https://knews.kathimerini.com.cy/en/business/small-number-of-banks-meeting-new-loan-demand
The net demand for loans from businesses in Cyprus decreased in the third quarter of 2022, and banks anticipate a similar decline in the net demand for loans from businesses and households in all loan categories in the fourth quarter of 2022 compared to the third quarter.
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https://knews.kathimerini.com.cy/en/business/european-institute-of-management-and-finance-establishes-the-centre-of-good-governance
Considering the need to tackle weak and precarious governance structures evident in both private and public entities, the European Institute of Management and Finance (EIMF) has established the Centre for Good Governance (CGG) in an effort to enhance governance at all levels and in all fields. ...
https://knews.kathimerini.com.cy/en/business/cyta-expects-€400-million-in-revenue-this-year
Deputy Chairman of the Committee Chrysis Pantelides told CYTA after discussing the organization's budget for 2023 that CYTA is a very good example of a profitable and robust semi-governmental organization that should remain in the ownership of the state so that the public and society at large reap these important benefits....
https://knews.kathimerini.com.cy/en/business/world-cup-2022-solution-found-for-the-beer-ban-in-qatar
Before the host country banned alcohol consumption inside and outside the stadiums at the last minute, a solution for the... warehouse of beers supplied by Budweiser for this year's World Cup was finally found....
https://knews.kathimerini.com.cy/en/business/raising-the-black-friday-bar
This year's Black Friday is expected to be much stronger and more appealing to consumers than last year's Black Friday. Following the tepid and disappointing performance of 2021, market participants believe this is the case. ...
https://knews.kathimerini.com.cy/en/business/boc-profits-for-first-nine-months-gobbled-up-by-voluntary-retirement-plan
The bank reported 9 million euro losses following the summer departure of 550 employees, which cost it 104 million....
https://knews.kathimerini.com.cy/en/business/amazon-announces-immediate-layoffs-of-10-000-workers
Amazon plans to lay off approximately 10,000 employees from administrative and other positions in its technology departments....
https://knews.kathimerini.com.cy/en/business/zuckerberg-says-sorry-as-meta-lays-off-1-000-employees
Facebook parent company Meta on Wednesday said it is laying off 11,000 employees, marking the most significant job cuts in the tech giant’s history....
https://knews.kathimerini.com.cy/en/news/archbishop-chrysostomos-ii-leaves-a-historical-legacy
Archbishop Chrysostomos II left legacies that will be honored and remembered for their foresight and temerity....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-merchants-of-death
People trafficker. A profitable “profession.” A high-risk profession, of course, because the business may sink. In this case, literally. Then 18, 50, 100 lives could be lost, including small children....
https://knews.kathimerini.com.cy/en/news/the-future-of-the-banking-sector-is-digital-green-and-social
The future of the banking sector is digital, green and social, said the participants at the 3rd online FMW Conference, titled "Banking System: New Challenges and Opportunities". The Conference also highlighted the contrast between trying to tame inflation by raising interest rates and supporting vulnerable groups to avoid social unrest....
https://knews.kathimerini.com.cy/en/life/world-animal-day-the-importance-of-animals-in-our-lives
October 4 was designated World Animal Day because it coincides with the feast of St. Francis of Assisi, who has been proclaimed by the Catholic Church as the patron saint of animals and nature. It was first celebrated in 1931 at a conference of environmentalists in Florence, as a way of raising public and scientific awareness of endangered animals. Since then, the feast day has expanded to include all species of the animal kingdom....
https://knews.kathimerini.com.cy/en/business/global-fintech-market-resilient-in-h1-22-$107-8-billion-in-investment-according-to-kpmg-s-pulse-of-fintech
Global fintech investment declined from $111.2 billion in H2’21 to $107.8 billion in H1’22, but remained remarkably resilient compared to historical trends given the challenges affecting the broader investment market, including geopolitical uncertainty, growing inflation, and increasing interest rates. ...
https://knews.kathimerini.com.cy/en/news/eu-countries-approve-energy-windfall-levies-turn-to-gas-price-cap
European Union countries agreed on Friday to impose emergency levies on energy firms’ windfall profits and began talks on their next move to tackle Europe’s energy crunch – possibly a bloc-wide gas price cap....
https://knews.kathimerini.com.cy/en/news/cyprus-wants-eu-exemption-from-energy-cutback
Cyprus is gearing up to request on Friday an exemption from EU measures that would call on member states to reduce their energy demand as well as cap company profits from Russian oil...
https://knews.kathimerini.com.cy/en/business/cypriot-businesses-face-serious-issues-but-still-expect-to-turn-a-profit
What are the main problems for Cypriot businesses (table)
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https://knews.kathimerini.com.cy/en/news/dog-s-day-out-an-event-hosted-by-nicosia-dog-shelter-and-max-and-frida
Nicosia Dog Shelter - Nicosia Dog Shelter - and Max and Frida's frozen dog dessert, on the occasion of World Animal Day, are organising the Dog's Day Out Event!...
https://knews.kathimerini.com.cy/en/business/profits-of-€55-4-million-in-first-half-of-2022-for-hellenic-bank
Hellenic Bank reported a profit of EUR 55.4 million for the first half of 2022, compared to a profit of EUR 21 million in the corresponding half of 2021....
https://knews.kathimerini.com.cy/en/news/ft-the-bank-of-cyprus-lone-star-deal-is-not-just-about-price
Cyprus has attracted a different sort of visitor recently. US buyout group Lone Star has taken an interest in Bank of Cyprus, the island nation’s largest lender....
https://knews.kathimerini.com.cy/en/news/ec-to-force-energy-companies-to-share-their-profits
The European Commission plans to raise more than €140 billion to relieve consumers from soaring energy prices, according to Reuters, by "taking a chunk of the revenue from low-cost electricity producers and forcing fossil fuel companies to share their huge profits. ...
https://knews.kathimerini.com.cy/en/news/anna-luhrmann-speaks-to-k-with-a-view-to-strengthening-cypriot-german-relations
German State Secretary for Foreign Affairs Foreign Affairs, Anna Luhrmann, arrived in Cyprus on an official visit and spoke to "K" about the current developments in the eastern Mediterranean and the war in Ukraine. ...
https://knews.kathimerini.com.cy/en/news/80m-euros-per-year-in-fuel-tax-is-lost-to-the-occupied-areas
The issue of fuel supply from the occupied territories seems to be taking on a dimension of its own as the Association of Petrol Distributors is preparing to file a complaint with the European Union....
https://knews.kathimerini.com.cy/en/news/updates-from-the-presidential-campaign-trail
The Cyprus problem, women's issues and policemen's salaries, as well as agricultural policy and the illegal supply of fuel from the Turkish-occupied areas, were some of the issues which were put forward by presidential candidates on the election campaign trail on Wednesday....
https://knews.kathimerini.com.cy/en/news/cypriot-airlines-dismiss-rumors-of-post-pandemic-ripple-effect
Airlines operating out of the Republic of Cyprus reportedly have denied rumors that they could be going under, following trouble with Romanian Blue Air and a Bloomberg report warning about the island’s two carriers...
https://knews.kathimerini.com.cy/en/news/russia-has-amassed-huge-profits-from-fuel-despite-sanctions
Russia has amassed €158 billion in revenues from fossil fuel exports in the six months of its war against Ukraine, benefiting from high prices, according to a study by an independent think tank published today, which calls for more effective sanctions....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-announces-€50m-net-profit-in-first-half-of-2022
Bank of Cyprus announced a profit after tax amounting to €50 million for the first half of 2022, setting its sights on dividend distribution in 2023, for the first time since 2011, depending on market conditions and regulatory approvals....
https://knews.kathimerini.com.cy/en/news/pakistan-s-floods-fueled-by-its-melting-glaciers
A series of extreme floods have utterly devastated the South Asian nation, which is home to some 225 million people, washing away roads and buildings, destroying farms, and stranding hundreds of thousands. ...
https://knews.kathimerini.com.cy/en/news/greek-cypriots-bring-in-millions-in-food-and-fuel-purchases-says-t-c-newspaper
Turkish Cypriot newspaper "Kibris" claims that thousands of Greek Cypriots visit the occupied territories every day to shop for fuel and food, which, thanks to the exchange rate, is much cheaper than in the controlled areas of the Republic....
https://knews.kathimerini.com.cy/en/news/turkey-doubles-russian-oil-imports-filling-eu-void
Turkey doubled its imports of Russian oil this year, Refinitiv Eikon data showed on Monday, as the two countries are set for broader cooperation in business and especially energy trade in the face of western sanctions against Moscow....
https://knews.kathimerini.com.cy/en/business/nexters-reports-record-breaking-quarterly-revenues-of-$126-million
Nexters, an international game development company headquartered in Limassol, today released financial and operational results for the first quarter of 2022 and announced the changes to the board of directors: ...
