https://knews.kathimerini.com.cy/en/business/moody-s-double-upgrade-ignites-investor-interest
Last Friday, Moody's delivered a double upgrade for Cyprus, propelling the nation into the investment-grade category recognized by all four major financial firms. Although these rankings may appear modest, their real-world impact is substantial....
https://knews.kathimerini.com.cy/en/news/island-braces-for-thunderstorms
The Meteorological Service has issued a yellow warning for today, effective from 10 AM until 6 PM, indicating potential weather disruptions on the horizon....
https://knews.kathimerini.com.cy/en/news/electricity-prices-surge-by-3-in-latest-billing-cycle
In a recent development, electricity prices have witnessed a notable uptick, surging by 3% when compared to the preceding month. Christina Papadopoulou, the spokesperson for EAC (the electricity authority), elucidated that a significant portion of this increase, amounting to 1.20%, is earmarked for third-party entities rather than being allocated to AHK....
https://knews.kathimerini.com.cy/en/news/health-minister-warns-of-24-increase-in-cancer-cases-by-2035
According to the Cancer Registry in Cyprus, we have about 4,000 new cases of cancer a year and ''if no decisive action is taken immediately, cancer cases are expected to increase by 24% by 2035, making it the leading cause of death in the EU'', said the Minister of Health, Popi Kanari, in her address at the First Oncology Forum held on Saturday by the Bank of Cyprus Oncology Centre....
https://knews.kathimerini.com.cy/en/news/violent-clashes-between-tenants-and-property-owners-as-rents-spike-700
A craftsman in Turkey, who has been diligently paying rent for two decades, now finds himself threatened with eviction due to an unexpected rent increase of nearly 700%. His monthly rent has surged from 3,200 Turkish lira (110 euros) to a staggering 25,000 lira (867 euros)....
https://knews.kathimerini.com.cy/en/news/25-new-asylum-examiners-to-speed-processing-and-deter-migrant-arrivals
The Asylum Service of Cyprus has taken a significant step to enhance the efficiency of processing asylum applications by appointing 25 additional asylum examiners, according to Minister of Interior Constantinos Ioannou....
https://knews.kathimerini.com.cy/en/news/e-kalathi-takes-on-soaring-fuel-and-food-prices
The ongoing debate within the House Commerce Committee regarding the Retail Price Recording and Monitoring Bill has become both tiresome and contentious....
https://knews.kathimerini.com.cy/en/news/french-ski-resort-shuts-down-forever
Due to the effects of global warming that have led to a lack of snow, a ski resort in the French Alps, La Sambuy, has decided to cease operations permanently....
https://knews.kathimerini.com.cy/en/business/cyprus-banks-net-interest-income-doubles-amid-ecb-rate-hikes
The Cypriot banking system's net interest income (NII) saw a remarkable doubling in the first half of 2023, marking an annual increase of 100%, primarily due to the ongoing rate hikes by the European Central Bank (ECB) aimed at tackling rising inflation....
https://knews.kathimerini.com.cy/en/news/15-4-spike-in-public-expenditure-for-2024
In the 2024 Budget, there's a notable rise of EUR 0.5 billion in public personnel expenditure. According to the Council of Ministers' approved budget table for 2024, this marks a substantial increase of 496 million euros. In terms of percentages, this surge amounts to 15.4% compared to the personnel expenditure allocated for the public sector in 2023....
https://knews.kathimerini.com.cy/en/news/california-boosts-minimum-wage-for-fast-food-workers-to-$20-per-hour
California is raising the minimum wage for fast food workers, marking a hard-won victory for those workers and union organizers....
https://knews.kathimerini.com.cy/en/news/ep-s-santos-urges-progress-on-cyprus-missing-persons
European Parliament's Standing Rapporteur for the missing persons in Cyprus, Isabel Santos, stressed on Thursday during a meeting she had with Turkish Cypriot leader, Ersin Tatar, the need to speed up the process for establishing the fate of missing persons....
https://knews.kathimerini.com.cy/en/news/electricity-bills-to-surge-by-4-56-due-to-soaring-fuel-costs
Households are set to face another financial hit as electricity bills are expected to increase by 4.56%, coinciding with a continued upward trend in energy costs....
https://knews.kathimerini.com.cy/en/news/transport-department-looking-for-solutions-to-unpaid-fines
In efforts to address unpaid fines stemming from the photo-identification system, the Department for Transport is exploring potential remedies....
https://knews.kathimerini.com.cy/en/news/cbc-governor-herodotou-reveals-breakthrough-in-digital-finance
The Central Bank of Cyprus has completed the tender for a new digital platform for customer compliance, said CBC Governor Constantinos Herodotou, speaking at an event organized by the Association of Cyprus Electronic Money and Payment Institutions, on Thursday afternoon....
https://knews.kathimerini.com.cy/en/news/skyline-set-to-sizzle-at-30°c
Today, Cyprus anticipates scattered showers along with varying temperatures across the island. The atmosphere will also experience sporadic dust concentrations....
https://knews.kathimerini.com.cy/en/news/unpredictable-conditions-ahead
The atmospheric drama unfolds over the Mediterranean, Cyprus finds itself under the influence of a weak low-pressure area....
https://knews.kathimerini.com.cy/en/news/august-2023-petroleum-sales-up-2-3
The total sales of petroleum products amounted to 124,832 tonnes in August 2023, recording an increase of 2.3% compared to August 2022, according to data published by the Statistical Service on Wednesday....
https://knews.kathimerini.com.cy/en/news/loans-gain-€8-5-million-momentum
Total loans in August recorded a net increase of €8.5 million, following a significant decrease of €100 million the previous month. Meanwhile, for a second consecutive month, deposits saw a net decrease, amounting to €175.5 million....
https://knews.kathimerini.com.cy/en/news/2024-budget-points-to-surplus-and-debt-reduction
The 2024 budget reflects the clear imprint of our policy priorities, President of the Republic Nikos Christodoulides says in a written statement, adding that the fiscal balance for 2024 is estimated to be surplus, reaching 2.2% of GDP, while the medium-term goal, by 2026, is to reduce public debt to 60%....
https://knews.kathimerini.com.cy/en/news/children-in-cyprus-in-jeopardy-as-31-000-at-risk-of-poverty
In 2022, 24.7% (almost 20 million) of the children (aged less than 18 years) in the EU were at risk of poverty or social exclusion, according to data released by Eurostat, the statistical service of the EU. In Cyprus, this percentage stood at 18.1% (about 31 thousand children)....
https://knews.kathimerini.com.cy/en/news/foreign-buyers-flock-to-cyprus-real-estate
Recent data on property sales in Cyprus reveal distinct trends in different provinces. Notably, the real estate landscape in Nicosia contrasts sharply with that of coastal provinces....
https://knews.kathimerini.com.cy/en/comment/opinion/from-fines-to-fine-lines
The face of the honorable Minister of Transport, Alexis Vafeadi, conveyed a different message compared to his statements before the Parliament's Transportation Committee....
https://knews.kathimerini.com.cy/en/news/supreme-court-rejects-president-s-referendum-on-turkish-cypriot-properties
In a significant ruling, the Supreme Constitutional Court, in its new composition, rejected the President's third referendum on the amendment law passed by the Parliament concerning Turkish Cypriot properties and the powers of the 'Guardian.'...
https://knews.kathimerini.com.cy/en/business/apartments-rule-but-prices-vary-by-province
According to Mr. Loizou of Ask Wire, the majority of Cyprus' population resides in apartments. Therefore, it comes as no surprise that among young buyers, typically around 30 years old, the most sought-after housing option is an apartment, particularly a two-bedroom one, whether for purchase or rent. However, the question arises: How do housing prices vary across different provinces?...
https://knews.kathimerini.com.cy/en/business/just-a-breath-away-from-a-new-tourism-record
Hermes Airports statistics reveal that August achieved an unprecedented milestone in air traffic, with a total of 1.516 million passengers. When examining this figure in terms of arrivals and tourist arrivals, it amounts to 511,387 arrivals. ...
https://knews.kathimerini.com.cy/en/news/president-biden-stands-with-striking-autoworkers-demanding-40-pay-raise
President Joe Biden on Tuesday joined a picket line with striking autoworkers in Michigan, supporting their call for a 40% pay raise and saying they deserve a "lot more" than they are getting....
https://knews.kathimerini.com.cy/en/news/weather-fluctuations-hit-cyprus
A prominent low-pressure system named "Elias" is currently centered in the southern Ionian Sea, and its effects are being felt across the Hellenic region. ...
https://knews.kathimerini.com.cy/en/news/keravnos-expects-more-from-banks-to-boost-cyprus-economy
The Cyprus economy has proven its resilience in recent years, Finance Minister Makis Keravnos said Tuesday at the 4th Conference "Banking System: New Challenges and Opportunities", that takes place in Nicosia, noting that there are still challenges that the banking sector must address....
https://knews.kathimerini.com.cy/en/business/techisland-summit-2023-cyprus-on-the-fast-track-of-becoming-a-tech-island
TechIsland held its annual TechIsland Summit within the framework of the Reflect Festival on 20 September 2023....
