https://knews.kathimerini.com.cy/en/news/inflation-slows-to-0-7-in-september-due-to-falling-oil-prices
Inflation hit a three-year low due to the fall in oil prices in September 2024, rising at a rate of 0.7%, according to data released by the Statistical Service on Thursday. The Consumer Price Index (CPI) in September 2024 increased by 0.38 units to 118.48 units compared to 118.10 units in August 2024....
https://knews.kathimerini.com.cy/en/news/house-prices-in-cyprus-rise-2-5-year-on-year-in-q2-2024
Τhe House Price Index for the second quarter of 2024 amounts to 112.86 units, according to preliminary estimate of the Statistical Service. Compared to the Index of the corresponding quarter of 2023, the Index increased by 2.5%.
...
https://knews.kathimerini.com.cy/en/news/delays-continue-to-hit-gsp-square-nicosia-s-future-urban-hub
According to a report by Kathimerini's Dorita Yiannakou, Nicosia residents have been eagerly awaiting the completion of the city’s largest public square and green spaces, a redevelopment of the old GSP stadium that has been delayed by over a year....
https://knews.kathimerini.com.cy/en/news/cyprus-reveals-crystal-waters-as-junior-eurovision-2024-entry
Cyprus has unveiled its entry for Junior Eurovision 2024, a song titled "Crystal Waters," performed by 11-year-old Maria Pissarides. The announcement was made by Cyprus' national broadcaster, CyBC....
https://knews.kathimerini.com.cy/en/news/cyprus-central-bank-raises-2024-gdp-growth-forecast-to-3-5
The Central Bank of Cyprus (CBC) has revised GDP growth rate up by 0.5 percentage points for 2024, to 3.5%, compared to its forecasts last June, stressing that there does not seem to be any significant negative impact on investments from the conflict in the Middle East.
...
https://knews.kathimerini.com.cy/en/business/deloitte-cyprus-issues-its-annual-transparency-report-fostering-resilience-creating-enduring-value
Deloitte Cyprus issued its 13th Transparency Report covering the period from 1 June 2023 to 31 May 2024. ...
https://knews.kathimerini.com.cy/en/news/kedipes-extends-business-plan-to-2030-for-full-repayment-of-state-aid
The Cyprus Asset Management Company (KEDIPES) has extended its business plan by three years, pushing its timeline to 2030, with the goal of fully repaying the €3.54 billion in state aid received in 2018....
https://knews.kathimerini.com.cy/en/news/google-to-participate-as-supporter-and-speaker-at-digital-agenda-cyprus-summit-2024
The organizing committee of the Digital Agenda Cyprus Summit is pleased to announce Google's participation as an official supporter of the 2024 summit. Enrico Ciampini, a senior executive at Google Europe based in Milan...
https://knews.kathimerini.com.cy/en/business/kpmg-academy-upcoming-seminars-focused-on-professional-growth
The KPMG Academy is celebrating 15 years of delivering top-tier professional development in Cyprus. Known for its high-quality training programs, the Academy is gearing up for the next semester......
https://knews.kathimerini.com.cy/en/news/cabinet-greenlights-solar-water-heating-grants-up-to-€900
The Cabinet approved a grant scheme on Wednesday aimed at installing solar water heating systems in homes, according to Energy, Commerce, and Industry Minister Giorgos Papanastasiou....
https://knews.kathimerini.com.cy/en/news/malfy-gin-at-the-5th-cyprus-cocktail-festival
The highly anticipated Cyprus Cocktail Festival, now in its fifth year, returns for another unforgettable evening, offering exclusive signature cocktails from 20 top bars in Cyprus and abroad....
https://knews.kathimerini.com.cy/en/news/israel-s-ambassador-to-cyprus-denies-abduction-rumors-confirms-he-is-safe
Israel's Ambassador to Cyprus, Oren Anolik, assured the public on Tuesday that he is safe following false rumors circulating on social media about his alleged abduction. ...
https://knews.kathimerini.com.cy/en/business/11-real-estate-investment-opportunities-by-astrobank
AstroBank has listed for sale a large tourist plot of land and other residential, commercial and rural properties in Limassol, Nicosia, Larnaca, Famagusta and Paphos....
https://knews.kathimerini.com.cy/en/news/china-s-electric-vehicle-sales-plummet-in-europe-amid-eu-tariffs
Chinese automakers are seeing a sharp decline in electric vehicle (EV) sales across Europe, with sales figures dropping to their lowest in the past 18 months. ...
https://knews.kathimerini.com.cy/en/news/cyprus-celebrates-64th-independence-day-with-military-parade
Cyprus marked its 64th Independence Day today with a military parade in Nicosia. Key political, religious, and military leaders, including President Nikos Christodoulides and Greece’s President Katerina Sakellaropoulou, attended the event alongside foreign ambassadors and defense officials....
https://knews.kathimerini.com.cy/en/news/lights-in-sky-over-cyprus-linked-to-iranian-missile-launches-no-immediate-threat
Cyprus residents reported seeing bright lights in the sky on Tuesday night, which may be linked to the debris from Iranian ballistic missiles launched toward Israel. ...
https://knews.kathimerini.com.cy/en/news/new-chief-and-deputy-chief-of-police-sworn-in-amid-calls-for-action
The confirmation ceremony for the new Chief of Police, Themistos Arnaoutis, and Deputy Chief of Police, Panikos Stavrou, took place today at the Presidential Palace, with President Nikos Christodoulides and other government officials in attendance....
https://knews.kathimerini.com.cy/en/business/cyprus-tourism-revenue-rises-to-€474-million-in-july
Tourism revenue in Cyprus grew by €19.4 million in July 2024, reaching €474.0 million, an increase of 4.3% compared to €454.6 million in July 2023, according to the results of the Passenger Survey carried out by the Statistical Service....
https://knews.kathimerini.com.cy/en/news/cyprus-credit-rating-upgraded-due-to-strong-economy-and-lower-debt
Rating Agency Capital Intelligence Ratings (CI) has upgraded Cyprus’ Long-Term Foreign Currency Rating (LT FCR) and Short-Term FCR (ST FCR) to ‘BBB’ and ‘A2’, respectively, from ‘BBB-’ and ‘A3’, maintaining a positive outlook....
https://knews.kathimerini.com.cy/en/news/us-urges-tighter-oversight-of-cypriot-service-providers-to-combat-financial-crime
Cypriot accountants and lawyers are under pressure from U.S. authorities to align with banking standards in combating financial crime. ...
https://knews.kathimerini.com.cy/en/news/israel-hezbollah-conflict-escalates-after-nasrallah-s-assassination
The conflict between Israel and Hezbollah has entered a new and uncertain phase following the death of Hezbollah’s leader, Syed Hassan Nasrallah. ...
https://knews.kathimerini.com.cy/en/news/israel-claims-hezbollah-leader-nasrallah-killed-in-airstrike
https://knews.kathimerini.com.cy/en/news/the-best-street-food-options-at-the-5th-cyprus-cocktail-festival
The Cyprus Cocktail Festival is set to take place on Wednesday, 9 October 2024, at 6 p.m. along Bosta Street, adjacent to the Nicosia Municipal Theatre, promising an unforgettable evening filled with unique cocktails....
https://knews.kathimerini.com.cy/en/news/escaped-convict-armed-and-allegedly-heading-to-columbia
Authorities in Cyprus are in an intense manhunt for 42-year-old Isovite Doros Theofanous, known as “the hairdresser,” who staged a daring escape from his parents’ home in Choletria, Paphos on Thursday, September 26. ...
https://knews.kathimerini.com.cy/en/news/cyprus-abolishes-planning-permission-for-low-risk-developments
According to a report by Kathimerini's Pavlos Neophytou, effective October 2, 2024, Cyprus will eliminate the need for planning permission for low-risk developments, such as the construction of one or two residential units. ...
https://knews.kathimerini.com.cy/en/news/freedom24-reaches-300-000-customers-milestone
We are thrilled to announce that the number of users on the innovative Freedom24 trading platform has surpassed 300,000. This significant achievement underscores our platform's technological superiority and the growing trust and confidence of our customers....
https://knews.kathimerini.com.cy/en/news/killer-hairdresser-escapes-in-bold-plan-police-officers-suspended
Police are in a state of high alert after convicted murderer Doros Theofanous, infamously known as "The Hairdresser," escaped from custody on Thursday, September 26. ...
https://knews.kathimerini.com.cy/en/news/electricity-subsidies-and-zero-vat-on-essentials-to-end-on-october-1st
The Ministry of Finance announced today that starting October 1, 2024, it will stop the staggered electricity subsidy and the zero VAT rate on basic goods. These measures were designed to help households deal with rising costs of living....
https://knews.kathimerini.com.cy/en/news/public-sector-salaries-to-increase-by-1-5-costing-€52-7-million
A proposed 1.5% pay raise for public sector employees in Cyprus will cost the state about €52.7 million over the next two years. This increase is set to start on October 1, 2024....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-have-€28-7-billion-in-cash-and-liquidity
The amount of liquidity in Cyprus's banking system rose to €28.7 billion in August 2024, according to the Central Bank of Cyprus (CBC). This increase was fueled by a growth in deposits alongside a decline in loans....
