https://knews.kathimerini.com.cy/en/news/boc-reports-€349-million-in-profits-plans-employee-bonuses-for-2024
In a significant financial turnaround, Bank of Cyprus reported a notable profit of €349 million for the nine months ending September 30, 2023, marking a substantial improvement from the €19 million loss in the same period last year. ...
https://knews.kathimerini.com.cy/en/news/elizabeth-mccaul-unveils-hidden-financial-dangers
A strong signal highlighting the need for closer scrutiny of non-bank financial institutions comes from Frankfurt, as Elizabeth McCaul, a member of the European Central Bank's Supervisory Board, emphasizes the potential risks....
https://knews.kathimerini.com.cy/en/news/electronic-ids-set-to-transform-citizen-services
Before the end of the current year, citizens and various professional groups will benefit from the use of electronic identity and electronic signatures in several government services, said Philippos Hadjizacharia, the Deputy Minister of Research, Innovation, and Digital Policy, during his speech at the 19th annual Economist Conference in Nicosia.
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https://knews.kathimerini.com.cy/en/comment/opinion/un-chief-s-controversial-view-on-cyprus-unity
In a recent interview, the Special Representative of the UN Secretary-General and Head of UNFICYP, Colin Stewart, referred to the fact that his country of origin, Canada, has a French-speaking Prime Minister, despite the fact that French-speakers make up 25% of the population, in order to show that ethnic and linguistic differences are being addressed and over time will not pose a threat to the unity of the country....
https://knews.kathimerini.com.cy/en/news/european-commission-demands-turkey-s-commitment-to-un-framework-on-cyprus
The European Commission’s annual report on Turkey’s EU accession process, presented in Brussels on Wednesday, stressed the need for a Cyprus settlement based on a bizonal bicommunal federation as the only solution that is acceptable by the EU....
https://knews.kathimerini.com.cy/en/business/cyprus-banks-bracing-for-profit-squeeze-according-to-moody-s
Moody's believes that Cyprus' small and saturated banking sector, the banks' limited loan portfolio, and low fee and commission income will restrict opportunities for growth in domestic banks' activities and profitability in the long term....
https://knews.kathimerini.com.cy/en/news/life-expectancy-in-cyprus-drops-to-81-3-years
Data released by Eurostat, the statistical service of the European Union, reveals that life expectancy in Cyprus has declined to 81.3 years....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-and-hellenic-bank-upgraded-by-fitch
Fitch Ratings has delivered significant upgrades to the two largest Cypriot banks, Bank of Cyprus and Hellenic Bank, signaling a positive turn in Cyprus's economic landscape and a bright outlook for both financial institutions....
https://knews.kathimerini.com.cy/en/news/president-charts-humanitarian-path-for-gaza-with-us-secretary-of-state
President of the Republic, Nikos Christodoulides, presented a detailed document outlining the steps planned by the Cypriot Authorities for providing humanitarian aid to Gaza during his meeting with US Secretary of State, Antony Blinken....
https://knews.kathimerini.com.cy/en/news/fitch-upgrades-hellenic-s-long-term-rating-to-bb-with-stable-outlook
In a recent announcement, Fitch Ratings raised Hellenic Bank's long-term rating from "BB-" to "BB+" and assigned a stable outlook to the bank. The agency also upgraded the bank's Viability Rating (VR) to "bb+" from "bb-."...
https://knews.kathimerini.com.cy/en/news/airstrikes-rockets-and-buildings-claim-over-3-600-child-lives-in-gaza
The murders of Alexis Mavromichalis (Alexoui) and Thanasis Kalogeropoulos present a challenging puzzle for investigators. They are grappling with a wealth of information related to the open conflicts involving the victims.
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https://knews.kathimerini.com.cy/en/news/€16-billion-in-energy-investments-for-2021-2030
Cyprus' investment footprint in the energy sector is small but not insignificant, with expected investments in the sector amounting to over €16 billion for the decade 2021-2030, experts said at the third and fourth sessions of the 11th energy symposium, organised by FMW and the Institute of Energy of South East Europe in Nicosia on Tuesday....
https://knews.kathimerini.com.cy/en/news/which-european-country-bears-the-brunt-of-energy-costs
The pre-tax prices of electricity and natural gas soared after Russia's full-scale invasion of Ukraine, but they're now on the decline. Although slightly higher than the second half of 2022, the final prices for customers, including taxes, reached their peak in the first half of 2023....
https://knews.kathimerini.com.cy/en/news/biden-s-cabinet-seeks-$105-billion-aid-for-israel-and-ukraine
Defense Secretary Lloyd Austin and Secretary of State Antony Blinken will make the case Tuesday that the United States should immediately send aid to Israel and Ukraine, testifying at a Senate hearing as the administration’s massive $105 billion emergency aid request for conflicts in those countries and others has already hit roadblocks in the divided Congress.
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https://knews.kathimerini.com.cy/en/news/kombos-embarks-on-diplomatic-mission-to-ramallah-amidst-middle-east-tensions
In a pivotal move aimed at addressing the escalating tensions in the Middle East, Foreign Minister Constantinos Kombos is set to embark on a diplomatic mission to Ramallah, where he will engage in high-level discussions with his Palestinian counterpart, Riad Malki, along with other key officials....
https://knews.kathimerini.com.cy/en/news/eu-s-annual-time-change-sparks-heated-discussions
In a recurring ritual that influences the daily lives of millions, the European Union finds itself divided over the issue of daylight saving time....
https://knews.kathimerini.com.cy/en/news/cyprus-grapples-with-alarming-gaps-in-youth-employment-and-basic-skills
The Chairman of the Parliamentary Committee on Labour, Welfare and Social Security, Andreas Kafkalias, expressed concern over the gaps in basic skills and the high percentage of young people not in employment, education, or training (14.7%) in Cyprus. ...
https://knews.kathimerini.com.cy/en/business/kedipes-calls-for-stability-in-foreclosure-framework-to-safeguard-borrowers-homes
Lambros Papadopoulos, Chairman of the Board of Directors of KEDIPES (Cyprus Asset Management Company), emphasized the importance of maintaining consistency in the 2018 divestment framework within the Parliament....
https://knews.kathimerini.com.cy/en/business/ecb-maintains-interest-rates-amid-tightening-impact
The European Central Bank (ECB) has opted to maintain interest rates unchanged for the first time in over a year, marking a shift following 10 consecutive rate hikes. ...
https://knews.kathimerini.com.cy/en/news/property-sales-surge-to-15-year-high-due-to-foreign-buyers
Residential property sales in Cyprus hit a 15-year record high in the second quarter of 2023, with significant increases in prices, according to data released by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-crucial-role-in-evacuating-foreigners-from-war-zones
Defense Minister Michalis Giorgalas emphasized Cyprus' strategic importance in the Middle East crisis, highlighting its role as a stable and capable partner in humanitarian operations....
https://knews.kathimerini.com.cy/en/business/ecommbx-a-platform-to-rule-them-all
From Day One, ECOMMBX was determined to develop the most powerful electronic payments systems, capable of offering customers seamless cross-border transactions. ...
https://knews.kathimerini.com.cy/en/comment/opinion/unmasking-the-mystery-of-the-al-ahli-hospital-attack-in-gaza
"Who is Responsible for the Attack on Al-Ahli Hospital in Gaza?...
https://knews.kathimerini.com.cy/en/news/president-addresses-global-security-at-cairo-summit
This is not a regional crisis of limited concern or impact, it is fundamentally a question of international peace and security and a challenge that our global collective security system must respond to, President of the Republic Nikos Christodoulides told the International Peace Summit that took place Saturday in Cairo....
https://knews.kathimerini.com.cy/en/news/israeli-embassy-in-nicosia-targeted-in-midnight-explosion
In the early hours of Saturday morning, local authorities were alerted to an explosion near the Israeli embassy, raising concerns about the security situation in the area....
https://knews.kathimerini.com.cy/en/news/cyprus-appeals-for-eu-coordination-on-refugee-challenges
Cyprus calls for coordinated action at the EU level to deal with a possible new influx of refugees as a result of the war between Hamas and Israel, Interior Minister, Constantinos Ioannou, said during the first day of the Justice and Home Affairs Council meeting in Luxembourg....
https://knews.kathimerini.com.cy/en/news/assessing-the-dual-impact-of-government-s-support-measures
Recent days have witnessed crucial discussions surrounding measures to support households and businesses, a pressing necessity given the prevailing circumstances....
https://knews.kathimerini.com.cy/en/news/from-sun-to-showers-what-lies-ahead
Unpredictable weather patterns have taken hold of the region, as a weak low-pressure system and unstable atmospheric conditions bring varying conditions over the coming days....
https://knews.kathimerini.com.cy/en/news/ecb-set-to-keep-rates-steady-says-central-bank-of-cyprus-governor
No interest hikes are expected in the next European Central Bank Governing Council meeting, as the latest available recent data suggest that the ECB rates have reached a level that, if maintained, will contribute to the return of inflation to the medium-term target of 2%, Constantinos Herodotou, Governor of the Central Bank of Cyprus and ECB Governing Council member told CNA on Wednesday....
https://knews.kathimerini.com.cy/en/news/six-french-airports-evacuated-amid-email-threats-bomb-warnings-at-four
Six airports across France were evacuated on Wednesday, October 18, after emailed "threats of attack", a police source told Agence France-Presse (AFP)....
