https://knews.kathimerini.com.cy/en/business/cyprus-boomed-in-2022-with-more-jobs-and-better-services
Cyprus saw a widespread boost in economic activity last year, according to the latest Services and Transport Survey by Cyprus' statistical agency....
https://knews.kathimerini.com.cy/en/news/tiny-proteins-in-liver-tumors-may-hold-key-to-new-cancer-vaccines
Scientists have made an exciting discovery that could lead to new cancer vaccines, according to a study published in the journal Science Advances....
https://knews.kathimerini.com.cy/en/business/land-of-tomorrow-set-to-transform-larnaca-s-coastline
The coastal community development project, ''Land of Tomorrow,'' is set to transform the industrial image of Dhekelia in Larnaca into a modern and sustainable urban environment. ...
https://knews.kathimerini.com.cy/en/news/cyprus-leads-eu-in-home-sales-by-31
Home sales in Cyprus surged by 31% in 2023 compared to the previous year, the highest increase among European Union countries, according to data released by Eurostat, the EU's statistical service....
https://knews.kathimerini.com.cy/en/news/government-charts-course-for-2025-budget-surplus
President Nikos Christodoulides announced during a Cabinet meeting on Monday that the government is on track to achieve a budget surplus for the fiscal year 2025....
https://knews.kathimerini.com.cy/en/business/ikea-to-open-store-on-new-york-s-chic-5th-ave
IKEA is set to open a new store in the heart of Manhattan's Fifth Avenue shopping district, serving as the prime anchor of a new office tower, the majority owner of IKEA stores announced Tuesday....
https://knews.kathimerini.com.cy/en/news/accurate-dating-of-kyrenia-shipwreck-confirmed
Using various lines of evidence researchers have determined that the Kyrenia shipwreck had been constructed between about 345-313 BC and sank between about 286-272 BC......
https://knews.kathimerini.com.cy/en/news/greece-bucks-trend-with-six-day-workweek
Greece has introduced a six-day working week for certain businesses in an effort to increase productivity and employment, according to a report by CNBC. ...
https://knews.kathimerini.com.cy/en/news/cbc-to-keep-dividends-low-despite-bank-profits
The increased profitability of Cypriot banks, will not affect the supervisory authorities’ views over the necessity to maintain a prudent policy with respect to banks’ dividend payments, the Central Bank of Cyprus said in its annual report for 2023, published on Wednesday....
https://knews.kathimerini.com.cy/en/news/younger-tourists-are-choosing-cyprus-in-the-winter
In a bid to extend Cyprus's tourism season, a recent survey commissioned by Hermes Airports highlights promising opportunities for bolstering winter tourism, according to a report by Pavlos Neophytos....
https://knews.kathimerini.com.cy/en/business/jumbo-to-open-second-store-in-nicosia-this-summer
Jumbo is set to open its second store in Nicosia and sixth in Cyprus, located in the former Stephanides Group headquarters near the Mall of Cyprus and IKEA in Strovolos....
https://knews.kathimerini.com.cy/en/business/astrobank-wins-international-recognition-for-the-second-consecutive-year
AstroBank has been named Best Private Bank – Cyprus by the Global Private Banking Innovation Awards 2024 for the second consecutive year.
...
https://knews.kathimerini.com.cy/en/news/ecb-concerned-over-cypriot-bank-profit-tax-proposal
In 2023, Cypriot banks reported unprecedented profits, marking a 15-year high, with projections suggesting even greater earnings in 2024....
https://knews.kathimerini.com.cy/en/news/fitch-elevates-hellenic-bank-s-credit-rating
Fitch Ratings has upgraded Hellenic Bank's Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+', with stable outlook and its Viability Rating (VR) to 'bbb-' from 'bb+'.
...
https://knews.kathimerini.com.cy/en/news/cyprus-higher-education-sees-doubling-of-student-enrollment-over-past-decade
Health Minister Michalis Damianos praised the dramatic growth of Cyprus' student population during a graduation ceremony at the University of Frederick in Nicosia on Friday....
https://knews.kathimerini.com.cy/en/news/is-larnaca-the-new-limassol
Larnaca is dynamically emerging as a key player in investments and major developments, making significant strides in recent years and capturing a new image....
https://knews.kathimerini.com.cy/en/news/ict-sector-powers-cyprus-economic-growth
Almost all of the productivity growth in Cyprus' economy over the past three years can be attributed to the Information and Communication Technology......
https://knews.kathimerini.com.cy/en/comment/opinion/rentals-rise-as-home-ownership-trends-change
Around 20-25 years ago, Cyprus was renowned for having one of the highest rates of home ownership globally, with figures nearly reaching 78% - 80%, as per the data available then....
https://knews.kathimerini.com.cy/en/news/wizz-air-announces-new-route-from-larnaca-to-milan-malpensa
Wizz Air, Europe’s fastest-growing and most environmentally sustainable airline, proudly announces today it will launch a new route from Larnaca to Milan, Italy this autumn....
https://knews.kathimerini.com.cy/en/news/cyprus-has-a-long-way-to-go-when-it-comes-to-ev-s
Cyprus lags behind the rest of the European Union in the adoption of battery electric vehicles (BEVs), according to data from the European Alternative Fuels Observatory (EAFO). While growth is noted and targets seem achievable, the country's rate of electric car use remains among the lowest in the EU....
https://knews.kathimerini.com.cy/en/news/paphos-hoteliers-face-mixed-bag-of-occupancy-rates-in-june
The hotel industry in Paphos province experienced a varied start to June, gradually improving as the month progressed, according to Euripides Loizides, President of the Paphos Hoteliers Association....
https://knews.kathimerini.com.cy/en/business/paphos-polis-road-project-faces-uncertain-future
The long-awaited road project connecting Paphos to Polis Chrysochous, which began in May 2021, faces significant delays and potential abandonment. ...
https://knews.kathimerini.com.cy/en/news/cyprus-to-inaugurate-space-research-and-innovation-centre
A significant milestone in space research and exploration will be marked on Wednesday with the inauguration of the Cyprus Space Research and Innovation Centre (C-SpaRC) in Nicosia. ...
https://knews.kathimerini.com.cy/en/news/enigmatic-4-000-year-old-building-found-on-crete
A big, round, 4,000-year-old stone building discovered on a Cretan hilltop is puzzling archaeologists and threatening to disrupt a major airport project on the Greek tourist island....
https://knews.kathimerini.com.cy/en/news/cyprus-and-us-tighten-ties-visa-free-travel-and-arms-deals-on-the-horizon
According to a report written by Yiannis Ioannou, the consolidation of Cyprus-US strategic cooperation and the conclusion of a strategic dialogue agreement have significantly deepened Cypriot-US relations at a critical time,...
https://knews.kathimerini.com.cy/en/news/standard-poor-s-upgrades-bank-of-cyprus-rating
Standard & Poor’s (S&P) has upgraded Bank of Cyprus’ long-term issuer rating to BB+, just one notch below investment-grade status, and assigned a positive outlook. This comes shortly after the upgrade of Cyprus’ long-term rating to BBB+, also with a positive outlook....
https://knews.kathimerini.com.cy/en/news/cyprus-to-sell-1-billion-bond-after-improved-credit-ratings
The Republic of Cyprus is expediting its return to the financial markets, seeking to leverage recent credit rating upgrades by Fitch and Standard & Poor's......
https://knews.kathimerini.com.cy/en/news/cbc-projects-3-gdp-growth-in-2024
The Central Bank of Cyprus has revised its 2024 forecast for GDP growth to 3%, from 2.8% that was expected last March, mainly due to the upward revision of domestic demand, while it maintained its forecast for growth in the years 2025 and 2026, at 3.1% and 3.2%, respectively....
https://knews.kathimerini.com.cy/en/news/cyprus-labour-costs-increase-by-4-9
Cyprus has reported a 4.9% rise in hourly labour costs (total cost) during the first quarter of 2024 compared to the same period last year, according to data released on Monday by the Statistical Service of Cyprus.
...
https://knews.kathimerini.com.cy/en/news/cyprus-eyes-market-return-with-ten-year-bond
Cyprus is gearing up to re-enter the financial markets in the near future to capitalize on the recent positive momentum bolstering its economy....
