https://knews.kathimerini.com.cy/en/business/tariffs-reforms-and-rate-cuts-2025-s-economic-balancing-act
As we look ahead to 2025, experts at UBS are forecasting steady global economic growth, but not without a few bumps along the way....
https://knews.kathimerini.com.cy/en/news/prisoner-freed-by-cnn-news-crew-turns-out-to-be-assad-regime-torturer
In a bizarre twist that reads like a thriller, a recent CNN report went viral for helping to free a Syrian prisoner — but the man they rescued turned out to be not just any detainee. He was a notorious member of Bashar al-Assad's regime, reportedly involved in torturing civilians....
https://knews.kathimerini.com.cy/en/news/how-assad-s-regime-stashed-millions-while-syria-crumbled
It turns out, while Syria was crumbling under war and sanctions, Bashar al-Assad’s regime was quietly flying millions in cash to Moscow....
https://knews.kathimerini.com.cy/en/news/is-dubai-cracking-down-on-drug-lords-and-money-launderers
Dubai’s glitzy reputation as a playground for Europe’s most notorious drug lords and money launderers may finally be under threat....
https://knews.kathimerini.com.cy/en/business/hungarian-women-held-over-€58-5m-property-case
Two women, aged 61 and 53, are facing serious charges tied to the alleged illegal sale of Greek Cypriot properties worth €58.5 million in the occupied areas of Akanthos, Ayios Ambrosios, and Kalograia. ...
https://knews.kathimerini.com.cy/en/news/no-last-chances-—-the-uk-s-view-on-cyprus-nato-and-post-brexit-hurdles
In an interview with Kathimerini's Marina Economidou , British High Commissioner to Cyprus, Michael Tatham, doesn’t shy away from addressing some of the more pressing and controversial issues shaping relations between the UK and Cyprus....
https://knews.kathimerini.com.cy/en/news/stella-michaelidou-aids-ngo-president-arrested-in-alleged-€122k-fraud-case
Police have arrested Stella Michaelidou, the 66-year-old president of the Support Centre for People Living with HIV/AIDS (K.Y.F.A.A.), amid serious financial fraud charges....
https://knews.kathimerini.com.cy/en/news/charity-president-arrested-in-€120-000-fraud-case
Police have arrested a 66-year-old woman, the president of an NGO supporting patients with a specific disease, over allegations of financial fraud exceeding €120,000. The arrest took place on the evening of Monday, December 9, following a court warrant....
https://knews.kathimerini.com.cy/en/business/money-transfers-in-10-seconds-coming-to-cyprus
Starting on January 9, 2025, Cyprus will join the rest of the SEPA zone (33 countries) in offering instant bank transfers, revolutionizing how payments are made....
https://knews.kathimerini.com.cy/en/business/december-newsletter-of-k-treppides-co-ltd-06-12-2024
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/business/cyprus-parliament-approves-limit-on-large-cash-transactions
Cyprus lawmakers have taken a significant step in tackling money laundering and illegal activities by approving a proposal to limit large cash transactions....
https://knews.kathimerini.com.cy/en/news/vietnamese-tycoon-can-avoid-death-penalty-by-repaying-$9-billion
Truong My Lan, a 68-year-old property tycoon from Vietnam, has been sentenced to death for embezzling a staggering $27 billion in one of the country's largest fraud cases....
https://knews.kathimerini.com.cy/en/business/cybersecurity-and-ict-risks-emerge-as-leading-drivers-of-operational-risk
Geopolitical tensions have significantly increased operational risks, particularly in the areas of cyber and digital threats, as well as risks related to money laundering and sanctions compliance....
https://knews.kathimerini.com.cy/en/news/court-hands-down-stiff-sentences-in-major-extortion-and-embezzlement-case
In a significant move against financial crime, the Criminal Court in Larnaca has handed down tough sentences to two men involved in an elaborate scheme of extortion, embezzlement, and money laundering. ...
https://knews.kathimerini.com.cy/en/news/vatican-faces-pension-crisis-despite-its-wealth
Pope Francis made a surprising announcement this week, revealing that the Vatican's pension fund is in serious trouble and might not be able to pay pensions in the future unless big changes are made....
https://knews.kathimerini.com.cy/en/news/government-faces-labor-strikes-as-key-sectors-demand-action
Cyprus is grappling with escalating labor unrest in its most crucial industries, as healthcare, construction, and tourism workers push for long-standing demands. ...
https://knews.kathimerini.com.cy/en/business/spain-fines-ryanair-and-other-low-cost-airlines-€179m-for-abusive-practices
Spain's Ministry of Consumer Affairs has slapped five major low-cost airlines with hefty fines totaling €179 million for a range of alleged abusive practices, including charging extra fees for hand luggage. ...
https://knews.kathimerini.com.cy/en/comment/opinion/vafeadis-everyone-is-responsible-for-their-own-car
''Everyone is responsible for their own car,'' said the Minister of Transport, Mr. Vafeadis, regarding the problematic – and deadly – airbags found in tens of thousands of unsuspecting drivers’ cars on Cypriot roads...
https://knews.kathimerini.com.cy/en/news/are-you-driving-an-unsafe-car-gaps-in-recall-alerts-spark-concern-in-cyprus
Car safety in Cyprus is under the spotlight as gaps in the vehicle recall system are leaving drivers unknowingly at risk. ...
https://knews.kathimerini.com.cy/en/news/cyprus-reunification-off-the-table-says-former-u-s-ambassador-warns-europe-not-to-rely-on-u-s
A statesman, a diplomat, and a patriot, John Koenig is the epitome of dedication to service and diplomacy. With a career spanning over three decades, he has served in pivotal roles across the globe, from his time as U.S. Ambassador to Cyprus from 2012 to 2015 to his earlier postings in Belgium, Greece, Indonesia, Italy, and the Philippines.
...
https://knews.kathimerini.com.cy/en/business/laiki-bank-liquidator-raises-€90-8-million-for-depositor-compensation
According to a report by Panayiotis Rougalas in this Sunday's Kathimerini, the liquidator of the former Laiki Bank, Avgoustinos Papathomas, has achieved a key milestone in efforts to compensate creditors, particularly depositors who lost money during the bank’s 2013 collapse....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-endless-love-affair-with-unfinished-projects
''Oh Prometheus, if only you knew how much you’ve cost us, you’d blush with shame. Yet no one involved seems to care. In any case, full sails ahead.''...
https://knews.kathimerini.com.cy/en/news/experts-warn-certain-google-searches-can-lead-to-hacking
Cybersecurity experts are urging caution when using Google search, revealing that some common search terms can expose users to serious risks, including hacking and malware infections....
https://knews.kathimerini.com.cy/en/comment/opinion/old-grudges-and-gilded-memories-cypriot-politics-in-reruns
Last night, I tuned into a podcast featuring the former President of Cyprus and a Twitter Space (or "X Space") with the former DISY party leader. Oh boy, both were quite the listen....
https://knews.kathimerini.com.cy/en/news/boc-finalizes-sale-of-troubled-loans-to-boost-stability-and-growth
In September 2024, the Bank of Cyprus reached a deal with funds linked to Cerberus Global Investments B.V. to sell a portfolio of non-performing loans—primarily business loans backed by collateral. ...
https://knews.kathimerini.com.cy/en/news/mystery-still-surrounds-teen-s-€15-000-school-cash-giveaway
Authorities remain baffled over the case of a teenage student who arrived at school with €15,000 and distributed it among classmates in €50 and €100 bills....
https://knews.kathimerini.com.cy/en/news/cyprus-police-enhance-financial-crime-fighting-with-fbi-training
Cyprus police are receiving specialized training to tackle financial crimes, including money laundering and sanctions evasion, with significant assistance from the U.S. Federal Bureau of Investigation (FBI)....
https://knews.kathimerini.com.cy/en/comment/opinion/trump-s-win-coffee-with-erdogan-and-the-presidential-spin-a-dose-of-cyprus-reality
For anyone worried that Trump’s election might throw off our strategic ties with the U.S.—those essential space collaborations and our participation in the Star Wars program—the Presidential Palace has assured us that a ''close associate'' of Trump recently reached out to our very own Nicos!...
https://knews.kathimerini.com.cy/en/news/police-investigate-€15-000-found-with-student-at-nicosia-high-school
A bizarre incident that took place at a Nicosia high school in late October, involving a student distributing money to his classmates, has captured public attention and is keeping police authorities busy as they investigate the source of the money....
https://knews.kathimerini.com.cy/en/business/coffee-island-enters-india-sets-sights-on-multinational-growth
Coffee Island, the popular Greek coffee chain, is making waves in the global market with its first store opening in India, set for December in New Delhi....
