https://knews.kathimerini.com.cy/en/comment/opinion/hands-off-my-tahinopita
The Auditor-General hinted at the President's earnings during his tenure as Government Spokesperson, prompting Victor Papadopoulos to respond that everything was known and legal....
https://knews.kathimerini.com.cy/en/news/choosing-between-heating-and-eating
A recently released report from the French charity Secours Catholique underscores the alarming rise in poverty numbers, with a record one million people seeking assistance in 2022, up from 780,000 the previous year. ...
https://knews.kathimerini.com.cy/en/news/minister-unleashes-4-boost-for-retirees
In a significant move to enhance the well-being of pensioners, Labor and Social Insurance Minister Yiannis Panayiotou declared a nearly 4% increase in basic pensions for the upcoming year....
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/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/un-warns-of-potential-war-crimes-amid-israel-gaza-violence-surge
The United Nations has warned that there was “clear evidence” that war crimes may have been committed in “the explosion of violence in Israel and Gaza”....
https://knews.kathimerini.com.cy/en/news/rising-rent-costs-challenge-cyprus-middle-class-budgets
A disconcerting trend is unfolding in Cyprus, where not only are the prices of essential goods on the rise, but rents are also skyrocketing, sparking extensive debates and concerns throughout society according to a report on Philenews....
https://knews.kathimerini.com.cy/en/news/tax-audits-expose-unexplained-remittances
Remittances abroad that are not justified by incomes declared in tax statements, problematic parental concessions or donations to children with sums of money directly “from the mattress,” and undeclared earnings were detected by the tax inspection centers in the audits they carried out in the first seven months of the year.
...
https://knews.kathimerini.com.cy/en/news/unexpected-earnings-dip-in-2022-at-€2-202
In a surprising turn of events, Cyprus witnessed its first annual drop in monthly earnings after seven prosperous years....
https://knews.kathimerini.com.cy/en/news/corruption-and-desperation-forge-a-new-path-to-cyprus
A new migratory route to Cyprus has emerged this summer, with increased departures from Syria to Cyprus surpassing those from Lebanon, according to a report by Open Democracy....
https://knews.kathimerini.com.cy/en/news/how-university-of-cyprus-handles-overtime-pay
The University of Cyprus, led by its rector, Tassos Christofides, acknowledged that overtime was paid to Doxa Komodromou....
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....
https://knews.kathimerini.com.cy/en/business/leonid-radvinsky-the-mastermind-behind-onlyfans
The profits of the OnlyFans platform have seen a remarkable surge over the past year, and recent revelations of its owner pocketing over $300 million (€278 million) in dividends have sparked fresh inquiries into the leader behind this adult content platform....
https://knews.kathimerini.com.cy/en/business/boc-reports-€220-million-profit-for-first-half-of-2023
Bank of Cyprus Group has reported a robust profit after tax of €220 million for the first half of 2023, a significant leap from the €43 million recorded in the same period of 2022. Notably, €125 million of these profits were achieved in the second quarter of 2023....
https://knews.kathimerini.com.cy/en/business/melco-announces-unaudited-second-quarter-2023-earnings
Melco Resorts & Entertainment Limited (Nasdaq: MLCO), operator of City of Dreams Mediterranean and Cyprus Casinos (“C2”), reported its unaudited financial results for the quarter ended 30 June 2023....
https://knews.kathimerini.com.cy/en/news/international-inspectors-hired-for-golden-passports-probe
According to a report on Philenews, the Independent Authority Against Corruption has recruited two "inspection officers" who will be compensated with approximately €1,150 per day for their crucial role in the ongoing investigation surrounding the controversial 'golden passports' issue....
https://knews.kathimerini.com.cy/en/news/380-cyta-employees-on-the-brink-of-departure
In an effort to further reduce operational expenses and renew its workforce, Cyta has implemented another voluntary employee exit plan, targeting individuals who meet specific conditions....
https://knews.kathimerini.com.cy/en/news/ai-driven-job-losses-surge-marking-a-disturbing-trend
Almost 4,000 people who were laid off in May lost their jobs because of artificial intelligence, and it's the first time AI has been listed in the monthly report from Challenger, Gray, and Christmas....
https://knews.kathimerini.com.cy/en/news/uber-makes-waves-with-boat-travel-in-mykonos
Can't find a ride to Ornos? Don't worry. The ride-hailed watercraft will carry up to eight people to different stops around the island....
https://knews.kathimerini.com.cy/en/news/murdered-hooker-still-unnamed-as-friend-gets-jailed
More details have emerged in the brutal murder of a woman from Ukraine, with Cypriot police focusing primarily on a single male suspect while also arresting her female friend, a key witness who says she had booked an extended paid sex appointment for the victim on the night she was killed...
https://knews.kathimerini.com.cy/en/news/sex-rendezvous-messages-emerge-in-murder-investigation
Cyprus Police are investigating the murder of a sex worker in Limassol that took place over the weekend, when a woman from Ukraine was found dead in her hotel apartment where an asylum seeker from Turkey had also booked an appointment to see her on Saturday evening...
https://knews.kathimerini.com.cy/en/business/april-newsletter-of-k-treppides-co-ltd-eba
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/business/deutsche-bank-to-slash-800-jobs-as-part-of-new-cost-cutting-initiative
Deutsche Bank to cut 800 jobs in a new cost-saving drive after reporting a bigger-than-expected rise in profit for the first quarter, a volatile period globally for finance companies....
https://knews.kathimerini.com.cy/en/business/1-april-newsletter-of-k-treppides-co-ltd-cysec
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....
https://knews.kathimerini.com.cy/en/business/boc-to-pay-dividends-after-12-years
The Bank of Cyprus is the first bank in Cyprus and Greece to receive approval from the European Central Bank (ECB) to pay dividends. The lender is expected to resume paying dividends to its shareholders after 12 years....
https://knews.kathimerini.com.cy/en/business/prem-watsa-greek-banks-are-safer
Greece has entered a virtuous cycle of growth, and the next few years will be especially beneficial to the economy and Greeks if political stability is maintained and business-friendly policies are implemented....
https://knews.kathimerini.com.cy/en/business/ey-presents-report-on-the-future-of-banking-in-cyprus
The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-71-million-in-profits-in-2022
Bank of Cyprus' profit for 2022 was 71 million euros, up from 30 million euros in 2021....
https://knews.kathimerini.com.cy/en/news/averof received-funds-from-russian-oligarchs-says-nikolas
Phedonas Phedonos has mentioned Averof Neofytou in relation to his complaint about Russian oligarchs financing a candidate, says DIKO President Nikolas Papadopoulos....
https://knews.kathimerini.com.cy/en/business/the-landscape-of-bank-equity-is-changing-in-cyprus
A day before 2022 came to an end, Eurobank made the announcement that it had added 3.2% more shares of Hellenic Bank, bringing its total to 29.2% (pending regulatory approval), and altering the bank's balance "for good"....
