https://knews.kathimerini.com.cy/en/news/june-sees-price-hikes-on-essentials-as-inflation-rises
Get ready to pay more for everyday items! Prices for many essential goods jumped in June, driving up inflation to 2.9%. This follows a steady rise from 2.4% in April and 2.7% in May....
https://knews.kathimerini.com.cy/en/business/6-real-estate-investment-opportunities-by-astrobank
Apartments, beachfront land, commercial properties and other investment opportunities are available for sale by AstroBank in Paphos, Famagusta, Larnaca and Nicosia....
https://knews.kathimerini.com.cy/en/news/cyprus-exports-decline-sharply-while-imports-see-a-modest-rise
Cyprus saw its trade deficit grow in May 2024, largely due to a significant drop in exports and a slight increase in imports, according to recent data from the Cyprus Statistical Service. The trade deficit for May 2024 was €693.4 million, up from €578.2 million in May 2023....
https://knews.kathimerini.com.cy/en/business/real-estate-investment-opportunities-by-astrobank-in-paphos-famagusta-and-nicosia
Astrobank has listed for sale residential plots in Strovolos, in the GSP area, and other properties in Paphos, Famagusta and Nicosia that are ideal investment opportunities....
https://knews.kathimerini.com.cy/en/news/bronze-age-relics-unearthed-at-erimi-pitharka-limassol
The Erimi-Pitharka archaeological site, in Limassol district, dates to the Late Bronze Age, in accordance with previous findings, a press release issued by the Department of Antiquities of the Deputy Ministry of Culture says....
https://knews.kathimerini.com.cy/en/business/surge-in-corporate-loans-despite-interest-rate-hike
The Central Bank of Cyprus has released its latest data revealing notable shifts in financial trends for May 2024. Despite a 0.52% uptick in lending rates for non-financial corporations borrowing amounts over €1 million, new loans to these entities surged by 10% compared to the previous month. ...
https://knews.kathimerini.com.cy/en/news/temu-shein-ali-express-eu-cracks-down-on-chinese-imports
The European Union is taking steps to clamp down on the surge of low-quality Chinese imports flooding its markets. According to sources speaking to the Financial Times, the EU plans to impose tariffs on cheap products from platforms like Temu, Shein, and AliExpress....
https://knews.kathimerini.com.cy/en/news/american-artist-turns-cyprus-ancient-stones-into-vibrant-art
Have you ever heard of any Cypriot artists climbing up into the mountains on an extremely hot day just to collect stones and extract colors?...
https://knews.kathimerini.com.cy/en/news/cyprus-cancels-russian-billionaires-passports-from-christofias-era
Cyprus has revoked the citizenship of two high-profile Russian oligarchs who were naturalized during the presidency of Demetris Christofias. ...
https://knews.kathimerini.com.cy/en/business/4-houses-for-sale-by-astrobank
AstroBank has listed for sale houses in Nicosia, Larnaca, and Paphos that are ideal for own-occupancy....
https://knews.kathimerini.com.cy/en/news/paphos-hoteliers-face-mixed-bag-of-occupancy-rates-in-june
The hotel industry in Paphos province experienced a varied start to June, gradually improving as the month progressed, according to Euripides Loizides, President of the Paphos Hoteliers Association....
https://knews.kathimerini.com.cy/en/news/sweden-s-gang-war-reaches-greece-with-key-arrests
In September 2023, Sweden was rocked by a surge of 12 murders linked to a violent gang war over drug trafficking in cities like Uppsala and Umeå....
https://knews.kathimerini.com.cy/en/news/assange-leaves-uk-for-australia-after-years-of-hiding-in-us-plea-deal
After a years-long legal saga, Wikileaks says that founder Julian Assange has left the UK after reaching a deal with US authorities that will see him plead guilty to criminal charges and go free....
https://knews.kathimerini.com.cy/en/news/cyprus-to-sell-1-billion-bond-after-improved-credit-ratings
The Republic of Cyprus is expediting its return to the financial markets, seeking to leverage recent credit rating upgrades by Fitch and Standard & Poor's......
https://knews.kathimerini.com.cy/en/news/pournara-from-3145-to-245-migrants-in-two-years
The influx of irregular migrants into Cyprus has markedly declined following stringent government measures. Illustrative of this trend is the Pournara accommodation center, ...
https://knews.kathimerini.com.cy/en/news/unhcr-concerns-over-asylum-seekers-trapped-in-buffer-zone
The UN Refugee Agency (UNHCR) has raised alarms over the safety and well-being of 31 asylum-seekers, including seven children, who are reportedly stranded in the UN Buffer Zone in Cyprus....
https://knews.kathimerini.com.cy/en/business/cyprus-faces-market-uncertainties-as-exit-plans-delayed-again
According to report by Panayiotis Rougalas in today's Oikonomiki, Cyprus faces a challenging time as it navigates plans to exit the financial markets. ...
https://knews.kathimerini.com.cy/en/business/cyprus-trade-deficit-shrinks-by-€708-million
The trade deficit in Cyprus decreased by €708 million in January-April 2024 compared to the same period in 2023, driven by a significant 18.4% drop in imports, according to the Statistical Office....
https://knews.kathimerini.com.cy/en/news/cyprus-tourism-hit-by-may-slump
Banks caution against high expectations for new tourism records in Cyprus, citing a lackluster performance in May, according to a report by Panayiotis Rougalas on this Sunday's Kathimerini (9 June 2024)....
https://knews.kathimerini.com.cy/en/business/passenger-traffic-up-at-larnaca-and-paphos-airports-amid-drop-in-hotel-bookings
Passenger traffic at Larnaca and Paphos airports increased by 4.26% in May 2024 compared to the same month in 2023, according to the Ministry of Transport, Communications and Works....
https://knews.kathimerini.com.cy/en/news/olive-oil-prices-soar-65-in-cyprus-in-may-2024
Olive oil prices in Cyprus surged by 65% in May 2024 compared to the same month last year, and increased by 2% from April 2024, according to the Consumer Index table compiled by the Cyprus Consumer Association and released on Friday....
https://knews.kathimerini.com.cy/en/news/greek-olive-oil-producers-reject-bulk-sales-thrive-in-export-market
They knew the easy way. They could have effortlessly sent their oil in bulk to Italy....
https://knews.kathimerini.com.cy/en/news/cyprus-inflation-could-offset-ecb-rate-cut-benefits
The European Central Bank (ECB) cut its three key interest rates by 25 basis points on Thursday, marking the first reduction after nearly two years of increases or stasis. ...
https://knews.kathimerini.com.cy/en/news/israeli-settler-defies-us-sanctions-gains-community-aid-to-access-frozen-funds
For weeks after being sanctioned by the United States, Yinon Levi struggled to pay the bills, living at his farming outpost atop a hill in the occupied West Bank. But the Israeli settler’s problems didn’t last....
https://knews.kathimerini.com.cy/en/news/trump-s-gun-license-to-be-revoked-after-felony-conviction
Donald Trump’s license to carry a gun is expected to be revoked by the New York City police department now that he has been convicted of a felony, according to reports on Wednesday evening....
https://knews.kathimerini.com.cy/en/news/new-banknotes-featuring-king-charles-released-in-the-uk
Banknotes bearing the portrait of King Charles III have been released into circulation for the first time today. ...
https://knews.kathimerini.com.cy/en/news/eu-funded-project-aims-to-shatter-migrant-prejudices
The Advisory Centre for Family Support (SYKESO) has announced the launch of the ISOTITA project, a new initiative aimed at helping migrant and refugee women integrate into Cypriot society....
https://knews.kathimerini.com.cy/en/business/unpaid-debts-from-fti-touristik-bankruptcy-threaten-cyprus-hotels
The European tourism market has been jolted by the bankruptcy of FTI Touristik, a major German travel organiser. ...
https://knews.kathimerini.com.cy/en/news/commissioner-calls-for-improvements-in-nicosia-s-detention-facilities
Maria Stylianou Lottidi, the Commissioner for Administration and Protection of Human Rights, has issued recommendations following a visit to the Nicosia Police Station's detention facilities on April 11. ...
https://knews.kathimerini.com.cy/en/news/government-rejects-fti-group-s-bailout-plea-leading-to-bankruptcy
FTI Group, Europe’s third-largest travel provider, declared bankruptcy today following unsuccessful negotiations with the federal government, impacting 11,000 employees and tens of thousands of travelers currently on holiday or with future bookings....
