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12° Nicosia,
03 December, 2024
 

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Displaying results 1-30 of 2586 matches for query economy.

1. Major companies eye Cyprus as European HQ, says annual securities report

https://knews.kathimerini.com.cy/en/business/major-companies-eye-cyprus-as-european-hq-says-annual-securities-report

The President of Cyprus, Nicos Christodoulides, met with the Cyprus Securities and Exchange Commission (CySEC) at the Presidential Palace to receive their 2023 annual report. ...

2. Court hands down stiff sentences in major extortion and embezzlement case

https://knews.kathimerini.com.cy/en/news/court-hands-down-stiff-sentences-in-major-extortion-and-embezzlement-case

In a significant move against financial crime, the Criminal Court in Larnaca has handed down tough sentences to two men involved in an elaborate scheme of extortion, embezzlement, and money laundering. ...

3. Cyprus secures €115 million in second payment under EU recovery plan

https://knews.kathimerini.com.cy/en/news/cyprus-secures-€115-million-in-second-payment-under-eu-recovery-plan

Cyprus has received its second payment under the EU's Recovery and Resilience Facility (RRF), with €115 million granted after successfully fulfilling 37 out of 38 agreed milestones....

4. Eurobank’s €1.2 billion investment in Cyprus signals confidence

https://knews.kathimerini.com.cy/en/business/eurobank-s-€1-2-billion-investment-in-cyprus-signals-confidence

According to Kathimerini's Panayiotis Rougalas, Eurobank has made significant strides in its investment in the Cypriot banking sector, particularly with its ongoing acquisition of Hellenic Bank....

5. Cyprus receives major credit rating boost from Moody’s

https://knews.kathimerini.com.cy/en/business/cyprus-receives-major-credit-rating-boost-from-moody-s

Last Friday, Moody’s delivered a major endorsement of Cyprus’ economic progress, upgrading its credit rating by two notches, from Baa2 to A3, with a stable outlook, according to a report by Panayiotis Rougalas. ...

6. 200 foreign companies and 1,200 new jobs in Cyprus in six months

https://knews.kathimerini.com.cy/en/business/200-foreign-companies-and-1-200-new-jobs-in-cyprus-in-six-months

Cyprus is experiencing a surge in foreign investment, with approximately 200 international companies establishing operations in the country during the first half of the year. ...

7. Government faces labor strikes as key sectors demand action

https://knews.kathimerini.com.cy/en/news/government-faces-labor-strikes-as-key-sectors-demand-action

Cyprus is grappling with escalating labor unrest in its most crucial industries, as healthcare, construction, and tourism workers push for long-standing demands. ...

8. Eurobank acquires full control of Hellenic Bank

https://knews.kathimerini.com.cy/en/business/eurobank-acquires-full-control-of-hellenic-bank

Eurobank has taken a significant step in consolidating its presence in Cyprus, announcing the acquisition of a controlling stake in Hellenic Bank, according to a report by Panyiotis Rougalas....

9. Geoeconomic tensions and Cyprus: Staying the course amid challenges ahead

https://knews.kathimerini.com.cy/en/comment/opinion/geoeconomic-tensions-and-cyprus-staying-the-course-amid-challenges-ahead

Geoeconomic fragmentation, the reversal of progress towards global economic and financial integration due to political and military conflict and strategic policy decisions, is rising....

10. New rules could see AVAX take over Paphos–Polis road project

https://knews.kathimerini.com.cy/en/news/new-rules-could-see-avax-take-over-paphos–polis-road-project

The government is stepping up efforts to strengthen the framework for public works contracts following the unfortunate cancellation of the Paphos–Polis Chrysochous road project....

11. Primary residence and the benefit of 5% reduced VAT rate

https://knews.kathimerini.com.cy/en/business/primary-residence-and-the-benefit-of-5-reduced-vat-rate

Nowadays having your own permanent residence is a must, however the cost for the acquisition or construction of a house/apartment has significantly increased in the last few years....

12. EIB President Nadia Calviño to visit Cyprus for talks and office opening

https://knews.kathimerini.com.cy/en/business/eib-president-nadia-calvino-to-visit-cyprus-for-talks-and-office-opening

Nadia Calviño, the President of the European Investment Bank (EIB), is set to make her first official visit to Cyprus on Friday, November 22, where she will open the new EIB Group office and hold talks with Cypriot leaders....

13. Rising food prices leave Cypriot households struggling

https://knews.kathimerini.com.cy/en/news/rising-food-prices-leave-cypriot-households-struggling

A recent survey reveals that consumers in Cyprus are increasingly worried about their financial future, as rising food costs and economic challenges weigh heavily on households....

14. Greek workers strike over rising costs and low wages

https://knews.kathimerini.com.cy/en/news/greek-workers-strike-over-rising-costs-and-low-wages

Greek workers are currently on strike today, Wednesday, causing disruptions at ports, and on buses and trains. The nationwide strike, which includes transport workers, doctors, teachers, and construction workers, is a protest against rising living costs and demands for higher wages....

15. Road to nowhere as Paphos-Polis project hits a dead end

https://knews.kathimerini.com.cy/en/news/road-to-nowhere-as-paphos-polis-project-hits-a-dead-end

The long-awaited Paphos-Polis Chrysochous road project has hit a major roadblock, with construction halted at just 21% completion and the Republic of Cyprus now facing legal challenges from the former contractor, INTRAKAT. ...

16. November Newsletter of K. Treppides & Co Ltd - 15/11/2024

https://knews.kathimerini.com.cy/en/business/november-newsletter-of-k-treppides-co-ltd

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....

17. Cyprus reunification 'off the table', says former U.S. Ambassador, warns Europe not to rely on U.S.

https://knews.kathimerini.com.cy/en/news/cyprus-reunification-off-the-table-says-former-u-s-ambassador-warns-europe-not-to-rely-on-u-s

A statesman, a diplomat, and a patriot, John Koenig is the epitome of dedication to service and diplomacy. With a career spanning over three decades, he has served in pivotal roles across the globe, from his time as U.S. Ambassador to Cyprus from 2012 to 2015 to his earlier postings in Belgium, Greece, Indonesia, Italy, and the Philippines. ...

18. Laiki Bank liquidator raises €90.8 million for depositor compensation

https://knews.kathimerini.com.cy/en/business/laiki-bank-liquidator-raises-€90-8-million-for-depositor-compensation

According to a report by Panayiotis Rougalas in this Sunday's Kathimerini, the liquidator of the former Laiki Bank, Avgoustinos Papathomas, has achieved a key milestone in efforts to compensate creditors, particularly depositors who lost money during the bank’s 2013 collapse....

19. DBRS Morningstar: Cyprus shows strong recovery in tackling bad loans

https://knews.kathimerini.com.cy/en/news/dbrs-morningstar-cyprus-shows-strong-recovery-in-tackling-bad-loans

Cyprus is starting to see some positive shifts in its financial sector, particularly when it comes to tackling non-performing loans (NPLs) – loans that borrowers have stopped paying. ...

20. Cyprus economy grows by 3.9% in Q3 of 2024

https://knews.kathimerini.com.cy/en/news/cyprus-economy-grows-by-3-9-in-q3-of-2024

Cyprus’ economy recorded a strong performance in the third quarter of 2024, with GDP growth reaching 3.9% in real terms compared to the same period in 2023, according to data released on Thursday by the Cyprus Statistical Service....

21. Cyprus eyes new offshore gas licenses as global demand surges

https://knews.kathimerini.com.cy/en/business/cyprus-eyes-new-offshore-gas-licenses-as-global-demand-surges

Cyprus is considering a new round of licensing for offshore gas exploration to capitalize on high demand, according to Energy Minister Giorgos Papanastasiou. With estimates suggesting that undiscovered gas reserves could be around 15-16 trillion cubic feet...

22. Fired Paphos-Polis road contractor wants €35 million payout

https://knews.kathimerini.com.cy/en/business/fired-paphos-polis-road-contractor-wants-€35-million-payout

The Cyprus government has formally terminated its contract with Intrakat, a Greek construction company, for the long-awaited Paphos-Polis Chrysochous motorway, citing severe delays and excessive demands from the contractor....

23. Help is on the way for young couples needing a home

https://knews.kathimerini.com.cy/en/news/help-is-on-the-way-for-young-couples-needing-a-home

Starting Friday, November 15, young people and couples in Cyprus will be able to apply for financial assistance through a new housing plan. The program, designed to support those up to the age of 41, will accept applications online until December 31, 2024, at noon....

24. Bank of Cyprus reports €401 million profit surge

https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-reports-€401-million-profit-surge

In the latest financial report, Bank of Cyprus has reported a solid profit of €401 million for the first nine months of 2024—a 15% jump from last year’s €349 million. ...

25. BOC finalizes sale of troubled loans to boost stability and growth

https://knews.kathimerini.com.cy/en/news/boc-finalizes-sale-of-troubled-loans-to-boost-stability-and-growth

In September 2024, the Bank of Cyprus reached a deal with funds linked to Cerberus Global Investments B.V. to sell a portfolio of non-performing loans—primarily business loans backed by collateral. ...

26. Sklavenitis expands in Cyprus, shaking up the supermarket scene

https://knews.kathimerini.com.cy/en/business/sklavenitis-expands-in-cyprus-shaking-up-the-supermarket-scene

The Cypriot supermarket landscape is shifting as Greece's Sklavenitis Group officially takes over Papantoniou Supermarkets. With Competition Protection Commission approval, ...

27. Cyprus GDP and living standards improve, but challenges remain

https://knews.kathimerini.com.cy/en/business/cyprus-gdp-and-living-standards-improve-but-challenges-remain

Cyprus' living standards have continued to improve, with the country's GDP per capita reaching 95% of the EU average in 2023, according to recent data from the Statistical Service of Cyprus....

28. Cyprus trade deficit drops by €1.18 billion as imports and exports decline

https://knews.kathimerini.com.cy/en/business/cyprus-trade-deficit-drops-by-€1-18-billion-as-imports-and-exports-decline

Cyprus’ trade deficit dropped significantly by 17.4%, or €1.18 billion, in the first nine months of the year compared to the same period in 2023, according to provisional data from the Statistical Service of Cyprus (Cystat). ...

29. Why I almost voted for Trump—and why many Americans did

https://knews.kathimerini.com.cy/en/comment/opinion/why-i-almost-voted-for-trump—and-why-many-americans-did

I’ve been a staunch Democrat my whole life, but as I look at the results of the latest election, I can’t say I’m entirely shocked by Trump’s success. ...

30. Cyprus' average monthly salary reaches €2,250 in 2023

https://knews.kathimerini.com.cy/en/news/cyprus-average-monthly-salary-reaches-€2-250-in-2023

Cyprus saw a notable increase in average salaries in 2023. According to the latest figures from the Cyprus Statistical Service, the average gross monthly salary for employees on the island reached €2,363 in 2023, ...

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