https://knews.kathimerini.com.cy/en/news/first-lady-returns-to-foreign-affairs-duties-amid-allowance-controversy
First Lady Philippa Karsera-Christodoulides is set to return to her position at the Ministry of Foreign Affairs following the expiration of her unpaid leave granted after her husband, Nikos Christodoulides, was elected President of the Republic. ...
https://knews.kathimerini.com.cy/en/news/cyprus-falls-behind-on-eu-recovery-plan-meets-only-5-of-targets
In today's 'Oikonomiki', Panayiotis Rougalas reports that Cyprus has only achieved 5% of the milestones outlined in its Recovery and Resilience Plan (RRP), falling far behind other European Union countries in implementing reforms tied to the EU’s Next Generation funding program....
https://knews.kathimerini.com.cy/en/news/illegal-construction-raises-concerns-at-latchi-tourist-site
Authorities are grappling with a series of planning violations at a tourist complex in Latchi, Cyprus, being developed by Israeli interests....
https://knews.kathimerini.com.cy/en/news/julian-assange-set-to-testify-before-the-council-of-europe
Julian Assange will testify before the Council of Europe on October 1, a key moment in his ongoing fight for justice. The founder of WikiLeaks will speak to the Committee on Legal Affairs and Human Rights at the Palace of Europe, with the session set to take place from 8:30 a.m. to 10 a.m....
https://knews.kathimerini.com.cy/en/news/cypriot-loan-servicers-struggle-as-red-loans-hit-€21-2b
While non-performing loans (NPLs) in Cypriot banks are gradually declining, the situation remains dire for "red loans" held by loan acquisition companies, or "servicers." ...
https://knews.kathimerini.com.cy/en/news/eu-cuts-funds-to-hungary-over-unpaid-asylum-fine
The European Union has begun the process of reclaiming hundreds of millions of euros meant for Hungary after the country's government refused to pay a significant fine for violating the bloc’s asylum rules....
https://knews.kathimerini.com.cy/en/business/building-permits-surge-150-in-june-amid-major-reform
Building permits issued in Cyprus saw a massive 150% jump in June 2024 compared to the same month last year, as authorities worked to clear a backlog ahead of a major reform. ...
https://knews.kathimerini.com.cy/en/news/moody-s-sees-positive-outlook-for-hellenic-bank-following-eurobank-deal
Moody’s upgraded Hellenic Bank’s credit rating to Baa2 from Baa3 on Wednesday, citing the recent acquisition of a 56% stake by Eurobank S.A. The agency also revised the bank's outlook to positive.
...
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/decision-pending-on-auditor-general-s-fate
The Supreme Constitutional Court began its session at 9:30 p.m. on Wednesday to deliberate on Attorney General George Savvides' request for the dismissal of Auditor General Odysseas Michailidis over alleged "improper conduct."...
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/bank-of-cyprus-to-re-list-on-athens-exchange-after-seven-years
The Bank of Cyprus will re-list on the Athens Stock Exchange (ASE) after a seven-year absence, following the approval of two resolutions by shareholders at an Extraordinary General Meeting on September 13, 2024. ...
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/ecb-cuts-key-interest-rate-to-3-5-amid-slowing-inflation-and-growth-concerns
The European Central Bank (ECB) cut its key interest rate by 25 basis points to 3.5%, responding to slowing inflation in the Eurozone and concerns over weak growth. ...
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/news/harris-vs-trump-debate-sees-67m-viewers-surpassing-biden-event
An estimated 67.1 million people tuned in to watch the presidential debate between Kamala Harris and Donald Trump, marking a 31% increase from the June debate between Trump and President Joe Biden, which saw Biden withdraw from the 2024 race....
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/ecb-set-to-cut-key-interest-rate-by-0-25-in-upcoming-meeting
The European Central Bank (ECB) is expected to reduce its key interest rate by 0.25% on Thursday, according to most economists in Greece and the Eurozone....
https://knews.kathimerini.com.cy/en/business/harris-surges-in-polls-but-faces-key-test-in-first-debate-with-trump
The June 27 debate between President Joe Biden and former President Donald Trump marked a turning point in the race, leading to Biden's exit from the campaign on July 21. ...
https://knews.kathimerini.com.cy/en/news/hungary-offers-free-travel-to-brussels-for-migrants-in-response-to-eu-fines
Hungary’s government reaffirmed Friday its plan to offer asylum seekers free, one-way travel to Brussels, aiming to pressure the European Union to ease fines over Hungary's strict asylum policies.
...
https://knews.kathimerini.com.cy/en/comment/opinion/why-aren-t-cyprus-schools-using-digital-books
In recent days, there has been much discussion, particularly on social media, regarding our country's position on philagognosia (love of reading)....
https://knews.kathimerini.com.cy/en/news/supreme-court-to-rule-on-auditor-general-s-dismissal-on-september-18
The Supreme Constitutional Court is set to announce its decision on September 18 regarding the Attorney General's request to dismiss the Auditor General for alleged misconduct. ...
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/police-under-investigation-after-bulgarian-in-paphos-killed-and-emergency-calls-ignored
Authorities are pursuing disciplinary action against four police officers following the brutal murder of 41-year-old Petya Krateva from Bulgaria, a resident of Paphos, allegedly by her former husband....
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......
