https://knews.kathimerini.com.cy/en/business/the-ecb-s-next-steps-were-documented-in-limassol
The two-day conference of Central Bank Governors in Limassol is a strong contender to serve as the foundation for decisions on monetary policy and inflation strategy to be made in the coming period.
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https://knews.kathimerini.com.cy/en/news/nouris-eu-should-sanction-countries-that-instrumentalize-migration
The EU should have concrete sanctions in place when there is proof that migrants are being instrumentalized, as in the case of Cyprus, Interior Minister Nicos Nouris said....
https://knews.kathimerini.com.cy/en/business/limassol-gets-ready-for-maritime-cyprus-2022
Limassol is set to host "Maritime Cyprus 2022", between October 9 and 12, with the participation of 900 delegates from 35 countries, Deputy Minister for Shipping Vassilis Demetriades said on Thursday....
https://knews.kathimerini.com.cy/en/business/ey-achieves-highest-growth-in-nearly-two-decades-reports-record-global-revenue-of-us$45-4b
EY announced combined global revenues of US$45.4b for the financial year ending June 2022 (FY22), an increase of 16.4% in local currency (13.7% in US dollars). This marks one of the most successful years in the history of the organization with the highest growth seen in nearly two decades attributed to the EY NextWave strategy to deliver long-term value for EY people, clients and society....
https://knews.kathimerini.com.cy/en/business/global-fintech-market-resilient-in-h1-22-$107-8-billion-in-investment-according-to-kpmg-s-pulse-of-fintech
Global fintech investment declined from $111.2 billion in H2’21 to $107.8 billion in H1’22, but remained remarkably resilient compared to historical trends given the challenges affecting the broader investment market, including geopolitical uncertainty, growing inflation, and increasing interest rates. ...
https://knews.kathimerini.com.cy/en/news/lagarde-to-chair-ecb-governors-meeting-in-cyprus-this-week
Nineteen central bank governors from the EU countries are expected to arrive in Cyprus tomorrow. The Governing Council of the ECB decided to hold its non-monetary policy meeting in Cyprus which is scheduled on the 5th and 6th of October and will be chaired by the President of the ECB Christine Lagarde....
https://knews.kathimerini.com.cy/en/news/urgent-bill-on-back-burner-after-lone-star-sleeps-on-it
The Cypriot parliament was in no hurry on Thursday to vote on an emergency bill that would have allowed the government to block a potential takeover of the island’s largest bank, after an American private equity fund said it would sleep on it at least until next year.
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https://knews.kathimerini.com.cy/en/news/20-years-in-prison-for-former-cypriot-oligarch-oleg-deripaska
Russian oligarch Oleg Deripaska, who received a Cypriot passport in 2018 and had his Cypriot citizenship revoked in April 2022, faces a charge of conspiracy to violate and evade US sanctions with a maximum sentence of 20 years in prison....
https://knews.kathimerini.com.cy/en/business/majority-of-tourists-visiting-cyprus-are-no-longer-russian
In June 2021 at the 43rd conference of the Pancyprian Hoteliers Association, it may have been the first time it was officially made clear that the markets of Russia and Britain will no longer be a one-way street for the Cypriot tourism industry....
https://knews.kathimerini.com.cy/en/business/permits-granted-for-7-000-highly-skilled-workers-from-3rd-countries
The policy of granting tax incentives to foreign technology companies is yielding results, Invest Cyprus Investment Promotion Agency Chairman Evgenios Evgeniou said, stressing that 7,000 work permits have been approved this year for highly skilled individuals who chose to work in Cyprus....
https://knews.kathimerini.com.cy/en/business/cypriot-businesses-face-serious-issues-but-still-expect-to-turn-a-profit
What are the main problems for Cypriot businesses (table)
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https://knews.kathimerini.com.cy/en/business/cyprus-highly-innovative-compared-to-other-eu-countries
Cyprus has achieved the biggest improvement in the field of innovation at the European level since 2015, according to the annual report of the European Innovation Scoreboard 2022 of the European Commission....
https://knews.kathimerini.com.cy/en/business/ey-cyprus-to-present-findings-of-2nd-ey-attractiveness-survey-at-cyprus-attractiveness-forum-investment-realized-on-25-october
EY Cyprus is proud to present the findings of the second edition of the EY Attractiveness Survey Cyprus 2022, during its flagship event, Cyprus Attractiveness Forum: Investment Realized 2022 on 25 October 2022 at Parklane Hotel, Limassol....
https://knews.kathimerini.com.cy/en/news/spain-gave-golden-visa-to-former-mexican-president-being-investigated-for-corruption
The Spanish authorities have finally confirmed that the former Mexican President Enrique Peña Nieto, who is being investigated by Mexico’s attorney general’s office for alleged money laundering, illicit enrichment, and illegal international transfers, is a legal resident of the country....
https://knews.kathimerini.com.cy/en/business/nouris-more-foreign-companies-setting-up-shop-in-cyprus
The adoption of the New Strategy for Attracting Business and Talent has led to an impressive increase in interest from foreign companies to establish their presence in Cyprus, ...
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-a-cat-has-nine-lives-so-does-the-cyprus-property-market
Where is the Cyprus property market heading? I have been asked this question countless times over the past three months, primarily from foreign investors who are trying to appreciate how the rise in inflation, increase in interest rates, and war in Ukraine is affecting local market dynamics....
https://knews.kathimerini.com.cy/en/news/rhapsody-courtesy-stop-unpacks-cyprus-game-plan
Cypriot officials were stoked on Tuesday when the Rhapsody of the Seas made a brief stop at the Ayia Napa Marina, a moment filled with high expectations for the island that hopes to attract cruise ships in its southeastern shores...
https://knews.kathimerini.com.cy/en/news/kyriakides-increased-cancer-screening-in-the-eu-imperative
A proposal for a new cancer screening system, which seeks to improve the early detection of cancer, was presented today by Health Commissioner Stella Kyriakides on behalf of the Commission....
https://knews.kathimerini.com.cy/en/news/cyprus-tomorrow-plan-the-legacy-of-the-anastasiades-government
Cyprus President Nicos Anastasiades said he has a “clear conscience” as he delivered on his commitments concerning the creation of a “welfare state with no exclusions,”...
https://knews.kathimerini.com.cy/en/news/russians-can-no-longer-get-golden-visas-from-portugal
A total of ten Russian citizens who applied for Portugal’s Golden Visas from February 24 this year have been denied, according to the announcement provided by the Portuguese Immigration and Border Service....
https://knews.kathimerini.com.cy/en/news/cyprus-starts-golden-passport-trial-with-a-paradox
A defense attorney in the golden passport trial set to begin next month raised a conflict of interest on Monday, when his client and former House speaker along with three other defendants appeared for their arraignment before a Nicosia district judge...
https://knews.kathimerini.com.cy/en/business/150-increase-in-foreign-direct-investment-600-increase-in-the-technology-sector
Cyprus is ranked 18 among other countries in attracting foreign direct investment, as reported in the seventh edition of the Greenfield FDI Performance Index of the FDI Intelligence for 2021, going up by 50 places compared to 2020....
https://knews.kathimerini.com.cy/en/business/banks-imposing-stricter-lending-standards
Cyprus banks have tightened credit standards in the second quarter of 2022, while net new lending demand subsided, reflecting the geopolitical tensions and the uncertainty in the global economic environment, the Central Bank of Cyprus Bank Lending Survey for Q2 says....
https://knews.kathimerini.com.cy/en/news/public-schools-to-be-digitally-upgraded-by-2025
The Cypriot Ministry of Education, Sports and Youth on Tuesday signed a €20 million contract for the provision of digital support services, paving the way for the transition towards digital public schools....
https://knews.kathimerini.com.cy/en/business/euro-dollar-exchange-falls-to-a-20-year-low
The escalation of the energy crisis with Moscow's aggressive, albeit predictable, decision to close the Nord Stream 1 pipeline indefinitely has led to a new fall in the euro, this time below 99 cents on the dollar....
https://knews.kathimerini.com.cy/en/business/ryanair-blames-lack-of-incentives-for-closing-its-athens-hub
The intense competition in the domestic market, which started to shrink Ryanair’s share, is the reason why it decided to close its base in Athens this winter....
https://knews.kathimerini.com.cy/en/news/metsola-europe-s-bloc-is-made-stronger-by-the-discovery-of-so-much-natural-gas-in-your-country
In anticipation of Roberta Metsola's visit to Cyprus on September 9th, Kathimerini's George Kakouris sits down with the European Parliament President and gets her take on the Cyprus problem, recently discovered natural gas reserves and the issue behind Cyprus' "golden passport" scandal....
https://knews.kathimerini.com.cy/en/news/price-of-halloumi-will-increase-under-pdo-category
The Minister of Agriculture, Costas Kadis, expressed his satisfaction with the production of halloumi so far as a Protected Designation of Origin (PDO) product....
https://knews.kathimerini.com.cy/en/news/akel-calls-out-disy-on-investor-contributions
The second meeting of the Audit Committee, with the report of the Auditor General of the Republic on the Cyprus Investment Programme being the only item on the agenda, confirmed that the Golden Passports will be at the forefront of the opposition's election campaign. In an inkling of what's to come, AKEL seems to be leading the way in keeping corruption issues at the center of the opposition's discourse during this election season.
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https://knews.kathimerini.com.cy/en/news/conflict-of-interest-raised-again-in-passport-probe
The audit office in the Republic of Cyprus is sending all its findings on golden passports to the state’s anti-corruption agency, citing a conflict of interest for the state’s two chief law enforcement officers who served as ministers during the investment scandal...
