https://knews.kathimerini.com.cy/en/news/interior-minister-s-planning-amnesty-paves-way-for-affordable-housing
In a recent development, Interior Minister Konstantinos Ioannou directed the Director of Planning to formulate a comprehensive proposal for a planning amnesty....
https://knews.kathimerini.com.cy/en/business/cyprus-cabinet-unveils-business-carbon-grants
The Cabinet approved on Wednesday a new grants scheme to encourage greenhouse gas emission reductions in businesses....
https://knews.kathimerini.com.cy/en/news/cyprus-targets-gambling-addiction-with-new-gesy-proposal
In January 2024, the National Betting Authority submitted a comprehensive proposal to the Minister of Health, advocating for the inclusion of treatment for gambling-related behavioral disorders in Gesy, Cyprus' healthcare system.
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https://knews.kathimerini.com.cy/en/news/phone-ringing-debt-ignored-cyprus-faces-loan-repayment-hurdles
Despite efforts to reduce Non-Performing Loans (NPLs) in Cyprus, the lingering burden continues to weigh heavily on the country's economy and society....
https://knews.kathimerini.com.cy/en/business/eu-court-upholds-halloumi-pdo-registration
In a significant legal development, the EU General Court has dismissed an appeal by Cypriot cheese makers challenging the registration of the name 'Halloumi'/'Hellim' as a Protected Designation of Origin (PDO) by the European Commission in April 2021....
https://knews.kathimerini.com.cy/en/news/cyprus-government-achieves-significant-debt-reduction-in-2023
The Cyprus government reported that the island nation ended 2023 with a debt of €22.4 billion, constituting around 99% of the Republic of Cyprus' total debt. This marks a notable reduction of €689 million or 3% from the corresponding period in the previous year....
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/february-newsletter-of-k-treppides-co-ltd-european-securities-and-markets-authority
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/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/business/cyprus-delays-15-multinational-tax-enforcement
Cyprus has yet to enforce the new EU rules introducing a minimum effective tax rate of 15% for multinational corporations operating within EU member states....
https://knews.kathimerini.com.cy/en/news/cyprus-economy-2024-ktrends-reveals-challenges-and-successes
Delving into the latest findings from the 6th wave of ''Ktrends'' research by ''Kathimerini'' newspaper unveils a multifaceted picture of Cyprus's economic landscape in January 2024. ...
https://knews.kathimerini.com.cy/en/news/ec-approves-interest-subsidy-scheme-for-housing-loans
In a significant development, the European Commission's DG Competition has approved an interest subsidy scheme aimed at housing loans in Cyprus....
https://knews.kathimerini.com.cy/en/business/airbnb-soars-in-cyprus-as-over-6-700-properties-embrace-the-trend
In Cyprus, there's a growing trend in tourist accommodation preferences, with an increasing number opting for self-catering options like Airbnb, according to Marios Tsianakas,...
https://knews.kathimerini.com.cy/en/news/netherlands-tops-global-pension-charts
A recent analysis by the Mercer CFA Institute has identified European nations as leaders in global pension systems. The Netherlands secures the top spot in the rankings, with Iceland and Denmark following closely behind....
https://knews.kathimerini.com.cy/en/news/cyprus-emerges-as-key-hub-for-emc-project-with-$300-million-funding
The EMC cable aims to connect Europe with Saudi Arabia, with construction slated to begin in the summer of 2024...
https://knews.kathimerini.com.cy/en/business/ey-cyprus-welcomes-two-new-partners-to-power-growth
EY Cyprus is pleased to announce that its leadership team has been strengthened with the addition of two new partners....
https://knews.kathimerini.com.cy/en/news/cyprus-adapts-to-changing-seas
In response to European sanctions on Russian shipping companies based in Cyprus and developments in the Mediterranean and the Red Sea, Cyprus is actively seeking to attract new companies from different markets....
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/business/bank-of-cyprus-posts-nearly-half-a-billion-euro-profit-in-2023
Bank of Cyprus reported a robust profit of €487 million for the fiscal year 2023, as announced by Group CEO Panicos Nikolaou during the presentation of the bank's financial results....
https://knews.kathimerini.com.cy/en/news/cyprus-tourism-braces-for-challenges-in-2024
The Association of Cyprus Tourist Enterprises (ΣΤΕΚ) is getting a bit jittery about the upcoming tourist season in 2024. In a recent meeting, they chatted with a representative from Hermes Airports to figure out what's going on....
https://knews.kathimerini.com.cy/en/news/how-does-zero-vat-affect-your-grocery-bills
The Consumer Protection Service is keeping a close eye on how the zero VAT (Value Added Tax) rate impacts prices in stores. They've been checking 88 different products ...
https://knews.kathimerini.com.cy/en/business/cyprus-and-greece-report-lowest-eu-foreign-investment
Eurostat's latest data sheds light on the intricate dynamics of foreign involvement in the European Union's economy.
...
https://knews.kathimerini.com.cy/en/news/banks-urged-to-accelerate-loan-restructurings
The governor of the Central Bank has shed light on the strategy for restructuring Non-Performing Loans (NPLs) and navigating credit risk management....
https://knews.kathimerini.com.cy/en/business/safebulkers-inc-boosts-cypriot-fleet-with-modern-ships
In a strategic move to fortify the Cypriot flag, Safebulkers Inc., a prominent shipping company, has added two state-of-the-art vessels to its fleet....
https://knews.kathimerini.com.cy/en/news/cyprus-confirms-extensive-gas-find-in-cronos-2-project
The Ministry of Energy, Commerce, and Industry announced the successful completion of the assessment drilling operations for "Cronos-2" within Block 6 of the Exclusive Economic Zone (EEZ) of the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-3-7-greenhouse-gas-increase-stands-out-in-eu
In the third quarter of 2023, greenhouse gas emissions through economic activity had increased by 3.7% in Cyprus and decreased by 7.1%......
https://knews.kathimerini.com.cy/en/news/cyprus-harvests-success-at-fruit-logistica-2024-in-berlin
The Cyprus Ministry of Energy, Commerce, and Industry, along with the Cyprus Trade Centre in Berlin, made a significant impact at the "Fruit Logistica 2024" international fresh produce trade show in Berlin from February 7 to 9....
https://knews.kathimerini.com.cy/en/news/spanish-banks-wary-of-cypriot-student-accounts
The impact of Cyprus being deemed a high-risk destination continues to reverberate even in European Union countries, with remnants of its troubled past lingering....
https://knews.kathimerini.com.cy/en/news/cyprus-to-roll-out-10-second-euro-transfers-across-banks
Over the next 18 months, Cyprus is poised to revolutionize money transfers, promising seamless transactions within 10 seconds from bank to bank....
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....
