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12° Nicosia,
10 December, 2022
 

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Displaying results 1-30 of 76 matches for query liquidity.

1. €76.4m profit in first 9 months of 2022 for Hellenic

https://knews.kathimerini.com.cy/en/business/€76-4m-profit-in-first-9-months-of-2022-for-hellenic

Hellenic Bank announced a profit of €76.4 million for the first 9 months of 2022. According to the Group Financial Results for the nine-month period, ...

2. World's largest crypto exchange platform to set up shop in Cyprus

https://knews.kathimerini.com.cy/en/business/world-s-largest-crypto-exchange-platform-to-set-up-shop-in-cyprus

The FTX bankruptcy scandal a few weeks ago rocked the entire crypto world to its core, after its founder Sam Bankman-Fried, the "wonderboy" of the crypto trading world,...

3. EC approves 7.75m aid for Cyprus agricultural sector

https://knews.kathimerini.com.cy/en/news/ec-approves-7-75m-aid-for-cyprus-agricultural-sector

The European Commission has approved a 7.75 million euro Cypriot scheme to help some agricultural producers through direct grants, in order to deal with the side effects of Russia's invasion of Ukraine....

4. FTX's European operations suspended indefinitely

https://knews.kathimerini.com.cy/en/news/ftx-s-european-operations-suspended-indefinitely

The company is taking a wait-and-see approach until further notice in order to deal with FTX International and the more than $8 billion hole it has created...

5. ECB raises interest rates by 0.75%.

https://knews.kathimerini.com.cy/en/business/ecb-raises-interest-rates-by-0-75

The European Central Bank recently decided to raise interest rates by 0.75%. This is the third consecutive increase (a 2% increase overall), and the base rate will now be 2%. The interest rate at which banks accept deposits has risen from 0.75% to 1.5%....

6. Bank deposits climb to a nine-year high

https://knews.kathimerini.com.cy/en/news/bank-deposits-climb-to-a-nine-year-high

Deposits in the Cypriot banking system climbed to a nine-year high in September, while total loans continued their downward path, declining in a five-month low, boosting liquidity in the system to over €23 billion....

7. October Newsletter of K. Treppides & Co Ltd: Take Action

https://knews.kathimerini.com.cy/en/business/october-newsletter-of-k-treppides-co-ltd-take-action

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

8. Cypriot businesses face serious issues, but still expect to turn a profit

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) ...

9. EU plans to cap gas prices risking cutoff from Russia

https://knews.kathimerini.com.cy/en/news/eu-plans-to-cap-gas-prices-risking-cutoff-from-russia

The European Union proposed a price cap on Russian gas on Wednesday hours after President Vladimir Putin threatened to halt all supplies if they took such a step, raising the risk of rationing in some of the world’s richest countries this winter....

10. Foreclosures suspended until the end of October 2022

https://knews.kathimerini.com.cy/en/business/foreclosures-suspended-until-the-end-of-october-2022

The Cyprus Parliament on Thursday passed a bill suspending foreclosures until the end of October,...

11. Businesses will be allowed VAT deferment without penalties

https://knews.kathimerini.com.cy/en/business/businesses-will-be-allowed-vat-deferment-without-penalties

The European Commission has approved a €20 million Cypriot VAT deferral scheme to support businesses affected by the coronavirus pandemic and the restrictive measures put in place to limit the spread of the virus....

12. The end of an era as Revlon files for bankruptcy

https://knews.kathimerini.com.cy/en/business/the-end-of-an-era-as-revlon-files-for-bankruptcy

The US cosmetics group Revlon has filed for bankruptcy protection after battling supply chain problems and failing to compete with celebrity-backed and social media-savvy upstarts....

13. 103 million euros in support measures for vulnerable households

https://knews.kathimerini.com.cy/en/news/103-million-euros-in-support-measures-for-vulnerable-households

Cyprus’ government announced a new package of financial support measures for vulnerable groups of the population, to the tune of 103 million euros on Friday, to offset the impact of inflation and the war in Ukraine....

14. CBC: Cryptocurrencies are a potential risk to the economy

https://knews.kathimerini.com.cy/en/business/cbc-cryptocurrencies-are-a-potential-risk-to-the-economy

Losing 26% of its value in the last month, Bitcoin and other cryptocurrencies are in danger of dragging the "real economy" with their unpredictable fluctuations....

15. Lebanese banks in Cyprus to shut down amid the country's financial crisis

https://knews.kathimerini.com.cy/en/business/lebanese-banks-in-cyprus-to-shut-down-amid-the-country-s-financial-crisis

Branches of Lebanese banks operating in Cyprus will shut down following a decision by the country’s Central Bank. A Central Bank of Cyprus (CBC) official has confirmed to CNA the decision taken by the country’s banking regulator....

16. EC approves 890,000 euro scheme to support Cypriot halloumi makers

https://knews.kathimerini.com.cy/en/business/ec-approves-890-000-euro-scheme-to-support-cypriot-halloumi-makers

The European Commission has announced it has approved a state aid scheme worth a total of 890 thousand euros for halloumi producers, in the context of dealing with the economic effects of the coronavirus pandemic....

17. Bank of Cyprus posts net profit of €21 million in Q1

https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-posts-net-profit-of-€21-million-in-q1-and-a-record-of-new-loans

Bank of Cyprus group announced on Thursday a net profit of €21 million for the first quarter of 2022, compared to net profit of €8 million in the first quarter of 2021....

18. Price hike of raw materials affecting developers and construction costs

https://knews.kathimerini.com.cy/en/business/price-hike-of-raw-materials-affecting-developers-and-construction-costs

The construction industry is suffering as the price hike of raw materials continues, with developers crushed under higher costs as they are deprived of Russian money....

19. Cyprus and EU economies facing a 'twin problem' following the war in Ukraine

https://knews.kathimerini.com.cy/en/news/cyprus-and-eu-economies-facing-a-twin-problem-following-the-war-in-ukraine

The EU and Cyprus economies are facing a “twin problem” of rising commodity and energy prices and heightened uncertainty following the invasion of Russia in Ukraine, according to discussions held by the Nicosia Chamber of Commerce and Industry and the European Investment Bank (EIB)....

20. The MSCI 2021 results are in - Consulco Outperforms the Market

https://knews.kathimerini.com.cy/en/business/the-msci-2021-results-are-in-consulco-outperforms-the-market

The MSCI results are now available, and Consulco’s London commercial real estate portfolio has outperformed the Greater London Retail property market in all time frames over 3, 5 & 10 years, achieving a 7.5% total return per annum since inception....

21. Euler Hermes is now Allianz Trade

https://knews.kathimerini.com.cy/en/business/euler-hermes-is-now-allianz-trade

Todaymarks a new chapter in our story: Euler Hermes, the world leader in trade credit insurance, becomes Allianz Trade – a natural moveas we have been fully part of the Allianz Group since 2018...

22. Lagarde: Cyprus will be affected by inflation and rising energy costs

https://knews.kathimerini.com.cy/en/news/lagarde-cyprus-will-be-affected-by-inflation-and-rising-energy-costs

Cyprus will be affected by inflationary pressures and higher energy costs due to its dependence on oil imports for electricity generation, according to European Central Bank President Christine Lagarde....

23. RCB shifts from banking to asset management

https://knews.kathimerini.com.cy/en/business/rcb-shifts-from-banking-to-asset-management

RCB Bank Ltd switches from banking to asset management, consequently phasing out its banking operations as of today....

24. RCB Bank invites depositors to withdraw their money

https://knews.kathimerini.com.cy/en/news/rcb-bank-invites-depositors-to-withdraw-their-money

RCB Bank will invite its depositors to withdraw their money. According to Kathimerini sources, RCB Bank customers are expected to be able to either receive their deposits on hand or transfer them to other Cypriot banks....

25. Hellenic acquires 553 million euros worth of Cypriot corporate loans from RCB

https://knews.kathimerini.com.cy/en/news/hellenic-acquires-553-million-euros-worth-of-cypriot-corporate-loans-from-rcb

Hellenic Bank has acquired 553 million euros worth of Cypriot business loans from RCB Bank, increasing its loan portfolio to over 7.2 billion euros....

26. Everything You Need to Know About Crypto Today (at least for the next 8 hours!)

https://knews.kathimerini.com.cy/en/business/everything-you-need-to-know-about-crypto-today-at-least-for-the-next-8-hours

Don’t be intimidated by my headline if you know nothing about Bitcoin or the Bored Ape Yacht Club. You are in the majority....

27. Cyprus is losing its Russians, confronting existential questions about its economy

https://knews.kathimerini.com.cy/en/news/cyprus-is-losing-its-russians-confronting-existential-questions-about-its-economy

For decades, Cyprus built an economy that courted Russians — Russian tourists, Russian investors, Russian oligarchs. ...

28. Russian bank subsidiary in Europe collapses

https://knews.kathimerini.com.cy/en/business/russian-bank-subsidiary-in-europe-collapses

While the Moscow Stock Exchange remains closed for a third straight day and the ruble is losing value inside and outside Russia, heading back to Monday's record low again, the ECB yesterday confirmed the first bankruptcy of a subsidiary in Europe caused by sanctions and massive withdrawals. ...

29. Petrides: Cyprus banks are safe from exposure to Russia

https://knews.kathimerini.com.cy/en/news/petrides-cyprus-banks-are-safe-from-exposure-to-russia

The economic sanctions imposed against Russia following the invasion of Ukraine are not affecting Cyprus to a large extent as the island’s banking system has no exposure to Russia...

30. IMF: Forecasts for global recovery reduced to 4.4% for 2022

https://knews.kathimerini.com.cy/en/business/imf-forecasts-for-global-recovery-reduced-to-4-4-for-2022

"The world economy is entering 2022 weaker than previously expected," the International Monetary Fund said in a statement on economic forecasts for the new year. Pandemic, inflation and climate crisis will determine global growth, according to a report by the International Monetary Fund (IMF)....

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