https://knews.kathimerini.com.cy/en/news/cyprus-banks-have-€28-7-billion-in-cash-and-liquidity
The amount of liquidity in Cyprus's banking system rose to €28.7 billion in August 2024, according to the Central Bank of Cyprus (CBC). This increase was fueled by a growth in deposits alongside a decline in loans....
https://knews.kathimerini.com.cy/en/business/the-rise-of-applied-regulatory-compliance-from-theory-to-practice
As regulatory expectations continue to soar, it is clear that firms must shift from mere consultation to actionable compliance. ...
https://knews.kathimerini.com.cy/en/business/turkish-cypriot-leader-calls-for-foreign-investment
Turkish Cypriot leader, Ersin Tatar, encouraged business people to invest in his territory during the 15th Investment Conference held by the Turkey-US Business Council (TAIK). He stressed the importance of working together across different sectors for a sustainable future....
https://knews.kathimerini.com.cy/en/news/dr-silas-michaelides-recognized-as-top-expert-in-artificial-neural-networks
Dr. Silas Michaelides, who leads the ERATOSTHENES Centre of Excellence at the Cyprus University of Technology, has been named one of the world’s top scientists in the field of Artificial Neural Networks, placing in the top 0.5% globally. ...
https://knews.kathimerini.com.cy/en/news/andreas-papaconstantinou-to-become-the-new-auditor-general
Cyprus President Nikos Christodoulides appointed Andreas Papaconstantinou as the Republic's new Auditor General.
...
https://knews.kathimerini.com.cy/en/news/cyprus-needs-new-strategy-to-grow-winter-tourism
According to an article written by Dorita Yiannakou in this Sunday's Kathimerini, this year has been a steady one for winter tourism in Cyprus, showing the sector’s strength despite various regional challenges....
https://knews.kathimerini.com.cy/en/business/ey-cyprus-wins-transfer-pricing-firm-of-the-year-for-the-sixth-consecutive-year-and-charalambos-palaontas-recognized-as-leading-practitioner
EY Cyprus has once again been named Transfer Pricing Firm of the Year by the International Tax Review (ITR), marking the sixth consecutive year the firm has received this prestigious recognition. ...
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/business/andreas-petsas-named-new-ceo-of-eurobank-cyprus
Eurobank Cyprus’ Board of Directors, decided to appoint Mr Andreas Petsas as a Member of the Board of Directors and as the Bank’s Chief Executive Officer (CEO), in a meeting held on 17 September 2024 in Nicosia....
https://knews.kathimerini.com.cy/en/news/eurobank-and-india-collaborate-to-create-strategic-business-council
Mr. Ioannou raised concerns about whether the bank has a plan to maintain its strong profitability, which has largely come from rising interest rates......
https://knews.kathimerini.com.cy/en/business/cyprus-struggles-to-boost-winter-tourism
Cyprus is having a tough time improving its winter tourism, according to Kathimerini's Dorita Yiannakou, even though more tourists are visiting and spending more money. ...
https://knews.kathimerini.com.cy/en/news/von-der-leyen-unveils-new-european-commission-lineup
European Commission President Ursula von der Leyen has unveiled the list of new commissioners, including Kostas Kadis from Cyprus, who has been appointed as Commissioner for Fisheries and Oceans. ...
https://knews.kathimerini.com.cy/en/news/von-der-leyen-unveils-new-eu-commission-amid-slovenian-delay
European Commission President Ursula von der Leyen has selected Cyprus' Kostas Kadis as the next Commissioner for Fisheries and Oceans. Announcing the decision today, von der Leyen praised Kadis, saying,...
https://knews.kathimerini.com.cy/en/comment/opinion/cypriot-president-criticized-for-overtime-and-pension-controversies
Last September, Cypriot society witnessed the debacle involving Doxa Komodromou, who, despite being an official, billed the state for overtime at the president's request for events and speeches outside regular hours....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-moves-from-london-to-athens-stock-exchange-in-major-shift
In a series of significant moves, Cyprus's banking sector is undergoing notable changes this autumn....
https://knews.kathimerini.com.cy/en/business/new-cyprus-baltic-business-association-to-strengthen-economic-ties
The Cyprus Chamber of Commerce and Industry (CCCI) announced the establishment of the Cyprus-Baltic States Business Association aiming to promote, expand and encourage economic and trade relations between Cyprus and the Baltic States....
https://knews.kathimerini.com.cy/en/news/shipping-minister-champions-new-maritime-training-facilities-at-chios-academy
The qualitative upgrading of maritime education is of primary importance, Deputy Minister of Shipping Marina Hatzimanolis has said recently in Greece......
https://knews.kathimerini.com.cy/en/news/cyprus-air-traffic-control-relocation-to-kokkinotrimithia-underway
The Ministry of Transport, Communications, and Works has announced that intensive preparations are underway for relocating the Air Traffic Control Center of Civil Aviation to its new, purpose-built facility in Kokkinotrimithia....
https://knews.kathimerini.com.cy/en/business/second-quarter-first-half-2024-financial-results
AEGEAN announces its financial results for the Second Quarter and First Half of 2024.
...
https://knews.kathimerini.com.cy/en/news/cyprus-banks-praised-for-stronger-sanctions-enforcement-by-us
US sanctions imposed on entities and individuals in Cyprus are not targeting the country, but “oligarchs and arms traders” enabling “the Kremlin war machine” to continue the war in Ukraine......
https://knews.kathimerini.com.cy/en/business/the-transformation-of-berengaria-hotel-in-prodromos-continues-an-overview-of-current-progress
The repair and renovation works at Cyprus’s most historic mountain resort, the Berengaria Hotel in Prodromos, are currently in full swing, led by the well-known residential and commercial developer BBF......
https://knews.kathimerini.com.cy/en/news/what-cyprus-new-eu-minimum-wage-directive-means-for-workers-and-employers
Cyprus is set to implement the European Union’s directive on adequate minimum wages....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-considers-selling-jcc-to-euronet
Changes are imminent in Cyprus' payment sector as discussions unfold regarding the sale of JCC Payment Systems Ltd to Euronet. JCC Payment Systems......
https://knews.kathimerini.com.cy/en/business/1-trade
Cyprus’ trade deficit dropped by 17% in the first seven months of 2024, falling to €4.31 billion compared to €5.19 billion during the same period last year, ...
https://knews.kathimerini.com.cy/en/news/christodoulides-welcomes-five-new-ambassadors
President Nikos Christodoulides formally received the credentials of five newly appointed ambassadors to the Republic of Cyprus during a ceremony at the Presidential Palace on Monday. ...
https://knews.kathimerini.com.cy/en/business/september-newsletter-of-k-treppides-co-ltd-financial-conduct-authority
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...
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/life/nicosia-launches-free-accelerator-program-for-creative-businesses
The Nicosia Municipality is offering a free, two-month business accelerator program designed for individuals, groups, and existing businesses in the creative and cultural sectors. ...
https://knews.kathimerini.com.cy/en/news/boc-fintech-hackathon-5-0-where-the-fintech-nation-begins
The Bank of Cyprus is organizing the 5th BoC Fintech Hackathon 5.0, focused on innovative technologies in the financial sector (Fintech), on October 18-20, 2024. It will be held in person at the IDEA Innovation Center....
https://knews.kathimerini.com.cy/en/business/cyprus-unemployment-drops-by-8-9-in-august
The number of registered unemployed people in Cyprus dropped by 8.9% in August compared to the same month last year, according to data from the Statistical Service of Cyprus (CyStat). This marks a decrease of 1,177 people, bringing the total number of unemployed to 12,079....
