https://knews.kathimerini.com.cy/en/news/cyprus-features-prominently-in-us-congress-turkey-report
The possible sale of F-16s to Turkey and tensions between Turkey and Cyprus and Greece are included in a US Congressional Research Service report on Turkey released on January 9, which outlines Biden administration support of the sale and opposition by 'some members of Congress'...
https://knews.kathimerini.com.cy/en/news/problems-surrounding-contactless-transactions-have-come-to-light
Cypriot banks have been asked to address a problem with a specific batch of Mastercard cards....
https://knews.kathimerini.com.cy/en/news/man-murdered-for-a-mere-200-euros
The brutal murder of 61-year-old Dorotheos Dimitriadis on January 4 in Latsia by a group of people who beat him mercilessly has shocked the country....
https://knews.kathimerini.com.cy/en/comment/opinion/the-2023-investment-chessboard
Today's data is completely different from what it was a year ago in terms of investment....
https://knews.kathimerini.com.cy/en/comment/opinion/for-2023
As the new year becomes more visible in terms of the dynamics it brings to Cyprus on all levels, 2023 will be remembered not only as an "election year," but also as the end of innocence after Anastasiades' ten-year reign. ...
https://knews.kathimerini.com.cy/en/news/cash-still-king-as-cypriots-take-digital-leap
The growing preference of Cypriots for digital means of payment, but also the desire to maintain the ability to pay with cash and checks, are the main conclusions of the report of the Central Bank of Cyprus on Retail Payments in Cyprus for the years 2014-2021...
https://knews.kathimerini.com.cy/en/business/what-did-cypriot-consumers-purchase-in-2022
Cashless transactions have significantly increased since businesses are now required to accept credit or debit cards. Card payments now account for approximately 72% of all commercial transactions, rather than cash. ...
https://knews.kathimerini.com.cy/en/business/kedipes-disburses-another-€80-million-to-the-state
The Board of Directors of the state-owned asset manager, KEDIPES, has decided to disburse another €80 million to state coffers for the fourth quarter of this year, with the amount paid to the state in 2022 reaching €310 million....
https://knews.kathimerini.com.cy/en/news/tiktok-to-be-outlawed-on-us-government-owned-devices
The US Senate late on Wednesday passed by voice vote a bill to bar federal employees from using the Chinese-owned video-sharing app TikTok on government-owned devices....
https://knews.kathimerini.com.cy/en/business/cyprus-retail-sector-continues-climb-despite-inflation
Black Friday, with its high levels of traffic and shopping, appears to have given way to the Christmas holiday season. The market is still moving well, with increased foot traffic in shopping malls and main streets....
https://knews.kathimerini.com.cy/en/news/mep-eva-kaili-fires-back-from-jail-cell
An attorney for EU lawmaker Eva Kaili, who is accused of being involved in an alleged bribery scandal involving a Gulf state, says money found in his client’s Brussels home did not belong to her, while a Cypriot MEP says he was troubled by her colleague’s stance towards Turkey’s ally Qatar...
https://knews.kathimerini.com.cy/en/comment/opinion/november-s-real-estate-performance
The year is almost over, and we now have a good idea of how the real estate market performed in 2022. As we all know, the difficulties were and continue to be numerous....
https://knews.kathimerini.com.cy/en/news/crypto-world-shaken-as-europe-arrests-mep
The arrest of MEP Eva Kaili on corruption charges involving a Gulf state has sparked media frenzy over the weekend, with Qatar refuting reports that the world cup host is involved while Belgian officials have not named the country that allegedly attempted to bribe the crypto ally...
https://knews.kathimerini.com.cy/en/business/the-expansion-of-the-digital-economy-and-the-upcoming-exchange-of-information-and-tax-transparency-regimes
The exchange of information has been widely considered as a one of the most effective measures in tackling tax evasion and protecting the integrity of tax systems. ...
https://knews.kathimerini.com.cy/en/business/hellenic-bank-soon-to-be-under-the-control-of-eurobank
Eurobank is gaining control of Hellenic Bank after purchasing Wargaming's 13.4% stake. With the addition of the 12.6% it held from the purchase of all shares in Third Point Hellenic Recovery Fund in the summer of 2021, it now stands at 26%....
https://knews.kathimerini.com.cy/en/business/world-s-largest-crypto-exchange-platform-to-set-up-shop-in-cyprus
The FTX bankruptcy scandal a few weeks ago rocked the entire crypto world to its core, after its founder Sam Bankman-Fried, the "wonderboy" of the crypto trading world,...
https://knews.kathimerini.com.cy/en/business/black-friday-see-how-the-annual-shopping-event-is-shaping-up-photos
On Thursday afternoon, sales began to increase significantly, particularly in shopping centers that benefited from favorable weather conditions, however, as of Friday morning, traffic appears to be somewhat subdued, at least in comparison to the corresponding images from 2019....
https://knews.kathimerini.com.cy/en/news/14-billion-euros of-loans-on-ice-due-to-the-suspension-of-foreclosure-sales
In Cyprus, credit purchasing companies manage over 80,000 loans totaling €20 billion....
https://knews.kathimerini.com.cy/en/news/the-consequences-of-continuing-foreclosure-suspensions
Lambros Papadopoulos, President of the state-owned asset management company, KEDIPES, warned on Tuesday that the continued suspension of foreclosures will negatively affect the company’s revenue from non-performing loans (NPLs) management resulting in a reduced repayment of state aid....
https://knews.kathimerini.com.cy/en/news/investors-lost-$1-billion-on-ftx-prompting-calls-for-industry-regulation
The turmoil in the cryptocurrency world continues unabated following the bankruptcy of the FTX platform, which landed its founder, Sam Bankman-Freid, bankrupt almost overnight. ...
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/news/abduction-of-cyprus-little-hacker-points-to-bizarre-case
Cyprus Police have landed on a tortuous case after it was revealed that a recent abduction of the island’s infamous 'Little Hacker' allegedly came to expose a fake arrest in the buffer zone and a real plot against a prominent businessman who has been in the crosshairs of law enforcement for years...
https://knews.kathimerini.com.cy/en/news/eu-leaders-burn-midnight-oil-on-gas-prices
European Union leaders ended another debate on the bloc's response to the energy crunch without agreement on whether to cap gas prices, deciding in the early hours of Friday morning to keep examining options to put a ceiling on costs...
https://knews.kathimerini.com.cy/en/news/us-opposed-to-a-turkish-russian-gas-hub
The State Department has expressed its opposition to Turkish President Recep Tayyip Erdogan's announcement yesterday of a gas hub in collaboration with Russia....
https://knews.kathimerini.com.cy/en/business/ey-achieves-highest-growth-in-nearly-two-decades-reports-record-global-revenue-of-us$45-4b
EY announced combined global revenues of US$45.4b for the financial year ending June 2022 (FY22), an increase of 16.4% in local currency (13.7% in US dollars). This marks one of the most successful years in the history of the organization with the highest growth seen in nearly two decades attributed to the EY NextWave strategy to deliver long-term value for EY people, clients and society....
https://knews.kathimerini.com.cy/en/news/investigating-russian-remittances-to-mount-athos
The Money Laundering Authority is investigating suspicious money transfers from abroad to the individual accounts of monks on Mount Athos....
https://knews.kathimerini.com.cy/en/news/eu-countries-approve-energy-windfall-levies-turn-to-gas-price-cap
European Union countries agreed on Friday to impose emergency levies on energy firms’ windfall profits and began talks on their next move to tackle Europe’s energy crunch – possibly a bloc-wide gas price cap....
https://knews.kathimerini.com.cy/en/business/ecommbx-celebrates-its-5th-birthday-with-its-new-partner-citi
On 22 September, ECOMMBX, a progressive Electronic Money Institution in Cyprus, celebrated its 5th year in business. ...
https://knews.kathimerini.com.cy/en/business/ecommbx-opens-new-horizons-enabled-by-its-new-banking-agreement-with-citi
ECOMMBX, a progressive Electronic Money Institution based in Nicosia, proudly announces that it has concluded a correspondent banking agreement with Citi, the world’s most global bank. This new collaboration delivers a range of benefits for both ECOMMBX as well as Cyprus, as a jurisdiction....
https://knews.kathimerini.com.cy/en/business/ey-cyprus-to-present-findings-of-2nd-ey-attractiveness-survey-at-cyprus-attractiveness-forum-investment-realized-on-25-october
EY Cyprus is proud to present the findings of the second edition of the EY Attractiveness Survey Cyprus 2022, during its flagship event, Cyprus Attractiveness Forum: Investment Realized 2022 on 25 October 2022 at Parklane Hotel, Limassol....
