https://knews.kathimerini.com.cy/en/news/eu-leaders-tackle-inflation-energy-shocks-from-russia-s-war
A day after endorsing Ukraine’s candidacy to join the European Union, the bloc’s leaders turned their attention Friday to the severe economic turbulence looming over the coming months as the full impact of Russia’s war sinks in and the threat of recession rises....
https://knews.kathimerini.com.cy/en/business/businesses-will-be-allowed-vat-deferment-without-penalties
The European Commission has approved a €20 million Cypriot VAT deferral scheme to support businesses affected by the coronavirus pandemic and the restrictive measures put in place to limit the spread of the virus....
https://knews.kathimerini.com.cy/en/news/guterres-more-direct-contact-between-the-two-communities-is-needed
UN Secretary-General Antonio Guterres has urged the leaders in Cyprus, President Nicos Anastasiades and Turkish Cypriot leader Ersin Tatar to encourage more direct contact and cooperation between the two communities, expressing his concern about the likelihood that the already difficult climate between the parties could worsen....
https://knews.kathimerini.com.cy/en/news/wooing-migrant-millionaires
Greece is becoming a top destination for wealthy migrants, as it is expected to welcome 1,200 “millionaire immigrants” this year....
https://knews.kathimerini.com.cy/en/news/no-drama-diplomat-announces-candidacy
Greek Cypriot chief negotiator Andreas Mavroyiannis announced his candidacy for president in next year’s election in the Republic of Cyprus, saying corruption will remain rampant unless the country is reunited once again into a 'proper state'...
https://knews.kathimerini.com.cy/en/news/athens-sees-ankara-raising-tensions
Greek officials expect two moves by Turkey that will ratchet up tensions between the two nominal allies up another notch this summer, to levels not seen since 2020....
https://knews.kathimerini.com.cy/en/business/myth-buster-ifrs-17-an-accounting-standard-for-insurance-contracts
As the title attests, this short article aims at busting the myth which states that IFRS 17 – Insurance Contracts is only relevant for insurers or for companies regulated as insurance entities. ...
https://knews.kathimerini.com.cy/en/news/volunteerism-czar-pleads-not-guilty-to-faking-resume
A former volunteerism commissioner, who resigned his post last year amid allegations he had lied on his school report and professional resume, has pleaded not guilty with his new lawyer arguing his client was not getting a fair shake in the media...
https://knews.kathimerini.com.cy/en/news/archbishop-‘populist-pick-signals-tough-election-in-cyprus
The race to the hill got a lot more serious over the weekend after Archbishop Chrysostomos likened independent presidential candidate Nikos Christodoulides to politically unbowed Makarios, prompting a swift response from ruling party Dysi leader Averof Neophytou...
https://knews.kathimerini.com.cy/en/news/government-to-grant-one-time-subsidy-for-children-s-tuition
During last week's cabinet meeting, the council of Ministers decided to impose measures to help mitigate inflationary pressures on the general population. ...
https://knews.kathimerini.com.cy/en/business/cbc-cryptocurrencies-are-a-potential-risk-to-the-economy
Losing 26% of its value in the last month, Bitcoin and other cryptocurrencies are in danger of dragging the "real economy" with their unpredictable fluctuations....
https://knews.kathimerini.com.cy/en/news/first-time-asylum-seekers-in-eu-increase-by-85-in-february
In February 2022, first-time asylum applications by persons who applied for international protection in EU member states increased by 85% compared to February 2021 and by 3% compared to last January, according to the latest monthly asylum data published by Eurostat, the EU’s statistical service....
https://knews.kathimerini.com.cy/en/news/an-increase-of-50-in-subsidies-for-roof-thermal-insulation-and-photovoltaic-systems
With a budget increased by 40%, and a potential to increase even further and with increased grants by 50%, the Grant Scheme for thermal insulation on roofs and installation of photovoltaic systems in houses was announced by the Ministry of Energy, Commerce and Industry during a web conference, on Tuesday....
https://knews.kathimerini.com.cy/en/news/eu-official-calls-on-cyprus-to-implement-recovery-plan-or-lose-funding
A European Commission official on Monday urged the Cypriot authorities to proceed with the implementation of Cyprus’ National Recover and Resilience plan, warning that Cyprus risks losing EU funds in case of new delays....
https://knews.kathimerini.com.cy/en/news/seven-new-bicommunal-conservation-projects-underway
The bi-communal Technical Committee on Cultural Heritage is moving ahead with seven new conservation projects which are expected to be finished by the end of 2022 - beginning of 2023....
https://knews.kathimerini.com.cy/en/news/ec-projects-economic-slowdown-and-rising-inflation-for-cyprus
The European Commission has revised its economic projections for Cyprus citing a downward trend due to the effects of Russia’s invasion of Ukraine and the associated sanctions against Moscow on the island’s tourist and services sector....
https://knews.kathimerini.com.cy/en/news/petrides-things-will-be-difficult-in-the-coming-years
The government will continue supporting households, especially the vulnerable, amid rising inflation, Finance Minister Constantinos Petrides said, warning that tackling inflation is difficult due to its structural nature amid the Ukrainian crisis....
https://knews.kathimerini.com.cy/en/news/cypriot-former-fm-announces-non-combative-2023-run
Cypriot former foreign minister Nikos Christodoulides announced Thursday his non-partisan candidacy for president, with the career diplomat deviating from political norms and promising an all-inclusive, non-combative race...
https://knews.kathimerini.com.cy/en/news/groups-pull-out-of-royal-concert-in-cyprus
Local charities and participants in the platinum jubilee of Queen Elizabeth II next month in Cyprus have turned their backs on the concert following political controversy linked to EOKA, as more participants are now refusing to take part ahead of an election year...
https://knews.kathimerini.com.cy/en/news/inflation-in-turkey-spikes-to-almost-70
Inflation in Turkey reached record levels of almost 70% in April, rising by 8.83 points in a month, according to official statistics released today....
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-pillar-two-on-a-global-minimum-taxation
On 22 December 2021, the European Commission proposed a Directive on the introduction of a minimum effective corporate tax rate of 15% on large multinational enterprise (MNE) groups operating in the European Union (EU)....
https://knews.kathimerini.com.cy/en/news/pm-hails-‘new-energy-gateway-at-lng-terminal-project-launch-in-northern-greece
The liquified natural gas terminal being developed in Alexandroupoli will be a “new energy gateway” that will help Europe and the Balkans become less reliant on Russian supplies, Prime Minister Kyriakos Mitsotakis said on Tuesday, at the inauguration of the landmark project in northern Greece....
https://knews.kathimerini.com.cy/en/news/russia-s-ultimate-revenge-plan-for-the-us
As Russia’s war of aggression continues to ravage its neighbor, the Kremlin’s propaganda apparatus has been more blatant than ever in outlining the country’s goals for its biggest nemesis: the U.S....
https://knews.kathimerini.com.cy/en/news/‘immediate-solutions-test-cyprus-take-on-eastmed
A US energy official urged Nicosia to seek 'other options' if the island wanted to get energy quickly into markets, with Italy doing just that earlier this week when Rome clinched a deal with Algeria to replace Russian gas imports through the Transmed pipeline...
https://knews.kathimerini.com.cy/en/business/consumers-to-buy-directly-from-automaker-not-from-dealer
Mercedes-Benz has reached an agreement with its European dealers to switch to a new dealership model, in which customers will buy directly from the automaker and not from the dealer, the German brand said....
https://knews.kathimerini.com.cy/en/news/eu-creates-platform-for-members-to-jointly-buy-non-russian-gas
The European Union has launched a platform for European Union countries to jointly buy gas and liquefied natural gas as they seek to cut reliance on Russian fuels and build a buffer against supply shocks....
https://knews.kathimerini.com.cy/en/news/cyprus-growth-expected-to-‘slow-sharply
Economic growth in Cyprus will slow sharply before recovering, due to the shock associated with the war in Ukraine, the International Monetary Fund has said, adding that the key near-term challenge “is to calibrate a policy response to the economic fallout from the war in Ukraine.”...
https://knews.kathimerini.com.cy/en/business/the-american-university-of-beirut-will-open-its-doors-next-year-in-paphos
The American University of Beirut is officially opening its doors beginning next year with a campus in Paphos, according to Paphos Mayor Phedonas Phedonos....
https://knews.kathimerini.com.cy/en/news/as-the-uk-experiences-a-student-exodus-greek-universities-eye-english-speaking-students
Greek universities plan to expand the number of programs offered in English, aiming to attract students from the Balkans, other Mediterranean countries, South Asia and China, as well as interested Greek students....
https://knews.kathimerini.com.cy/en/business/consulco-hosted-the-digital-event-uk-economy-and-real-estate-outlook
Consulco has successfully hosted the UK Economy and Real Estate Outlook event, along with four leading organization that have provided insights on the pressures the UK is facing today and their impact on key property markets. ...
