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....
https://knews.kathimerini.com.cy/en/news/student-hands-out-€15k-at-nicosia-school
Police are investigating an unusual incident at a Nicosia high school where a student brought 15,000 euros in cash and distributed it to classmates, authorities said.
...
https://knews.kathimerini.com.cy/en/comment/opinion/the-cost-of-the-subsidies-is-borne-by-the-state-not-the-citizens
''I am committed to lowering electricity prices,'' Minister of Energy Mr. Papanastasiou told us when he assumed office. Since then, we’ve watched in dismay as electricity prices have steadily risen, with various justifications that no longer convince anyone....
https://knews.kathimerini.com.cy/en/news/lidl-cyprus-gives-new-life-to-fruit-and-vegetables-with-the-choose-me-bag
With a new initiative, Lidl Cyprus invites all its customers to choose the "Choose me" bag and help reduce food waste, while saving money on their daily purchases....
https://knews.kathimerini.com.cy/en/news/tesla-surges-12-on-trump-s-election-win-musk-s-$75m-bet-pays-off
Tesla shares surged 12% in early trading Wednesday following Donald Trump’s victory in the U.S. presidential election, as investors anticipated potential advantages for Tesla and its CEO Elon Musk, a major Trump backer....
https://knews.kathimerini.com.cy/en/news/cypriot-father-volunteers-to-clean-pallouriotissa-lyceum-windows
A social media post from Pallouriotissa Lyceum has captured public attention, spotlighting a father’s selfless contribution to the school.
...
https://knews.kathimerini.com.cy/en/news/76-year-old-scammed-out-of-€145-000-by-fake-un-major
A 76-year-old woman has fallen victim to an online scam that drained €145,000 from her bank accounts, prompting a police investigation into the incident. ...
https://knews.kathimerini.com.cy/en/news/halloween-haunt-supreme-court-digs-into-cyprus-black-magic-case
In a story straight out of a Halloween nightmare, a strange case with all the trappings of black magic, mysticism, and potions found its way to Cyprus' Supreme Court, fittingly coinciding with Halloween.
...
https://knews.kathimerini.com.cy/en/business/cyprus-plans-€10-000-cash-limit-to-fight-money-laundering
According to Kathimerini's Pavlos Neophytou, the Cyprus government is considering a new law to cap cash transactions at €10,000 for buying goods and services, aiming to crack down on money laundering. ...
https://knews.kathimerini.com.cy/en/news/usa-georgia-teen-wins-top-prize-for-device-that-detects-pesticides
Sirish Subash, a 9th grader from Snellville, Georgia, has been named ''America’s Top Young Scientist'' after creating an innovative handheld device that detects pesticide residues on fruits and vegetables....
https://knews.kathimerini.com.cy/en/news/ex-transport-minister-and-associates-headed-for-trial
Former Transport Minister Marios Demetriades and nine other individuals, including his relatives and two companies, are set for trial in Cyprus’ top court on charges linked to the controversial Cyprus Investment Programme (CIP)....
https://knews.kathimerini.com.cy/en/news/euronet-remains-only-bidder-in-delayed-jcc-payment-systems-sale
The process for the sale of JCC Payment Systems, which began confidentially over the summer, appears to have hit a "snag," with Euronet as the only prospective buyer.
...
https://knews.kathimerini.com.cy/en/news/germany-€60-billion-budget-shortfall-rocks-europe-s-largest-economy
Germany’s tax revenues are projected to fall nearly €60 billion short of earlier expectations over the next five years, intensifying budget challenges for Chancellor Olaf Scholz’s government and straining the already fragile three-party coalition....
https://knews.kathimerini.com.cy/en/news/church-and-nightclub-owners-under-investigation-for-embezzlement-and-money-laundering
A significant investigation has been launched into allegations of embezzlement and money laundering involving two high-ranking officials from the Catholic Church of Greece and five nightclub owners in the Peloponnese region. ...
https://knews.kathimerini.com.cy/en/news/the-new-era-of-accounting-services-a-complete-solution-for-cfos
Comprehensive Solutions for CFOs in the Modern Accounting Landscape, in the fast-paced business world of today, strategic financial management has become increasingly critical....
https://knews.kathimerini.com.cy/en/comment/opinion/goodbye-and-thanks-for-all-the-halloumi
I depart Cyprus after a little over two years as the British High Commissioner. What are my main reflections?...
https://knews.kathimerini.com.cy/en/news/cypriots-linked-to-$75-million-money-laundering-probe-in-the-french-riviera
French authorities have seized about $75 million worth of real estate and luxury cars in the French Riviera as part of a money-laundering investigation involving two Russian businessmen who hold Cypriot citizenship, according to a published report on the OCCRP.org website. ...
https://knews.kathimerini.com.cy/en/comment/opinion/cypriot-banks-sending-loans-abroad-a-growing-risk
Yesterday, I had a conversation with someone who truly understands banking—probably more knowledgeable than many who think they do....
https://knews.kathimerini.com.cy/en/business/spike-in-suspicious-transactions-as-cyprus-freezes-over-€25-million-in-illicit-assets
Reports of suspicious transactions in Cyprus have risen sharply in 2023, reaching levels similar to those in 2021, as per a story by Kathimerini's Dorita Yiannakou....
https://knews.kathimerini.com.cy/en/news/1-elon-musk-s-$1-million-giveaway-to-voters-raises-legal-red-flags
Elon Musk, the billionaire owner of Tesla, SpaceX, and X (formerly Twitter), has committed to giving away $1 million daily to voters who sign his political action committee's (PAC) petition supporting constitutional rights....
https://knews.kathimerini.com.cy/en/news/israel-targets-hezbollah-linked-bank-in-air-strikes-on-beirut
Israel launched multiple air strikes across Beirut and southern Lebanon, targeting Hezbollah strongholds, including branches of a bank accused of financially supporting the militant group. ...
https://knews.kathimerini.com.cy/en/news/scam-warning-don-t-fall-for-fake-delivery-fees-from-cyprus-post
The Cyprus Police are urging the public to exercise caution following reports of a new scam involving fraudulent emails related to package deliveries....
https://knews.kathimerini.com.cy/en/news/elon-musk-donates-over-$70m-to-boost-trump-gop-in-2024-election
Elon Musk, the world's wealthiest individual, contributed more than $70 million to support Donald Trump and Republican campaigns in the upcoming November elections, according to recent campaign finance disclosures....
https://knews.kathimerini.com.cy/en/business/cyprus-investment-funds-grow-to-€9-4-billion-in-2024
Investment companies in Cyprus collectively manage assets worth €9.4 billion, with the amount growing by about 2.9% in the second quarter of 2024 but still below last year's figures....
https://knews.kathimerini.com.cy/en/news/frustrated-graduates-flee-abroad-as-job-markets-fail-them
Over the past two decades, an educational revolution swept through much of the developing world. ...
