https://knews.kathimerini.com.cy/en/news/cyprus-airways-unveils-strategic-plans-new-routes
Cyprus Airways on Wednesday unveiled its five-year strategic plan announcing the expansion of is flight schedule to five new routes, namely Milan, Zurich, Prague, Basel, and Cairo...
https://knews.kathimerini.com.cy/en/news/power-cuts-averted-as-energy-grid-clash-rages-on
Electricity Authority of Cyprus (EAC) workers' unions announced the suspension of the measures scheduled for Wednesday, after an extraordinary meeting with the Minister of Labour and Social Insurance, Kyriakos Kousios and the agreement to arrange as soon as possible 'and in any case within the next week' a meeting with the Ministers of Energy and Finance on the issues of concern
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https://knews.kathimerini.com.cy/en/news/streptococcus-tests-imminent-decisions-from-the-meeting
A series of preventive measures to address and monitor the outbreak of streptococcal infections in Cyprus was announced on Monday by the Ministry of Health, in collaboration with the Paediatric Society of Cyprus....
https://knews.kathimerini.com.cy/en/news/the-2023-budget-in-the-vortex-of-the-elections
The government of President Anastasiades has just submitted its final budget, for 2023. DISY will undoubtedly support the budget, but it will be interesting to see what position it will take if and when the polls are confirmed....
https://knews.kathimerini.com.cy/en/business/cabinet-approves-vehicle-history-database
The Council of Ministers today approved an amendment to the Motor Vehicles and Traffic Movement Regulations that will create a database that will record the history of vehicles involved in accidents....
https://knews.kathimerini.com.cy/en/business/insurance-premiums-expected-to-rise-slightly
Inflation-related losses are also occurring for general insurance policies. Cyprus' insurance policies will specifically follow the broad pattern of other nations and other international insurance companies,...
https://knews.kathimerini.com.cy/en/news/g7-price-cap-on-russian-oil-kicks-in
The Group of Seven price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow's ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it has to cut production....
https://knews.kathimerini.com.cy/en/news/unemployment-rate-up-in-november
November saw a rise in unemployment on a monthly and yearly basis....
https://knews.kathimerini.com.cy/en/news/dept-of-labour-our-social-security-fund-is-sound
According to the Ministry of Labour and Social Insurance, the General Social Insurance Plan's most recent actuarial study shows that the amendments made up until 2012 ensure the long-term viability of the Social Insurance Fund and that,...
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-the-effects-of-global-warming-on-banks-and-insurance-companies
One of the last print editions of the Economist had the title ‘Say goodbye to 1.5° C’ which refers to the goal of limiting the increase in the average temperature of the planet to 1.5 degrees Celsius...
https://knews.kathimerini.com.cy/en/news/eu-struggles-with-russian-oil-price-cap
European Union governments remained split on Thursday over what level to cap Russian oil prices at to curb Moscow’s ability to pay for its war in Ukraine without causing a global oil supply shock, with more talks possible on Friday if positions converge...
https://knews.kathimerini.com.cy/en/news/menopause-drugs-could-now-be-covered-under-gesy
Following a proposal by MPs Charalambos Pazarou, Efthymios Diplarou, and Savia Orphanidou, the Parliamentary Health Committee today discussed the inclusion of medicines for the treatment of menopause symptoms in the General Health Insurance System (GESY) as well as the implementation of a menopause information campaign....
https://knews.kathimerini.com.cy/en/news/cancer-related-inequalities-among-member-states-must-be-eradicated
The European Commissioner for Health and Food Safety, Stella Kyriakidou, on Monday, referred to the importance of cooperation between all partners for the success of Europe's Beating Cancer Plan, stressing the need to eliminate "unacceptable" inequalities in prevention, treatment and care for cancer among EU member states....
https://knews.kathimerini.com.cy/en/business/400-500-hellenic-employees-to-be-made-redundant
On Monday, November 24th, 400–500 voluntary employees will depart Hellenic Launches; this will be the final shift provided by the bank....
https://knews.kathimerini.com.cy/en/news/health-minister-over-200-million-euros-spent-to-tackle-covid-pandemic
Health Minister, Michalis Hadjipantela, said on Monday that more than 200 million euros have been spent since 2020 to tackle the COVID-19 pandemic....
https://knews.kathimerini.com.cy/en/news/hadjipantelas-no-new-extension-for-doctors-outside-the-gesy
Health Minister Michael Hadjipantelas warned that if we are not careful, we could open a new can of worms by sneaking in the multi-insurance plan that no one wants. ...
https://knews.kathimerini.com.cy/en/business/unemployment-in-cyprus-up-by-1-9
Unemployment in Cyprus marked an annual increase in October of 1.9% according to the Statistical Service of the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/news/november-24th-d-day-for-non-gesy-doctors
The court's decision to deny the request for non-GESY doctors to continue providing services in GESY-affiliated private hospitals until the case is heard on the 24th of the month changes the facts....
https://knews.kathimerini.com.cy/en/news/private-health-insurance-coverage-declined-by-20-due-to-gesy
Predictions of a drop in private health insurance coverage following the implementation of the second phase of the General Health Plan were slow to emerge....
https://knews.kathimerini.com.cy/en/news/cyprus-hourly-labor-costs-in-2020-was-at-€18-10-with-some-exceptions
Based on the findings of the Labor Cost Survey (LCS) conducted by the Cyprus Statistical Service, the hourly labor cost was set at €18.10 with 2020 serving as the benchmark year....
https://knews.kathimerini.com.cy/en/news/household-debt-in-cyprus-was-81-of-gdp-in-june
Household debt stood at EUR 20.1 billion at the end of June 2022, with the relevant debt ratio standing at 81% of GDP, a slight decrease compared to the previous quarter due to GDP growth....
https://knews.kathimerini.com.cy/en/news/people-with-a-history-of-cancer-will-be-eligible-for-insurance-benefits
Following an agreement reached on Thursday afternoon and announced by Health Minister Michael Hadjipantelas, people with a history of cancer will now be able to receive benefits from insurance companies as of January 1, 2023....
https://knews.kathimerini.com.cy/en/news/online-voter-registration-app-for-2023-elections-opens-today
The online registration process for voters in Cyprus began on Thursday. The application was developed in cooperation with the Deputy Ministry of Research, Innovation and Digital Policy, in view of the February 2023 presidential elections....
https://knews.kathimerini.com.cy/en/news/unmarried-added-as-afterthought-in-paid-parental-leave-bill
Cypriot lawmakers this week criticized a bill on paid parental leave after it emerged that unmarried parents were not included in the legislation scheduled to go into effect before the year is out...
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/how-much-loan-can-a-couple-with-an-income-of-€2-000-get
Housing loans are an issue that inevitably affects a large number of young couples. Because housing prices have skyrocketed while wages have remained stagnant, the need for housing leads to borrowing....
https://knews.kathimerini.com.cy/en/news/house-scrambles-to-keep-ships-under-cyprus-flag
The House health committee in the Republic of Cyprus is scrambling to amend healthcare legislation in a race against the clock, following reports that ship owners are trying to take their business elsewhere to avoid having to pay GESY tax...
https://knews.kathimerini.com.cy/en/news/a-total-of-29-377-cypriots-have-long-covid
Data collected by the Long Covid Cyprus network of the Cyprus Federation of Patients' Associations from the Health Insurance Organisation showed that by the end of last month, a total of 29,377 people suffered from long covid symptoms....
https://knews.kathimerini.com.cy/en/news/eight-weeks-paid-parental-leave-approved-by-cabinet
A new bill on parental leave was approved on Tuesday by the Council of Ministers, which provides, among other things, eight weeks of paid parental leave for parents with children up to 8 years old....
https://knews.kathimerini.com.cy/en/business/global-fintech-market-resilient-in-h1-22-$107-8-billion-in-investment-according-to-kpmg-s-pulse-of-fintech
Global fintech investment declined from $111.2 billion in H2’21 to $107.8 billion in H1’22, but remained remarkably resilient compared to historical trends given the challenges affecting the broader investment market, including geopolitical uncertainty, growing inflation, and increasing interest rates. ...
