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12° Nicosia,
23 April, 2026
 

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Displaying results 1-30 of 280 matches for query profits.

1. Police warn of new crypto scam targeting investors in Cyprus

https://knews.kathimerini.com.cy/en/news/police-warn-of-new-crypto-scam-targeting-investors-in-cyprus

Authorities are warning the public about a new type of scam making the rounds in Cyprus, targeting people who have invested in cryptocurrencies and promising them easy profits....

2. Cyprus economy grows 3.8% in 2025 as spending and exports rise

https://knews.kathimerini.com.cy/en/news/1-cyprus-economy-grows-3-8-in-2025-as-spending-and-exports-rise

Cyprus’ economy kept a steady pace in 2025, with growth holding at 3.8% in real terms. In current prices, GDP rose by 4.9%....

3. Europe’s energy shock is Cyprus’ opportunity

https://knews.kathimerini.com.cy/en/comment/opinion/europe-s-energy-shock-is-cyprus-opportunity

The crisis triggered in Europe by Russia’s invasion of Ukraine stands as the most severe since the 1970s. It was driven largely by Europe’s heavy dependence on Russian natural gas, which disrupted about 45% of demand....

4. Elderly man loses €254,679, duped in online investment scam

https://knews.kathimerini.com.cy/en/news/elderly-man-loses-€254-679-duped-in-online-investment-scam

Police are investigating a major online fraud case after a 79-year-old man from Larnaca was tricked into sending more than €254,000 to scammers posing as investment advisers....

5. Cypriot banks see profits tumble in 2025

https://knews.kathimerini.com.cy/en/business/cypriot-banks-see-profits-tumble-in-2025

Cypriot banks saw their profits shrink in 2025 compared with the previous year, largely due to a smaller contribution from net interest income....

6. Strong year for Aegean as profits climb to €147.8 million

https://knews.kathimerini.com.cy/en/news/strong-year-for-aegean-as-profits-climb-to-€147-8-million

AEGEAN announces its operating and financial results for fiscal year 2025, confirming its consistent growth path....

7. BOC eyes strategic acquisitions in insurance, asset management and fintech

https://knews.kathimerini.com.cy/en/business/boc-eyes-strategic-acquisitions-in-insurance-asset-management-and-fintech

Bank of Cyprus says it is keeping a close watch for potential acquisitions that could add value to the group, focusing on three main areas: insurance, asset management and fintech....

8. Instagram to alert parents if teens repeatedly search for suicide or self-harm topics

https://knews.kathimerini.com.cy/en/news/instagram-to-alert-parents-if-teens-repeatedly-search-for-suicide-or-self-harm-topics

Instagram will soon notify parents if their teenage child repeatedly searches for content linked to suicide or self-harm, the company announced, in its latest move to address growing concerns over teen mental health online....

9. Cyprus’ shadow network for recruiting foreign workers

https://knews.kathimerini.com.cy/en/business/cyprus-shadow-network-for-recruiting-foreign-workers

An extensive, largely unseen system for recruiting foreign workers appears to have been operating for years behind the official structures of Cyprus’ labor market....

10. Supermarket sales surge as shoppers keep spending

https://knews.kathimerini.com.cy/en/business/supermarket-sales-surge-as-shoppers-keep-spending

Cyprus’ supermarket sector closed out 2025 on a strong note, underscoring its resilience even in a fiercely competitive market....

11. Trump launches TrumpRx, promises big discounts on prescription drugs

https://knews.kathimerini.com.cy/en/news/trump-launches-trumprx-promises-big-discounts-on-prescription-drugs

President Donald Trump unveiled TrumpRx on Thursday, a government-backed website offering deep discounts on 43 prescription medications, including insulin, fertility treatments, obesity drugs, and asthma medications....

12. Cyta posts €85 million profit as digital infrastructure investments accelerate

https://knews.kathimerini.com.cy/en/business/cyta-posts-€85-million-profit-as-digital-infrastructure-investments-accelerate

Cyprus’ state-owned telecommunications provider Cyta reported a sharp rise in profits in 2025 and outlined an ambitious new round of infrastructure investments as it presented its 2026 budget to Parliament on Monday....

13. European banks poised for €30 billion boost in interest income

https://knews.kathimerini.com.cy/en/news/european-banks-poised-for-€30-billion-boost-in-interest-income

European banks are poised for a financial rebound, with net interest income expected to climb by roughly €30 billion over the next two years, analysts say, as loan growth and strategic hedging offset the drag from lower interest rates....

14. Cyprus Tax Reform 2026: What Changed and What Stayed the Same

https://knews.kathimerini.com.cy/en/news/cyprus-tax-reform-2026-what-changed-and-what-stayed-the-same

On 22 December 2025, the House of Representatives approved a wide-ranging tax reform package, with most measures taking effect from 1 January 2026. It is not an incremental adjustment....

15. Nearly €200,000 in assets seized after major drug bust

https://knews.kathimerini.com.cy/en/news/nearly-€200-000-in-assets-seized-after-major-drug-bust

Authorities have frozen assets worth almost €200,000 belonging to a 34-year-old man already facing serious drug charges, following a deepening financial probe into his activities....

16. More tax relief for families, tougher rules for everyone else

https://knews.kathimerini.com.cy/en/news/more-tax-relief-for-families-tougher-rules-for-everyone-else

From January 1, 2026, Cyprus will officially turn the page on how it taxes income and businesses....

17. Cypriot banks see lower profits but growing assets in 2025

https://knews.kathimerini.com.cy/en/business/cypriot-banks-see-lower-profits-but-growing-assets-in-2025

Cyprus’s banking sector recorded a notable decline in profitability during the first nine months of 2025, even as its balance sheet continued to expand, according to the latest data released by the Central Bank of Cyprus....

18. Rage as a business model

https://knews.kathimerini.com.cy/en/comment/opinion/rage-as-a-business-model

As 2025 draws to a close, roughly ten technological behemoths, most based in the United States and some in the Far East, are not only widening the gap between the tiny share of the ultrarich and everyone else on the planet. ...

19. Netflix stuns Hollywood with $72 billion bid for Warner Bros.

https://knews.kathimerini.com.cy/en/business/netflix-stuns-hollywood-with-$72-billion-bid-for-warner-bros

Netflix shocked Hollywood on Friday, announcing a $72 billion deal to buy Warner Bros. and HBO, a move that could fuse one of the biggest streamers with one of the most iconic studios in the world....

20. Another day, another scam as Paphos woman loses €6,500 online

https://knews.kathimerini.com.cy/en/news/another-day-another-scam-as-paphos-woman-loses-€6-500-online

A 71-year-old woman in Paphos reported to police that she lost about €6,500 to an online investment scam posing as a government-backed platform....

21. New bank tax could ease the pinch on families, but who’s behind it?

https://knews.kathimerini.com.cy/en/news/new-bank-tax-could-ease-the-pinch-on-families-but-who-s-behind-it

A year after narrowly losing a vote in parliament, AKEL is back with a new proposal to impose an emergency tax on banks for 2025 and 2026, calling it a “solidarity levy” aimed at helping everyday Cypriots cope with rising costs....

22. Ukraine edges toward U.S. peace deal as only a few disagreements remain

https://knews.kathimerini.com.cy/en/news/ukraine-edges-toward-u-s-peace-deal-as-only-a-few-disagreements-remain

Ukraine says it has reached ''common understanding'' with the United States on nearly all major parts of Washington’s 28-point peace plan, signaling that Kyiv now disagrees with only a handful of issues as negotiations accelerate across multiple capitals....

23. He thought he’d found the perfect crypto investment, but was scammed out of €50,000

https://knews.kathimerini.com.cy/en/news/he-thought-he-d-found-the-perfect-crypto-investment-but-was-scammed-out-of-€50-000

A resident of Larnaca has reported losing €50,000 to an online investment scam, according to a statement filed with the Larnaca CID’s Financial Crime Investigation Office....

24. Cyprus banks rake in over €750 million, even as rate cuts cool

https://knews.kathimerini.com.cy/en/business/cyprus-banks-rake-in-over-€750-million-even-as-rate-cuts-cool

Cyprus’ biggest banks are still posting hefty profits this year, even as the era of sky-high earnings seen in 2023 and 2024 begins to lose steam....

25. When ''ATA for All'' becomes ATA for no one

https://knews.kathimerini.com.cy/en/comment/opinion/when-ata-for-all-becomes-ata-for-no-one

And here we are. The government’s big promises and bold declarations over the Cost-of-Living Allowance (ATA) have officially run out of road. Remember when officials were preaching “ATA for all,” even pushing protesters to turn the slogan into rally signs? ...

26. Greece targets Cyprus-linked ''mailbox'' companies for tax evasion

https://knews.kathimerini.com.cy/en/business/greece-targets-cyprus-linked-mailbox-companies-for-tax-evasion

Greek tax authorities have launched a sweeping crackdown on thousands of businesses that have shifted their headquarters to Bulgaria, Romania and Cyprus while continuing to operate primarily in Greece....

27. Bank of Cyprus posts €353 million profit in 2025 despite lower interest income

https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-posts-€353-million-profit-in-2025-despite-lower-interest-income

Bank of Cyprus reported profits of €353 million for the first nine months of 2025, slightly below the €401 million earned in the same period last year but still showing solid results in a cooling economy....

28. Cyprus This Week: Banks, MOTs and tax talks stir debate

https://knews.kathimerini.com.cy/en/news/cyprus-this-week-banks-mots-and-tax-talks-stir-debate

Cyprus’ headlines this week reflect a mix of economic, labor, and public safety issues, from banks rewarding employees handsomely to questions about who is really keeping the country’s roads safe. ...

29. Cyprus considers raising family income limit in major tax reform

https://knews.kathimerini.com.cy/en/business/cyprus-considers-raising-family-income-limit-in-major-tax-reform

Finance Minister Makis Keravnos said Friday he is open to raising the family income ceiling for tax deductions to €90,000 from the proposed €80,000, noting that ''the cost is not prohibitive.''...

30. Cyprus at the center of international cryptocurrency fraud bust

https://knews.kathimerini.com.cy/en/news/cyprus-at-the-center-of-international-cryptocurrency-fraud-bust

An extensive international investigation has uncovered a large-scale criminal network involved in cryptocurrency and online gambling scams, with Cyprus playing a significant role in the operation. ...

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