https://knews.kathimerini.com.cy/en/news/anastasiades-travels-to-dubai-to-attend-expo-2020
Cyprus President, Nicos Anastasiades, travels to Dubai today accompanied by a large delegation for meetings and consultations aiming to strengthen bilateral cooperation between Cyprus and the United Arab Emirates (UAE). He will also visit Cyprus` kiosk at EXPO 2020, one of the biggest world exhibitions....
https://knews.kathimerini.com.cy/en/business/ec-approves-€6-13-million-cypriot-incentive-scheme-for-airlines-affected-by-pandemic
The European Commission has approved a €6.13 million Cypriot incentive scheme geared to support airlines affected by the coronavirus pandemic, having found it to be in line with the Temporary State Aid Framework of the EU....
https://knews.kathimerini.com.cy/en/news/larnaca-port-and-marina-will-upgrade-the-cypriot-economy-says-minister-of-transport
Minister of Transport, Communications and Works, Yiannis Karousos, said on Friday that the project of Larnaca port and marina will significantly reinforce the Cypriot economy, with the benefit estimated at 120 million euros per year....
https://knews.kathimerini.com.cy/en/news/8-9-million-to-help-cyprus-improve-waste-management
The EC is contributing 8.9 million euros to support a clean energy transition in Cyprus. ...
https://knews.kathimerini.com.cy/en/news/op-ed-a-new-strategy-for-immigration
The new strategy will combine the peculiarities of the Greek economy with the inviolable request to combat illegal immigration, by multiplying Greece’s cooperation with third countries...
https://knews.kathimerini.com.cy/en/news/subsidies-worth-€158-million-for-households-and-businesses-to-be-doled-out-in-2022
Grant schemes, worth €158 million, will be made available in 2022, Minister of Energy, Trade and Industry Natasa Pilides announced during an online workshop, on Wednesday, 16 February....
https://knews.kathimerini.com.cy/en/business/digital-ruble-trial-goes-live-as-bank-of-russia-insists-on-bitcoin-ban
Amid more reports on the Bank of Russia rejecting the Finance Ministry’s proposal of cryptocurrency regulation, the central bank has kicked off trials of its own digital currency....
https://knews.kathimerini.com.cy/en/business/alpha-bank-group-sells-€2-4-billion-npl-and-real-estate-portfolio-in-cyprus
Alpha Services and Holdings S.A. (together with its subsidiaries) has reached an agreement with an affiliate of Cerberus Capital Management, L.P. for the sale of a portfolio of Cypriot non-performing loans and real estate properties of a total gross book value of 2.4 billion euro....
https://knews.kathimerini.com.cy/en/news/cyprus-feels-the-need-to-transform-shipping-into-a-low-carbon-industry-says-president
As a leading maritime nation, Cyprus feels responsible to accelerate the transition of shipping to a low carbon and climate-resilient industry, President Nicos Anastasiades said on Friday, addressing the One Ocean Summit taking place in Brest, under the aegis of the EU French Presidency....
https://knews.kathimerini.com.cy/en/news/op-ed-russia-may-annex-one-third-of-ukraine
He knows Russia and Ukraine pretty well as he served as US ambassador to NATO in 2008-09 and US representative for Ukraine negotiations in 2017-19. ...
https://knews.kathimerini.com.cy/en/news/cyprus-categorized-as-a-flawed-democracy-according-to-a-report-in-the-economist
Cyprus not only remains in the category of a "flawed democracy", in The Economist's Democracy Index but ranked worse in 2021 compared to 2020.
...
https://knews.kathimerini.com.cy/en/news/total-vehicle-registrations-decline-sharply-in-january-2022
Total motor vehicle sales began the new year with a sharp decrease with total registrations in January 2022 dropping to 2,633 marking an annual drop of 23.3% compared with January 2021....
https://knews.kathimerini.com.cy/en/news/housing-projects-to-be-funded-from-casino-revenue
CLDC plans to build more than 800 housing units in the coming years, which will be allocated either through the affordable housing plan or through the new affordable rent plan for economically vulnerable households....
https://knews.kathimerini.com.cy/en/news/after-two-years-of-closed-borders-australia-welcomes-the-world-back
Australia said on Monday it will reopen its borders to vaccinated travelers this month, ending two years of misery for the tourism sector, reviving migration and injecting billions of dollars into the world No. 13 economy....
https://knews.kathimerini.com.cy/en/business/hermes-airports-signs-toulouse-declaration
Hermes Airports, the consortium that manages and controls the two international airports of the Republic of Cyprus, announced on Monday it has signed the Toulouse Declaration, which, it said, was reinforcing its commitment to a net-zero future....
https://knews.kathimerini.com.cy/en/news/op-ed-the-two-trends-for-working-time
In the discussion about the time we dedicate to our work, a turn of 180 degrees has taken place and this is mainly due to the pandemic....
https://knews.kathimerini.com.cy/en/news/emilianidou-pay-gap-between-men-and-women-has-sufficiently-declined
"Despite progress in reducing the pay gap between men and women in Cyprus, we are continuing efforts to reduce and eradicate the disparity," Minister of Labour, Welfare and Social Insurance Zeta Emilianidou said on the occasion of Equal Pay Day....
https://knews.kathimerini.com.cy/en/news/op-ed-it-s-not-the-pipeline-stupid
In 1992, the Clinton campaign adopted the tagline “It’s the economy, stupid” to identify the candidate’s signature issue....
https://knews.kathimerini.com.cy/en/news/inflation-in-cyprus-spikes-to-an-annual-5-4-in-january
January 2022 recorded a spike in Cyprus inflation, rising to 5.4%. At the same time, the Consumer Price Index (CPI) decreased by 0.53 units falling to 104.57, compared to 105.10 in December 2021, according to the Statistical Service of the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/business/interest-rates-on-corporate-deposits-are-at-a-new-low
Interest rates for corporate deposits fell to a new historical low, which in December 2021 stood at 0.02%, while the interest rate for household deposits remained unchanged at 0.06%....
https://knews.kathimerini.com.cy/en/business/shoes-made-from-coffee-grounds-and-recycled-plastic-bottles-are-not-only-waterproof-but-super-comfy
Your morning coffee could be used to make a pair of sneakers, a Finnish startup reveals. Rens makes new kicks from old coffee, cutting back on waste in terms of space in landfills and methane emissions....
https://knews.kathimerini.com.cy/en/business/pandemic-to-‘spell-end-of-tax-privileges-for-billionaires
Thomas Piketty is one of the most famous economists in the world. His weighty tomes on inequality and its dangerous consequences for global capitalism have been widely praised by other stars of the dismal science, like Paul Krugman and Robert Solow. ...
https://knews.kathimerini.com.cy/en/business/facebook-entrenching-greece-on-tech-map
The Facebook parent company, Meta Platforms, Inc, is reportedly in advanced discussions for the establishment of a Greek subsidiary, under whose umbrella international activities that are currently being implemented in other countries can be transferred....
https://knews.kathimerini.com.cy/en/business/cyprus-had-the-highest-stock-of-npls-in-eu-in-2020-eurostat-says
Cyprus remained the country with the highest stock of non-performing loans (assets) of the general government in 2020, according to data released by Eurostat, the statistical office of the European Union....
https://knews.kathimerini.com.cy/en/news/turk-sen-sixty-turkish-cypriots-have-been-employed-on-the-greek-cypriot-side
Sixty Turkish Cypriots who had initially applied for jobs in the free zones have already started working and another 40 will be employed on the Greek Cypriot side in the coming days, announced the president of the Turkish Cypriot union, Türk Sen....
https://knews.kathimerini.com.cy/en/business/imf-forecasts-for-global-recovery-reduced-to-4-4-for-2022
"The world economy is entering 2022 weaker than previously expected," the International Monetary Fund said in a statement on economic forecasts for the new year. Pandemic, inflation and climate crisis will determine global growth, according to a report by the International Monetary Fund (IMF)....
https://knews.kathimerini.com.cy/en/news/greek-cypriots-see-trojan-horse-in-ghost-town
Greek Cypriot officials in the south are calling once again on Varosha title deed holders to stay away from a “legal trap” in the north, pointing to Ottoman religious foundations officially acknowledged as interested parties by a commission that examines property claims in the divided island’s ghost town...
https://knews.kathimerini.com.cy/en/news/ukraine-crisis-biden-warns-russia-may-invade-next-month
US President Joe Biden has warned there is a "distinct possibility" Russia might invade Ukraine next month, the White House says....
https://knews.kathimerini.com.cy/en/news/subsidy-schemes-to-make-cyprus-one-of-the-top-30-tourism-destinations
The Deputy Ministry of Tourism on Friday presented 12 subsidy schemes aimed at making Cyprus one of the 30 countries with the most developed tourism in the world by helping local authorities, organizations and companies to improve their services and attract more visitors....
https://knews.kathimerini.com.cy/en/business/can-banking-institutions-unilaterally-impose-new-policies-on-clients-with-housing-loan-agreements
I have recently been dealing with a case where a banking institution in Cyprus has requested from the client to either repay his housing loan earlier or transfer his loan to another bank. ...
