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23 July, 2024
 

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Displaying results 1-30 of 408 matches for query financial measures.

1. Market changes, Eurobank's move, and economic struggles

https://knews.kathimerini.com.cy/en/news/market-changes-eurobank-s-move-and-economic-struggles

Bank of Cyprus shares were delisted from the Athens Stock Exchange following the 2013 financial crisis and the turbulent merger with Laiki Bank, including the depositor haircut...

2. CySEC slaps a €200,000 fine on IC Markets (EU) Ltd

https://knews.kathimerini.com.cy/en/business/cysec-slaps-a-€200-000-fine-on-ic-markets-eu-ltd

The Cyprus Securities and Exchange Commission (CySEC) has imposed a €200,000 fine on the Cyprus Investment Firm (CIF), IC Markets (EU) Ltd, for violating leverage rules....

3. Cyprus sets course for cheaper electricity in 2025

https://knews.kathimerini.com.cy/en/news/cyprus-sets-course-for-cheaper-electricity-in-2025

Energy, Commerce, and Industry Minister George Papanastasiou unveiled Cyprus' ambitious plans for the Electricity Authority of Cyprus (EAC) during a press conference in Nicosia on Tuesday. ...

4. Domestic violence cases on the rise in Cyprus

https://knews.kathimerini.com.cy/en/news/domestic-violence-cases-on-the-rise-in-cyprus

Reports of domestic violence in Cyprus have seen a significant rise, with incidents reaching alarming numbers, Justice and Public Order Minister Marios Hartsiotis told a parliamentary committee on Monday....

5. Producers must increase goat and sheep's milk in Halloumi

https://knews.kathimerini.com.cy/en/news/producers-must-increase-goat-and-sheep-s-milk-in-halloumi

Agriculture Minister Maria Panayiotou announced on Saturday a new decree to adjust milk quotas for making Halloumi cheese with Protected Designation of Origin (PDO) status. She also revealed financial support measures for the sector....

6. Temu, Shein & Ali Express: EU cracks down on Chinese imports

https://knews.kathimerini.com.cy/en/news/temu-shein-ali-express-eu-cracks-down-on-chinese-imports

The European Union is taking steps to clamp down on the surge of low-quality Chinese imports flooding its markets. According to sources speaking to the Financial Times, the EU plans to impose tariffs on cheap products from platforms like Temu, Shein, and AliExpress....

7. Banks contribute over €854M in taxes amid controversy over proposed levy

https://knews.kathimerini.com.cy/en/news/banks-contribute-over-€854m-in-taxes-amid-controversy-over-proposed-levy

In the last seven years (2017-2023), Cypriot banks have collectively paid more than €854 million in income tax, special taxes, and VAT, according to a report by Panayiotis Rouglas in last Sunday's Kathimerini....

8. New era in Cyprus local governance begins with 20 new municipalities

https://knews.kathimerini.com.cy/en/news/new-era-in-cyprus-local-governance-begins-with-20-new-municipalities

Cyprus is undergoing a significant local government reform aimed at enhancing service quality, financial and administrative autonomy, and transparency. ...

9. Ministry unveils bold plan to combat illegal waste dumping

https://knews.kathimerini.com.cy/en/news/ministry-unveils-bold-plan-to-combat-illegal-waste-dumping

Minister of Agriculture, Rural Development and Environment, Maria Panayiotou, has announced a multifaceted strategy to combat the island's persistent issue of illegal waste dumping, unveiling the initiative under the banner #wastefreecyprus....

10. Ministry maintains €300 fine for running red lights

https://knews.kathimerini.com.cy/en/news/ministry-maintains-€300-fine-for-running-red-lights

On Thursday, the Minister of Transport, Communications, and Works, Alexis Vafeadis, was briefed on various legislative proposals submitted by parliamentarians....

11. Government extends electricity subsidies amid high temperatures

https://knews.kathimerini.com.cy/en/news/government-extends-electricity-subsidies-amid-high-temperatures

Cyprus will extend electricity subsidies until the end of October to help citizens cope with the high summer temperatures, President Nicos Christodoulides announced after a Cabinet meeting on Tuesday....

12. Ministry takes action against illegal dumping sites fueling fires

https://knews.kathimerini.com.cy/en/news/ministry-takes-action-against-illegal-dumping-sites-fueling-fires

The big fire in Paphos has exposed some major issues: not only were the firefighting resources inadequate, but it also showed the government's long-standing negligence regarding illegal fires. ...

13. CBC chief warns: Tax on big profits could hurt economy

https://knews.kathimerini.com.cy/en/business/cbc-chief-warns-tax-on-big-profits-could-hurt-economy

The new Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, expressed opposition to a windfall profits tax, which is a tax imposed by governments on companies that have experienced unexpectedly large profits,...

14. Israeli settler defies US sanctions, gains community aid to access frozen funds

https://knews.kathimerini.com.cy/en/news/israeli-settler-defies-us-sanctions-gains-community-aid-to-access-frozen-funds

For weeks after being sanctioned by the United States, Yinon Levi struggled to pay the bills, living at his farming outpost atop a hill in the occupied West Bank. But the Israeli settler’s problems didn’t last....

15. Profits soared in Cyprus banking sector in 2023

https://knews.kathimerini.com.cy/en/business/profits-soared-in-cyprus-banking-sector-in-2023

The Cyprus banking sector experienced a significant surge in profitability by the end of 2023, as indicated by key financial indicators from the Central Bank of Cyprus (CBC)....

16. Cyprus wins IMF praise for strong recovery

https://knews.kathimerini.com.cy/en/news/cyprus-wins-imf-praise-for-strong-recovery

The International Monetary Fund (IMF) has praised Cyprus for its robust economic recovery and fiscal discipline, recommending continued efforts......

17. MED9 ministers align on crisis strategies for agriculture

https://knews.kathimerini.com.cy/en/news/med9-ministers-align-on-crisis-strategies-for-agriculture

The Agriculture Ministers of the MED9 group called for enhancement and promotion of crisis measures in the context of the Common Agricultural Policy......

18. EU-Lebanon migration deal sparks fury over alleged pushbacks

https://knews.kathimerini.com.cy/en/news/eu-lebanon-migration-deal-sparks-fury-over-alleged-pushbacks

A recent EU-Lebanon agreement has come under intense scrutiny from NGOs and Members of the European Parliament (MEPs), who decry its ''brutal border control'' measures aimed at facilitating the ''voluntary return'' of Syrian refugees to contested ''safe areas'' in Syria, according to a report by Pavlos Xanthoulis in today's printed edition of Kathimerini....

19. World Bank Tribunal backs Cyprus' 2013 bank measures

https://knews.kathimerini.com.cy/en/news/world-bank-tribunal-backs-cyprus-2013-bank-measures

Cyprus’ Attorney-General, George Savvides said on Thursday that a decision by the International Arbitral Tribunal of the World Bank on the case Theodoros......

20. Combatting money laundering: Insights from Katerina Sikioti Charalambaki

https://knews.kathimerini.com.cy/en/business/combatting-money-laundering-insights-from-katerina-sikioti-charalambaki

Money laundering poses a significant threat to the EU's economy and society, with organized crime generating revenues of at least €139 billion annually, as emphasized by Katerina Sikioti Charalambaki, a professor and lawyer at the High Court of Justice....

21. Almost 253,000 euros in bounced cheques in early 2024

https://knews.kathimerini.com.cy/en/news/almost-253-000-euros-in-bounced-cheques-in-early-2024

Cyprus grapples with a surge in bounced cheques, as revealed by recent data from the Central Bank of Cyprus. The total value of these unreliable transactions skyrocketed to 252,988 euros in the first four months of 2024, marking a concerning trend in financial instability....

22. Cyprus stands with Armenians to preserve rich heritage

https://knews.kathimerini.com.cy/en/news/cyprus-stands-with-armenians-to-preserve-rich-heritage

The Deputy Ministry of Culture always stands by and helps every effort of the Armenians of Cyprus to save their cultural heritage, said the competent Deputy......

23. Cyprus football's new horizon with privately owned stadiums

https://knews.kathimerini.com.cy/en/news/cyprus-football-s-new-horizon-with-privately-owned-stadiums

The era we find ourselves in appears to signify the beginning of significant change in the professional league, reminiscent of historical shifts that brought......

24. Controversy surrounds 17.5-year extension request for Nicosia ring road

https://knews.kathimerini.com.cy/en/news/controversy-surrounds-17-5-year-extension-request-for-nicosia-ring-road

Recent revelations concerning the implementation timelines of significant public works projects have shed light on longstanding challenges within the realm of project execution. ...

25. Cyprus bolsters anti-money laundering arsenal

https://knews.kathimerini.com.cy/en/news/cyprus-bolsters-anti-money-laundering-arsenal

The Cyprus government has reaffirmed its steadfast dedication to upholding international standards in combating money laundering and terrorism financing, as outlined in a press release by the Presidency of the Republic....

26. MP Neofytou proposes €11,000 immediate payout for solidarity fund recipients

https://knews.kathimerini.com.cy/en/news/mp-neofytou-proposes-11-000-immediate-payout-for-solidarity-fund-recipients

Democratic Rally MP Averof Neophytou has unveiled a groundbreaking initiative aimed at alleviating financial burdens for beneficiaries of the Solidarity Fund....

27. EU mulls €400 million boost for Lebanon

https://knews.kathimerini.com.cy/en/news/eu-mulls-€400-million-boost-for-lebanon

As Ursula von der Leyen prepares for her visit to Lebanon on May 2nd, the European Commission is exploring various avenues to provide......

28. Former Central Bank Governor reflects on achievements and future plans

https://knews.kathimerini.com.cy/en/news/former-central-bank-governor-reflects-on-achievements-and-future-plans

In an exclusive interview with Andreas Kimitris of Kathimerini, former Cyprus Central Bank Governor Constantinos Herodotou delved into various aspects of his tenure and the hurdles encountered during his term. ...

29. €17 million worth of grants for big businesses

https://knews.kathimerini.com.cy/en/business/€17-million-worth-of-grants-for-big-businesses

The EU's Recovery and Resilience Plan is charging ahead, with the Department of Energy, Trade, and Industry (DTI) launching a call for applications under the 'Grant Scheme for the Energy Upgrading and Competitiveness of Large Enterprises'....

30. Government unveils ambitious housing strategy, Minister Ioannou reveals

https://knews.kathimerini.com.cy/en/news/government-unveils-ambitious-housing-strategy-minister-ioannou-reveals

The government has set the people and their servicing without undue inconvenience at the core of its policies, Minister of the Interior Constantinos Ioannou said on Tuesday, adding the Ministry is working on issuing of public documents the Civil Registry Department. ...

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