https://knews.kathimerini.com.cy/en/news/cyprus-sees-higher-borrowing-costs-lower-deposit-rates-in-july
Interest rates on consumer loans and mortgages in Cyprus increased in July, according to the Central Bank of Cyprus (CBC). The rate for consumer credit climbed to 6.67% from 6.18% in June, while the rate for home loans rose to 4.59% from 4.52%....
https://knews.kathimerini.com.cy/en/business/hellenic-bank-s-profits-surge-amid-higher-lending-rates
Hellenic Bank, Cyprus’ second-largest lender, has had a strong start to 2024, reporting a net profit of €189 million in the first half of the year—a solid 18% increase from last year. This boost in profit is mainly due to a 30% rise in interest income, driven by higher European Central Bank (ECB) interest rates....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-illusion-of-prosperity-as-unemployment-numbers-mask-realities
In its analysis, the Central Bank of Cyprus notes that in the first quarter of 2024, unemployment fell to 6%, the lowest level since 2009....
https://knews.kathimerini.com.cy/en/news/israeli-airstrike-on-gaza-aid-convoy-kills-5-transport-employees
The Israel Defense Forces (IDF) carried out an airstrike on a humanitarian aid convoy in Gaza, claiming it targeted "armed assailants" attempting to hijack the convoy....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-report-€164-7-million-deposit-increase-in-july
Total deposits in Cyprus’ banks recorded a net increase of €164.7 million in July 2024, compared with a net decrease of €44.1 million in June 2024, according to figures released on Wednesday by the Central Bank of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/news/biden-approved-$230m-temporary-pier-for-gaza-aid
President Joe Biden ordered the construction of a temporary pier to deliver humanitarian aid to Gaza earlier this year......
https://knews.kathimerini.com.cy/en/news/ecb-cuts-cypriot-bond-holdings-to-€6-38-billion
The value of Cypriot sovereign bonds held by the Eurosystem, as part of the Public Sector Purchases Programme (PSPP) and the Pandemic Emergency Purchases Programme (PEPP) declined to €6.38 billion......
https://knews.kathimerini.com.cy/en/news/party-leaders-argue-over-president-s-decision-to-invite-turkish-minister
Recent tensions have emerged between the Cypriot government and its supporting parties over President Nikos Christodoulides's handling of the Cyprus issue, exposing deeper internal fractures within these parties amid the summer lull....
https://knews.kathimerini.com.cy/en/news/israeli-jets-target-hezbollah-rocket-launchers-amid-escalating-tensions
Israeli jets launched extensive airstrikes on Hezbollah rocket launchers in southern Lebanon early Sunday, in what the Israeli military described as a "pre-emptive" action against the Lebanon-based militant group....
https://knews.kathimerini.com.cy/en/news/cypriot-banks-slash-eurosystem-funding-by-€2-6-billion
Cypriot banks have almost zeroed funding from the Eurosystem via the Targeted Long-Term Refinancing Operations (TLTRO), with the latest data by the Central Bank of Cyprus (CBC) showing repayments amounting to €2.6 billion....
https://knews.kathimerini.com.cy/en/business/gold-hits-historic-$1-million-per-bar-milestone
For the first time, the value of a gold bar has reached $1 million. ...
https://knews.kathimerini.com.cy/en/news/limassol-s-recurring-pollution-problem-calls-for-stronger-government-action
A recurring pollution problem in the Limassol sea has once again provoked strong reactions from citizens, highlighting a lack of coordination among state departments. ...
https://knews.kathimerini.com.cy/en/comment/opinion/what-a-federation-means-for-cyprus-eu-status
We say Cyprus is an indivisible, unified, consubstantial state that could become a federation....
https://knews.kathimerini.com.cy/en/news/over-40-000-palestinians-killed-since-october-7th
The death toll in Gaza has surpassed 40,000 as Israel's relentless military campaign continues to decimate the region, according to reports from Gaza's health authorities. ...
https://knews.kathimerini.com.cy/en/news/the-cypriot-hill-station
"Next Thursday, His Excellency the High Commissioner will depart from here with his family to go to his residence in Troodos for a vacation."(June 25, 1910). ...
https://knews.kathimerini.com.cy/en/news/russia-suspects-us-approval-in-nord-stream-pipeline-attack-vows-retribution
Russia's ambassador to Washington asserted on Friday that Ukraine would not have attacked the Nord Stream gas pipelines without at least tacit approval from the United States, and vowed that Russia would hold those responsible accountable....
https://knews.kathimerini.com.cy/en/news/sharp-increase-in-bounced-checks-for-july-2024
The Central Bank of Cyprus (CBC) has reported a notable increase in bounced checks for July 2024, according to preliminary data from the Central Information Register (CIR)....
https://knews.kathimerini.com.cy/en/news/women-entrepreneurs-hit-hard-by-turkey-s-instagram-shutdown
Turkey's decision to block access to Instagram has dealt a significant blow to female entrepreneurs who rely on the platform to market and sell products ranging from homemade cookies to baby bedding....
https://knews.kathimerini.com.cy/en/news/first-phase-of-nicosia-highway-opens-connecting-major-cities
The completion of the Nicosia Peripheral Highway project will ensure seamless and continuous traffic flow between western Nicosia and Larnaca......
https://knews.kathimerini.com.cy/en/business/€6m-fund-available-for-innovators-to-tackle-real-world-challenges
The Research and Innovation Foundation (RIF) has announced a new funding program called "Co-Develop" with a total budget of €6 million. This program aims to solve real-world problems by connecting researchers with businesses in areas such as digital technologies, advanced agriculture, health, and the environment....
https://knews.kathimerini.com.cy/en/news/rif-launches-€6m-fund-to-foster-innovation-and-economic-growth
The Research and Innovation Foundation (RIF) announced on Tuesday a new call for the "Co-Develop" funding programme, with a total budget of €6 million, aimed at better leveraging resources and apply innovative solutions to real problems....
https://knews.kathimerini.com.cy/en/news/central-bank-revises-gdp-growth-to-3
The Central Bank of Cyprus (CBC) made a conservative upward revision to the GDP growth rate for 2024, by 0.2 percentage points, to 3%......
https://knews.kathimerini.com.cy/en/business/cypriot-banks-show-resilience-amid-challenges-reports-central-bank-governor
Despite the continuous challenges, the Cypriot banking system continues to register a positive course, which is reflected in the main supervisory indicators, Governor of the Central Bank of Cyprus (CBC), ...
https://knews.kathimerini.com.cy/en/news/iran-declares-no-fly-zones-calling-on-aircrafts-to-alter-routes
Iran issued NOTAMs (Notice to Airmen) for the central, western, and northwestern regions of the country, advising aircraft to alter their routes. This move comes as fears of a regional war escalate in the Middle East,...
https://knews.kathimerini.com.cy/en/news/blinken-warns-of-possible-iran-hezbollah-attack-on-israel-in-48-hours
Secretary of State Tony Blinken alerted his G7 counterparts on Sunday that an attack by Iran and Hezbollah against Israel could begin as early as Monday, according to three sources briefed on the call....
https://knews.kathimerini.com.cy/en/news/cyprus-non-cash-payment-value-hits-€129-billion
Non cash payments in Cyprus in the second half of 2023 rose by 12% year on year to €129 billion with total transactions amounting to 152 million marking an annual increase of 15%, the Central Bank of Cyprus (CBC) has said....
https://knews.kathimerini.com.cy/en/news/boxer-khelif-condemns-bullying-amid-gender-scrutiny
Olympic boxer Imane Khelif has called for an end to athlete bullying, stating that the hateful scrutiny over misconceptions about her gender “harms human dignity.” The Algerian athlete spoke out following intense international backlash.
...
https://knews.kathimerini.com.cy/en/news/greece-battles-major-sheep-and-goat-plague-in-11-regions
New cases of sheep and goat plague are expected in Greece, with 35 outbreaks already reported across 11 of the country's 13 regions, according to Agriculture Minister Kostas Tsiaras. Movement and slaughter bans will remain in effect next week to curb the spread....
https://knews.kathimerini.com.cy/en/news/greece-on-high-alert-over-possible-israeli-target-attack
The National Intelligence Service (EYP) and counterterrorism authorities in Greece are on heightened alert after receiving a warning from foreign security services about a potential attack on an Israeli interest in Greece....
https://knews.kathimerini.com.cy/en/business/lidl-celebrates-its-successful-sponsorship-of-the-uefa-euro-2024
• Lidl's sponsorship of the biggest football event in Europe, as an Official Partner of UEFA EURO 2024™, signaling the company's first international participation in football....
