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....
https://knews.kathimerini.com.cy/en/business/passenger-traffic-up-at-larnaca-and-paphos-airports-amid-drop-in-hotel-bookings
Passenger traffic at Larnaca and Paphos airports increased by 4.26% in May 2024 compared to the same month in 2023, according to the Ministry of Transport, Communications and Works....
https://knews.kathimerini.com.cy/en/news/cyprus-inflation-could-offset-ecb-rate-cut-benefits
The European Central Bank (ECB) cut its three key interest rates by 25 basis points on Thursday, marking the first reduction after nearly two years of increases or stasis. ...
https://knews.kathimerini.com.cy/en/news/cyprus-and-montenegro-strengthen-ties-pave-way-for-eu-integration
Cyprus President Nikos Christodoulides extended a warm welcome to Montenegro's President Jakov Milatović on Monday during his official visit to Cyprus, expressing Cyprus' readiness to provide technical support to Montenegro as it aligns further with European standards....
https://knews.kathimerini.com.cy/en/news/keravnos-continues-to-call-on-banks-to-slash-interest-rates
Finance Minister, Makis Keravnos, called on local banks to slash interest rates, emphasizing the urgency for change in the financial landscape. Keravnos's remarks come just before the European Central Bank's Governing Council convenes,...
https://knews.kathimerini.com.cy/en/news/israeli-settler-defies-us-sanctions-gains-community-aid-to-access-frozen-funds
For weeks after being sanctioned by the United States, Yinon Levi struggled to pay the bills, living at his farming outpost atop a hill in the occupied West Bank. But the Israeli settler’s problems didn’t last....
https://knews.kathimerini.com.cy/en/news/cyprus-fm-in-cairo-to-strengthen-ties
The Minister of Foreign Affairs of Cyprus, Constantinos Kombos, is currently on an official working visit to Egypt. ...
https://knews.kathimerini.com.cy/en/news/tatar-affirms-growth-of-strong-turkish-presence-in-cyprus
The Turkish Cypriot leader, Ersin Tatar, asserted during a lecture titled "Lessons Learned from the May 27 Coup and the Peace Operation in Cyprus......
https://knews.kathimerini.com.cy/en/news/fti-bankruptcy-adds-to-woes-of-cyprus-tourism-sector
The recent bankruptcy of German tour operator FTI has sent ripples through the Cyprus tourism industry, highlighting both immediate concerns and long-term implications....
https://knews.kathimerini.com.cy/en/business/900-tourists-in-cyprus-affected-by-fti-group-bankruptcy
Around 900 tourists who purchased travel packages from the German-based FTI Group, which has recently filed for bankruptcy, are currently in Cyprus, Deputy Minister of Tourism Kostas Koumis said Tuesday....
https://knews.kathimerini.com.cy/en/business/cyprus-and-egypt-sign-agreement-to-employ-egyptian-workers
Cyprus and Egypt have signed a new agreement to help Egyptian workers find jobs in Cyprus. Cypriot Foreign Affairs Minister Constantinos Kombos and his Egyptian counterpart Sameh Shoukry signed the deal during Kombos' visit to Egypt on June 4-5....
https://knews.kathimerini.com.cy/en/business/unpaid-debts-from-fti-touristik-bankruptcy-threaten-cyprus-hotels
The European tourism market has been jolted by the bankruptcy of FTI Touristik, a major German travel organiser. ...
https://knews.kathimerini.com.cy/en/news/government-rejects-fti-group-s-bailout-plea-leading-to-bankruptcy
FTI Group, Europe’s third-largest travel provider, declared bankruptcy today following unsuccessful negotiations with the federal government, impacting 11,000 employees and tens of thousands of travelers currently on holiday or with future bookings....
https://knews.kathimerini.com.cy/en/news/dueling-visions-from-nicosia-s-mayoral-candidates
In the bustling streets of Nicosia, the race for mayoral office is heating up, with candidates Nikos Tornaritis and Charalambos Prountzos vying for the helm of Cyprus's capital city...
https://knews.kathimerini.com.cy/en/comment/opinion/christodoulides-offered-cyprus-on-a-silver-platter
''You can consider Cyprus as a member-state of the EU, as your ambassador in Brussels, and I look forward to our consultations so that we can further strengthen our relations,'' President Christodoulides said...
https://knews.kathimerini.com.cy/en/news/31-000-children-in-cyprus-below-poverty-line
The percentage of children at or below the poverty line in Cyprus stood at 18.1% in 2022, equivalent to around 31 thousand children according to Eurostat......
https://knews.kathimerini.com.cy/en/news/un-marks-first-international-day-of-potato
Today is the first UN International Day of Potato, an effort to celebrate and promote the potato's critical role in improving global nutrition, fighting hunger and poverty......
https://knews.kathimerini.com.cy/en/news/most-affordable-unleaded-95-prices-found-in-nicosia
Fuel prices have recently experienced a slight decrease, offering relief to consumers who have been grappling with consecutive price hikes, straining their wallets....
