https://knews.kathimerini.com.cy/en/news/the-red-warning-from-the-beaches-of-protaras
First and foremost, let me state that I am not an environmental expert. As an active citizen, I am recording my concerns about the changes brought about by climate change...
https://knews.kathimerini.com.cy/en/news/the-country-s-digitization-and-other-stories
We heard a lot and very little during this election. Lots of one-liners, 'cockfighting', insults, and histrionics. Nothing was said regarding the substance. ...
https://knews.kathimerini.com.cy/en/news/€651-4-million-of-government-surplus-recorded-until-september-2022
Cyprus' general government surplus rose to 651.4 million for the period of July-September 2022 compared with a surplus of €319.5 mn recorded in the respective period of last year, according to preliminary general government fiscal results....
https://knews.kathimerini.com.cy/en/news/cypriot-parliament-approves-state-budget
The House of Representatives plenary approved the 2023 state budget on Thursday evening, the last to be tabled by the 10-year administration of Nicos Anastasiades...
https://knews.kathimerini.com.cy/en/news/over-half-a-billion-euro-government-surplus-so-far-this-year
Preliminary General Government fiscal results indicate a surplus of €556.4 mn for the period of January-October 2022, according to data prepared and published by the Statistical Service of Cyprus on Wednesday....
https://knews.kathimerini.com.cy/en/business/€76-4m-profit-in-first-9-months-of-2022-for-hellenic
Hellenic Bank announced a profit of €76.4 million for the first 9 months of 2022. According to the Group Financial Results for the nine-month period, ...
https://knews.kathimerini.com.cy/en/business/slower-economic-growth-expected-towards-end-of-year
The Cypriot economy is expected to slow down towards the end of 2022 after growing steadily during the first half of the year, according to the chapter on Cyprus from the European Commission’s Autumn 2022 Economic Forecast which was presented on Friday by Commissioner for the Economy Paolo Gentiloni....
https://knews.kathimerini.com.cy/en/news/imf-predicts-a-return-to-fiscal-surpluses-for-cyprus-following-the-pandemic
Cyprus’ public finances will return to surpluses in 2023 which will continue until 2027, the IMF said in its Fiscal Monitor 2022 issued on Wednesday....
https://knews.kathimerini.com.cy/en/news/how-much-loan-can-a-couple-with-an-income-of-€2-000-get
Housing loans are an issue that inevitably affects a large number of young couples. Because housing prices have skyrocketed while wages have remained stagnant, the need for housing leads to borrowing....
https://knews.kathimerini.com.cy/en/news/eu-countries-approve-energy-windfall-levies-turn-to-gas-price-cap
European Union countries agreed on Friday to impose emergency levies on energy firms’ windfall profits and began talks on their next move to tackle Europe’s energy crunch – possibly a bloc-wide gas price cap....
https://knews.kathimerini.com.cy/en/business/greece-is-enticing-northern-retirees-with-its-easier-winters
Northern pensioners who want to afford this winter more easily with a significantly lower financial burden can now travel to Greece, according to the Greek Minister of Tourism, Vasilis Kikilias....
https://knews.kathimerini.com.cy/en/business/turkish-inflation-surges-to-nearly-80
Turkish inflation rose to a fresh 24-year high of 79.6% in July, data showed on Wednesday as the lira’s continued weakness and global energy and commodity costs pushed prices higher, though the price rises came out below forecasts....
https://knews.kathimerini.com.cy/en/news/russia-sending-money-to-turkey-for-the-$20-billion-akuyo-nuclear-plant
A Russian state-owned company is transferring money to a subsidiary that’s building a $20 billion nuclear power plant on Turkey’s Mediterranean coast, alleviating concerns the project could be delayed by war sanctions....
https://knews.kathimerini.com.cy/en/business/rcb-finalizes-sale-of-its-loan-portfolio-to-hellenic
RCB Bank Ltd announced that the sale of Tranche B of its performing loan portfolio to Hellenic Bank Public Company Ltd has been successfully completed....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-posts-net-profit-of-€21-million-in-q1-and-a-record-of-new-loans
Bank of Cyprus group announced on Thursday a net profit of €21 million for the first quarter of 2022, compared to net profit of €8 million in the first quarter of 2021....
https://knews.kathimerini.com.cy/en/news/mob-turns-violent-over-strike-breaker-bus-driver
A crowd of bus company workers on strike in Nicosia became aggressive after a march on Wednesday, with police officers unable to clear way for a driver who broke ranks and attempted to get back to work...
https://knews.kathimerini.com.cy/en/news/cyprus-produced-543-000-tons-of-solid-waste-in-2020
Today, March 18, marks World Recycling Day. It is the day when people around the world raise awareness on the importance of recycling and reuse, which are key to converting waste into resources for a circular economy....
https://knews.kathimerini.com.cy/en/business/how-$300-billion-in-russian-money-can-shake-markets
Credit Suisse's strategic analyst Zoltan Pozsar, who shows that Russia has about $ 300 billion in foreign currency swaps abroad,...
https://knews.kathimerini.com.cy/en/news/gesy-€1-21-billion-in-expenses-from-920-000-beneficiaries-in-2021
Total expenses for services from the General Healthcare System (GHS) in Cyprus came to €1.21 billion in 2021, from approximately 920,000 beneficiaries, Senior Officer of the Health Insurance Organisation (HIO) Angelos Tropis told CNA, adding that based on the preliminary results, the 2021 expenses will approximately be equal to total revenue.
...
https://knews.kathimerini.com.cy/en/business/parliamentary-committee-report-on-state-budget-2022-sees-significant-uncertainties-due-to-pandemic
A report by the Parliamentary Committee of Financial and Budgetary Affairs on the State Budget for 2022 ahead of the plenary debate and vote this week, stresses the significant uncertainties affecting the projections upon which the budget is based....
https://knews.kathimerini.com.cy/en/news/speakers-gather-in-nicosia-to-discuss-the-technological-revolution
Digital Agenda Cyprus was off to a running start on Tuesday with introductory remarks by founder Demetris Lottides...
https://knews.kathimerini.com.cy/en/news/greece-is-more-secure-with-biden-as-president
US Senator Bob Menendez is one of Greece and Cyprus’ greatest supporters and he exerts considerable power and influence in the foreign policy arena....
https://knews.kathimerini.com.cy/en/news/biden-taps-close-advisor-as-energy-plots-thicken
US State Secretary Antony Blinken has appointed a businessman and former lobbyist as energy security envoy, signaling a new strategic focus in Washington in the aftermath of thorny geopolitics over Nord Stream 2 and unresolved issues relating to the eastern Mediterranean...
https://knews.kathimerini.com.cy/en/news/eastmed-pipeline-could-be-ready-in-five-years
The EastMed pipeline could be in place in five years, Israeli Minister of National Infrastructure, Energy and Water Resources, Yuval Steinitz, has told the Cyprus News Agency (CNA), describing it as an extremely important project....
https://knews.kathimerini.com.cy/en/comment/opinion/smoothening-the-cliff-edge-in-eu-uk-relations
The Trade and Cooperation Agreement (TCA) between the United Kingdom and the European Union came into effect on January 1, 2021, capping a tumultuous four-and-a-half-year period since the shocking result of the July 2016 Brexit referendum, in which 51.9% of the British voters voted in favor of leaving the EU. Subject to the delayed assent of the European Parliament, this UK-EU free trade agreement (FTA) extends zero-tariff and quota-free trade in goods between the two economic areas....
https://knews.kathimerini.com.cy/en/news/fresh-total-lockdown-out-of-the-question-for-cyprus-govt
Finance minister Constantinos Petrides on Monday strongly refuted the possibility of Cyprus entering a second lockdown, such as the one it was plummeted into in March as a result of the outbreak of coronavirus....
https://knews.kathimerini.com.cy/en/news/cyprus-records-deficit-of-€800-million-in-q2-due-to-covid-19-impact
Cyprus General Government posted a deficit of €800 million in the period of April – June 2020 compared to a surplus of €140 million in the respective period of last year, according to data released today by the Cyprus Statistical Service (Cystat)....
https://knews.kathimerini.com.cy/en/news/a-second-lockdown-would-be-a-grim-financial-equation
With the rise in coronavirus cases which are mainly located within the local community and not just at the country’s points of entry, whispers of a second lockdown looming have resumed....
https://knews.kathimerini.com.cy/en/comment/opinion/the-era-of-asymmetric-threats
Kyriakos Mitsotakis would never have expected to star in a Greek edition of the perfect storm. Yet fate and events have put the Greek prime minister in charge of the country at a very crucial moment. He has shown determination in dealing with the migration/refugee issue, which has also bolstered his political image. The public was craving for a strong leader – a notion that was largely eclipsed by a sense of humiliation over the past 10 years....
https://knews.kathimerini.com.cy/en/business/cyprus-enjoys-strong-growth-prospects-but-contingent-liabilities-remain
Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs, as well as weaker external conditions, pose risks to the fiscal outlook, Scope rating agency said in commentary on Cyprus....
