https://knews.kathimerini.com.cy/en/business/global-ipo-activity-rebounds-sharply
Q3 2020 bucked the traditionally slow IPO period as travel slowed, work from home and the markets were awash in liquidity resulting in the most active third quarter in the last 20 years by proceeds, and the second highest third quarter by deal numbers...
https://knews.kathimerini.com.cy/en/business/kpmg-property-lending-barometer-2020
https://knews.kathimerini.com.cy/en/news/cyprus-updates-risk-based-classification-of-countries
Cyprus on Tuesday issued an updated epidemiological risk-based classification of countries, including three amendments as regards Greece, Thailand and Morocco. The new classification will come into effect on August 6....
https://knews.kathimerini.com.cy/en/news/cyprus-tones-down-tourism-expectations
Cyprus Deputy Ministry for Tourism halved its target for tourist arrivals in August to 100,000 as main tour operators exclude Cyprus of their programmes...
https://knews.kathimerini.com.cy/en/news/pandemic-impact-on-tourism-poses-significant-risks-to-cyprus-economy
The European Commission’s summer economic forecast expects significant risks to the Cyprus economy as a result of the coronavirus pandemic’s impact on the tourism sector, which is predicted to see just 25% of last year’s revenues and high unemployment....
https://knews.kathimerini.com.cy/en/news/moody-s-payment-holidays-shield-cyprus-banks-in-2020-but-deterioration-likely-in-2021
Around one third of Cyprus banks’ gross loans were deferred as a result of the coronavirus pandemic, the Moody’s rating agency said Monday, noting that while the payment holiday may shield local banks in 2020, asset quality deterioration is “still very likely next year.”...
https://knews.kathimerini.com.cy/en/news/cabinet-in-tight-spot-talks-measures
The President’s Cabinet is discussing the ease of measures ahead of a meeting later this week with health experts, amid reports there could be second thoughts among scientists...
https://knews.kathimerini.com.cy/en/news/cyprus-gdp-to-suffer-severe-contraction-in-2020-projection-shows
The University of Cyprus’ Economics Research Centre has projected that the country’s GDP is set to drop by 6.9% in 2020 under a baseline scenario and by 13.1% under an adverse scenario....
https://knews.kathimerini.com.cy/en/news/coronavirus-derails-southern-europe-s-clean-up-from-the-last-crisis
This year was meant to mark a turning point for Greek and Italian banks as they finally laid the ghosts of the financial crisis to rest. Then the coronavirus struck....
https://knews.kathimerini.com.cy/en/business/cyprus-enjoys-strong-growth-prospects-but-contingent-liabilities-remain
Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs, as well as weaker external conditions, pose risks to the fiscal outlook, Scope rating agency said in commentary on Cyprus....
https://knews.kathimerini.com.cy/en/news/shift-in-global-funding-led-by-private-capital
Private equity firms now manage commitments of nearly US$3.4t globally, up from less than US$500b in 2000, and in a significant shift new capital from private markets has surpassed for capital raised in public markets for the first time ever...
https://knews.kathimerini.com.cy/en/business/insurers-need-profound-transformation-and-the-right-talent
As insurance industry growth remains stagnant for another year due to low interest rates, the shifts in consumer demographics around the world coupled with heightened expectations for digital experiences present insurers with risks and opportunities...
https://knews.kathimerini.com.cy/en/business/businesses-must-address-digital-fatigue-and-consumer-privacy
https://knews.kathimerini.com.cy/en/news/visitor-begs-for-thief-to-return-wooden-urn
A woman from Poland is pleading for the return of a wooden urn containing her son’s ashes, after her rental car was burglarized in Limassol...
https://knews.kathimerini.com.cy/en/business/growth-momentum-moderates-in-cyprus-according-to-european-commission-autumn-economic-forecast
"Growth momentum moderates" in Cyprus, according to the headline assessment of the European Commission`s Autumn Economic Forecast for the country, presented today by Commissioner Moscovici in Brussels....
https://knews.kathimerini.com.cy/en/life/cypriot-ngo-celebrates-eu-day-for-fighting-human-trafficking
The 18th of October is the EU day for fighting Human Trafficking. The NGO Cyprus Stop Trafficking (CyST) organised an event in Nicosia on the day, in order to increase awareness of this big problem occurring in Cyprus...
https://knews.kathimerini.com.cy/en/comment/opinion/mitsotakis-in-new-york-–-opportunities-substance-results
This week will see the first appearance of Prime Minister Kyriakos Mitsotakis at the United Nations General Assembly. He will make the customary speech before the plenary and be received by the UN secretary-general. However, the substance will be in the meetings that are to take place on the sidelines of the proceedings.
...
https://knews.kathimerini.com.cy/en/news/moody-s-changes-cyprus-outlook-to-positive
Rating agency Moody’s changed the outlook for the Cypriot economy to positive from stable, citing the reduction of the sovereign exposure to event risks stemming from the banking sector and the improving fiscal strength beating previous expectations...
https://knews.kathimerini.com.cy/en/business/scope-rates-cyprus-with-bbb
Scope Ratings affirmed last week the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, along with a short-term issuer rating of S-2 in both local and foreign currency, noting that all outlooks are stable...
https://knews.kathimerini.com.cy/en/business/moody-s-expects-deleveraging-to-resume-but-warns-over-small-economy-and-high-level-of-debt
The credit profile of Cyprus reflects its small but wealthy economy, improved economic resilience and the government`s fiscal outperformance in the wake of the country`s banking crisis, Moody's Investors Service has said in an annual report.
...
https://knews.kathimerini.com.cy/en/news/kastellorizo-ignored-by-turkey-in-eez-map
Turkish Foreign Minister Mevlut Cavusoglu presented a map Monday of Turkey’s exclusive economic zone (EEZ) stretching south of the southeastern Aegean island of Rhodes to a few miles west of Paphos on Cyprus’ western coast.
...
https://knews.kathimerini.com.cy/en/news/s-p-affirms-bank-of-cyprus-ratings
Standard & Poor’s affirmed on Tuesday their `B+/B` long- and short-term issuer credit ratings on Bank of Cyprus Public Co. Ltd. (BoC), noting that the outlook is stable...
https://knews.kathimerini.com.cy/en/news/cyprus-one-of-the-success-stories-of-esm
https://knews.kathimerini.com.cy/en/business/fitch-upgrades-hellenic-bank
https://knews.kathimerini.com.cy/en/news/1-exxonmobil-vp-for-europe-exploration-to-brief-cyprus-president
https://knews.kathimerini.com.cy/en/news/cypriot-bond-yields-tumble-after-stellar-bond-sale
https://knews.kathimerini.com.cy/en/news/cyprus-2019-gdp-forecast-at-3-3
https://knews.kathimerini.com.cy/en/news/exxon-discovers-oil-in-cyprus-block-10
https://knews.kathimerini.com.cy/en/news/moody-s-upgrades-bank-of-cyprus-and-hellenic-bank
https://knews.kathimerini.com.cy/en/news/tsipras-wins-confidence-vote-paving-the-way-for-prespes-deal