https://knews.kathimerini.com.cy/en/news/cyprus-increases-interest-rates-on-arrears-and-court-cases-for-2025
Starting January 1, 2025, Cyprus is increasing interest rates related to arrears and court cases, which could affect anyone with overdue debts to the state or those involved in legal disputes....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-is-moving-forward-with-its-digital-assistant-steering-clear-of-cypriot-work-habits
The Digital Assistant is here! It's the first application of Productive Artificial Intelligence in the Cypriot public sector....
https://knews.kathimerini.com.cy/en/business/tariffs-reforms-and-rate-cuts-2025-s-economic-balancing-act
As we look ahead to 2025, experts at UBS are forecasting steady global economic growth, but not without a few bumps along the way....
https://knews.kathimerini.com.cy/en/life/miniature-therapy-horses-in-greece-bring-joy-despite-struggles
A shy smile spreads across 9-year-old Josifina’s face as she strokes a tiny gray horse....
https://knews.kathimerini.com.cy/en/business/intrakat-s-€1-million-debt-to-cypriot-subcontractors-sparks-legal-action
Greek-owned construction company Intrakat, which was contracted to build part of the Paphos-Polis Chrysochous motorway in Cyprus, is facing significant financial troubles, leaving behind nearly €1 million in debts to seven local subcontractors and suppliers....
https://knews.kathimerini.com.cy/en/business/cyprus-receives-major-credit-rating-boost-from-moody-s
Last Friday, Moody’s delivered a major endorsement of Cyprus’ economic progress, upgrading its credit rating by two notches, from Baa2 to A3, with a stable outlook, according to a report by Panayiotis Rougalas. ...
https://knews.kathimerini.com.cy/en/comment/opinion/geoeconomic-tensions-and-cyprus-staying-the-course-amid-challenges-ahead
Geoeconomic fragmentation, the reversal of progress towards global economic and financial integration due to political and military conflict and strategic policy decisions, is rising....
https://knews.kathimerini.com.cy/en/news/cyprus-repays-over-€1b-in-debt-easing-financial-strain
Cyprus made strides in paying down its debt in the second quarter of 2024, settling over €1 billion in bonds and loans....
https://knews.kathimerini.com.cy/en/news/cyprus-gains-investor-confidence-as-economic-reforms-us-ties-bolster-growth
International investors have shown sustained confidence in Cyprus’ economy and business ecosystem, recognizing the country as a stabilizing force in the region......
https://knews.kathimerini.com.cy/en/news/germany-€60-billion-budget-shortfall-rocks-europe-s-largest-economy
Germany’s tax revenues are projected to fall nearly €60 billion short of earlier expectations over the next five years, intensifying budget challenges for Chancellor Olaf Scholz’s government and straining the already fragile three-party coalition....
https://knews.kathimerini.com.cy/en/business/cyprus-achieves-first-a-level-credit-rating-in-major-milestone
Scope Ratings has upgraded Cyprus's credit rating to A- from BBB+, marking the country's first A-level rating from a major credit agency....
https://knews.kathimerini.com.cy/en/comment/opinion/cypriot-banks-sending-loans-abroad-a-growing-risk
Yesterday, I had a conversation with someone who truly understands banking—probably more knowledgeable than many who think they do....
https://knews.kathimerini.com.cy/en/news/global-debt-to-exceed-$100-trillion-this-year
Global public debt is nearing the size of the world economy, posing risks to living standards in developed nations, the International Monetary Fund (IMF) warned....
https://knews.kathimerini.com.cy/en/news/cyprus-projects-€1-13-billion-fiscal-surplus-for-2025
Cyprus is on track to achieve a fiscal surplus of €1.13 billion in 2025, amounting to 3.3% of GDP, according to the state budget presented to the House of Representatives on Thursday. ...
https://knews.kathimerini.com.cy/en/business/cyprus-credit-rating-upgrade-a-boon-for-investors-but-what-about-citizens
Cyprus has recently received good news from the credit rating agency Capital Intelligence (CI), which upgraded the country’s credit ratings, according to Kathimerinni's Dorita Yiannakou. ...
https://knews.kathimerini.com.cy/en/news/cyprus-credit-rating-upgraded-due-to-strong-economy-and-lower-debt
Rating Agency Capital Intelligence Ratings (CI) has upgraded Cyprus’ Long-Term Foreign Currency Rating (LT FCR) and Short-Term FCR (ST FCR) to ‘BBB’ and ‘A2’, respectively, from ‘BBB-’ and ‘A3’, maintaining a positive outlook....
https://knews.kathimerini.com.cy/en/news/ecb-cuts-cypriot-bond-holdings-to-€6-38-billion
The value of Cypriot sovereign bonds held by the Eurosystem, as part of the Public Sector Purchases Programme (PSPP) and the Pandemic Emergency Purchases Programme (PEPP) declined to €6.38 billion......
https://knews.kathimerini.com.cy/en/news/ft-china-set-to-hit-pwc-with-record-penalty-amid-evergrande-fallout
PwC China has informed its clients that it expects Chinese authorities to impose a six-month business ban starting as early as September, following its audit of the now-collapsed property developer Evergrande....
https://knews.kathimerini.com.cy/en/news/eurobank-cyprus-reports-€105-7m-net-profit-for-h1-2024
Eurobank Cyprus reported a net profit of €105.7 million for the first half of 2024, marking a 16% increase, or €14.9 million, compared to the same period in 2023....
https://knews.kathimerini.com.cy/en/business/supreme-court-stands-firm-guarantors-must-pay-€30k-loan-debt
In a unanimous decision, the Supreme Court of Cyprus has dismissed the appeal of two individuals contesting a ruling by the Paphos District Court, which held them liable for €30,244.32 plus interest and costs, as guarantors of a business loan granted by Laiki Bank in 2002....
https://knews.kathimerini.com.cy/en/news/former-security-guard-accused-of-stealing-michael-schumacher-s-medical-files
A former security guard for Michael Schumacher’s family has been arrested for allegedly stealing 1,500 medical files from the Schumacher home in Germany. The files include private information stored on two hard drives, which the family insists should not be made public....
https://knews.kathimerini.com.cy/en/news/nicosia-police-collects-over-€100-000-in-fines
In a recent enforcement drive spearheaded by the Nicosia Police Directorate on Tuesday, authorities announced the execution of 209 fine warrants, resulting in the collection of €101,582.56. ...
https://knews.kathimerini.com.cy/en/news/cyprus-to-sell-1-billion-bond-after-improved-credit-ratings
The Republic of Cyprus is expediting its return to the financial markets, seeking to leverage recent credit rating upgrades by Fitch and Standard & Poor's......
https://knews.kathimerini.com.cy/en/news/cyprus-eyes-market-return-with-ten-year-bond
Cyprus is gearing up to re-enter the financial markets in the near future to capitalize on the recent positive momentum bolstering its economy....
https://knews.kathimerini.com.cy/en/business/cyprus-faces-market-uncertainties-as-exit-plans-delayed-again
According to report by Panayiotis Rougalas in today's Oikonomiki, Cyprus faces a challenging time as it navigates plans to exit the financial markets. ...
https://knews.kathimerini.com.cy/en/business/fitch-upgrades-cyprus-to-bbb
Fitch Ratings has upgraded Cyprus' Long-Term Foreign Currency Issuer Default Rating from 'BBB' to 'BBB+' with a positive outlook....
https://knews.kathimerini.com.cy/en/news/cyprus-inflation-could-offset-ecb-rate-cut-benefits
The European Central Bank (ECB) cut its three key interest rates by 25 basis points on Thursday, marking the first reduction after nearly two years of increases or stasis. ...
https://knews.kathimerini.com.cy/en/news/police-execute-173-warrants-collect-€109-300
In a recent operation led by the Warrant Execution Unit of the Nicosia Police Directorate on Tuesday, June 4th, 2024, a significant total of 173 fine warrants were executed, resulting in the collection of more than €109,300....
https://knews.kathimerini.com.cy/en/news/cyprus-wins-imf-praise-for-strong-recovery
The International Monetary Fund (IMF) has praised Cyprus for its robust economic recovery and fiscal discipline, recommending continued efforts......
https://knews.kathimerini.com.cy/en/news/government-moves-to-license-casino-at-controversial-airport
The ''government'' in the Turkish-occupied northern part of Cyprus is reportedly moving forward with plans to grant a ''license to operate'' a casino within the controversial Tympou airport, according to the local newspaper Avroupa....
