https://knews.kathimerini.com.cy/en/news/new-law-marks-the-end-of-tourism-bureaucracy
The House voted this week to scrap the Cyprus Tourism Organisation (CTO), essentially transferring tourism responsibilities from a large bureaucracy to a leaner structure to boost flexibility and competitiveness...
https://knews.kathimerini.com.cy/en/news/government-exploring-ways-to-suspend-pension-cuts
The government is hoping that surpluses at the Single Social Security Entity (EFKA) will allow the non-implementation of pre-legislated pension cuts on January 1 next year....
https://knews.kathimerini.com.cy/en/news/debt-deal-exceeded-market-expectations-tsipras-says
Greek Prime Minister Alexis Tsipras on Friday hailed the Eurogroup debt deal for Greece during a televised exchange with President Prokopis Pavlopoulos, referring to a "historic" agreement that exceeded the expectations of the markets....
https://knews.kathimerini.com.cy/en/business/out-of-towner-supermarket-enters-nicosia-competition
Papantoniou Supermarkets is getting ready to set up shop in the middle of a tough competitive market in western Nicosia, where other giants also stake a claim, but there are still some permit hurdles for the out-of-town family...
https://knews.kathimerini.com.cy/en/news/cto-sees-tourism-potential-despite-russian-defect
The Cyprus Tourism Organisation says tourist arrivals are expected to rise in 2018 despite a drop in Russian visitors to the island, while the government is moving forward with new plans for tourism on the island...
https://knews.kathimerini.com.cy/en/news/north-korea-still-wants-to-talk-after-trump-nuked-summit
North Korea responded on Friday with measured tones to US President Donald Trump’s decision to call off a historic summit with leader Kim Jong Un scheduled for next month, saying Pyongyang hoped for a “Trump formula” to resolve the standoff over its nuclear weapons programme...
https://knews.kathimerini.com.cy/en/business/russian-dirty-money-flowing-through-london-damages-uk
Russian money hidden in British assets and laundered through City of London financial institutions damages the government’s efforts to take a tough stance against Moscow’s aggressive foreign policy, a committee of lawmakers said...
https://knews.kathimerini.com.cy/en/business/booing-cyprus-breaks-more-tourism-records
An influx of Russian and British tourists has helped Cyprus break more records for the number of arrivals this year...
https://knews.kathimerini.com.cy/en/life/netflix-s-next-act-feeding-the-service-with-its-own-movies
As Hollywood studios unleash their summer blockbusters into theatres, Netflix is trying to give film buffs a reason to stay home...
https://knews.kathimerini.com.cy/en/news/north-korea-reconsiders-summit-with-trump-puts-talks-on-ice
North Korea threw next month’s unprecedented summit between Kim Jong Un and Donald Trump into doubt, threatening weeks of diplomatic progress by saying it may reconsider if Washington insists on unilateral denuclearization...
https://knews.kathimerini.com.cy/en/business/bank-of-england-keeps-powder-dry-on-rate-rise
The Bank of England held interest rates and said weak growth during a snowy start to 2018 was likely to be only temporary, but it wanted to see a pick-up in the economy in the next few months before raising borrowing costs...
https://knews.kathimerini.com.cy/en/news/house-halts-medical-cannabis-bill-due-to-recent-crimes
Members of the House are turning against a medical marijuana bill, citing recent horrific crimes on the island and fears they may be linked to the use of cannabis. But studies suggest that decriminalisation has actually helped violent crime rates drop considerably....
https://knews.kathimerini.com.cy/en/business/tui-plans-to-bring-more-german-tourists-to-cyprus
TUI holiday operator hopes to bring more German tourists to Cyprus next year, starting in the summer of 2019 while boosting efforts to make the island an all-year-round destination...
https://knews.kathimerini.com.cy/en/business/eu-sees-strong-growth-as-unemployment-declines
The Commission foresees a "strong growth momentum continuing" in the coming years, but warned of risks widening...
https://knews.kathimerini.com.cy/en/news/russian-tourist-arrivals-expected-to-drop-this-year
Holiday reservations appear to be down this time of the year but experts believe things could be on the upswing again, even as Russian arrivals in Cyprus take a hit due to competition from Turkey...
https://knews.kathimerini.com.cy/en/business/cyprus-recovery-is-being-recognised-by-international-agencies
Fitch does not currently anticipate developments with a high likelihood of leading to a downgrade...
https://knews.kathimerini.com.cy/en/news/cyprus-registers-record-number-of-tourists-in-march
Tourist arrivals in March rocketed 36.4%...
https://knews.kathimerini.com.cy/en/news/threat-of-us-russia-clash-hangs-over-syria
Two days ago U.S. President Donald Trump warned that missiles “will be coming” in response to that attack...
https://knews.kathimerini.com.cy/en/business/banks-in-cyprus-greece-and-portugal-may-need-further-reserve-build-up
Fitch also notes that average NPL/total loan ratios at the EU`s largest banks had declined to 4% by end-2017 from 6.5% at end-2014...
https://knews.kathimerini.com.cy/en/news/consumers-group-calls-for-easter-boycott
The Cyprus Consumers Union is calling for a boycott on seasonal fruit and vegetables, warning businesses that supporters of the group will shop only at produce markets where prices return to normal, lower levels....
https://knews.kathimerini.com.cy/en/business/china-retaliates-for-us-tariffs-slaps-duties-on-soybeans-planes-autos
The scale of China’s tariff targets was in line with Beijing’s pledge to mount a commensurate response...
https://knews.kathimerini.com.cy/en/business/china-hammers-us-goods-with-tariffs
Eight other products, including pork and scrap aluminium, will now be subject to additional tariffs of 25 percent...
https://knews.kathimerini.com.cy/en/business/coops-privatisation-process-attracts-significant-investor-interest
The privatisation process of the Cyprus Cooperative Bank (CCB) attracted “significant interest” both from financial entities in Cyprus and abroad in acquiring a stake in its share capital of part of its assets, the CCB said after the completion of the first phase concerning the expression of interest....
https://knews.kathimerini.com.cy/en/business/ryanair-s-jordan-schedule-takes-off-from-paphos
There is a four times weekly service from Paphos to Amman ...
https://knews.kathimerini.com.cy/en/business/china-urges-us-away-from-brink-of-trade-war
China showed readiness to retaliate by declaring plans to levy additional duties on up to $3 billion of US imports...
https://knews.kathimerini.com.cy/en/business/hedge-funds-show-interest-in-cyprus-co-op
Major hedge funds are showing interest in the Co-Operative Bank of Cyprus, including one headed by former Bank of Cyprus Vice Chairman and current US Commerce Secretary Wilbur Ross. It is too early to predict any deal since investor goals differ from each other and all would depend on final numbers at a later stage. ...
https://knews.kathimerini.com.cy/en/news/eni-east-med-gas-could-supply-europe
Eni’s Luca Bertelli said his company’s recent discovery of a gas off Cyprus contains “almost pure methane” confirming potential for more gas discoveries in the region...
https://knews.kathimerini.com.cy/en/business/co-op-bank-en-route-to-healthy-future
Cyprus Co-operative Bank will be healthier without a massive NPL problem. Already it has managed to cut down on the number of branches and reduce its staff, but now the big step is finding investors with the right kind of portfolio to move banking forward....
https://knews.kathimerini.com.cy/en/news/academic-behind-facebook-breach-says-he-is-a-scapegoat
Facebook has been rocked by a whistleblower who said that Cambridge Analytica had improperly accessed information on 50 million users...
https://knews.kathimerini.com.cy/en/business/cooperative-bank-looking-to-attract-investors
The investor can acquire some or all of the share capital...
