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12° Nicosia,
28 March, 2024
 

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Displaying results 1-30 of 101 matches for query Deficit.

1. Cyprus grapples with €80 million surge in state budget deficit for 2023

https://knews.kathimerini.com.cy/en/news/cyprus-grapples-with-€80-million-surge-in-state-budget-deficit-for-2023

The state budget deficit for 2023 increased by €80 million compared to the deficit recorded in 2022, according to the Fiscal Report of the Republic of Cyprus for 2023, submitted to the House of Representatives....

2. Audit uncovers mismanagement in Cyprus' public health system

https://knews.kathimerini.com.cy/en/business/audit-uncovers-mismanagement-in-cyprus-public-health-system

In a damning revelation, Auditor General Odysseas Michaelides unveiled alarming mismanagement within Cyprus' public health sector, particularly in its flagship National Health System (GESY). ...

3. Cyprus economy holds steady amid challenges

https://knews.kathimerini.com.cy/en/news/cyprus-economy-holds-steady-amid-challenges

Canadian credit rating agency DBRS Ratings GmbH (Morningstar DBRS) has affirmed the Republic of Cyprus's long-term ratings, maintaining it at BBB (high) with a stable economic outlook. ...

4. Europe's ambitious plan to reignite economic engines

https://knews.kathimerini.com.cy/en/news/europe-s-ambitious-plan-to-reignite-economic-engines

As Europe endeavours to uphold its competitiveness amidst economic rivals, its politicians believe they hold a concealed asset: the savings of its citizens, which remain unused and dormant....

5. Cyprus' economic resilience earns high credit rating confirmation

https://knews.kathimerini.com.cy/en/news/cyprus-economic-resilience-earns-high-credit-rating-confirmation

International rating agency Morningstar DBRS has confirmed Cyprus’ BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks. ...

6. Cyprus trade deficit soars to €8.57 Billion in 2023

https://knews.kathimerini.com.cy/en/news/cyprus-trade-deficit-soars-to-€8-57-billion-in-2023

Cyprus' trade deficit for 2023 reached €8.57 billion, marking an 18% increase from the previous year's €7.26 billion, according to provisional data released by the Statistical Service of Cyprus (CyStat)....

7. Inquiry raises more questions in National Guardsman's death

https://knews.kathimerini.com.cy/en/news/inquiry-raises-more-questions-in-national-guardsman-s-death

8. Will the far-right push Germany towards a Dexit?

https://knews.kathimerini.com.cy/en/news/will-the-far-right-push-germany-towards-a-dexit

In an exclusive interview with the Financial Times, Alice Weidel, leader of Germany's far-right Alternative für Deutschland (AfD), expressed support for a ''Dexit'' referendum, citing the UK's Brexit as a model for Germany. ...

9. Black holes in public safety

https://knews.kathimerini.com.cy/en/news/black-holes-in-public-safety

Last week, Justice Minister Marios Hartsiotis pledged to enhance security, proposing an increased uniformed presence in the city center to combat crime....

10. Cyprus dominates EU exports in November

https://knews.kathimerini.com.cy/en/news/1-cyprus-dominates-eu-exports-in-november

Cyprus recorded the highest annual increase in exports among the member states of the EU in November 2023 compared to November 2022......

11. Dr. Anastasatos forecasts bright future for Cyprus economy

https://knews.kathimerini.com.cy/en/news/dr-anastasatos-forecasts-bright-future-for-cyprus-economy-in-candid-interview

Eurobank group's chief economist, Dr Tasos Anastasatos, expresses optimism about the Cyprus economy, emphasizing that the decision to expand the group's banking presence in Cyprus is linked to these positive economic prospects....

12. Gabriel Attal appointed as youngest Prime Minister in history of France

https://knews.kathimerini.com.cy/en/news/gabriel-attal-appointed-as-youngest-prime-minister-in-history-of-france

In a move aimed at rejuvenating his second term, French President Emmanuel Macron has appointed his 34-year-old Education Minister, Gabriel Attal, as the country's new Prime Minister. This makes Attal the youngest person to hold the position and the first openly gay individual to do so....

13. Ongoing investigation reveals insights into guardsman's 2005 death

https://knews.kathimerini.com.cy/en/news/ongoing-investigation-reveals-insights-into-guardsman-s-2005-death

In the ongoing investigation into the death of National Guardsman Thanasis Nikolaou in 2005, anthropologist Eleftheria Harilaou testified about examining his exhumed bones....

14. Cyprus gets BBB+ boost in latest ratings, but challenges persist

https://knews.kathimerini.com.cy/en/business/cyprus-gets-bbb-boost-in-latest-ratings-but-challenges-persist

The German Scope Ratings have given a positive sign for Cyprus by upgrading the country to BBB+ last Friday from the previous BBB while keeping the outlook of the economy stable. ...

15. Central banks across Europe hold firm amidst rate cut speculations

https://knews.kathimerini.com.cy/en/news/central-banks-across-europe-hold-firm-amidst-rate-cut-speculations

Europe's top central bankers have affirmed that despite market expectations for a reduction due to weakening growth, interest rates will persist at elevated levels. ...

16. Cyprus trade deficit swells as imports surge in 2023

https://knews.kathimerini.com.cy/en/business/cyprus-trade-deficit-swells-as-imports-surge-in-2023

Cyprus faces a growing trade deficit, reaching €6,490.8 million in January-September 2023, a €685.1 million increase from the same period in 2022, reports the Statistical Service of Cyprus. Total imports surged by 12.7% to €9,756.5 million, with exports rising by 14.6% to €3,265.7 million during the same period....

17. Will Czech Republic embrace the euro?

https://knews.kathimerini.com.cy/en/news/will-czech-republic-embrace-the-euro

Despite being part of the European Union for nearly two decades, the Czech Republic remains staunchly opposed to adopting the euro as its official currency. ...

18. 7,000 tons of halloumi on the brink

https://knews.kathimerini.com.cy/en/news/7-000-tons-of-halloumi-on-the-brink

Official Ministry of Agriculture data have unveiled a critical situation in the halloumi production industry, a beloved and essential product in Cyprus....

19. Cyprus tops EU in export growth with 55.2% surge in August 2023

https://knews.kathimerini.com.cy/en/news/cyprus-tops-eu-in-export-growth-with-55-2-surge-in-august-2023

Cyprus has taken the spotlight as the European Union's top performer in export growth, with a remarkable 55.2% surge in exports during August 2023 compared to the same period in 2022, according to Eurostat, the EU's statistical service....

20. Ireland's tax policies fill sovereign fund coffers

https://knews.kathimerini.com.cy/en/news/ireland-s-tax-policies-fill-sovereign-fund-coffers

Countries like Saudi Arabia, Norway, and Chile have long established their own sovereign-wealth funds....

21. IMF forecasts economic challenges for Cyprus in 2023 and beyond

https://knews.kathimerini.com.cy/en/news/imf-forecasts-economic-challenges-for-cyprus-in-2023-and-beyond

The International Monetary Fund (IMF), in its ''World Economic Outlook'' for October, published on Tuesday, forecasts that Cyprus's growth rate for 2023 will slow down to 2.2% of GDP, down from the 2.5% it had projected in its April outlook....

22. Inflation fears and green investments

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. ...

23. French ski resort shuts down forever

https://knews.kathimerini.com.cy/en/news/french-ski-resort-shuts-down-forever

Due to the effects of global warming that have led to a lack of snow, a ski resort in the French Alps, La Sambuy, has decided to cease operations permanently....

24. GDP alert: Economic storm brewing?

https://knews.kathimerini.com.cy/en/news/gdp-alert-economic-storm-brewing

Former Minister of Finance, Konstantinos Petrides, comments on the GDP results for the 2nd quarter with five observations....

25. Cyprus spends more on imports, trade gap widens

https://knews.kathimerini.com.cy/en/business/cyprus-spends-more-on-imports-trade-gap-widens

The trade deficit in the first half of 2023 increased by approximately €574 million compared to the same period last year, even though imports significantly dropped in May and June of 2023 when compared to 2022....

26. Government achieves €155.5M surplus in 2023

https://knews.kathimerini.com.cy/en/news/government-achieves-€155-5m-surplus-in-2023

Cyprus government's surplus for the first half of 2023 increased to €155.5 million, equivalent to 0.5% of GDP, compared to a deficit of €92.4 million (-0.3% of GDP) for the period of January-June 2022, based on preliminary fiscal results from the Statistical Service of Cyprus. ...

27. Cypriot economy on the brink, says Finance Minister

https://knews.kathimerini.com.cy/en/news/cypriot-economy-on-the-brink-says-finance-minister

During his address to the House of Representatives and following his presentation to the Parliamentary Finance Committee on the government's comprehensive package of seven measures for addressing foreclosure issues, ...

28. Schools vulnerable to ransomware

https://knews.kathimerini.com.cy/en/news/schools-vulnerable-to-ransomware

The confidential documents stolen from schools and dumped online by ransomware gangs are raw, intimate, and graphic. They describe student sexual assaults, psychiatric hospitalizations, abusive parents, truancy — even suicide attempts....

29. Excess renewable energy poses challenges for Cyprus

https://knews.kathimerini.com.cy/en/news/excess-renewable-energy-poses-challenges-for-cyprus

There is an excess production from renewable energy sources that could be extracted, stated the spokesperson of the Cyprus Transmission System Operator (TSO) to CNA....

30. Cyprus slips in global competitiveness rankings for third consecutive year

https://knews.kathimerini.com.cy/en/business/cyprus-slips-in-global-competitiveness-rankings-for-third-consecutive-year

Cyprus has experienced a decline in its global competitiveness for the third consecutive year, dropping from the 40th position to the 45th out of 64 countries in the IMD World Competitiveness Center rankings....

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