years

Total non-performing loans (NPLs) to banks have dropped below €2 billion, specifically to €1.9 billion. ...

14. Cyprus wins IMF praise for strong recovery

https://knews.kathimerini.com.cy/en/news/cyprus-wins-imf-praise-for-strong-recovery

The International Monetary Fund (IMF) has praised Cyprus for its robust economic recovery and fiscal discipline, recommending continued efforts......

15. ''Government'' moves to license casino at controversial airport

https://knews.kathimerini.com.cy/en/news/government-moves-to-license-casino-at-controversial-airport

The ''government'' in the Turkish-occupied northern part of Cyprus is reportedly moving forward with plans to grant a ''license to operate'' a casino within the controversial Tympou airport, according to the local newspaper Avroupa....

16. Cyprus owes the UK over £1.4M in London congestion charges

https://knews.kathimerini.com.cy/en/news/cyprus-owes-the-uk-over-£1-4m-in-london-congestion-charges

Transport for London (TfL), the authority managing the British capital’s transportation system, has published an updated list of foreign embassies that have refused to pay the Congestion Charge, a fee imposed since 2003 on vehicles entering the city center....

17. Cyprus among top 3 in Eurozone growth for 2024

https://knews.kathimerini.com.cy/en/news/cyprus-among-top-3-in-eurozone-growth-for-2024

Cyprus stands out as one of the top performers in the Eurozone, boasting a robust growth rate for the year 2024, as announced by government spokesperson Constantinos Letympiotis today....

18. Banking sector's pledge to environmental transition

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....

19. May Newsletter of K. Treppides & Co Ltd: Cyprus Securities and Exchange Commission European Securities and Markets Authority

https://knews.kathimerini.com.cy/en/business/may-newsletter-of-k-treppides-co-ltd-cyprus-securities-and-exchange-commission

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....

20. No jurors chosen yet in senator Menendez’s corruption trial

https://knews.kathimerini.com.cy/en/news/no-jurors-chosen-yet-in-senator-menendez-s-corruption-trial

Jury selection began in the corruption trial of U.S. Senator Robert Menendez on Monday, with a judge excusing dozens of prospective jurors in a case that could affect the Democrat's political future and the makeup of the U.S. Senate....

21. ECB maintains €6.76 billion worth of Cypriot government bonds

https://knews.kathimerini.com.cy/en/news/ecb-maintains-€6-76-billion-worth-of-cypriot-government-bonds

The value of Cypriot government bonds held by the European Central Bank remained steady at €6.76 billion by the end of April. This is part of the ECB's efforts to scale back its holdings and control inflation....

22. Cyprus navigates economic uncertainty with strong economic reserves

https://knews.kathimerini.com.cy/en/business/cyprus-navigates-economic-uncertainty-with-strong-economic-reserves

Cyprus is sitting pretty with a lot of cash in the bank, and it's good news for handling any economic bumps in the road. The government's stash of nearly €2.83 billion can cover a big chunk of its debts due in the next year....

23. Macron declares ''Europe is mortal,'' calls for unity

https://knews.kathimerini.com.cy/en/news/macron-declares-europe-is-mortal-calls-for-unity

The 27-country bloc needs to urgently rethink its defence and economic models to not fall behind its rivals, the French leader said. ...

24. New investment frontier opens for citizens

https://knews.kathimerini.com.cy/en/news/new-investment-frontier-opens-for-citizens

Citizens now have access to and can invest in bonds issued by the Republic of Cyprus. In a recent auction by the Public Debt Management Office......

25. Cyprus marks 50 years since Turkish invasion with monument

https://knews.kathimerini.com.cy/en/news/cyprus-marks-50-years-since-turkish-invasion-with-monument

President of the Republic of Cyprus, Nikos Christodoulides, unveiled Tuesday a 1974 Prisoners of War monument in the Square that was also renamed, in front of the Armenian cemetery just before the Ledra Pallas roadblock in Nicosia....

26. Cyprus ends 2023 with €918.7 million fiscal surplus

https://knews.kathimerini.com.cy/en/news/cyprus-ends-2023-with-€918-7-million-fiscal-surplus

Cyprus's financial report card for 2023 is in, and it's showing some positive signs. According to the Statistical Service of Cyprus, the country ended the year with a fiscal surplus of €918.7 million. That's like having extra money left over after paying all the bills....

27. Greek workers strike paralyzes transport services

https://knews.kathimerini.com.cy/en/business/greek-workers-strike-paralyzes-transport-services

In Greece, transport services came to a standstill on Wednesday as workers across various sectors participated in a 24-hour strike, demanding higher pay to offset the increasing cost of living...

28. Cyprus' public debt declines, economic outlook brightens

https://knews.kathimerini.com.cy/en/news/cyprus-public-debt-declines-economic-outlook-brightens

According to a report by Panayiotis Rougalas, Cyprus is seeing a promising reduction in its public debt, with figures suggesting a return to 2019 levels....

29. Police rake in €3.3 million in fines

https://knews.kathimerini.com.cy/en/news/police-rake-in-€3-3-million-in-fines

In a recent statement, the Police revealed that from the start of the year until now, they have executed a staggering 18,791 fine warrants across the country. ...

30. President Christodoulides hails financial progress with new CBC Governor

https://knews.kathimerini.com.cy/en/news/president-christodoulides-hails-financial-progress-with-new-cbc-governor

The appointment ceremony for the new governor of the Central Bank of Cyprus, Mr. Christodoulos Patsalides, occurred this morning at the Presidential Palace, with the President of the Republic, Mr. Nikos Christodoulides, in attendance....

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