https://knews.kathimerini.com.cy/en/news/cyprus-grapples-with-€80-million-surge-in-state-budget-deficit-for-2023
The state budget deficit for 2023 increased by €80 million compared to the deficit recorded in 2022, according to the Fiscal Report of the Republic of Cyprus for 2023, submitted to the House of Representatives....
https://knews.kathimerini.com.cy/en/business/audit-uncovers-mismanagement-in-cyprus-public-health-system
In a damning revelation, Auditor General Odysseas Michaelides unveiled alarming mismanagement within Cyprus' public health sector, particularly in its flagship National Health System (GESY). ...
https://knews.kathimerini.com.cy/en/business/cyprus-braces-for-soaring-fuel-prices
Cyprus braces for a significant hike in motor fuel prices by mid-April, with increases of 10 cents per liter expected to impact consumer spending across the island nation, according to a report by Kathimerini's Maria Eraclous....
https://knews.kathimerini.com.cy/en/news/cyprus-economic-resilience-earns-high-credit-rating-confirmation
International rating agency Morningstar DBRS has confirmed Cyprus’ BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks.
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https://knews.kathimerini.com.cy/en/comment/opinion/how-rising-costs-are-changing-social-lives
Katerina P. has a job that brings in around 1,500 euros a month....
https://knews.kathimerini.com.cy/en/news/winter-2024-brings-17-boost-in-energy-production
Energean recorded new production growth in the first two months of 2024. Specifically, the company said in a statement that from 123 thousand......
https://knews.kathimerini.com.cy/en/business/cyprus-offers-€400k-boost-for-sme-s
The Commissioner for State Aid Control, Stella Michaelides, has announced her decision on a scheme aimed at supporting Small and Medium Size Enterprises (SMEs)...
https://knews.kathimerini.com.cy/en/business/$4-25m-per-dose-to-cure-rare-genetic-disease-in-children
The recent approval of Lenmeldy, a gene therapy designed to combat the fatal genetic disorder metachromatic leukodystrophy (MLD), has made headlines as it comes with a staggering price tag of $4.25 million per treatment. ...
https://knews.kathimerini.com.cy/en/business/cyprus-sets-sights-on-us-tourists-with-digital-campaign
Cyprus is gearing up to launch a digital campaign aimed at promoting itself as a holiday destination in the United States, with a focus on the East Coast regions of New York, Washington DC, Boston, and Philadelphia....
https://knews.kathimerini.com.cy/en/news/cabinet-allocates-€11-7m-for-training-and-job-opportunities
The cabinet greenlit two initiatives on Wednesday aimed at bolstering employment and training opportunities for 1,265 individuals who are currently unemployed....
https://knews.kathimerini.com.cy/en/news/cyprus-paves-the-way-in-its-ambitious-road-infrastructure-agenda
In an exclusive interview with Maria Eracleous of ''K,'' Eleftherios Eleftheriou, Director of Cyprus's Public Works Department, provided updates on critical infrastructure projects across the island nation....
https://knews.kathimerini.com.cy/en/news/vasiliko-energy-project-now-under-eu-scrutiny
The procedures and decisions related to Cyprus' largest energy project in Vasilikos are gaining significant attention....
https://knews.kathimerini.com.cy/en/news/how-to-apply-for-the-photovoltaic-project-for-your-home
The Greek Ministry of Energy has launched Category A3 of the grants scheme to promote the use of Renewable Energy Sources (RES) and Combined Heat and Power (CHP) systems in residential buildings for 2024-2025.
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https://knews.kathimerini.com.cy/en/news/one-year-in-challenges-mount-for-president-nikos-christodoulides
In today's Sunday edition of Kathimerini, journalist Marina Economidou delves into the intricate dynamics of President Nikos Christodoulides' first year. ...
https://knews.kathimerini.com.cy/en/news/cyprus-energy-project-stalemate-continues-amid-diplomatic-efforts
The month-long stalemate in the Republic of Cyprus' largest energy project remains unchanged, with Nicosia striving to avoid terminating the contract with the project consortium. Despite inactive communication channels, the government seeks to rekindle relations through the Chinese embassy in Nicosia....
https://knews.kathimerini.com.cy/en/business/state-collects-€90-million-in-taxes-from-casino
The state has seen a boost in tax revenue since the summer of 2018 when the temporary casino debuted in Limassol. The trend continues with the current operation of the resort and satellite locations in the provinces....
https://knews.kathimerini.com.cy/en/news/farmers-erect-barricades-confront-police-at-eu-summit
Tensions escalated between farmers and police in Brussels as agriculture ministers from the 27 EU countries convened today.
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https://knews.kathimerini.com.cy/en/business/pillar-two-readiness-and-technology
As per our previous publications and alerts, we had the opportunity to communicate a significant development - the introduction of BEPS 2.0 Pillar Two or Global Minimum Tax. The European Union unanimously adopted a directive in December 2022 (the ''Minimum Tax Directive''). ...
https://knews.kathimerini.com.cy/en/news/european-parliament-honors-navalny-amidst-food-inflation
The European Parliament will commemorate the life of Russian activist Alexei Navalny, featuring an address by his wife, Yulia Navalnaya, in its plenary session this week in Strasbourg......
https://knews.kathimerini.com.cy/en/news/cyprus-unveils-plans-for-world-s-first-virtual-dance-museum
In the heart of ancient Nicosia, Cyprus, a team of innovative professors and research scientists is making waves in the world of virtual dance. Nestled near the city's medieval wall, they are crafting the largest database of 3D dancers, aiming to establish the world's first virtual museum of dance....
https://knews.kathimerini.com.cy/en/news/government-official-salaries-surge-up-17-in-5-years
Over the past half-decade, the salaries of government officials have surged by a notable 17%, shedding light on the expanding state payroll. ...
https://knews.kathimerini.com.cy/en/business/cyprus-tourism-faces-headwinds-in-2024
According to an article by Maria Eracleous published in Kathimerini's Oikonomiki, the tourism sector in Cyprus is grappling with a challenging start to 2024, primarily attributed to the ongoing conflict in Israel and heightened price sensitivity impacting travel demand....
https://knews.kathimerini.com.cy/en/business/christodoulides-unveils-€60m-relief-package-amid-rising-prices
In an address to the nation, the President of Cyprus unveiled a series of targeted measures aimed at alleviating the economic challenges faced by households and businesses amidst rising prices. ...
https://knews.kathimerini.com.cy/en/news/eu-unveils-stricter-fiscal-rules-for-member-states
The European Commission has introduced new fiscal rules aimed at promoting growth and financial discipline among member states. The framework, ...
https://knews.kathimerini.com.cy/en/comment/opinion/the-sloppiness-of-our-brig-brother
The Cypriot's life is filled with cameras: pocket cameras worth 1,000 euros that also take phone calls, home cameras warding off unwanted visitors, and now cameras on the main arteries of the road network. ...
https://knews.kathimerini.com.cy/en/news/cyprus-development-expenditure-2023-surpasses-€1b
The realization of state budget development expenditure in 2023 reached 72% compared to 70% in 2022 and the average of 69% over the last decade, according to a Treasury report released on Wednesday....
https://knews.kathimerini.com.cy/en/news/cyprus-takes-the-helm-in-pioneering-anchored-ship-electricity-revolution
In a pioneering initiative set to transform offshore electricity for anchored ships, Cyprus is taking a leading role in the European BlueBARGE project. ...
https://knews.kathimerini.com.cy/en/news/government-grapples-with-energy-project-crisis
The firm spearheading one of the Republic of Cyprus' most ambitious energy ventures, Terminal F.P. at Royal, finds itself grappling with challenges that threaten its completion....
https://knews.kathimerini.com.cy/en/news/investigation-urged-as-state-contracts-lead-to-€6-4m-payout
In a recent address, Deputy Dipa Alekos Tryfonidis called attention to questionable agreements, urging an investigation into the responsible parties behind a contract resulting in a hefty 6.4 million euros compensation payout....
https://knews.kathimerini.com.cy/en/business/cabinet-moves-forward-with-plan-to-support-cyprus-entrepreneurs
Cyprus is gearing to set up a National Development Organisation which coupled with the Cyprus Equity Fund will promote entrepreneurship by covering financing gaps for small and medium-sized enterprises and start-ups, Minister of Finance Makis Keravnos said on Wednesday....