https://knews.kathimerini.com.cy/en/news/spain-gave-golden-visa-to-former-mexican-president-being-investigated-for-corruption
The Spanish authorities have finally confirmed that the former Mexican President Enrique Peña Nieto, who is being investigated by Mexico’s attorney general’s office for alleged money laundering, illicit enrichment, and illegal international transfers, is a legal resident of the country....
https://knews.kathimerini.com.cy/en/business/profits-of-€55-4-million-in-first-half-of-2022-for-hellenic-bank
Hellenic Bank reported a profit of EUR 55.4 million for the first half of 2022, compared to a profit of EUR 21 million in the corresponding half of 2021....
https://knews.kathimerini.com.cy/en/news/ft-the-bank-of-cyprus-lone-star-deal-is-not-just-about-price
Cyprus has attracted a different sort of visitor recently. US buyout group Lone Star has taken an interest in Bank of Cyprus, the island nation’s largest lender....
https://knews.kathimerini.com.cy/en/news/resolution-of-dispute-with-israel-is-on-track
A note of optimism for a resolution of the Cyprus-Israel dispute over the Aphrodite deposit is being 'extracted' following contacts between the two sides at the level of energy ministers in Nicosia. ...
https://knews.kathimerini.com.cy/en/news/israeli-minister-visits-nicosia-as-energy-bargain-heats-up
Israeli Energy Minister Karine Elharrar is visiting Cyprus on Monday to talk gas directly with her Cypriot counterpart, after companies tasked by the two governments to negotiate a joint reservoir failed to agree on a buyout deal...
https://knews.kathimerini.com.cy/en/news/woman-forcibly-takes-savings-from-beirut-bank-using-toy-gun
A woman accompanied by activists and brandishing what she said was a toy pistol broke into a Beirut bank branch on Wednesday, taking $13,000 from her trapped savings....
https://knews.kathimerini.com.cy/en/business/ecb-hikes-up-interest-rates-75-basis-points-to-1-25
The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday and signalled further hikes, prioritising the fight against inflation even as the bloc's economy is heading for a likely winter recession....
https://knews.kathimerini.com.cy/en/business/melbourne-woman-accidentally-receives-$10-million-instead-of-$100-from-crypto-com
Cryptocurrency exchange Crypto.com mistakenly deposited $10.5 million directly into a woman’s bank account when the platform only intended to give her a $100 refund....
https://knews.kathimerini.com.cy/en/news/rumors-about-israel-lebanon-gas-pact-as-cyprus-sits-out
America’s energy czar is purported to be mediating a secret gas arrangement between Israel and Lebanon, a Herculean task given delineation complexities but not farfetched given ongoing efforts to resolve similar disputes between Tel Aviv and Nicosia...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-announces-€50m-net-profit-in-first-half-of-2022
Bank of Cyprus announced a profit after tax amounting to €50 million for the first half of 2022, setting its sights on dividend distribution in 2023, for the first time since 2011, depending on market conditions and regulatory approvals....
https://knews.kathimerini.com.cy/en/news/deposits-and-loans-decrease-in-july
In July 2022, total deposits reached €51.2 billion and total loans €28.6 billion, recording a net decrease, compared to June. This is what data on Monetary and Financial Institutions' deposits and loans show,...
https://knews.kathimerini.com.cy/en/news/cyprus-stoked-about-gas-discovery-s-eu-prospect
Nicosia says preliminary estimates of a new gas discovery in the country’s exclusive economic zone raise the prospect that big players could still include the island in their plans to supply the European Union with much needed natural gas...
https://knews.kathimerini.com.cy/en/news/2-5-tcf-deposit-discovered-by-eni-total-consortium-in-block-6
The ENI TOTAL consortium made an important discovery of natural gas in Block 6. According to an official announcement by the Italian company,...
https://knews.kathimerini.com.cy/en/news/russian-‘memorial-collage-in-limassol-still-vague
Reuters has picked up a story in Cyprus where a 'memorial collage' posted in public view in Limassol depicted nine Russian antiwar activists, with Cypriot police saying none of them wished to give a deposition except the person who filed the original complaint in late July...
https://knews.kathimerini.com.cy/en/news/cypriot-president-signs-controversial-foreclosure-law
A controversial foreclosure bill has been signed into law in the Republic of Cyprus over the objection of the country’s finance minister who accused lawmakers of populism...
https://knews.kathimerini.com.cy/en/news/49-year-old-man-extorted-out-of-over-40-000-euros
Police on Thursday urged members of the public to be vigilant with regard to their online transactions after a 49-year-old man reported he was scammed out of over €40,000 after receiving advice on social media from a person he did not know on how to invest in cryptocurrency....
https://knews.kathimerini.com.cy/en/news/deposit-interest-rates-remained-close-to-zero-levels-in-june
Deposit interest rates remained at close to zero levels in June with lending rates showing small variations, according to data released on Tuesday by the Central Bank of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/news/cypriot-minister-lashes-out-at-‘populist-lawmakers
Cypriot Finance Minister Constantinos Petrides lashed out at lawmakers on Tuesday warning against “dangerous and unrestrained populism” after members snubbed a presidential veto on three crucial pieces of legislation...
https://knews.kathimerini.com.cy/en/business/cbc-noticeable-decrease-in-household-and-business-debt
Business and household debt in Cyprus reached €56.2 billion in the first quarter of 2022, according to data from the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-police-probe-illegal-stem-cell-therapy
Cyprus Police raided a Long Covid clinic in Larnaca this week where it turned out that stem cells from donors in Ukraine were being used illegally in overpromised patients with chronic illnesses who flock to the island’s southern town for treatment...
https://knews.kathimerini.com.cy/en/news/foreign-tourist-goes-after-ayia-napa-police
A Chinese man living in London is seeking public support as he takes on the police in Ayia Napa, saying he was physically and verbally abused in a racially-motivated encounter during the pandemic and further alleging he was denied access to a lawyer...
https://knews.kathimerini.com.cy/en/news/ecb-raises-interest-rates-5-with-further-rate-hikes-on-the-horizon
The European Central Bank (ECB) increased interest rates by more than expected on Thursday, raising its benchmark deposit rate by 50 basis points to zero percent, impacting the Cyprus banking system and local borrowers....
https://knews.kathimerini.com.cy/en/business/foreclosures-suspended-until-the-end-of-october-2022
The Cyprus Parliament on Thursday passed a bill suspending foreclosures until the end of October,...
https://knews.kathimerini.com.cy/en/news/turkey-to-deploy-its-fourth-drillship-in-august
Turkey’s fourth drilling ship will start work in the first half of August and probably in the Mediterranean, according to Turkey’s Energy Minister Fatih Donmez....
https://knews.kathimerini.com.cy/en/business/a-total-of-€362-9-million-euros-in-new-loans-recorded-in-may
A total of €362.9 million euros in new loans were recorded in May, according to data released by the Central Bank of Cyprus on Tuesday. The increase in new loans is mainly due to both an increase in loans for over €1 million and loans for the purchase of homes....
https://knews.kathimerini.com.cy/en/news/herodotou-interest-rates-should-be-increased-gradually
The Governor of the Central Bank of Cyprus, Constantinos Herodotou, said he was in favor of the ECB gradually increasing key interest rates while keeping its options open, stressing that the European Central Bank should consider the impact of each increase and act accordingly....
https://knews.kathimerini.com.cy/en/business/credit-suisse-guilty-of-money-laundering
Credit Suisse has been found guilty and fined for involvement in money laundering related to a Bulgarian drugs ring....
https://knews.kathimerini.com.cy/en/news/russia-defaults-on-foreign-debt-for-the-first-time-since-1918
Russia has defaulted on its foreign debt for the first time in more than a century as the country can't pay creditors due to sanctions over the war in Ukraine, according to media reports.
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https://knews.kathimerini.com.cy/en/business/rcb-finalizes-sale-of-its-loan-portfolio-to-hellenic
RCB Bank Ltd announced that the sale of Tranche B of its performing loan portfolio to Hellenic Bank Public Company Ltd has been successfully completed....
https://knews.kathimerini.com.cy/en/news/cyprus-plays-supporting-role-in-lng-arena
After years of trying to locate and extract natural gas from its EEZ, Cyprus' prospects continue to stagnate due to the current geopolitical conditions, the Cyprus issue, and the fact that the research, although promising, has not yet yielded the large quantities that were found in the EEZ of Egypt and Israel....
