https://knews.kathimerini.com.cy/en/news/starlink-s-finances-frozen-in-brazil-after-legal-conflict-with-elon-musk-s-x
Brazil's top judge has ordered a freeze on the finances of Elon Musk's satellite internet service, Starlink, preventing the company from conducting financial transactions in the country....
https://knews.kathimerini.com.cy/en/news/eurobank-s-michalis-louis-set-to-become-new-ceo-of-hellenic-bank
Michalis Louis, CEO of Eurobank Cyprus, is expected to be named the new chief executive officer of Hellenic Bank following the bank’s 50th Annual General Meeting on September 18, 2024....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-set-for-major-changes-in-september
September will bring significant shifts for Cyprus's two largest banks....
https://knews.kathimerini.com.cy/en/business/eurobank-completes-takeover-of-hellenic-bank
Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., has successfully completed its mandatory takeover bid for Hellenic Bank Public Company Limited. ...
https://knews.kathimerini.com.cy/en/news/eurobank-to-revamp-hellenic-bank-s-leadership-in-september
Eurobank is now focusing on the next steps following the completion of its tender offer for a 100% acquisition of Hellenic Bank, finalized on Tuesday, June 30, 2024. ...
https://knews.kathimerini.com.cy/en/news/greek-firms-fuel-business-expansion-across-cyprus
The investment climate in Cyprus has significantly improved since the crisis era of 2013, attracting substantial interest from Greek companies....
https://knews.kathimerini.com.cy/en/news/market-changes-eurobank-s-move-and-economic-struggles
Bank of Cyprus shares were delisted from the Athens Stock Exchange following the 2013 financial crisis and the turbulent merger with Laiki Bank, including the depositor haircut...
https://knews.kathimerini.com.cy/en/news/fifteen-days-left-to-decide-on-eurobank-s-offer
Hellenic Bank shareholders have less than 15 days to decide whether to sell their shares to Eurobank, which has made a takeover offer of 2.56 euros per share. The offer, initiated at the start of the month, has a four-week deadline, shorter than the maximum eight weeks allowed....
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/news/fitch-elevates-hellenic-bank-s-credit-rating
Fitch Ratings has upgraded Hellenic Bank's Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+', with stable outlook and its Viability Rating (VR) to 'bbb-' from 'bb+'.
...
https://knews.kathimerini.com.cy/en/news/cyprus-cancels-russian-billionaires-passports-from-christofias-era
Cyprus has revoked the citizenship of two high-profile Russian oligarchs who were naturalized during the presidency of Demetris Christofias. ...
https://knews.kathimerini.com.cy/en/news/eurobank-gains-green-light-for-100-acquisition-of-hellenic-bank
The Cyprus Securities and Exchange Commission (the “CySEC”) approved on 25 June 2024, the publication of the Takeover Bid Document for the acquisition by Eurobank S.A. of up to 100% of the issued share capital of Hellenic Bank, whose shares are listed on the Main Market of the Cyprus Stock Exchange (“CSE”).
...
https://knews.kathimerini.com.cy/en/business/major-shareholders-of-bank-of-cyprus-seek-to-sell-15-stake
Two major shareholders of Bank of Cyprus, CarVal Investors and Caius Capital, who together hold 15% of the bank's shares, are looking to sell their stake....
https://knews.kathimerini.com.cy/en/comment/opinion/how-inheriting-property-can-cause-headaches
Everything usually starts with pure intentions: ''We have two children, so we pass on half a share to each of them to avoid offending anyone, and then let them do what they want.''...
https://knews.kathimerini.com.cy/en/news/eurobank-takes-control-with-55-3-share-in-hellenic-bank
The European Central Bank (ECB) has given its approval for Eurobank to acquire a majority stake of over 50% in Hellenic Bank, marking a significant milestone in the banking landscape of Cyprus....
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/news/world-bank-tribunal-backs-cyprus-2013-bank-measures
Cyprus’ Attorney-General, George Savvides said on Thursday that a decision by the International Arbitral Tribunal of the World Bank on the case Theodoros......
https://knews.kathimerini.com.cy/en/news/eurobank-s-q1-profit-boosted-by-41m-from-hellenic-bank-investment
Eurobank reported an adjusted net profit of €383 million for the first quarter of 2024, with €92 million originating from Cyprus. ...
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-earns-€133-million-in-profits
The Bank of Cyprus has announced a robust profit of EUR 133 million for the first quarter of 2024, marking a significant increase from EUR 95 million in the same period last year....
https://knews.kathimerini.com.cy/en/business/new-ceo-for-cablenet-communication-systems-plc-in-cyprus
Ioannis Mavridis, a seasoned executive with over 20 years’ international experience in the banking and telecoms industries, will be assuming the role of CEO......
https://knews.kathimerini.com.cy/en/news/mp-neofytou-proposes-11-000-immediate-payout-for-solidarity-fund-recipients
Democratic Rally MP Averof Neophytou has unveiled a groundbreaking initiative aimed at alleviating financial burdens for beneficiaries of the Solidarity Fund....
https://knews.kathimerini.com.cy/en/news/the-birth-of-bank-of-cyprus-in-1899
The narrative of the Bank of Cyprus, the venerable cornerstone of the island's financial landscape, traces its origins back to January 1, 1899. This pivotal moment heralded a new era not only for Cyprus's economy but also for its societal fabric....
https://knews.kathimerini.com.cy/en/business/hellenic-set-to-acquire-cnp-in-multimillion-euro-deal
Everything appears to be proceeding smoothly, and it seems that CNP Cyprus will soon be under the ownership of Hellenic Bank....
https://knews.kathimerini.com.cy/en/news/whatsapp-s-lowered-age-limit-sparks-controversy
Meta, the parent company of WhatsApp, has revised its minimum age requirement for the messaging app in Europe, lowering it to 13 from 16, a move that has drawn criticism from children's rights advocates....
https://knews.kathimerini.com.cy/en/news/astrobank-s-record-breaking-year-€30-4m-in-profits-for-2023
AstroBank reported Profit After Tax of €30.4 million for 2023, representing a return on equity (RoE) of 13.9%, compared with €12.2 million and RoE of 6.2% for 2022, achieving an increase on profit of 150%, mainly due to increased interest income....
https://knews.kathimerini.com.cy/en/news/hellenic-bank-s-pursuit-of-cnp-cyprus-uncovers-uncertainties
The exclusive negotiations between Hellenic Bank and CNP Cyprus Insurance Holdings, a subsidiary of the French insurance powerhouse CNP Assurances, have captured attention for their high stakes and strategic importance....
https://knews.kathimerini.com.cy/en/news/finance-ministry-urges-applicants-for-2013-haircut-compensation
The Cyprus Finance Ministry is calling on all individuals and entities affected by the 2013 Cyprus bailout to submit their electronic applications for participation in the "Replenishment Scheme of the National Solidarity Fund."...
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/boeing-s-engine-cowling-detaches-mid-takeoff-strikes-wing
US airline regulators have launched an investigation after an engine cowling on a Boeing plane fell off during takeoff and struck the wing flap, the latest in a series of safety problems facing the aircraft manufacturer.
...
https://knews.kathimerini.com.cy/en/business/us-sanctions-cyprus-based-entity-for-russian-sanctions-evasion
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on Monday against thirteen entities and two individuals, including one based in Cyprus, ...
