https://knews.kathimerini.com.cy/en/business/tying-up-loose-ends-at-hellenic
Hellenic Bank experienced several changes in 2022, as it closed outstanding issues while also opening new chapters. Hellenic Bank made changes to its top management, staff, shareholding composition, and labor issues in the fourth quarter of 2022, ...
https://knews.kathimerini.com.cy/en/news/nicosia-stays-course-as-economic-growth-loses-steam
Cypriot public finances have improved due to increased growth, although they are expected to be adversely affected due to a projected slowdown in the next few months, according to the 13th Post-Programme Surveillance Report for Cyprus...
https://knews.kathimerini.com.cy/en/news/74-year-old-pleads-guilty-to-manslaughter-in-paphos-euthanasia-case
Both sides in the Tremithousa murder case have agreed on an amendment to the indictment, with the 74-year-old defendant expected to plead guilty to manslaughter,...
https://knews.kathimerini.com.cy/en/news/cyprus-gets-taste-of-eu-s-€85-million-with-a-caveat
Cyprus will get Friday the first tranche of €85 million from the EU's Recovery and Resilience Mechanism, with European Commission technocrats also pointing to repeated suspensions of foreclosures in Cyprus that create problems in terms of achieving the goal of further reduction of NPLs...
https://knews.kathimerini.com.cy/en/business/fuel-price-cuts-have-begun
Following a month of price volatility, the Cypriot market should see a reduction in the cost of motor and heating fuels in the coming days....
https://knews.kathimerini.com.cy/en/news/economic-sentiment-in-cyprus-deteriorates-slightly-in-november
In November 2022, economic sentiment in Cyprus deteriorated slightly, as the Economic Sentiment Indicator decreased by 0.5 points compared with October 2022, according to the Business and Consumer Survey by the University of Cyprus...
https://knews.kathimerini.com.cy/en/news/the-consequences-of-continuing-foreclosure-suspensions
Lambros Papadopoulos, President of the state-owned asset management company, KEDIPES, warned on Tuesday that the continued suspension of foreclosures will negatively affect the company’s revenue from non-performing loans (NPLs) management resulting in a reduced repayment of state aid....
https://knews.kathimerini.com.cy/en/business/anastasiades-reduction-of-tender-offers-not-due-to-lack-of-trust
There has been an acceleration of the growth rate of public investments, Cyprus President, Nicos Anastasiades, said on Friday, upon receiving the annual report of the Tenders Review Authority from its Chairwoman, Efi Papadopoulou....
https://knews.kathimerini.com.cy/en/news/ecb-banks-in-italy-portugal-greece-cyprus-could-see-highest-rise-in-npls
Banks in Italy, Portugal, Greece and Cyprus could suffer some of the biggest increases in non-performing loans while France, Ireland and Luxembourg could be among the best performers, the European Central Bank said in a fresh study on Tuesday....
https://knews.kathimerini.com.cy/en/business/amazon-announces-immediate-layoffs-of-10-000-workers
Amazon plans to lay off approximately 10,000 employees from administrative and other positions in its technology departments....
https://knews.kathimerini.com.cy/en/business/ey-cyprus-awarded-project-of-holistic-management-of-cyta-s-sustainable-development
EY Cyprus has been awarded by Cyta the project of the Holistic Management of the company’s Sustainable Development. ...
https://knews.kathimerini.com.cy/en/news/cia-chief-in-ankara-warns-against-the-use-of-nukes
U.S. Central Intelligence Agency Director William Burns is in Ankara to speak with his Russian intelligence counterpart to convey a message on the consequences of any use of nuclear weapons by Russia, a White House official said on Monday....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-immigration-as-a-matter-of-national-survival
The migration issue, along with Turkey's ongoing threats and galloping inflation due to the explosion in energy prices, undoubtedly ranks first in the hierarchy of Cypriot citizens' concerns....
https://knews.kathimerini.com.cy/en/business/slower-economic-growth-expected-towards-end-of-year
The Cypriot economy is expected to slow down towards the end of 2022 after growing steadily during the first half of the year, according to the chapter on Cyprus from the European Commission’s Autumn 2022 Economic Forecast which was presented on Friday by Commissioner for the Economy Paolo Gentiloni....
https://knews.kathimerini.com.cy/en/business/slump-in-car-sales-recorded-in-october
Total car sales dropped significantly in October 2022 compared with the month before mainly due to the steep drop in passenger saloon cars....
https://knews.kathimerini.com.cy/en/news/what-is-causing-the-egg-shortage
Andreas Hadjiadamos, executive secretary of the supermarket association, and Marios Antoniou, secretary general of the Pancyprian retail association, both appeared reassuring about market egg shortages....
https://knews.kathimerini.com.cy/en/news/prepare-for-an-increase-in-grain-prices
Agriculture Minister Costas Kadis told 'K' that there is no concern about grain sufficiency in the Cypriot market at this time, explaining that strategic stocks of grains received in the summer remain in importers' silos. ...
https://knews.kathimerini.com.cy/en/news/eurostat-electricity-prices-up-by-32-in-cyprus
In the first half of 2022, average household electricity prices in the European Union increased sharply compared with the same period in 2021, from 22.0 euros per 100 kWh to 25.3 euros per 100 kWh, according to data released by Eurostat, the statistical service of the EU....
https://knews.kathimerini.com.cy/en/news/op-ed-wim-van-aken-talks-recession-and-the-predictions-for-cyprus
We are facing a double shock. First, we had the Covid-19 shock and now the global and European economies are facing a new shock with the war in Ukraine. Both events are unprecedented for many of us....
https://knews.kathimerini.com.cy/en/business/workplace-accidents-decreased-in-2020-but-severity-of-nearly-50-not-specified
In 2020, almost 2.7 million non-fatal work accidents resulted in workers being absent from work for four days or more in the EU, while 3,355 work-related accidents were fatal, according to data released by Eurostat, the European Union’s statistical service....
https://knews.kathimerini.com.cy/en/news/imf-predicts-a-return-to-fiscal-surpluses-for-cyprus-following-the-pandemic
Cyprus’ public finances will return to surpluses in 2023 which will continue until 2027, the IMF said in its Fiscal Monitor 2022 issued on Wednesday....
https://knews.kathimerini.com.cy/en/news/plea-bargain-ongoing-in-cyprus-mercy-killing-case
Another delay in the trial of a British man charged with the premeditated murder of his sick wife in Cyprus has prompted local media to speculate a deal may have been reached as prosecutors may seek a manslaughter conviction while a possible prison sentence remains elusive...
https://knews.kathimerini.com.cy/en/news/banking-sector-to-cut-600-more-employees
The number of employees in the Cypriot banking sector will have been reduced further by the end of 2022. By the end of this year, 600 bank employees will have left the company, while about 50 will have been transferred to a similar but non-banking sector....
https://knews.kathimerini.com.cy/en/news/ending-cyprus-energy-isolation
After the discovery of energy resources in the Cypriot EEZ, the start of construction of the Cyprus-Crete electricity cable can be considered a high point in Cyprus' energy affairs. For the first time in its history, the Republic of Cyprus will join Europe's energy system, with all that entails for the country's security....
https://knews.kathimerini.com.cy/en/business/the-ecb-s-next-steps-were-documented-in-limassol
The two-day conference of Central Bank Governors in Limassol is a strong contender to serve as the foundation for decisions on monetary policy and inflation strategy to be made in the coming period.
...
https://knews.kathimerini.com.cy/en/news/how-much-loan-can-a-couple-with-an-income-of-€2-000-get
Housing loans are an issue that inevitably affects a large number of young couples. Because housing prices have skyrocketed while wages have remained stagnant, the need for housing leads to borrowing....
https://knews.kathimerini.com.cy/en/news/the-future-of-the-banking-sector-is-digital-green-and-social
The future of the banking sector is digital, green and social, said the participants at the 3rd online FMW Conference, titled "Banking System: New Challenges and Opportunities". The Conference also highlighted the contrast between trying to tame inflation by raising interest rates and supporting vulnerable groups to avoid social unrest....
https://knews.kathimerini.com.cy/en/news/opec-and-russia-agree-to-cut-oil-production-by-2-million-barrels-a-day
OPEC and its allies, including Russia, approved a two million barrel-a-day cut in oil production on Wednesday, its first large reduction in output since the early days of the pandemic....
https://knews.kathimerini.com.cy/en/business/the-heart-of-the-ecb-beats-in-cyprus
The second consecutive visit of European Central Bank President Christine Lagarde in 2022 is certainly semantic. Apart from the visibility of Cyprus being the first visit by Central Bank Governors as part of the decision to visit a country on an annual basis to hold one of their meetings, two other readings emerge....
https://knews.kathimerini.com.cy/en/business/ey-achieves-highest-growth-in-nearly-two-decades-reports-record-global-revenue-of-us$45-4b
EY announced combined global revenues of US$45.4b for the financial year ending June 2022 (FY22), an increase of 16.4% in local currency (13.7% in US dollars). This marks one of the most successful years in the history of the organization with the highest growth seen in nearly two decades attributed to the EY NextWave strategy to deliver long-term value for EY people, clients and society....
