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12° Nicosia,
17 February, 2025
 

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Displaying results 1-30 of 159 matches for query restructuring.

1. USAID shutdown leaves Cyprus-based employees in uncertainty

https://knews.kathimerini.com.cy/en/news/usaid-shutdown-leaves-cyprus-based-employees-in-uncertainty

The Trump administration’s abrupt decision to shut down the U.S. Agency for International Development (USAID) has left many of its global employees, including those stationed in Cyprus, in limbo....

2. Eurobank sells €27M stake in Demetra Holdings

https://knews.kathimerini.com.cy/en/business/eurobank-sells-€27m-stake-in-demetra-holdings

In a significant financial move, Eurobank announced the completion of the sale of its 8.58% stake in Demetra Holdings Plc to Logicom Services Limited. The deal, finalized on January 16, 2025, involved the sale of 17,152,353 shares at €1.55 per share, totaling approximately €27 million....

3. Why are Cypriot businesses being sold off to foreign interests?

https://knews.kathimerini.com.cy/en/comment/opinion/why-are-cypriot-businesses-being-sold-off-to-foreign-interests

Greek businesses have made a significant impact on the Cypriot market, investing across virtually every sector—from real estate and hospitals to supermarkets, toy stores, energy, electronics, car dealerships, and even banks....

4. 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. ...

5. Paralimni Municipality launches 'Neighborhood Social Worker' Program

https://knews.kathimerini.com.cy/en/news/paralimni-municipality-launches-neighborhood-social-worker-program

The Municipality of Paralimni-Deryneia has launched the "Neighborhood Social Worker" program, a significant step towards improving access to social services for its residents....

6. 2025: A new chapter for Cyprus’s property market

https://knews.kathimerini.com.cy/en/comment/opinion/2025-a-new-chapter-for-cyprus-s-property-market

2024 was both literally and figuratively a leap year. Metaphorically speaking, we anticipated this shift a year ago as we reflected on 2023 and made our predictions for the year ahead....

7. Government launches mortgage subsidy to ease inflation’s grip

https://knews.kathimerini.com.cy/en/news/government-launches-mortgage-subsidy-to-ease-inflation-s-grip

The government of Cyprus is stepping up to help homeowners struggling with rising interest rates and inflation....

8. Cyprus strengthens military strategy with focus on US armaments

https://knews.kathimerini.com.cy/en/news/cyprus-strengthens-military-strategy-with-focus-on-us-armaments

Cyprus has been making strategic shifts in its military and diplomatic approach, particularly with regard to its relationship with NATO and its defense infrastructure, according to an article by Apostolos Tomaras in this Sunday's Kathimerini. ...

9. Greece revamps military for speed, efficiency, and tech

https://knews.kathimerini.com.cy/en/news/greece-revamps-military-for-speed-efficiency-and-tech

In a sweeping overhaul of its military structure, Greece is set to streamline its armed forces with a bold new ''Force Structure'' plan....

10. Germany faces uncertainty as Scholz fires finance minister

https://knews.kathimerini.com.cy/en/news/germany-faces-uncertainty-as-scholz-fires-finance-minister

Germany’s governing coalition faces a major crisis amid economic challenges and mounting political strife, as Chancellor Olaf Scholz dismissed Finance Minister Christian Lindner and announced he will seek a parliamentary vote of confidence on January 15. If Scholz fails to secure support, Germany could see elections as early as March....

11. TGI Fridays files for bankruptcy to keep brand afloat

https://knews.kathimerini.com.cy/en/business/tgi-fridays-files-for-bankruptcy-to-keep-brand-afloat

TGI Fridays, the American casual dining brand famous for its lively atmosphere and happy-hour tradition, has filed for Chapter 11 bankruptcy protection as it grapples with the lingering impacts of the COVID-19 pandemic....

12. Cyprus Police reshuffles key roles in long-awaited overhaul

https://knews.kathimerini.com.cy/en/news/cyprus-police-reshuffles-key-roles-in-long-awaited-overhaul

In what many see as a much-needed shake-up, the Cyprus Police Department has initiated a significant reshuffling, with key transfers across the ranks....

13. The loss of US media credibility

https://knews.kathimerini.com.cy/en/comment/opinion/the-loss-of-us-media-credibility

The US elections are highlighting the catastrophic consequences of the long-term devaluation of the country’s ''traditional'' news media....

14. New EU rules open Cyprus's troubled loan market to foreign investors

https://knews.kathimerini.com.cy/en/news/new-eu-rules-open-cyprus-s-troubled-loan-market-to-foreign-investors

In a move that could reshape Cyprus's financial landscape, Parliament recently passed a European Directive that makes it easier for foreign investors to buy non-performing loans (NPLs) in the country....

15. Behind the numbers: Are Cyprus's non-performing loans just a makeup job?

https://knews.kathimerini.com.cy/en/comment/opinion/behind-the-numbers-are-cyprus-s-non-performing-loans-just-a-makeup-job

Are there good makeup artists in Cyprus? Sometimes I wonder, but since I’m out of the fashion scene, I can’t say for sure. However, when I think back to the banking events of the last 15 years, then yes—at least in the banks, they exist....

16. Cypriot loan servicers struggle as red loans hit €21.2B

https://knews.kathimerini.com.cy/en/news/cypriot-loan-servicers-struggle-as-red-loans-hit-€21-2b

While non-performing loans (NPLs) in Cypriot banks are gradually declining, the situation remains dire for "red loans" held by loan acquisition companies, or "servicers." ...

17. Christodoulides: ''We cannot operate in 2024 on 1960 terms''

https://knews.kathimerini.com.cy/en/news/christodoulides-we-cannot-operate-in-2024-on-1960-terms

The Cabinet convened yesterday to advance a significant framework of institutional reforms aimed at modernizing Cyprus' state apparatus....

18. Cyprus finalizes 2025 budget with focus on export growth

https://knews.kathimerini.com.cy/en/business/cyprus-finalizes-2025-budget-with-focus-on-export-growth

The Council of Ministers is set to finalize discussions on the 2025 state budget by mid-September, as confirmed by Finance Minister Makis Keravnos. ...

19. FT: Unilever to cut 1/3 of office jobs in Europe

https://knews.kathimerini.com.cy/en/business/ft-unilever-to-cut-1-3-of-its-office-jobs-in-europe

Unilever, one of the largest distributors of consumer goods such as Dove, and BEn & Jerry's, Lipton, Knorr, etc., has announced plans to eliminate a third of its office-based roles in Europe by the end of 2025, ...

20. Monthly car auction returns to Larnaca, featuring Bank of Cyprus vehicles

https://knews.kathimerini.com.cy/en/business/monthly-car-auction-returns-to-larnaca-featuring-bank-of-cyprus-vehicles

Car enthusiasts and bargain hunters alike will converge once again on Mosfiloti, Larnaca, as the monthly car auction resumes its cycle....

21. Agency reports strong start to 2024, continues paying off state debt

https://knews.kathimerini.com.cy/en/news/agency-reports-strong-start-to-2024-continues-paying-off-state-debt

KEDIPES, Cyprus' state-owned asset management agency, announced a €144 million cash inflow for the first quarter of 2024. The agency also made a €140 million repayment to the state, bringing the total repayment to €1.3 billion since it started in September 2018....

22. Charalambos Prountzos elected as Nicosia mayor by wide margin

https://knews.kathimerini.com.cy/en/news/charalambos-prountzos-elected-as-nicosia-mayor-by-wide-margin

Charalambos Prountzos has been elected as the new Mayor of Nicosia by a significant margin....

23. Cyprus non-performing loans drop to lowest level in years

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. ...

24. Banking sector's pledge to environmental transition

https://knews.kathimerini.com.cy/en/news/banking-sector-s-pledge-to-environmental-transition

Eliza has been the Executive Director of Finance since October 2019 and since October 2021 she has been an Executive Member of the Bank of Cyprus Board of Directors....

25. Uncovering transparency issues in public contracts

https://knews.kathimerini.com.cy/en/news/uncovering-transparency-issues-in-public-contracts

The uproar surrounding a revitalizing project on the outskirts of Nicosia, the capital, is just a drop in the bucket compared to the broader issues plaguing certain contracting firms and the administration overseeing public contracts....

26. Countdown begins for next Cyprus Central Bank Governor

https://knews.kathimerini.com.cy/en/news/countdown-begins-for-next-cyprus-central-bank-governor

As the clock ticks towards the end of Mr. Konstantinos Herodotou's tenure on April 11, all eyes are on the impending announcement of his successor by President Nikos Christodoulides. ...

27. Government strengthens social safety net with nationwide social worker program

https://knews.kathimerini.com.cy/en/news/government-strengthens-social-safety-net-with-nationwide-social-worker-program

In a move aimed at bolstering the country's social safety net, Cyprus President Nikos Christodoulides announced a nationwide expansion of the Neighbourhood Social Workers' Programme....

28. Business loans drop, home loans steady

https://knews.kathimerini.com.cy/en/business/business-loans-drop-home-loans-steady

The Central Bank of Cyprus reported on Wednesday that the net demand for corporate loans continued to decrease in the last quarter of 2023, marking a consistent downward trend since the first quarter of 2022, although at a slower pace than anticipated earlier in the year....

29. Boeing CEO to step down in wake of safety scandals

https://knews.kathimerini.com.cy/en/news/boeing-ceo-to-step-down-in-wake-of-safety-scandals

Boeing, the renowned U.S. aircraft manufacturer, announced significant changes in its leadership, with CEO Dave Calhoun set to depart by year-end....

30. What are they afraid of?

https://knews.kathimerini.com.cy/en/comment/opinion/what-are-they-afraid-of

Transparency is not merely a good thing; it is essential. However, with the exception of one, credit buyout companies seem unwilling to disclose their financial results, keeping them shrouded in secrecy....

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