https://knews.kathimerini.com.cy/en/business/€76-4m-profit-in-first-9-months-of-2022-for-hellenic
Hellenic Bank announced a profit of €76.4 million for the first 9 months of 2022. According to the Group Financial Results for the nine-month period, ...
https://knews.kathimerini.com.cy/en/news/eu-struggles-with-russian-oil-price-cap
European Union governments remained split on Thursday over what level to cap Russian oil prices at to curb Moscow’s ability to pay for its war in Ukraine without causing a global oil supply shock, with more talks possible on Friday if positions converge...
https://knews.kathimerini.com.cy/en/news/apple-supplier-apologizes-offers-$1400-payout-to-quell-protests
Apple’s manufacturing partner Foxconn has offered payouts of Rmb10,000 ($1,400) to newly recruited staff who elect to leave the iPhone factory and vowed to honour pay agreements, in an attempt to quell unrest after workers violently clashed with police....
https://knews.kathimerini.com.cy/en/business/cypriot-registered-ships-decrease-by-21-due-to-sanctions
A large number of tankers that previously sailed under European Union flags, such as Cyprus and Malta’s, are leaving those registers as a result of the sanctions on Russian oil transportation....
https://knews.kathimerini.com.cy/en/news/double-tax-treaty-talks-to-begin-between-cyprus-and-australia
Cyprus Finance Ministry has expressed satisfaction with the positive reaction of Australian authorities to initiate bilateral negotiations for the conclusion of the Convention for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance....
https://knews.kathimerini.com.cy/en/news/nicosia-municipalities-to-fund-adoptions-from-animal-shelter
Undoubtedly, the need for accommodation at the animal shelter, with which Nicosia's six municipalities (Nicosia, Strovolos, Lakatamia, Engomi, Agios Dometios, and Aglantzia) collaborate, has grown in recent years....
https://knews.kathimerini.com.cy/en/business/ey-holds-cyprus-attractiveness-forum-investment-realized-a-reference-point-for-fdi-in-cyprus
The Cyprus Attractiveness Forum: Investment Realized, organized by EY in collaboration with the Cyprus Chamber of Commerce and Industry, took place on Tuesday, October 25th at the Parklane Hotel, in Limassol. ...
https://knews.kathimerini.com.cy/en/business/new-roro-service-between-greece-and-cyprus
A new roll-on/roll-off (Ro-Ro) service linking Greece with Cyprus was inaugurated on October 1, the Lavrio Port Authority said on Thursday....
https://knews.kathimerini.com.cy/en/news/cyprus-s-first-step-toward-rail-and-tram-transportation
On the occasion of her visit to the island for the Cyprus Maritime Cyprus 2022 conference, European Commissioner for Transport, Adina Valean, raised for the first time the issue of the creation of a railway in Cyprus and the prospects of co-financing it....
https://knews.kathimerini.com.cy/en/business/one-stop-shop-for-shipping-companies-in-cyprus
The plenary of the House of Representatives unanimously passed a law on Thursday that provides for the establishment of a one-stop-shop framework for shipping companies....
https://knews.kathimerini.com.cy/en/news/suspicion-over-turkish-fishing-boats-in-migrant-drownings
Hellenic Coast Guard officers have told Kathimerini they were investigating the role of Turkish fishing boats that were close to the location where a dinghy sunk late Wednesday and a confirmed 18 people drowned, the deadlier of the two incidents involving migrants....
https://knews.kathimerini.com.cy/en/news/22-dead-dozens-missing-after-2-migrant-ships-sink
Bodies floated amid splintered wreckage in the wind-tossed waters off a Greek island Thursday as the death toll from the separate sinkings of two migrant boats rose to 22, with many still missing....
https://knews.kathimerini.com.cy/en/business/limassol-gets-ready-for-maritime-cyprus-2022
Limassol is set to host "Maritime Cyprus 2022", between October 9 and 12, with the participation of 900 delegates from 35 countries, Deputy Minister for Shipping Vassilis Demetriades said on Thursday....
https://knews.kathimerini.com.cy/en/business/demetriades-loss-of-fleet-due-to-sanctions-on-russia
According to Deputy Minister of Shipping Vassilis Demetriades, a number of ships have been removed from the Cypriot register as a result of Russian sanctions, resulting in the loss of a 700,000-tonne fleet. ...
https://knews.kathimerini.com.cy/en/news/house-scrambles-to-keep-ships-under-cyprus-flag
The House health committee in the Republic of Cyprus is scrambling to amend healthcare legislation in a race against the clock, following reports that ship owners are trying to take their business elsewhere to avoid having to pay GESY tax...
https://knews.kathimerini.com.cy/en/news/eu-flip-flops-on-russian-coal-after-cyprus-cries-foul
The shipping industry in the Republic of Cyprus can breathe a sigh of relief after the European Commission eased sanctions against Russian coal, following objection from Nicosia that saw stricter guidelines as a direct blow to its competitive advantage...
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-a-cat-has-nine-lives-so-does-the-cyprus-property-market
Where is the Cyprus property market heading? I have been asked this question countless times over the past three months, primarily from foreign investors who are trying to appreciate how the rise in inflation, increase in interest rates, and war in Ukraine is affecting local market dynamics....
https://knews.kathimerini.com.cy/en/business/ayia-napa-marina-welcomes-the-super-cruise-ship-rhapsody-of-the-seas
Ayia Napa Marina has proudly welcomed its first SUPER CRUISE SHIP ''Rhapsody of the Seas'', following the first cruise ship to anchor at the marina on 29 May. ...
https://knews.kathimerini.com.cy/en/news/rhapsody-courtesy-stop-unpacks-cyprus-game-plan
Cypriot officials were stoked on Tuesday when the Rhapsody of the Seas made a brief stop at the Ayia Napa Marina, a moment filled with high expectations for the island that hopes to attract cruise ships in its southeastern shores...
https://knews.kathimerini.com.cy/en/news/seafarer-airlifted-from-ship-off-coast-of-cyprus
A seaman was transported to Nicosia’s state hospital on Thursday following a medical emergency late at night on board a Ukraine-flag cargo ship bound for Israel...
https://knews.kathimerini.com.cy/en/news/first-greece-now-israel
With the final trip of the Limassol-Piraeus ferry route looming, Kathimerini's Oriana Papantoniou speaks to the Deputy Minister of Shipping about whether or not the program was a success, the public's impression of the service and what could be improved in the long run. The Minister also suggested a possible ferry connection with neighboring Israel....
https://knews.kathimerini.com.cy/en/news/skroutz-gr-next-stop-cyprus
Skroutz is once again expanding abroad. The largest marketplace in Greece is now shipping orders to Cyprus as well. In fact, the management’s intentions, albeit in the long term, are to expand to more countries, so that the marketplace acquires a broad international character and – if anything – turn into the “Greek Amazon.”...
https://knews.kathimerini.com.cy/en/business/100-000-workers-to-benefit-from-established-minimum-wage
The introduction of the national minimum wage in Cyprus, which will affect the salaries of almost 100 thousand workers from the beginning of 2023, has turned into a game of nerves but with an almost happy ending....
https://knews.kathimerini.com.cy/en/news/cyprus-minimum-wage-set-at-940-euros-per-month
The Minister of Labour and Social Insurance, Kyriakos Kousios, announced the establishment of the National Minimum Wage after the meeting of the Council of Ministers, calling it a historic day for the welfare state....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-turkey-must-behave-as-a-nato-ally
Senator Bob Menendez, chair of the United States Senate Committee on Foreign Relations, calls for more steps to deepen the multidimensional relationship between Greece and the US, from defense and security to emerging technologies, the digital economy, the maritime industry and commercial shipping....
https://knews.kathimerini.com.cy/en/news/sleepy-greek-port-becomes-us-arms-hub
But the sleepy port of Alexandroupoli in northeastern Greece has taken on a central role in increasing the US military presence in Eastern Europe to contain Russian aggression. That flow has angered not only Russia but also neighboring Turkey, underlining how war in Ukraine is reshaping Europe’s economic and diplomatic relationships....
https://knews.kathimerini.com.cy/en/news/eu-states-facilitating-employment-of-third-country-nationals-to-ease-labor-shortage
The European Union’s population is aging. The factors behind this phenomenon are many, but the declining fertility rates and the increased life expectancy, along with migration to countries like the United States, the United Kingdom, Canada, and Australia, are the main ones....
https://knews.kathimerini.com.cy/en/news/first-ship-carrying-ukrainian-grain-leaves-odesa-port
A ship carrying grain left the Ukrainian port of Odesa for Lebanon on Monday under a safe passage agreement, Ukrainian and Turkish officials said, the first departure since the Russian invasion blocked shipping through the Black Sea five months ago....
https://knews.kathimerini.com.cy/en/news/ukraine-russia-set-to-sign-deal-on-resuming-grain-exports
Russian and Ukrainian officials were poised Friday to sign deals designed to clear millions of tons of desperately needed grain for export, ending a standoff brought on by the war in Ukraine that threatened food security around the globe....
https://knews.kathimerini.com.cy/en/news/minister-ukraine-needs-assurances-to-resume-grain-exports
The Ukrainian foreign minister says grain exports from his country’s ports won’t resume without security guarantees for ship owners, cargo owners and Ukraine as an independent nation....