https://knews.kathimerini.com.cy/en/news/financial-education-in-cyprus-schools-after-metamax-scandal
The ongoing investigation into the Metamax investment pyramid scheme is causing growing alarm across Cyprus. Complaints to police departments have surpassed 100, with over €220,000 allegedly defrauded. ...
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....
https://knews.kathimerini.com.cy/en/news/cyprus-grapples-with-displacement-50-years-after-turkish-invasion
The violent displacement of tens of thousands of Cypriots following the Turkish invasion in July 1974 remains a festering wound for Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-to-reopen-forestry-college-in-january-2025
The Cypriot government has approved the reopening of the Forestry College in January 2025 and the reintroduction of the "Advanced Diploma in Forestry" program......
https://knews.kathimerini.com.cy/en/news/turmoil-at-vasilikos-as-chinese-consortium-pulls-out-terminal-project-in-limbo
The sudden withdrawal of the CPP-METRON CONSORTIUM LTD from the Vasilikos terminal project has added a new layer of complexity to the already troubled initiative. ...
https://knews.kathimerini.com.cy/en/comment/opinion/laughable-disclosures-as-cyprus-politicians-financial-woes-unveiled
Once again, this year’s financial disclosures from our members of parliament are filled with laughable and tragic statements. Marinos Sizopoulos must be having a hard time making ends meet, ...
https://knews.kathimerini.com.cy/en/news/soaring-insurance-costs-push-global-shipping-rates-up-233
Global trade has faced immense pressure since last October when the war in the Near East erupted following the terrorist attack by the Palestinian group Hamas against Israel. ...
https://knews.kathimerini.com.cy/en/news/russian-tech-professionals-flock-to-cyprus-despite-sanctions
A recent study by the PACE think tank has underscored the profound transformation of Cyprus' economy amid Western sanctions and the aftermath......
https://knews.kathimerini.com.cy/en/news/senator-menendez-convicted-on-bribery-charges
Democratic Senator Bob Menendez of New Jersey has been convicted on multiple counts of bribery following a nine-week trial, a verdict that could potentially send him to prison for years.
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https://knews.kathimerini.com.cy/en/business/july-newsletter-of-k-treppides-co-ltd-cyprus-securities-and-exchange-commission
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....
https://knews.kathimerini.com.cy/en/news/cyprus-seeks-eu-support-to-keep-youth-in-countryside
Cyprus is seeking support from the European Union in its efforts to bring about the demographic regeneration of its rural areas, Minister for Agriculture Maria Panayiotou......
https://knews.kathimerini.com.cy/en/news/legal-challenges-mount-over-vasilikos-terminal-abandonment
Cyprus is preparing for significant changes in its energy sector following the formal termination of the contract between the Natural Gas Infrastructure......
https://knews.kathimerini.com.cy/en/business/cyprus-faces-financial-hit-as-chinese-consortium-exits-energy-project
Following the public admission by Energy Minister George Papaconstantinou, the agreed separation between Cyprus' Natural Gas Infrastructure Company (ETYFA) and the Chinese consortium CPP-METRON Consortium Ltd (CMC Ltd) is imminent, according to a report by Apostolos Tomaras in this Sunday's printed edition of Kathimerini....
https://knews.kathimerini.com.cy/en/news/donors-withhold-$90m-in-election-funding-unless-biden-steps-aside
Donors to a major super PAC backing President Joe Biden are withholding around $90 million in pledged funds, urging the president to step aside, sources told the New York Times. ...
https://knews.kathimerini.com.cy/en/business/cyprus-tourism-faces-€25-million-hit
The president of the Cyprus Hotel Association (PASYXE), Thanos Michaelides, has highlighted the urgent need to extend the tourist season and increase the number of year-round hotel operations. ...
https://knews.kathimerini.com.cy/en/news/retired-cypriot-police-officer-wanted-in-metamax-pyramid-scheme
Authorities in Cyprus are actively seeking a 63-year-old Greek Cypriot resident of Limassol in connection with the Metamax pyramid scheme fraud, according to information obtained by our website. A warrant for his arrest has been issued....
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. ...
https://knews.kathimerini.com.cy/en/business/chinese-consortium-exits-vasilikos-lng-project
The Chinese CPP-METRON Consortium Ltd (CMC Ltd) is set to exit the unfinished photovoltaic (PV) terminal project in Vasilikos, according to Cyprus' Energy Minister George Papanastasiou. ...
https://knews.kathimerini.com.cy/en/news/murder-investigation-heats-up-land-deal-at-heart-of-mykonos-feud
The murder of topographer Panagiotis Stathis in Psychiko has cast a fresh spotlight on a contentious plot of land in Mykonos, believed to be the epicenter of a bitter dispute between Stathis and a local businessman....
https://knews.kathimerini.com.cy/en/news/cyprus-grapples-with-energy-future-amid-interconnector-debate
The Cyprus Energy Regulatory Authority (CERA) has summoned ADMIE, the country's electricity grid operator, for a crucial meeting on July 15 to discuss new data that could potentially alter a decision barring charges to Cypriot consumers ahead of the Great Sea Interconnector project's implementation....
https://knews.kathimerini.com.cy/en/business/cyprus-faces-crucial-decision-as-lng-terminal-contract-nears-end
Energy Minister George Papanastasiou announced on Tuesday that the contract between the Natural Gas Infrastructure Company (ETYFA) and the CPP-METRON Consortium Ltd (CMC Ltd) for the Vasilikos liquefied natural gas (LNG) terminal construction is approaching its conclusion....
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....
https://knews.kathimerini.com.cy/en/business/burberry-announces-hundreds-of-redundancies-following-share-price-drop
British fashion house Burberry is set to make hundreds of redundancies after a significant drop in its share price. The layoffs will primarily affect employees in the UK, according to a report by the Telegraph....
https://knews.kathimerini.com.cy/en/news/government-charts-course-for-2025-budget-surplus
President Nikos Christodoulides announced during a Cabinet meeting on Monday that the government is on track to achieve a budget surplus for the fiscal year 2025....
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....
https://knews.kathimerini.com.cy/en/news/boeing-to-plead-guilty-and-pay-$243-6m-fine-in-737-max-settlement
Boeing has agreed to plead guilty to a criminal fraud conspiracy charge and pay a $243.6 million fine to settle a U.S. Justice Department probe into its involvement in two fatal crashes of the 737 MAX aircraft that resulted in the deaths of 346 people in Indonesia and Ethiopia between 2018 and 2019....
https://knews.kathimerini.com.cy/en/business/cyprus-banks-receive-upgrades-signal-economic-resilience
In a series of significant upgrades for Cypriot banks, Fitch Ratings has elevated the Bank of Cyprus and Hellenic Bank's credit ratings, underscoring a positive trajectory for the country's financial sector, according to a report by Panayiotis Rougalas in this Sunday's Kathimerini....
https://knews.kathimerini.com.cy/en/news/cyprus-faces-hurdles-in-connecting-to-european-electricity-grid
A critical regional energy project aiming to connect Cyprus to the European electricity grid has hit significant roadblocks, threatening the country's bid to end its energy isolation as the last EU member-state without such a connection....
https://knews.kathimerini.com.cy/en/business/goody-s-returns-to-nicosia
The beloved Greek fast food chain Goody's has made a triumphant return to Nicosia, opening its doors at The Mall of Cyprus on June 19, according to a report in this Sunday's Kathimerini by Anna Polyviou....
https://knews.kathimerini.com.cy/en/business/surge-in-corporate-loans-despite-interest-rate-hike
The Central Bank of Cyprus has released its latest data revealing notable shifts in financial trends for May 2024. Despite a 0.52% uptick in lending rates for non-financial corporations borrowing amounts over €1 million, new loans to these entities surged by 10% compared to the previous month. ...
