https://knews.kathimerini.com.cy/en/news/turkey-s-february-inflation-hits-67-07-raises-policy-concerns
Turkey's annual inflation rate surged to 67.07% in February, surpassing expectations and sustaining pressure for a stringent monetary policy. Finance Minister Mehmet Simsek acknowledged that inflation would remain high in the coming months due to base effects and the delayed impact of previous rate hikes....
https://knews.kathimerini.com.cy/en/business/xm-invests-in-aris-for-future-entrepreneurs
XM, an international company that has established itself as a leader in the investment industry in forex, CFD in shares, metals and more, actively supports education and skills development initiatives through its sponsorship of ARIS (A Really Inspiring Space)....
https://knews.kathimerini.com.cy/en/business/ey-survey-cybersecurity-tops-global-cros-concerns
EY Global Bank Risk Survey 2023 finds CRO role has expanded and evolved....
https://knews.kathimerini.com.cy/en/comment/opinion/why-marriage-shouldn-t-be-the-answer-to-€2b-loans
In 2023, Cyprus secured a substantial loan totaling €2.02 billion from the Bank of Cyprus, earmarking €510 million specifically for housing initiatives. ...
https://knews.kathimerini.com.cy/en/news/eib-turns-down-funding-for-great-sea-interconnector-project
The European Investment Bank (EIB) has declined to finance the Great Sea Interconnector project, linking Cyprus, Greece, and Israel. Kyriakos Kakouris, EIB Vice President, confirmed the decision, stating that no new funding request has been submitted by the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/news/eib-explores-cyprus-collaboration-for-economic-growth
European Investment Bank (EIB) Vice President Kyriakos Kakouris is on a visit to Cyprus, engaging in meetings with Cypriot officials....
https://knews.kathimerini.com.cy/en/news/nineteen-new-private-hospitals-to-transform-health-sector-in-cyprus
Investors have shown interest in the health sector in Cyprus. According to the records, from 2021 until now, there are 12 new private hospitals......
https://knews.kathimerini.com.cy/en/news/give-ukraine-russia-s-money-to-end-the-war-yellen-says
The U.S. Treasury Secretary, Janet Yellen, said on Tuesday that she supports using some of the money that Russia cannot access because of the war in Ukraine....
https://knews.kathimerini.com.cy/en/news/government-now-implements-preemptive-checks-on-companies
In a decision announced by Finance Minister Makis Keraunos on Tuesday, the Cabinet approved the establishment of a unified regulatory authority for companies offering administrative services.
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https://knews.kathimerini.com.cy/en/news/cyprus-economic-mood-sours-in-february
In February 2024, economic sentiment in Cyprus witnessed a decline, with the Economic Sentiment Indicator (ESI-CypERC) dropping by 2.1 points compared to January, according to the University of Cyprus Economics Research Center....
https://knews.kathimerini.com.cy/en/news/prominent-financier-lord-jacob-rothschild-dead-at-87
Financier and member of the Rothschild banking family, Lord Jacob Rothschild, has died at the age of 87, his family has announced....
https://knews.kathimerini.com.cy/en/news/president-christodoulides-prepares-cyprus-for-new-sanctions-unit
The Council of Ministers will shortly approve the new National Sanctions Impelmentation Unit, Cyprus President Nikos Christodoulides said on Sunday, stressing that there can be no discussion when it comes to sanctions violation and the country’s image abroad.
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https://knews.kathimerini.com.cy/en/business/ey-seminar-explores-green-tax-impact-on-businesses
EY Cyprus Academy of Learning and Development Organized a Seminar on Sustainability and Green Taxes Affecting Business – As – Usual: The EU Role of Cyprus.
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https://knews.kathimerini.com.cy/en/news/labour-minister-eyes-growth-and-jobs-ahead
The Minister of Labour and Social Insurance, Yannis Panayiotou, notes a common approach for the development of the economy between the Government and the business community......
https://knews.kathimerini.com.cy/en/news/us-embassy-nicosia-hosts-exhibit-of-ukrainian-women-amid-russian-aggression
On the somber occasion of the second anniversary of Russia’s brutal re-invasion of Ukraine, U.S. Embassy Nicosia, in collaboration with Sunseed Art and Resilient Ukraine, is the proud sponsor of an art exhibit that depicts the faces, roles, stories, and remarkable resilience of Ukrainian women....
https://knews.kathimerini.com.cy/en/business/cyprus-cabinet-unveils-business-carbon-grants
The Cabinet approved on Wednesday a new grants scheme to encourage greenhouse gas emission reductions in businesses....
https://knews.kathimerini.com.cy/en/news/cyprus-targets-gambling-addiction-with-new-gesy-proposal
In January 2024, the National Betting Authority submitted a comprehensive proposal to the Minister of Health, advocating for the inclusion of treatment for gambling-related behavioral disorders in Gesy, Cyprus' healthcare system.
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https://knews.kathimerini.com.cy/en/news/cyprus-government-achieves-significant-debt-reduction-in-2023
The Cyprus government reported that the island nation ended 2023 with a debt of €22.4 billion, constituting around 99% of the Republic of Cyprus' total debt. This marks a notable reduction of €689 million or 3% from the corresponding period in the previous year....
https://knews.kathimerini.com.cy/en/business/cyprus-delays-15-multinational-tax-enforcement
Cyprus has yet to enforce the new EU rules introducing a minimum effective tax rate of 15% for multinational corporations operating within EU member states....
https://knews.kathimerini.com.cy/en/news/cyprus-economy-2024-ktrends-reveals-challenges-and-successes
Delving into the latest findings from the 6th wave of ''Ktrends'' research by ''Kathimerini'' newspaper unveils a multifaceted picture of Cyprus's economic landscape in January 2024. ...
https://knews.kathimerini.com.cy/en/business/ey-cyprus-welcomes-two-new-partners-to-power-growth
EY Cyprus is pleased to announce that its leadership team has been strengthened with the addition of two new partners....
https://knews.kathimerini.com.cy/en/news/eu-unveils-stricter-fiscal-rules-for-member-states
The European Commission has introduced new fiscal rules aimed at promoting growth and financial discipline among member states. The framework, ...
https://knews.kathimerini.com.cy/en/news/cyprus-greece-and-france-halt-funds-for-turkish-drones-in-ukraine
Greece, Cyprus and France reportedly blocked the financing for the supply of Turkish-made Bayraktar drones and artillery shells for Ukraine, which were to be purchased with European funds....
https://knews.kathimerini.com.cy/en/news/trump-fined-$354-9-million-in-new-york-civil-fraud-trial
Former US President Donald Trump faces a hefty fine of $354.9 million (£281.6 million) following a civil fraud trial in New York. Including interest, he must pay at least $453.5 million (£359.9 million).
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https://knews.kathimerini.com.cy/en/news/banks-urged-to-accelerate-loan-restructurings
The governor of the Central Bank has shed light on the strategy for restructuring Non-Performing Loans (NPLs) and navigating credit risk management....
https://knews.kathimerini.com.cy/en/news/netanyahu-s-party-divided-over-us-arab-peace-initiative-for-gaza
Reports of a joint US-Arab peace plan for Gaza, including a "tight timeline" for establishing a Palestinian state, have stirred strong reactions among Israeli Prime Minister Benjamin Netanyahu's far-right allies.
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https://knews.kathimerini.com.cy/en/news/department-faces-2-000-backlogged-refugee-applications-due-to-understaffing
In February 2024, the Service for the Care and Rehabilitation of Displaced Persons (YMAPE) revealed a backlog of 2,000 pending applications, citing understaffing issues. ...
https://knews.kathimerini.com.cy/en/news/sarkozy-sentenced-to-one-year-in-jail-for-illegal-campaign-financing
The Paris appeals court found former French President Nicolas Sarkozy guilty of illegal campaign financing for his failed 2012 re-election bid. The lower court's previous ruling was confirmed....
https://knews.kathimerini.com.cy/en/news/spanish-banks-wary-of-cypriot-student-accounts
The impact of Cyprus being deemed a high-risk destination continues to reverberate even in European Union countries, with remnants of its troubled past lingering....
https://knews.kathimerini.com.cy/en/news/cyprus-takes-the-helm-in-pioneering-anchored-ship-electricity-revolution
In a pioneering initiative set to transform offshore electricity for anchored ships, Cyprus is taking a leading role in the European BlueBARGE project. ...
