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12° Nicosia,
28 September, 2023
 

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Displaying results 1-30 of 352 matches for query debt.

1. 2024 budget points to surplus and debt reduction

https://knews.kathimerini.com.cy/en/news/2024-budget-points-to-surplus-and-debt-reduction

The 2024 budget reflects the clear imprint of our policy priorities, President of the Republic Nikos Christodoulides says in a written statement, adding that the fiscal balance for 2024 is estimated to be surplus, reaching 2.2% of GDP, while the medium-term goal, by 2026, is to reduce public debt to 60%....

2. Trump ''freaks out'' in response to fraud ruling

https://knews.kathimerini.com.cy/en/news/trump-freaks-out-in-response-to-fraud-ruling

Soon after New York Judge Arthur Engoron found Donald Trump and his adult sons liable for fraud and canceled the Trump Organization’s business certification on Tuesday, the disgraced former president freaked out about it in a lengthy all-caps rant on Truth Social that he appeared to have originally written yesterday....

3. SYPRODAT and Government join forces to end non-performing loans

https://knews.kathimerini.com.cy/en/news/syprodat-and-government-join-forces-to-end-non-performing-loans

Finance Minister Makis Keravnos expressed satisfaction with the progress made in divestments and the reduction of non-performing loans (NPLs) during a meeting at the Ministry of Finance with SYPRODAT President Costas Melas and Association Director Jenny Papacharalambous....

4. A closer look at the Greek-Turkish dynamic

https://knews.kathimerini.com.cy/en/comment/opinion/a-closer-look-at-the-greek-turkish-dynamic

The public discourse is inundated with discussions for and against the evolving Greek-Turkish rapprochement. Strangely, there are few references to the Cyprus issue, which has continuously occupied Greek foreign policy since the 1950s....

5. 135% debt reduction sparks hope for economy

https://knews.kathimerini.com.cy/en/news/135-debt-reduction-sparks-hope-for-economy

According to the latest data from the Central Bank of Cyprus, the private debt-to-GDP ratio has shown a significant decrease from its peak at the end of the first quarter in 2015 to the end of March 2023. ...

6. Former Finance Minister continues to question EuroAsia project

https://knews.kathimerini.com.cy/en/news/former-finance-minister-continues-to-question-euroasia-project

Former Finance Minister Constantinos Petrides has returned to the issue of the Eurasia Interconnector, expressing concerns and raising important questions. In a post on the "X" platform, he highlighted the need for transparency and clarity surrounding this significant and costly project....

7. Trump ran ''Ponzi Scheme of Lies'' says Duncan

https://knews.kathimerini.com.cy/en/news/trump-ran-ponzi-scheme-of-lies-says-duncan

Donald Trump has “the moral compass of an axe murderer”, a Republican opponent in Georgia said, discussing the former president’s legal predicament in the southern US state and elsewhere but also his continuing dominance of the presidential primary....

8. China's $10 trillion hidden debt

https://knews.kathimerini.com.cy/en/news/china-s-$10-trillion-hidden-debt

For some time now, markets have been buffeted almost on a daily basis by gloomy economic news filtering out of China....

9. Cyprus faces deceleration amid inflation and rising rates

https://knews.kathimerini.com.cy/en/news/cyprus-faces-deceleration-amid-inflation-and-rising-rates

Cyprus' economy experienced a slowdown in the second quarter of 2023, prompting inquiries about the situation. According to the preliminary estimate provided by the Statistical Service, ...

10. GDP alert: Economic storm brewing?

https://knews.kathimerini.com.cy/en/news/gdp-alert-economic-storm-brewing

Former Minister of Finance, Konstantinos Petrides, comments on the GDP results for the 2nd quarter with five observations....

11. Record surge in loan renegotiations amidst rising interest rates

https://knews.kathimerini.com.cy/en/news/record-surge-in-loan-renegotiations-amidst-rising-interest-rates

Loan renegotiation in the Cyprus banking system spiked to record levels in the first half of 2023, driven mainly by the repeated interest rate hikes by the European Central Bank (ECB) in its effort to tackle soaring inflation....

12. Eurobank Cyprus reports soaring profits amid rising interest rates

https://knews.kathimerini.com.cy/en/business/eurobank-cyprus-reports-soaring-profits-amid-rising-interest-rates

Eurobank Cyprus posted soaring profitability after tax for the first half of 2023 with net profits approaching the profitability of full year 2022, due to rising interest rates and the high remuneration of its liquidity held at the ECB....

13. Should you sell your family business?

https://knews.kathimerini.com.cy/en/business/should-you-sell-your-family-business

A common response from family business owners when asked the above question is, "Let them make an offer, and we'll see."...

14. Primetel assures unchanged services amidst administration

https://knews.kathimerini.com.cy/en/business/primetel-assures-unchanged-services-amidst-administration

Primetel continues to own the rights to Omonia Nicosia and AEK Athens, as before, Primetel manager Marios Kallias clarified while speaking to K. As he said, nothing changes, not only for TV rights but for all issues and all services that the company provides....

15. Global economy faces $590 trillion storm

https://knews.kathimerini.com.cy/en/news/global-economy-faces-$590-trillion-storm

A $590 trillion storm threatens the global economy as rising interest rates make more corporate debts problematic. ...

16. NPL crisis highlights tug of war between borrowers and legislation

https://knews.kathimerini.com.cy/en/business/npl-crisis-highlights-tug-of-war-between-borrowers-and-legislation

The concealment, or "camouflage," of non-performing loans (NPLs) in commercial banks before 2013 and their subsequent explosion have been, and may continue to be, the most significant challenge for the Cypriot economy. ...

17. Petrides tweets expose EuroAsia Interconnector's risks

https://knews.kathimerini.com.cy/en/news/petrides-tweets-expose-euroasia-interconnector-s-risks

A series of points accompanied by questions were posted on Twitter by former Minister of Finance, Constantinos Petrides, commenting on the developments regarding the evaluation of the sustainability of the EuroAsia Interconnector project, the electric interconnection project between Cyprus, Greece, and Israel. ...

18. Applications open for 'Rent in Exchange' program

https://knews.kathimerini.com.cy/en/news/applications-open-for-rent-in-exchange-program

"The submission of applications for the 'Rent in Exchange for Installment' program will begin in October," said Ioanna Markidou, Chief Economist A' at the Ministry of Finance, in a statement to CNA....

19. Proposed foreclosure reforms spark debate in Cyprus

https://knews.kathimerini.com.cy/en/news/proposed-foreclosure-reforms-spark-debate-in-cyprus

Three proposals will be discussed at the last Plenary Session of the House of Representatives before the summer recess, along with three scenarios regarding the outcome of the foreclosure framework....

20. Cypriot economy on the brink, says Finance Minister

https://knews.kathimerini.com.cy/en/news/cypriot-economy-on-the-brink-says-finance-minister

During his address to the House of Representatives and following his presentation to the Parliamentary Finance Committee on the government's comprehensive package of seven measures for addressing foreclosure issues, ...

21. Contentious foreclosure legislation sparks debate in Parliament

https://knews.kathimerini.com.cy/en/news/contentious-foreclosure-legislation-sparks-debate-in-parliament

The issue of foreclosures remains unresolved and will be the focal point of the upcoming plenary session on Thursday, July 13. ...

22. Eurobank's vision: Controlling Hellenic Bank and conquering new markets

https://knews.kathimerini.com.cy/en/business/eurobank-s-vision-controlling-hellenic-bank-and-conquering-new-markets

According to Bloomberg, Eurobank's deputy chief executive, managing director, and head of international operations, Stavros Ioannou, expressed the bank's desire to eventually gain full control of Hellenic Bank in Cyprus....

23. Parliament approves foreclosure law

https://knews.kathimerini.com.cy/en/news/parliament-approves-foreclosure-law

A significant mobilization by the Government and the Central Bank of Cyprus took place this week regarding the framework of foreclosures, primarily to withdraw the "problematic" proposal that, according to the state and banks, would have negative consequences for the Cypriot economy....

24. The government's seven proposals for vulnerable individuals

https://knews.kathimerini.com.cy/en/news/the-government-s-seven-proposals-for-vulnerable-individuals

Finance Minister Makis Keravnos submitted seven government actions aimed at addressing issues related to non-performing loans to Parliament yesterday....

25. President urges solution as foreclosure laws vote approaches

https://knews.kathimerini.com.cy/en/news/president-urges-solution-as-foreclosure-laws-vote-approaches

Cyprus is heading towards suspending first residence property foreclosures up to 350,000 euros until the end of October....

26. Mossad kidnapping inside Iran tied to Cyprus

https://knews.kathimerini.com.cy/en/news/mossad-kidnapping-inside-iran-tied-to-cyprus

Bizarre revelations emerged on Thursday in an alleged thwarted attack on Israeli targets in Cyprus, after Mossad revealed that agents had gone inside Iran and kidnapped a man who later confessed on video his plans to kill an Israeli businessman on the island...

27. Cyprus unveils culinary brilliance at Gastronomos Awards

https://knews.kathimerini.com.cy/en/news/cyprus-unveils-culinary-brilliance-at-gastronomos-awards

The anticipation reached a fever pitch as Cyprus braced itself for the grand culmination of the year-long journey celebrating its prodigious producers....

28. Conservatives storm to victory in repeat Greek election

https://knews.kathimerini.com.cy/en/news/conservatives-storm-to-victory-in-repeat-greek-election

Greece's conservative New Democracy party stormed to victory in a parliamentary election on Sunday with voters giving reformist Kyriakos Mitsotakis another four-year term as prime minister...

29. Hellenic Bank rakes in €69.7 million in profits during Q1 of 2023

https://knews.kathimerini.com.cy/en/business/hellenic-bank-rakes-in-€69-7-million-in-profits-during-q1-of-2023

Hellenic Bank has reported a profit of €69.7 million for the first quarter of 2023, signaling a strong start to the year. ...

30. Total loans increase by €71 million, reaching €24.4 billion

https://knews.kathimerini.com.cy/en/news/total-loans-increase-by-€71-million-reaching-€24-4-billion

Non-performing loans decreased by €105 million end of March 2023, compared to the end of December 2022, reaching €2.2 billion, according to data published by the Central Bank of Cyprus on Tuesday. ...

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