https://knews.kathimerini.com.cy/en/news/finance-ministry-s-new-measures-for-vulnerable-in-the-works
The Finance Ministry is considering new measures to support particularly the vulnerable groups of society amid the continuing pressures from high prices and inflation, Makis Keravnos Minister of Finance said on Monday, adding the measures were in the pipeline irrespective of the rating upgrades by Moody’s and DBRS Morningstar....
https://knews.kathimerini.com.cy/en/business/inflation-fears-and-green-investments
The European Central Bank (ECB) has revised its inflation forecast upward, now predicting that inflation will reach 5.6% in 2023 and 3.2% in 2024. ...
https://knews.kathimerini.com.cy/en/news/aegean-airlines-expands-winter-routes-for-23-24-season
Aegean Airlines is set to offer its largest-ever route program for the upcoming winter season, introducing 18 new routes to 14 different countries. ...
https://knews.kathimerini.com.cy/en/business/€9-5-million-tourism-investment-shaping-paralimni-s-future
In a significant development within the Famagusta province, specifically in the municipality of Paralimni, a noteworthy €9.5 million investment project is currently underway in the tourism sector....
https://knews.kathimerini.com.cy/en/news/15-4-spike-in-public-expenditure-for-2024
In the 2024 Budget, there's a notable rise of EUR 0.5 billion in public personnel expenditure. According to the Council of Ministers' approved budget table for 2024, this marks a substantial increase of 496 million euros. In terms of percentages, this surge amounts to 15.4% compared to the personnel expenditure allocated for the public sector in 2023....
https://knews.kathimerini.com.cy/en/news/thousands-of-armenians-flee-nagorno-karabakh-conflict-zone
Tens of thousands of ethnic Armenians have fled from Nagorno-Karabakh since the territory surrendered to Azerbaijan on 20 September....
https://knews.kathimerini.com.cy/en/news/eac-brings-400-000-smart-meters-for-all
Demetris Nathaniel, EAC's Deputy Press Spokesman, informed K that the first 40,000 smart meters will be operational by the first half of 2024, with the remainder to be installed within 2-3 years....
https://knews.kathimerini.com.cy/en/news/2024-budget-points-to-surplus-and-debt-reduction
The 2024 budget reflects the clear imprint of our policy priorities, President of the Republic Nikos Christodoulides says in a written statement, adding that the fiscal balance for 2024 is estimated to be surplus, reaching 2.2% of GDP, while the medium-term goal, by 2026, is to reduce public debt to 60%....
https://knews.kathimerini.com.cy/en/business/hellenic-bank-cuts-fees-for-customers
Hellenic Bank is taking steps to enhance its services and support its customers. Mr. Phoebus Stasopoulos, the Senior Banking Manager of Hellenic Bank, announced the expansion of the limit for free SEPA transfers through Online Banking....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-woos-investors-at-london-conference
Last week, the Bank of Cyprus launched a series of engagements with investors, with a particular focus on attracting new stakeholders. This initiative took place during the BofA Merrill Lynch conference, notably at the Annual Financials CEO Conference held in London from last Tuesday to Thursday. ...
https://knews.kathimerini.com.cy/en/news/president-biden-stands-with-striking-autoworkers-demanding-40-pay-raise
President Joe Biden on Tuesday joined a picket line with striking autoworkers in Michigan, supporting their call for a 40% pay raise and saying they deserve a "lot more" than they are getting....
https://knews.kathimerini.com.cy/en/news/school-escorts-back-on-track-to-aid-hundreds-of-disabled-students
The perennial issue of meeting the needs of students requiring school assistants has resurfaced as the new school year begins. ...
https://knews.kathimerini.com.cy/en/news/nicosia-landmark-tipped-to-become-holistic-wellness-destination
MHV, in partnership with Marriott International, Inc., has announced that The Landmark Nicosia Hotel will join the Autograph Collection Hotels. The hotel is set to reopen in late 2024 under the name "The Landmark Nicosia, Autograph Collection," marking the first Cyprus hotel to be part of this prestigious collection....
https://knews.kathimerini.com.cy/en/news/16-students-awarded-$34-500-in-scholarships-for-us-universities
The Cyprus Children's Fund (CCF) has announced the selection of 16 students for its 2023 Scholarship Awards, totaling $34,500. These scholarships are aimed at supporting Greek students pursuing their education in American universities. ...
https://knews.kathimerini.com.cy/en/business/no-fee-increases-for-2024-at-larnaca-marina
Kition Ocean Holdings announced on Thursday that there will be no increases in berthing fees for recreational boat owners at Larnaca Marina in 2024. ...
https://knews.kathimerini.com.cy/en/business/cbc-lowers-gdp-growth-projections-for-2023-and-2024
The Central Bank of Cyprus has revised its growth projections for 2023 and 2024. They now expect GDP growth to be 2.4% in 2023 and 2.7% in 2024, down from their previous forecasts of 2.6% and 2.8%. This is due to Western sanctions against Russia and the fragile external environment affecting professional and non-tourism services....
https://knews.kathimerini.com.cy/en/news/giorkatzis-to-run-for-president-of-nicosia-district-council
The candidate for the position of President of Nicosia District Council in the upcoming local government elections on 9 June 2024 is being seriously considered by the Mayor of Nicosia, Constantinos Yiorkatzis....
https://knews.kathimerini.com.cy/en/news/construction-of-petrol-storage-terminal-must-be-a-priority-says-energy-minister
The construction of a petroleum products storage terminal with a completion date of 2025 is considered a project of exceptional importance with regard to Cyprus' strategic energy autonomy, Minister of Energy, Commerce and Industry, George Papanastasiou, ...
https://knews.kathimerini.com.cy/en/news/singapore-s-changi-airport-revolutionizes-no-passport-travel
Travel at one of the world's best airports is about to become even smoother next year....
https://knews.kathimerini.com.cy/en/news/cyprus-photovoltaics-for-all-cuts-electricity-costs-by-50
In a bold move to expedite the transition to green energy, the Ministry of Energy is gearing up to unveil a groundbreaking solar energy production initiative that promises to reshape the balance between conventional and green energy sources....
https://knews.kathimerini.com.cy/en/news/modi-s-move-to-rename-india-to-bharat-sparks-controversy
Prime Minister Narendra Modi’s government has replaced the name India with a Sanskrit word in dinner invitations sent to guests attending this week’s Group of 20 summit, in a move that reflects his Hindu nationalist party’s efforts to eliminate what it sees as colonial-era names....
https://knews.kathimerini.com.cy/en/news/focus-on-growth-employment-control-and-surplus-in-the-2024-budget
The 2024 state budget to be tabled to the Council of Ministers for approval next week will have three key characteristics, Minister of Finance Makis Keravnos told CNA....
https://knews.kathimerini.com.cy/en/news/essentials-get-affordable-from-november-2023
In a significant development, the Greek Tax Department has announced that the Ministerial Council, during its session on September 13, 2023, has given the green light to an official decree that modifies the VAT legislation. ...
https://knews.kathimerini.com.cy/en/news/cyprus-to-remove-speed-bumps-introduce-cameras-for-safer-roads
The Ministry of Transport in Cyprus is planning to remove speed bumps from roads, except for those located near schools. Minister Alexis Vafeades confirmed this intention, as reported by the website "Offsite News." ...
https://knews.kathimerini.com.cy/en/news/farewell-to-self-serve-soda-at-mcdonald-s
Testing out all the possible soda combinations at your local McDonald’s will one day become a thing of the past....
https://knews.kathimerini.com.cy/en/news/oregon-s-magic-mushroom-trials-draw-thousands
Psilocybin tea, wind chimes and a tie-dye mattress await those coming to an office suite in Eugene to trip on magic mushrooms....
https://knews.kathimerini.com.cy/en/business/ecb-raises-rates-for-the-10th-time-as-it-tries-to-quell-inflation
The European Central Bank raised interest rates for the 10th meeting in a row on Thursday to counter stubborn inflation but signalled that it is likely done tightening policy....
https://knews.kathimerini.com.cy/en/news/cypriot-bonds-dive-as-ecb-battles-inflation-surge
The value of Cypriot bonds held by the Eurosystem has dipped below €7 billion as the European Central Bank takes measures to combat inflation. ...
https://knews.kathimerini.com.cy/en/business/wizz-air-faces-reduced-christmas-flight-schedule-due-to-engine-faults
Wizz Air has been forced to ground some of its planes and warned it would run fewer flights over Christmas after faults were uncovered in engines used by Airbus....
https://knews.kathimerini.com.cy/en/news/is-cyprus-banking-sector-heading-for-a-shake-up
The Cypriot banking sector is in trouble, and it looks like Eurobank is on the verge of acquiring Hellenic Bank. Meanwhile, Astrobank and CDB Bank's relationship has shifted from a "flirtation" to an "appointment."...
