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12° Nicosia,
17 February, 2025
 

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Displaying results 1-30 of 211 matches for query profits.

1. The Cyprus cabinet's ''romantic'' February 14 meeting

https://knews.kathimerini.com.cy/en/comment/opinion/the-cyprus-cabinet-s-romantic-february-14-meeting

On Friday, February 14th, President of Cyprus called for an emergency Cabinet meeting. Naturally, many assumed it was to discuss Valentine’s Day – flowers, chocolates, etc. – ...

2. 73-year-old woman and daughter lead family-run sex trafficking ring in Athens

https://knews.kathimerini.com.cy/en/news/73-year-old-woman-and-daughter-lead-family-run-sex-trafficking-ring-in-athens

In a dramatic operation earlier this week, Greek police, in collaboration with NGOs OUR RESCUE and A21, dismantled a large sex trafficking ring allegedly run by a 73-year-old woman, known only as ''Marina,''...

3. Cryptocurrency scam - €430,000 stolen from Limassol resident

https://knews.kathimerini.com.cy/en/news/cryptocurrency-scam-€430-000-stolen-from-limassol-resident

The Cyprus Police are informing the public about incidents of fraud related to cryptocurrency investments and are urging citizens to be particularly careful....

4. Car distributors exploiting drivers with fees on airbag recalls

https://knews.kathimerini.com.cy/en/news/car-distributors-exploiting-drivers-with-fees-on-airbag-recalls

Lawmakers are taking aim at two car distributors accused of charging administrative fees for replacing recalled airbags, calling the practice ''obscene'' and ''exploitative.''...

5. Cyprus at the heart of major criminal network bust

https://knews.kathimerini.com.cy/en/news/cyprus-at-the-heart-of-major-criminal-network-bust

Spanish authorities are continuing their investigations into a major international criminal network involved in human trafficking and money laundering that operated across Cyprus and several European countries, according to Cyprus Police Spokesperson Kyriaki Lambrianidou....

6. 100% tax on foreign buyers in Spain

https://knews.kathimerini.com.cy/en/news/100-tax-on-foreign-buyers-in-spain

Spain’s Prime Minister Pedro Sanchez has proposed bold measures to address the country’s housing crisis, including a 100% tax on homes purchased by non-EU foreigners....

7. Cyprus banks see €1 billion in profits as NPL's decline in 2024

https://knews.kathimerini.com.cy/en/news/cyprus-banks-see-€1-billion-in-profits-as-npl-s-decline-in-2024

Cypriot banks reported impressive financial growth in the first nine months of 2024, with total profits reaching €952.5 million after taxes, a sharp rise from €602.92 million by mid-year. ...

8. AI to shake up banking putting thousands of jobs at risk

https://knews.kathimerini.com.cy/en/news/1-ai-to-shake-up-banking-putting-thousands-of-jobs-at-risk

The global banking industry is bracing for a seismic shift as artificial intelligence (AI) continues to revolutionize the sector. A recent study by Bloomberg Intelligence predicts that up to 200,000 jobs in banking will be eliminated over the next three to five years as AI takes over tasks currently performed by employees....

9. Investor scammed out of $58,000 in cryptocurrency fraud

https://knews.kathimerini.com.cy/en/business/investor-scammed-out-of-$58-000-in-cryptocurrency-fraud

The promise of easy profits through online investments lured a 50-year-old man into a sophisticated cryptocurrency scam, resulting in the loss of $58,000....

10. Banks under fire: How public pressure forced a shake-up

https://knews.kathimerini.com.cy/en/news/banks-under-fire-how-public-pressure-forced-a-shake-up

Over the past decade, Cypriot banks have paid over €500 million to the state through a special levy known as the ''double tax.''...

11. Bank of Cyprus rolls out support measures for vulnerable groups

https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-rolls-out-support-measures-for-vulnerable-groups

After a tense voting session last week, when the bill to tax bank profits narrowly failed to pass in Parliament, the Bank of Cyprus seems to be stepping up with measures aimed at helping vulnerable communities across the island. ...

12. Thank God for GESY!

https://knews.kathimerini.com.cy/en/comment/opinion/thank-god-for-gesy

The recent news surrounding the murder of United Healthcare CEO Brian Thompson and the arrest of Luigi Mangione, the suspected shooter, has sparked an intense debate. As an American who grew up in Los Angeles and now calls Cyprus home, I find the entire case deeply thought-provoking, especially in light of my own personal experiences with healthcare systems....

13. Cypriot MP's take a break from 'banking on' reform

https://knews.kathimerini.com.cy/en/comment/opinion/cypriot-mp-s-take-a-break-from-banking-on-reform

Yesterday, we witnessed one of the most evenly matched votes ever held in the Cyprus Parliament. MPs were called to vote on the proposal from AKEL for a one-off tax on bank profits....

14. Cyprus MPs vote on major bills, including tax hikes and baby bonuses

https://knews.kathimerini.com.cy/en/news/cyprus-mps-vote-on-major-bills-including-tax-hikes-and-baby-bonuses

The Cyprus Parliament was busy on Thursday, voting on a series of important bills that could reshape the island's economic landscape and support families....

15. Parliament rejects AKEL’s 5% bank tax bill after tense showdown

https://knews.kathimerini.com.cy/en/business/parliament-rejects-akel-s-5-bank-tax-bill-after-tense-showdown

A dramatic session in parliament ended with the rejection of a contentious proposal by the opposition party AKEL, which aimed to impose an extraordinary 5% solidarity tax on bank interest income for 2024 and 2025. ...

16. MPs set to vote on over 100 bills today, including 5% tax on banks and car recalls

https://knews.kathimerini.com.cy/en/news/mps-set-to-vote-on-over-100-bills-today-including-5-tax-on-banks-and-car-recalls

In today's last plenary session before the Christmas holidays, Cypriot MPs will vote on over 100 bills and legislative proposals, with attention focusing on several high-profile issues....

17. Manhunt ends as suspect charged in UnitedHealthcare CEO's shooting

https://knews.kathimerini.com.cy/en/news/manhunt-ends-as-suspect-charged-in-unitedhealthcare-ceo-s-shooting

On December 4, 2024, UnitedHealthcare CEO Brian Thompson was fatally shot outside the New York Hilton Midtown in Manhattan....

18.  Debate intensifies over proposed 5% tax on bank profits in Cyprus

https://knews.kathimerini.com.cy/en/news/debate-intensifies-over-proposed-5-tax-on-bank-profits-in-cyprus

According to a report by Panayiotis Rougalas in today's 'Oikonomiki', a controversial proposal to introduce a 5% tax on bank profits in Cyprus is racing against time to be debated in Parliament before the Christmas recess....

19. Bank of Cyprus reports €401 million profit surge

https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-reports-€401-million-profit-surge

In the latest financial report, Bank of Cyprus has reported a solid profit of €401 million for the first nine months of 2024—a 15% jump from last year’s €349 million. ...

20. Euronet remains only bidder in delayed JCC sale

https://knews.kathimerini.com.cy/en/news/euronet-remains-only-bidder-in-delayed-jcc-payment-systems-sale

The process for the sale of JCC Payment Systems, which began confidentially over the summer, appears to have hit a "snag," with Euronet as the only prospective buyer. ...

21. Cyprus surpasses pre-pandemic financial levels with growing surplus

https://knews.kathimerini.com.cy/en/business/cyprus-surpasses-pre-pandemic-financial-levels-with-growing-surplus

Cyprus is bouncing back from recent economic challenges, with its financial health improving dramatically. Current fiscal surpluses now exceed what they were before the pandemic, thanks to a significant increase in revenue....

22. Bank profits in crosshairs as tax talks heat up

https://knews.kathimerini.com.cy/en/news/bank-profits-in-crosshairs-as-tax-talks-heat-up

The future of a special tax on bank deposits paid to the state may be heading for a shift, though a final decision is not guaranteed. ...

23. FTC accuses Meta of putting profits ahead of user privacy

https://knews.kathimerini.com.cy/en/news/ftc-accuses-meta-of-putting-profits-ahead-of-user-privacy

A years-long study has uncovered that major social media and internet companies are involved in "mass surveillance" to capitalize on users' personal data, according to the U.S. Federal Trade Commission (FTC)....

24. Eurobank and India collaborate to create strategic business council

https://knews.kathimerini.com.cy/en/news/eurobank-and-india-collaborate-to-create-strategic-business-council

Mr. Ioannou raised concerns about whether the bank has a plan to maintain its strong profitability, which has largely come from rising interest rates......

25. Cyprus secures majority of EU funds, with minor tax reform pending

https://knews.kathimerini.com.cy/en/news/cyprus-secures-majority-of-eu-funds-with-minor-tax-reform-pending

The European Commission has given Cyprus the green light for most of its request for €152 million in funding as part of the EU’s Recovery and Resilience plan, which aims to boost economies after the pandemic. Out of 38 goals Cyprus needed to meet, 37 were approved....

26. Wizz Air’s 7-hour flights start at £89 if you're up for a squeeze

https://knews.kathimerini.com.cy/en/news/wizz-air-s-7-hour-flights-start-at-£89-if-you-re-up-for-a-squeeze

Ultra-low-cost carrier Wizz Air will maintain its no-frills offering even as it introduces longer flights, betting that passengers will "suffer the pain" for cheaper fares....

27. Hellenic Bank's profits surge amid higher lending rates

https://knews.kathimerini.com.cy/en/business/hellenic-bank-s-profits-surge-amid-higher-lending-rates

Hellenic Bank, Cyprus’ second-largest lender, has had a strong start to 2024, reporting a net profit of €189 million in the first half of the year—a solid 18% increase from last year. This boost in profit is mainly due to a 30% rise in interest income, driven by higher European Central Bank (ECB) interest rates....

28. Cyprus banks set for major changes in September

https://knews.kathimerini.com.cy/en/news/cyprus-banks-set-for-major-changes-in-september

September will bring significant shifts for Cyprus's two largest banks....

29. Illegal tobacco smuggling from occupied territories hits new high in Cyprus

https://knews.kathimerini.com.cy/en/news/illegal-tobacco-smuggling-from-occupied-territories-hits-new-high-in-cyprus

Last Friday, two Cypriots and a British national were apprehended at Paphos Airport with illegal tobacco products valued over €30,000 while attempting to smuggle them into the UK....

30. Limassol resident loses €30,000 in cryptocurrency scam

https://knews.kathimerini.com.cy/en/news/limassol-resident-loses-€30-000-in-cryptocurrency-scam

A 54-year-old resident of Limassol reported to the police yesterday that he was scammed out of €30,000 by an online scammer posing as a cryptocurrency investment advisor....

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