https://knews.kathimerini.com.cy/en/news/cyprus-luxury-resort-tied-to-russia-s-$230m-magnitsky-scandal
Cypriot police are close to completing an investigation into allegations connecting a luxury resort to one of Russia’s biggest financial scandals, the Magnitsky case, according to police officials....
https://knews.kathimerini.com.cy/en/news/avvakoum-synodal-court-removes-two-monks-amid-misconduct-allegations
The Synodal Court of the Church of Cyprus has removed Archimandrites Nektarios and Porphyrios from their positions following allegations related to financial and moral misconduct at the Holy Monastery of Saint Abbacum. ...
https://knews.kathimerini.com.cy/en/news/cyprus-banks-hike-mortgage-rates-as-new-loans-drop-by-a-third-in-august
Banks in Cyprus raised the interest rates on home loans in August, while reducing the interest rates offered on household deposits, according to data released by the Central Bank of Cyprus on Wednesday....
https://knews.kathimerini.com.cy/en/business/cyprus-credit-rating-upgrade-a-boon-for-investors-but-what-about-citizens
Cyprus has recently received good news from the credit rating agency Capital Intelligence (CI), which upgraded the country’s credit ratings, according to Kathimerinni's Dorita Yiannakou. ...
https://knews.kathimerini.com.cy/en/news/cyprus-credit-rating-upgraded-due-to-strong-economy-and-lower-debt
Rating Agency Capital Intelligence Ratings (CI) has upgraded Cyprus’ Long-Term Foreign Currency Rating (LT FCR) and Short-Term FCR (ST FCR) to ‘BBB’ and ‘A2’, respectively, from ‘BBB-’ and ‘A3’, maintaining a positive outlook....
https://knews.kathimerini.com.cy/en/news/cyprus-braces-for-migrant-surge-as-war-in-lebanon-intensifies
A year after hostilities erupted in Israel, the conflict has now expanded to Lebanon, reigniting fears about the stability of the Middle East....
https://knews.kathimerini.com.cy/en/news/us-urges-tighter-oversight-of-cypriot-service-providers-to-combat-financial-crime
Cypriot accountants and lawyers are under pressure from U.S. authorities to align with banking standards in combating financial crime. ...
https://knews.kathimerini.com.cy/en/news/naomi-campbell-banned-from-charity-role-for-misusing-funds
Supermodel Naomi Campbell has been banned from serving as a trustee for any charity for five years after an investigation revealed significant financial misconduct within her organization, Fashion For Relief....
https://knews.kathimerini.com.cy/en/news/freedom24-reaches-300-000-customers-milestone
We are thrilled to announce that the number of users on the innovative Freedom24 trading platform has surpassed 300,000. This significant achievement underscores our platform's technological superiority and the growing trust and confidence of our customers....
https://knews.kathimerini.com.cy/en/news/killer-hairdresser-escapes-in-bold-plan-police-officers-suspended
Police are in a state of high alert after convicted murderer Doros Theofanous, infamously known as "The Hairdresser," escaped from custody on Thursday, September 26. ...
https://knews.kathimerini.com.cy/en/news/cyprus-banks-have-€28-7-billion-in-cash-and-liquidity
The amount of liquidity in Cyprus's banking system rose to €28.7 billion in August 2024, according to the Central Bank of Cyprus (CBC). This increase was fueled by a growth in deposits alongside a decline in loans....
https://knews.kathimerini.com.cy/en/news/127-236-people-in-cyprus-were-at-risk-of-poverty-in-2023
Nearly 14% of people in Cyprus were at risk of poverty in 2023, according to a new report from the Statistical Service of Cyprus. This means around 127,236 individuals lived on a yearly disposable income of €11,324 or less....
https://knews.kathimerini.com.cy/en/business/the-rise-of-applied-regulatory-compliance-from-theory-to-practice
As regulatory expectations continue to soar, it is clear that firms must shift from mere consultation to actionable compliance. ...
https://knews.kathimerini.com.cy/en/news/amendment-introduced-to-share-geopolitical-risks-equally-on-gsi
Late last night, Greece's Ministry of Environment and Energy introduced an important amendment that aims to share the geopolitical risks equally between Greece and Cyprus for the Great Sea Interconnector, ...
https://knews.kathimerini.com.cy/en/news/cyprus-falls-behind-on-eu-recovery-plan-meets-only-5-of-targets
In today's 'Oikonomiki', Panayiotis Rougalas reports that Cyprus has only achieved 5% of the milestones outlined in its Recovery and Resilience Plan (RRP), falling far behind other European Union countries in implementing reforms tied to the EU’s Next Generation funding program....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-shares-surge-4-6-on-first-day-back-in-athens
Bank of Cyprus shares surged on their first day of trading at the Athens Exchange, reaching €5.00, marking a notable return to the Greek financial market after seven years....
https://knews.kathimerini.com.cy/en/news/first-student-housing-set-to-open-in-old-town-nicosia
The first student residence inside Nicosia’s walled city will open in November, offering 13 rooms as part of a larger plan to create 380 student spaces. ...
https://knews.kathimerini.com.cy/en/news/boc-shares-open-at-4-78-on-athens-exchange-post-london-exit
The Bank of Cyprus made its debut on the Athens Stock Exchange (ASE) today, following the delisting of its shares from the London Stock Exchange (LSE).
...
https://knews.kathimerini.com.cy/en/news/kremlin-pushes-procreation-amid-declining-birthrate-encourages-sex-at-work
Russia’s top health official has urged workers to consider procreation during breaks, as part of an effort to counter the country’s population decline, a move supported by President Vladimir Putin’s long-standing push for higher birth rates....
https://knews.kathimerini.com.cy/en/news/cera-approves-€125m-for-cyprus-crete-power-link
The Cyprus Energy Regulatory Authority (CERA) has approved an annual investment recovery of €25 million for the Cyprus-Crete electricity interconnection project, also known as the Great Sea Interconnector (GSI), covering the period from January 1, 2025, to December 31, 2029....
https://knews.kathimerini.com.cy/en/news/eu-cuts-funds-to-hungary-over-unpaid-asylum-fine
The European Union has begun the process of reclaiming hundreds of millions of euros meant for Hungary after the country's government refused to pay a significant fine for violating the bloc’s asylum rules....
https://knews.kathimerini.com.cy/en/news/moody-s-sees-positive-outlook-for-hellenic-bank-following-eurobank-deal
Moody’s upgraded Hellenic Bank’s credit rating to Baa2 from Baa3 on Wednesday, citing the recent acquisition of a 56% stake by Eurobank S.A. The agency also revised the bank's outlook to positive.
...
https://knews.kathimerini.com.cy/en/business/andreas-petsas-named-new-ceo-of-eurobank-cyprus
Eurobank Cyprus’ Board of Directors, decided to appoint Mr Andreas Petsas as a Member of the Board of Directors and as the Bank’s Chief Executive Officer (CEO), in a meeting held on 17 September 2024 in Nicosia....
https://knews.kathimerini.com.cy/en/business/leaders-meet-amid-concerns-over-delayed-agreement-on-gsi
A summit meeting between Greek Prime Minister Kyriakos Mitsotakis and Cypriot President Nikos Christodoulides is set for Thursday, amid growing tensions over the future of the electricity interconnection project between Crete and Cyprus....
https://knews.kathimerini.com.cy/en/news/michalis-louis-appointed-ceo-of-hellenic-bank
Michalis Louis has been appointed as the new Chief Executive Officer of Hellenic Bank Public Company Limited at the Annual General Meeting of the Shareholders of the Bank, with immediate effect, according to a decision taken by the Board of Directors of the bank......
https://knews.kathimerini.com.cy/en/news/hezbollah-radio-explosions-leave-20-dead-in-lebanon-s-deadliest-day-of-conflict
Explosions from Hezbollah's communication devices rocked southern Lebanon for a second consecutive day, killing 20 people and injuring more than 450 in what has become the deadliest episode since cross-border hostilities with Israel intensified nearly a year ago. ...
https://knews.kathimerini.com.cy/en/news/sweden-to-pay-migrants-up-to-$34-000-to-return-home
Sweden is making significant changes to its migrant policies, marking a ''paradigm shift'' aimed at reversing decades of leniency. ...
https://knews.kathimerini.com.cy/en/news/irs-experts-aid-cyprus-in-combating-money-laundering
In October 1931, notorious American gangster Al Capone was sentenced to 11 years in prison on five counts of tax evasion by the federal justice system, marking a pivotal moment in organized crime history in the U.S....
https://knews.kathimerini.com.cy/en/news/minister-backs-cyprus-crete-cable-raek-to-review
According to Apostolos Tomaras' article which was published in Kathimerini's Cyprus edition, Cyprus and Greece are poised to resolve lingering issues surrounding the electricity interconnection project between Cyprus and Crete......
https://knews.kathimerini.com.cy/en/news/von-der-leyen-unveils-new-european-commission-lineup
European Commission President Ursula von der Leyen has unveiled the list of new commissioners, including Kostas Kadis from Cyprus, who has been appointed as Commissioner for Fisheries and Oceans. ...
