https://knews.kathimerini.com.cy/en/business/cyprus-banks-bracing-for-profit-squeeze-according-to-moody-s
Moody's believes that Cyprus' small and saturated banking sector, the banks' limited loan portfolio, and low fee and commission income will restrict opportunities for growth in domestic banks' activities and profitability in the long term....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-and-hellenic-bank-upgraded-by-fitch
Fitch Ratings has delivered significant upgrades to the two largest Cypriot banks, Bank of Cyprus and Hellenic Bank, signaling a positive turn in Cyprus's economic landscape and a bright outlook for both financial institutions....
https://knews.kathimerini.com.cy/en/news/fitch-upgrades-hellenic-s-long-term-rating-to-bb-with-stable-outlook
In a recent announcement, Fitch Ratings raised Hellenic Bank's long-term rating from "BB-" to "BB+" and assigned a stable outlook to the bank. The agency also upgraded the bank's Viability Rating (VR) to "bb+" from "bb-."...
https://knews.kathimerini.com.cy/en/news/uk-accused-of-turning-a-blind-eye-to-israel-palestine-war
Concerns that the UK Foreign Office has neglected the Israel-Palestine conflict in its tilt to the Indo-Pacific and the pursuit of trade deals across the Middle East is to be investigated by the foreign affairs select committee....
https://knews.kathimerini.com.cy/en/news/new-us-sanctions-target-cyprus-over-russia-connections
Four individuals and two legal entities related to Cyprus are included in a new US list of sanctions imposed due to Russia's offensive against Ukraine....
https://knews.kathimerini.com.cy/en/news/groundbreaking-gene-therapy-restores-hearing-in-deaf-children
In China, a true medical breakthrough has been achieved in a human trial that had as many as 10 children born deaf have their hearing restored through a genetic therapy method....
https://knews.kathimerini.com.cy/en/business/a-cheesy-dilemma-as-halloumi-faces-new-market-challenges
Amid renewed discussions on the PDO halloumi milk quota, a fresh challenge has emerged for producers and the competitiveness of the product. The market now sees products labeled as ''grilled cheese,''...
https://knews.kathimerini.com.cy/en/news/woman-kills-boyfriend-over-$30m-inheritance
A North Dakota woman fatally poisoned her boyfriend after learning about his plans to dump her — because he had inherited $30 million just hours earlier, police said....
https://knews.kathimerini.com.cy/en/news/7-000-tons-of-halloumi-on-the-brink
Official Ministry of Agriculture data have unveiled a critical situation in the halloumi production industry, a beloved and essential product in Cyprus....
https://knews.kathimerini.com.cy/en/news/property-sales-surge-to-15-year-high-due-to-foreign-buyers
Residential property sales in Cyprus hit a 15-year record high in the second quarter of 2023, with significant increases in prices, according to data released by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/business/ecommbx-a-platform-to-rule-them-all
From Day One, ECOMMBX was determined to develop the most powerful electronic payments systems, capable of offering customers seamless cross-border transactions. ...
https://knews.kathimerini.com.cy/en/news/assessing-the-dual-impact-of-government-s-support-measures
Recent days have witnessed crucial discussions surrounding measures to support households and businesses, a pressing necessity given the prevailing circumstances....
https://knews.kathimerini.com.cy/en/news/how-government-s-new-measures-will-cut-power-bills
The President of the Republic, Nicos Christodoulides, announced a total of 11 measures with a direct impact, totaling €141 million, along with six Housing Policy measures amounting to €55 million on Thursday (19/10)....
https://knews.kathimerini.com.cy/en/business/eurobank-goes-independent
Eurobank Ergasias Services and Holdings SA has announced the repurchase of a total of 52.08 million shares previously held by the Financial Stability Fund, making it the first Greek systemic bank without state participation in its share capital following the 2010 crisis....
https://knews.kathimerini.com.cy/en/news/angels-pet-cemetery-redefines-pet-farewell-in-cyprus
Angelos Petevinos, a devoted pet owner, found himself in a heart-wrenching situation a few years ago when his beloved dog, Sushi, fell seriously ill....
https://knews.kathimerini.com.cy/en/news/alleged-sexual-harassment-case-involving-teacher-shakes-limassol-high-school
Authorities in Limassol are grappling with a concerning complaint involving the alleged sexual harassment of a female student by a teacher at a local high school....
https://knews.kathimerini.com.cy/en/news/former-president-s-startling-revelation-about-food
In April 2022, former Russian President Dmitry Medvedev, now deputy head of Russia’s Security Council, said on his Telegram channel: “Our food is our silent weapon. Silent — but formidable."...
https://knews.kathimerini.com.cy/en/news/eu-seeks-centralized-energy-storage-solution
As part of the Save and Upgrade plan, only eight applications have been submitted thus far for the installation of home storage systems. It's important to note that these grants exclude new homes, which are expected to meet almost zero energy consumption standards....
https://knews.kathimerini.com.cy/en/news/aegean-airlines-expands-winter-routes-for-23-24-season
Aegean Airlines is set to offer its largest-ever route program for the upcoming winter season, introducing 18 new routes to 14 different countries. ...
https://knews.kathimerini.com.cy/en/news/cbc-governor-herodotou-reveals-breakthrough-in-digital-finance
The Central Bank of Cyprus has completed the tender for a new digital platform for customer compliance, said CBC Governor Constantinos Herodotou, speaking at an event organized by the Association of Cyprus Electronic Money and Payment Institutions, on Thursday afternoon....
https://knews.kathimerini.com.cy/en/news/ministry-of-education-to-combat-school-bullying
The Parliamentary Education Committee convened on Wednesday, September 27, to address the pressing issue of school bullying and juvenile delinquency....
https://knews.kathimerini.com.cy/en/news/foreign-buyers-flock-to-cyprus-real-estate
Recent data on property sales in Cyprus reveal distinct trends in different provinces. Notably, the real estate landscape in Nicosia contrasts sharply with that of coastal provinces....
https://knews.kathimerini.com.cy/en/business/cyprus-welcomes-most-tourists-among-eu-countries-with-91-of-visitors-from-abroad
In 2022, the EU received 45.8% of all international tourism arrivals in the world, despite representing 3.0% of the world's land area and 5.6% of the world's population, according to the UN World Tourism Organisation (UNWTO) shared by Eurostat on the occasion of World Tourism Day (27 September)....
https://knews.kathimerini.com.cy/en/news/greek-workers-toiling-longer-earning-less
Greeks work 41 hours a week, more than any other Europeans, but are paid less. Monthly salaries do not exceed 1,038 euros on average, according to the latest figures compiled by the Single Social Security Entity (EFKA), ...
https://knews.kathimerini.com.cy/en/news/modi-s-move-to-rename-india-to-bharat-sparks-controversy
Prime Minister Narendra Modi’s government has replaced the name India with a Sanskrit word in dinner invitations sent to guests attending this week’s Group of 20 summit, in a move that reflects his Hindu nationalist party’s efforts to eliminate what it sees as colonial-era names....
https://knews.kathimerini.com.cy/en/news/greek-scientists-unveil-a-game-changing-tool-to-catch-cancer-earlier
An increasing number of cancer patients are finding a cure thanks to innovative diagnostic and therapeutic techniques, especially if the disease is detected early....
https://knews.kathimerini.com.cy/en/news/europe-grapples-with-alarming-air-pollution-crisis
Europe is currently in the throes of a severe public health emergency, marked by dangerously high levels of air pollution prevalent across nearly all regions of the continent. ...
https://knews.kathimerini.com.cy/en/news/liquidity-cover-hits-318-in-banking
Konstantinos Herodotou, the Governor of the Central Bank of Cyprus, delivered a robust message at the TechIsland conference in Limassol....
https://knews.kathimerini.com.cy/en/news/us-plane-brings-captives-back-home
The plane carrying five American citizens freed as part of a deal between the U.S. and Iran have now landed back home in the United States....
https://knews.kathimerini.com.cy/en/business/weight-loss-drug-ozempic-transforms-denmark-s-economy
Massive demand for diabetes and weight loss drugs made by Danish pharmaceutical group Novo Nordisk has turned it into Europe's most valuable company, giving Denmark's economy a major makeover....
