https://knews.kathimerini.com.cy/en/news/british-expertise-on-the-table-as-leo-docherty-speaks-to-kathimerini
In an interview with "K" newspaper, Leo Docherty, the British Minister for Europe, highlighted the British commitment to closer collaboration, emphasizing the range of areas where British expertise and cooperation can contribute to addressing issues such as combating illegal financing and exploring support structures for enforcement or addressing potential sanctions evasion. ...
https://knews.kathimerini.com.cy/en/news/kyriakides-to-attend-g7-meeting-on-global-health-architecture
Commissioner for Health Stella Kyriakides will take part in discussions regarding a global health architecture, representing the EU, during the G7 health ministerial meeting set to take place in Nagasaki Japan on Saturday, May 13th and Sunday, May 14th....
https://knews.kathimerini.com.cy/en/news/non-compliance-with-us-sanctions-bad-says-cbc-governor
No impact to financial stability has been recorded so far by the US and UK sanctions against Cypriot persons and entities for assisting Russian sanctioned nationals apart from Cyprus’ credibility, Governor of the Central Bank of Cyprus Constantinos Herodotou said on Wednesday, noting that non-compliance would pose 'very negative consequences to the economy'...
https://knews.kathimerini.com.cy/en/news/us-congressman-arrested-for-fraud-and-money-laundering
US Republican congressman George Santos has been arrested in New York on federal charges of fraud, money laundering and theft of public funds....
https://knews.kathimerini.com.cy/en/business/attica-s-real-estate-market-delivers-126-returns-in-last-5-years
The housing market has recently evolved into one of the most profitable investments, with a return of up to 126% during the last five years (2017-2022)....
https://knews.kathimerini.com.cy/en/business/it-s-surprising-how-little-was-frozen
Upon his arrival at Larnaca airport last Wednesday, Justice Commissioner Didier Raeder brought with him two pressing questions. Firstly, how is it that a country like Cyprus, which has been heavily infiltrated by Russian capital for several years, has only managed to freeze a mere 104 million euros worth of assets belonging to oligarchs under EU sanctions?...
https://knews.kathimerini.com.cy/en/news/who-declares-end-to-covid-19-global-emergency
The World Health Organization said Friday that Covid-19 no longer qualifies as a global emergency, marking a symbolic end to the devastating coronavirus pandemic that triggered once-unthinkable lockdowns, upended economies worldwide and killed at least 7 million people worldwide....
https://knews.kathimerini.com.cy/en/news/russia-s-lukoil-completes-sale-of-oil-refinery-in-italy
Russia's second-largest oil producer Lukoil said on Thursday its subsidiary LITASCO had completed the sale of the ISAB oil refinery in Sicily to Cypriot private equity firm G.O.I. Energy following approval by Italian authorities...
https://knews.kathimerini.com.cy/en/news/cypriot-firms-struggle-to-detach-from-sanctioned-providers
The business registrar in the Republic of Cyprus has been flooded with requests from companies scrambling to make changes to their structures, after hundreds of firms on the island saw their assets frozen due to new sanctions targeting agencies viewed by Washington and London as 'Russian enablers'...
https://knews.kathimerini.com.cy/en/business/employers-and-trade-unions-clash-over-cola-index-proposal
Today, Wednesday, May 3rd, employers will have a meeting regarding the Cost of Living Adjustment (CoLA) index, and on Thursday, May 4th, the trade unions will have theirs....
https://knews.kathimerini.com.cy/en/news/banks-announce-measures-on-interest-rates
Since July 2022, lending rates in Cyprus have risen by 3.5%, putting borrowers in a difficult position with dangerously increasing loan repayments....
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/news/president-on-sanctions-a-chance to-put-an-end-to-this-issue once-and-for-all
An extensive meeting on the issue of US and UK sanctions on natural and legal persons in Cyprus, chaired by Nicos Christodoulides, has concluded at the Presidential Palace....
https://knews.kathimerini.com.cy/en/news/president-holds-sanctions-meeting-with-stakeholders
Cyprus President, Nikos Christodoulides, will preside over a new meeting at 1030 local time on Tuesday, on the issue of sanctions imposed by the US and the UK on individuals and legal entities in Cyprus 'in connection with the Russian Federation’s unlawful and unprovoked invasion of Ukraine, including facilitators of sanctions evasion'...
https://knews.kathimerini.com.cy/en/news/fiscal-surplus-of-€570-2-mn-and-86-5-debt-to-gdp-ratio-in-2022
The Statistical Service announced on Friday a fiscal surplus of €570.2 mn, which corresponds to 2.1% of GDP and a fiscal debt of €23,371.1 mn, which corresponds to 86.5% of GDP....
https://knews.kathimerini.com.cy/en/comment/opinion/the-real-estate-industry-s-crucial-turning-point
The European Parliament recently approved a new bill that aims to tackle climate change by reducing carbon emissions. This new legislation has significant implications for the property markets in Cyprus and Greece, where there is a large stock of buildings over 30 years old and requiring energy upgrades....
https://knews.kathimerini.com.cy/en/business/the-impact-of-sanctions-go-beyond-individuals-and-companies
George Christofides, Vice President of the Bar Association, addressed the sanctions imposed by the UK and US on legal and natural persons in Cyprus during an interview on the ''DIASPORA NEWS'' program. ...
https://knews.kathimerini.com.cy/en/news/1-the-goal-is-1-000-voluntary-returns-per-month-says-ioannou
The government of Cyprus has outlined a four-pillar plan to address immigration issues, according to Interior Minister Konstantinos Ioannou. The first pillar is to limit the flow of asylum seekers entering Cyprus, followed by managing asylum applications and reception areas more efficiently....
https://knews.kathimerini.com.cy/en/business/finance-minister-considers-lowering-vat-rates-for-basic-necessities
The Minister of Finance of Cyprus, Makis Keravnos, has announced that the Ministry is considering measures for banks and credit-acquiring companies to absorb high-interest rate increases, as well as reducing value-added tax (VAT) for basic necessity products to tackle high prices....
https://knews.kathimerini.com.cy/en/news/finance-minister-requests-containment-of-lending-rates-for-housing-loans
The Finance Minister of Cyprus, Makis Keravnos, has written letters to the Director General of the Cyprus Banks Association and the Director General of the Association of Credit Acquisition Companies and Credit Facility Managers, requesting measures to control rising lending rates for serviceable loans up to €350,000....
https://knews.kathimerini.com.cy/en/business/numerous-foreclosure-sales-expected-in-2023-and-2024
The COVID-19 pandemic and the subsequent suspension of divestments since 2020 have led to the creation of a considerable volume of properties for disposal that banks and credit purchase companies have on their balance sheets....
https://knews.kathimerini.com.cy/en/news/nicosia-resolute-amid-damage-control-over-sanctions
There is clear political will on the part of the Government so that there is no shadow of a doubt, Cyprus’ President, Nikos Christodoulides, said on Tuesday evening, when asked to comment on media reports regarding the inclusion of Cypriot natural and legal persons on the list of the latest sanctions by the US...
https://knews.kathimerini.com.cy/en/business/finance-ministry-launches-tender-for-companies-law-modernization
Cyprus Ministry of Finance has launched a tender with an estimated value of €2 million aiming to acquire services for the modernization and reform of the outdated Companies Law, aiming to improve the economy’s competitiveness and ease of doing business....
https://knews.kathimerini.com.cy/en/business/assets-of-us-and-uk-sanctioned-entities-in-cyprus-will-be-frozen
Cypriot individuals and entities included in UK and US sanctions list will see their assets in the Cypriot banking system frozen and will not be able to carry out any banking transaction in Cyprus, Marios Skandalis, Chief Compliance Officer of Bank of Cyprus, the island’s largest lender has said....
https://knews.kathimerini.com.cy/en/news/nicosia-scrambles-to-guard-trademark-after-sanctions-incident
President of Cyprus Nikos Christodoulides convened an extraordinary meeting on Thursday following the inclusion of Cypriot natural and legal persons in the lists of the latest sanctions published on Wednesday by the United States of America and the United Kingdom...
https://knews.kathimerini.com.cy/en/business/government-continues-measures-to-counter-inflationary-pressures
The government of Cyprus has decided to continue measures aimed at countering inflationary pressures, including an extension of a subsidy on electricity consumption and a reduced excise tax on fuel....
https://knews.kathimerini.com.cy/en/news/government-servers-gradually-back-online-after-water-leak
The government servers are gradually operating again as of Tuesday evening following the water leak at a basement next to the room where they are located at the Ministry of Finance. The leak was noticed on Monday afternoon and all the systems were shut down as a precaution. Efforts immediately began to restore and assess the damage...
https://knews.kathimerini.com.cy/en/news/finance-ministry-says-viral-photo-of-server-room-is-fake-news
A photo that has gone viral on social media shows a supposed flooded server room at the Ministry of Finance, which caused the shutdown of several government websites on Monday....
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-sustainable-finance
Sustainability is the key to a better, healthier, and more viable future as it improves the quality of our lives with the use of natural resources which protect our ecosystem in general. By taking into consideration the three pillars of economic viability, environmental protection, and social well-being, we can preserve the future generations’ needs while, from a corporate perspective, the development of sustainable strategies can lead to a company’s longevity....
https://knews.kathimerini.com.cy/en/news/government-websites-down-after-waterleak-at-finance-ministry
Efforts are underway since Monday afternoon to repair and assess the damage caused by a water leak from a tank adjacent to the room where the servers that provide internet access for the entire government hub are located at the Ministry of Finance....
