https://knews.kathimerini.com.cy/en/business/the-$10-billion-plan-to-rebuild-cyprus-s-ghost-town
The Turkish newspaper Sözcü has drawn attention to Varosha, an abandoned area in Famagusta, calling it the "Las Vegas of the Mediterranean." The paper says it would take $10 billion to bring the ghost town back to life after being abandoned for 50 years....
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/greek-olive-oil-producers-reject-bulk-sales-thrive-in-export-market
They knew the easy way. They could have effortlessly sent their oil in bulk to Italy....
https://knews.kathimerini.com.cy/en/news/hackers-claim-560m-ticketmaster-accounts-breached
Ticketmaster owner Live Nation confirmed "unauthorised activity" on its database after a group of hackers said they had stolen the personal details of 560 million customers.
...
https://knews.kathimerini.com.cy/en/business/astrobank-investment-opportunities-in-paphos-and-famagusta
AstroBank is selling a shop at the Paphos town centre, a detached house in Peyia as well as agricultural and residential plots elsewhere in Paphos and in Famagusta that are ideal as an investment.
...
https://knews.kathimerini.com.cy/en/news/sixteen-nuns-depart-church-criticize-pope-francis
Sixteen Spanish nuns have announced they are breaking from the Catholic Church and instead placing themselves under the authority of Pablo de Rojas Sánchez-Franco, a self-styled bishop who was excommunicated in 2019....
https://knews.kathimerini.com.cy/en/news/ft-law-firms-turn-to-ai-for-cost-cutting-and-efficiency
Law firms worldwide are increasingly turning to generative artificial intelligence (AI) to streamline operations and reduce costs, with many either......
https://knews.kathimerini.com.cy/en/business/astrobank-investment-opportunities-in-paphos
AstroBank is selling a shop at the Paphos town centre as well as agricultural and residential plots elsewhere in the district that are ideal for investment....
https://knews.kathimerini.com.cy/en/news/cryptocurrency-seized-in-cyprus-as-fraud-network-unravels
A well-established international cryptocurrency fraud, dismantled recently, resulted in numerous victims and significant profits for a criminal network....
https://knews.kathimerini.com.cy/en/news/ft-tiktok-leads-fight-against-fake-videos
TikTok is pioneering a new approach to combat the spread of disinformation and deepfakes on social media platforms. In a move to enhance transparency...
https://knews.kathimerini.com.cy/en/news/china-s-leader-targets-hungary-serbia-for-investments
Chinese leader Xi Jinping will spend most of his five-day tour in Europe this week in two small countries in the continent’s eastern half, a region that Beijing has used as a foothold for its expanding economic ambitions in Europe....
https://knews.kathimerini.com.cy/en/news/fruit-and-vegetable-markups-reach-170-compared-to-producer-rates
According to data from the Ministry of Agriculture's e-kofini platform, retail prices of fruits and vegetables are considerably higher compared to prices set by producer organizations....
https://knews.kathimerini.com.cy/en/business/€182m-deal-marks-hellenic-s-strategic-move-into-insurance-sector
CNP Cyprus, the subsidiary of the French insurance giant CNP Assurances, is finally being transferred to Hellenic Bank for €182 million....
https://knews.kathimerini.com.cy/en/news/uk-ranked-worst-in-world-for-underage-drinking
Great Britain has the worst rate of child alcohol abuse worldwide, and more than half of children in England, Scotland and Wales have drunk alcohol by the age of 13, according to a report....
https://knews.kathimerini.com.cy/en/news/4-000-lives-lost-in-a-single-blast
In the midst of conflict, even the most unexpected victims are not spared from tragedy, as evidenced by the devastating impact on IVF embryos in Gaza. ...
https://knews.kathimerini.com.cy/en/news/healthier-ready-to-eat-meals-could-slash-eu-emissions-by-48m-tonnes
Healthier ready-to-eat meals could cut EU emissions by 48m tonnes annually and save customers €2.8bn (£2.4bn) each year, as well as reducing disease, a report has found....
https://knews.kathimerini.com.cy/en/news/cyprus-news-digest-from-river-beautification-to-billionaires-bargains
It's been a while since we heard about inaugurations from our president, so this one deserves special mention: ...
https://knews.kathimerini.com.cy/en/news/fake-priest-targets-people-with-€12-sweets
A charlatan priest appears to have been deceiving citizens in Larnaca, extracting money from them....
https://knews.kathimerini.com.cy/en/news/authorities-stumped-on-declared-cash
The question of the whereabouts of over 90 million euros in cash allegedly spent by travelers arriving in Cyprus through Larnaca and Paphos airports in the last 15 months remains unanswered by competent state authorities....
https://knews.kathimerini.com.cy/en/news/cyprus-faces-electricity-market-struggles-amid-smart-meter-setback
Cyprus faces significant hurdles in its electricity sector, notably in establishing a fair and competitive market. This impacts consumer choice of suppliers and efforts to transition to cleaner energy sources at home....
https://knews.kathimerini.com.cy/en/news/trump-s-$175m-bond-halts-ny-fraud-case-collection
Former President Donald Trump has taken action in his New York civil fraud case, posting a $175 million bond on Monday.
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https://knews.kathimerini.com.cy/en/news/limassol-s-night-sky-lights-up-with-pink-martini-s-30th-anniversary-tour
A delightful musical cocktail in the heart of summer!...
https://knews.kathimerini.com.cy/en/business/1-ideal-real-estate-investment-opportunities-for-sale-by-astrobank
AstroBank is selling a commercial plot in the centre of Nicosia and other properties that are ideal investment opportunities in Nicosia, Larnaca, Famagusta and Paphos....
https://knews.kathimerini.com.cy/en/news/europe-s-ambitious-plan-to-reignite-economic-engines
As Europe endeavours to uphold its competitiveness amidst economic rivals, its politicians believe they hold a concealed asset: the savings of its citizens, which remain unused and dormant....
https://knews.kathimerini.com.cy/en/news/from-white-house-to-white-robes-trump-sells-bibles
Former President Donald Trump, in a bid to rally his supporters and address mounting legal expenses, has ventured into selling Bibles....
https://knews.kathimerini.com.cy/en/news/archbishop-georgios-in-k-the-scandal-rocking-the-church-of-cyprus
In an interview with ''K,'' Archbishop George assures that efforts are being made to fully clarify the case of the Monastery of Saint Avvakum, which is causing turmoil within the Church. ...
https://knews.kathimerini.com.cy/en/business/kedipes-successfully-sells-€58-4m-portfolio-to-reduce-debt
The Cyprus Asset Management Company (KEDIPES) announced Thursday the successful completion of a sale of performing and restructured loan portfolios to Bank of Cyprus Public Company Limited, with a combined gross book value of €58.4 million as of December 31, 2022....
https://knews.kathimerini.com.cy/en/news/usa-house-votes-on-bill-to-ban-tiktok-over-national-security-worries
The House of Representatives passed a bill on Wednesday aiming to initiate a nationwide ban on the widely popular video app TikTok, unless its China-based owner sells the platform. ...
https://knews.kathimerini.com.cy/en/business/employers-organizations-cry-foul-as-water-price-cap-sparks-debate
In a decision that pleased consumers but left employer organizations dissatisfied, the Council of Ministers approved a bill on Wednesday that grants the minister the authority to set a maximum price for specific products, ...
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....
