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12° Nicosia,
02 October, 2022
 

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Displaying results 1-30 of 1043 matches for query Economy.

1. EU countries approve energy windfall levies, turn to gas price cap

https://knews.kathimerini.com.cy/en/news/eu-countries-approve-energy-windfall-levies-turn-to-gas-price-cap

European Union countries agreed on Friday to impose emergency levies on energy firms’ windfall profits and began talks on their next move to tackle Europe’s energy crunch – possibly a bloc-wide gas price cap....

2. Urgent bill on back burner as Lone Star sleeps on it

https://knews.kathimerini.com.cy/en/news/urgent-bill-on-back-burner-after-lone-star-sleeps-on-it

The Cypriot parliament was in no hurry on Thursday to vote on an emergency bill that would have allowed the government to block a potential takeover of the island’s largest bank, after an American private equity fund said it would sleep on it at least until next year. ...

3. UN's Stewart: The option of a mutually agreed solution is fading

https://knews.kathimerini.com.cy/en/news/un-s-stewart-the-option-of-a-mutually-agreed-solution-is-fading

"I am extremely concerned that the option of a mutually agreed settlement of the Cyprus problem, i.e. a formula for the reunification of the island acceptable to both sides, is fading and will not be available for much longer", UN Secretary General's Special Representative for Cyprus Colin Stewart says....

4. Finance Minister calls for prudency to safeguard economy

https://knews.kathimerini.com.cy/en/news/finance-minister-calls-for-prudency-to-safeguard-economy

Cypriot Minister of Finance Constantinos Petrides, stressed on Wednesday evening the need to be “even more careful” with the fiscal discipline in the new challenging era, while Central Bank Governor Constantinos Herodotou referred to the risk of new NPLs due to the challenging economic conditions....

5. Majority of tourists visiting Cyprus are no longer Russian

https://knews.kathimerini.com.cy/en/business/majority-of-tourists-visiting-cyprus-are-no-longer-russian

In June 2021 at the 43rd conference of the Pancyprian Hoteliers Association, it may have been the first time it was officially made clear that the markets of Russia and Britain will no longer be a one-way street for the Cypriot tourism industry....

6. Permits granted for 7,000 highly skilled workers from 3rd countries

https://knews.kathimerini.com.cy/en/business/permits-granted-for-7-000-highly-skilled-workers-from-3rd-countries

The policy of granting tax incentives to foreign technology companies is yielding results, Invest Cyprus Investment Promotion Agency Chairman Evgenios Evgeniou said, stressing that 7,000 work permits have been approved this year for highly skilled individuals who chose to work in Cyprus....

7. Cypriot businesses face serious issues, but still expect to turn a profit

https://knews.kathimerini.com.cy/en/business/cypriot-businesses-face-serious-issues-but-still-expect-to-turn-a-profit

What are the main problems for Cypriot businesses (table) ...

8. Op-ed: Where will Turkey be in a year from now?

https://knews.kathimerini.com.cy/en/news/op-ed-where-will-turkey-be-in-a-year-from-now

The disputes with Greece will be useful ammunition for Turkish President Recep Tayyip Erdogan should he decide to manufacture a crisis that would divert attention away from his country’s economic disintegration. ...

9. Crucial countdown as Cyprus moves to block Lone Star

https://knews.kathimerini.com.cy/en/news/crucial-countdown-as-cyprus-moves-to-block-lone-star

Private equity firm Lone Star has until Friday to submit a binding offer to buy the Bank of Cyprus, but the island’s largest financial institution could be out of reach as the House is expected one day earlier to vote on a bill that would authorize the government to block a hostile takeover on security grounds...

10. 'Vision 2035': The long-term strategy for the Cypriot economy

https://knews.kathimerini.com.cy/en/news/vision-2035-the-long-term-strategy-for-the-cypriot-economy

"Cyprus should be one of the best places in the world to live, work and be active" is the vision on the basis of which the Cyprus Economy and Competitiveness Council presented the new Long-Term Strategy for the sustainable development of the Cypriot economy to the Parliamentary Committee on Financial and Budgetary Affairs, on Monday....

11. ECOMMBX opens new horizons enabled by its new banking agreement with Citi

https://knews.kathimerini.com.cy/en/business/ecommbx-opens-new-horizons-enabled-by-its-new-banking-agreement-with-citi

ECOMMBX, a progressive Electronic Money Institution based in Nicosia, proudly announces that it has concluded a correspondent banking agreement with Citi, the world’s most global bank. This new collaboration delivers a range of benefits for both ECOMMBX as well as Cyprus, as a jurisdiction....

12. Iran: Pro-regime marchers calling for execution of protesters

https://knews.kathimerini.com.cy/en/news/iran-pro-regime-marchers-calling-for-execution-of-protesters

State-organized demonstrations took place in several Iranian cities on Friday to counter anti-government protests triggered by the death of a woman in police custody, with some marchers calling for the execution of rioters....

13. Cyprus highly innovative compared to other EU countries

https://knews.kathimerini.com.cy/en/business/cyprus-highly-innovative-compared-to-other-eu-countries

Cyprus has achieved the biggest improvement in the field of innovation at the European level since 2015, according to the annual report of the European Innovation Scoreboard 2022 of the European Commission....

14. Building defense, innovation and a better future for our children

https://knews.kathimerini.com.cy/en/news/building-defense-innovation-and-a-better-future-for-our-children

Candidates for the presidential elections that will take place in February 2023 continue their pre-election campaign with meetings, events and announcements on various issues....

15. Self-employed more at risk of poverty in Cyprus and EU in 2021

https://knews.kathimerini.com.cy/en/business/self-employed-more-at-risk-of-poverty-in-cyprus-and-eu-in-2021

In 2021, almost a quarter (23.6%) of all self-employed people aged 18 years and over in the EU were at risk of poverty and social exclusion....

16. Israel puts two states back on the table

https://knews.kathimerini.com.cy/en/news/israel-puts-two-states-back-on-the-table

Israeli Prime Minister Yair Lapid called on Thursday for a two-state solution to decades of Israeli-Palestinian conflict and reasserted that Israel would do 'whatever it takes' to stop Iran from developing a nuclear bomb...

17. Ask WiRE Index: Apartments lead the way in sale and rent price hikes in Q2

https://knews.kathimerini.com.cy/en/news/ask-wire-index-apartments-lead-the-way-in-sale-and-rent-price-hikes-in-q2

Ask WiRE, a company combining real estate know-how with technology has published its Q2 2022 edition of the Ask WiRE Index for property sale and rental values. The Ask WiRE Index covers all districts and main property types, with values from Q4 2009....

18. The price increase of halloumi is justified, Minister of Agriculture says

https://knews.kathimerini.com.cy/en/business/the-price-increase-of-halloumi-is-justified-minister-of-agriculture-says

The slight increase recorded in the price of the halloumi cheese is justified, Minister of Agriculture Costas Kadis said on Thursday....

19. EY Cyprus to present findings of 2nd ΕΥ Attractiveness Survey at Cyprus Attractiveness Forum: Investment Realized on 25 October

https://knews.kathimerini.com.cy/en/business/ey-cyprus-to-present-findings-of-2nd-ey-attractiveness-survey-at-cyprus-attractiveness-forum-investment-realized-on-25-october

EY Cyprus is proud to present the findings of the second edition of the EY Attractiveness Survey Cyprus 2022, during its flagship event, Cyprus Attractiveness Forum: Investment Realized 2022 on 25 October 2022 at Parklane Hotel, Limassol....

20. Erdogan convenes meeting to discuss sanctions on Russia in possible turnaround

https://knews.kathimerini.com.cy/en/news/erdogan-convenes-meeting-to-discuss-sanctions-on-russia-in-possible-turnaround

Turkish President Tayyip Erdogan will convene a top-tier economy-focused meeting on Friday at which Russian payment system Mir and possible Western sanctions will be discussed, two sources with information on the matter told Reuters....

21. Nouris: More foreign companies setting up shop in Cyprus

https://knews.kathimerini.com.cy/en/business/nouris-more-foreign-companies-setting-up-shop-in-cyprus

The adoption of the New Strategy for Attracting Business and Talent has led to an impressive increase in interest from foreign companies to establish their presence in Cyprus, ...

22. Op-ed: A cat has nine lives. So does the Cyprus property market.

https://knews.kathimerini.com.cy/en/news/op-ed-a-cat-has-nine-lives-so-does-the-cyprus-property-market

Where is the Cyprus property market heading? I have been asked this question countless times over the past three months, primarily from foreign investors who are trying to appreciate how the rise in inflation, increase in interest rates, and war in Ukraine is affecting local market dynamics....

23. Two Turkish banks suspend Russian Mir payments after U.S. sanctions

https://knews.kathimerini.com.cy/en/news/two-turkish-banks-suspend-russian-mir-payments-after-u-s-sanctions

Turkish lenders Isbank and Denizbank have suspended the use of the Russian payment system Mir, the banks said on Monday, following a U.S. crackdown on those accused of helping Moscow skirt sanctions over the war in Ukraine....

24. The economy and Turkey's East Med push dominated candidate's talking points this week

https://knews.kathimerini.com.cy/en/news/the-economy-and-turkey-s-east-med-push-dominated-candidate-s-talking-points-this-week

The development of the economy, the basic positions of the Committee of Occupied Municipalities on the Cyprus problem and Turkey's activities in the Eastern Mediterranean are the main talking points of the presidential candidates this week....

25. Ayia Napa Marina welcomes the SUPER CRUISE SHIP ''Rhapsody of the Seas''

https://knews.kathimerini.com.cy/en/business/ayia-napa-marina-welcomes-the-super-cruise-ship-rhapsody-of-the-seas

Ayia Napa Marina has proudly welcomed its first SUPER CRUISE SHIP ''Rhapsody of the Seas'', following the first cruise ship to anchor at the marina on 29 May. ...

26. Profits of €55.4 million in first half of 2022 for Hellenic Bank

https://knews.kathimerini.com.cy/en/business/profits-of-€55-4-million-in-first-half-of-2022-for-hellenic-bank

Hellenic Bank reported a profit of EUR 55.4 million for the first half of 2022, compared to a profit of EUR 21 million in the corresponding half of 2021....

27. FT: The Bank of Cyprus/Lone Star deal is not just about price

https://knews.kathimerini.com.cy/en/news/ft-the-bank-of-cyprus-lone-star-deal-is-not-just-about-price

Cyprus has attracted a different sort of visitor recently. US buyout group Lone Star has taken an interest in Bank of Cyprus, the island nation’s largest lender....

28. Construction materials recorded an annual increase of 16.69% in August

https://knews.kathimerini.com.cy/en/business/construction-materials-recorded-an-annual-increase-of-16-69-in-august

The Construction Materials Price Index increased by 16.69% in August 2022 compared to August 2021....

29. Tourist arrivals up by 40%, most on holiday

https://knews.kathimerini.com.cy/en/news/tourist-arrivals-up-by-40-most-on-holiday

Tourist arrivals increased by 40.2% in August 2022, rising to 451,133 compared to 321,858 in August 2021....

30. Only PDO halloumi available in the market from today

https://knews.kathimerini.com.cy/en/news/only-pdo-halloumi-available-in-the-market-from-today

As of today, inspectors from the Ministry of Agriculture have started inspections in supermarkets and store refrigerators to remove non-PDO branded halloumi products....

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