https://knews.kathimerini.com.cy/en/news/davis-cup-playoffs-return-to-cyprus
The Cypriot Davis Cup Team will fight in Cyprus for qualification at the European Zone Group B promotion play-offs....
https://knews.kathimerini.com.cy/en/business/folli-follie-trial-set-for-june-after-lawyers-abstention-ends
The trial of Greek jewelry maker Folli Follie is expected to finally take place in June after being deadlocked for some time. This was due to lawyers abstaining from their duties in trials concerning criminal organizations due to legal disagreements concerning a legislative provision stating that any sentences imposed would be served. ...
https://knews.kathimerini.com.cy/en/news/finance-minister-requests-containment-of-lending-rates-for-housing-loans
The Finance Minister of Cyprus, Makis Keravnos, has written letters to the Director General of the Cyprus Banks Association and the Director General of the Association of Credit Acquisition Companies and Credit Facility Managers, requesting measures to control rising lending rates for serviceable loans up to €350,000....
https://knews.kathimerini.com.cy/en/business/boc-to-pay-dividends-after-12-years
The Bank of Cyprus is the first bank in Cyprus and Greece to receive approval from the European Central Bank (ECB) to pay dividends. The lender is expected to resume paying dividends to its shareholders after 12 years....
https://knews.kathimerini.com.cy/en/news/protests-continue-as-macron-stands-firm-on-pension-reform
French workers angry with President Emmanuel Macron and his plan to raise the pension age blocked access to a terminal at Paris' main airport on Thursday as part of a nationwide day of protests, forcing some travelers to get there on foot....
https://knews.kathimerini.com.cy/en/business/2023-will-be-the-year-banks-dole-out-dividends
Apart from entering 2023 with inflationary tendencies and following a year with a geopolitical crisis due to the Ukrainian one, it is expected to be the year when the term "dividend distribution,"...
https://knews.kathimerini.com.cy/en/comment/opinion/thinking-of-investing-in-real-estate-don-t-do-it
A lack of financial literacy can lead people to consider investing in direct real estate. This a provocative statement to say the least, so let me explain....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-71-million-in-profits-in-2022
Bank of Cyprus' profit for 2022 was 71 million euros, up from 30 million euros in 2021....
https://knews.kathimerini.com.cy/en/business/ey-cyprus-participated-in-the-6th-cyprus-international-tax-conference
EY Cyprus has, once again, sponsored and participated in the 6th Cyprus International Tax Conference, titled ''The evolving landscape: Adopting to new challenges and opportunities,'' which took place on Tuesday, February 14th at the Hilton Nicosia hotel. ...
https://knews.kathimerini.com.cy/en/business/davos-wef-warns-catastrophic-cyber-event-coming
The 2023 World Economic Forum (WEF) in Davos, Switzerland, has filled us with lots of uplifting predictions, like how companies will soon decode our brain waves. The latest warns of a global catastrophic cyber event in the very near future....
https://knews.kathimerini.com.cy/en/business/strike-trade-unions-call-for-cola-agreement
Hundreds of workers gathered outside the Finance Ministry today calling for the full reinstatement of COLA (Cost of Living Allowance). ...
https://knews.kathimerini.com.cy/en/business/no-more-fridays-4-day-work-week-on-the-rise
The results are in: It's time for your company to stop working on Fridays (or Mondays)....
https://knews.kathimerini.com.cy/en/news/cyprus-aims-for-higher-targets-in-green-energy
In 2022, renewable energy sources now make up a larger percentage of total energy consumption. ...
https://knews.kathimerini.com.cy/en/news/cyprus-banks-vulnerabilities-remain-despite-progress-says-ssm
Cypriot banks have made progress, according to a report by the Single Supervisory Mechanism (SSM), but there are still many issues. ...
https://knews.kathimerini.com.cy/en/business/fund-are-investing-in-cypriot-banks
Investing in Cypriot banks is becoming more common. The progress they have made in terms of the non-performing loan burden they have shed, their capital adequacy, which is characterized as good,...
https://knews.kathimerini.com.cy/en/news/cyprus-is-in-the-midst of-the-new-narcos
Since December 20, cannabis has been washing up on the shores of free and occupied Famagusta, specifically over 100 kilos of packaged Indian hemp were collected by police....
https://knews.kathimerini.com.cy/en/news/hollywood-executives-brace-for-‘year-of-turmoil-in-2023
Hollywood executives are bracing for a brutal “year of turmoil” as the entertainment business faces the combined threat of an economic recession, slower streaming growth, a cinema industry on life support and a potential writers’ strike....
https://knews.kathimerini.com.cy/en/news/us-retail-pharmacies-to-dispense-abortion-pills-with-prescription
Retail pharmacies in the United States will be permitted to sell abortion pills, health officials said Tuesday, a move that could significantly expand access to the procedure after last year's landmark Supreme Court ruling that overturned federal abortion rights....
https://knews.kathimerini.com.cy/en/business/the-landscape-of-bank-equity-is-changing-in-cyprus
A day before 2022 came to an end, Eurobank made the announcement that it had added 3.2% more shares of Hellenic Bank, bringing its total to 29.2% (pending regulatory approval), and altering the bank's balance "for good"....
https://knews.kathimerini.com.cy/en/business/cyprus-to-impose-a-minimum-15-tax-on-multinational-corporations
Cyprus Ministry of Finance said on Friday it will introduce a 15% minimum corporate tax rate on multinational and domestic groups or companies with a combined annual turnover of at least €750 million while examining ways to mitigate any possible adverse impact on the Cypriot economy....
https://knews.kathimerini.com.cy/en/news/g7-price-cap-on-russian-oil-kicks-in
The Group of Seven price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow's ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it has to cut production....
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/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/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/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/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/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/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....
