https://knews.kathimerini.com.cy/en/news/businesses-call-for-simpler-fairer-tax-reform-in-cyprus
The Institute of Certified Public Accountants of Cyprus is raising concerns over Cyprus’ proposed tax reform, arguing that while the new framework aims to ease the tax burden on individuals and businesses, it remains overly complex. ...
https://knews.kathimerini.com.cy/en/news/ai-auditing-or-auditing-ai-ensuring-accountability-and-trust
As artificial intelligence (AI) systems are used more and more in core business models in multiple sectors such as finance, healthcare, technology, and human resources, ensuring their transparency, fairness, integrity and reliability is paramount....
https://knews.kathimerini.com.cy/en/business/boc-seeks-to-acquire-ethniki-insurance-s-cyprus-subsidiary
Bank of Cyprus is moving forward with the acquisition of Ethniki Insurance’s Cyprus subsidiary, having entered exclusive negotiations for its purchase....
https://knews.kathimerini.com.cy/en/news/enjoy-your-foody-antamivi-reward
Now every order you place at Foody rewards you with points!...
https://knews.kathimerini.com.cy/en/news/corruption-worsens-in-occupied-cyprus-report-finds
The latest Corruption Perception Report for the occupied areas of Cyprus has painted a troubling picture, revealing a worsening trend in corruption levels....
https://knews.kathimerini.com.cy/en/business/mps-mull-casino-cash-exemption-despite-laundering-fears
A proposal to exempt casinos from Cyprus' €10,000 cash transaction limit has sparked a heated debate in parliament, with regulators warning that such a move could open the door to money laundering and create unequal rules for businesses....
https://knews.kathimerini.com.cy/en/business/fintech-giants-eye-cyprus-small-banks-in-race-for-european-banking-licenses
Cyprus’ small banks have become prime targets for global fintech companies and financial institutions, with potential acquisitions aimed at securing a European banking license. ...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-cancels-plan-to-sell-jcc-payment-systems
The process for the sale of JCC Payment Systems has been halted, bringing an end to the deal between JCC and Euronet that had been under consideration since the summer of 2024....
https://knews.kathimerini.com.cy/en/news/court-denies-release-for-german-woman-in-property-case
A 49-year-old German woman accused of illegally handling Greek Cypriot property in the occupied north of Cyprus has lost her appeal for release while awaiting trial. ...
https://knews.kathimerini.com.cy/en/business/hong-kong-investor-increases-stake-in-historic-agros-hotel
Foreign investor Balram Chainrai's aggressive pursuit of Agros' historic hotel continues into 2025 as he steadily increases his shareholding, bringing him closer to full control following his public takeover bid....
https://knews.kathimerini.com.cy/en/business/four-new-types-of-branches-at-the-bank-of-cyprus
Bank of Cyprus branches are entering a new era, with the bank having moved to modernise the operational model of its network with four types of branches....
https://knews.kathimerini.com.cy/en/business/eurobank-moves-for-full-control-of-hellenic-bank-in-major-takeover-push
February is shaping up to be a pivotal month for Hellenic Bank, as key financial moves unfold, including a full takeover bid by major shareholder Eurobank, the completion of key acquisitions, and a voluntary exit plan for employees....
https://knews.kathimerini.com.cy/en/business/superhome-center-sold-to-greek-company-for-€94-million
The sale of Superhome Center to Vasilitsi DIY for €94 million has been approved by the Board of Directors of Ermes Department Stores Plc....
https://knews.kathimerini.com.cy/en/news/76-year-old-arrested-in-cyprus-after-€150-000-fraud
A 76-year-old man was arrested Thursday in Larnaca after a joint investigation between Cypriot and German authorities uncovered his involvement in an internet fraud and money laundering scheme....
https://knews.kathimerini.com.cy/en/business/1-uk-bank-closures-could-disrupt-british-expats-in-cyprus
Lloyds Banking Group is shutting 136 more branches across the UK, continuing a long trend of high street bank closures. ...
https://knews.kathimerini.com.cy/en/news/cyprus-housing-is-in-crisis-as-foreign-buyers-take-over-the-market
As housing becomes an increasingly pressing issue for the majority of Cypriots, Parliament is opening up a debate on the surge in real estate purchases by third-country nationals....
https://knews.kathimerini.com.cy/en/news/how-abramovich-evaded-millions-in-taxes-using-cyprus
A massive tax evasion scheme tied to Roman Abramovich’s superyachts has been uncovered, shedding light on how the Russian billionaire exploited Cyprus’ offshore business environment. Leaked documents reveal that from 2005 to 2012, Abramovich’s companies set up a fake yacht-leasing business in Cyprus to dodge EU taxes on his luxury vessels....
https://knews.kathimerini.com.cy/en/business/abu-dhabi-s-purehealth-expands-into-cyprus
Cypriot citizens may soon see noticeable changes in their healthcare services following a significant acquisition deal involving PureHealth, an Abu Dhabi-based healthcare company....
https://knews.kathimerini.com.cy/en/business/eurobank-sells-€27m-stake-in-demetra-holdings
In a significant financial move, Eurobank announced the completion of the sale of its 8.58% stake in Demetra Holdings Plc to Logicom Services Limited. The deal, finalized on January 16, 2025, involved the sale of 17,152,353 shares at €1.55 per share, totaling approximately €27 million....
https://knews.kathimerini.com.cy/en/news/golden-passport-scandal-trial-postponed-for-ex-minister-and-associates
The high-profile case involving naturalizations under the Cyprus Investment Program has been postponed, with proceedings now set to resume on March 18, 2025....
https://knews.kathimerini.com.cy/en/news/new-scandal-rocks-church-of-cyprus
The Church of Cyprus is facing a fresh wave of scandal, this time involving two clerics accused of unethical behavior. The new allegations have recently come to light,...
https://knews.kathimerini.com.cy/en/news/cypriot-company-scammed-out-of-$81k-in-online-fraud
A Cypriot company based in Limassol has fallen victim to an online scam, losing over $81,000 worth of goods in a sophisticated fraud scheme....
https://knews.kathimerini.com.cy/en/news/1-ai-to-shake-up-banking-putting-thousands-of-jobs-at-risk
The global banking industry is bracing for a seismic shift as artificial intelligence (AI) continues to revolutionize the sector. A recent study by Bloomberg Intelligence predicts that up to 200,000 jobs in banking will be eliminated over the next three to five years as AI takes over tasks currently performed by employees....
https://knews.kathimerini.com.cy/en/business/greek-investor-set-to-acquire-superhome-center-in-cyprus
The sale of Superhome Center DIY LTD to a Greek investor is moving forward, with the final deal expected to be concluded in the coming weeks....
https://knews.kathimerini.com.cy/en/news/a-whole-year-of-free-fuel-from-mypetrolina-app-for-10-lucky-winners
MyPetrolina app Christmas campaign concluded successfully with the announcement of the 10 grand winners, each set to enjoy a whole year of free automotive fuel! The winners were announced at the Headquarters of Petrolina in Larnaka on January 8, 2025....
https://knews.kathimerini.com.cy/en/business/investor-scammed-out-of-$58-000-in-cryptocurrency-fraud
The promise of easy profits through online investments lured a 50-year-old man into a sophisticated cryptocurrency scam, resulting in the loss of $58,000....
https://knews.kathimerini.com.cy/en/comment/opinion/2025-a-new-chapter-for-cyprus-s-property-market
2024 was both literally and figuratively a leap year. Metaphorically speaking, we anticipated this shift a year ago as we reflected on 2023 and made our predictions for the year ahead....
https://knews.kathimerini.com.cy/en/comment/opinion/maha-kumbh-mela-2025-a-divine-confluence-of-faith-and-modernity
The Maha Kumbh Mela is not merely an event; it is a spiritual phenomenon deeply rooted in India's religious and cultural consciousness....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-greece-market-overview-2023-2024-and-projections-for-2025-and-beyond
The market underwent significant changes from mid-2023 onwards due to several global and regional factors....
https://knews.kathimerini.com.cy/en/business/finance-minister-signs-agreements-on-cryptocurrency-and-tax-information-sharing
Cyprus' Finance Minister, Makis Keravnos, has officially signed the Multilateral Competent Authority Agreements (MCAA) under the Global Forum of the Organization for Economic Cooperation and Development (OECD)....
