https://knews.kathimerini.com.cy/en/news/banks-announce-measures-on-interest-rates
Since July 2022, lending rates in Cyprus have risen by 3.5%, putting borrowers in a difficult position with dangerously increasing loan repayments....
https://knews.kathimerini.com.cy/en/news/cyprus-2022-household-assets-reach-€59-7b-debt-at-€20b
In December 2022, the total value of financial assets held by households was €59.7 billion. Out of this amount, 62% was invested in currency, deposits, and loans, 2% was allocated to debt securities, 19% was invested in stocks, and the remaining 17% was invested in other types of financial instruments....
https://knews.kathimerini.com.cy/en/news/100-cypriot-wines-to-feature-new-winecore-logo-on-packaging
The wine industry in Cyprus is at a turning point, as coordinated upgrading and promotion efforts are underway in both the private and public sectors. ...
https://knews.kathimerini.com.cy/en/news/temperature-rise-expected-as-weak-high-pressure-dominates-region
In weather news, the Meteorological Service has forecasted a temperature rise for the region. Weak high pressure will continue to affect the area until Thursday....
https://knews.kathimerini.com.cy/en/news/russian-fire-incident-report-in-cyprus-delayed
Officials in Cyprus have postponed their findings on the fire at the Russian center in Nicosia, after a chemical report requested by the fire department was delayed, leaving room for speculation about the blaze as well as the overall investigation...
https://knews.kathimerini.com.cy/en/news/unsettled-weather-conditions-expected-in-the-area-until-sunday
The Department of Meteorology has issued a new yellow warning for rain and storms that will be in effect from 11:00 am on Saturday (29/04) until 18:00 pm on the same day....
https://knews.kathimerini.com.cy/en/news/non-performing-loans-in-cyprus-rise-to-€2-32-billion-in-january-2023
Non-performing loans (NPLs) rose by €12.8 million in January 2023 compared with December 2022, amounting to €2.32 billion or 9.5% of total loans....
https://knews.kathimerini.com.cy/en/news/yellow-warning-in-effect-from-11am-tomorrow
Today, the Met Office issued a yellow warning for localized rain and isolated thunderstorms. This warning will be in effect from 11:00 am tomorrow (28/04) until 7:00 pm on the same day....
https://knews.kathimerini.com.cy/en/business/deutsche-bank-to-slash-800-jobs-as-part-of-new-cost-cutting-initiative
Deutsche Bank to cut 800 jobs in a new cost-saving drive after reporting a bigger-than-expected rise in profit for the first quarter, a volatile period globally for finance companies....
https://knews.kathimerini.com.cy/en/news/unstable-weather-conditions-rain-thunderstorms-and-hail
This is your weather report for today, April 27th. Cloudy skies are expected throughout the day with chances of local rain and isolated thunderstorms. ...
https://knews.kathimerini.com.cy/en/news/clear-skies-with-locally-increasing-clouds
Good morning, this is your local weather report. The area is currently experiencing weak low pressure which is affecting the weather conditions....
https://knews.kathimerini.com.cy/en/comment/opinion/the-unintended-consequence-how-our-online-history-built-the-ai-industry
The AI boom is built on data, the data comes from the internet, and the internet came from us....
https://knews.kathimerini.com.cy/en/news/eurostat-drop-in-driving-lesson-prices-in-cyprus-and-rise-in-eu
According to data released by Eurostat, prices for driving lessons and relevant services dropped by 1.6% in 2022 in Cyprus, while increasing in all other EU member states and by 4.8% overall in the EU....
https://knews.kathimerini.com.cy/en/news/hacked-data-from-cyprus-up-for-grabs-online
Encrypted folders with stolen information from Open University of Cyprus may be available on the dark web, where data brokers and identity thieves can now buy access to private information of students and staff after the institution failed to pay ransom...
https://knews.kathimerini.com.cy/en/news/us-congress-members-sold-bank-shares-amidst-banking-crisis-fears
On March 10, as fears were swirling over the health of the nation’s banks, an investment account belonging to the children of Rep. Jared Moskowitz, D-Fla., sold shares of Seacoast Banking Corp. worth $65,000 to $150,000....
https://knews.kathimerini.com.cy/en/business/numerous-foreclosure-sales-expected-in-2023-and-2024
The COVID-19 pandemic and the subsequent suspension of divestments since 2020 have led to the creation of a considerable volume of properties for disposal that banks and credit purchase companies have on their balance sheets....
https://knews.kathimerini.com.cy/en/comment/opinion/from-chocolate-bunnies-to-souvla
As an American Roman Catholic, I thought I had the whole Easter celebration thing down pat. I mean, I grew up with the Easter bunny and chocolate eggs, and I knew all about the Stations of the Cross and Good Friday services.
...
https://knews.kathimerini.com.cy/en/news/easter-table-lamb-and-flaounes-more-expensive
The price of lamb has skyrocketed to an average of 11.5-12 euros per kilo this year, while last year it was 8-8.5 euros per kilo on average. At the same time, the price of another Easter product, flaounes, is also high, specifically 18 euros per kilo on average, while last year it was 14 euros....
https://knews.kathimerini.com.cy/en/news/higher-prices-for-easter-meat-lamb-sees-a-25-increase-beef-up-by-15
A year ago, reports described Easter dinner as the most expensive in four years. This year's prices are expected to surpass that record, according to the first data from the Easter Price Watch gathered by K and soon to be published by the Consumer Protection Agency....
https://knews.kathimerini.com.cy/en/business/bookings-for-cyprus-countryside-accommodation-rise-during-easter-holidays
According to official data released by the Deputy Ministry of Tourism, bookings for countryside accommodation in Cyprus increased during the Easter holiday season....
https://knews.kathimerini.com.cy/en/business/ey-report-governments-need-new-ways-of-working-to-seize-digital-opportunities
Governments around the world are at risk of failing citizens through lack of digitalization, according to EY research presented in a new report: “How can government workers and technology align to serve future citizens?”. ...
https://knews.kathimerini.com.cy/en/business/75-6-increase-in-motor-vehicle-registrations-in-march-2023
Total registrations of motor vehicles in March 2023 numbered 4,270, recording an increase of 75.6% compared to 2,431 in March 2022, according to the report entitled "Registration of Motor Vehicles" for the period January-March 2023, published by the Cyprus Statistical Service on Monday.Hi...
https://knews.kathimerini.com.cy/en/news/protecting-eu-borders-the-rise-of-border-walls-against-third-country-migrants
The increasing number of illegal migrants reaching the European Union and Schengen Area Member States has pushed states to take different approaches to tackle their activity, including erecting walls or physical barriers at the borders....
https://knews.kathimerini.com.cy/en/news/dust-concentrations-expected-to-increase-with-possibility-of-light-rain
Starting tomorrow, Saturday, there will be increased concentrations of dust in the air. Additionally, the Meteorological Service predicts the possibility of light local rains throughout the weekend....
https://knews.kathimerini.com.cy/en/news/cypriots-prepare-for-a-sunny-greek-easter-of-biblical-proportions
With Greek Easter just around the corner, Cypriots are preparing for a feast of biblical proportions. This holiday marks the end of a 40-day fasting period for many, and the locals are eagerly anticipating indulging in all of their favorite Easter treats....
https://knews.kathimerini.com.cy/en/news/occasional-cloud-cover-and-gradually-rising-temperatures
Good afternoon, and welcome to today's weather report. For the day, we can expect occasional increased cloud cover in some areas. The winds will mainly be from the southwest to northwest direction, moderate, with a force of 4 Beaufort....
https://knews.kathimerini.com.cy/en/business/easter-holiday-boosts-air-travel-in-cyprus-by-26
April will kick off the summer tourist season with satisfactory arrivals and hotel occupancies for the Easter period. Since last week, demand for travel has started to rise from foreign tourists, ...
https://knews.kathimerini.com.cy/en/news/temporary-high-pressure-thin-dust-and-isolated-rains-expected
Today, we have a weak high pressure temporarily affecting the area, while weak low pressure is expected from tomorrow....
https://knews.kathimerini.com.cy/en/business/prem-watsa-greek-banks-are-safer
Greece has entered a virtuous cycle of growth, and the next few years will be especially beneficial to the economy and Greeks if political stability is maintained and business-friendly policies are implemented....
https://knews.kathimerini.com.cy/en/news/cyprus-to-surpass-1-million-people-while-eu-population-to-decrease-by-6-by-2100
According to the latest population projections issued by Eurostat, the statistical service of the EU, the population of the bloc will decrease by 6% between 1 January 2022 and 1 January 2100, equivalent to 27.3 million fewer people. The population of Cyprus on the other hand is expected to pass 1 million by 2100....
