https://knews.kathimerini.com.cy/en/news/ecb-tells-cyprus-lawmakers-to-get-it-right
Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...
https://knews.kathimerini.com.cy/en/news/family-businesses-in-europe-fared-better-in-response-to-covid-19
For businesses of all types, the first impact on the pandemic was felt on revenues. 64% of European family businesses reported initial revenue losses compared to 69% of family businesses globally, 25% managed to maintain their revenue levels, and 11% experienced increases...
https://knews.kathimerini.com.cy/en/news/bankrupt-cyprus-mines-saga-continues
Insurers who could be left footing the bill for personal injury litigation against former talc miner Cyprus Mines Corporation are challenging the company's proposed candidate to represent future tort claimants...
https://knews.kathimerini.com.cy/en/comment/opinion/property-valuations-and-uncertainty-clauses
Property appraisers in this country have had to deal with unprecedented events in the last seven to eight years that forced them to make use of the so-called 'uncertainty clauses' in their real estate estimates...
https://knews.kathimerini.com.cy/en/news/cyprus-to-reduce-debt-once-pandemic-normalises-finmin-says
Cyprus Minister of Finance Constantinos Petrides told the Cyprus News Agency that the government will begin reducing public debt, increased due to strategic cash reserves, once the pandemic begins to normalise....
https://knews.kathimerini.com.cy/en/news/us-against-two-state-deal-on-cyprus-heather-a-conley-tells-kathimerini
Heather A. Conley is no stranger to Greece as she has made a point of visiting the country every year and also participated in the 2019 Delphi Forum – the last that actually took place in Delphi. A Washington veteran, she is senior vice president for Europe, Eurasia and the Arctic and director of the Europe, Russia and Eurasia Program at the Center for Strategic and International Studies (CSIS)....
https://knews.kathimerini.com.cy/en/news/policy-priorities-unaffected-by-pandemic-finmin-says
Despite the crisis of the Covid-19 pandemic Cyprus’ economic policies remain the same, targeting macroeconomic and financial stability, prudent fiscal policies, and establishing a competitive, business-friendly regulatory environment of high standards, Minister of Finance Constantinos Petrides said on Thursday....
https://knews.kathimerini.com.cy/en/news/cyprus-launches-online-social-insurance-payment-system
Cyprus’ new online system for the payment of social insurance contributions was presented on Thursday by Labour Minister Zeta Emilianidou and Deputy Minister for Research, Innovation and Digital Policy Kyriakos Kokkinos....
https://knews.kathimerini.com.cy/en/business/industrial-logistics-most-attractive-post-covid-19
Following the breakout of the COVID-19 pandemic, the Industrial/Logistics asset class has presently become the most attractive financing option for a majority of banks in Central & Eastern Europe, according to the results from the latest edition of KPMG’s Property Lending Barometer...
https://knews.kathimerini.com.cy/en/news/state-budget-battles-rage-on-in-cyprus
Ruling party DYSI has been mounting a campaign over the last 24 hours to secure votes to pass the state budget, which is up in the air over golden passport probe wars, with added pressure also causing rifts even within smaller parties...
https://knews.kathimerini.com.cy/en/news/cyprus-experiencing-excessive-macroeconomic-imbalances
The European Commission said Wednesday that Cyprus continues to face excessive macroeconomic imbalances, particularly in view of the country’s very high percentage of non-performing loans that continue to plague the financial sector, but also in light of high private sector, government, and external debt....
https://knews.kathimerini.com.cy/en/comment/opinion/obama-offers-piece-of-the-puzzle-in-greek-debt-crisis
Apart from providing key insights into a special (in many respects) presidency, Barack Obama’s memoir contains some very interesting references to the Greek debt crisis and the way in which the major European powers chose to deal with the situation....
https://knews.kathimerini.com.cy/en/news/anti-maskers-wreak-havoc-in-limassol
A demonstration against coronavirus measures, corruption, and 5G technology turned ugly on Wednesday in Limassol, after some protesters became aggressive and started throwing rocks at police officers...
https://knews.kathimerini.com.cy/en/news/fresh-total-lockdown-out-of-the-question-for-cyprus-govt
Finance minister Constantinos Petrides on Monday strongly refuted the possibility of Cyprus entering a second lockdown, such as the one it was plummeted into in March as a result of the outbreak of coronavirus....
https://knews.kathimerini.com.cy/en/news/cyprus-prisons-stoked-about-netflix-series
Nicosia Central Prisons could be featured on NETFLIX series 'Inside the World’s Toughest Prisons' if a deal goes through, with local authorities hoping to showcase an alternative penitentiary model...
https://knews.kathimerini.com.cy/en/news/banks-must-prepare-for-a-new-cycle-of-npls-due-to-covid-19
Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) told Cyprus commercial banks to prepare to face a new cycle of non-performing loans in 2021 due to the coronavirus pandemic....
https://knews.kathimerini.com.cy/en/news/nigerian-students-say-north-is-safe
Following danger warnings and criticism against Turkish Cypriot colleges, Nigerian student representatives in the north have refuted reports of mysterious and unsolved killings of fellow countrymen on the island...
https://knews.kathimerini.com.cy/en/news/apollo-ceo-investigated-over-epstein-ties
The CEO of Apollo Global Management, whose affiliates acquired billions of bad debt in Cyprus, is being investigated over alleged financial ties to Jeffrey Epstein...
https://knews.kathimerini.com.cy/en/news/cyprus-and-russia-come-to-terms
It will no longer be possible for wealthy Russians to distribute profit via dividends to foreign firms in Cyprus, after Nicosia said it agreed with Moscow on terms to amend a double tax treaty, but some say the island still kept some competitive advantages...
https://knews.kathimerini.com.cy/en/news/cyprus-police-question-russian-businessman-linked-with-beirut-deadly-cargo
Cyprus police said Thursday that they located and brought in for questioning the Limassol-based Russian who has been identified as the former owner of the company that managed the vessel from which the 2,700 tonnes of ammonium nitrate that caused Beirut’s deadly blast late on Tuesday were unloaded....
https://knews.kathimerini.com.cy/en/news/cyprus-to-draw-over-€2-7b-from-eu-pandemic-recovery-fund
European Union leaders reached a deal on a massive stimulus plan for their coronavirus-blighted economies at a pre-dawn meeting on Tuesday after a fractious summit that went through the night and into its fifth day....
https://knews.kathimerini.com.cy/en/news/greece-reopens-regional-airports-says-covid-19-risk-calculated
Greece reopened its regional airports to international flights on Wednesday, pinning its hopes on a recovery in tourism after a three-month lockdown....
https://knews.kathimerini.com.cy/en/news/kisa-weighs-in-on-downtown-clashes
An NGO director in Cyprus is challenging the notion that foreign rival gangs have desolated the historic centre of the capital, saying bad practices by some local employment agencies are often behind many disputes including a fatal incident last Sunday...
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/news/cyprus-the-highest-climber-in-imd-2020-world-competitiveness-ranking
Cyprus was the highest climber in the 2020 IMD World Competitiveness Rankings, marking an improvement in all four categories that make up the overall ranking....
https://knews.kathimerini.com.cy/en/news/greece-will-be-better-prepared-for-second-wave-of-covid-19-pm-says
Greece will be better prepared if the coronavirus pandemic resurfaces in fall, Prime Minister Kyriakos Mitsotakis said on a television interview on Sunday night....
https://knews.kathimerini.com.cy/en/news/cyprus-public-debt-spikes-to-€24-5-billion-due-to-covid-19-crisis
Cyprus General Government debt spiked to €24.56 billion according to official data in April, reflecting the large debt issuances by the Finance Ministry to mitigate the impact of the coronavirus outbreak to the economy....
https://knews.kathimerini.com.cy/en/news/repair-and-prepare-eu-unveils-€750-bln-plan-for-coronavirus-recovery
The European Commission unveiled on Wednesday a plan to borrow on the market and then disburse to EU countries 750 billion euros in grants and loans to help them recover from their coronavirus slump, giving an immediate boost to the euro....
https://knews.kathimerini.com.cy/en/news/house-passes-bills-mitigating-pandemic-repercussions
The House on Friday approved a wide array of bills, passing into law a wide array of bills seeking to keep Cyprus afloat as it is making its way through the first wave of the coronavirus pandemic....
https://knews.kathimerini.com.cy/en/news/president-lets-man-who-broke-curfew-walk-free
President Nicos Anastasiades has issued a reprieve for a man sentenced to 45 days in prison for violating curfew, following outrage by legal experts who said the punishment did not fit the crime...
