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12° Nicosia,
01 December, 2022
 

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Displaying results 1-30 of 641 matches for query finance.

1. Government owed €16.2m from ineligible first time home buyers

https://knews.kathimerini.com.cy/en/news/government-owed-€16-2m-from-ineligible-first-time-home-buyers

More than 270 people who benefited from the reduced rate of 5% VAT for first-time home buyers, have been found to be ineligible, following checks carried out throughout Cyprus by the Tax Department, and should be charged 19% VAT, totaling €16.2 million announced on Wednesday the Minister of Finance, Constantinos Petrides, after the Council of Ministers. He also announced on-site checks on other categories of taxpayers and types of taxes....

2. Op-ed: The effects of Global warming on banks and insurance companies

https://knews.kathimerini.com.cy/en/business/op-ed-the-effects-of-global-warming-on-banks-and-insurance-companies

One of the last print editions of the Economist had the title ‘Say goodbye to 1.5° C’ which refers to the goal of limiting the increase in the average temperature of the planet to 1.5 degrees Celsius...

3. European Institute of Management and Finance establishes the Centre of Good Governance

https://knews.kathimerini.com.cy/en/business/european-institute-of-management-and-finance-establishes-the-centre-of-good-governance

Considering the need to tackle weak and precarious governance structures evident in both private and public entities, the European Institute of Management and Finance (EIMF) has established the Centre for Good Governance (CGG) in an effort to enhance governance at all levels and in all fields. ...

4. Petrides: 'The casino will attract hundreds of thousands of tourists'

https://knews.kathimerini.com.cy/en/business/petrides-the-casino-will-attract-hundreds-of-thousands-of-tourists

The government is handing over a modern, more dynamic tourism product that has the capacity to further develop, said on Tuesday Finance Minister Constantinos Petrides in addressing the 44th Cyprus Hotel Summit and Exhibition organized by the Hoteliers’ Association....

5. 'Double tax' treaty talks to begin between Cyprus and Australia

https://knews.kathimerini.com.cy/en/news/double-tax-treaty-talks-to-begin-between-cyprus-and-australia

Cyprus Finance Ministry has expressed satisfaction with the positive reaction of Australian authorities to initiate bilateral negotiations for the conclusion of the Convention for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance....

6. Who benefits from the proposed rent-to-mortgage scheme?

https://knews.kathimerini.com.cy/en/business/who-benefits-from-the-proposed-rent-to-mortgage-scheme

The "Rent vs Instalment Scheme", now known as the "mortgage to rent" scheme, is nearing completion, with implementation set to begin in January 2023. ...

7. Investors lost $1 billion on FTX, prompting calls for industry regulation

https://knews.kathimerini.com.cy/en/news/investors-lost-$1-billion-on-ftx-prompting-calls-for-industry-regulation

The turmoil in the cryptocurrency world continues unabated following the bankruptcy of the FTX platform, which landed its founder, Sam Bankman-Freid, bankrupt almost overnight. ...

8. President defers foreclosure mess to attorney general

https://knews.kathimerini.com.cy/en/news/president-defers-foreclosure-mess-to-attorney-general

Cypriot President Nicos Anastasiades has refused to veto legislation that suspends foreclosures yet again until February 2023, essentially calling on the attorney general to examine the constitutionality of the bill as the issue on the presidential election campaign trail continues to heat up...

9. Cyprus regulator to suspend FTX's license

https://knews.kathimerini.com.cy/en/business/cyprus-regulator-to-suspend-ftx-s-license

FTX's European Union license in Cyprus could be suspended in yet another blow to Sam Bankman-Fried's crypto exchange, according to Bloomberg....

10. Finance Minister calls for the repeal of foreclosure suspension

https://knews.kathimerini.com.cy/en/news/finance-minister-calls-for-the-repeal-of-foreclosure-suspension

The Ministry of Finance proposes delaying the law on divestiture suspension. ...

11. Slower economic growth expected towards end of year

https://knews.kathimerini.com.cy/en/business/slower-economic-growth-expected-towards-end-of-year

The Cypriot economy is expected to slow down towards the end of 2022 after growing steadily during the first half of the year, according to the chapter on Cyprus from the European Commission’s Autumn 2022 Economic Forecast which was presented on Friday by Commissioner for the Economy Paolo Gentiloni....

12. Looking for a strategy to suspend foreclosure sales

https://knews.kathimerini.com.cy/en/business/looking-for-a-strategy-to-suspend-foreclosure-sales

To protect vulnerable borrowers and stop the economy from being impacted by decisions that could harm its integrity, a strategy for the new potential three-month suspension of foreclosure sales is being sought. ...

13. 64% of distressed state loans eligible for 'Oikia' scheme

https://knews.kathimerini.com.cy/en/news/64-of-distressed-state-loans-eligible-for-oikia-scheme

The applications for the Oikia scheme for distressed borrowers have reached 64% of the total eligible loans, according to the Housing Finance Corporation. In total, 1,223 applications, valued at €115m have been submitted, out of 1,948 eligible loans, valued at €179m....

14. Health Minister: Over 200 million euros spent to tackle Covid pandemic

https://knews.kathimerini.com.cy/en/news/health-minister-over-200-million-euros-spent-to-tackle-covid-pandemic

Health Minister, Michalis Hadjipantela, said on Monday that more than 200 million euros have been spent since 2020 to tackle the COVID-19 pandemic....

15. Health Minister calls for meeting to assess increase in covid cases

https://knews.kathimerini.com.cy/en/news/health-minister-calls-for-meeting-to-assess-increase-in-covid-cases

Minister of Health Michalis Hadjipantela said that there has been an increase in COVID-19 cases in the past few days adding that an extraordinary meeting will take place on Wednesday with the Scientific Advisory Committee to assess the course of the pandemic in the next months....

16. Layoffs begin at Twitter as offices temporarily close

https://knews.kathimerini.com.cy/en/news/layoffs-begin-at-twitter-as-offices-temporarily-close

Twitter Inc temporarily closed its offices on Friday after telling employees they will be informed by email later in the day whether they are being laid off....

17. Health Ministry: Newly arrived migrants in Cyprus are fully screened

https://knews.kathimerini.com.cy/en/news/health-ministry-newly-arrived-migrants-in-cyprus-are-fully-screened

The Ministry of Health is conducting all necessary examinations on newly arrived immigrants in the country, according to Health Minister Michael Hadjipantelas....

18. EY holds Cyprus Attractiveness Forum: Investment Realized, a reference point for FDI in Cyprus

https://knews.kathimerini.com.cy/en/business/ey-holds-cyprus-attractiveness-forum-investment-realized-a-reference-point-for-fdi-in-cyprus

The Cyprus Attractiveness Forum: Investment Realized, organized by EY in collaboration with the Cyprus Chamber of Commerce and Industry, took place on Tuesday, October 25th at the Parklane Hotel, in Limassol. ...

19. Announcement: Appointment of Principal and Senior Managers in K. Treppides & Co Ltd

https://knews.kathimerini.com.cy/en/business/announcement-appointment-of-principal-and-senior-managers-in-k-treppides-co-ltd

The Management of K. Treppides & Co Ltd is committed to develop leaders who derive from own people and who pursue excellence in the provision of high quality specialised and unique services. We are pleased to announce the appointment of the following members on the Board of Management effective as of 1 November 2022....

20. Wim Van Aken talks recession and the predictions for Cyprus

https://knews.kathimerini.com.cy/en/news/op-ed-wim-van-aken-talks-recession-and-the-predictions-for-cyprus

We are facing a double shock. First, we had the Covid-19 shock and now the global and European economies are facing a new shock with the war in Ukraine. Both events are unprecedented for many of us....

21. Rishi Sunak to become Britain's next Prime Minister

https://knews.kathimerini.com.cy/en/news/rishi-sunak-is-britain-s-new-prime-minister

Britain's new prime minister is Rishi Sunak. Penny Mordaunt, the only candidate left standing for the Conservative leadership following Boris Johnson's withdrawal yesterday, has also withdrawn from the race, paving the way for Sunak to take over as Prime Minister....

22. Boris Johnson or Rishi Sunak expected to be UK's next prime minister

https://knews.kathimerini.com.cy/en/news/boris-johnson-or-rishi-sunak-expected-to-be-uk-s-next-prime-minister

Boris Johnson and his former finance minister Rishi Sunak were leading potential contenders to replace British Prime Minister Liz Truss on Friday, with candidates canvassing support to become Conservative Party leader in a fast-tracked contest....

23. Embracing the digital age through the 'smart school' program

https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-embracing-the-digital-age-through-the-smart-school-program

Our educational system, the Ministry of Education, and the State are making an important and historic transition to the digital era with the signing of the €20 million Contract for the "Support Services System" Project on September 6, 2022. ...

24. Petrides: 'We will not impose new fuel taxes'

https://knews.kathimerini.com.cy/en/business/petrides-we-will-not-impose-new-fuel-taxes

Finance Minister Constantinos Petrides stated that no new fuel taxes will be imposed, an obligation that should be met by the end of the year....

25. IMF predicts a return to fiscal surpluses for Cyprus following the pandemic

https://knews.kathimerini.com.cy/en/news/imf-predicts-a-return-to-fiscal-surpluses-for-cyprus-following-the-pandemic

Cyprus’ public finances will return to surpluses in 2023 which will continue until 2027, the IMF said in its Fiscal Monitor 2022 issued on Wednesday....

26. The future of the banking sector is digital, green and social

https://knews.kathimerini.com.cy/en/news/the-future-of-the-banking-sector-is-digital-green-and-social

The future of the banking sector is digital, green and social, said the participants at the 3rd online FMW Conference, titled "Banking System: New Challenges and Opportunities". The Conference also highlighted the contrast between trying to tame inflation by raising interest rates and supporting vulnerable groups to avoid social unrest....

27. Investigating Russian remittances to Mount Athos

https://knews.kathimerini.com.cy/en/news/investigating-russian-remittances-to-mount-athos

The Money Laundering Authority is investigating suspicious money transfers from abroad to the individual accounts of monks on Mount Athos....

28. Global fintech market resilient in H1’22 - $107.8 billion in investment, according to KPMG’s Pulse of Fintech

https://knews.kathimerini.com.cy/en/business/global-fintech-market-resilient-in-h1-22-$107-8-billion-in-investment-according-to-kpmg-s-pulse-of-fintech

Global fintech investment declined from $111.2 billion in H2’21 to $107.8 billion in H1’22, but remained remarkably resilient compared to historical trends given the challenges affecting the broader investment market, including geopolitical uncertainty, growing inflation, and increasing interest rates. ...

29. EU countries approve energy windfall levies, turn to gas price cap

https://knews.kathimerini.com.cy/en/news/eu-countries-approve-energy-windfall-levies-turn-to-gas-price-cap

European Union countries agreed on Friday to impose emergency levies on energy firms’ windfall profits and began talks on their next move to tackle Europe’s energy crunch – possibly a bloc-wide gas price cap....

30. Urgent bill on back burner as Lone Star sleeps on it

https://knews.kathimerini.com.cy/en/news/urgent-bill-on-back-burner-after-lone-star-sleeps-on-it

The Cypriot parliament was in no hurry on Thursday to vote on an emergency bill that would have allowed the government to block a potential takeover of the island’s largest bank, after an American private equity fund said it would sleep on it at least until next year. ...

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