https://knews.kathimerini.com.cy/en/news/boc-reports-€349-million-in-profits-plans-employee-bonuses-for-2024
In a significant financial turnaround, Bank of Cyprus reported a notable profit of €349 million for the nine months ending September 30, 2023, marking a substantial improvement from the €19 million loss in the same period last year. ...
https://knews.kathimerini.com.cy/en/business/finyard-launches-in-cyprus-providing-innovative-software-solutions-for-the-fintech-space
Finyard, an innovative software solutions provider, that helps global brands within the FinTech space offer their clients cutting-edge applications, has opened its doors in Cyprus....
https://knews.kathimerini.com.cy/en/news/electronic-ids-set-to-transform-citizen-services
Before the end of the current year, citizens and various professional groups will benefit from the use of electronic identity and electronic signatures in several government services, said Philippos Hadjizacharia, the Deputy Minister of Research, Innovation, and Digital Policy, during his speech at the 19th annual Economist Conference in Nicosia.
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https://knews.kathimerini.com.cy/en/news/central-banks-across-europe-hold-firm-amidst-rate-cut-speculations
Europe's top central bankers have affirmed that despite market expectations for a reduction due to weakening growth, interest rates will persist at elevated levels. ...
https://knews.kathimerini.com.cy/en/business/cyprus-trade-deficit-swells-as-imports-surge-in-2023
Cyprus faces a growing trade deficit, reaching €6,490.8 million in January-September 2023, a €685.1 million increase from the same period in 2022, reports the Statistical Service of Cyprus. Total imports surged by 12.7% to €9,756.5 million, with exports rising by 14.6% to €3,265.7 million during the same period....
https://knews.kathimerini.com.cy/en/business/deloitte-celebrates-65-years-of-success-in-cyprus
This year marks 65 years of continuous successful presence for Deloitte in Cyprus. The company celebrated 65 years of ''making an impact that matters'' at an event held on 2 November, in the presence of all partners and staff. ...
https://knews.kathimerini.com.cy/en/news/seven-ways-to-boost-cyprus-economy-and-competitiveness
The Cyprus economy needs seven important pillars to respond to the increasingly volatile environment, achieve greater growth, gain a more resilient and competitive economy, and develop innovation and more growth potential, according to PwC CEO Philippos Soseilos....
https://knews.kathimerini.com.cy/en/business/cyprus-banks-bracing-for-profit-squeeze-according-to-moody-s
Moody's believes that Cyprus' small and saturated banking sector, the banks' limited loan portfolio, and low fee and commission income will restrict opportunities for growth in domestic banks' activities and profitability in the long term....
https://knews.kathimerini.com.cy/en/news/a-decade-ago-amazon-launching-drones-for-parcel-deliveries
Exactly a decade ago, Amazon revealed a program that aimed to revolutionize shopping and shipping. Drones launched from a central hub would waft through the skies delivering just about everything anyone could need....
https://knews.kathimerini.com.cy/en/news/cyprus-s-mental-health-services-focus-on-prevention
In a world where the challenges of modern life continue to escalate, the importance of comprehensive mental health services cannot be overstated....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-and-hellenic-bank-upgraded-by-fitch
Fitch Ratings has delivered significant upgrades to the two largest Cypriot banks, Bank of Cyprus and Hellenic Bank, signaling a positive turn in Cyprus's economic landscape and a bright outlook for both financial institutions....
https://knews.kathimerini.com.cy/en/news/fitch-upgrades-hellenic-s-long-term-rating-to-bb-with-stable-outlook
In a recent announcement, Fitch Ratings raised Hellenic Bank's long-term rating from "BB-" to "BB+" and assigned a stable outlook to the bank. The agency also upgraded the bank's Viability Rating (VR) to "bb+" from "bb-."...
https://knews.kathimerini.com.cy/en/business/ey-cyprus-unveils-ey-academy-of-learning-and-development-pioneering-excellence-in-learning-and-development
EY is proud to announce the launch of the EY Academy of Learning and Development. The announcement took place during an exclusive event held on November 2, 2023, at Lemon Park in Nicosia....
https://knews.kathimerini.com.cy/en/business/ppc-becomes-new-owner-of-kotsovolos-in-€200-million-deal
In a significant development, PPC, the Greek energy company, has emerged as the new owner of the popular retail brand "Kotsovolos." This transition was facilitated through a deal with the British group Currys, valuing the acquisition at €200 million, entirely free from loans and lease obligations....
https://knews.kathimerini.com.cy/en/news/president-christodoulides-hails-unprecedented-ties-between-cyprus-and-us
Relations between Cyprus and the United States are today at the highest level than ever before, President Nikos Christodoulides said on Thursday evening, addressing a Gala dinner at the Presidential Palace, organised by AHEPA Cyprus in memory of businessman Photos Photiades....
https://knews.kathimerini.com.cy/en/news/which-european-country-bears-the-brunt-of-energy-costs
The pre-tax prices of electricity and natural gas soared after Russia's full-scale invasion of Ukraine, but they're now on the decline. Although slightly higher than the second half of 2022, the final prices for customers, including taxes, reached their peak in the first half of 2023....
https://knews.kathimerini.com.cy/en/business/ministry-secures-€245-million-boost-for-business-growth-in-2027
A total of €245 million has been secured by the Ministry of Energy, Commerce and Industry for the new programming period up to 2027, which will be made available to businesses through targeted grant plans with an emphasis on absorbing and utilising as many resources as possible from European Funds, including the Recovery and Resilience Fund, Energy Minister George Papanastasiou said on Friday, speaking at the General Electoral Assembly of the Paphos Chamber of Commerce and Industry....
https://knews.kathimerini.com.cy/en/news/israel-s-top-businessman-pushes-for-netanyahu-s-exit
Amon Shaswa, the head of the technology company Mobileye and one of Israel's leading businessmen, made a compelling call on Sunday for the immediate removal of Prime Minister Benjamin Netanyahu and the replacement of his government....
https://knews.kathimerini.com.cy/en/news/key-economic-issues-dominate-the-headlines
Despite various actions taken and a decrease in inflation, there are worries about the central bank's ability to achieve its goals. Some experts suggest that the target of 2% price growth, ...
https://knews.kathimerini.com.cy/en/business/techisland-launches-marcomms-community
TechIsland, Cyprus’ largest tech association with over 270 members, is set to launch a new professional group, the TechIsland MarComms Community. This initiative is aimed at fortifying the marketing and communications sector in the country’s rapidly evolving tech industry....
https://knews.kathimerini.com.cy/en/news/cyprus-grapples-with-alarming-gaps-in-youth-employment-and-basic-skills
The Chairman of the Parliamentary Committee on Labour, Welfare and Social Security, Andreas Kafkalias, expressed concern over the gaps in basic skills and the high percentage of young people not in employment, education, or training (14.7%) in Cyprus. ...
https://knews.kathimerini.com.cy/en/news/the-unstoppable-rise-beyond-one-million-in-occupied-lands
With the headline "Cannot Be Less Than One Million," Geni Duzen's columnist, Jenc Mutlougiakali, writes that the population in the occupied territories has surpassed one million.
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https://knews.kathimerini.com.cy/en/news/property-sales-surge-to-15-year-high-due-to-foreign-buyers
Residential property sales in Cyprus hit a 15-year record high in the second quarter of 2023, with significant increases in prices, according to data released by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/life/dhiraj-mukherjee-from-shazam-success-to-paying-it-forward
In this insightful interview, Dhiraj Mukherjee, the co-creator of Shazam, shares his experiences and philosophy on shaping the future. Notably, after the remarkable success of Shazam, which he co-founded and later sold to Apple for a substantial sum of around 400 million, Dhiraj has been actively paying it forward....
https://knews.kathimerini.com.cy/en/business/celestyal-cruises-unveils-largest-fleet-gem-celestyal-journey-in-limassol-port
Celestyal Cruises presented its largest fleet jewel, the "Celestyal Journey," at Limassol Port this Wednesday. The vessel has been part of the routes that commenced last September, scheduled to continue until June 2024, with the exceptions of January and February....
https://knews.kathimerini.com.cy/en/news/cyprus-deposits-bounce-back-with-€87-7-million-growth
Total deposits recorded a noteworthy uptick in September 2023, rebounding from two consecutive months of decline, according to data released Wednesday by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/business/techisland-launches-proptech-working-group
TechIsland, Cyprus’ leading tech association, announces the formation of a new PropTech Working Group. ...
https://knews.kathimerini.com.cy/en/business/university-of-cyprus-department-of-computer-science-and-global-game-developer-and-publisher-wargaming-group-limited-boost-cooperation
In a bid to step up their cooperation, the Department of Computer Science of the University of Cyprus and Wargaming Group Limited signed a Memorandum of Understanding on Wednesday, October 18, 2023. ...
https://knews.kathimerini.com.cy/en/news/cyprus-tops-eu-in-export-growth-with-55-2-surge-in-august-2023
Cyprus has taken the spotlight as the European Union's top performer in export growth, with a remarkable 55.2% surge in exports during August 2023 compared to the same period in 2022, according to Eurostat, the EU's statistical service....
https://knews.kathimerini.com.cy/en/business/cyprus-and-croatia-forge-tax-treaty-for-business-growth
The Republic of Cyprus and the Republic of Croatia have inked a significant Agreement for the Elimination of Double Taxation during the ECOFIN meeting in Luxembourg. ...
