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. ...
https://knews.kathimerini.com.cy/en/news/energy-minister-expects-developments-on-cyprus-confirmed-gas-deposits
Cyprus’ Minister of Energy, Trade and Industry Natasa Pilides has told CNA she expects developments soon regarding the exploitation of Cypriot natural gas fields, given the large increase in natural gas prices internationally....
https://knews.kathimerini.com.cy/en/news/op-ed-a-new-impetus-for-gas-in-the-eastern-mediterranean
The war in Ukraine has upended Europe’s energy security. Continuing to rely on Russian energy is no longer tolerable, even if the relationship cannot be severed overnight....
https://knews.kathimerini.com.cy/en/news/turkey-urged-to-pay-compensation-to-relatives-of-greek-cypriots-who-disappeared-during-invasion
The Council of Europe’s Committee of Ministers has urged Turkish authorities to abide by their international obligations and pay the “just satisfaction” awarded by the European Court of Human Rights to relatives of nine Greek Cypriots who disappeared during Turkey’s military invasion of Cyprus in 1974....
https://knews.kathimerini.com.cy/en/news/iceland-to-hang-up-harpoons-for-good-issuing-no-more-whaling-permits
Whales off the coast of Iceland will be left alone by the end of next year after the nation’s Fisheries Minister announced the cancelation of all new permits for commercial whaling....
https://knews.kathimerini.com.cy/en/news/kasoulides-we-need-to-save-varosha-even-at-a-dear-price
Instead of sanctions, we will present Confidence Building Measures, foreign minister Ioannis Kasoulides said in an interview with "K", clarifying that we have already reviewed the policy of sanctions, which until recently was a key issue for Nicosia....
https://knews.kathimerini.com.cy/en/news/turkish-opposition-leader-refuses-to-pay-power-bill-in-protest
Turkey’s main opposition leader said he will not pay his power bills until Tayyip Erdogan withdraws recent price hikes, and the president’s ruling party slammed the move on Thursday as a provocation amid growing discontent over surging inflation....
https://knews.kathimerini.com.cy/en/news/nhs-waiting-list-backlog-due-to-covid-will-take-years-to-clear
The waiting list for hospital treatment will not start falling for two years, ministers say, despite unveiling a plan to tackle England's backlog in care....
https://knews.kathimerini.com.cy/en/news/cyprus-keeps-hopes-up-as-wonder-bids-farewell
Wonder of the Seas, the world’s largest cruise ship left Limassol on Thursday at 4:30pm after a short visit to pick up crew and renew the company’s commitment to Cyprus at a particularly tough time for both the industry and the island looking to rebrand itself...
https://knews.kathimerini.com.cy/en/news/the-largest-cruise-ship-in-the-world-at-the-port-of-limassol-images
The largest and most modern cruise ship in the world, the Wonder of the Seas of the Royal Caribbean, has been anchored at the port of Limassol since this morning....
https://knews.kathimerini.com.cy/en/business/imf-forecasts-for-global-recovery-reduced-to-4-4-for-2022
"The world economy is entering 2022 weaker than previously expected," the International Monetary Fund said in a statement on economic forecasts for the new year. Pandemic, inflation and climate crisis will determine global growth, according to a report by the International Monetary Fund (IMF)....
https://knews.kathimerini.com.cy/en/news/deputy-secretary-to-the-president-vasilis-palmas-resigns
Deputy Undersecretary Vasilis Palmas cited personal reasons when he announced today his decision to resign from the government. ...
https://knews.kathimerini.com.cy/en/news/meps-call-on-eu-countries-to-respect-animal-welfare-during-transport
After 18 months of fact-finding, MEPs call on EU countries to respect animal welfare during transport and to transition to transporting meat and not live animals....
https://knews.kathimerini.com.cy/en/news/mitsotakis-openly-supports-averof-in-his-upcoming-presidential-run-in-2023
Greek Prime Minister Kyriakos Mitsotakis is supporting Averof Neophytou's candidacy for the 2023 Presidential elections....
https://knews.kathimerini.com.cy/en/business/cyprus-foreign-minister-nikos-christodoulides-steps-down
Cyprus' Minister of Foreign Affairs Nikos Christodoulides resigned Sunday from his position, amid discussions of a potential candidacy for the presidential elections in 2023....
https://knews.kathimerini.com.cy/en/business/cypriot-economy-will-continue-to-recover-output-lost-during-2020
The Cypriot economy in 2021 recovered the output lost during the 2020 COVID crisis and will continue to grow with an average 3.7% in the years 2022 – 2024, the Central Bank of Cyprus expects, according to its economic bulletin, stressing that risks to the baseline scenario are balanced albeit slightly upside concerning inflation....
