https://knews.kathimerini.com.cy/en/news/cyprus-supreme-court-to-rule-on-auditor-general-s-potential-dismissal
UPDATE: The Supreme Constitutional Court unanimously ruled Wednesday to suspend Auditor General Odysseus Michaelides, citing misconduct and incompetence....
https://knews.kathimerini.com.cy/en/news/russia-s-ongoing-efforts-to-undermine-elections-experts-warn
Russia has been actively working to influence democratic elections globally, according to Yulia Smirnova of the Berlin-based Center for Monitoring, Analysis, and Strategy....
https://knews.kathimerini.com.cy/en/news/millions-of-lego-pieces-lost-at-sea-still-turning-up-after-nearly-three-decades
On a rainy day in late June, marine biologist Hayley Hardstaff discovered a Lego dragon on Portwrinkle Beach in Cornwall, England. It was a black plastic piece missing its upper jaw, but to Hardstaff, it represented a small part of one of the strangest maritime incidents in history.
...
https://knews.kathimerini.com.cy/en/news/wizz-air-s-7-hour-flights-start-at-£89-if-you-re-up-for-a-squeeze
Ultra-low-cost carrier Wizz Air will maintain its no-frills offering even as it introduces longer flights, betting that passengers will "suffer the pain" for cheaper fares....
https://knews.kathimerini.com.cy/en/news/us-cyprus-defence-cooperation-sparks-turkish-backlash-as-un-pushes-for-peace
Turkey condemned the signing of a roadmap this week to enhance U.S.-Cyprus defense cooperation, citing concerns about the impact on peace efforts and regional security....
https://knews.kathimerini.com.cy/en/business/the-transformation-of-berengaria-hotel-in-prodromos-continues-an-overview-of-current-progress
The repair and renovation works at Cyprus’s most historic mountain resort, the Berengaria Hotel in Prodromos, are currently in full swing, led by the well-known residential and commercial developer BBF......
https://knews.kathimerini.com.cy/en/news/cyprus-homebuyers-favor-apartments
Homebuyers in Cyprus are showing a growing interest in buying apartments, according to a new report. ...
https://knews.kathimerini.com.cy/en/news/cyprus-sees-higher-borrowing-costs-lower-deposit-rates-in-july
Interest rates on consumer loans and mortgages in Cyprus increased in July, according to the Central Bank of Cyprus (CBC). The rate for consumer credit climbed to 6.67% from 6.18% in June, while the rate for home loans rose to 4.59% from 4.52%....
https://knews.kathimerini.com.cy/en/business/hellenic-bank-s-profits-surge-amid-higher-lending-rates
Hellenic Bank, Cyprus’ second-largest lender, has had a strong start to 2024, reporting a net profit of €189 million in the first half of the year—a solid 18% increase from last year. This boost in profit is mainly due to a 30% rise in interest income, driven by higher European Central Bank (ECB) interest rates....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-illusion-of-prosperity-as-unemployment-numbers-mask-realities
In its analysis, the Central Bank of Cyprus notes that in the first quarter of 2024, unemployment fell to 6%, the lowest level since 2009....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-report-€164-7-million-deposit-increase-in-july
Total deposits in Cyprus’ banks recorded a net increase of €164.7 million in July 2024, compared with a net decrease of €44.1 million in June 2024, according to figures released on Wednesday by the Central Bank of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/news/russian-industrial-giants-warn-of-bankruptcy-amid-sanctions-impact
More than 20 major Russian industrial companies, including those in the construction, automotive, and household appliance sectors, have warned they are on the brink of bankruptcy and could halt operations. In a letter to Anton Alikhanov......
https://knews.kathimerini.com.cy/en/news/limassol-port-welcomes-althaia-barge-pioneering-green-energy-for-ships
The docking of the Althaia barge was successfully completed on August 13th at the Port of Limassol, the Cyprus Marine and Maritime Institute (CMMI) said in a statement on Friday......
https://knews.kathimerini.com.cy/en/news/cypriot-banks-slash-eurosystem-funding-by-€2-6-billion
Cypriot banks have almost zeroed funding from the Eurosystem via the Targeted Long-Term Refinancing Operations (TLTRO), with the latest data by the Central Bank of Cyprus (CBC) showing repayments amounting to €2.6 billion....
https://knews.kathimerini.com.cy/en/business/record-6-6-million-passengers-from-january-to-july-2024
A total of 6.6 million passengers traveled through Cyprus' airports from January to July this year while according to Hermes Airports, passenger traffic in August is expected to surpass 1.5 million people....
https://knews.kathimerini.com.cy/en/news/u-s-embassy-honors-50th-anniversary-of-ambassador-davies-and-antoinette-varnava-s-deaths
The U.S. Embassy in Nicosia held a series of solemn ceremonies on Monday to commemorate the 50th anniversary of the deaths of Ambassador Rodger Davies and Cypriot Embassy employee Antoinette Varnava, who were killed on August 19, 1974, during a tumultuous period in Cyprus....
https://knews.kathimerini.com.cy/en/news/the-cypriot-hill-station
"Next Thursday, His Excellency the High Commissioner will depart from here with his family to go to his residence in Troodos for a vacation."(June 25, 1910). ...
https://knews.kathimerini.com.cy/en/news/sharp-increase-in-bounced-checks-for-july-2024
The Central Bank of Cyprus (CBC) has reported a notable increase in bounced checks for July 2024, according to preliminary data from the Central Information Register (CIR)....
https://knews.kathimerini.com.cy/en/business/trade-deficit-slashed-by-20-in-2024-amid-falling-imports
Cyprus saw its trade deficit shrink by over 20% in the first half of 2024, according to the latest data from the Statistical Service. The trade deficit, which is the difference between what the country imports and exports, fell to €3.57 billion, down from €4.48 billion during the same period in 2023....
https://knews.kathimerini.com.cy/en/news/uss-wasp-arrives-in-limassol-for-routine-port-visit
The USS Wasp (LHD 1), an amphibious assault ship with the 24th Marine Expeditionary Unit (MEU) Special Operations Capable (SOC), arrived in Limassol on August 8, 2024, for a scheduled port visit, the US Fleet Forces Command announced Thursday.
...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-sees-23-profit-growth-raises-financial-targets
The Bank of Cyprus has announced a 23% increase in its profit after tax for the first half of 2024, reaching €270 million, compared to the same period in 2023. ...
https://knews.kathimerini.com.cy/en/news/dubai-airport-breaks-record-with-44-9m-passengers-in-2024
Dubai International Airport has broken a passenger record for the first half of the year, handling 44.9 million travelers from January to June, an 8% increase from the 41.6 million recorded during the same period in 2023....
https://knews.kathimerini.com.cy/en/business/eurobank-completes-takeover-of-hellenic-bank
Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., has successfully completed its mandatory takeover bid for Hellenic Bank Public Company Limited. ...
https://knews.kathimerini.com.cy/en/news/controversy-as-2-7m-tourists-flock-to-occupied-cyprus
According to Halkin Sesi, citing data on tourism in the pseudo-state, the occupied territories in Cyprus saw an influx of 2.7 million third-country nationals in the first five months of 2024....
https://knews.kathimerini.com.cy/en/news/gesy-reserve-fund-soars-to-€590-million
The General Healthcare System (GESY) reserve fund remains high at approximately €590 million, exceeding international best practices......
https://knews.kathimerini.com.cy/en/comment/opinion/corruption-at-the-heart-of-the-cyprus-problem
Is there any doubt that corruption is a major reason why the Cyprus problem remains unresolved? A recent example is the Vasiliko case, the construction project of the ''Liquefied Natural Gas Storage and Regasification Terminal'' in Vasiliko....
https://knews.kathimerini.com.cy/en/news/cyprus-could-face-financial-strain-over-vasilikos-debacle
The abandonment of the Vasilikos terminal project by a Chinese consortium has triggered a cascade of financial and operational challenges for Cyprus, with substantial implications for state finances and energy infrastructure....
https://knews.kathimerini.com.cy/en/news/eurobank-cyprus-reports-€105-7m-net-profit-for-h1-2024
Eurobank Cyprus reported a net profit of €105.7 million for the first half of 2024, marking a 16% increase, or €14.9 million, compared to the same period in 2023....
https://knews.kathimerini.com.cy/en/news/cyprus-inflation-slows-in-july-after-three-months-of-rising-costs
Inflation in Cyprus took a breather in July after three months of climbing prices. According to new figures released by the Cyprus Statistical Service, the cost of living went up by 2.1% in July. ...
https://knews.kathimerini.com.cy/en/news/cyprus-sees-significant-uptick-in-new-loans
In June 2024, new loans in Cyprus substantially increased, reaching €330.6 million, up from €234.9 million in May. Data from the Central Bank of Cyprus (CBC) show that total new loans, which include both new and renegotiated contracts, climbed to €514.9 million from €391.6 million the previous month....
