https://knews.kathimerini.com.cy/en/business/fitch-upgrades-hellenic-bank-s-rating
Fitch Ratings has raised Hellenic Bank’s (HB) support rating from ‘bb-’ to ‘bb’, thanks to a similar boost for Eurobank S.A., which owns a majority stake in HB. This change reflects Eurobank’s growing role and influence over HB....
https://knews.kathimerini.com.cy/en/news/survey-reveals-shift-from-tv-to-online-news-in-the-uk
For the first time since the 1960s, online news sources have surpassed television as the main way people get their news, according to a new survey by Ofcom. ...
https://knews.kathimerini.com.cy/en/business/harris-surges-in-polls-but-faces-key-test-in-first-debate-with-trump
The June 27 debate between President Joe Biden and former President Donald Trump marked a turning point in the race, leading to Biden's exit from the campaign on July 21. ...
https://knews.kathimerini.com.cy/en/news/cypriot-bank-officials-to-present-aml-progress-in-u-s
Top officials from four major Cypriot banks are headed to the U.S. on Sept. 16 to present updates on their progress in anti-money laundering (AML) efforts, sanctions enforcement, and foreign account management. ...
https://knews.kathimerini.com.cy/en/comment/opinion/famagusta-turkey-and-those-holy-monks-of-avvakoum
In Turkey, there’s still a lot of anger over Netflix's decision to include the series ''Famagusta'' in its programming. After the entire Turkish government—along with the pseudo-government in the occupied territories...
https://knews.kathimerini.com.cy/en/business/aegean-announces-a-€25m-investment-in-volotea
Aegean Airlines S.A. (''AEGEAN'') is pleased to announce an investment of €25M in Volotea S.L., one of Europe’s leading low-cost carriers based in Barcelona, Spain....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-to-engage-with-top-investors-in-london
The investment community is turning its focus to a major conference in London, set for late September, where several Cypriot banks will be represented....
https://knews.kathimerini.com.cy/en/news/epic-double-ookla-and-umlaut-rank-epic-once-again-at-the-top-of-telecommunications-in-cyprus-for-its-fixed-internet-and-mobile-networks-respectively
Epic continues to stand at the top of telecommunications in Cyprus, with two new international awards that are the culmination of its continuous investments in the development of a state-of-the-art, ultra-fast and reliable mobile and fixed internet network, offering an epic communication experience with innovative solutions, continuous evolution, and dedication to excellence....
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/news/athens-tops-list-of-world-s-best-smelling-cities-nicosia-also-makes-the-top-10
A recent study by HAYPP has crowned Athens, Greece, as the world's best-smelling city, overturning the common perception of cities as unpleasantly odorous....
https://knews.kathimerini.com.cy/en/news/financial-education-in-cyprus-schools-after-metamax-scandal
The ongoing investigation into the Metamax investment pyramid scheme is causing growing alarm across Cyprus. Complaints to police departments have surpassed 100, with over €220,000 allegedly defrauded. ...
https://knews.kathimerini.com.cy/en/business/cyprus-banks-receive-upgrades-signal-economic-resilience
In a series of significant upgrades for Cypriot banks, Fitch Ratings has elevated the Bank of Cyprus and Hellenic Bank's credit ratings, underscoring a positive trajectory for the country's financial sector, according to a report by Panayiotis Rougalas in this Sunday's Kathimerini....
https://knews.kathimerini.com.cy/en/business/new-pyramid-scheme-preys-on-cypriots-promising-big-profits
In a report by Hectoras Georgiou from Kathimerini, a new company named Metamax has recently popped up in Cyprus, promising substantial profits to users through its application. ...
https://knews.kathimerini.com.cy/en/news/fitch-elevates-hellenic-bank-s-credit-rating
Fitch Ratings has upgraded Hellenic Bank's Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+', with stable outlook and its Viability Rating (VR) to 'bbb-' from 'bb+'.
...
https://knews.kathimerini.com.cy/en/news/government-extends-subsidies-to-ease-cost-of-living-crisis
The Cabinet approved a proposal on Wednesday by Finance Minister Makis Keravnos to extend measures aimed at compensating for the living costs of Cypriot households. Government Spokesperson Konstantinos Letymbiotis announced the decision following the Cabinet meeting....
https://knews.kathimerini.com.cy/en/news/standard-poor-s-upgrades-bank-of-cyprus-rating
Standard & Poor’s (S&P) has upgraded Bank of Cyprus’ long-term issuer rating to BB+, just one notch below investment-grade status, and assigned a positive outlook. This comes shortly after the upgrade of Cyprus’ long-term rating to BBB+, also with a positive outlook....
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/news/political-turmoil-as-coalition-parties-face-electoral-setback
Clouds of uncertainty loom over the political landscape of Cyprus following the recent European elections, which saw significant losses for the co-governing parties. ...
https://knews.kathimerini.com.cy/en/news/fidias-panayiotou-s-controversial-candidacy-and-the-rise-of-anti-politics
''If you thought Phidias had no opinion on the Cyprus problem, you are wrong. He does. It was just better when he didn't,''...
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/business/cyprus-s-electricity-outlook-brightens-with-great-sea-interconnector
The presentation of the "Great Sea Interconnector" electricity cable viability study by ADMIE's leadership in Nicosia has reportedly left a positive impression...
https://knews.kathimerini.com.cy/en/business/the-top-25-airlines-soaring-above-the-rest
Qatar Airways has reclaimed its position as the world's best airline, according to AirlineRatings.com, after briefly slipping to second place in 2023. ...
https://knews.kathimerini.com.cy/en/news/elections-expected-to-reshape-political-landscape
High Stakes in Cypriot Elections: Political Landscape at a Crossroads
Municipal and European Contests to Shape Future of Traditional Parties, Leadership, and Far-Right Influence...
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-non-performing-loans-drop-to-lowest-level-in-years
Total non-performing loans (NPLs) to banks have dropped below €2 billion, specifically to €1.9 billion. ...
https://knews.kathimerini.com.cy/en/news/news-corp-teams-up-with-openai-for-content-sharing
Joining news organizations that have chosen to collaborate rather than fight with the best-known artificial intelligence company, News Corp. has struck a multiyear deal to share news content with OpenAI for both training purposes and to answer questions from users....
https://knews.kathimerini.com.cy/en/news/president-christodoulides-hails-financial-progress-with-new-cbc-governor
The appointment ceremony for the new governor of the Central Bank of Cyprus, Mr. Christodoulos Patsalides, occurred this morning at the Presidential Palace, with the President of the Republic, Mr. Nikos Christodoulides, in attendance....
https://knews.kathimerini.com.cy/en/news/cyprus-economy-holds-steady-amid-challenges
Canadian credit rating agency DBRS Ratings GmbH (Morningstar DBRS) has affirmed the Republic of Cyprus's long-term ratings, maintaining it at BBB (high) with a stable economic outlook. ...
https://knews.kathimerini.com.cy/en/news/cyprus-economic-resilience-earns-high-credit-rating-confirmation
International rating agency Morningstar DBRS has confirmed Cyprus’ BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks.
...
