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12° Nicosia,
04 February, 2023
 

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Displaying results 1-30 of 1253 matches for query Economy.

1. Cyprus at the crossroads

https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-at-the-crossroads

South African citizens/voters had two choices in deciding their country's future in 1990. The first option was to maintain the status quo, which would have resulted in a major civil war that would have destroyed the country and resulted in many deaths....

2. Registered unemployed increased by 8.6%

https://knews.kathimerini.com.cy/en/news/registered-unemployed-increased-by-8-6

The unemployed persons registered at the District Labour Offices recorded an increase of 8.6% in January 2023, compared to January 2022, reaching 16,758 persons, according to data published by the Statistical Service on Friday....

3. Interest rates in Cyprus continues its steady rise

https://knews.kathimerini.com.cy/en/news/interest-rates-in-cyprus-continues-its-steady-rise

Interest rates in the Cypriot banking system continued rising in December in the context of the ECB’s monetary normalization policy to tackle high inflation....

4. Half a billion euro investment in digital transformation

https://knews.kathimerini.com.cy/en/news/half-a-billion-euro-investment-in-digital-transformation

Over the next five years, a little more than half a billion euros (€512 million) will be set aside for digital transformation. ...

5. The new president and finance minister will face new challenges

https://knews.kathimerini.com.cy/en/news/the-new-president-and-finance-minister-will-face-new-challenges

We are only a few days away from voting for the new President of the Republic. ...

6. Averof Neofytou speaks to Oriana Papantoniou on 'Diaspora News'

https://knews.kathimerini.com.cy/en/news/averof-neofytou-speaks-to-oriana-papantoniou-on-diaspora-news

The candidate for the Presidency of the Republic and President of DISY, Averof Neofytou, gave an interview with "SPOR FM 95.0" and the show "DIASPORA NEWS" with journalist Oriana Papantoniou at noon on Tuesday (31/01)....

7. Elections: The political 'crash test' in Brussels

https://knews.kathimerini.com.cy/en/news/elections-the-political-crash-test-in-brussels

In the interim between the two rounds of presidential elections, EU leaders will convene in Brussels for an extraordinary European Council on migration management and ensuring Europe's economic competitiveness. ...

8. Alpha Bank Cyprus Ltd: Mr. Miltos Michaelas as new CEO

https://knews.kathimerini.com.cy/en/business/alpha-bank-cyprus-ltd-mr-miltos-michaelas-as-new-ceo

The Board of Directors of Alpha Bank Cyprus Ltd, decided on the appointment of Mr. Miltos Michaelas to the position of CEO of Alpha Bank Cyprus Ltd....

9. CBC: Household debt at 77% of GDP

https://knews.kathimerini.com.cy/en/news/cbc-household-debt-at-77-of-gdp

The household debt ratio stood at 77% of the Gross Domestic Product (GDP) at the end of September 2022, marking a slight decrease compared to the previous quarter, due to the increase in GDP, according to data published by the Central Bank of Cyprus on its website on Tuesday, in the "Quarterly Financial Accounts" edition, for the reporting quarter ending September 2022. ...

10. A large number of foreclosure notices to be sent tomorrow

https://knews.kathimerini.com.cy/en/news/a-large-number-of-foreclosure-notices-to-be-sent-tomorrow

Today, Tuesday, January 31, 2023, marks the end of the most recent three-month suspension of divestments imposed by a resolution of the House of Representatives. ...

11. Guarantor wants off the hook over old bad loan

https://knews.kathimerini.com.cy/en/news/guarantor-wants-off-the-hook-over-old-bad-loan

Cyprus’ financial commissioner came to the rescue of a loan guarantor who says he should not have to pay anything because a former credit union had failed to send him default notices 'without delay' concerning non-payment by the primary beneficiary...

12. I don't want to live in half a country

https://knews.kathimerini.com.cy/en/comment/opinion/i-don-t-want-to-live-in-half-a-country

I was born a refugee, far from my birthplace. Half Kyrenian, half Famagustan. I adored my hometown despite never having lived there... I do not want to live in half a country, so the Cyprus issue is a major factor in my decision to support Averof Neofytou. But why is this so?...

13. Only one week left until the Cyprus presidential elections

https://knews.kathimerini.com.cy/en/news/only-one-week-left-until-the-cyprus-presidential-elections

With only one week until the February Presidential elections, candidates continued to deliver stump speeches at gatherings and meet with associations during the weekend. The issues they highlighted in their campaigns concerned issues in relation to the economy and the Cyprus problem, among others....

14. 113.7% increase in counterfeit euro banknotes in 2022

https://knews.kathimerini.com.cy/en/business/113-7-increase-in-counterfeit-euro-banknotes-in-2022

In 2022, 451 counterfeit euro banknotes were removed from circulation in Cyprus, an increase of 113.7 percent over the previous year....

15. Anastasiades inaugurates gas terminal in Vasiliko

https://knews.kathimerini.com.cy/en/news/anastasiades-inaugurates-gas-terminal-in-vasiliko

Today marks a historic milestone for the Larnaka region, President Nicos Anastasiades said, during the inauguration of the gas terminal of the VLPG consortium in the Vasiliko area....

16. Davos: WEF warns 'catastrophic cyber event' coming

https://knews.kathimerini.com.cy/en/business/davos-wef-warns-catastrophic-cyber-event-coming

The 2023 World Economic Forum (WEF) in Davos, Switzerland, has filled us with lots of uplifting predictions, like how companies will soon decode our brain waves. The latest warns of a global catastrophic cyber event in the very near future....

17. Petrol sales down by 7.5% in December 2022

https://knews.kathimerini.com.cy/en/news/petrol-sales-down-by-7-5-in-december-2022

Sales at petrol stations in December 2022 were down by 7.5% compared to December 2021, according to data released on Friday by the Cyprus Statistical Service....

18. Strike: Trade unions call for COLA agreement

https://knews.kathimerini.com.cy/en/business/strike-trade-unions-call-for-cola-agreement

Hundreds of workers gathered outside the Finance Ministry today calling for the full reinstatement of COLA (Cost of Living Allowance). ...

19. Paphos: Over 15 million euros in foreign investment in 2022

https://knews.kathimerini.com.cy/en/business/paphos-over-15-million-euros-in-foreign-investment-in-2022

According to the Paphos Chamber of Commerce and Industry, foreign investment in the city has surpassed €15 million. ...

20. The demand for new homes is dwindling

https://knews.kathimerini.com.cy/en/news/the-demand-for-new-homes-is-dwindling

The large investments and development projects mentioned by Minister of Transport and Works Yannis Karousos in his ministry's recent project presentation may have kept the construction and real estate sector afloat until 2022, but the industry still faces challenges....

21. Twenty two flights affected by Thursday's COLA strike

https://knews.kathimerini.com.cy/en/news/twenty-two-flights-affected-by-thursday-s-cola-strike

A total of 22 flights concerning both departures and arrivals from and to Cyprus’ two airports will be affected by the Cyprus-wide three-hour strike to be held tomorrow over the issue of the cost of living adjustment (COLA)....

22. Banks are revising lending rates

https://knews.kathimerini.com.cy/en/business/banks-are-revising-lending-rates

Cypriot banks are preparing new loan rates in an effort to redesign the pricing of loans. In the first half of 2023, Cypriot banks will see significant changes in the pricing of new loans, accompanied by increases in interest rates, ...

23. More people choose bankruptcy to get a second chance

https://knews.kathimerini.com.cy/en/news/more-people-choose-bankruptcy-to-get-a-second-chance

Bankruptcy applications, based on Law 4818/2021, are coming thick and fast from individuals with or without commercial activity, as they are unable to repay their debts to banks and insurance funds....

24. Kousios: Work accidents decreased by 7%

https://knews.kathimerini.com.cy/en/business/kousios-work-accidents-decreased-by-7

Through the policies implemented and through specific measures, we have managed in recent years to have a continuous decrease in work accidents, said the Minister of Labour and Social Insurance, Kyriakos Koushos, on Tuesday, noting that "this year the decrease is estimated to be around 7%."...

25. No more Fridays. 4-day work week on the rise

https://knews.kathimerini.com.cy/en/business/no-more-fridays-4-day-work-week-on-the-rise

The results are in: It's time for your company to stop working on Fridays (or Mondays)....

26. Royal Caribbean opens an office in Cyprus.

https://knews.kathimerini.com.cy/en/business/royal-caribbean-opens-an-office-in-cyprus

Royal Caribbean Group, a giant in the cruise sector, has announced the opening of an office in Cyprus within the first half of 2023. ...

27. Foreign trade increased significantly in first ten months of the 2022

https://knews.kathimerini.com.cy/en/business/foreign-trade-increased-significantly-in-first-ten-months-of-the-2022

Cyprus' foreign trade registered a significant increase in the first ten months of 2022, according to data released on Monday by the Statistical Service of Cyprus. The trade deficit also increased due to the great increase in imports....

28. Cypriot Fund 'ECM Partners' acquires Starbucks Cyprus and Greece

https://knews.kathimerini.com.cy/en/business/cypriot-fund-ecm-partners-acquires-starbucks-cyprus-and-greece

ECM Partners, a Cypriot-owned investment fund, is putting the finishing touches on a deal to acquire Starbucks in Greece and Cyprus....

29. Herodotou calls for increased vigilance to avert private debt defaults

https://knews.kathimerini.com.cy/en/business/herodotou-calls-for-increased-vigilance-to-avert-private-debt-defaults

Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) called for the preservation of fiscal space, as the economic prospects are deteriorating due to Russia’s war in Ukraine....

30. Averof Neofytou: 'Only those who agree with my positions will serve in my government'

https://knews.kathimerini.com.cy/en/news/averof-neofytou-only-those-who-agree-with-my-positions-can-serve-in-my-government

In an interview with K, DISY presidential candidate and president of DISY Averof Neofytou reiterated his position that if he loses the elections, resulting in a victory for Nikos Christodoulides,...

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