https://knews.kathimerini.com.cy/en/business/surge-in-corporate-loans-despite-interest-rate-hike
The Central Bank of Cyprus has released its latest data revealing notable shifts in financial trends for May 2024. Despite a 0.52% uptick in lending rates for non-financial corporations borrowing amounts over €1 million, new loans to these entities surged by 10% compared to the previous month. ...
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/green-line-trade-and-crossings-surge-irregular-migration-declines
Trade and personal crossings across the Green Line in Cyprus saw significant increases in 2023, while irregular migration dropped by more than 50%, according to the annual European Commission report on the implementation of the Green Line Regulation published Thursday....
https://knews.kathimerini.com.cy/en/news/over-250-cases-of-infant-malnutrition-reported-at-gaza-hospital
The survival rate for newborn babies in Gaza is alarmingly low. At The Kamal Adwan hospital in northern Gaza, newborns, often premature, struggle to survive in the malnutrition ward....
https://knews.kathimerini.com.cy/en/news/cyprus-risks-losing-€657m-eu-grant-for-interconnector-project-says-energy-minister
Energy Minister George Papanastasiou expressed concerns over the potential withdrawal of a €657 million subsidy by the European Commission for the electricity interconnection project between Cyprus and Greece......
https://knews.kathimerini.com.cy/en/news/temu-shein-ali-express-eu-cracks-down-on-chinese-imports
The European Union is taking steps to clamp down on the surge of low-quality Chinese imports flooding its markets. According to sources speaking to the Financial Times, the EU plans to impose tariffs on cheap products from platforms like Temu, Shein, and AliExpress....
https://knews.kathimerini.com.cy/en/news/cyprus-trade-sector-sees-20-7-surge-in-2022-turnover
Turnover in the broad trade sector increased in 2022 by 20.7%, according to the results of the Wholesale and Retail Trade Survey, published by the Statistical Service on Wednesday....
https://knews.kathimerini.com.cy/en/news/politico-is-brexit-s-peak-over-uk-faces-calls-to-rejoin-eu
British voters are gearing up for their first post-EU general election this Thursday, marking a significant milestone since Brexit....
https://knews.kathimerini.com.cy/en/news/un-report-flags-rising-tensions-in-cyprus-buffer-zone
A new UN report by Secretary-General Antonio Guterres raises serious concerns about rising tensions in Cyprus, where actions by Greek Cypriot and Turkish Cypriot forces are undermining the authority of the United Nations Peacekeeping Force in Cyprus (UNFICYP)....
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/athens-warns-nicosia-to-reverse-delays-in-power-grid-project
The ambitious electricity interconnection project linking Cyprus with the European power grids through Greece faces significant hurdles as tensions rise between Athens and Nicosia....
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/news/councillor-pushes-for-better-support-of-foster-children
In a heartfelt discussion on SPOR FM's "Diaspora News," Fotini Tsiridou, a Limassol Councillor for the DISY, addressed the pressing issue of support for foster children as they transition into adulthood....
https://knews.kathimerini.com.cy/en/news/cyprus-tightens-laws-to-combat-illegal-employment
The Council of Ministers has approved three new bills aimed at cracking down on illegal and undeclared work....
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/news/cabinet-expands-subsidies-for-infertility-treatment
The Cyprus Cabinet has greenlit an amended plan that significantly enhances subsidies for infertility treatment, Health Minister Michael Damianos announced Tuesday....
https://knews.kathimerini.com.cy/en/news/tatar-and-stewart-confer-on-security-issues-in-cyprus-buffer-zone
The UN Secretary-General's Special Representative to Cyprus, Colin Stewart, expressed concern about the militarization of the buffer zone......
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/dust-heat-and-strong-winds-expected
The region is currently under the influence of seasonal low pressure, resulting in a mix of weather conditions....
https://knews.kathimerini.com.cy/en/news/president-announces-€10-million-boost-for-cyprus-tourism
President Nikos Christodoulides announced a €10 million increase in the 2025 budget for the Deputy Ministry of Tourism to enhance Cyprus's international promotion....
https://knews.kathimerini.com.cy/en/news/employee-earnings-in-cyprus-rise-by-5-7-in-early-2024
The average gross monthly earnings of employees in the first quarter of 2024 increased by 5.7%, reaching €2,378, compared to €2,251 in the same period of 2023, according to preliminary data from the Statistical Office....
https://knews.kathimerini.com.cy/en/news/european-commission-targets-tiger-mosquitoes-in-cyprus-with-€500-000-initiative
The European Commission announced on Friday a new initiative to eradicate Aedes aegypti mosquitoes in Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-pledges-€300k-to-enhance-missing-persons-efforts
The recruitment of eight new archaeologists and the purchase of an excavator is ensured by the funding contributed by the Republic of Cyprus to the Committee......
https://knews.kathimerini.com.cy/en/news/clear-skies-with-scorching-temperatures-ahead
A seasonal low-pressure system is impacting the region, bringing predominantly clear weather with some variations....
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/national-rally-wins-first-round-in-france-s-parliamentary-elections
In a decisive first round of voting, Marine Le Pen's far-right National Rally (RN) emerged as the front-runner in France's parliamentary elections......
https://knews.kathimerini.com.cy/en/news/new-era-in-cyprus-local-governance-begins-with-20-new-municipalities
Cyprus is undergoing a significant local government reform aimed at enhancing service quality, financial and administrative autonomy, and transparency. ...
https://knews.kathimerini.com.cy/en/news/tatar-to-discuss-new-crossing-with-un-in-london
The issue of opening a new crossing point in Mia Milia to enhance contact between the two communities will be raised at his 1 July meeting in London......
https://knews.kathimerini.com.cy/en/news/illegal-residency-soars-in-occupied-cyprus
The number of illegal residents in occupied Cyprus has surged to 83,000, marking a significant increase in undocumented individuals, according to data released by the "Ministry of Interior" and reported by Yeni Duzen newspaper....
