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12° Nicosia,
12 July, 2025
 

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Displaying results 1-30 of 2789 matches for query financial.

1. Six freed on bail, one remains jailed in convicted felon-socialite case

https://knews.kathimerini.com.cy/en/news/six-freed-on-bail-one-remains-jailed-in-convicted-felon-socialite-case

The curtain is lifting on what prosecutors allege is a carefully orchestrated criminal ring, with trial proceedings for seven accused individuals set to begin at 9:00 a.m. on October 3, 2025....

2. Deposit rates fall for households and businesses, while mortgage rates climb

https://knews.kathimerini.com.cy/en/business/deposit-rates-fall-for-households-and-businesses-while-mortgage-rates-climb

Average interest rates on deposits from households and businesses in Cyprus declined in May compared to April, while average mortgage rates edged higher, according to data released Thursday by the Central Bank of Cyprus....

3. Gen Z wants more than just a paycheck, and they're not wrong

https://knews.kathimerini.com.cy/en/comment/opinion/gen-z-wants-more-than-just-a-paycheck-and-they-re-not-wrong

Young people these days don’t put up with much, and frankly, good for them....

4. Cyprus taps U.S. and EU defense funds to strengthen military

https://knews.kathimerini.com.cy/en/news/cyprus-taps-u-s-and-eu-defense-funds-to-strengthen-military

Cyprus is taking steps to strengthen its military capabilities with help from both the European Union and the United States, government officials announced on Wednesday, marking another sign of deepening strategic ties between Nicosia and Washington....

5. Former director of Pattihio Theatre sentenced to 5.5 years for misappropriating €234,550

https://knews.kathimerini.com.cy/en/news/former-director-of-pattihio-theatre-sentenced-to-5-5-years-for-misappropriating-€234-550

The Limassol Criminal Court has sentenced the former director of the Pattihio Municipal Theatre to 5.5 years in prison for theft by an employee and money laundering....

6. Rotterdam Port prepares for NATO shipments as Europe anticipates potential conflict with Russia

https://knews.kathimerini.com.cy/en/news/rotterdam-port-prepares-for-nato-shipments-as-europe-anticipates-potential-conflict-with-russia

As NATO braces for the possibility of a large-scale war with Russia within the next five years, Europe’s largest port is transforming itself into a strategic military logistics hub....

7. Rotterdam Port prepares to host NATO forces in case of conflict with Russia

https://knews.kathimerini.com.cy/en/news/rotterdam-port-prepares-to-host-nato-forces-in-case-of-conflict-with-russia

Europe’s largest port is quietly preparing for a future that may include war....

8. Scammers pose as clients and bank officials to dupe Nicosia businessman out of €14,500

https://knews.kathimerini.com.cy/en/business/scammers-pose-as-clients-and-bank-officials-to-dupe-nicosia-businessman-out-of-€14-500

A 57-year-old businessman in Nicosia was scammed out of €14,500 after falling victim to a sophisticated phone fraud scheme, police said Tuesday....

9. Cyprus considers electricity bill surcharge to fund €25 million energy project payment

https://knews.kathimerini.com.cy/en/business/cyprus-considers-electricity-bill-surcharge-to-fund-€25-million-energy-project-payment

Cyprus is preparing to impose a temporary surcharge on electricity bills to fund a €25 million payment requested by Greece’s Independent Power Transmission Operator (ADMIE) for the Cyprus-Greece electricity interconnection project, energy officials told Parliament on Tuesday....

10. Fidias interviewed Tatar, and I’m glad he did

https://knews.kathimerini.com.cy/en/comment/opinion/fidias-interviewed-tatar-and-i-m-glad-he-did

What’s all the hullabaloo about? That’s what I found myself asking after watching MEP Fidias Panayiotou’s interview with Turkish Cypriot leader Ersin Tatar. In my view, it was a fascinating, necessary, and, yes, bold move. But apparently, not everyone agrees....

11. Cyprus pressured to pay for stalled power cable project

https://knews.kathimerini.com.cy/en/news/cyprus-pressured-to-pay-for-stalled-power-cable-project

Cyprus is under growing pressure from both Greece and Brussels to commit funds to the delayed Cyprus-Crete electricity cable project, despite serious concerns over its viability and geopolitical risks in the region....

12. A year later, officials still haven’t implemented law to cut traffic camera fines

https://knews.kathimerini.com.cy/en/news/a-year-later-officials-still-hasn-t-implemented-law-to-cut-traffic-camera-fines

A year after Parliament passed a law to lower traffic fines in photo-enforced zones, drivers are still being slapped with the full €300 penalty, despite legislation reducing it to €85....

13. Ex-speaker says President OK’d his role in golden passport scheme

https://knews.kathimerini.com.cy/en/news/1-ex-speaker-says-president-ok-d-his-role-in-golden-passport-scheme

In the ongoing saga of the golden passport scandal that rocked Cyprus’ reputation, a surprise document presented in court on Thursday added fresh intrigue to the high-profile criminal trial of former House Speaker Dimitris Syllouris....

14. Denmark kicks off EU presidency with tough talk on migration

https://knews.kathimerini.com.cy/en/news/denmark-kicks-off-eu-presidency-with-tough-talk-on-migration

Denmark officially launched its six-month presidency of the Council of the European Union this week, with a firm focus on tightening migration controls, boosting European defense, and strengthening economic competitiveness....

15. High-society scandal deepens with 63 more in the frame

https://knews.kathimerini.com.cy/en/news/high-society-scandal-deepens-with-63-more-in-the-frame

What started as a story of a glamorous socialite entangled with a well-known convict has now snowballed into one of the country’s most talked-about crime sagas, with another 63 people now on the police radar, bringing the total number of individuals linked to the case to over 100....

16. June Newsletter of K. Treppides & Co Ltd – 27/06/2025

https://knews.kathimerini.com.cy/en/business/june-newsletter-of-k-treppides-co-ltd-–-26-06-2025

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

17. EU pressures Cyprus over stalled power cable project

https://knews.kathimerini.com.cy/en/business/eu-pressures-cyprus-over-stalled-power-cable-project

The European Commission is stepping up pressure on Cyprus to approve cost recovery measures for the stalled Great Sea Interconnector (GSI) electricity cable, amid mounting tensions between Nicosia and Athens over the ambitious but delayed project....

18. Bank of Cyprus sheds €2.5B in real estate, marks biggest property sale in island’s history

https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-sheds-€2-5b-in-real-estate-marks-biggest-property-sale-in-island-s-history

The Bank of Cyprus has officially sold off more than €2.5 billion worth of real estate, over 5,100 properties, through its Real Estate Management Unit (REMU), marking a major milestone in clearing long-standing burdens from its balance sheet, according to Kathimerini's Panayiotis Rougalas....

19. Cyprus wasted a sunny day’s worth of solar power, and burned fuel instead

https://knews.kathimerini.com.cy/en/news/cyprus-wasted-a-sunny-day-s-worth-of-solar-power-and-burned-fuel-instead

In a bizarre twist for sunny Cyprus, fossil fuel power plants pumped out more electricity than renewables on Monday, even under ideal conditions for solar energy....

20. New EV grants open, but you’ve only got until October

https://knews.kathimerini.com.cy/en/business/new-ev-grants-open-but-you-ve-only-got-until-october

Cyprus is rolling out a new €2.5 million electric vehicle subsidy scheme, but only 260 spots are up for grabs, and buyers will need to move fast....

21. Cyprus e-mobility grant scheme faces criticism as initial funding runs out

https://knews.kathimerini.com.cy/en/news/cyprus-e-mobility-grant-scheme-faces-criticism-as-initial-funding-runs-out

The recently launched e-mobility grant scheme in Cyprus has drawn criticism from the Association of Importers of Motor & Electric Vehicles (SEMHIO), which expressed serious concerns about the plan’s limited budget and structural shortcomings....

22. Cypriot businesses go greener as hundreds certified in nationwide ESG initiative

https://knews.kathimerini.com.cy/en/business/cypriot-businesses-go-greener-as-hundreds-certified-in-nationwide-esg-initiative

Nearly 1,000 Cypriot businesses have joined a nationwide push toward sustainability, with two-thirds already certified under Environmental, Social, and Governance (ESG) standards, marking the first-year results of a collaborative interbank initiative aimed at promoting responsible business practices....

23. Eurobank eyes dual listing on Cyprus and Athens stock exchanges after Hellenic Bank exit

https://knews.kathimerini.com.cy/en/business/eurobank-eyes-dual-listing-on-cyprus-and-athens-stock-exchanges-after-hellenic-bank-exit

Greece’s Eurobank is considering listing its shares on the Cyprus Stock Exchange (CSE), just as Hellenic Bank prepares to officially delist on June 30, 2025, sealing a €1.3 billion investment deal that signals strong faith in the Cypriot economy....

24. One in four students leaves primary school with critically low skills

https://knews.kathimerini.com.cy/en/comment/opinion/one-in-four-students-leaves-primary-school-with-critically-low-skills

The dust has long settled on the issue. After a period of obsessive opposition and a kind of cat-and-mouse resistance to the now-infamous ''quarterly exams,'' the government ultimately gave in to public pressure. ...

25. S&P Global Ratings upgrades Freedom24 outlook to positive, citing stronger risk management

https://knews.kathimerini.com.cy/en/business/s-p-global-ratings-upgrades-freedom24-outlook-to-positive-citing-stronger-risk-management

S&P Global Ratings has revised its outlook on Freedom Finance Europe Ltd., operating under the Freedom24 brand, from stable to positive, while affirming its 'B+/B' long- and short-term issuer credit ratings....

26. Cyprus joins southern EU nations in opposing proposed France-UK migration pact

https://knews.kathimerini.com.cy/en/news/cyprus-joins-southern-eu-nations-in-opposing-proposed-france-uk-migration-pact

Cyprus and four other southern European Union countries have voiced opposition to a proposed migration agreement between France and the United Kingdom, cautioning it could shift the burden of asylum claims onto them....

27. Building Stronger Bonds with Society – Bank of Cyprus Event Brings Together NGOs and Volunteers

https://knews.kathimerini.com.cy/en/business/building-stronger-bonds-with-society-–-bank-of-cyprus-event-brings-together-ngos-and-volunteers

Bank of Cyprus successfully hosted the event titled “Building Stronger Bonds with Society”, which brought together non-governmental organisations (NGOs), charitable foundations, and volunteer groups with the goal of strengthening collaboration and long-term sustainability....

28. Sentence looms for sergeant in commando’s tragic death

https://knews.kathimerini.com.cy/en/news/sentence-looms-for-sergeant-in-commando-s-tragic-death

A military court in Nicosia will announce the sentence next Monday for a sergeant found guilty in the tragic death of 27-year-old commando Panagiotis Gianniou, who drowned during a training exercise in June 2022....

29. Freedom Holding Corp. reports 23% revenue growth for FY2025, driven by strong performance across brokerage and insurance segments

https://knews.kathimerini.com.cy/en/business/1-freedom-holding-corp-reports-23-revenue-growth-for-fy2025-driven-by-strong-performance-across-brokerage-and-insurance-segments

Freedom Holding Corp. (FRHC), a diversified financial services firm and the founder of Freedom24, has announced its financial results for the fiscal year ended 31 March 2025. ...

30. Woman battles to save her home despite bureaucratic silence

https://knews.kathimerini.com.cy/en/business/woman-battles-to-save-her-home-despite-bureaucratic-silence

Despite never missing a payment, Elena Yasemidou is on the brink of losing her home. She's a victim, she says, of bureaucratic neglect and heartless inflexibility....

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