https://knews.kathimerini.com.cy/en/news/multicare-elite-by-universal-life-delivers-unparalleled-medical-coverage-with-the-highest-limits-in-cyprus
Interview with Accident & Health Manager of Universal Life Stelios Sofroniou...
https://knews.kathimerini.com.cy/en/news/boc-fintech-hackathon-5-0-where-the-fintech-nation-begins
The Bank of Cyprus is organizing the 5th BoC Fintech Hackathon 5.0, focused on innovative technologies in the financial sector (Fintech), on October 18-20, 2024. It will be held in person at the IDEA Innovation Center....
https://knews.kathimerini.com.cy/en/news/christodoulides-backs-eurobank-s-big-move-into-india
President Nikos Christodoulides has shown strong support for Eurobank’s plan to expand into India, seeing it as a significant chance to boost business ties between Cyprus and one of the world's largest economies....
https://knews.kathimerini.com.cy/en/news/starlink-s-finances-frozen-in-brazil-after-legal-conflict-with-elon-musk-s-x
Brazil's top judge has ordered a freeze on the finances of Elon Musk's satellite internet service, Starlink, preventing the company from conducting financial transactions in the country....
https://knews.kathimerini.com.cy/en/news/ecb-cuts-cypriot-bond-holdings-to-€6-38-billion
The value of Cypriot sovereign bonds held by the Eurosystem, as part of the Public Sector Purchases Programme (PSPP) and the Pandemic Emergency Purchases Programme (PEPP) declined to €6.38 billion......
https://knews.kathimerini.com.cy/en/business/paphos-man-loses-€200-000-in-online-fraud-scheme
Police are investigating a new online fraud case involving a large sum of money after a 67-year-old man reported being swindled out of €200,000. The complaint was filed today at the Paphos Police Station, according to Cyprus Police....
https://knews.kathimerini.com.cy/en/news/fake-contests-and-phishing-scams-surge-warns-cyprus-consumers-association
The Cyprus Consumers Association (CSC) has issued a warning about a surge in consumer fraud, where cunning individuals employ various tricks to extort money from unsuspecting victims. ...
https://knews.kathimerini.com.cy/en/news/french-firm-warns-of-halt-on-cyprus-crete-cable-over-payments
The second meeting of the Commission overseeing the Cyprus-Crete electric cable project, which included representatives from IPTO, the energy ministries of Cyprus and Greece, and the energy regulators from both countries, ended with no significant progress....
https://knews.kathimerini.com.cy/en/business/eurobank-completes-takeover-of-hellenic-bank
Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., has successfully completed its mandatory takeover bid for Hellenic Bank Public Company Limited. ...
https://knews.kathimerini.com.cy/en/news/gesy-reserve-fund-soars-to-€590-million
The General Healthcare System (GESY) reserve fund remains high at approximately €590 million, exceeding international best practices......
https://knews.kathimerini.com.cy/en/news/cyprus-non-cash-payment-value-hits-€129-billion
Non cash payments in Cyprus in the second half of 2023 rose by 12% year on year to €129 billion with total transactions amounting to 152 million marking an annual increase of 15%, the Central Bank of Cyprus (CBC) has said....
https://knews.kathimerini.com.cy/en/news/cyprus-could-face-financial-strain-over-vasilikos-debacle
The abandonment of the Vasilikos terminal project by a Chinese consortium has triggered a cascade of financial and operational challenges for Cyprus, with substantial implications for state finances and energy infrastructure....
https://knews.kathimerini.com.cy/en/comment/opinion/former-ministers-to-pay-fines-after-interconnector-tax-probe
Fines and fees for former officials linked to Interconnector companies....
https://knews.kathimerini.com.cy/en/business/bank-of-england-cuts-interest-rates-after-nearly-a-year-of-stability
The Bank of England (BoE) has cut interest rates for the first time since the start of the COVID-19 pandemic, dropping them from a 16-year high. This decision, made by a narrow 5-4 vote, reflects a split among policymakers about whether inflation is under control....
https://knews.kathimerini.com.cy/en/comment/opinion/70-of-cypriots-and-greeks-choose-card-payments-over-cash
We are moving ever closer to abolishing cash for consumers and businesses....
https://knews.kathimerini.com.cy/en/news/cyprus-government-rakes-in-over-€424m-in-surpluses-this-year
Cyprus has reported a substantial budget surplus of €424.5 million for the first half of 2024, a huge increase from the €62 million surplus during the same period last year. ...
https://knews.kathimerini.com.cy/en/news/nicosia-municipality-embraces-digital-era-ends-cheque-payments
In a significant shift towards modernization, the Nicosia Municipality announced it will no longer accept cheque payments, urging residents to transition to electronic and card-based payment methods. ...
https://knews.kathimerini.com.cy/en/news/police-seize-truck-with-unmarked-meat-heading-for-occupied-side
On July 25, 2024, Cypriot authorities seized a commercial truck attempting to transport over two tonnes of unmarked fresh meat to the occupied territories from an unauthorized crossing point, following a notification from the police....
https://knews.kathimerini.com.cy/en/business/online-booking-scams-skyrocket
Scams involving online booking platforms have exploded over the past 18 months, with fraudsters increasingly targeting tourists, according to a report by Kathimerini.gr....
https://knews.kathimerini.com.cy/en/news/cyprus-requests-€89-2m-in-eu-grants-for-recovery-plan
The European Commission received a payment request on Thursday from Cyprus for €89.2 million in grants, netting €76.9 million after pre-financing....
https://knews.kathimerini.com.cy/en/news/cbc-to-keep-dividends-low-despite-bank-profits
The increased profitability of Cypriot banks, will not affect the supervisory authorities’ views over the necessity to maintain a prudent policy with respect to banks’ dividend payments, the Central Bank of Cyprus said in its annual report for 2023, published on Wednesday....
https://knews.kathimerini.com.cy/en/news/auditor-general-challenges-pension-misconduct-claims
Auditor-General Odysseas Michaelides addressed several contentious issues during the third day of hearings at the Supreme Judicial Council, which is reviewing Attorney General George Savvides' request to dismiss Michaelides for alleged misconduct....
https://knews.kathimerini.com.cy/en/news/nicosia-police-collects-over-€100-000-in-fines
In a recent enforcement drive spearheaded by the Nicosia Police Directorate on Tuesday, authorities announced the execution of 209 fine warrants, resulting in the collection of €101,582.56. ...
https://knews.kathimerini.com.cy/en/news/eu-funds-drive-cyprus-organic-plant-production-with-€5-2m
The Cyprus Agricultural Payments Organization (CAPO) has disbursed over 5 million euros to beneficiaries under Action A.A. 1.4 - Organic Plant Production of Cyprus' Strategic CAP Plan for the 2023-2027 programming period....
https://knews.kathimerini.com.cy/en/news/great-seat-interconnector-study-outlines-benefits-july-11
The Greek Regulatory Authority for Energy (RAAEU) has made a significant decision regarding the methodology for calculating the regulated revenue......
https://knews.kathimerini.com.cy/en/news/electronic-building-permit-applications-start-july-1-in-cyprus
Starting Monday, July 1, 2024, the Cyprus Ministry of Interior will mandate the electronic submission and examination of applications for building permits, following the Roads and Buildings Regulation Law.
...
https://knews.kathimerini.com.cy/en/comment/opinion/why-building-a-home-is-rare-today
As discussed in our previous article, the housing landscape in our country is changing, with home ownership rates decreasing and aligning with the European average. ...
https://knews.kathimerini.com.cy/en/news/kedipes-hits-€1-36b-milestone-in-state-aid-repayments
KEDIPES has announced a €60 million cash repayment made on June 26, 2024, as part of its ongoing efforts to repay state aid received by the former......
https://knews.kathimerini.com.cy/en/news/ministry-maintains-€300-fine-for-running-red-lights
On Thursday, the Minister of Transport, Communications, and Works, Alexis Vafeadis, was briefed on various legislative proposals submitted by parliamentarians....
https://knews.kathimerini.com.cy/en/news/public-sector-doctors-to-strike-over-pay-dispute
Public sector doctors in Cyprus are set to embark on a 48-hour strike starting July 2, following failed negotiations with the State Health Services Organisation (SHSO) regarding the payment of accrued wages under an incentive agreement....
