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....
https://knews.kathimerini.com.cy/en/news/european-data-shows-low-interest-payouts-by-cypriot-banks
Cypriot banks rank second to last among European banks in terms of paying interest on total household deposits, according to data released on Wednesday by the European Banking Authority (EBA), as part of its annual risk assessment of the European banking system....
https://knews.kathimerini.com.cy/en/news/chinese-elite-move-billions-abroad-in-economic-shift
In a remarkable shift this year, affluent Chinese have moved hundreds of billions of dollars out of the country, capitalizing on the end of COVID precautions that had tightly sealed China's borders for nearly three years....
https://knews.kathimerini.com.cy/en/news/how-cyprus-and-chevron-found-common-ground
The resolution of the dispute between the Republic of Cyprus and Chevron Cyprus Limited, the operator of the Aphrodite field, appears largely satisfactory to both parties....
https://knews.kathimerini.com.cy/en/business/crisis-averted-as-cyprus-and-chevron-reach-compromise
The resolution of the dispute between the Republic of Cyprus and Chevron Cyprus Limited, the manager of the Aphrodite field, can be seen as a compromise satisfying both parties. ...
https://knews.kathimerini.com.cy/en/business/is-the-digital-euro-the-ecb-s-game-changer-or-a-banks-ally
The digital euro would not be a threat to the role of banks as financial intermediaries, Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) and ECB Governing Council member, has said, stressing that the digital euro will be issued and guaranteed by the ECB and not at the level of the member state....
https://knews.kathimerini.com.cy/en/news/mortgage-rates-soar-to-4-91-deposits-decline-in-october-2023
Mortgage interest rates in Cyprus climbed to 4.91% in October 2023, according to data released by the Central Bank of Cyprus in its November 2023 edition of Monetary and Financial Statistics....
