https://knews.kathimerini.com.cy/en/business/what-did-cypriot-consumers-purchase-in-2022
Cashless transactions have significantly increased since businesses are now required to accept credit or debit cards. Card payments now account for approximately 72% of all commercial transactions, rather than cash. ...
https://knews.kathimerini.com.cy/en/news/finance-ministry-cyprus-economy-will-not-enter-a-recession
There will be a significant slowdown in economic activity next year, we will be affected by increased energy prices and borrowing costs, but "inflation in Cyprus is being reined in at lower levels" compared to other European member states, ...
https://knews.kathimerini.com.cy/en/business/grant-johnson-city-of-dreams-mediterranean-will-be-the-game-changer-for-cyprus-hospitality-industry
The multi-themed City of Dreams Mediterranean resort in Limassol, which will include a luxury hotel, casino, entertainment and sports facilities, adventure park, shops and restaurants, among others, will begin operations in the second quarter of 2023. Grant Johnson, the General Manager of COD analyzes what exactly the City of Dreams Mediterranean will be, what it will offer to the tourism product of Cyprus, how it will strengthen the country's economy and its position as a popular tourist destination and at the same time he analyzes how this project will have significant benefits for the local community and its people. ...
https://knews.kathimerini.com.cy/en/business/unemployment-rises-to-6-8-in-third-quarter-of-2022
Unemployment in Cyprus in the third quarter of 2022 rose to 6.8% of the total workforce, compared with 6.6% in the respective period of last year, according to the Labour Force Survey, published by the Statistical Service of Cyprus (Cystat) on Thursday....
https://knews.kathimerini.com.cy/en/business/wolt-responds-to-their-delivery-personnel-strike
In recent hours, images of delivery people from a particular digital platform participating in a protest march have circulated online, raising questions about the organizational structure for delivery persons in the restaurant and digital product distribution industries. In this instance, it is Wolt employees. Akis Stamoulis, the company's communications manager, responded to "K's" specific questions....
https://knews.kathimerini.com.cy/en/business/kedipes-disburses-another-€80-million-to-the-state
The Board of Directors of the state-owned asset manager, KEDIPES, has decided to disburse another €80 million to state coffers for the fourth quarter of this year, with the amount paid to the state in 2022 reaching €310 million....
https://knews.kathimerini.com.cy/en/news/1-100-euro-rental-cap-on-thousands-of-homes-in-the-netherlands
The Dutch government will impose limits on rents for more than 300,000 homes in order to provide affordable housing in the face of a shortage in the country's housing problem....
https://knews.kathimerini.com.cy/en/news/cyprus-airways-unveils-strategic-plans-new-routes
Cyprus Airways on Wednesday unveiled its five-year strategic plan announcing the expansion of is flight schedule to five new routes, namely Milan, Zurich, Prague, Basel, and Cairo...
https://knews.kathimerini.com.cy/en/business/fewer-building-permits-were-registered-in-september-down-from-august
Building permits issued in Cyprus in September marked a new annual reduction with the construction sector negatively affected by spikes in construction costs, amid uncertainty generated by the war in Ukraine....
https://knews.kathimerini.com.cy/en/business/cyprus-retail-sector-continues-climb-despite-inflation
Black Friday, with its high levels of traffic and shopping, appears to have given way to the Christmas holiday season. The market is still moving well, with increased foot traffic in shopping malls and main streets....
https://knews.kathimerini.com.cy/en/news/solon-kassinis-has-died
Solon Kasinis, a former DISY MP, passed away today at the age of 70....
https://knews.kathimerini.com.cy/en/business/€36-million-loss-so-far-reported-by-banks-this-year
The banking system reported a loss after tax of €36 million on a consolidated basis in the first nine months of 2022, compared to a profit of €22.54 million in the corresponding period of 2021....
https://knews.kathimerini.com.cy/en/comment/opinion/november-s-real-estate-performance
The year is almost over, and we now have a good idea of how the real estate market performed in 2022. As we all know, the difficulties were and continue to be numerous....
https://knews.kathimerini.com.cy/en/business/trade-deficit-jumps-to-€6-17-billion-in-january-–-october-2022
Cyprus’ trade deficit jumped to €6.17 billion for the period from January to October 2022, surpassing the deficit for the full year 2022 amounting to €5.24 billion, amid price hikes mainly driven by the war in Ukraine....
https://knews.kathimerini.com.cy/en/business/leading-the-real-estate-industry-at-the-kebe-awards
This year we are very proud to announce that Pafilia‘s Managing Director was awarded Business Leader for the Construction, Property and Real Estate Sector....
https://knews.kathimerini.com.cy/en/news/prices-of-basic-consumer-goods-fluctuating-wildly
The average retail price levels in effect on December 7, 2022, compared to November 9, 2022, show that prices for basic consumer goods are staggering....
https://knews.kathimerini.com.cy/en/news/cypriot-parliament-approves-state-budget
The House of Representatives plenary approved the 2023 state budget on Thursday evening, the last to be tabled by the 10-year administration of Nicos Anastasiades...
https://knews.kathimerini.com.cy/en/news/risk-of-power-cuts-next-week
Due to a disagreement between the management of EAC and its employees, the nightmare of a power outage next week will return in December....
https://knews.kathimerini.com.cy/en/news/the-2023-budget-in-the-vortex-of-the-elections
The government of President Anastasiades has just submitted its final budget, for 2023. DISY will undoubtedly support the budget, but it will be interesting to see what position it will take if and when the polls are confirmed....
https://knews.kathimerini.com.cy/en/business/cbc-governor-any-recession-is-expected-to-be-mild-and-short-lived
Constantinos Herodotou, Governor of the Central Bank of Cyprus, talked about the ECB objective and actions to restore and stabilize inflation at 2% in the medium term and maintain financial stability, saying that any recession is expected to be mild and short....
https://knews.kathimerini.com.cy/en/business/tying-up-loose-ends-at-hellenic
Hellenic Bank experienced several changes in 2022, as it closed outstanding issues while also opening new chapters. Hellenic Bank made changes to its top management, staff, shareholding composition, and labor issues in the fourth quarter of 2022, ...
https://knews.kathimerini.com.cy/en/news/china-eases-its-zero-covid-policy-amid-protests
People in China with mild or asymptomatic coronavirus cases will be allowed to isolate at home, health officials said Wednesday, in a major step away from a strict “zero-Covid” strategy that has constrained daily life for almost three years and recently set off rare nationwide protests....
https://knews.kathimerini.com.cy/en/business/the-expansion-of-the-digital-economy-and-the-upcoming-exchange-of-information-and-tax-transparency-regimes
The exchange of information has been widely considered as a one of the most effective measures in tackling tax evasion and protecting the integrity of tax systems. ...
https://knews.kathimerini.com.cy/en/news/indonesia-unmarried-couples-could-face-jail-time-for-having-sex
The Indonesian parliament has unanimously approved strict new laws that will criminalize sex outside of marriage....
https://knews.kathimerini.com.cy/en/news/nicosia-stays-course-as-economic-growth-loses-steam
Cypriot public finances have improved due to increased growth, although they are expected to be adversely affected due to a projected slowdown in the next few months, according to the 13th Post-Programme Surveillance Report for Cyprus...
https://knews.kathimerini.com.cy/en/news/unemployment-rate-up-in-november
November saw a rise in unemployment on a monthly and yearly basis....
https://knews.kathimerini.com.cy/en/news/elections-president-touts-averof-s-role-in-government-s-success
The dilemma in view of the February 2023 elections is the continuation of stability or experimentation, President Anastasiades said on Saturday, as the presidential campaign continues....
https://knews.kathimerini.com.cy/en/news/paphos-to-become-a-smart-city-after-launch-of-digital-projects
Six smart and digital city projects implemented by the Municipality of Paphos were inaugurated on Thursday by Deputy Minister of Research, Innovation and Digital Policy Kyriakos Kokkinos....
https://knews.kathimerini.com.cy/en/news/eu-the-price-of-russian-oil-has-been-capped-at-$60
The European Union has agreed to cap the price of Russian seaborne oil at $60 per barrel, a Polish official stated....
https://knews.kathimerini.com.cy/en/business/ftx-style-crypto-crash-won-t-happen-in-europe
The cryptocurrency world is reeling after the collapse of crypto exchange FTX — but EU policymakers are patting themselves on the back....
