https://knews.kathimerini.com.cy/en/business/cyprus-shines-with-20-tourism-surge
In a burst of post-pandemic enthusiasm, Cyprus shines as the EU's tourism star, celebrating an impressive 20% surge in 2023 – a dazzling spectacle second only to a breathtaking fireworks display!...
https://knews.kathimerini.com.cy/en/news/european-data-shows-low-interest-payouts-by-cypriot-banks
Cypriot banks rank second to last among European banks in terms of paying interest on total household deposits, according to data released on Wednesday by the European Banking Authority (EBA), as part of its annual risk assessment of the European banking system....
https://knews.kathimerini.com.cy/en/news/cyprus-sees-drop-in-savings-to-6-5-eurostat-highlights
Saving rates were significantly lower than in 2021 (13.47 in Cyprus, 16.4% in the EU), and closer to the values before COVID-19 pandemic (5.8% in Cyprus and 12.3% in the EU in 2019)....
https://knews.kathimerini.com.cy/en/news/foreign-minister-urges-peace-in-israel-palestine-at-eu-council
Foreign Minister Constantinos Kombos stressed that there’s an urgent need for de-escalation and for the creation of the political horizon that will lead to a two state solution in Israel - Palestine, ahead of his participation in the Foreign Affairs Council of the EU being held in Luxembourg on Monday.
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https://knews.kathimerini.com.cy/en/news/cyprus-appeals-for-eu-coordination-on-refugee-challenges
Cyprus calls for coordinated action at the EU level to deal with a possible new influx of refugees as a result of the war between Hamas and Israel, Interior Minister, Constantinos Ioannou, said during the first day of the Justice and Home Affairs Council meeting in Luxembourg....
https://knews.kathimerini.com.cy/en/news/minister-highlights-success-in-reducing-migration-from-occupied-areas
Interior Minister Constantinos Ioannou welcomed the announcement of the EU’s Action Plan for the management of migration in the Eastern Mediterranean, ...
https://knews.kathimerini.com.cy/en/business/cyprus-and-croatia-forge-tax-treaty-for-business-growth
The Republic of Cyprus and the Republic of Croatia have inked a significant Agreement for the Elimination of Double Taxation during the ECOFIN meeting in Luxembourg. ...
https://knews.kathimerini.com.cy/en/news/eu-partners-bracing-for-interior-minister-s-warning-on-refugee-flows
Cyprus Minister of the Interior will express to his EU counterparts the deep worry about the possibility of increased flows of refugees from the conflict areas in the Eastern Mediterranean to the EU countries and particularly the frontline member states....
https://knews.kathimerini.com.cy/en/news/cyprus-secures-third-place-in-the-economist-economic-pentathlon
With three gold and two silver medals, Cyprus ranks third in The Economist’s economic pentathlon which has calculated how the 27 EU member states perform on the five major challenges facing them, namely demand/inflation, debt, demography, decarbonisation and decoupling from the world’s autocracies....
https://knews.kathimerini.com.cy/en/business/cyprus-welcomes-most-tourists-among-eu-countries-with-91-of-visitors-from-abroad
In 2022, the EU received 45.8% of all international tourism arrivals in the world, despite representing 3.0% of the world's land area and 5.6% of the world's population, according to the UN World Tourism Organisation (UNWTO) shared by Eurostat on the occasion of World Tourism Day (27 September)....
https://knews.kathimerini.com.cy/en/news/unprecedented-disasters-prompt-urgent-calls-for-risk-assessment-review
Unfortunately, this year has been a game changer in terms of risk prediction as the scale and impact of recent disasters has been unprecedented, Dr. George Boustras, ...
https://knews.kathimerini.com.cy/en/news/cyprus-among-worst-in-eu-for-keeping-homes-warm
Cyprus was the country with the second largest share of population declaring that they could not afford keeping their home adequately warm in 2022, according to data released by Eurostat, the statistical service of the EU....
https://knews.kathimerini.com.cy/en/news/cyprus-inflation-drops-from-10-6-to-2-4
The annual inflation rate in Cyprus was 2.4% in July 2023 (dropping from 2.8% in June 2023 and from 10.6% in July 2022), while also dropping to 5.3% in the eurozone (from 5.5% in June and 8.9% in July 2022), and to 6.1% in the EU (from 6.4% in June and 9.8% last year), according to figures published by Eurostat, the statistical office of the European Union....
https://knews.kathimerini.com.cy/en/business/sweet-success-as-cyprus-ice-cream-exports-trend-upward
Ice cream exports from Cyprus to non-EU countries have been increasing in the past four years, but remained far from quantities exported in previous years, while at the same time, imports from non-EU countries have been reducing, according to data released by Eurostat, the statistical service of the EU....
https://knews.kathimerini.com.cy/en/news/euroasia-interconnector-loan-denied-by-european-investment-bank
The European Investment Bank will not approve a loan for financing the electricity interconnection project between Cyprus, Greece, and Israel through the EuroAsia Interconnector, as confirmed by a representative from the EIB in an interview with "K" magazine....
https://knews.kathimerini.com.cy/en/news/cyprus-leads-the-way-in-eu-internet-accessibility
Recent statistics shared by Eurostat, the statistical service of the EU, highlight Cyprus as one of the countries with the lowest percentage of people unable to afford an internet connection in the EU....
https://knews.kathimerini.com.cy/en/news/where-cyprus-stands-in-eu-minimum-wage
The minimum wage in Cyprus is slightly lower than 1,000 euro per month since the country became the 22nd out of 27 EU member states to have instituted a national minimum wage on January 1st, 2023, according to data released by Eurostat, the statistical service of the EU, about the situation as it stood on July 1st....
https://knews.kathimerini.com.cy/en/news/women-take-the-lead-in-education-in-europe
Approximately 2.6 million tertiary students in the European Union were registered in 2021, studying in culture-related fields, constituting 14 percent of all tertiary students in the bloc....
https://knews.kathimerini.com.cy/en/news/cyprus-among-countries-with-lowest-food-deprivation-rates
Out of people that were at risk of poverty in Cyprus in 2022, 5.6% were unable to afford a meal containing meat, fish, or a vegetarian equivalent every second day (19.7% in the EU), which was an increase compared to the last year, according to data released by Eurostat, the statistical service of the EU....
https://knews.kathimerini.com.cy/en/business/eurobank-s-vision-controlling-hellenic-bank-and-conquering-new-markets
According to Bloomberg, Eurobank's deputy chief executive, managing director, and head of international operations, Stavros Ioannou, expressed the bank's desire to eventually gain full control of Hellenic Bank in Cyprus....
https://knews.kathimerini.com.cy/en/news/president-calls-for-migration-agreement-at-eu-summit
There should have been an agreement on migration during the European Council, Cyprus President Nikos Christodoulides said in his remarks after the second day of the summit on Friday and noted that during his intervention he stressed the need to announce an Action Plan for the Eastern Mediterranean as soon as possible....
https://knews.kathimerini.com.cy/en/news/european-stocks-rally-on-hope-of-interest-rate-peak
Eurozone inflation fell more than expected to 5.5 percent in June, its lowest rate since the start of last year, but a slight rebound in core consumer price growth tempered any relief for policymakers....
https://knews.kathimerini.com.cy/en/news/nicosia-reads-support-into-eu-council-draft
The inclusion of a specific reference to the Cyprus problem in the text of the conclusions of the forthcoming European Council reflects the support of the EU and partners to reunification efforts, Foreign Minister Constantinos Kombos said in a discussion on the preparation of the meeting, during the General Affairs Council held on Tuesday in Luxembourg...
https://knews.kathimerini.com.cy/en/news/nicosia-seeks-compromise-on-eu-pesticide-policy
The sustainable use of pesticide regulation in the EU will be among the topics discussed at the Agriculture and Fisheries Ministers Council, which is taking place in Luxembourg on June 26-27...
https://knews.kathimerini.com.cy/en/news/understanding-price-levels-in-cyprus-and-how-they-compare-to-the-eu-average
According to the latest data from Eurostat, the statistical service of the European Union, the price levels for household expenses in Cyprus were 91% of the EU average in 2022....
https://knews.kathimerini.com.cy/en/news/cypriot-house-speaker-slams-russian-invasion-of-ukraine
Cyprus’ full sympathy and support to the people of Ukraine, who are experiencing what the Cypriot people experienced, as a result of the Turkish invasion and occupation of the island by Turkey, was expressed by the President of the House Annita Demetriou, during the Conference of the Presidents of Parliaments of small European States...
https://knews.kathimerini.com.cy/en/news/house-speaker-pals-around-with-small-state-colleagues
House President Annita Demetriou participates in the 16th Conference of the Presidents of the Parliaments of Small European States which began on Monday in Luxembourg...
https://knews.kathimerini.com.cy/en/news/temporary-vat-reduction-on-essentials-estimated-at-€14-5-million
In the upcoming days, most likely early next week, a clearer picture is expected to emerge regarding the government's course of action on the reduced Value Added Tax (VAT) rate for fuel and electricity....
https://knews.kathimerini.com.cy/en/news/annual-inflation-drops-in-cyprus-eurozone-and-eu-compared-to-april
The annual inflation rate was 3.6% in Cyprus, 6.1% in the eurozone and 7.1% in the EU in May 2023, according to figures published by Eurostat, the statistical office of the European Union. ...
https://knews.kathimerini.com.cy/en/news/cyprus-calls-for-medicine-market-reform
Health Minister for Health Popi Kanari said that Cyprus is in favor of the creation of a single market for medicines, and highlighted the problems that Cyprus faces regarding medicine access as a small member state, during the second day of the Employment, Social Policy, Health and Consumer Affairs Council (EPSCO) of the EU, which was held on Tuesday in Luxembourg in its Health Ministers configuration....
