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12° Nicosia,
27 June, 2022
 

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Displaying results 1-30 of 184 matches for query financial measures.

1. Europe must be prepared for total Russian gas cut-off this winter

https://knews.kathimerini.com.cy/en/news/europe-must-be-prepared-for-total-russian-gas-cut-off-this-winter

The International Energy Agency has warned that Europe must prepare immediately for the complete severance of Russian gas exports this winter, urging governments to take measures to cut demand and keep aging nuclear power stations open....

2. 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. ...

3. The 15 branches of Bank of Cyprus that are closing

https://knews.kathimerini.com.cy/en/business/the-15-branches-of-bank-of-cyprus-that-are-closing

The restructuring plan will go ahead by July 4 - There will be 60 left while it will also reduce ATMs...

4. Myth-buster: IFRS 17 an accounting standard for insurance contracts

https://knews.kathimerini.com.cy/en/business/myth-buster-ifrs-17-an-accounting-standard-for-insurance-contracts

As the title attests, this short article aims at busting the myth which states that IFRS 17 – Insurance Contracts is only relevant for insurers or for companies regulated as insurance entities. ...

5. Op-ed: Why are we all working so hard?

https://knews.kathimerini.com.cy/en/news/op-ed-why-are-we-all-working-so-hard

The idea that technology can liberate us from the drudgery of work is a powerful one. It has also been a powerful disappointment, at least so far....

6. Cyprus objects to airport designation in Turkish-occupied north

https://knews.kathimerini.com.cy/en/news/cyprus-objects-to-airport-designation-in-turkish-occupied-north

Cyprus will lodge a complaint with the United Nations over Turkey’s new financial assistance deal with breakaway Turkish Cypriots that demonstrates Ankara’s “complete control” over them, the president of the ethnically divided island nation said Monday....

7. Europe agrees to ban 90% of Russian oil

https://knews.kathimerini.com.cy/en/news/europe-agrees-to-ban-90-of-russian-oil

European Union leaders agreed Monday to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow worked out at a summit focused on helping Ukraine with a long-delayed package of new financial support....

8. 103 million euros in support measures for vulnerable households

https://knews.kathimerini.com.cy/en/news/103-million-euros-in-support-measures-for-vulnerable-households

Cyprus’ government announced a new package of financial support measures for vulnerable groups of the population, to the tune of 103 million euros on Friday, to offset the impact of inflation and the war in Ukraine....

9. CBC: Cryptocurrencies are a potential risk to the economy

https://knews.kathimerini.com.cy/en/business/cbc-cryptocurrencies-are-a-potential-risk-to-the-economy

Losing 26% of its value in the last month, Bitcoin and other cryptocurrencies are in danger of dragging the "real economy" with their unpredictable fluctuations....

10. Cyprus prepares action plan for Monkeypox

https://knews.kathimerini.com.cy/en/news/cyprus-prepares-action-plan-for-monkeypox

Health authorities are drafting a response plan for a possible outbreak of monkeypox in Cyprus, including a vaccination rollout....

11. Lebanese banks in Cyprus to shut down amid the country's financial crisis

https://knews.kathimerini.com.cy/en/business/lebanese-banks-in-cyprus-to-shut-down-amid-the-country-s-financial-crisis

Branches of Lebanese banks operating in Cyprus will shut down following a decision by the country’s Central Bank. A Central Bank of Cyprus (CBC) official has confirmed to CNA the decision taken by the country’s banking regulator....

12. EU official calls on Cyprus to implement recovery plan or lose funding

https://knews.kathimerini.com.cy/en/news/eu-official-calls-on-cyprus-to-implement-recovery-plan-or-lose-funding

A European Commission official on Monday urged the Cypriot authorities to proceed with the implementation of Cyprus’ National Recover and Resilience plan, warning that Cyprus risks losing EU funds in case of new delays....

13. Spread of COVID baffles locked-down Shanghai residents

https://knews.kathimerini.com.cy/en/news/spread-of-covid-baffles-locked-down-shanghai-residents

The cases underscore how difficult it is to stop the spread of the highly transmissible Omicron variant as China clings to its zero-COVID policy, perpetuating a cycle of lockdowns, as well as bafflement, anguish and anger....

14. Cyprus' RCB Bank and its Kremlin ties

https://knews.kathimerini.com.cy/en/news/cyprus-rcb-bank-and-its-kremlin-ties

On March 24, Cyprus’s fourth-largest bank announced it would wind down its banking operations in the wake of the “volatile geopolitical situation” caused by Russia’s invasion of Ukraine a month earlier....

15. EU to propose import ban on all Russian oil

https://knews.kathimerini.com.cy/en/news/eu-to-propose-import-ban-on-all-russian-oil

Brussels will propose a phased-in ban on imports of all Russian oil as member states prepare to discuss a sixth package of penalties against Moscow for its invasion of Ukraine....

16. K. Treppides & Co Ltd: Pillar Two on a Global Minimum Taxation

https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-pillar-two-on-a-global-minimum-taxation

On 22 December 2021, the European Commission proposed a Directive on the introduction of a minimum effective corporate tax rate of 15% on large multinational enterprise (MNE) groups operating in the European Union (EU)....

17. K. Treppides & Co Ltd: Letting your property in Cyprus through online platforms (e.g. Airbnb)?

https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-letting-your-property-in-cyprus-through-online-platforms-e-g-airbnb

The economy of Cyprus is largely dependent on tourism, and this is evident from the fact that government revenues from tourism accounted for over 12% of Cyprus GDP in year 2019 (in accordance with publicly available statistics extracted pre Covid-19 pandemic). ...

18. K. Treppides & Co Ltd: Cryptocurrency - Having your regulated firm able to trade in cryptocurrency

https://knews.kathimerini.com.cy/en/business/cryptocurrency-having-your-regulated-firm-able-to-trade-in-cryptocurrency

Decentralized digital currency era began in 2008 by an unknown person named Satoshi Nakamoto which invented Bitcoin, the very first cryptocurrency. ...

19. Euler Hermes is now Allianz Trade

https://knews.kathimerini.com.cy/en/business/euler-hermes-is-now-allianz-trade

Todaymarks a new chapter in our story: Euler Hermes, the world leader in trade credit insurance, becomes Allianz Trade – a natural moveas we have been fully part of the Allianz Group since 2018...

20. Bucha atrocities bring about fresh sanctions and deportations

https://knews.kathimerini.com.cy/en/news/bucha-atrocities-bring-about-fresh-sanctions-and-deportations

Following the revelations about the atrocities against civilians that took place in Bucha and other areas near Kyiv, the EU is preparing fresh sanctions against Russia to "hit them where it hurts". ...

21. Lagarde: Cyprus will be affected by inflation and rising energy costs

https://knews.kathimerini.com.cy/en/news/lagarde-cyprus-will-be-affected-by-inflation-and-rising-energy-costs

Cyprus will be affected by inflationary pressures and higher energy costs due to its dependence on oil imports for electricity generation, according to European Central Bank President Christine Lagarde....

22. €12.9 million in revenue collected from gambling sector in 2021

https://knews.kathimerini.com.cy/en/news/€12-9-million-in-revenue-collected-from-gambling-sector-in-2021

The betting sector in Cyprus has rebounded, reaching pre-COVID-19 levels in the fourth quarter of 2021, according to financial data released by the National Betting Authority (NBA) on Tuesday....

23. Russia to bar entry for people from growing list of 'unfriendly' nations

https://knews.kathimerini.com.cy/en/news/russia-to-bar-entry-for-people-from-growing-list-of-unfriendly-nations

Russia said on Monday it was preparing to restrict entry into Russia for nationals of "unfriendly" countries, which include Britain, all European Union states and the United States. ...

24. Nicosia roundtable calls on Cyprus to reexamine sanctions

https://knews.kathimerini.com.cy/en/news/nicosia-roundtable-calls-on-cyprus-to-reexamine-sanctions

Leaders from the Russian business community in the Republic of Cyprus are calling on the government to reexamine sanctions in the wake of the war in Ukraine, saying the measures were hurting the island nation...

25. Shanghai facing biggest lockdown in 2 years

https://knews.kathimerini.com.cy/en/news/shanghai-facing-biggest-lockdown-in-2-years

Shanghai, the Chinese financial capital of 25 million people, is facing the worst outbreak of covid-19 cases in two years and entering a two-phase lockdown....

26. Ministry of Foreign Affairs: 700 'protection' applications submitted by Ukrainian refugees in Cyprus

https://knews.kathimerini.com.cy/en/news/ministry-of-foreign-affairs-700-protection-applications-submitted-by-ukrainian-refugees-in-cyprus

About 700 refugees from Ukraine have applied for sanctuary in Cyprus, according to Minister of Interior Nicos Nouris. The Ministry of Interior has begun issuing residency cards for the applicants which will allow them to apply for work, avail of medical services, and procure housing and food....

27. Consulco hosted the digital event ''UK Economy and Real Estate Outlook''

https://knews.kathimerini.com.cy/en/business/consulco-hosted-the-digital-event-uk-economy-and-real-estate-outlook

Consulco has successfully hosted the UK Economy and Real Estate Outlook event, along with four leading organization that have provided insights on the pressures the UK is facing today and their impact on key property markets. ...

28. Where have wealthy Russians disappeared to?

https://knews.kathimerini.com.cy/en/news/where-have-wealthy-russians-disappeared-to

It stretches into the Persian Gulf from Dubai. The man-made archipelago in the shape of a huge palm tree is full of luxury hotels, apartments and villas....

29. Loss of 1.5% to 2% of Cypriot GDP due to a ban on Russian flights

https://knews.kathimerini.com.cy/en/news/loss-of-1-5-to-2-of-cypriot-gdp-due-to-a-ban-on-russian-flights

Cyprus could lose 1.5% to 2% of its growth rate this year if the Cypriot airspace (under EU sanctions) to Russia remains closed for the whole of 2022, estimates the rating agency DBRS Morningstar, noting that despite the negative impact, the war in Ukraine will not derail the medium-term prospects of the Cypriot economy....

30. Versailles Summit: EU to boost military support to Kyiv, mulling new sanctions

https://knews.kathimerini.com.cy/en/news/versailles-summit-eu-to-boost-military-support-to-kyiv-mulling-new-sanctions

European Union leaders said on Friday they will continue applying pressure on Russia by devising a new set of sanctions to punish Moscow for its invasion of Ukraine while stepping up military support for Kyiv....

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