https://knews.kathimerini.com.cy/en/business/greek-corporations-rush-to-issue-bonds-amid-record-low-yields
The easing of Greek state bond yields to record lows has opened the way to international markets for major Greek corporations too, as they can now take the opportunity to reduce their cost of borrowing.
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https://knews.kathimerini.com.cy/en/news/president-launches-exandas-portal-in-a-bid-to-enhance-transparency
The implementation of 767 development projects, with a total cost of more than 2.7 bln euros, as well as the progress in implementing 321 government policies, reforms and national strategies are outlined in “Exandas”, the new internet portal launched on Friday by Cyprus President Nicos Anastasiades. According to officials, 92.17% of the projects listed is expected to be completed by 2023.
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https://knews.kathimerini.com.cy/en/business/overtaxation-led-to-tax-evasion
Losses incurred by the state coffers due to tax evasion in 2014-17 were greater than the value-added tax revenue increase as a result of consecutive tax hikes, according to a European Commission report on the so-called VAT deficit (the difference between the expected VAT revenues and actual collections)...
https://knews.kathimerini.com.cy/en/news/johnson-s-brother-quits-parliament-torn-between-family-loyalty-and-national-interest
British Prime Minister Boris Johnson’s younger brother, Jo, has resigned as a junior minister and said he would also step down as a lawmaker, citing a conflict between family loyalty and the national interest...
https://knews.kathimerini.com.cy/en/news/more-us-energy-companies-to-operate-in-cyprus-us-ambassador-says
US Ambassador to Cyprus Judith Garber expressed on Wednesday evening her conviction that more US energy companies will operate in Cyprus, joining ExxonMobil and Noble Energy. She was addressing a business dinner of the American Chamber of Commerce in Cyprus, in Nicosia, in the presence of Foreign Minister Nikos Christodoulides...
https://knews.kathimerini.com.cy/en/news/brexit-no-deal-preparedness-final-commission-call-to-all-eu-citizens-and-businesses
With 8 weeks to go until the United Kingdom's withdrawal from the European Union on 31 October 2019, the Commission has today – in its 6th Brexit preparedness Communication – reiterated its call on all stakeholders in the EU27 to prepare for a ‘no-deal' scenario. In light of the continued uncertainty in the United Kingdom regarding the ratification of the Withdrawal Agreement – as agreed with the UK government in November 2018 – and the overall domestic political situation, a ‘no-deal' scenario on 1 November 2019, remains a possible, although undesirable, outcome...
https://knews.kathimerini.com.cy/en/news/finance-minister-pleased-with-waters-visit
Finance Minister Harris Georgiades says a visit by a US delegation affirms that Cyprus is on the right track in combating money laundering, following a statement by California Congresswoman Maxine Waters who said “Cyprus is up to the challenge....
https://knews.kathimerini.com.cy/en/news/online-madam-in-north-jailed-in-the-uk
A British woman who was arrested in the north last year for abusing children in an online porn business, has been sentenced to twelve years and four months in the UK...
https://knews.kathimerini.com.cy/en/news/waters-summer-mission-reaches-cyprus
California Congresswoman Maxine Waters is on summer recess trip to Europe with a US special delegation on a mission meeting with officials in Switzerland and Cyprus...
https://knews.kathimerini.com.cy/en/business/scope-rates-cyprus-with-bbb
Scope Ratings affirmed last week the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, along with a short-term issuer rating of S-2 in both local and foreign currency, noting that all outlooks are stable...
https://knews.kathimerini.com.cy/en/news/rhetoric-cranked-up-over-money-laundering-story
The Presidential Palace is fighting back against criticism over claims that President Anastasiades’ law firm was involved in a network of shell companies that laundered billions out of Russia...
https://knews.kathimerini.com.cy/en/news/us-congresswoman-on-a-money-trail-to-cyprus
A US Congress delegation is set to visit Cyprus to hold meetings on financial matters, led by Chairwoman Maxine Waters who vowed earlier this year to conduct oversight hearings into financial dealings of the US president...
https://knews.kathimerini.com.cy/en/business/moody-s-expects-deleveraging-to-resume-but-warns-over-small-economy-and-high-level-of-debt
The credit profile of Cyprus reflects its small but wealthy economy, improved economic resilience and the government`s fiscal outperformance in the wake of the country`s banking crisis, Moody's Investors Service has said in an annual report.
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https://knews.kathimerini.com.cy/en/news/foreclosure-legislation-unconstitutional
The latest piece of legislation on foreclosures which was approved last Friday is unconstitutional...
https://knews.kathimerini.com.cy/en/business/cyprus-considers-raising-corporate-tax-rate-to-15
The idea of raising the Cyprus corporate tax rate from 12.5% to 15% has been discussed at a meeting between Finance Minister Haris Georgiades and business executives...
https://knews.kathimerini.com.cy/en/news/cyprus-formally-asks-eu-to-share-burden
Interior Minister Constantinos Petrides has made good on his promise to seek help in “practical ways” from his EU counterparts on the migration issue and redistribution of asylees...
https://knews.kathimerini.com.cy/en/news/lifeline-as-parliament-accepts-president-s-referral
The House of Representatives has heeded warnings voting to accept the President's referral of legislation that would have made it difficult for banks to recover mortgaged non-performing exposures...
https://knews.kathimerini.com.cy/en/news/trump-hits-china-with-more-tariffs-sharply-escalating-trade-dispute
U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply escalating a bruising trade war between the world’s largest economies and jolting financial markets.
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https://knews.kathimerini.com.cy/en/news/finance-committee-seeks-compromise-on-foreclosures
The House of Representatives Finance Committee meets on Friday to discuss proposals that would normalize the legislative framework on foreclosures...
https://knews.kathimerini.com.cy/en/business/britain-s-lse-seals-$27-billion-refinitiv-deal-to-create-data-giant
London Stock Exchange has agreed to buy financial information business Refinitiv in a $27 billion deal, it said on Thursday, in a move to transform the British company into a market data and analytics giant.
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https://knews.kathimerini.com.cy/en/news/s-p-affirms-bank-of-cyprus-ratings
Standard & Poor’s affirmed on Tuesday their `B+/B` long- and short-term issuer credit ratings on Bank of Cyprus Public Co. Ltd. (BoC), noting that the outlook is stable...
https://knews.kathimerini.com.cy/en/news/ecb-warns-of-significant-negative-impact
The European Central Bank (ECB) has warned of “significant negative impact” to the Cypriot banking system in case a new law amending the legal on foreclosures is implemented.
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https://knews.kathimerini.com.cy/en/news/central-banker-mulls-bridging-framework-on-foreclosures
The Central Bank will present recommendations aimed at rectifying the foreclosure framework it was announced on Thursday...
https://knews.kathimerini.com.cy/en/news/dombrovskis-the-eu-leads-the-world-in-the-battle-against-climate-change
This year, millions of young people across the world joined an international movement for climate change. They demanded action instead of mere talk, marching to fix the planet before it is too late.
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https://knews.kathimerini.com.cy/en/news/foreclosure-legislation-deemed-unconstitutional
Finance Minister Haris Georgiades said on Tuesday that "a legislative framework must be effective, it must not change frequently, in order to create a trustworthy framework that will enable us to manage this last remaining problem of non-performing loans.''
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https://knews.kathimerini.com.cy/en/news/boris-johnson-set-to-become-next-uk-pm
Boris Johnson is expected to be elected leader of Britain’s governing Conservative Party and the country’s next prime minister on Tuesday, tasked with following through on his “do or die” pledge to deliver Brexit in just over three months time.
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https://knews.kathimerini.com.cy/en/news/ahdr-hosts-conference-on-peace-education
The Association for Historical Dialogue and Research (AHDR) hosts this week in Cyprus the 43rd Conference of the International Institute on Peace Education (IIPE) entitled "Educating for a Culture of Peace in Divided Societies, History, Dialogue and Multiperspectivity Toward Reconciliation". The official kick off of the conference took place on Monday morning at the Home for Cooperation at the UN buffer zone in Nicosia.
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https://knews.kathimerini.com.cy/en/news/bloomberg-turkey-has-abandoned-the-west
In an opinion piece Bloomberg's editorial board writes that Turkey is an increasingly erratic ally that is no longer worth the risks.
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https://knews.kathimerini.com.cy/en/news/firms-including-mol-osaka-gaslog-chosen-in-cyprus-fsru-lng-tender
Three joint ventures have been selected by Cyprus in the first stage of a tender to provide a floating storage and regasification unit (FSRU) to import liquefied natural gas (LNG)...
https://knews.kathimerini.com.cy/en/business/the-benefits-of-studying-with-a-learning-provider
Studying to become an ACCA member is flexible, and it opens up a world of opportunities. With over 500,000 students studying in a variety of ways, we know that flexibility is key to a successful ACCA journey.
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