https://knews.kathimerini.com.cy/en/business/cyprus-unemployment-decreases-while-social-benefits-paid-increase
The number of unemployed persons registered at the District Labour Offices in Cyprus fell to 11,877 at the end of July 2024, marking a 9.9% decrease compared to the same period last year, according to data released by the Statistical Service on Monday....
https://knews.kathimerini.com.cy/en/news/warm-days-ahead
Seasonal low pressure will affect the island, bringing mostly clear weather today with occasional low clouds along the coast. By midday, clouds will develop over the mountains, potentially leading to brief, isolated showers.
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https://knews.kathimerini.com.cy/en/business/rain-or-shine-it-s-a-wild-weather-ride
In a surprising twist, Cyprus is experiencing a mix of summer showers and unpredictable weather patterns. Several areas of the island have been treated to a refreshing rain, and according to the Meteorological Service, tonight will bring more excitement with locally increased low clouds, especially along the coast....
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/business/bank-of-england-cuts-interest-rates-after-nearly-a-year-of-stability
The Bank of England (BoE) has cut interest rates for the first time since the start of the COVID-19 pandemic, dropping them from a 16-year high. This decision, made by a narrow 5-4 vote, reflects a split among policymakers about whether inflation is under control....
https://knews.kathimerini.com.cy/en/news/from-sleepy-fishing-village-to-clubbing-capital
In the 1990s, Ayia Napa, a serene fishing village in Cyprus, underwent a remarkable transformation into one of the world's premier clubbing destinations. This metamorphosis is attributed to the pioneering efforts of DJ Nick Power, who earned the title "godfather of Ayia Napa."...
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....
https://knews.kathimerini.com.cy/en/news/storms-expected-in-cyprus-mountains
A seasonal low pressure system is affecting Cyprus, leading to a mix of clear skies and localized weather changes....
https://knews.kathimerini.com.cy/en/news/cyprus-government-rakes-in-over-€424m-in-surpluses-this-year
Cyprus has reported a substantial budget surplus of €424.5 million for the first half of 2024, a huge increase from the €62 million surplus during the same period last year. ...
https://knews.kathimerini.com.cy/en/news/philippine-tanker-sinks-spilling-1-500-tons-of-fuel
A marine tanker carrying industrial fuel sank in rough seas off the Philippines on Thursday, causing a large oil spill as coast guard rescuers searched for a missing crew member, officials said....
https://knews.kathimerini.com.cy/en/news/hail-fog-and-rising-heat-in-forecast
The region is bracing for a mix of weather patterns this week as seasonal low pressure and an unstable air mass move in, promising everything from clear skies to isolated storms....
https://knews.kathimerini.com.cy/en/news/highs-of-41°c-and-potential-showers-expected
Seasonal low pressure and a hot gas mass continue to dominate the area, but an unstable gas mass is expected to temporarily impact the island....
https://knews.kathimerini.com.cy/en/news/apartment-prices-up-13-9-yearly-house-price-growth-slows
In the first quarter of 2024, house price growth showed a slight slowdown, while apartment prices continued to rise....
https://knews.kathimerini.com.cy/en/news/financial-education-in-cyprus-schools-after-metamax-scandal
The ongoing investigation into the Metamax investment pyramid scheme is causing growing alarm across Cyprus. Complaints to police departments have surpassed 100, with over €220,000 allegedly defrauded. ...
https://knews.kathimerini.com.cy/en/news/american-journalist-sentenced-to-16-years-in-russian-prison
Evan Gershkovich, an American journalist working for the Wall Street Journal, has been found guilty of espionage by a Russian court and sentenced to 16 years in prison....
https://knews.kathimerini.com.cy/en/news/june-sees-price-hikes-on-essentials-as-inflation-rises
Get ready to pay more for everyday items! Prices for many essential goods jumped in June, driving up inflation to 2.9%. This follows a steady rise from 2.4% in April and 2.7% in May....
https://knews.kathimerini.com.cy/en/news/we-re-having-a-heatwave-a-tropical-heatwave
The Department of Meteorology has issued a yellow warning for extreme temperatures today. The warning is in effect from 11:00 AM to 4:00 PM, with maximum temperatures expected to reach a scorching 42 degrees Celsius inland and around 32 degrees Celsius in the higher mountain areas....
https://knews.kathimerini.com.cy/en/news/ecb-keeps-interest-rates-steady-amid-mixed-inflation-signals
The European Central Bank decided today to keep its key interest rates unchanged, as anticipated. This means the rates for main refinancing operations, marginal financing, and deposit facilities remain steady at 4.25%, 4.50%, and 3.75%, respectively....
https://knews.kathimerini.com.cy/en/news/china-unveils-world-s-largest-hurricane-proof-turbine
Imagine a wind turbine so advanced it can withstand hurricanes and typhoons while harnessing their immense power to generate electricity....
https://knews.kathimerini.com.cy/en/news/soaring-insurance-costs-push-global-shipping-rates-up-233
Global trade has faced immense pressure since last October when the war in the Near East erupted following the terrorist attack by the Palestinian group Hamas against Israel. ...
https://knews.kathimerini.com.cy/en/news/cyprus-gears-up-for-a-brilliant-summer-day
A yellow warning for extreme maximum temperatures will be in effect today from 11 a.m. to 5 p.m., according to the Department of Meteorology....
https://knews.kathimerini.com.cy/en/news/yellow-heat-warning-issued-for-today
The meteorology department has issued a yellow warning for high temperatures, effective from 1:00 p.m. to 4:00 p.m. today. We're expecting the interior to reach a scorching 41 degrees Celsius....
https://knews.kathimerini.com.cy/en/news/sunny-start-with-afternoon-showers-possible
Cyprus is set for a mix of clear skies and some scattered showers today. ...
https://knews.kathimerini.com.cy/en/news/sunny-skies-with-a-chance-of-showers
Cyprus will enjoy mostly sunny weather today, though clouds will develop gradually, bringing a chance of isolated showers and thunderstorms, especially in the mountains and some interior regions after noon....
https://knews.kathimerini.com.cy/en/business/cyprus-surges-in-high-speed-internet-and-tech-jobs
Cyprus is making notable progress in its digital transformation, with coverage of very high capacity networks (VHCN) reaching 77.1% in 2023, a 28.5% increase from the previous year, according to the Deputy Ministry of Research, Innovation, and Digital Policy....
https://knews.kathimerini.com.cy/en/news/cyprus-sees-less-road-violations-as-traffic-cam-system-grow
The Ministry of Transport, Communications, and Works has reported a gradual decline in road violations at locations equipped with light marking systems during the second quarter of 2024, according to a recent statement. ...
https://knews.kathimerini.com.cy/en/business/cyprus-boomed-in-2022-with-more-jobs-and-better-services
Cyprus saw a widespread boost in economic activity last year, according to the latest Services and Transport Survey by Cyprus' statistical agency....
https://knews.kathimerini.com.cy/en/news/1-happy-friday-folks-sizzling-heat-with-some-surprise-showers-ahead
Good morning, weather warriors! As we step into this fabulous Friday, the weather has a bit of a split personality. Early birds will enjoy mostly clear skies with a few low clouds, especially near the coast....
https://knews.kathimerini.com.cy/en/news/storm-s-a-brewin-and-we-couldn-t-be-happier
In a twist of good fortune (maybe?!), the Met Office issued a yellow storm warning this Thursday morning—perhaps the only time you'll welcome a storm warning with open arms. After all, anything to break the sweltering heat, right?...
https://knews.kathimerini.com.cy/en/news/cyprus-exports-decline-sharply-while-imports-see-a-modest-rise
Cyprus saw its trade deficit grow in May 2024, largely due to a significant drop in exports and a slight increase in imports, according to recent data from the Cyprus Statistical Service. The trade deficit for May 2024 was €693.4 million, up from €578.2 million in May 2023....
