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12° Nicosia,
23 July, 2026
 

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Displaying results 1-30 of 298 matches for query profits.

1. Supreme Court deals major blow to prosecutors in Tziapoura case

https://knews.kathimerini.com.cy/en/news/supreme-court-deals-major-blow-to-prosecutors-in-tziapoura-case

One of Cyprus' most closely watched criminal investigations has hit a major legal setback after the Supreme Court rejected an appeal by the attorney general, ruling that police did not have enough evidence to justify searching two bank safety deposit boxes belonging to jeweler Natalie Tziapoura....

2. €100 million-a-month scam: Three Cyprus residents among suspects

https://knews.kathimerini.com.cy/en/business/€100-million-a-month-scam-three-cyprus-residents-among-suspects

A phone call from a ''financial adviser'' promising easy profits. A professional-looking investment platform showing money growing. Regular messages building trust over weeks or even months....

3. A new safety net for Cyprus banks, or a brake on the economy?

https://knews.kathimerini.com.cy/en/news/a-new-safety-net-for-cyprus-banks-or-a-brake-on-the-economy

The news that the Central Bank of Cyprus is considering activating the Systemic Risk Buffer came as a ''bombshell'' for local banks and, as expected, has divided opinion....

4. Energy expert claims renewable cartel is profiting, warns of fragile supply

https://knews.kathimerini.com.cy/en/news/energy-expert-claims-renewable-cartel-is-profiting-warns-of-fragile-supply

A summer of high electricity demand is renewing attention on Cyprus' ability to maintain a stable power supply, despite temperatures remaining within seasonal averages during the opening weeks of the season....

5. Banks contributed €427 million to Cyprus in 2025

https://knews.kathimerini.com.cy/en/business/banks-contributed-€427-million-in-cyprus-in-2025

The opposition is once again reopening the issue of additional taxation on banks in Cyprus, an issue which the previous Parliament had indeed opened but ultimately failed to pass. ...

6. Ceasefire boosts economic outlook, but inflation remains a concern

https://knews.kathimerini.com.cy/en/business/ceasefire-boosts-economic-outlook-but-inflation-remains-a-concern

The ceasefire has not eliminated the economic risks stemming from the conflict involving the United States, Israel, and Iran. However, there are growing signs that economic conditions may gradually return to their pre-war state....

7. ECB rate hike to add €147m to Greek banks as profits rise from widening loan-deposit gap

https://knews.kathimerini.com.cy/en/news/ecb-rate-hike-to-add-€147m-to-greek-banks-as-profits-rise-from-widening-loan-deposit-gap

The European Central Bank’s latest interest rate increase, its first since 2023, is expected to boost bank profitability across the eurozone, including Cyprus, by widening the gap between what banks earn from loans and what they pay out to savers....

8. Seven suspects extradited from Cyprus in €700 million fraud case

https://knews.kathimerini.com.cy/en/news/seven-suspects-extradited-from-cyprus-in-€700-million-fraud-case

Cypriot authorities have completed legal proceedings related to the extradition of seven individuals wanted in connection with an international fraud case involving an estimated €700 million, according to the Law Office of the Republic of Cyprus....

9. Fake profits trick Paphos woman in online investment scam

https://knews.kathimerini.com.cy/en/business/fake-profits-trick-paphos-woman-in-online-investment-scam

Police in Paphos are investigating a new online investment fraud case after a 66-year-old woman reported losing thousands of euros to a scam that started with what looked like a legitimate investment website....

10. Greek shipowners turn to Cyprus flag as registry gains momentum

https://knews.kathimerini.com.cy/en/business/greek-shipowners-turn-to-cyprus-flag-as-registry-gains-momentum

More Greek-owned ships are choosing to sail under the Cyprus flag, in a growing trend that Cypriot officials say is strengthening the island’s already significant role in global shipping....

11. New Parliament, same big question: who really decides Cyprus’ economic future?

https://knews.kathimerini.com.cy/en/news/new-parliament-same-big-question-who-really-decides-cyprus-economic-future

Fears of a fragmented Parliament that would struggle to get things done did not materialize, with six parties now set to shape Cyprus’ political and legislative agenda over the next five years....

12. New Nicosia café creates jobs and training opportunities for young people on the autism spectrum

https://knews.kathimerini.com.cy/en/news/new-nicosia-cafe-creates-jobs-and-training-opportunities-for-young-people-on-the-autism-spectrum

Cyprus has launched its first registered social enterprise with the opening of True Heart Café in central Nicosia. ...

13. Prudently & sparingly

https://knews.kathimerini.com.cy/en/comment/opinion/prudently-sparingly

The fact that the Cypriot economy is showing growth does not mean the government should be handing out money freely to everyone....

14. Woman loses €39,000 in online ‘investment’ scam

https://knews.kathimerini.com.cy/en/news/woman-loses-€39-000-in-online-‘investment-scam

A 64-year-old woman in Cyprus lost €39,000 after falling victim to what police believe was a sophisticated online investment scam that unfolded over several months, authorities said Tuesday....

15. Rising building costs could soon make homes even pricier

https://knews.kathimerini.com.cy/en/news/rising-building-costs-could-soon-make-homes-even-pricier

The first major price increases in construction materials for new residential buildings are already becoming visible, driven largely by soaring fuel costs over the past two months, according to property market executives in Greece. ...

16. Eurobank Cyprus earnings take a hit despite €103 million quarterly profit

https://knews.kathimerini.com.cy/en/business/eurobank-cyprus-earnings-take-a-hit-despite-€103-million-quarterly-profit

Eurobank reported a profit of €103 million in Cyprus during the first three months of 2026, even as earnings on the island fell compared to last year amid lower European interest rates and growing international uncertainty....

17. Airlines slash millions of seats as fuel fears shake global travel

https://knews.kathimerini.com.cy/en/business/airlines-slash-millions-of-seats-as-fuel-fears-shake-global-travel

Airlines around the world are cutting flights, shrinking schedules, and scrambling to save fuel as growing concerns over global fuel supplies begin to hit the aviation industry. ...

18. Crypto users could now be taxed without cashing out

https://knews.kathimerini.com.cy/en/business/crypto-users-could-now-be-taxed-without-cashing-out

Crypto investors in Cyprus are entering a very different landscape this year, as new tax rules tighten the government’s grip on digital assets and close loopholes many traders had relied on for years....

19. 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....

20. 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%....

21. 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....

22. 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....

23. 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....

24. 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....

25. 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....

26. 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....

27. 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....

28. 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....

29. 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....

30. 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....

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