https://knews.kathimerini.com.cy/en/news/vandals-target-cat-feeders-in-strovolos-park
In an unfortunate incident, unidentified individuals vandalized the feeders placed in the Strovolos Grammiko Park, designated to provide sustenance for the area's stray cats. The act of vandalism was made public when a picture surfaced, showing the broken device with its lock rendered non-functional....
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. ...
https://knews.kathimerini.com.cy/en/business/fitch
Fitch Ratings released a new report on Monday stating that the credit profiles of Greek and Cypriot banks have significantly improved over the past year due to de-risking and restructuring....
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....
https://knews.kathimerini.com.cy/en/news/cyprus-neighbor-to-add-another-lane-for-gas-export
Partners in the Israeli offshore gas project Leviathan said on Sunday they would invest $568 million to build a third pipeline that will allow increased natural gas production and exports...
https://knews.kathimerini.com.cy/en/news/interest-rate-increases-boost-cypriot-banks-2022-profits-to-€177-million
Bank of Cyprus and Hellenic Bank generated a combined profit of €164.7 Million in Q1 2023, Driven by interest rate increases....
https://knews.kathimerini.com.cy/en/news/ecb-raises-interest-rate-to-3-20-in-ongoing-tightening-campaign
The European Central Bank (ECB) has announced its decision to raise the interest rate to 3.20%, marking another step in its ongoing monetary policy tightening campaign. ...
https://knews.kathimerini.com.cy/en/business/astrobank-raises-deposit-interest-rates
New 18-month term deposit product at 1.50% annual interest irrespective of amount...
https://knews.kathimerini.com.cy/en/news/jpmorgan-chase-settles-$290m-lawsuit-with-epstein-victims
JPMorgan Chase (JPM) reached a tentative $290 million settlement with victims of Jeffrey Epstein, one of two lawsuits alleging the nation's largest bank ignored warnings about its longtime client and facilitated his alleged sex trafficking....
https://knews.kathimerini.com.cy/en/news/cyprus-banking-sector-maintains-stable-solvency-ratio
The overall solvency ratio of the Cyprus banking sector stood at 21.2% at the end of December 2022, the same as September 2022, according to data published by the Central Bank of Cyprus on Wednesday....
https://knews.kathimerini.com.cy/en/news/finmin-underlines-the-importance-of-disciplined-policy
The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....
https://knews.kathimerini.com.cy/en/news/april-records-a-decrease-in-loan-volumes
The Central Bank of Cyprus announced in a press release on Tuesday that total new loans decreased to €473.9 million in April 2023, compared to €922.5 million in the previous month....
https://knews.kathimerini.com.cy/en/news/new-plan-to-safeguard-vulnerable-groups-homes-nears-approval
The Director of the Press Office of the President of the Republic, Victor Papadopoulos, announced that a new plan to safeguard the first homes of vulnerable groups in Cyprus is on the horizon. ...
https://knews.kathimerini.com.cy/en/news/natural-gas-a-priority-for-affordable-electricity-generation
The Cyprus Chamber of Commerce and Industry (CCCI) agrees with the government's priority to bring natural gas το Cyprus, in order to produce cheap electricity, said CCCI President Christodoulos Angastiniotis, after a meeting held between CCCI and President of the Republic, Nikos Christodoulides, on Tuesday....
https://knews.kathimerini.com.cy/en/news/cyprus-sees-decline-in-total-deposits-and-loans
Total deposits in April 2023 recorded a net decrease of €173.3 million, compared with a net increase of €59.8 million in March 2023, the Central Bank of Cyprus said in a press release....
https://knews.kathimerini.com.cy/en/comment/opinion/is-there-an-energy-plan-or-isn-t-there
When in 2011 Cyprus discovered natural gas in "Aphrodite," the discussion about geopolitical upgrading was so intense that it led to the creation... of a movie titled "Block 12" and the establishment of specialized studies in oil & gas....
https://knews.kathimerini.com.cy/en/business/eba-tightens-its-grip-in-response-to-sanctions
Following the uproar caused by the lists of sanctions issued by the US, UK, and European authorities, the European Banking Authority (EBA) is tightening its standards in response. ...
https://knews.kathimerini.com.cy/en/news/in-search-of-an-energy-strategy
After President Christodoulides' visit to Israel and his meeting with Netanyahu, two key issues have emerged regarding Nicosia's energy strategy:...
https://knews.kathimerini.com.cy/en/business/energean-unveils-ambitious-plans-for-israeli-gas-exploitation
Energean announced on Thursday that by September 2023 it will submit to the Israeli government for approval a comprehensive program for the exploitation of the deposits of the "Olympus Area" of the Israeli Exclusive Economic Zone, so as to begin its implementation in early 2024....
https://knews.kathimerini.com.cy/en/business/cyprus-on-verge-of-becoming-lng-hub-as-talks-of-israel-pipeline-intensify
The announcements made by the Prime Minister of Israel, Benjamin Netanyahu, regarding a pipeline that will transport natural gas from Israel's Exclusive Economic Zone (EEZ) to Cyprus for liquefaction (LNG) and export to European markets...
https://knews.kathimerini.com.cy/en/business/boc-first-quarter-of-2023-yields-€95-million-in-profit
Bank of Cyprus has released its financial report for Q1 2023, showcasing robust performance and positive indicators across various key metrics....
https://knews.kathimerini.com.cy/en/news/non-compliance-with-us-sanctions-bad-says-cbc-governor
No impact to financial stability has been recorded so far by the US and UK sanctions against Cypriot persons and entities for assisting Russian sanctioned nationals apart from Cyprus’ credibility, Governor of the Central Bank of Cyprus Constantinos Herodotou said on Wednesday, noting that non-compliance would pose 'very negative consequences to the economy'...
https://knews.kathimerini.com.cy/en/news/trump-found-liable-for-sexual-abuse-accuser-awarded-$5-million
A federal jury on Tuesday found that Donald Trump sexually abused and defamed E. Jean Carroll, a writer who accused the former president of attacking her in a department store dressing room in the 1990s....
https://knews.kathimerini.com.cy/en/business/interest-rates-rise-for-housing-and-corporate-loans
Interest rates for housing loans in March 2023 increased by 1.25% compared to February 2023, while interest rates for corporate loans also rose, according to statistics released Friday by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/business/it-s-surprising-how-little-was-frozen
Upon his arrival at Larnaca airport last Wednesday, Justice Commissioner Didier Raeder brought with him two pressing questions. Firstly, how is it that a country like Cyprus, which has been heavily infiltrated by Russian capital for several years, has only managed to freeze a mere 104 million euros worth of assets belonging to oligarchs under EU sanctions?...
https://knews.kathimerini.com.cy/en/news/paris-supports-dialogue-on-cyprus-issue
President Christodoulides' visit to Paris to meet with French President Emmanuel Macron confirms the excellent level of bilateral relations between Cyprus and France. ...
https://knews.kathimerini.com.cy/en/news/chevron-pushes-forward-with-cyprus-tricky-move
Chevron has reportedly started drilling a key appraisal well offshore Cyprus, a development mired in geopolitical controversy over the ethnically-split island as well as neighbor relations...
https://knews.kathimerini.com.cy/en/business/expanding-profitability-and-strengthening-capital-position
Group Financial Results for the year ended December 31, 2022...
https://knews.kathimerini.com.cy/en/news/banks-announce-measures-on-interest-rates
Since July 2022, lending rates in Cyprus have risen by 3.5%, putting borrowers in a difficult position with dangerously increasing loan repayments....
https://knews.kathimerini.com.cy/en/news/cyprus-2022-household-assets-reach-€59-7b-debt-at-€20b
In December 2022, the total value of financial assets held by households was €59.7 billion. Out of this amount, 62% was invested in currency, deposits, and loans, 2% was allocated to debt securities, 19% was invested in stocks, and the remaining 17% was invested in other types of financial instruments....
