https://knews.kathimerini.com.cy/en/news/turkey-s-central-bank-reports-2023-loss-of-818-2b-lira
Turkey’s central bank posted a 2023 loss of 818.2 billion lira ($25.25 billion), showed its balance sheet published in the Official Gazette on Sunday, on the back of steep loss stemming from the “KKM” foreign exchange-protected deposit scheme....
https://knews.kathimerini.com.cy/en/news/cyprus-betting-sector-breaks-records-with-€1-billion-revenue
The revenues of the betting activity in the Republic of Cyprus recorded an upward trend for another quarter, confirming the dynamic and stable growth of the sector.
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https://knews.kathimerini.com.cy/en/news/european-elections-add-twist-to-cyprus-polls
On June 9, Cyprus goes to the polls in the most complicated elections in its history as the European elections and the local government elections are held in parallel, following the reform passed by the Parliament....
https://knews.kathimerini.com.cy/en/news/workplace-harassment-hits-1-in-3-eu-report-finds
A third of sexual harassment occurs in the workplace, European Commissioner for Health and Food Safety Stella Kyriakides said at an event organised by Cyprus Workers......
https://knews.kathimerini.com.cy/en/news/turkey-blocks-exports-to-israel-amid-gaza-conflict
Turkey announced it's blocking exports of 54 different product categories to Israel until a ceasefire is declared in Gaza. This move comes as a response to Israel's military operations in Gaza....
https://knews.kathimerini.com.cy/en/news/hellenic-bank-s-pursuit-of-cnp-cyprus-uncovers-uncertainties
The exclusive negotiations between Hellenic Bank and CNP Cyprus Insurance Holdings, a subsidiary of the French insurance powerhouse CNP Assurances, have captured attention for their high stakes and strategic importance....
https://knews.kathimerini.com.cy/en/news/cbc-governor-faces-toughest-banking-challenges-yet
A new dawn breaks with the appointment of Mr. Christodoulos Patsalides as the Central Bank of Cyprus's new governor, heralding both promise and challenge....
https://knews.kathimerini.com.cy/en/news/deloitte-reveals-steady-surge-in-cyprus-real-estate-transactions
Deloitte issued the Cyprus Real Estate Review, which presents an in-depth analysis of the real estate market in 2023....
https://knews.kathimerini.com.cy/en/news/cyprus-president-returns-from-lebanon-with-promises-fulfilled
President Nikos Christodoulides' whirlwind journey to Beirut has drawn to a close, yet the true test of its impact lies on the horizon, amidst the waves. ...
https://knews.kathimerini.com.cy/en/news/cyprus-faces-migration-crisis-amid-infrastructure-strain
Cyprus is facing a mounting migration crisis as data obtained by K on Thursday reveals a surge in illegal immigrant arrivals, straining the government's resources and raising concerns about a humanitarian emergency....
https://knews.kathimerini.com.cy/en/news/cyprus-sailing-clubs-caught-in-legal-tussle
The lack of legislation tailored to the needs of Nautical Clubs, essential for training and fostering nautical sports, is causing confusion and unfairness....
https://knews.kathimerini.com.cy/en/news/audit-exposes-serious-issues-in-collecting-unpaid-taxes-in-cyprus
An audit report from the Tax Department for 2022 has uncovered a staggering accumulation of over €2.5 billion in arrears, with €1 billion considered unsecure due to delays in necessary measures, the Audit Service revealed....
https://knews.kathimerini.com.cy/en/news/2-540-ukrainian-refugees-denied-protection
About 2,540 Ukrainian refugees have been suspended from temporary protection in the Netherlands since March 4, 2024. They are now forced to seek safety in the country or leave.
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https://knews.kathimerini.com.cy/en/news/home-prices-show-mixed-trends-in-latest-quarter
In the latest findings released by the Statistical Service, the House Price Index (HPI) has shown a mixed pattern in the fourth quarter of 2023....
https://knews.kathimerini.com.cy/en/news/ft-google-explores-charging-for-ai-search-enhancements
Google is contemplating charging for new "premium" features powered by generative artificial intelligence (AI) in its search business, marking a significant shift. The proposed revamp, aimed at its search engine, would be the first time the tech giant has put any of its core products behind a paywall....
https://knews.kathimerini.com.cy/en/news/authorities-stumped-on-declared-cash
The question of the whereabouts of over 90 million euros in cash allegedly spent by travelers arriving in Cyprus through Larnaca and Paphos airports in the last 15 months remains unanswered by competent state authorities....
https://knews.kathimerini.com.cy/en/news/finance-minister-extends-rent-program-to-assist-more-homeowners
The Cabinet has approved an expansion of beneficiaries for the Rent Relief Program against Installments, announced Finance Minister Makis Keravnos after the body's session.
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https://knews.kathimerini.com.cy/en/news/countdown-begins-for-next-cyprus-central-bank-governor
As the clock ticks towards the end of Mr. Konstantinos Herodotou's tenure on April 11, all eyes are on the impending announcement of his successor by President Nikos Christodoulides. ...
https://knews.kathimerini.com.cy/en/news/cyprus-sees-6-2-increase-in-average-monthly-earnings-for-q4-2023
The average gross monthly earnings of employees in Cyprus during the fourth quarter of 2023 saw a notable increase compared to the same period in 2022, according to provisional data released by the Statistical Service of Cyprus on Tuesday....
https://knews.kathimerini.com.cy/en/business/cablenet-breaks-the-10-market-share-barrier-in-mobile-contract-subscriptions
The market share report published by the Office of the Commissioner for Electronic Communications and Postal Regulation (OCECPR) for the Electronic Communications market until the end of 2023 was fully aligned with Cablenet's 2023 financial performance....
https://knews.kathimerini.com.cy/en/news/america-s-airports-finally-win-the-restroom-race
After a decade-long slump, American airports are celebrating a resurgence in restroom excellence....
https://knews.kathimerini.com.cy/en/news/200-brits-rejected-daily-due-to-passport-rules
Simon Calder, a travel correspondent at the Independent, highlights a concerning trend: approximately 200 UK nationals face rejection at EU airports......
https://knews.kathimerini.com.cy/en/news/cyprus-central-bank-holds-1-buffer-rate-to-safeguard-banks
The Central Bank of Cyprus (CBC) has maintained the countercyclical buffer (CCyB) rate to be observed by commercial banks at 1%, with effect as of June 2, 2024....
https://knews.kathimerini.com.cy/en/news/mykonos-faces-tourism-crisis-amid-declining-numbers
Despite promising signs for other parts of the country as regards the number of flights and seat bookings for the 2024 tourism season, Mykonos is seeing a decline in both indices for the second year in a row.
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https://knews.kathimerini.com.cy/en/news/kedipes-pays-state-€140m-in-largest-quarterly-sum-yet
In the largest quarterly cash repayment to the state since its inception in 2018, totaling €140 million, the Board of Directors of KEDIPES decided to proceed for the first quarter of 2024. ...
https://knews.kathimerini.com.cy/en/news/cyprus-and-estonia-pledge-deeper-ties-across-borders
The similarities between Cyprus and Estonia, despite their geographical distance, noted on Wednesday in Nicosia......
https://knews.kathimerini.com.cy/en/news/cyprus-boasts-second-largest-eu-born-resident-share
Cyprus had the third largest share of foreign-born residents among EU countries (22.7%), and more specifically the second largest share of residents born in another EU country (10.6%) in 2023, according to data released by Eurostat....
https://knews.kathimerini.com.cy/en/news/finance-ministry-to-shield-vulnerable-homes-from-price-hikes
The forthcoming measures are set to target specific areas, not just spread thinly across the board, in the fight against rising prices....
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/business-loans-drop-home-loans-steady
The Central Bank of Cyprus reported on Wednesday that the net demand for corporate loans continued to decrease in the last quarter of 2023, marking a consistent downward trend since the first quarter of 2022, although at a slower pace than anticipated earlier in the year....
