https://knews.kathimerini.com.cy/en/news/parliament-caps-future-multiple-pensions-but-current-officials-still-cash-in
Cypriot lawmakers have finally taken steps to curb the controversial practice of multiple pensions for state officials, but not just yet....
https://knews.kathimerini.com.cy/en/news/scandal-deepens-in-socialite-crime-ring-case-as-family-returns-to-court
The scandal surrounding a 37-year-old businesswoman and socialite at the center of a suspected organized crime ring in Cyprus took a darker turn this week, with her parents and brother once again brought before the Nicosia District Court....
https://knews.kathimerini.com.cy/en/news/student-grant-system-under-fire-over-payouts-to-the-wrong-people
The Office of the Auditor General has raised concerns over how student scholarships are awarded and paid out in Cyprus, following a 2023 audit that found gaps and procedural problems in the system....
https://knews.kathimerini.com.cy/en/news/ecthr-orders-€18-000-payout-to-cypriot-company-over-famagusta-property-claim
The European Court of Human Rights (ECtHR) has ordered Turkey to pay €18,000 in damages and legal fees to Cypriot company K.V. Mediterranean Tours Ltd., over delays in handling a property claim in the fenced-off area of Famagusta....
https://knews.kathimerini.com.cy/en/business/boc-eyes-bigger-role-in-your-financial-future
Beyond its moves into the insurance sector, Bank of Cyprus is actively exploring additional ways to increase the bank’s overall value. ...
https://knews.kathimerini.com.cy/en/news/cash-back-coming-as-2013-crisis-victims-set-for-payouts-in-2025
A long-awaited boost is on the way for individuals hit hardest by Cyprus’ 2013 banking crisis. On June 6, the National Solidarity Fund (NSF) Committee finalized the structure of the 2025 Loss Compensation Plan, set to roll out later this summer....
https://knews.kathimerini.com.cy/en/business/new-eu-rules-mean-less-compensation-for-travelers
If you’re heading off on holiday this summer, hoping your flight goes smoothly, here’s something to keep in mind: the EU just agreed on new rules that cut the amount airlines have to pay passengers when flights are delayed....
https://knews.kathimerini.com.cy/en/news/jumbo-eyes-larnaca-and-protaras-for-future-expansion-but-no-timeline-yet
Retail giant Jumbo has confirmed its interest in opening two new stores in Cyprus, one in Larnaca and another in Protaras, but clarified that there’s no set plan or timeframe at this stage. ...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-posts-€508m-profit-for-2024
Bank of Cyprus has posted impressive results for 2024, reporting net profits of €508 million, marking a 4% increase from the previous year’s €487 million. The results reflect the bank's strong performance and growth, despite slight fluctuations in some areas....
https://knews.kathimerini.com.cy/en/business/eurobank-moves-for-full-control-of-hellenic-bank-in-major-takeover-push
February is shaping up to be a pivotal month for Hellenic Bank, as key financial moves unfold, including a full takeover bid by major shareholder Eurobank, the completion of key acquisitions, and a voluntary exit plan for employees....
https://knews.kathimerini.com.cy/en/news/rik-welfare-fund-scandal-taxpayers-on-the-hook-for-mismanaged-millions
A potential case of misappropriation of public funds has emerged involving the Cyprus Radio Broadcasting Corporation's (RIK) Welfare Fund, according to findings from the Parliamentary Control Committee....
https://knews.kathimerini.com.cy/en/business/dimitra-shareholders-face-tough-decision-over-logicom-s-€1-55-offer
The decision facing thousands of shareholders of Dimitra Investment is not an easy one....
https://knews.kathimerini.com.cy/en/news/depositors-affected-by-2013-banking-crisis-to-be-compensated-in-may
Cypriots who lost their savings during the 2013 banking crisis will finally begin receiving compensation this May, according to Finance Minister Makis Keravnos. ...
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/business/fired-paphos-polis-road-contractor-wants-€35-million-payout
The Cyprus government has formally terminated its contract with Intrakat, a Greek construction company, for the long-awaited Paphos-Polis Chrysochous motorway, citing severe delays and excessive demands from the contractor....
https://knews.kathimerini.com.cy/en/news/astrazeneca-faces-lawsuits-over-vaccine-s-rare-blood-clotting-risk
AstraZeneca has admitted that its COVID-19 vaccine could cause a rare but deadly blood-clotting condition, potentially exposing the UK pharmaceutical......
https://knews.kathimerini.com.cy/en/news/mp-neofytou-proposes-11-000-immediate-payout-for-solidarity-fund-recipients
Democratic Rally MP Averof Neophytou has unveiled a groundbreaking initiative aimed at alleviating financial burdens for beneficiaries of the Solidarity Fund....
https://knews.kathimerini.com.cy/en/news/court-denies-payouts-to-helios-crash-victims-families
The Court of Appeal, in a majority decision, dismissed the appeals of the children of two deceased passengers of the ''Helios'' airline, who sought compensation from the Republic of Cyprus for the loss of their parents....
https://knews.kathimerini.com.cy/en/news/government-faces-backlash-over-officials-salary-surge
In a significant move, a deal signed on July 28, 2017, not only marked the revival of the institution but also propelled the salaries of officials to new heights.
...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-posts-nearly-half-a-billion-euro-profit-in-2023
Bank of Cyprus reported a robust profit of €487 million for the fiscal year 2023, as announced by Group CEO Panicos Nikolaou during the presentation of the bank's financial results....
https://knews.kathimerini.com.cy/en/news/investigation-urged-as-state-contracts-lead-to-€6-4m-payout
In a recent address, Deputy Dipa Alekos Tryfonidis called attention to questionable agreements, urging an investigation into the responsible parties behind a contract resulting in a hefty 6.4 million euros compensation payout....
https://knews.kathimerini.com.cy/en/news/meta-ceo-to-receive-$700m-dividend
Mark Zuckerberg, the CEO of Meta, the parent company overseeing Facebook, Instagram, and WhatsApp, anticipates an annual dividend of $700 million (£549 million), according to recent announcements....
https://knews.kathimerini.com.cy/en/news/usa-alabama-makes-history-with-first-nitrogen-gas-execution
In a historic move, Alabama carried out the execution of convicted murderer Kenneth Eugene Smith, making it the first state to use nitrogen gas for an execution. Smith, 58, was declared dead at 8:25 p.m. Thursday after a process that involved visible convulsions and shaking....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-gears-up-for-investment-talks-in-new-york
Bank of Cyprus has packed its bags for New York as it gears up to meet with the investment community at the Athens Stock Exchange's conference in collaboration with JPMorgan on the 25th of this month.
...
https://knews.kathimerini.com.cy/en/news/wizz-air-forced-to-pay-£1-2m-in-compensation
Thousands of passengers have scored a significant victory against budget airline Wizz Air, as the Civil Aviation Authority (CAA) reveals a landmark compensation payout of £1.2 million....
https://knews.kathimerini.com.cy/en/news/european-data-shows-low-interest-payouts-by-cypriot-banks
Cypriot banks rank second to last among European banks in terms of paying interest on total household deposits, according to data released on Wednesday by the European Banking Authority (EBA), as part of its annual risk assessment of the European banking system....
https://knews.kathimerini.com.cy/en/news/abramovich-tied-to-putin-s-wallets-in-cyprus-scandal
The fallout from the "Cyprus Confidential" probe implicating Cyprus in dealings with Russian oligarchs continues to send shockwaves. Leaked documents obtained by the BBC expose a money trail connecting oligarch Roman Abramovich to individuals referred to as President Vladimir Putin's 'wallets.'...
https://knews.kathimerini.com.cy/en/business/ssm-chief-urges-banks-to-be-prudent-amidst-soaring-profits
The Chairman of the Single Supervisory Mechanism (SSM), Andrea Enria, has emphasized that the gains from high interest rates for banks will eventually come to an end....
https://knews.kathimerini.com.cy/en/news/italian-court-awards-€130-000-to-great-grandson-of-world-war-ii-victim
Relatives of six Italian men hanged by German troops during World War Two are set to receive hundreds of thousands of euros in compensation for their families' trauma....
https://knews.kathimerini.com.cy/en/business/boc-reports-€220-million-profit-for-first-half-of-2023
Bank of Cyprus Group has reported a robust profit after tax of €220 million for the first half of 2023, a significant leap from the €43 million recorded in the same period of 2022. Notably, €125 million of these profits were achieved in the second quarter of 2023....
