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12° Nicosia,
17 June, 2024
 

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Displaying results 1-30 of 2291 matches for query Economy.

1. Ministry probes public works tenders from 10 years ago

https://knews.kathimerini.com.cy/en/business/ministry-probes-public-works-tenders-from-10-years-ago

A report by Apostolos Tomaras in this Sunday's Kathimerini delves into how Cyprus is grappling with significant issues in its public construction projects, like the renovation of Larnaca's port, which have faced major delays and complications....

2. Job vacancies in Cyprus increase by 7.3% in Q1 of 2024

https://knews.kathimerini.com.cy/en/news/job-vacancies-in-cyprus-increase-by-7-3-in-q1-of-2024

Job vacancies in Cyprus rose by an annual 7.3% in the first quarter of 2024 whereas they rose by almost 10% compared with the fourth quarter of 2023....

3. €102.3M spent on 275,000 people trained on 30,500 programs

https://knews.kathimerini.com.cy/en/news/€102-3m-spent-on-275-000-people-trained-on-30-500-programs

In the last five years, 275,000 people participated in 30,500 training programmes of the Human Resource Development Authority of Cyprus (HRDA) and the total expenditure reached to 102.3 million euro,...

4. Banks blame high interest rates for decline of new loans

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. ...

5. Agency reports strong start to 2024, continues paying off state debt

https://knews.kathimerini.com.cy/en/news/agency-reports-strong-start-to-2024-continues-paying-off-state-debt

KEDIPES, Cyprus' state-owned asset management agency, announced a €144 million cash inflow for the first quarter of 2024. The agency also made a €140 million repayment to the state, bringing the total repayment to €1.3 billion since it started in September 2018....

6. CBC chief warns: Tax on big profits could hurt economy

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,...

7. Cyprus faces market uncertainties as exit plans delayed again

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. ...

8. 153,000 people struggle with low incomes and high living costs

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....

9. Eurobank boosts stake in Hellenic Bank with over 500,000 shares

https://knews.kathimerini.com.cy/en/business/eurobank-boosts-stake-in-hellenic-bank-with-over-500-000-shares

Eurobank has acquired 503,934 more shares in Hellenic Bank, for the cost of €1.29 mn, increasing its share at 55.42%....

10. Cyprus trade deficit shrinks by €708 million

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....

11. Fitch upgrades Cyprus to 'BBB+'

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....

12. Cyprus inflation could offset ECB rate cut benefits

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. ...

13. Keravnos continues to call on banks to slash interest rates

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,...

14. Damiani expands global presence with first boutique in Cyprus

https://knews.kathimerini.com.cy/en/news/damiani-expands-global-presence-with-first-boutique-in-cyprus

The Italian luxury jewelry group Damiani is celebrating its centenary this year, marking a century of excellence in goldsmithing, diamonds, gems, and pearls. ...

15. Unemployment in Cyprus hits record low in May

https://knews.kathimerini.com.cy/en/business/unemployment-in-cyprus-hits-record-low-in-may

The downward trend in Cyprus' registered unemployment continued in May 2024, reaching historically low levels, according to data released by the Statistical Service of Cyprus on Wednesday....

16. Eurobank takes control with 55.3% share in Hellenic Bank

https://knews.kathimerini.com.cy/en/news/eurobank-takes-control-with-55-3-share-in-hellenic-bank

The European Central Bank (ECB) has given its approval for Eurobank to acquire a majority stake of over 50% in Hellenic Bank, marking a significant milestone in the banking landscape of Cyprus....

17. FTI bankruptcy adds to woes of Cyprus tourism sector

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....

18. Banks record fewer bounced checks in May

https://knews.kathimerini.com.cy/en/business/banks-record-fewer-bounced-checks-in-may

The number of bounced checks in Cyprus saw a significant drop in May 2024 compared to the same month last year, according to data released by the Central Bank of Cyprus on Tuesday....

19. Election outcome to shape futures of Demetriou and Stefanou

https://knews.kathimerini.com.cy/en/news/election-outcome-to-shape-futures-of-demetriou-and-stefanou

June 9 is a night when all election battle scenarios, based on the polls, are possible. It is quite likely that there will be a close contest between the Democratic......

20. Unpaid debts from FTI Touristik bankruptcy threaten Cyprus hotels

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. ...

21. Government rejects FTI Group's bailout plea, leading to bankruptcy

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....

22. The top 25 airlines soaring above the rest

https://knews.kathimerini.com.cy/en/business/the-top-25-airlines-soaring-above-the-rest

Qatar Airways has reclaimed its position as the world's best airline, according to AirlineRatings.com, after briefly slipping to second place in 2023. ...

23. Government clears €564.2 million in outstanding debts

https://knews.kathimerini.com.cy/en/news/government-clears-€564-2-million-in-outstanding-debts

The General Accounting Office of the Republic announced that a significant sum of €564.2 million has been cleared by the government from November 2013 to April 2024. This extensive effort aims to address outstanding debts owed to various government departments and agencies....

24. Vafeades confirms Qatar’s interest in Larnaca Marina development

https://knews.kathimerini.com.cy/en/news/vafeades-confirms-qatar-s-interest-in-larnaca-marina-development

Transport Minister Alexis Vafeades announced on Thursday that Qatar and other international investors have shown interest in the development of Larnaca Port and Marina. ...

25. CBC reports €209.1M increase in deposits for April

https://knews.kathimerini.com.cy/en/news/cbc-reports-€209-1m-increase-in-deposits-for-april

Total deposits have recorded a monthly rise for the third consecutive month in April, as total loans dropped after two months of growth....

26. Shipping minister to address European Maritime Day

https://knews.kathimerini.com.cy/en/news/shipping-minister-to-address-european-maritime-day

Cyprus Shipping Deputy Minister Marina Hadjimanolis, departs on Wednesday for Svendborg, Denmark to attend the European Maritime Day EMD 2024 Conference between 30-31 May....

27. Most affordable unleaded 95 prices found in Nicosia

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....

28. Cyprus non-performing loans drop to lowest level in years

https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-non-performing-loans-drop-to-lowest-level-in-years

Total non-performing loans (NPLs) to banks have dropped below €2 billion, specifically to €1.9 billion. ...

29. Cyprus wins IMF praise for strong recovery

https://knews.kathimerini.com.cy/en/news/cyprus-wins-imf-praise-for-strong-recovery

The International Monetary Fund (IMF) has praised Cyprus for its robust economic recovery and fiscal discipline, recommending continued efforts......

30. ECB to implement first interest rate cut

https://knews.kathimerini.com.cy/en/news/ecb-to-implement-first-interest-rate-cut

The European Central Bank (ECB) is poised to execute its much-anticipated rate cut, scheduled to take effect on Thursday, June 6, 2024....

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