https://knews.kathimerini.com.cy/en/business/first-shipping-minister-sets-ambitious-targets-for-cyprus
The country’s location and tax system have made it a shipping magnet -- drawing maritime companies from Norway, Greece, Dubai and South Korea -- and prompting the creation of a ministry for the industry...
https://knews.kathimerini.com.cy/en/news/us-treasury-assistant-secretary-encouraged-by-meetings-in-cyprus
The United States have been encouraged by the commitments made by Cypriot officials in the framework of meetings US Department of the Treasury Assistant Secretary for Terrorist Financing Marshall Billingslea held on Friday and will continue to work with Cyprus to combat corruption, money laundering, and other financial threats....
https://knews.kathimerini.com.cy/en/business/experts-says-cyprus-economy-to-grow-by-3-8-this-year
The Cypriot economy will pick up momentum in 2018, the University of Cyprus’s Economic Research Centre predicts, upgrading its growth forecast to 3.8% compared with its previous projection of 3.6%.
...
https://knews.kathimerini.com.cy/en/business/eu-sees-strong-growth-as-unemployment-declines
The Commission foresees a "strong growth momentum continuing" in the coming years, but warned of risks widening...
https://knews.kathimerini.com.cy/en/news/oil-tank-demolition-paves-the-way-for-a-new-larnaca
The first oil tank demolition started Thursday on the old Larnaca-Dhekelia road, with President Nicos Anastasiades doing the honours by helping cut the first piece using a welding torch...
https://knews.kathimerini.com.cy/en/comment/opinion/don-t-get-caught-up-in-the-east-med-energy-hype
It is tempting for resource-poor countries to overestimate the promise of newly discovered hydrocarbon resources, particularly in times of need...
https://knews.kathimerini.com.cy/en/business/legislation-in-the-works-to-tax-airbnb-rentals-in-cyprus
Home owners who rent out their properties through Airbnb will have to pay taxes if a new law is passed in the Republic of Cyprus, but this may not be enough for tourism stakeholders who have been calling for more restrictions on the online service....
https://knews.kathimerini.com.cy/en/business/cyprus-recovery-is-being-recognised-by-international-agencies
Fitch does not currently anticipate developments with a high likelihood of leading to a downgrade...
https://knews.kathimerini.com.cy/en/business/bank-run-at-cooperative-peaked-in-march
A top official at the Cooperative Bank says more money was lost in bank deposits first quarter this year, just shy of 2 billion, than the outflow during the 2013 crisis....
https://knews.kathimerini.com.cy/en/comment/politcsblog-loans-to-politicians
The Non-Performing Loans (NPL) associated with political public figures reach over €160 million just in the cooperative bank alone. New measures are welcome but can they deliver?...
https://knews.kathimerini.com.cy/en/business/finmin-revenue-from-npls-management-will-repay-cost-of-support-to-co-op
Government moves include establishing an asset – management company, based on conditions that the competent European institutions will set and depending on the finalisation of investment interest in the Co-op...
https://knews.kathimerini.com.cy/en/business/scholz-seen-to-pick-up-where-schaeuble-left-off
Despite the cordial meeting on Friday between Finance Minister Euclid Tsakalotos and his new German counterpart Olaf Scholz, Berlin made it clear that the key Greek demand of debt relief will only be discussed after Greece’s bailout program ends....
https://knews.kathimerini.com.cy/en/business/georgiades-makes-the-good-case-for-ccb
Borrowers who default on a loan won’t be able to pick up the phone and ask a politician to intervene, according to Finance Minister Harris Georgiades, who insists that separating healthy banking from bad loans is the best way forward for the Cyprus Cooperative Bank....
https://knews.kathimerini.com.cy/en/news/russia-can-build-turkey-power-station-alone
Russian firm Rosatom has been seeking investors for a 49 percent stake in the Akkuyu nuclear power plant project...
https://knews.kathimerini.com.cy/en/business/privatisation-of-co-op-may-lead-to-the-creation-of-a-bad-bank
A process launched by the nationalised Cooperative Cyprus Bank may lead to the creation of an Asset Management Company also known as a bad bank ...
https://knews.kathimerini.com.cy/en/news/cooperative-bank-outflow-appears-to-have-stopped
The Cyprus finance minister says outflow has stopped at the state-owned Cyprus Cooperative Bank, following a €2.5 billion deposit by the government that is seeking private investors for the troubled institution....
https://knews.kathimerini.com.cy/en/business/china-retaliates-for-us-tariffs-slaps-duties-on-soybeans-planes-autos
The scale of China’s tariff targets was in line with Beijing’s pledge to mount a commensurate response...
https://knews.kathimerini.com.cy/en/business/ukraine-s-privatbank-files-$3-billion-lawsuit-against-pwc-subsidiaries
Kiev has already withdrawn PwC’s right to audit Ukrainian banks as punishment for its alleged failure to flag evidence of wrongdoing at PrivatBank...
https://knews.kathimerini.com.cy/en/business/china-hammers-us-goods-with-tariffs
Eight other products, including pork and scrap aluminium, will now be subject to additional tariffs of 25 percent...
https://knews.kathimerini.com.cy/en/news/speed-camera-plans-move-forward
Just as plans for speed cameras seemed to be going nowhere, an official meeting last week gave the go ahead for the tender process to begin within the next few months. ...
https://knews.kathimerini.com.cy/en/news/soccer-fans-riot-over-tsakalotos
Supporters of Olympiakos soccer club clashed with riot police Wednesday outside a hotel in Piraeus where Finance Minister Euclid Tsakalotos, a known supporter of bitter rival PAOK, was scheduled to give a speech....
https://knews.kathimerini.com.cy/en/business/cyprus-central-government-debt-at-€18-3-billion-at-end-2017
Cyprus central government debt reached 18.315 million in the end of 2017 marking a decline of 3.6% compared with 2016, according to data released today by the Finance Ministry’s Public Debt Management Office (PDMO)....
https://knews.kathimerini.com.cy/en/news/us-gifts-customs-equipment-to-cyprus
The US donates detection equipment to the Cyprus Customs Department in a move described as helping combat illicit trade, especially narcotics, and illegal weapons transfer....
https://knews.kathimerini.com.cy/en/news/porn-star-was-threatened-to-keep-silence-on-trump
Trump would have been married to his wife, Melania, during both the alleged extramarital relationships...
https://knews.kathimerini.com.cy/en/business/china-urges-us-away-from-brink-of-trade-war
China showed readiness to retaliate by declaring plans to levy additional duties on up to $3 billion of US imports...
https://knews.kathimerini.com.cy/en/business/cyprus-and-uk-sign-new-treaty-for-double-taxation-avoidance
For the Cyprus government, the expansion of economic relations with the United Kingdom is a top priority...
https://knews.kathimerini.com.cy/en/business/hedge-funds-show-interest-in-cyprus-co-op
Major hedge funds are showing interest in the Co-Operative Bank of Cyprus, including one headed by former Bank of Cyprus Vice Chairman and current US Commerce Secretary Wilbur Ross. It is too early to predict any deal since investor goals differ from each other and all would depend on final numbers at a later stage. ...
https://knews.kathimerini.com.cy/en/business/co-op-bank-en-route-to-healthy-future
Cyprus Co-operative Bank will be healthier without a massive NPL problem. Already it has managed to cut down on the number of branches and reduce its staff, but now the big step is finding investors with the right kind of portfolio to move banking forward....
https://knews.kathimerini.com.cy/en/news/french-ex-president-sarkozy-in-custody-in-campaign-funding-probe
France opened a judicial inquiry in 2013 into allegations that Sarkozy’s successful 2007 election bid benefited from illicit funds from late Libyan leader Gaddafi...
https://knews.kathimerini.com.cy/en/news/nearly-400-000-cypriots-gamble
A total of 399,750 Cypriots above the age of 15 are involved in gambling activities, according to a survey by the National Betting Authority (NBA). The voice calling for more action is getting louder....
