https://knews.kathimerini.com.cy/en/news/temu-shein-ali-express-eu-cracks-down-on-chinese-imports
The European Union is taking steps to clamp down on the surge of low-quality Chinese imports flooding its markets. According to sources speaking to the Financial Times, the EU plans to impose tariffs on cheap products from platforms like Temu, Shein, and AliExpress....
https://knews.kathimerini.com.cy/en/news/cbc-to-keep-dividends-low-despite-bank-profits
The increased profitability of Cypriot banks, will not affect the supervisory authorities’ views over the necessity to maintain a prudent policy with respect to banks’ dividend payments, the Central Bank of Cyprus said in its annual report for 2023, published on Wednesday....
https://knews.kathimerini.com.cy/en/news/nicosia-police-collects-over-€100-000-in-fines
In a recent enforcement drive spearheaded by the Nicosia Police Directorate on Tuesday, authorities announced the execution of 209 fine warrants, resulting in the collection of €101,582.56. ...
https://knews.kathimerini.com.cy/en/business/astrobank-wins-international-recognition-for-the-second-consecutive-year
AstroBank has been named Best Private Bank – Cyprus by the Global Private Banking Innovation Awards 2024 for the second consecutive year.
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https://knews.kathimerini.com.cy/en/news/eu-funds-drive-cyprus-organic-plant-production-with-€5-2m
The Cyprus Agricultural Payments Organization (CAPO) has disbursed over 5 million euros to beneficiaries under Action A.A. 1.4 - Organic Plant Production of Cyprus' Strategic CAP Plan for the 2023-2027 programming period....
https://knews.kathimerini.com.cy/en/news/over-200-migrants-repatriated-from-cyprus-in-a-week
More than 200 third-country nationals illegally residing in Cyprus have been repatriated to their countries of origin over the past week, the police announced Friday....
https://knews.kathimerini.com.cy/en/news/cyprus-reconsiders-defense-strategy-amidst-global-conflicts
The shifting geopolitical landscape in Europe, marked by the ongoing conflicts in Ukraine and the Israel-Hamas war, is prompting EU member states, including Cyprus...
https://knews.kathimerini.com.cy/en/news/ministry-unveils-bold-plan-to-combat-illegal-waste-dumping
Minister of Agriculture, Rural Development and Environment, Maria Panayiotou, has announced a multifaceted strategy to combat the island's persistent issue of illegal waste dumping, unveiling the initiative under the banner #wastefreecyprus....
https://knews.kathimerini.com.cy/en/news/kedipes-hits-€1-36b-milestone-in-state-aid-repayments
KEDIPES has announced a €60 million cash repayment made on June 26, 2024, as part of its ongoing efforts to repay state aid received by the former......
https://knews.kathimerini.com.cy/en/news/eurobank-gains-green-light-for-100-acquisition-of-hellenic-bank
The Cyprus Securities and Exchange Commission (the “CySEC”) approved on 25 June 2024, the publication of the Takeover Bid Document for the acquisition by Eurobank S.A. of up to 100% of the issued share capital of Hellenic Bank, whose shares are listed on the Main Market of the Cyprus Stock Exchange (“CSE”).
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https://knews.kathimerini.com.cy/en/business/4-houses-for-sale-by-astrobank
AstroBank has listed for sale houses in Nicosia, Larnaca, and Paphos that are ideal for own-occupancy....
https://knews.kathimerini.com.cy/en/news/india-s-arms-sales-to-israel-amid-gaza-conflict-raises-eyebrows
Allegations surrounding India's involvement in supplying arms to Israel during the Gaza conflict have intensified, casting a spotlight on potential implications for both countries....
https://knews.kathimerini.com.cy/en/business/cyprus-ship-registry-grows-amid-global-tensions
Cyprus’ ship registry experienced an increase in ocean-going vessels in the first half of the year, reversing a two-year decline due to geopolitical tensions impacting global shipping, Deputy Minister for Shipping Marina Hadjimanolis announced....
https://knews.kathimerini.com.cy/en/news/apple-introduces-ai-but-only-for-iphone-15-pro-users
After nearly two years of anticipation, Apple has finally entered the artificial intelligence (AI) race....
https://knews.kathimerini.com.cy/en/news/trump-donations-surge-after-conviction-beating-biden-by-$60m
Donald Trump’s campaign outraised President Joe Biden by more than $60 million last month, according to federal filings that detailed the Republican fundraising explosion sparked by Trump’s felony convictions....
https://knews.kathimerini.com.cy/en/news/sklavenitis-expands-to-27-stores-with-papantoniou-deal
Sklavenitis Cyprus has announced the integration of Papantoniou Supermarkets into its network....
https://knews.kathimerini.com.cy/en/news/bbf-announces-the-full-sale-of-four-class-a-business-centers-in-cyprus-in-the-past-12-months
BBF, Limassol’s top luxury residential developer, successfully sold out four Class A office buildings within the last year. Spanning a total area of approximately 20,000 sq. m., the full sale of bbf: latitude, bbf: liberty, bbf: benchmark, and bbf: summit solidifies BBF’s position as a leading name in Cyprus's commercial real estate market as well....
https://knews.kathimerini.com.cy/en/news/cyprus-labour-costs-increase-by-4-9
Cyprus has reported a 4.9% rise in hourly labour costs (total cost) during the first quarter of 2024 compared to the same period last year, according to data released on Monday by the Statistical Service of Cyprus.
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https://knews.kathimerini.com.cy/en/business/the-$10-billion-plan-to-rebuild-cyprus-s-ghost-town
The Turkish newspaper Sözcü has drawn attention to Varosha, an abandoned area in Famagusta, calling it the "Las Vegas of the Mediterranean." The paper says it would take $10 billion to bring the ghost town back to life after being abandoned for 50 years....
https://knews.kathimerini.com.cy/en/news/cyprus-eyes-market-return-with-ten-year-bond
Cyprus is gearing up to re-enter the financial markets in the near future to capitalize on the recent positive momentum bolstering its economy....
https://knews.kathimerini.com.cy/en/news/small-homeless-communities-pop-up-in-us-cities
In a dreary part of downtown Atlanta, shipping containers have been transformed into an oasis for dozens of previously unsheltered people who now proudly call a former parking lot home....
https://knews.kathimerini.com.cy/en/news/cyprus-plans-€3-1b-climate-investment-by-2030
Cyprus’ total investment on climate change in both EU and public funds as well as private investments are estimated to amount to €3.1 billion by 2030, the Finance Ministry has said....
https://knews.kathimerini.com.cy/en/news/cyprus-achieves-€600-million-fiscal-surplus-in-q1-2024
Cyprus generated a fiscal surplus close to €600 million in the first quarter of 2024, marking an increase of 58% year on year, driven by the rise in state revenue which exceeded the rise in spending....
https://knews.kathimerini.com.cy/en/news/frederick-university-is-once-again-the-best-performing-university-in-cyprus-in-the-times-higher-education-impact-rankings
With a total of 2,152 institutions from all over the world participating in the Times Higher Education Impact Rankings 2024, Frederick University has been placed among the top 201-300 universities for the second consecutive year....
https://knews.kathimerini.com.cy/en/news/joker-cyprus-ticket-wins-€100-000
In Thursday night's Joker draw (13/6), a total of 3.3 million euros was up for grabs....
https://knews.kathimerini.com.cy/en/news/€102-3m-spent-on-275-000-people-trained-on-30-500-programs
In the last five years, 275,000 people participated in 30,500 training programmes of the Human Resource Development Authority of Cyprus (HRDA) and the total expenditure reached to 102.3 million euro,...
https://knews.kathimerini.com.cy/en/news/agency-reports-strong-start-to-2024-continues-paying-off-state-debt
KEDIPES, Cyprus' state-owned asset management agency, announced a €144 million cash inflow for the first quarter of 2024. The agency also made a €140 million repayment to the state, bringing the total repayment to €1.3 billion since it started in September 2018....
https://knews.kathimerini.com.cy/en/business/eurobank-increases-stake-in-hellenic-bank-to-55-48
Eurobank's share in Hellenic Bank has increased to 55.48%, after the latest acquisition of 240.303 shares, for €0.62 million....
https://knews.kathimerini.com.cy/en/business/eurobank-boosts-stake-in-hellenic-bank-with-over-500-000-shares
Eurobank has acquired 503,934 more shares in Hellenic Bank, for the cost of €1.29 mn, increasing its share at 55.42%....
https://knews.kathimerini.com.cy/en/business/cyprus-trade-deficit-shrinks-by-€708-million
The trade deficit in Cyprus decreased by €708 million in January-April 2024 compared to the same period in 2023, driven by a significant 18.4% drop in imports, according to the Statistical Office....
