https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-time-value-of-money
What if a close friend asks today to borrow 1,000EUR with the precondition to repay the exact same amount in five years? Would you take the deal or not?...
https://knews.kathimerini.com.cy/en/business/usa-blacklists-oil-company-in-cyprus
An oil company registered in Cyprus has been blacklisted by US officials who blocked a total of four vessels for transporting Venezuelan oil to Cuba...
https://knews.kathimerini.com.cy/en/comment/opinion/mitsotakis-in-new-york-–-opportunities-substance-results
This week will see the first appearance of Prime Minister Kyriakos Mitsotakis at the United Nations General Assembly. He will make the customary speech before the plenary and be received by the UN secretary-general. However, the substance will be in the meetings that are to take place on the sidelines of the proceedings.
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https://knews.kathimerini.com.cy/en/news/moody-s-changes-cyprus-outlook-to-positive
Rating agency Moody’s changed the outlook for the Cypriot economy to positive from stable, citing the reduction of the sovereign exposure to event risks stemming from the banking sector and the improving fiscal strength beating previous expectations...
https://knews.kathimerini.com.cy/en/news/cyprus-to-fully-repay-imf-loan-in-2020
According to figures from the 2020 budget presented by Finance Minister Haris Georgiades to the Cabinet, Cyprus will repay the IMF loan early resulting in government debt reduction to 91.1% of GDP
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https://knews.kathimerini.com.cy/en/news/cabinet-approves-surplus-2020-budget
The Cabinet approved on Wednesday the budget for 2020, which foresees a surplus in state finances, while a significant increase in spending is planned due to the implementation of the General Healthcare System
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https://knews.kathimerini.com.cy/en/news/israel-s-netanyahu-fights-for-record-fifth-term-in-do-over-election
Israeli Prime Minister Benjamin Netanyahu faces a battle for political survival in a closely fought election on Tuesday that could end his 10-year domination of national politics.
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https://knews.kathimerini.com.cy/en/news/cavusoglu-speaks-to-kathimerini
Our meeting with the Turkish Foreign Minister Mevlut Cavusoglu took place in Famagusta on September 9, 2019, the day the Turkish official entered the fenced-off town of Varosha ...
https://knews.kathimerini.com.cy/en/business/us-ambassador-cautions-nicosia-over-5g
Nicosia is feeling the pressure over 5G technology as the Republic is caught in an international tech war between superpowers, only months away from state-owned Cyta making a move to upgrade its network...
https://knews.kathimerini.com.cy/en/news/johnson-again-bids-for-snap-poll-as-brexit-delay-bill-to-become-law
British Prime Minister Boris Johnson will try for a second time on Monday to call a snap election, but is set to be thwarted once more by opposition lawmakers who want to ensure he cannot take Britain out of the European Union without a divorce agreement. With no majority in parliament, which is determined to prevent what many businesses fear would be a calamitous way to quit the EU, Johnson wants to hold an election to keep his promise of leaving by Oct. 31, with or without an agreement.
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https://knews.kathimerini.com.cy/en/business/overtaxation-led-to-tax-evasion
Losses incurred by the state coffers due to tax evasion in 2014-17 were greater than the value-added tax revenue increase as a result of consecutive tax hikes, according to a European Commission report on the so-called VAT deficit (the difference between the expected VAT revenues and actual collections)...
https://knews.kathimerini.com.cy/en/news/finance-minister-pleased-with-waters-visit
Finance Minister Harris Georgiades says a visit by a US delegation affirms that Cyprus is on the right track in combating money laundering, following a statement by California Congresswoman Maxine Waters who said “Cyprus is up to the challenge....
https://knews.kathimerini.com.cy/en/business/scope-rates-cyprus-with-bbb
Scope Ratings affirmed last week the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, along with a short-term issuer rating of S-2 in both local and foreign currency, noting that all outlooks are stable...
https://knews.kathimerini.com.cy/en/news/macron-sends-stern-warning-to-ankara
In a show of solidarity with Cyprus, French President Emmanuel Macron sent a stern message to Turkey on Thursday that Paris and the European Union will not tolerate violations in the Eastern Mediterranean...
https://knews.kathimerini.com.cy/en/business/moody-s-expects-deleveraging-to-resume-but-warns-over-small-economy-and-high-level-of-debt
The credit profile of Cyprus reflects its small but wealthy economy, improved economic resilience and the government`s fiscal outperformance in the wake of the country`s banking crisis, Moody's Investors Service has said in an annual report.
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https://knews.kathimerini.com.cy/en/news/greek-pm-in-charm-offensive-aiming-to-ease-primary-surplus-targets
Prime Minister Kyriakos Mitsotakis is planning a series of trips abroad toward the end of this month and next, hoping to convince Greece’s creditors of the recently elected government’s commitment to reforms and to lay the groundwork for reducing demanding primary surplus targets agreed under the country’s post-bailout agreement....
https://knews.kathimerini.com.cy/en/news/trump-s-yuan-move-makes-a-china-deal-much-harder
The decision to label China a currency manipulator boxes in Donald Trump and Xi Jinping. The U.S. Treasury Department made the move after Beijing allowed the yuan to slide below the key level of 7 to the dollar. It’s the first such designation for the People’s Republic since 1994. The sudden escalation will make it harder for both sides to reach a trade truce...
https://knews.kathimerini.com.cy/en/news/stella-kyriakidou-climate-change-and-gender-equality-a-priority-for-the-eu
There have been many who have questioned the EU because of the economic crisis that has emerged in recent years. Today we are coming out of this crisis and we realize that the EU still has a lot to offer....
https://knews.kathimerini.com.cy/en/news/trump-hits-china-with-more-tariffs-sharply-escalating-trade-dispute
U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply escalating a bruising trade war between the world’s largest economies and jolting financial markets.
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https://knews.kathimerini.com.cy/en/news/central-banker-mulls-bridging-framework-on-foreclosures
The Central Bank will present recommendations aimed at rectifying the foreclosure framework it was announced on Thursday...
https://knews.kathimerini.com.cy/en/comment/opinion/the-first-visits-to-washington-and-jerusalem
It’s only three weeks since Nikos Dendias took over the foreign affairs portfolio, but he has already sent a pretty clear signal regarding the new government’s foreign policy priorities...
https://knews.kathimerini.com.cy/en/news/dombrovskis-the-eu-leads-the-world-in-the-battle-against-climate-change
This year, millions of young people across the world joined an international movement for climate change. They demanded action instead of mere talk, marching to fix the planet before it is too late.
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https://knews.kathimerini.com.cy/en/news/britain-begins-escorting-all-uk-vessels-through-hormuz-strait
Britain has started sending a warship to accompany all British-flagged vessels through the Strait of Hormuz, a change in policy announced on Thursday after the government previously said it did not have resources to do so.
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https://knews.kathimerini.com.cy/en/news/stepping-into-power-johnson-seeks-more-diverse-cabinet
Taking over as prime minister on Wednesday, Boris Johnson is expected to unveil a more diverse top team in a government to be tasked with delivering Brexit by the end of October, with or without a deal.
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https://knews.kathimerini.com.cy/en/news/foreclosure-legislation-deemed-unconstitutional
Finance Minister Haris Georgiades said on Tuesday that "a legislative framework must be effective, it must not change frequently, in order to create a trustworthy framework that will enable us to manage this last remaining problem of non-performing loans.''
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https://knews.kathimerini.com.cy/en/news/boris-johnson-set-to-become-next-uk-pm
Boris Johnson is expected to be elected leader of Britain’s governing Conservative Party and the country’s next prime minister on Tuesday, tasked with following through on his “do or die” pledge to deliver Brexit in just over three months time.
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https://knews.kathimerini.com.cy/en/comment/opinion/the-‘public-interest
Greece can really take off. The economy has already reached its lowest point and is now poised for a spectacular rebound. The country’s human capital is unlimited in all sectors and for the first time in a long time we have a government that understands the notion of entrepreneurship and wants to move dynamically in the field of investments.
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https://knews.kathimerini.com.cy/en/business/talent-shortages-costing-european-private-businesses-€414-billion-each-year
European private businesses’ biggest challenge is the increasingly growing skills shortage that is preventing them from hiring the right talent for growth. A PwC survey across 31 European countries shines a spotlight on a wider, ongoing issue across the region. PwC estimates that the skills shortage is costing the region €414 billion annually in lost revenues - just from private businesses. That’s around 2.6%of European GDP and is more than the combined annual GDP of Greece and Portugal.
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https://knews.kathimerini.com.cy/en/news/cyprus-parliament-suspends-foreclosures
The House of Representatives voted in its last plenary before summer recess an amendment to the foreclosure law that foresees a freeze in foreclosures and suspension for loans eligible for the ESTIA loan relief plan...
https://knews.kathimerini.com.cy/en/news/first-parts-of-russian-s-400-system-delivered-to-turkey
Turkey’s purchase of the Russian defense systems, which Washington says are not compatible with NATO’s defense network, is one of a series of issues which have put the allies at odds.
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