https://knews.kathimerini.com.cy/en/news/global-giants-eye-battery-storage-project-in-cyprus
Major global companies like Tesla and Samsung have expressed interest in developing a battery-based electricity storage system in Cyprus, according to Minister of Energy, Trade, and Industry George Papanastasiou. ...
https://knews.kathimerini.com.cy/en/business/dsv-and-unicef-announce-partnership-to-increase-access-to-essential-supplies-for-children-worldwide
The new strategic partnership will provide rapid emergency responses while strengthening national supply chains....
https://knews.kathimerini.com.cy/en/news/cyprus-to-inaugurate-space-research-and-innovation-centre
A significant milestone in space research and exploration will be marked on Wednesday with the inauguration of the Cyprus Space Research and Innovation Centre (C-SpaRC) in Nicosia. ...
https://knews.kathimerini.com.cy/en/news/cyprus-and-us-tighten-ties-visa-free-travel-and-arms-deals-on-the-horizon
According to a report written by Yiannis Ioannou, the consolidation of Cyprus-US strategic cooperation and the conclusion of a strategic dialogue agreement have significantly deepened Cypriot-US relations at a critical time,...
https://knews.kathimerini.com.cy/en/news/standard-poor-s-upgrades-bank-of-cyprus-rating
Standard & Poor’s (S&P) has upgraded Bank of Cyprus’ long-term issuer rating to BB+, just one notch below investment-grade status, and assigned a positive outlook. This comes shortly after the upgrade of Cyprus’ long-term rating to BBB+, also with a positive outlook....
https://knews.kathimerini.com.cy/en/news/pwc-cyprus-is-strengthened-with-new-partners
As PwC Cyprus continues its successful re-invention and shift to a new business model, fit and relevant for the new market conditions and opportunities, ...
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/chevron-frederick-university-offer-scholarships-for-female-engineers
Frederick University and Chevron are announcing three full scholarships for the academic year 2024-25 for new female students who will enrol in any of the undergraduate programs of study of Frederick University’s School of Engineering in the academic year 2024-25....
https://knews.kathimerini.com.cy/en/news/cyprus-cuts-migrant-arrivals-by-50-earns-european-praise
Cyprus continues to grapple with a significant migration challenge, a situation that has evolved into a complex and multifaceted issue. ...
https://knews.kathimerini.com.cy/en/news/cbc-projects-3-gdp-growth-in-2024
The Central Bank of Cyprus has revised its 2024 forecast for GDP growth to 3%, from 2.8% that was expected last March, mainly due to the upward revision of domestic demand, while it maintained its forecast for growth in the years 2025 and 2026, at 3.1% and 3.2%, respectively....
https://knews.kathimerini.com.cy/en/news/will-cabinet-decide-to-extend-electricity-subsidies-to-consumers
The government is poised to discuss the renewal of the electricity subsidy measure, set to expire on June 30, at its upcoming Cabinet meeting, according to a report by Kathimerini's Hectoras Georgiou....
https://knews.kathimerini.com.cy/en/news/us-investment-and-educational-opportunities-rise-in-cyprus
The recent meeting between Cypriot Foreign Minister Konstantinos Kompos and US Secretary of State Anthony Blinken has underscored the strong and growing ties between Cyprus and the United States......
https://knews.kathimerini.com.cy/en/business/the-$10-billion-plan-to-rebuild-cyprus-s-ghost-town
The Turkish newspaper Sözcü has drawn attention to Varosha, an abandoned area in Famagusta, calling it the "Las Vegas of the Mediterranean." The paper says it would take $10 billion to bring the ghost town back to life after being abandoned for 50 years....
https://knews.kathimerini.com.cy/en/news/cyprus-eyes-market-return-with-ten-year-bond
Cyprus is gearing up to re-enter the financial markets in the near future to capitalize on the recent positive momentum bolstering its economy....
https://knews.kathimerini.com.cy/en/news/countries-must-create-greenspaces-by-2050-according-to-new-eu-law
The European Union has approved a new law aimed at restoring nature across its member countries, according to a report by Kathimerini's Alexandra Voudouri. ...
https://knews.kathimerini.com.cy/en/news/politico-cyprus-is-the-solution-not-a-problem
Despite its long-standing division, Cyprus is emerging as a crucial player in the Middle East, offering a stable platform for political, economic, humanitarian, and military operations, according to an article published today in Politico by Ivo Daalder....
https://knews.kathimerini.com.cy/en/news/russian-assets-to-fund-ukraine-s-defense-against-russia
Leaders of the Group of Seven nations have struck a landmark agreement to extend a $50 billion loan to Ukraine, funded by interest earned on Russia’s immobilized central bank assets....
https://knews.kathimerini.com.cy/en/news/banks-blame-high-interest-rates-for-decline-of-new-loans
Loan demand continued to fall in the first quarter of 2024, with banks blaming high interest rates for the decline. ...
https://knews.kathimerini.com.cy/en/news/we-envision-transforming-people-s-lives-for-the-better
The Cleanthus Foundation aims to enhance the lives of those in need and make a positive impact on society through its programs and funding initiatives. ...
https://knews.kathimerini.com.cy/en/news/what-s-in-a-name-the-romantic-tale-of-rosebank-whisky
Rosebank. What a romantic name, isn’t it? To me, it conjures up images of blooming roses and tranquil riverbanks. ...
https://knews.kathimerini.com.cy/en/business/cbc-chief-warns-tax-on-big-profits-could-hurt-economy
The new Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, expressed opposition to a windfall profits tax, which is a tax imposed by governments on companies that have experienced unexpectedly large profits,...
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/news/153-000-people-struggle-with-low-incomes-and-high-living-costs
The share of Cyprus' population at risk of poverty or social exclusion remained steady at 16.7% in 2023, according to the Statistical Service of Cyprus (Cystat). This means that approximately 153,000 people in Cyprus are struggling with low incomes and high living costs....
https://knews.kathimerini.com.cy/en/news/newly-elected-leaders-of-nicosia-district-officially-announced
The newly elected mayors, municipal councilors, school superintendents, community mayors, and community council members of the Nicosia district were officially proclaimed on Tuesday....
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/comment/opinion/europe-s-right-wing-surge
The votes are still being counted, but the European Parliament election results point to a surge of support for right-wing and far-right parties....
https://knews.kathimerini.com.cy/en/news/european-parliament-elections-see-rightward-shift
Voters across Europe cast their ballots on Sunday in the European Parliament elections, likely shifting the assembly to the right and increasing the number of euroskeptic nationalists. ...
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/comment/opinion/the-fifth-phalanx
The coming of age of my generation coincided with Cyprus' first appearance in the European Parliament in 2004. A generation that saw the EU as the vehicle for its hope—hope for change and reunification of the country....
https://knews.kathimerini.com.cy/en/business/fitch-upgrades-cyprus-to-bbb
Fitch Ratings has upgraded Cyprus' Long-Term Foreign Currency Issuer Default Rating from 'BBB' to 'BBB+' with a positive outlook....
