https://knews.kathimerini.com.cy/en/news/debate-intensifies-over-proposed-5-tax-on-bank-profits-in-cyprus
According to a report by Panayiotis Rougalas in today's 'Oikonomiki', a controversial proposal to introduce a 5% tax on bank profits in Cyprus is racing against time to be debated in Parliament before the Christmas recess....
https://knews.kathimerini.com.cy/en/business/green-line-regulation-boosts-trade-but-challenges-remain
The Green Line Regulation, which defines the legal framework for the movement of goods, people, and services between the government-controlled areas and the northern Turkish-occupied areas of Cyprus, remains a vital tool for the country’s reunification,...
https://knews.kathimerini.com.cy/en/business/cybersecurity-and-ict-risks-emerge-as-leading-drivers-of-operational-risk
Geopolitical tensions have significantly increased operational risks, particularly in the areas of cyber and digital threats, as well as risks related to money laundering and sanctions compliance....
https://knews.kathimerini.com.cy/en/news/attempted-murder-in-nicosia-as-residents-attacked-with-axes-and-clubs
A violent incident rocked the Strovolos area of Nicosia early this morning, as a group of intruders launched a brutal attack on a household, injuring four residents....
https://knews.kathimerini.com.cy/en/news/cyprus-strengthens-military-strategy-with-focus-on-us-armaments
Cyprus has been making strategic shifts in its military and diplomatic approach, particularly with regard to its relationship with NATO and its defense infrastructure, according to an article by Apostolos Tomaras in this Sunday's Kathimerini. ...
https://knews.kathimerini.com.cy/en/news/uss-bulkeley-makes-thanksgiving-stop-in-cyprus
The USS Bulkeley (DDG-84), an Arleigh Burke-class guided-missile destroyer, has docked in Cyprus for a Thanksgiving liberty call....
https://knews.kathimerini.com.cy/en/news/temporary-truce-in-the-healthcare-sector-as-december-showdown-looms
A temporary truce has been reached in the healthcare sector following the 48-hour doctors' strike....
https://knews.kathimerini.com.cy/en/news/cyprus-and-greece-forge-closer-ties-in-historic-meeting
President Nikos Christodoulides described the second intergovernmental meeting between Cyprus and Greece as a historic milestone. For the first time, 14 Greek Cabinet ministers joined their Cypriot counterparts in Nicosia, reflecting the deepening collaboration between the two nations....
https://knews.kathimerini.com.cy/en/business/cyprus-receives-major-credit-rating-boost-from-moody-s
Last Friday, Moody’s delivered a major endorsement of Cyprus’ economic progress, upgrading its credit rating by two notches, from Baa2 to A3, with a stable outlook, according to a report by Panayiotis Rougalas. ...
https://knews.kathimerini.com.cy/en/news/israel-hezbollah-ceasefire-now-in-effect-after-13-months-of-conflict
A ceasefire between Israel and Hezbollah took effect early Wednesday, starting at 4 a.m. local time (2 a.m. UK time). ...
https://knews.kathimerini.com.cy/en/business/200-foreign-companies-and-1-200-new-jobs-in-cyprus-in-six-months
Cyprus is experiencing a surge in foreign investment, with approximately 200 international companies establishing operations in the country during the first half of the year. ...
https://knews.kathimerini.com.cy/en/news/schinas-slams-two-state-solution-as-delusion-with-no-european-support
In a speech before the European Parliament, outgoing European Commission Vice President Margaritis Schinas delivered a firm message regarding the Cyprus problem, emphasizing that any hopes of resolving the issue through a two-state solution are misguided....
https://knews.kathimerini.com.cy/en/news/government-faces-labor-strikes-as-key-sectors-demand-action
Cyprus is grappling with escalating labor unrest in its most crucial industries, as healthcare, construction, and tourism workers push for long-standing demands. ...
https://knews.kathimerini.com.cy/en/comment/opinion/geoeconomic-tensions-and-cyprus-staying-the-course-amid-challenges-ahead
Geoeconomic fragmentation, the reversal of progress towards global economic and financial integration due to political and military conflict and strategic policy decisions, is rising....
https://knews.kathimerini.com.cy/en/news/unrelenting-winds-batter-cyprus-nicosia-hit-hardest
Unusually strong winds that swept across Cyprus since Sunday have caused widespread disruption, with Nicosia bearing the brunt of the damage....
https://knews.kathimerini.com.cy/en/news/israeli-embassy-slams-icc-s-arrest-warrants-for-netanyahu-and-gallant
In a strong rebuttal to the International Criminal Court's (ICC) recent arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant, the Israeli Embassy in Cyprus accused the court of undermining its own credibility and legitimacy....
https://knews.kathimerini.com.cy/en/news/turkey-slams-eu-maritime-map-escalating-tensions-with-greece-and-cyprus
Turkey has voiced sharp criticism of a European Commission map delineating potential maximum maritime zones for Greece, calling it an affront to its territorial claims in the Eastern Mediterranean....
https://knews.kathimerini.com.cy/en/news/uk-and-us-ambassadors-highlight-cyprus-growing-role-in-regional-affairs
The British High Commissioner Designate to Cyprus, Michael Tatham, and US Ambassador Julie Fisher underscored Cyprus’ importance in the region during the Economist’s 20th Annual Cyprus Summit on Thursday....
https://knews.kathimerini.com.cy/en/news/rising-food-prices-leave-cypriot-households-struggling
A recent survey reveals that consumers in Cyprus are increasingly worried about their financial future, as rising food costs and economic challenges weigh heavily on households....
https://knews.kathimerini.com.cy/en/business/november-newsletter-of-k-treppides-co-ltd
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/three-young-lives-lost-in-frenaros-car-crash-two-injured
The tragic traffic collision in Frenaros on Sunday, November 17, claimed the lives of three young people and left two others seriously injured....
https://knews.kathimerini.com.cy/en/news/cyprus-reunification-off-the-table-says-former-u-s-ambassador-warns-europe-not-to-rely-on-u-s
A statesman, a diplomat, and a patriot, John Koenig is the epitome of dedication to service and diplomacy. With a career spanning over three decades, he has served in pivotal roles across the globe, from his time as U.S. Ambassador to Cyprus from 2012 to 2015 to his earlier postings in Belgium, Greece, Indonesia, Italy, and the Philippines.
...
https://knews.kathimerini.com.cy/en/news/dbrs-morningstar-cyprus-shows-strong-recovery-in-tackling-bad-loans
Cyprus is starting to see some positive shifts in its financial sector, particularly when it comes to tackling non-performing loans (NPLs) – loans that borrowers have stopped paying. ...
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-reports-€401-million-profit-surge
In the latest financial report, Bank of Cyprus has reported a solid profit of €401 million for the first nine months of 2024—a 15% jump from last year’s €349 million. ...
https://knews.kathimerini.com.cy/en/news/boc-finalizes-sale-of-troubled-loans-to-boost-stability-and-growth
In September 2024, the Bank of Cyprus reached a deal with funds linked to Cerberus Global Investments B.V. to sell a portfolio of non-performing loans—primarily business loans backed by collateral. ...
https://knews.kathimerini.com.cy/en/business/cyprus-gdp-and-living-standards-improve-but-challenges-remain
Cyprus' living standards have continued to improve, with the country's GDP per capita reaching 95% of the EU average in 2023, according to recent data from the Statistical Service of Cyprus....
https://knews.kathimerini.com.cy/en/business/cyprus-trade-deficit-drops-by-€1-18-billion-as-imports-and-exports-decline
Cyprus’ trade deficit dropped significantly by 17.4%, or €1.18 billion, in the first nine months of the year compared to the same period in 2023, according to provisional data from the Statistical Service of Cyprus (Cystat). ...
https://knews.kathimerini.com.cy/en/business/hel
Hellenic Bank and Cyprus bank workers' union ETYK have reached an agreement to fully implement their collective agreement, bringing an end to a prolonged dispute that caused uncertainty and disruption at the bank, according to a statement from ETYK....
https://knews.kathimerini.com.cy/en/comment/opinion/why-i-almost-voted-for-trump—and-why-many-americans-did
I’ve been a staunch Democrat my whole life, but as I look at the results of the latest election, I can’t say I’m entirely shocked by Trump’s success. ...
https://knews.kathimerini.com.cy/en/news/staff-shortages-stall-local-government-reform-in-cyprus
According to Kathimerini's Pavlos Neophytou, the implementation of Local Government Reform in Cyprus faces critical staffing and operational challenges, especially in development licensing within Provincial Local Authorities (PLAs). ...
