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12° Nicosia,
15 August, 2022
 

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Displaying results 1-30 of 54 matches for query finances.

1. Russia sending money to Turkey for the $20 Billion Akuyo nuclear plant

https://knews.kathimerini.com.cy/en/news/russia-sending-money-to-turkey-for-the-$20-billion-akuyo-nuclear-plant

A Russian state-owned company is transferring money to a subsidiary that’s building a $20 billion nuclear power plant on Turkey’s Mediterranean coast, alleviating concerns the project could be delayed by war sanctions....

2. SBA Police probe corrupt official in pizzo case

https://knews.kathimerini.com.cy/en/news/sba-police-probe-corrupt-official-in-pizzo-case

A local man working for the Sovereign Base Areas in Cyprus is facing corruption charges, where he is being accused of receiving money from businesses in order to turn a blind eye on violations...

3. Sri Lankan president flees country amid devastating economic crisis

https://knews.kathimerini.com.cy/en/news/sri-lankan-president-flees-country-amid-devastating-economic-crisis

Sri Lankan President Gotabaya Rajapaksa fled the country on Wednesday and hundreds of protesters stormed the prime minister's office demanding his ouster, as a people's uprising over a devastating economic crisis overwhelmed security forces....

4. Russia defaults on foreign debt for the first time since 1918

https://knews.kathimerini.com.cy/en/news/russia-defaults-on-foreign-debt-for-the-first-time-since-1918

Russia has defaulted on its foreign debt for the first time in more than a century as the country can't pay creditors due to sanctions over the war in Ukraine, according to media reports. ...

5. The end of an era as Revlon files for bankruptcy

https://knews.kathimerini.com.cy/en/business/the-end-of-an-era-as-revlon-files-for-bankruptcy

The US cosmetics group Revlon has filed for bankruptcy protection after battling supply chain problems and failing to compete with celebrity-backed and social media-savvy upstarts....

6. Op-ed: The dilemmas of war and pandemic

https://knews.kathimerini.com.cy/en/news/op-ed-the-dilemmas-of-war-and-pandemic

Cyprus is a small country with a large export sector of services, which makes it vulnerable to its external environment. An external shock is felt faster and more intensely. ...

7. Petrides: 'Things will be difficult in the coming years'

https://knews.kathimerini.com.cy/en/news/petrides-things-will-be-difficult-in-the-coming-years

The government will continue supporting households, especially the vulnerable, amid rising inflation, Finance Minister Constantinos Petrides said, warning that tackling inflation is difficult due to its structural nature amid the Ukrainian crisis....

8. Ukraine war: US involvement is payback for 2016 US elections

https://knews.kathimerini.com.cy/en/news/ukraine-war-us-involvement-is-payback-for-2016-us-elections

Fox News host Tucker Carlson suggested this week that the US government's involvement in Ukraine is aimed at deposing Russian leader Vladimir Putin and is meant as "payback for the 2016 election."...

9. Op-ed: Inflation welcomes 'Generation Z'

https://knews.kathimerini.com.cy/en/news/op-ed-inflation-welcomes-generation-z

Inflation is the rate at which prices rise, which means that we need more money to buy the same product or service. Consequently, if your salary stays the same, then your purchasing power will decrease, as you will be able to buy fewer goods and services....

10. Cyprus is losing its Russians, confronting existential questions about its economy

https://knews.kathimerini.com.cy/en/news/cyprus-is-losing-its-russians-confronting-existential-questions-about-its-economy

For decades, Cyprus built an economy that courted Russians — Russian tourists, Russian investors, Russian oligarchs. ...

11. 'Anonymous' group takes down three Russian news websites after attacking Kremlin-backed channel RT

https://knews.kathimerini.com.cy/en/news/anonymous-group-takes-down-three-russian-news-websites-after-attacking-kremlin-backed-channel-rt

Anonymous collective have taken down three Russian news agency websites after attacking Kremlin-backed channel RT....

12. EU poised to announce wide-ranging sanctions against Russia over Ukraine

https://knews.kathimerini.com.cy/en/news/eu-poised-to-announce-wide-ranging-sanctions-against-russia-over-ukraine

Russia’s defense minister, Sergei Shoigu, the commanders-in-chief of the Russian air force and the Black Sea fleet, leading state “propagandists” and 351 Duma deputies are expected to be targeted in EU sanctions announced on Wednesday....

13. Cyprus scores low on public sector corruption

https://knews.kathimerini.com.cy/en/news/cyprus-scores-low-on-public-sector-corruption

The Republic of Cyprus was at a historic low in terms of perceived levels of corruption in the public sector, according to figures released this week by Transparency International...

14. Cyprus economy grew by 5.7% in 2021 according to Eurostat

https://knews.kathimerini.com.cy/en/business/cyprus-economy-grew-by-5-7-in-2021-according-to-eurostat

The continued high rate of growth in the fourth quarter of 2021 confirms the resilience and dynamism showed by the Cypriot economy and the soundness of our policies, boosting expectations for further growth in 2022, Finance Minister Constantinos Petrides said on Tuesday....

15. Dubai ruler must pay ex-wife $700M in divorce settlement

https://knews.kathimerini.com.cy/en/news/dubai-ruler-must-pay-ex-wife-$700m-in-divorce-settlement

A British court on Tuesday ordered the ruler of Dubai to pay his ex-wife and their children close to 550 million pounds ($730 million), in one of the most expensive divorce settlements in British history....

16. Parliamentary Committee report on state budget 2022 sees significant uncertainties due to pandemic

https://knews.kathimerini.com.cy/en/business/parliamentary-committee-report-on-state-budget-2022-sees-significant-uncertainties-due-to-pandemic

A report by the Parliamentary Committee of Financial and Budgetary Affairs on the State Budget for 2022 ahead of the plenary debate and vote this week, stresses the significant uncertainties affecting the projections upon which the budget is based....

17. Cyprus to proceed with a tax reform in 2022

https://knews.kathimerini.com.cy/en/news/cyprus-to-proceed-with-a-tax-reform-in-2022

Cyprus will proceed with a tax reform next year, including the increase of corporate income tax and the introduction of green taxation with a view to achieving its environmental targets, Finance Minister Constantinos Petrides has said....

18. End of an era: Merkel bows out after 16 years

https://knews.kathimerini.com.cy/en/news/end-of-an-era-germany-s-merkel-bows-out-after-16-years

Angela Merkel was assured of a place in the history books as soon as she became Germany’s first female chancellor on Nov. 22, 2005...

19. Reduction of electricity VAT from 19% to 9%

https://knews.kathimerini.com.cy/en/news/vat-reduction

Finance Minister Constantinos Petrides said on Thursday that the Government has notified the EU’s VAT Committee over its intention to reduce VAT on household electricity bills from 19% to 9%...

20. Averoff: 'We will give what we can to the vulnerable child - We are not racists'

https://knews.kathimerini.com.cy/en/news/averoff-we-will-give-what-we-can-to-the-vulnerable-child-we-are-not-racists

No one else wants a solution to the Cyprus problem more than we do, according to DISY President Averof Neophytou,...

21. Council of Europe: Government in Cyprus ‘too centralized’

https://knews.kathimerini.com.cy/en/news/cyprus-too-centralized

Cyprus remains a “very centralized country”, according to a report from the Associated Press. ...

22. Greece popular with expats

https://knews.kathimerini.com.cy/en/life/greece-popular-with-expats

Greece is rapidly evolving into a preferred destination for people wishing to live and work away from home, as the country is rising on the global list drafted by international bank HSBC....

23. Health Insurance Organization targeting abuses in GESY system

https://knews.kathimerini.com.cy/en/news/health-insurance-organization-targeting-abuses-in-gesy-system

The phenomena of abuses of the General Health System (GESS) that have emerged since its application, is one of the serious issues that concern the Health Insurance Organization (OAY)....

24. Global CEO confidence returns to pre-pandemic levels

https://knews.kathimerini.com.cy/en/business/global-ceo-confidence-returns-to-pre-pandemic-levels

CEOs of the world’s largest businesses are increasingly optimistic about the outlook for their own business and despite the Delta variant slowing down the ‘return to normal’, their confidence in the global economy has returned to levels not seen since the start of the pandemic....

25. FinMin: Cyprus to reduce debt once pandemic normalises

https://knews.kathimerini.com.cy/en/news/cyprus-to-reduce-debt-once-pandemic-normalises-finmin-says

Cyprus Minister of Finance Constantinos Petrides told the Cyprus News Agency that the government will begin reducing public debt, increased due to strategic cash reserves, once the pandemic begins to normalise....

26. Anastasiades takes the stand in passports probe

https://knews.kathimerini.com.cy/en/news/anastasiades-takes-the-stand-in-passports-probe

Cyprus’ citizenship by investment scheme will not be revived but other incentives will be given to attract investments, excluding citizenship, President Nicos Anastasiades said on Tuesday, following a 3-hour-long testimony before the investigative committee probing Cyprus’ nixed citizenship-by-investment scheme....

27. EAC crucial to Cyprus' energy reform, energy minister says

https://knews.kathimerini.com.cy/en/news/eac-crucial-to-cyprus-energy-reform-energy-minister-says

The role of the Electricity Authority Cyprus is crucial to both the implementation of the energy reform in Cyprus and the joint effort for sustainable economic development, which must now be interconnected with green energy, energy minister Natasa Pilides said, addressing an online press conference during which the EAC presented its annual report for 2019. ...

28. Special needs home has close call with fire

https://knews.kathimerini.com.cy/en/news/special-needs-home-has-close-call-with-fire

Thirteen people were evacuated on Tuesday during a fire at a special needs residential facility in Larnaca, with officials saying a slight delay from first responders could have been deadly...

29. Cyprus enjoys strong growth prospects but contingent liabilities remain

https://knews.kathimerini.com.cy/en/business/cyprus-enjoys-strong-growth-prospects-but-contingent-liabilities-remain

Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs, as well as weaker external conditions, pose risks to the fiscal outlook, Scope rating agency said in commentary on Cyprus....

30. Interior Minister says all have a duty to preserve Cyprus’ hard-fought reputation

https://knews.kathimerini.com.cy/en/news/interior-minister-says-all-have-a-duty-to-preserve-cyprus-hard-fought-reputation

We all have a duty to preserve Cyprus’ good name, Interior Minister Constantinos Petrides said on Thursday, adding that it took a lot of effort to reinstate the country’s fame under adverse circumstances....

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