https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-reduces-loan-rates-to-3-65-amid-ecb-policy-shift
The Bank of Cyprus is lowering the reference interest rate on loans linked to the European Central Bank’s (ECB) base rate, effective Sept. 18, 2024....
https://knews.kathimerini.com.cy/en/news/cyprus-hits-record-in-residence-permits-but-sees-first-decline-in-over-a-decade
In 2023, the European Union issued a record 3.7 million first residence permits to non-EU citizens, with Cyprus issuing around 34,000 of these permits, according to Eurostat data....
https://knews.kathimerini.com.cy/en/news/larnaka-and-pafos-airports-set-record-for-passenger-traffic
The period from January to August 2024 saw the highest passenger traffic ever at Larnaka and Pafos airports, according to the Ministry of Transport, Communications, and Works....
https://knews.kathimerini.com.cy/en/news/eunomia-5-aeronautical-exercise-begins-today
The aeronautical exercise "EUNOMIA" kicked off on Thursday for its fifth consecutive year, involving Greece, Cyprus, Italy, and France as part of the Quadrilateral Cooperation (QUAD). ...
https://knews.kathimerini.com.cy/en/business/second-quarter-first-half-2024-financial-results
AEGEAN announces its financial results for the Second Quarter and First Half of 2024.
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https://knews.kathimerini.com.cy/en/business/the-transformation-of-berengaria-hotel-in-prodromos-continues-an-overview-of-current-progress
The repair and renovation works at Cyprus’s most historic mountain resort, the Berengaria Hotel in Prodromos, are currently in full swing, led by the well-known residential and commercial developer BBF......
https://knews.kathimerini.com.cy/en/news/austria-named-world-s-most-overcrowded-tourist-spot
Austria has been identified as the world's most overcrowded tourist destination, with nearly four tourists per resident....
https://knews.kathimerini.com.cy/en/business/1-trade
Cyprus’ trade deficit dropped by 17% in the first seven months of 2024, falling to €4.31 billion compared to €5.19 billion during the same period last year, ...
https://knews.kathimerini.com.cy/en/news/survey-reveals-shift-from-tv-to-online-news-in-the-uk
For the first time since the 1960s, online news sources have surpassed television as the main way people get their news, according to a new survey by Ofcom. ...
https://knews.kathimerini.com.cy/en/news/eu-too-dependent-on-us-for-defense-gear-report-finds
The European Union is buying too much of its defense equipment from the United States and not investing enough in its own military projects, a new report by former Italian Prime Minister Mario Draghi warned Monday. ...
https://knews.kathimerini.com.cy/en/news/brazilian-music-legend-sergio-mendes-dies-at-83
Sérgio Mendes, the renowned Brazilian singer and composer who played a key role in popularizing bossa nova music, died Thursday in Los Angeles....
https://knews.kathimerini.com.cy/en/news/bounced-cheques-in-cyprus-reach-€57k-in-august
A total of 30 bounced cheques worth €57,129 were issued in August 2024, according to data published on Monday by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/business/greece-imposes-20-euro-levy-on-cruise-visitors-to-curb-overtourism
Greece plans to impose a 20-euro levy on cruise ship visitors to the islands of Santorini and Mykonos during the peak summer season, in a bid to avert overtourism, Prime Minister Kyriakos Mitsotakis said on Sunday....
https://knews.kathimerini.com.cy/en/news/cypriot-bank-officials-to-present-aml-progress-in-u-s
Top officials from four major Cypriot banks are headed to the U.S. on Sept. 16 to present updates on their progress in anti-money laundering (AML) efforts, sanctions enforcement, and foreign account management. ...
https://knews.kathimerini.com.cy/en/news/cyprus-to-remove-130-speed-bumps-in-road-reassessment
Authorities decided to remove 130 speed-reducing installations, such as bumps and elevated platforms, Senior Executive Engineer at the Department of Public Works (DPW), Charalambos Kais, told the Cyprus News Agency (CNA)....
https://knews.kathimerini.com.cy/en/news/oil-and-potatoes-lead-price-hikes-in-august
Olive oil and potatoes saw the steepest price increases in August 2024, according to the latest data from the Cyprus Consumer Association....
https://knews.kathimerini.com.cy/en/news/inflation-slows-as-august-sees-small-price-increases
Inflation in Cyprus slowed down in August 2024, with prices rising by 1.5%, compared to a 2.11% increase in July. The Consumer Price Index (CPI), which measures the cost of living, went up slightly from 117.73 to 118.10....
https://knews.kathimerini.com.cy/en/business/tesla-unveils-feature-called-actually-smart-summon-or-ass-for-short
This feature was supposed to be available two years ago but faced several delays. The launch comes after Tesla switched to a system that relies only on cameras, which temporarily affected some of its driver-assist features....
https://knews.kathimerini.com.cy/en/business/aegean-announces-a-€25m-investment-in-volotea
Aegean Airlines S.A. (''AEGEAN'') is pleased to announce an investment of €25M in Volotea S.L., one of Europe’s leading low-cost carriers based in Barcelona, Spain....
https://knews.kathimerini.com.cy/en/news/u-s-seizes-venezuelan-president-maduro-s-private-jet
The United States has seized a plane used by Venezuelan President Nicolás Maduro, citing violations of U.S. sanctions and other criminal activities....
https://knews.kathimerini.com.cy/en/news/back-to-school-shopping-spikes-as-prices-fluctuate
in an article written by Kathimerini's Anna Polyviou, back-to-school shopping is in full swing with the new school year just around the corner. Consumers scramble to buy essentials like clothing, footwear, stationery, and school bags, taking advantage of a wide variety of products and offers to suit their needs and budgets....
https://knews.kathimerini.com.cy/en/news/israel-faces-mass-strike-amid-anger-over-hostage-deaths
A general strike threatened to shut down much of Israel on Monday as public anger erupted over the killing of six hostages in Gaza and frustration grew with Prime Minister Benjamin Netanyahu’s handling of the ongoing conflict with Hamas....
https://knews.kathimerini.com.cy/en/business/hellenic-bank-s-profits-surge-amid-higher-lending-rates
Hellenic Bank, Cyprus’ second-largest lender, has had a strong start to 2024, reporting a net profit of €189 million in the first half of the year—a solid 18% increase from last year. This boost in profit is mainly due to a 30% rise in interest income, driven by higher European Central Bank (ECB) interest rates....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-illusion-of-prosperity-as-unemployment-numbers-mask-realities
In its analysis, the Central Bank of Cyprus notes that in the first quarter of 2024, unemployment fell to 6%, the lowest level since 2009....
https://knews.kathimerini.com.cy/en/business/the-fate-of-the-greece-cyprus-energy-link-hangs-in-the-balance
This week will be crucial to whether the power grid link between Greece and Cyprus via Crete will be implemented....
https://knews.kathimerini.com.cy/en/news/prosecutor-orders-urgent-investigation-into-lake-karla-fish-deaths
Greece's top prosecutor, Georgia Adelini, has ordered an urgent investigation into the large number of dead fish found in Lake Karla, which flows into the Pagasitikos Gulf.
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https://knews.kathimerini.com.cy/en/news/government-revenue-boosts-cyprus-surplus-to-€702-5-million
The Republic of Cyprus recorded a significant fiscal surplus of €702.5 million for the period of January to July 2024, according to preliminary General Government fiscal results, released on Friday by the Statistical Service of Cyprus....
https://knews.kathimerini.com.cy/en/news/lease-changes-spark-protests-among-refugees-at-mackenzie-beach
The Ministry of Interior's Action Plan to regulate Larnaca’s Mackenzie beachfront is encountering obstacles, particularly around issues of illegal activities and subletting by original leaseholders.
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https://knews.kathimerini.com.cy/en/news/european-commission-allocates-€1b-to-flood-affected-nations
The European Commission proposed on Tuesday over €1 billion in financial support from the EU Solidarity Fund (EUSF) to help Italy, Slovenia, Austria, Greece and France deal with the impacts of the severe floods that hit these countries in 2023....
https://knews.kathimerini.com.cy/en/news/deadly-mosquito-borne-triple-e-virus-found-in-the-us-for-first-time-since-2020
Massachusetts has reported its first human case of Eastern Equine Encephalitis, or "Triple E," since 2020, marking another instance of the mosquito-borne illness in the United States this year....
