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12° Nicosia,
18 May, 2025
 

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Displaying results 1021-1050 of 2841 matches for query Economy.

1021. Cyprus' robust 11.8% surge in household spending defies EU norms

https://knews.kathimerini.com.cy/en/news/cyprus-robust-11-8-surge-in-household-spending-defies-eu-norms

In 2022, Cyprus experienced a notable 11.8% increase in household final consumption expenditure compared to the previous year, surpassing the EU's overall growth of 4.7%, as reported by Eurostat. ...

1022. Cyprus faces double-digit sanctions violations chaos

https://knews.kathimerini.com.cy/en/news/cyprus-faces-double-digit-sanctions-violations-chaos

Cyprus’ Law Office has received complaints on possible sanctions violations amounting to double-digits, Attorney-General George Savvides told a parliamentary committee which discussed the “Cyprus confidential” publication, involving millions of leaked files on financial transactions investigated by the International Consortium of Investigative Reporters (ICIJ)....

1023. Cyprus sees drop in savings to 6.5%, Eurostat highlights

https://knews.kathimerini.com.cy/en/news/cyprus-sees-drop-in-savings-to-6-5-eurostat-highlights

Saving rates were significantly lower than in 2021 (13.47 in Cyprus, 16.4% in the EU), and closer to the values before COVID-19 pandemic (5.8% in Cyprus and 12.3% in the EU in 2019)....

1024. Navigating 'Black Friday': Discounts vs. reality

https://knews.kathimerini.com.cy/en/business/navigating-black-friday-discounts-vs-reality

Discounts of a few euros, or even cents, are being advertised by electronics and appliance companies in anticipation of Black Friday. However, market activity does not seem to meet the expected levels for the Black Friday period, and it is certainly considerably lower compared to the peak observed in 2018 and 2019....

1025. Major players unveil ambitious plans for shopping malls in Limassol

https://knews.kathimerini.com.cy/en/business/major-players-unveil-ambitious-plans-for-shopping-malls-in-limassol

After Nicosia, the competition among shopping centers is shifting to the market in Limassol. The focus of the two strong players in the capital, Nicosia Mall (owned by Zorpa Group, PHC Group, Athienitis Group, and VLM Group) and Atterbury Europe (Mall of Cyprus), is set on their next investments in Limassol....

1026. Can Aphrodite field consortium seal the deal?

https://knews.kathimerini.com.cy/en/news/can-aphrodite-field-consortium-seal-the-deal

In a recent update on the Aphrodite field development, the Ministry of Energy has granted a seven-day extension until November 27 for the consortium to finalize an agreement with the government on the field's development plan....

1027. Cyprus gets BBB+ boost in latest ratings, but challenges persist

https://knews.kathimerini.com.cy/en/business/cyprus-gets-bbb-boost-in-latest-ratings-but-challenges-persist

The German Scope Ratings have given a positive sign for Cyprus by upgrading the country to BBB+ last Friday from the previous BBB while keeping the outlook of the economy stable. ...

1028. Parliament debates shops' opening hours

https://knews.kathimerini.com.cy/en/business/parliament-debates-shops-opening-hours

The talk about when shops should open is back, and this time, it's the Parliamentary Committee on Labour, Welfare, and Social Security discussing it. The Committee's head, Andros Kafkalias, thinks the government needs to set some rules on when shops can be open....

1029. Banks eye over 1 billion euro profits in 2023

https://knews.kathimerini.com.cy/en/news/banks-eye-over-1-billion-euro-profits-in-2023

Cypriot banks, including the Greek bank, are poised to rake in substantial profits for 2023, benefitting from the European Central Bank's interest rate hikes....

1030. Supermarkets in Spain take extreme measures to protect olive oil

https://knews.kathimerini.com.cy/en/news/supermarkets-in-spain-take-extreme-measures-to-protect-olive-oil

In Spain, the world's leading olive oil producer, supermarkets are resorting to extreme measures as the price of this liquid gold skyrockets. With some bottles reaching 14.5 euros, theft is on the rise, prompting anti-theft devices on olive oil shelves....

1031. Mayors take on eco-warriors in Akamas showdown

https://knews.kathimerini.com.cy/en/news/mayors-take-on-eco-warriors-in-akamas-showdown

In a heated dispute, the municipalities of Polis Chrysochous and Pegeia are vehemently protesting against the interference of various environmental organizations....

1032. Hellenic Bank rakes in €240.7M in 2023's first 9 months

https://knews.kathimerini.com.cy/en/news/hellenic-bank-rakes-in-€240-7m-in-2023-s-first-9-months

Hellenic Bank announced on Tuesday a profit of €240.7 million for the first 9 months of 2023....

1033. November Newsletter of K. Treppides & Co Ltd: Financial Conduct Authority (FCA)

https://knews.kathimerini.com.cy/en/business/november-newsletter-of-k-treppides-co-ltd-financial-conduct-authority-fca

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...

1034. Nicosia's 'one-stop shop' sparks green line trade revolution

https://knews.kathimerini.com.cy/en/business/nicosia-s-one-stop-shop-sparks-green-line-trade-revolution

The European Commission has taken a significant step in facilitating cross-border trade with the introduction of the EU One Stop Shop (EU OSS) for Green Line trade, located in the vibrant city of Nicosia....

1035. Consumers asked to roll with it as toilet paper surges and fresh fish takes a dive

https://knews.kathimerini.com.cy/en/business/consumers-asked-to-roll-with-it-as-toilet-paper-surges-and-fresh-fish-takes-a-dive

In October, the cost of toilet paper surged by 17.4% compared to September, while fresh fish prices experienced a corresponding decrease of 17.4%, as per the Consumer Protection Agency's Consumer Price Watch report. ...

1036. Cyprus faces spike in economic uncertainty amidst regional conflict

https://knews.kathimerini.com.cy/en/news/cyprus-faces-spike-in-economic-uncertainty-amidst-regional-conflict

After a relatively stable six-month period, economic uncertainty in Cyprus experienced a notable surge in October, with the Economic Policy Uncertainty (EPU) index reaching an estimated 256.63, compared to its September value of 202.84....

1037. Creditors dispute foreclosure laws and strategic defaults

https://knews.kathimerini.com.cy/en/news/creditors-dispute-foreclosure-laws-and-strategic-defaults

Creditors reluctantly agree to extend the freeze on main residence foreclosures up to €350k, but tensions arise over proposed legislative changes....

1038. Cyprus eyes $1.22 billion for electric cars

https://knews.kathimerini.com.cy/en/news/cyprus-eyes-$1-22-billion-for-electric-cars

Cyprus is set to undergo a transformative phase with its revised Recovery and Resilience Plan, valued at $1.22 billion....

1039. Cyprus unveils bold housing policy boost

https://knews.kathimerini.com.cy/en/news/cyprus-unveils-bold-housing-policy-boost

In a strategic move to spur affordable housing development, the Cyprus government introduces a groundbreaking housing policy....

1040. Leaked documents expose payments of German journalist through Cyprus

https://knews.kathimerini.com.cy/en/business/leaked-documents-expose-payments-of-german-journalist-through-cyprus

In a joint investigation by Der Spiegel magazine and German public television ZDF, conducted in collaboration with the International Consortium of Investigative Journalists under the project ''Cyprus Confidential,''...

1041. Finance Minister perturbed over 'Cyprus Confidential'

https://knews.kathimerini.com.cy/en/news/finance-minister-perturbed-over-cyprus-confidential

Finance Minister Makis Keravnos expressed dismay over the revelations in ''Cyprus Confidential,'' emphasizing concerns about ongoing portrayals of Cyprus as a problematic financial and investment destination....

1042. DP World sets sail with 31 ships and 48,000 passengers

https://knews.kathimerini.com.cy/en/news/dp-world-sets-sail-with-31-ships-and-48-000-passengers

In a remarkable achievement, DP World Limassol experienced its highest monthly passenger traffic since assuming control of the terminal in 2017. October witnessed the arrival of 31 cruise ships, hosting a whopping 48,000 passengers, showcasing the port's growing significance in the cruise....

1043. Abraham’s Tinderbox

https://knews.kathimerini.com.cy/en/comment/opinion/abraham-s-tinderbox

I’ll begin by clearly condemning Hamas and its terrorist thugs and express grief at the horrors inflicted on innocent Israeli civilians on 7 October....

1044. Cyprus economy grows strong at 2.5% in Q3 2023

https://knews.kathimerini.com.cy/en/business/cyprus-economy-grows-strong-at-2-5-in-q3-2023

Good news for Cyprus! The country's economy had a solid growth spurt, reaching 2.5% in the third quarter of 2023. That's better than the same time last year. ...

1045. Nicosia Mall reveals ambitious plans for Limassol shopping center

https://knews.kathimerini.com.cy/en/business/nicosia-mall-reveals-ambitious-plans-for-limassol-shopping-center

In a recent announcement, Nicosia Mall disclosed its intentions for the forthcoming opening in Limassol. ...

1046. Michalis Persianis: 'The wet firecracker'

https://knews.kathimerini.com.cy/en/comment/opinion/michalis-persianis-the-wet-firecracker

The Cyprus Confidential revelations turned out to be a 'petard mouille', a wet firecracker failing to generate the anticipated excitement. This disappointment surpassed the one we experienced when we photographed accountants, politicians, lawyers, and bankers up to their chests while in the nude....

1047. Cyprus Confidential: A new stain on Cyprus' image

https://knews.kathimerini.com.cy/en/news/pwc-s-secret-dance-with-russian-oligarchs-revealed

Another episode is unfolding that stains Cyprus' name on a global scale. This time, it's not about the Naturalization Program or "golden passports" but centers on sanctions imposed on Russian oligarchs since Russia invaded Ukraine in February 2022....

1048. Cyprus Confidential unveils scandalous financial ties

https://knews.kathimerini.com.cy/en/news/cyprus-confidential-unveils-scandalous-financial-ties

The ICIJ investigation reveals that PwC Cyprus collaborated with at least 12 Russians under Western sanctions, aiding in wealth transfer during Russia's annexation of Crimea and the Donbass war....

1049. E-kalathi's game-changing bill on the house floor

https://knews.kathimerini.com.cy/en/news/e-kalathi-s-game-changing-bill-on-the-house-floor

Before the House Trade Committee, the bill proposing the creation of the e-kalathi electronic platform was revisited, with no external attendees. ...

1050. Cyprus gears up for ICIJ bombshell on Russian ties

https://knews.kathimerini.com.cy/en/news/cyprus-gears-up-for-icij-bombshell-on-russian-ties

The government is on high alert due to the announcement of a documentary by the ICIJ on the Cypriot Investment Program and its relations with Russian oligarchs....

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