https://knews.kathimerini.com.cy/en/business/ecb-raises-interest-rates-by-0-75
The European Central Bank recently decided to raise interest rates by 0.75%. This is the third consecutive increase (a 2% increase overall), and the base rate will now be 2%. The interest rate at which banks accept deposits has risen from 0.75% to 1.5%....
https://knews.kathimerini.com.cy/en/news/cyprus-s-economic-sentiment-improved-in-october-as-a-result-of-services-and-retail-trade
In October 2022, economic sentiment in Cyprus improved as the Economic Sentiment Indicator (ESI-CypERC) increased by 0.4 points compared with September 2022....
https://knews.kathimerini.com.cy/en/business/slight-decrease-of-tourist-beds-in-the-eu-in-2021-cyprus-remained-stable
According to data released by Eurostat, the EU's statistical service, the number of guest rooms in tourist accommodations across the EU decreased slightly in 2021 compared to 2019 but remained stable compared to 2020....
https://knews.kathimerini.com.cy/en/news/more-people-continue-to-seek-asylum-in-the-eu
A total of 66,545 first-time asylum applications for international protections were filed by non-EU citizens in the European states in July – 265 more than in the previous months, scoring an increase of 0.4 percent....
https://knews.kathimerini.com.cy/en/news/op-ed-wim-van-aken-talks-recession-and-the-predictions-for-cyprus
We are facing a double shock. First, we had the Covid-19 shock and now the global and European economies are facing a new shock with the war in Ukraine. Both events are unprecedented for many of us....
https://knews.kathimerini.com.cy/en/news/bank-deposits-climb-to-a-nine-year-high
Deposits in the Cypriot banking system climbed to a nine-year high in September, while total loans continued their downward path, declining in a five-month low, boosting liquidity in the system to over €23 billion....
https://knews.kathimerini.com.cy/en/news/cyprus-renews-vaccination-pitch-as-meps-jab-brussels
A Cypriot top health official told medical professionals over the weekend that the state’s vaccination committee was constantly updating its decisions as new data on COVID-19 jabs became available, but the comments stopped short of stating new policy as criticism towards Pharma and EU bosses is picking up steam...
https://knews.kathimerini.com.cy/en/business/workplace-accidents-decreased-in-2020-but-severity-of-nearly-50-not-specified
In 2020, almost 2.7 million non-fatal work accidents resulted in workers being absent from work for four days or more in the EU, while 3,355 work-related accidents were fatal, according to data released by Eurostat, the European Union’s statistical service....
https://knews.kathimerini.com.cy/en/news/cyprus-annual-inflation-rate-at-9-0-lower-than-eu-s-9-9
The euro area's annual inflation rate was 9.9% in September 2022, up from 9.1% in August and up from 3.4% a year earlier, according to figures published by Eurostat, the statistical office of the European Union....
https://knews.kathimerini.com.cy/en/news/which-products-were-most-affected-by-the-barrage-of-price-increases
Aside from fuel and electricity, shopping, particularly for necessities, is high on the list of concerns for all households. Prices in various product categories have risen, making life even more difficult for consumers, and the outlook is bleak at the moment....
https://knews.kathimerini.com.cy/en/news/cyprus-made-when-to-expect-the-branded-products
Local products can now be branded as Cypriot-made. After a year of work, consultations, and procedures, as well as research into international examples, a new brand name for Cypriot products has been developed: Cyprus Made - Unique by origin....
https://knews.kathimerini.com.cy/en/business/youth-unemployment-in-cyprus-in-2021-at-14-2-compared-to-13-across-the-eu
The youth (people aged 15–29 years) unemployment rate in the European Union fell to 13.0% in 2021, from 13.3% in 2020, according to data released by Eurostat, the statistical service of the European Union....
https://knews.kathimerini.com.cy/en/news/why-is-simple-so-complex-will-robots-take-over-my-job
This year's Digital Agenda Summit did not disappoint. Speakers from all parts descended on Nicosia to present their views on technology, AI, generation 'Z', our future work environment, the changes to our health management and where we are heading in the future....
https://knews.kathimerini.com.cy/en/business/consumers-preferred-plastic-money-over-cash-this-summer
Consumer card usage for purchases is still on the rise. The most recent JCC data, covering Q3 2022, reveals an increase in card usage in Cyprus for both Cypriot and foreign cards. ...
https://knews.kathimerini.com.cy/en/news/digital-controversies
The three front-runners for the presidency of the republic laid out their objectives and ideas for tackling various issues and the nation's shift to a digital economy....
https://knews.kathimerini.com.cy/en/news/cyprus-launches-common-label-to-better-market-products
The new label and logo 'Cyprus made, Unique by origin' were presented by Energy Minister Natasa Pilides on Monday during the opening of the Industry Week fair...
https://knews.kathimerini.com.cy/en/news/are-milk-meat-and-coffee-still-affordable
According to the Consumer Protection Service's Price Observatory, price increases of up to 21% and price decreases of up to 13% were observed between September 14 and October 12....
https://knews.kathimerini.com.cy/en/business/average-employee-gross-earnings-up-3-2-in-2021
The average gross monthly earnings of employees for 2021 increased by 3.2% compared to 2020 to €2,067, reaching a decade high....
https://knews.kathimerini.com.cy/en/news/imf-predicts-a-return-to-fiscal-surpluses-for-cyprus-following-the-pandemic
Cyprus’ public finances will return to surpluses in 2023 which will continue until 2027, the IMF said in its Fiscal Monitor 2022 issued on Wednesday....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-cyprus-is-bursting-like-a-fat-guy-out-of-his-leotard
Cyprus’ changing demographics are causing havoc to the real estate market, accentuating socio-economic imbalances and creating polarised communities. A bit dramatic? Let’s see....
https://knews.kathimerini.com.cy/en/news/ending-cyprus-energy-isolation
After the discovery of energy resources in the Cypriot EEZ, the start of construction of the Cyprus-Crete electricity cable can be considered a high point in Cyprus' energy affairs. For the first time in its history, the Republic of Cyprus will join Europe's energy system, with all that entails for the country's security....
https://knews.kathimerini.com.cy/en/news/0-4-increase-in-employment-in-september-2022
In September 2022 total government employment increased by 193 persons, or 0.4% in comparison to the corresponding month of 2021 and reached 52,601 persons, according to the Statistical Service of Cyprus. ...
https://knews.kathimerini.com.cy/en/news/americans-show-more-interest-in-greece-s-golden-visa-program
Americans’ interest in Greece’s Golden Visa program has marked a significant increase recently, according to the latest report of real estate experts Berkshire Hathaway HomeServices....
https://knews.kathimerini.com.cy/en/business/trade-deficit-increased-by-€1-5-bln-in-first-8-months-of-2022
The trade deficit increased by €1.5 billion in the period from January to August 2022, compared to the same period of 2021, according to provisional data issued by the Statistical Service of Cyprus for August 2022. The deficit was €5,120.1 million in January-August 2022, which increased from €3,587.5 in January-August 2021....
https://knews.kathimerini.com.cy/en/news/36-5-increase-of-permanent-residents-in-the-occupied-areas-since-2011
The online newspaper Ozyur Gazette reports, under the headline "Along with cultural erosion, the demographic structure is changing from day to day," that the number of people permanently residing in occupied territories has increased by 36.5 percent in ten years.
...
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-merchants-of-death
People trafficker. A profitable “profession.” A high-risk profession, of course, because the business may sink. In this case, literally. Then 18, 50, 100 lives could be lost, including small children....
https://knews.kathimerini.com.cy/en/business/the-ecb-s-next-steps-were-documented-in-limassol
The two-day conference of Central Bank Governors in Limassol is a strong contender to serve as the foundation for decisions on monetary policy and inflation strategy to be made in the coming period.
...
https://knews.kathimerini.com.cy/en/news/nouris-eu-should-sanction-countries-that-instrumentalize-migration
The EU should have concrete sanctions in place when there is proof that migrants are being instrumentalized, as in the case of Cyprus, Interior Minister Nicos Nouris said....
https://knews.kathimerini.com.cy/en/news/ticket-prices-to-athens-and-thessaloniki-are-skyrocketing-for-the-3-day-weekend
According to the Association of Travel Agents, travel demand has returned to 2019 levels, which is evidenced by the weekend of October 28....
https://knews.kathimerini.com.cy/en/news/eu-health-commissioner-defends-deal-on-older-vaccines
Health commissioner Stella Kyriakides went on Cypriot state radio on Monday calling on EU citizens to get vaccinated with booster shots already made available to member states, a position she defended amid growing social and scientific doubt about a procurement strategy that included cozy texts between pharmaceutical companies and the bloc’s executives...
