https://knews.kathimerini.com.cy/en/business/profits-soared-in-cyprus-banking-sector-in-2023
The Cyprus banking sector experienced a significant surge in profitability by the end of 2023, as indicated by key financial indicators from the Central Bank of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/news/mexico-elects-its-first-female-first-jewish-president
Claudia Sheinbaum, former head of Mexico City's government and candidate for the ruling Morena party, is poised to become Mexico's first female president, marking a historic milestone in a traditionally patriarchal society....
https://knews.kathimerini.com.cy/en/news/nasa-s-new-rocket-set-to-cut-mars-journey-to-just-60-days
Recently, NASA announced it was funding a revolutionary high-thrust rocket — called a Pulsed Plasma Rocket — that could make crewed missions to Mars in just two months....
https://knews.kathimerini.com.cy/en/news/vafeades-confirms-qatar-s-interest-in-larnaca-marina-development
Transport Minister Alexis Vafeades announced on Thursday that Qatar and other international investors have shown interest in the development of Larnaca Port and Marina. ...
https://knews.kathimerini.com.cy/en/news/cbc-reports-€209-1m-increase-in-deposits-for-april
Total deposits have recorded a monthly rise for the third consecutive month in April, as total loans dropped after two months of growth....
https://knews.kathimerini.com.cy/en/news/most-affordable-unleaded-95-prices-found-in-nicosia
Fuel prices have recently experienced a slight decrease, offering relief to consumers who have been grappling with consecutive price hikes, straining their wallets....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-non-performing-loans-drop-to-lowest-level-in-years
Total non-performing loans (NPLs) to banks have dropped below €2 billion, specifically to €1.9 billion. ...
https://knews.kathimerini.com.cy/en/news/ecb-to-implement-first-interest-rate-cut
The European Central Bank (ECB) is poised to execute its much-anticipated rate cut, scheduled to take effect on Thursday, June 6, 2024....
https://knews.kathimerini.com.cy/en/news/why-the-high-interest-rates-when-inflation-is-low
Finance Minister Makis Keravnos has criticized the high lending rates in Cyprus, calling them unjustifiable given the country's relatively low inflation. In an interview with the Sunday edition of ''Phileleftheros,''...
https://knews.kathimerini.com.cy/en/news/disy-and-akel-neck-and-neck-as-third-place-up-for-grabs
With just two weeks remaining until the elections, a Kathimerini poll reveals a crucially divided electoral landscape in Cyprus, marked by high rates of voter abstention and competitive races for the top political positions....
https://knews.kathimerini.com.cy/en/news/eu-warns-cyprus-on-15-business-tax-compliance
The European Commission has warned Cyprus and several other countries to step up their game on important new tax and data rules. Cyprus, along with Spain, Latvia, Lithuania, Poland, and Portugal, is under pressure to enforce a minimum 15% tax rate for big multinational companies, a key part of the EU’s efforts to ensure fair taxation....
https://knews.kathimerini.com.cy/en/business/over-4-000-fewer-unemployed-in-cyprus
Cyprus is rejoicing as the latest figures from the Statistical Service of Cyprus (Cystat) reveal a significant boost in its labor market, with the unemployment rate plummeting to a joyful 6% in the first quarter of 2024....
https://knews.kathimerini.com.cy/en/news/high-energy-biscuits-arrive-in-gaza-amidst-criticism-of-slow-delivery
The U.N. World Food Program (WFP) announced on Wednesday that it has recently distributed a limited number of high-energy biscuits in Gaza. These supplies marked the first aid deliveries from a new humanitarian sea route facilitated by a U.S.-built pier. This initiative aims to provide essential relief to Palestinians in desperate need....
https://knews.kathimerini.com.cy/en/business/may-newsletter-of-k-treppides-co-ltd-cyprus-securities-and-exchange-commission-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/news/dr-hepburn-cyprus-has-the-dirtiest-and-most-expensive-grid-in-the-eu
During his presentation at the Green Agenda Cyprus Summit held today at the Hilton Nicosia, Professor of Environmental Economics at the University of Cyprus, Cameron Hepburn, discussed Cyprus' energy transition and its decoupling from fossil fuels to achieve zero emissions and protect the environment. ...
https://knews.kathimerini.com.cy/en/news/cyprus-among-top-3-in-eurozone-growth-for-2024
Cyprus stands out as one of the top performers in the Eurozone, boasting a robust growth rate for the year 2024, as announced by government spokesperson Constantinos Letympiotis today....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-earns-€133-million-in-profits
The Bank of Cyprus has announced a robust profit of EUR 133 million for the first quarter of 2024, marking a significant increase from EUR 95 million in the same period last year....
https://knews.kathimerini.com.cy/en/news/cypriot-banks-set-to-exceed-2023-s-record-profits-in-2024
Cypriot banks are maintaining a low profile, but it's expected that 2024 will bring in higher profits compared to the record-breaking figures of 2023. ...
https://knews.kathimerini.com.cy/en/news/hoteliers-express-concern-over-slowdown-in-summer-bookings
The chair of the Cyprus Hotel Association (PASYXE), Thanos Michaelides, expressed concerns over a summer slowdown in bookings, fearing that 2024 might end with fewer reservations compared to last year. ...
https://knews.kathimerini.com.cy/en/news/home-prices-surge-in-q4-2023
House prices in Cyprus continued their upward trajectory in the fourth quarter of 2023, with apartment prices being the primary driving force, as per a report released by the Central Bank of Cyprus on Tuesday....
https://knews.kathimerini.com.cy/en/news/hadjimanoli-we-hope-to-expand-into-the-asian-market
Marina Hadjimanoli stepped into her role as Deputy Minister of Shipping amidst a period of upheaval, with the shipping sector grappling with various challenges including geopolitical conflicts and safeguarding supply chains against potential terrorist threats targeting merchant vessels....
https://knews.kathimerini.com.cy/en/news/pope-francis-urges-italians-to-increase-birth-rates
Pope Francis pressed his campaign Friday to urge Italians to have children, calling for long-term policies to help families and warning that the country’s demographic crisis was threatening the future.
...
https://knews.kathimerini.com.cy/en/news/cyprus-faces-online-bullying-crisis-with-14-4-of-children-affected
Around 14.4% of children in Cyprus have been victims of online bullying at least 1-2 times in the last months, according to the results of the international Health Behavior in School-aged Children (HBSC) survey of the World Health Organization (WHO)....
https://knews.kathimerini.com.cy/en/business/household-deposit-rates-surge-as-home-buying-loan-rates-dip
In March 2024, the financial landscape in Cyprus saw some interesting shifts, according to data released by the Central Bank of Cyprus. Here's a breakdown of what happened:...
https://knews.kathimerini.com.cy/en/news/chestertons-global-launches-in-cyprus
Leading international real estate firm, Chestertons Global, has announced its expansion into the Cyprus property market with the launch of Chestertons Cyprus Residential. ...
https://knews.kathimerini.com.cy/en/news/fighting-high-interest-rates-is-europe-s-main-challenge
The European economy faces significant challenges amidst the current geopolitical crisis, which threatens its global position. ...
https://knews.kathimerini.com.cy/en/business/cyprus-unemployment-falls-to-6-similar-to-eu-average
Unemployment in Cyprus dipped to 6% in March, aligning with the EU average and staying below the eurozone average of 6.5%, as per data disclosed by Eurostat, the EU's statistical office, on Friday....
https://knews.kathimerini.com.cy/en/news/fruit-and-vegetable-markups-reach-170-compared-to-producer-rates
According to data from the Ministry of Agriculture's e-kofini platform, retail prices of fruits and vegetables are considerably higher compared to prices set by producer organizations....
https://knews.kathimerini.com.cy/en/business/the-hotspots-where-cypriots-are-headed-to-this-easter
The Easter festive period can actually be described as the vanguard of the summer holidays for Cypriots who choose to holiday outside Cyprus. ...
https://knews.kathimerini.com.cy/en/news/melco-s-european-expansion-hit-by-tax-cuts-in-occupied-cyprus-casinos
Melco Resorts & Entertainment's grand venture, the City of Dreams Mediterranean, faces a dramatic twist in its European odyssey as northern Cyprus casinos brace for a tax overhaul. ...
