https://knews.kathimerini.com.cy/en/news/turkey-s-central-bank-reports-2023-loss-of-818-2b-lira
Turkey’s central bank posted a 2023 loss of 818.2 billion lira ($25.25 billion), showed its balance sheet published in the Official Gazette on Sunday, on the back of steep loss stemming from the “KKM” foreign exchange-protected deposit scheme....
https://knews.kathimerini.com.cy/en/comment/opinion/scandals-and-sanctimony-in-cyprus
In recent years, we've seen it all. From COVID to the Ukraine conflict and the dramatic events unfolding next door in Gaza. Yet, nothing has rocked the average Cypriot quite like the scandal of the Avvakoum Monastery. ...
https://knews.kathimerini.com.cy/en/news/finance-ministry-urges-applicants-for-2013-haircut-compensation
The Cyprus Finance Ministry is calling on all individuals and entities affected by the 2013 Cyprus bailout to submit their electronic applications for participation in the "Replenishment Scheme of the National Solidarity Fund."...
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....
https://knews.kathimerini.com.cy/en/news/cyprus-records-€575-5-million-in-new-loans
Cyprus recorded a significant increase in total new loans in February, reaching €575.5 million, up from €462.7 million in the previous month. This surge was primarily driven by a notable rise in loans granted to companies, totalling approximately €130 million, according to data released by the Central Bank of Cyprus (CBC).
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https://knews.kathimerini.com.cy/en/comment/opinion/fortifying-digital-banks-and-battling-cyber-threats
The period we are going through raises serious concerns about the security of critical digital infrastructures. Among these, the most significant are those of banks, and in this direction...
https://knews.kathimerini.com.cy/en/news/cyprus-overcomes-gas-field-hurdles-eyes-eni-ceo-visit
Energy Minister Giorgos Papanastasiou announced Wednesday that hurdles in the development plan for the ''Aphrodite'' gas field have been overcome, marking progress in Cyprus' energy ambitions....
https://knews.kathimerini.com.cy/en/news/banks-february-deposits-rise-by-€65-4-million
Total deposits in February recorded a significant net increase by €65.4 million following a decrease of €366.0 million in the previous month......
https://knews.kathimerini.com.cy/en/business/limassol-gallery-faces-alleged-money-laundering-probe
The case file regarding alleged money laundering at a Limassol gallery was transferred to the Legal Service today, with two suspects released pending further investigations....
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....
https://knews.kathimerini.com.cy/en/news/eurobank-cyprus-reports-€199-4m-profits-in-2023
Eurobank Cyprus unveiled its financial results for 2023, boasting a profit of €199.4 million, marking a significant increase of €105.1 million or 111% compared to 2022.
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https://knews.kathimerini.com.cy/en/news/ecb-considers-rate-cut-despite-falling-inflation
The European Central Bank is set to keep interest rates at record highs on Thursday and take baby steps towards cutting them in the coming months as inflation continues to fall despite stubbornly high underlying price pressures....
https://knews.kathimerini.com.cy/en/news/deposit-rates-down-mortgage-rates-up
Deposit interest rates dropped in January, whereas lending rates rose except interest rates for consumer lending, according to data published by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/news/us-senators-allow-f-16-sale-to-turkey-despite-concerns
US senators declined on Thursday to block the sale of F-16s to Turkey, despite voicing deep disdain for Turkey’s conduct as an ally. They were upholding an unofficial bargain that Turks would get the fighter jets if they stopped blocking Sweden’s accession to NATO....
https://knews.kathimerini.com.cy/en/news/ft-judge-denies-trump-s-request-to-delay-$450m-payment
A New York judge has rejected Donald Trump's request to temporarily halt the state's attorney-general from collecting a $450 million judgment while he appeals a civil fraud ruling....
https://knews.kathimerini.com.cy/en/news/cypriots-saving-less-as-loan-numbers-fluctuate
In January 2024, the total deposits in Cyprus reached €51.9 billion, experiencing a net decrease of €366.0 million compared to the previous month....
https://knews.kathimerini.com.cy/en/news/us-lander-lands-on-moon-giant-leap-for-humanity
In a groundbreaking achievement, the Odysseus lander, owned by Intuitive Machines, successfully landed on the moon's surface, marking the first privately owned craft to accomplish this feat....
https://knews.kathimerini.com.cy/en/business/hellenic-bank-posts-impressive-2023-profit-of-€365-4-million
Hellenic Bank reported a substantial profit of €365.4 million for the year 2023, marking a significant upswing from €21.8 million in 2022. The Return on Tangible Equity (ROTE) for 2023 soared to 28.7%, a stark contrast to the 2.0% recorded in 2022....
https://knews.kathimerini.com.cy/en/news/turkish-cypriot-lawyer-released-on-bail-pending-trial
Akan Kürşat, a Turkish Cypriot lawyer extradited by Italian authorities on charges of usurping Greek Cypriot property in the occupied territories, has been released on conditions pending his case hearing on February 29 at 10:30 am....
https://knews.kathimerini.com.cy/en/news/nicosia-senior-swindled-of-€480-000-in-cryptocurrency-scam
In a disturbing turn of events, a 73-year-old resident of Nicosia has fallen prey to a sophisticated internet fraud scheme, resulting in a substantial loss of over €480,000 in a cryptocurrency scam....
https://knews.kathimerini.com.cy/en/business/3-february-newsletter-of-k-treppides-co-ltd-cysec
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....
https://knews.kathimerini.com.cy/en/news/curbing-food-waste-for-a-greener-tomorrow
Food waste poses a pressing issue requiring attention, contributing to uncontrolled food production and straining natural resources. Humans, as the predominant species on the planet, occupy a significant portion of land for food production....
https://knews.kathimerini.com.cy/en/news/interest-rates-extended-borrowers-face-dilemma
Last Thursday, the European Central Bank (ECB) opted to maintain interest rates, extending the uncertainty for borrowers regarding their loans and repayments....
https://knews.kathimerini.com.cy/en/news/eni-unearths-natural-gas-treasure-in-cyprus
ENI’s drilling in ''Cronos-2'' target in Cyprus’ exclusive economic zone (EEZ) block 6 seems to have discovered a natural gas reservoir with sources telling CNA that gas flaring was carried out yesterday....
https://knews.kathimerini.com.cy/en/news/politico-newly-unsealed-epstein-documents-offer-few-insights-into-high-profile-associates
Newly unsealed court papers related to Jeffrey Epstein include the names of a handful of famous men whose associations with the late sex offender were previously known, but the documents provide few new disclosures about the nature of their relationships....
https://knews.kathimerini.com.cy/en/news/wolfgang-schauble-former-german-finance-minister-dies-at-81
Wolfgang Schäuble, the influential former German Finance Minister and speaker of the Bundestag, passed away at 81, leaving a profound mark on European financial affairs....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-housing-crisis-deepens-amid-interest-rate-scandal
With current interest rates, the prospect of repaying a mortgage spans nearly fifty years for an average family, turning homeownership into an elusive dream....
https://knews.kathimerini.com.cy/en/news/2024-court-documents-to-expose-epstein-s-associates-and-victims
In a significant development tied to the legal aftermath of the Jeffrey Epstein case, court documents containing the names of over 170 high-profile associates and victims are slated to be unsealed at the commencement of 2024....
https://knews.kathimerini.com.cy/en/news/ag-appeals-ruling-holding-state-liable-for-2013-laiki-bank-haircut
The Attorney General of the Republic of Cyprus has filed an appeal challenging a decision by the Limassol District Court dated November 8, 2023....
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....
