https://knews.kathimerini.com.cy/en/news/eu-pushing-for-economic-ties-with-turkey-but-where-does-that-leave-cyprus
According to Kathimerini's Pavlos Xanthoulis, Brussels and Berlin are working to upgrade the Turkish Customs Union, viewing it as a pathway to strengthen economic ties with Turkey. ...
https://knews.kathimerini.com.cy/en/business/norway-s-billion-dollar-man-says-americans-just-work-harder-than-europeans
Norway’s ''billion-dollar man'' Nicolai Tangen, who manages Norway’s $1.6 trillion sovereign wealth fund, says America’s success over Europe comes down to one simple factor: Americans work harder....
https://knews.kathimerini.com.cy/en/news/germany-€60-billion-budget-shortfall-rocks-europe-s-largest-economy
Germany’s tax revenues are projected to fall nearly €60 billion short of earlier expectations over the next five years, intensifying budget challenges for Chancellor Olaf Scholz’s government and straining the already fragile three-party coalition....
https://knews.kathimerini.com.cy/en/business/cyprus-achieves-first-a-level-credit-rating-in-major-milestone
Scope Ratings has upgraded Cyprus's credit rating to A- from BBB+, marking the country's first A-level rating from a major credit agency....
https://knews.kathimerini.com.cy/en/news/teachers-sound-alarm-over-hungry-students-in-schools
Primary school teachers in Cyprus are raising concerns about children coming to school hungry, with some students lacking even a simple sandwich to get through the day....
https://knews.kathimerini.com.cy/en/business/ft-dutch-court-rules-heineken-must-pay-millions-for-greek-subsidiary-violations
According to a report in the Financial Times, a Dutch court has ruled that Heineken is responsible for competition violations linked to its Greek subsidiary, Athenian Brewery, dating back to the 1990s. ...
https://knews.kathimerini.com.cy/en/news/cbc-urges-banks-to-show-social-responsibility-despite-sector-s-strength
The Central Bank of Cyprus (CBC) released its annual Financial Stability Report for 2023 on Tuesday, indicating that the financial sector is overall strong and capable of handling unexpected challenges. ...
https://knews.kathimerini.com.cy/en/news/north-korea-sends-troops-to-russia-raising-concerns-over-their-role-in-ukraine-conflict
The U.S. government has reported that North Korea has sent at least 3,000 troops to Russia, raising concerns that they may be deployed to fight in Ukraine....
https://knews.kathimerini.com.cy/en/news/cyprus-and-u-s-launch-historic-strategic-dialogue-to-strengthen-bilateral-ties
Nicosia and Washington are forming a concrete footprint for deepening their bilateral relations at the strategic level with the first-ever CY-US Strategic Dialogue launched today. ...
https://knews.kathimerini.com.cy/en/news/president-unveils-€30-million-plan-to-revitalize-troodos-region
President Nikos Christodoulides has unveiled a comprehensive plan aimed at revitalizing the Troodos mountainous region, with more than 20 major projects and policy actions set to be implemented. ...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-shareholders-moving-at-different-speeds
CarVal Investors recently sold 3% of its 9.09% stake in Bank of Cyprus, sparking speculation that other shareholders may follow suit and sell their shares....
https://knews.kathimerini.com.cy/en/business/cyprus-surpasses-pre-pandemic-financial-levels-with-growing-surplus
Cyprus is bouncing back from recent economic challenges, with its financial health improving dramatically. Current fiscal surpluses now exceed what they were before the pandemic, thanks to a significant increase in revenue....
https://knews.kathimerini.com.cy/en/news/are-the-us-elections-turning-into-the-battle-of-the-billionaires
In what seems to be a tit-for-tat move—especially after Elon Musk announced he would donate $1 million a day to registered voters who sign his PAC petition—Microsoft founder Bill Gates has reportedly thrown his support behind Democratic Vice President Kamala Harris in the 2024...
https://knews.kathimerini.com.cy/en/news/1-imf-raises-cyprus-growth-forecast-for-2024
The International Monetary Fund (IMF) has raised its forecast for Cyprus's economic growth in 2024 from 2.7% to 3.3%. This updated prediction comes from the IMF's October World Economic Outlook report released on Tuesday....
https://knews.kathimerini.com.cy/en/news/cyprus-reaches-agreement-for-delivery-of-fsru
The Cypriot government and a Chinese consortium have come to an agreement for the delivery of the floating storage regasification unit (FSRU) ''Prometheus,'' which is expected to be finalized within 60 days....
https://knews.kathimerini.com.cy/en/news/finance-minister-stands-firm-on-economic-stability-amid-rising-pressures
In a recent interview with Andreas Kimitris, Cyprus Finance Minister Makis Keravnos spoke candidly about his firm stance on the country’s economic stability. ...
https://knews.kathimerini.com.cy/en/news/ecb-cuts-rates-again-as-eurozone-inflation-and-economy-struggle
The European Central Bank (ECB) has cut interest rates for the third time, marking the first consecutive reduction in 13 years....
https://knews.kathimerini.com.cy/en/news/business-losses-mount-as-paphos-polis-road-stalls
Paphos citizens are expressing growing frustration over the stalled construction of the Paphos-Polis Chrysochous highway......
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-the-new-switzerland-and-other-tall-tales
Hope for a solution has been granted a stay of execution—albeit on life support—and almost all political parties welcomed this development....
https://knews.kathimerini.com.cy/en/news/global-debt-to-exceed-$100-trillion-this-year
Global public debt is nearing the size of the world economy, posing risks to living standards in developed nations, the International Monetary Fund (IMF) warned....
https://knews.kathimerini.com.cy/en/news/bank-profits-in-crosshairs-as-tax-talks-heat-up
The future of a special tax on bank deposits paid to the state may be heading for a shift, though a final decision is not guaranteed. ...
https://knews.kathimerini.com.cy/en/news/calum-chace-how-ai-will-change-everything—are-we-ready
Calum Chace, a well-known expert in Artificial Intelligence (AI), recently took the stage at the Digital Agenda Cyprus Summit 2024 to share his insights into the future of AI and its impact on our world....
https://knews.kathimerini.com.cy/en/news/tornaritis-calls-mep-fidias-‘hitler-during-tense-tiktok-debate
A TikTok live session hosted by popular Cypriot influencer Nana ignited intense debate last night, featuring newly elected Member of the European Parliament (MEP) Fidias Panayiotou and businessman Christophoros Tornaritis...
https://knews.kathimerini.com.cy/en/news/protests-rise-against-barcelona-s-growing-tourist-influx
Barcelona is grappling with a surge in tourism that has led to rising tensions among locals. Iconic landmarks like Sagrada Familia and Park Güell, along with bustling streets like Las Ramblas, are attracting 170,000 visitors daily, according to city authorities. ...
https://knews.kathimerini.com.cy/en/news/greece-rejects-six-nautical-mile-concessions-with-turkey
Greece has firmly ruled out any compromise on reducing its territorial waters to six nautical miles in its ongoing dispute with Turkey, a senior government official said, dispelling speculation about potential concessions ahead of crucial diplomatic talks....
https://knews.kathimerini.com.cy/en/news/three-economists-win-nobel-for-studying-why-nations-fail
Economists Daron Acemoglu, Simon Johnson, and James A. Robinson have been awarded the 2024 Nobel Prize in Economics for their research on how institutions shape societies' welfare. Announced by the Royal Swedish Academy of Sciences, the trio will share the 11 million kroner ($1.1 million) prize....
https://knews.kathimerini.com.cy/en/news/joseph-borghese-receives-prestigious-award-at-uk-parliament
Joseph Borghese, Chairman and CEO of Borghese Multi-Family Office, was recognized with the ''Global Excellence in Leadership Award for Enhancing Investment and Mergers & Acquisitions'' at a ceremony held at the Palace of Westminster. ...
https://knews.kathimerini.com.cy/en/news/over-100-us-troops-deployed-to-israel-as-war-in-gaza-escalates
The United States is deploying one of its most advanced missile defense systems, along with approximately 100 troops, to Israel, deepening its involvement in the escalating conflict in the Middle East ahead of an expected Israeli offensive on Iran, according to U.S. media reports.
...
https://knews.kathimerini.com.cy/en/news/limassol-and-larnaca-set-for-greener-urban-transport
Cyprus has officially launched its Sustainable Urban Mobility Plans (SUMP) for Limassol and Larnaca, making a significant step towards the the country’s transition towards greener, more accessible urban spaces....
https://knews.kathimerini.com.cy/en/news/med9-summit-focuses-on-middle-east-crisis-in-cyprus
Leaders of southern European Union nations are meeting Friday in Paphos for the 11th MED9 Summit, with a focus on the escalating crisis in the Middle East....
