https://knews.kathimerini.com.cy/en/business/employee-influence-grows-43-set-to-quit-jobs-for-better-pay-career-opportunities-and-flexibility
Employees around the world now hold more sway in the global job market, with two-fifths (43%) of respondents saying they are likely to quit in the next 12 months according to the EY 2022 Work Reimagined Survey...
https://knews.kathimerini.com.cy/en/news/rumors-of-pegasus-purchase-by-cyprus-not-put-to-rest
The possibility that NSO sold Pegasus to Cypriot authorities remained unanswered last week when a Cypriot MEP grilled the company’s general counsel, who stopped short of saying who actually bought it...
https://knews.kathimerini.com.cy/en/news/an-historic-day-as-pafos-polis-highway-constructions-begins
The construction of the Pafos-Polis Chrysochous highway officially began on Friday. The Minister of Transport, Communications and Works, Yannis Karousos, was on hand to mark the "historic" day, as he called it....
https://knews.kathimerini.com.cy/en/news/house-clamps-down-on-glamping-aspirations
Cypriot parliament failed this week to pass crucial tourism legislation that would regulate low-cost lodging, but concerns about encroaching on the environment also ended up blocking a bill on the newest trend of glamorous camping...
https://knews.kathimerini.com.cy/en/news/minister-urges-traveling-cypriots-to-fly-off-peak-months
Cypriots are being asked to postpone summer travel during the pick season in order to ‘help not only themselves but also the airlines and airports,' after a crisis in the aviation industry made a crash landing in Europe...
https://knews.kathimerini.com.cy/en/news/retail-trade-in-the-grip-of-inflation
The market is under intense pressure due to the inflationary trends of recent months with consumers appearing hesitant on their trips to retail stores. More shoppers are looking for special offers and refraining from impulsive buys....
https://knews.kathimerini.com.cy/en/business/public-world-premiere-of-the-gt4-eperformance-at-the-festival-of-speed
The all-electric Porsche GT4 ePerformance has begun its world tour at the internationally-renowned Goodwood Festival of Speed. The tour is intended to highlight the potential of the vehicle concept and the associated racing formats....
https://knews.kathimerini.com.cy/en/news/consumer-confidence-in-the-economy-deteriorates-in-june
The economic sentiment in Cyprus deteriorated in July, pushed downwards by weaker business confidence in services, industry and retail trade....
https://knews.kathimerini.com.cy/en/news/russia-defaults-on-foreign-debt-for-the-first-time-since-1918
Russia has defaulted on its foreign debt for the first time in more than a century as the country can't pay creditors due to sanctions over the war in Ukraine, according to media reports.
...
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/news/tourism-stages-comeback-despite-losses-from-russian-market
Tourist arrivals in Cyprus during May increased significantly compared to the same month of 2021, however, they were still lower compared to May 2019 and with obvious losses from the Russian and Ukrainian markets....
https://knews.kathimerini.com.cy/en/news/petrides-a-new-era-of-uncertainty
Uncertainty is the only certain thing in the new era we are entering, said Finance Minister Constantinos Petrides addressing the 14th Congress of the Free Trade Unions of Semi-Governmental Organizations (OHO-SEK)....
https://knews.kathimerini.com.cy/en/business/deloitte-opens-up-nominations-for-its-accelerator-for-the-deloitte-accelerator-for-social-innovation-dasi-awards
Deloitte has opened up nominations for its signature programme Deloitte Accelerator for Social Innovation (DASI) in the Middle East and Cyprus, providing social enterprises in the region with the opportunity to grow and scale their impact. ...
https://knews.kathimerini.com.cy/en/business/new-rules-to-slash-pesticide-use-in-the-eu-by-50
The European Commission proposed on Wednesday legally binding targets to halve the use of chemical pesticides and restore nature across the EU, in an attempt to better protect health and recover plunging wildlife populations....
https://knews.kathimerini.com.cy/en/business/ey-survey-energy-security-concerns-reinforce-government-focus-on-renewable-energy-programs
Energy security has risen to the top of government priority lists in the wake of geopolitical instability and spiralling gas prices....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-immigration-problem
The biggest challenge that the European continent will face in the near future is immigration. Of course, it is not something new, since in recent years the migratory flows, legal or otherwise, were huge, but the countries of the south were the ones facing the problem....
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/business/20-years-of-the-cayenne-the-‘third-porsche-–-an-extraordinary-success-story
Ferry Porsche predicted it back in 1989: “If we build an off-road model according to our standards of quality, and it has a Porsche crest on the front, people will buy it.” He would go on to be proved right. ...
https://knews.kathimerini.com.cy/en/business/construction-materials-up-by-21-81-in-may-2022
The Price Index of Construction Materials went up by 21.81% in May 2022 compared to the corresponding month of 2021, and continued the upward trend that follows since January 2021....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-drives-sustainable-digital-innovation-in-financial-services-with-kyndryl
Kyndryl, the world's largest IT infrastructure services provider and Bank of Cyprus, the leading banking and financial services group in Cyprus, announced an agreement to expand their collaboration with a new five-year managed IT services program that advances the Bank’s ESG commitments through 2030, by supporting the Bank’s levels of service, giving access and visibility to its products to all stakeholders....
https://knews.kathimerini.com.cy/en/business/consulco-brought-together-london-and-limassol
An excellent dialogue took place during the hybrid conference ''Resilient Cities: London and Limassol'' organized by Consulco, on Thursday 16 June 2022 between London and Limassol, where speakers from Cyprus and Britain exchanged views on the two cities and their development. ...
https://knews.kathimerini.com.cy/en/news/uk-approves-julian-assange-s-extradition-to-the-us
The UK has approved Julian Assange's extradition to the US, where the WikiLeaks founder faces hacking and espionage charges, the UK Home Office confirmed Friday....
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/us-fed-raises-interest-rates-by-75-largest-hike-in-30-years
The US central bank has announced its biggest interest rate rise in nearly 30 years as it ramps up its fight to rein in soaring consumer prices....
https://knews.kathimerini.com.cy/en/business/gaston-taratuta-from-argentina-named-ey-world-entrepreneur-of-the-year™-2022
Gaston Taratuta, Founder and CEO of Aleph Group, Inc. was named EY World Entrepreneur Of The YearTM 2022 at an award ceremony held in Monte Carlo on Thursday, June 9....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-the-dilemmas-of-war-and-pandemic
Cyprus is a small country with a large export sector of services, which makes it vulnerable to its external environment. An external shock is felt faster and more intensely.
...
https://knews.kathimerini.com.cy/en/news/cyprus-feeling-the-effects-of-russian-flight-ban
Cyprus' tourism industry is taking a huge hit from the lack of Russian and Ukrainian tourists, with an estimated loss of €600 million this year alone....
https://knews.kathimerini.com.cy/en/news/legal-chaos-after-president-commutes-life-sentence
Critics in the world of justice in Cyprus are crying foul after the President offered clemency to a man whose life sentence early in an Ayia Napa quadruple murder trial made him a credible state witness who helped put away other defendants...
https://knews.kathimerini.com.cy/en/business/kpmg-in-cyprus-will-act-as-a-technical-service-consultant-for-the-treasury-of-the-republic-of-cyprus
KPMG in Cyprus will act as a technical service consultant, following participation in a public tender, for the provision of support to the Treasury of the Republic of Cyprus, in the framework of the implementation of the new eProcurement system....
https://knews.kathimerini.com.cy/en/business/map-s-platis-group-pioneers-32-hour-work-week-for-staff-this-summer
Following the success of its hybrid and flexible work schedule during the past two years, MAP S.Platis Group, a leading consulting, educational, and tech firm in the financial services and regulatory compliance sector in Cyprus, announces the launch of a four-day work week for its staff via its ‘Summer Afternoons’ programme....
