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12° Nicosia,
06 July, 2025
 

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Displaying results 61-90 of 603 matches for query financial risk.

61. Struggling families at risk of losing homes on government-granted land

https://knews.kathimerini.com.cy/en/news/struggling-families-at-risk-of-losing-homes-on-government-granted-land

Low-income households that received state-owned land to build their first homes now face the real threat of losing their properties to lenders, according to a damning report by the Audit Office of the Republic of Cyprus....

62. USAID shutdown leaves Cyprus-based employees in uncertainty

https://knews.kathimerini.com.cy/en/news/usaid-shutdown-leaves-cyprus-based-employees-in-uncertainty

The Trump administration’s abrupt decision to shut down the U.S. Agency for International Development (USAID) has left many of its global employees, including those stationed in Cyprus, in limbo....

63. Audit office wants big changes to land program for low-income families

https://knews.kathimerini.com.cy/en/news/audit-office-wants-big-changes-to-land-program-for-low-income-families

The Audit Office has called for a major revision of the Land Allocation Plan for low-income families....

64. No relief in sight as electricity prices to remain high until 2027

https://knews.kathimerini.com.cy/en/news/no-relief-in-sight-as-electricity-prices-to-remain-high-until-2027

Electricity prices in Cyprus are expected to remain elevated for the next two years, according to the chairman of the EAC....

65. Millions spent, little progress: How Government failures derailed the Paphos-Polis road project

https://knews.kathimerini.com.cy/en/business/millions-spent-little-progress-how-government-failures-derailed-the-paphos-polis-road-project

The Paphos-Polis Chrysochous road project has become a financial and legal mess, with millions already spent but little to show for it. Delays, contract disputes, and a legal loophole are holding up the project’s completion,...

66. Consulco's newest investment opportunity, Compartment C

https://knews.kathimerini.com.cy/en/news/1-consulco-s-newest-investment-opportunity-compartment-c

Consulco, a leading specialist investment manager with a distinguished 30-year history, proudly announces the launch of Compartment C of the LC London Credit AIF V.C.I.C. Public Ltd (“the London Credit Fund”). ...

67. New garbage tax could mean higher costs for citizens

https://knews.kathimerini.com.cy/en/news/new-garbage-tax-could-mean-higher-costs-for-citizens

Cypriot citizens may soon face higher waste disposal costs as a new bill proposes an additional municipal waste landfill tax, adding financial pressure on households already grappling with rising living expenses....

68. €8 million and counting as Crete-Cyprus interconnector delays pile up

https://knews.kathimerini.com.cy/en/news/€8-million-and-counting-as-crete-cyprus-interconnector-delays-pile-up

The long-awaited electricity interconnection between Crete and Cyprus is facing mounting financial pressure, with delays already adding at least €8 million in extra costs....

69. Consulco's newest investment opportunity, Compartment C

https://knews.kathimerini.com.cy/en/news/consulco-s-newest-investment-opportunity-compartment-c

Consulco, a leading specialist investment manager with a distinguished 30-year history, proudly announces the launch of Compartment C of the LC London Credit AIF V.C.I.C. Public Ltd (''the London Credit Fund''). ...

70. How Abramovich evaded millions in taxes using Cyprus

https://knews.kathimerini.com.cy/en/news/how-abramovich-evaded-millions-in-taxes-using-cyprus

A massive tax evasion scheme tied to Roman Abramovich’s superyachts has been uncovered, shedding light on how the Russian billionaire exploited Cyprus’ offshore business environment. Leaked documents reveal that from 2005 to 2012, Abramovich’s companies set up a fake yacht-leasing business in Cyprus to dodge EU taxes on his luxury vessels....

71. It was a low bar

https://knews.kathimerini.com.cy/en/comment/opinion/it-was-a-low-bar

The Housing Grant Scheme for young couples and individuals up to 41 years of age was launched on 31 October 2024, with a target of 400 beneficiary applications and a total budget of €15 million. ...

72. Greek companies dominate Cyprus market with expanding investments

https://knews.kathimerini.com.cy/en/business/greek-companies-dominate-cyprus-market-with-expanding-investments

In recent years, a wave of Greek companies has been making significant strides in Cyprus, investing across various sectors and expanding their reach....

73. Trump’s tariff plans could hurt Cyprus’ economy

https://knews.kathimerini.com.cy/en/news/trump-s-tariff-plans-could-hurt-cyprus-economy

The looming inauguration of U.S. President-elect Donald Trump has stirred concern across the Eurozone, and Cyprus is no exception....

74. Nurses took on second jobs and covered for each other

https://knews.kathimerini.com.cy/en/news/nurses-took-on-second-jobs-and-covered-for-eachother

During Thursday's meeting of the Parliamentary Audit Committee, a finding that troubled attendees arose during discussions about the Audit Office's report on the central administration of the State Health Services Organization (SHSO)....

75. Top Cyprus football clubs face big tax bills, risking legal trouble

https://knews.kathimerini.com.cy/en/news/top-cyprus-football-clubs-face-big-tax-bills-risking-legal-trouble

Football clubs in Cyprus are facing mounting pressure from the Tax Department to settle their overdue debts. ...

76. Why are Cypriot businesses being sold off to foreign interests?

https://knews.kathimerini.com.cy/en/comment/opinion/why-are-cypriot-businesses-being-sold-off-to-foreign-interests

Greek businesses have made a significant impact on the Cypriot market, investing across virtually every sector—from real estate and hospitals to supermarkets, toy stores, energy, electronics, car dealerships, and even banks....

77. Cyprus banks see €1 billion in profits as NPL's decline in 2024

https://knews.kathimerini.com.cy/en/news/cyprus-banks-see-€1-billion-in-profits-as-npl-s-decline-in-2024

Cypriot banks reported impressive financial growth in the first nine months of 2024, with total profits reaching €952.5 million after taxes, a sharp rise from €602.92 million by mid-year. ...

78. US sanctions hit two Cyprus-based companies

https://knews.kathimerini.com.cy/en/news/us-sanctions-hit-two-cyprus-based-companies

In the latest wave of sanctions targeting entities aiding Russia’s war on Ukraine, two Cyprus-based companies have found themselves under the spotlight, further deepening the political tension surrounding the ongoing conflict....

79. Cypriot company scammed out of $81K in online fraud

https://knews.kathimerini.com.cy/en/news/cypriot-company-scammed-out-of-$81k-in-online-fraud

A Cypriot company based in Limassol has fallen victim to an online scam, losing over $81,000 worth of goods in a sophisticated fraud scheme....

80. AI to shake up banking putting thousands of jobs at risk

https://knews.kathimerini.com.cy/en/news/1-ai-to-shake-up-banking-putting-thousands-of-jobs-at-risk

The global banking industry is bracing for a seismic shift as artificial intelligence (AI) continues to revolutionize the sector. A recent study by Bloomberg Intelligence predicts that up to 200,000 jobs in banking will be eliminated over the next three to five years as AI takes over tasks currently performed by employees....

81. The 'dragon' threatens citrus and exports

https://knews.kathimerini.com.cy/en/business/the-dragon-threatens-citrus-and-exports

The Ministry of Agriculture, Rural Development, and Environment is requesting the support of local authorities to prevent the destruction of the island’s citrus crops....

82. Investor scammed out of $58,000 in cryptocurrency fraud

https://knews.kathimerini.com.cy/en/business/investor-scammed-out-of-$58-000-in-cryptocurrency-fraud

The promise of easy profits through online investments lured a 50-year-old man into a sophisticated cryptocurrency scam, resulting in the loss of $58,000....

83. How the European Artificial Intelligence (AI) Act will transform Auditing and Financial Reporting and the crucial role of the external auditor

https://knews.kathimerini.com.cy/en/business/how-the-european-artificial-intelligence-ai-act-will-transform-auditing-and-financial-reporting-and-the-crucial-role-of-the-external-auditor

The European Union took a bold step in August 2024 by adopting the AI Act, a landmark regulation designed to ensure that Artificial Intelligence systems are safe, ethical, and transparent. ...

84. Cyprus & Greece Market Overview: 2023-2024 and Projections for 2025 and Beyond

https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-greece-market-overview-2023-2024-and-projections-for-2025-and-beyond

The market underwent significant changes from mid-2023 onwards due to several global and regional factors....

85. Cyprus risks losing grip on 'interconnector' amid French power move

https://knews.kathimerini.com.cy/en/business/cyprus-risks-losing-grip-on-interconnector-amid-french-power-move

A reported agreement between Greece’s ADMIE and French investment fund Meridiam could alter the energy landscape of the Eastern Mediterranean, especially for Cyprus....

86. Banks under fire: How public pressure forced a shake-up

https://knews.kathimerini.com.cy/en/news/banks-under-fire-how-public-pressure-forced-a-shake-up

Over the past decade, Cypriot banks have paid over €500 million to the state through a special levy known as the ''double tax.''...

87. Meta slammed with €250 million fine for Facebook data breach

https://knews.kathimerini.com.cy/en/news/meta-slammed-with-€250-million-fine-for-facebook-data-breach

Meta, the parent company of Facebook, has been hit with a hefty fine of over €250 million (approximately £206 million) by the Irish Data Protection Commission (DPC) due to a significant data breach....

88. Concerns from the EIB regarding the electric cable project

https://knews.kathimerini.com.cy/en/business/concerns-from-the-eib-regarding-the-electric-cable-project

Critical questions surrounding the electrical interconnection of Cyprus with the European electricity network through Greece have been raised in a letter from the Chamber of Engineers (ETEK) to the Ministry of Energy....

89. Tariffs, reforms, and rate cuts: 2025’s economic balancing act

https://knews.kathimerini.com.cy/en/business/tariffs-reforms-and-rate-cuts-2025-s-economic-balancing-act

As we look ahead to 2025, experts at UBS are forecasting steady global economic growth, but not without a few bumps along the way....

90. Hungarian women held over €58.5M property case

https://knews.kathimerini.com.cy/en/business/hungarian-women-held-over-€58-5m-property-case

Two women, aged 61 and 53, are facing serious charges tied to the alleged illegal sale of Greek Cypriot properties worth €58.5 million in the occupied areas of Akanthos, Ayios Ambrosios, and Kalograia. ...

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