https://knews.kathimerini.com.cy/en/business/150-increase-in-foreign-direct-investment-600-increase-in-the-technology-sector
Cyprus is ranked 18 among other countries in attracting foreign direct investment, as reported in the seventh edition of the Greenfield FDI Performance Index of the FDI Intelligence for 2021, going up by 50 places compared to 2020....
https://knews.kathimerini.com.cy/en/news/rejected-estia-applications-to-be-re-examined-upon-appeal
The number of applications approved for participation in the Restructuring Scheme “Estia” has increased, reaching 1,049. At the same time, appeals for 881 applications that were denied will be re-examined compared to only 543 last March....
https://knews.kathimerini.com.cy/en/business/ecb-hikes-up-interest-rates-75-basis-points-to-1-25
The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday and signalled further hikes, prioritising the fight against inflation even as the bloc's economy is heading for a likely winter recession....
https://knews.kathimerini.com.cy/en/business/employment-and-working-hours-up-compared-to-last-year
Employment in Cyprus increased by 1.9% in the second quarter of 2022, in comparison to the corresponding quarter of the previous year, reaching 458,706 persons. However, actual working hours increased by 5.2% in the same period and are estimated at 207,154 thousand, according to data published by the Statistical Service....
https://knews.kathimerini.com.cy/en/news/cypriot-airlines-dismiss-rumors-of-post-pandemic-ripple-effect
Airlines operating out of the Republic of Cyprus reportedly have denied rumors that they could be going under, following trouble with Romanian Blue Air and a Bloomberg report warning about the island’s two carriers...
https://knews.kathimerini.com.cy/en/business/banks-imposing-stricter-lending-standards
Cyprus banks have tightened credit standards in the second quarter of 2022, while net new lending demand subsided, reflecting the geopolitical tensions and the uncertainty in the global economic environment, the Central Bank of Cyprus Bank Lending Survey for Q2 says....
https://knews.kathimerini.com.cy/en/business/euro-dollar-exchange-falls-to-a-20-year-low
The escalation of the energy crisis with Moscow's aggressive, albeit predictable, decision to close the Nord Stream 1 pipeline indefinitely has led to a new fall in the euro, this time below 99 cents on the dollar....
https://knews.kathimerini.com.cy/en/news/britain-s-new-pm-draws-scathing-reaction-from-moscow
Liz Truss will replace Boris Johnson as Britain's prime minister on Tuesday, after Russian politicians and media lined up on Monday predicting her ascent to power would do nothing to improve dire relations.
...
https://knews.kathimerini.com.cy/en/news/liz-truss-becomes-britain-new-pm-after-johnson-fallout
Liz Truss will become Britain's next prime minister after winning a leadership race for the governing Conservative Party on Monday, vowing to press ahead with promised tax cuts and action to tackle the deepening energy and cost of living crisis....
https://knews.kathimerini.com.cy/en/news/presidential-candidates-on-the-move-as-campaign-heats-up
The presidential election campaign trail over the weekend ended with the Cyprus Green Party deciding next month on the name of the presidential candidate it will support. ...
https://knews.kathimerini.com.cy/en/news/metsola-europe-s-bloc-is-made-stronger-by-the-discovery-of-so-much-natural-gas-in-your-country
In anticipation of Roberta Metsola's visit to Cyprus on September 9th, Kathimerini's George Kakouris sits down with the European Parliament President and gets her take on the Cyprus problem, recently discovered natural gas reserves and the issue behind Cyprus' "golden passport" scandal....
https://knews.kathimerini.com.cy/en/news/russia-says-no-to-oil-price-caps-warns-of-cut-off
The Kremlin said on Friday that Russia would stop selling oil to countries that impose price caps on Russia's energy resources - caps that Moscow said would lead to significant destabilization of the global oil market....
https://knews.kathimerini.com.cy/en/news/inflation-hits-8-9-in-august
Inflation in August 2022 increased by 8.9% in Cyprus, according to data published by the Statistical Service of Cyprus on Friday. The Consumer Price Index decreased by 0.29 units and reached 113.34 units, compared to 113.63 units in July 2022, with the drop in petroleum product prices being mainly responsible for the decrease....
https://knews.kathimerini.com.cy/en/business/100-000-workers-to-benefit-from-established-minimum-wage
The introduction of the national minimum wage in Cyprus, which will affect the salaries of almost 100 thousand workers from the beginning of 2023, has turned into a game of nerves but with an almost happy ending....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-announces-€50m-net-profit-in-first-half-of-2022
Bank of Cyprus announced a profit after tax amounting to €50 million for the first half of 2022, setting its sights on dividend distribution in 2023, for the first time since 2011, depending on market conditions and regulatory approvals....
https://knews.kathimerini.com.cy/en/news/cyprus-minimum-wage-set-at-940-euros-per-month
The Minister of Labour and Social Insurance, Kyriakos Kousios, announced the establishment of the National Minimum Wage after the meeting of the Council of Ministers, calling it a historic day for the welfare state....
https://knews.kathimerini.com.cy/en/news/gorbachev-who-steered-soviet-breakup-dead-at-91
Mikhail Gorbachev, who set out to revitalize the Soviet Union but ended up unleashing forces that led to the collapse of communism, the breakup of the state and the end of the Cold War, died Tuesday. The last Soviet leader was 91...
https://knews.kathimerini.com.cy/en/news/cypriot-economic-sentiment-at-17-month-low
The economic sentiment in Cyprus deteriorated in August to a 17-month low, as the Economic Sentiment Indicator (ESI-CypERC) decreased by 4.5 points compared with July 2022....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-penalizing-russia
The parallels between the Baltic countries' strategy towards Russia and the Cyprus strategy, so to speak, towards Turkey, seem easy (and are an official line of the Cypriot Foreign Ministry, which has instructed its diplomats to link the ongoing Russian invasion with the Turkish invasion)....
https://knews.kathimerini.com.cy/en/news/veterinary-medicine-program-now-being-offered-at-the-university-of-nicosia
Do you want to study in one of the most rapidly evolving sectors of the global market, offering you the opportunity to either be self-employed, work in a large organization, or dedicate yourself to the field of research while contributing to the development of scientific innovation and progress?...
https://knews.kathimerini.com.cy/en/news/us-ambassador-makes-case-for-unity-against-russia
The American ambassador in Nicosia praised the Republic of Cyprus over the weekend for endorsing sanctions against Russia, saying broad support for Ukraine shows unity among allies, but a proposed visa ban on Russians still remains a controversial issue as EU foreign ministers meet this week...
https://knews.kathimerini.com.cy/en/news/cyprus-scrambles-to-block-hostile-takeover-of-bank
The government in the Republic of Cyprus is racing against the clock to arm itself with legal tools to prevent a takeover of the country’s biggest bank by an American private equity firm, which has until next month to submit a final offer that some shareholders may find hard to resist...
https://knews.kathimerini.com.cy/en/news/greek-cypriots-bring-in-millions-in-food-and-fuel-purchases-says-t-c-newspaper
Turkish Cypriot newspaper "Kibris" claims that thousands of Greek Cypriots visit the occupied territories every day to shop for fuel and food, which, thanks to the exchange rate, is much cheaper than in the controlled areas of the Republic....
https://knews.kathimerini.com.cy/en/news/what-is-causing-the-unexpected-drop-in-global-food-prices
Six months after Russia's invasion of Ukraine, the inflationary shock is still causing a "headache" for markets, government staff and households, with the price of natural gas hitting new record levels yesterday....
https://knews.kathimerini.com.cy/en/news/euro-at-new-20-year-low-against-the-us-dollar
The euro slipped to a new twenty-year low due to fears of increased inflationary pressures and an impending recession in Europe as a result of the energy crisis....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-turkey-must-behave-as-a-nato-ally
Senator Bob Menendez, chair of the United States Senate Committee on Foreign Relations, calls for more steps to deepen the multidimensional relationship between Greece and the US, from defense and security to emerging technologies, the digital economy, the maritime industry and commercial shipping....
https://knews.kathimerini.com.cy/en/news/cabinet-extends-disbursement-period-of-interest-rate-subsidy-scheme
The Cabinet decided Monday to amend the interest rate subsidy scheme for housing and corporate loans to further support the economy amid the ongoing effects of the COVID-19 pandemic and the war in Ukraine....
https://knews.kathimerini.com.cy/en/news/cyprus-opposes-ban-on-russian-tourist-visas
Cyprus opposes a ban on tourist visas for Russian citizens, the Permanent Secretary of the Ministry of Foreign Affairs, Kornelios Korneliou, said with regards to a proposal expected to be put forward by Baltic countries during the informal Council of EU Foreign Ministers (Gymnich) in Prague....
https://knews.kathimerini.com.cy/en/news/sleepy-greek-port-becomes-us-arms-hub
But the sleepy port of Alexandroupoli in northeastern Greece has taken on a central role in increasing the US military presence in Eastern Europe to contain Russian aggression. That flow has angered not only Russia but also neighboring Turkey, underlining how war in Ukraine is reshaping Europe’s economic and diplomatic relationships....
https://knews.kathimerini.com.cy/en/news/cyprus-unemployment-rate-at-6-8-in-2nd-quarter-of-2022
The unemployment rate in Cyprus was 6.8% of the labor force in the 2nd quarter of 2022, recording a decrease of 1.6% compared to the corresponding quarter of 2021....
