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....
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....
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....
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....
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....
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....
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....
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." ...
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....
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. ...
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, ...
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....
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....
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....
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/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....
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....
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. ...
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....
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....
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....
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....
https://knews.kathimerini.com.cy/en/news/kedipes-preps-for-major-loan-sell-off-boosting-cyprus-banks
In a strategic move to streamline its assets, KEDIPES is gearing up to offload a second batch of performing loans, hot on the heels of its €58 million deal with the Bank of Cyprus....
https://knews.kathimerini.com.cy/en/news/phone-ringing-debt-ignored-cyprus-faces-loan-repayment-hurdles
Despite efforts to reduce Non-Performing Loans (NPLs) in Cyprus, the lingering burden continues to weigh heavily on the country's economy and society....
https://knews.kathimerini.com.cy/en/news/banks-urged-to-accelerate-loan-restructurings
The governor of the Central Bank has shed light on the strategy for restructuring Non-Performing Loans (NPLs) and navigating credit risk management....
https://knews.kathimerini.com.cy/en/news/interest-rates-extended-borrowers-face-dilemma
Last Thursday, the European Central Bank (ECB) opted to maintain interest rates, extending the uncertainty for borrowers regarding their loans and repayments....
https://knews.kathimerini.com.cy/en/news/state-of-the-union-genuine-commitments-or-political-maneuvering
The Cyprus President’s State of the Union address is to take place on Monday in the presence of representatives of the Legislative and Judiciary, and other officials, Government Spokesperson, Konstantinos Letymbiotis said on Thursday.
...
https://knews.kathimerini.com.cy/en/news/germany-and-france-propose-radical-restructuring-of-eu-decision-making
In an unprecedented move, Germany and France are advocating for profound changes in the operation and decision-making processes of the European Union (EU).
...
https://knews.kathimerini.com.cy/en/news/black-holes-in-public-safety
Last week, Justice Minister Marios Hartsiotis pledged to enhance security, proposing an increased uniformed presence in the city center to combat crime....
https://knews.kathimerini.com.cy/en/news/parliament-enacts-law-granting-tax-exemption-on-loan-repayments
The House of Representatives has unanimously approved a law exempting individuals who sold real estate or transferred shares to repay Non-Servicing Loans from the 0.4% tax designated for the Central Equal Weight Sharing Agency...
