https://knews.kathimerini.com.cy/en/business/cyprus-spends-more-on-imports-trade-gap-widens
The trade deficit in the first half of 2023 increased by approximately €574 million compared to the same period last year, even though imports significantly dropped in May and June of 2023 when compared to 2022....
https://knews.kathimerini.com.cy/en/news/record-surge-in-loan-renegotiations-amidst-rising-interest-rates
Loan renegotiation in the Cyprus banking system spiked to record levels in the first half of 2023, driven mainly by the repeated interest rate hikes by the European Central Bank (ECB) in its effort to tackle soaring inflation....
https://knews.kathimerini.com.cy/en/news/electrifying-cyprus-only-2-5k-evs-drive-the-change
A total of 26,462 vehicles have been registered with the Department of Road Transport between January and July 2023, according to the most recent data released by the Department of Statistics. Out of the overall new registrations, 701 were electric vehicles, with 502 of them being private saloon cars....
https://knews.kathimerini.com.cy/en/news/670k-euros-invested-in-ayia-napa-beach-amenities
Four thousand new sunbeds and a thousand beach umbrellas, valued at a total of 670 thousand euros, have been recently set up along the shores of Ayia Napa....
https://knews.kathimerini.com.cy/en/business/2022-marks-best-real-estate-year-in-14-years
DANOS, a prominent real estate consulting agency, hails 2022 as a remarkable year for Cyprus real estate, breaking through the economic challenges and awakening from the post-COVID stagnation. ...
https://knews.kathimerini.com.cy/en/news/luxurious-residences-and-cutting-edge-offices-transform-nicosia-s-skyline
After being closed for two years, the Landmark Hotel, formerly known as the Hilton, is undergoing rapid renovation. The MHV Group, the owner, has provided an update indicating that the project is progressing swiftly according to the plan, ...
https://knews.kathimerini.com.cy/en/business/boc-reports-€220-million-profit-for-first-half-of-2023
Bank of Cyprus Group has reported a robust profit after tax of €220 million for the first half of 2023, a significant leap from the €43 million recorded in the same period of 2022. Notably, €125 million of these profits were achieved in the second quarter of 2023....
https://knews.kathimerini.com.cy/en/business/upcoming-parking-charges-at-mall-of-cyprus-and-ikea
Parking fees will be implemented at the Mall of Cyprus and IKEA starting September 1, aiming to enhance parking utilization and visitor efficiency. ...
https://knews.kathimerini.com.cy/en/business/cbc-bounced-checks-decline-continue-to-decline
A total of 36 bounced checks, amounting to €112,717, were issued in July 2023. These checks involve 18 entities, consisting of 11 legal entities and 7 individuals. ...
https://knews.kathimerini.com.cy/en/comment/opinion/is-there-a-need-for-radical-changes-in-civil-protection
The catastrophic fire in Rhodes, a typical and unfortunate example of what is internationally referred to as a mega-fire - a fire that is extremely destructive to the local environment...
https://knews.kathimerini.com.cy/en/news/limassol-fire-electricity-restoration-in-progress
Electricity has nearly been fully restored to the regions impacted by the devastating fires in the Limassol district, as announced by the Cyprus Electricity Authority (AEK) in a recent statement....
https://knews.kathimerini.com.cy/en/news/cyprus-sees-population-surge-9-9-growth-in-a-decade
Cyprus' population recorded an increase of 9.9% in the period between 2011 and 2021, according to the preliminary results of the Census of Population and Housing 2021, published by the Statistical Service on Friday....
https://knews.kathimerini.com.cy/en/news/the-euroasia-saga-continues
In a statement to ''K'' news, the European Commission expressed its appreciation for the recent signing of the cable purchase agreement for the EuroAsia Interconnector....
https://knews.kathimerini.com.cy/en/news/tourism-sets-record-revenue-with-fewer-arrivals
The latest data on tourism revenues for the month of May has brought encouraging news for the tourism sector, signaling positive effects on the Cypriot economy....
https://knews.kathimerini.com.cy/en/news/200-delegates-missing-at-lisbon-s-world-youth-day
About 200 Angolans and Cape Verdeans didn’t show up to their delegations to participate in World Youth Day, which runs until Sunday in Lisbon....
https://knews.kathimerini.com.cy/en/news/cyprus-industrial-prices-up-0-1-in-june
In June 2023, industrial producer prices in Cyprus increased by 0.1% compared with May 2023, while decreasing by 0.4% in both the eurozone and the EU, according to estimates from Eurostat, the statistical office of the EU....
https://knews.kathimerini.com.cy/en/news/migrants-transported-back-to-lebanon-from-cyprus
A total of 36 people who arrived in Cyprus by boat yesterday were transported back to Lebanon today by the Police, from where they had set off to reach Cyprus....
https://knews.kathimerini.com.cy/en/news/limassol-forest-fire-partially-controlled
A forest fire that ignited on Wednesday in the Saint Mamas community area of Limassol Province has been partially brought under control as of Thursday morning. ...
https://knews.kathimerini.com.cy/en/business/corporate-loans-above-€1-million-surge
The net new loans (excluding restructurings) in Cyprus amounted to €1.73 billion in the first half of 2023, showing a slight annual increase of 1.26%. The continuous interest rate hikes by the European Central Bank significantly slowed down the granting of housing loans....
https://knews.kathimerini.com.cy/en/news/cyprus-leads-the-way-in-eu-internet-accessibility
Recent statistics shared by Eurostat, the statistical service of the EU, highlight Cyprus as one of the countries with the lowest percentage of people unable to afford an internet connection in the EU....
https://knews.kathimerini.com.cy/en/news/€1-000-per-person-lost-as-cyprus-grapples-with-food-waste-dilemma
According to the recently released socio-economic impact report by the FOODprint campaign, households in Cyprus generate nearly 48,000 tonnes of food waste annually. ...
https://knews.kathimerini.com.cy/en/business/eurobank-cyprus-reports-soaring-profits-amid-rising-interest-rates
Eurobank Cyprus posted soaring profitability after tax for the first half of 2023 with net profits approaching the profitability of full year 2022, due to rising interest rates and the high remuneration of its liquidity held at the ECB....
https://knews.kathimerini.com.cy/en/news/presidential-election-complaints-lead-to-€36-000-fine-for-christodoulides-staff
In the aftermath of the 2023 Presidential Elections, the staff of Nikos Christodoulides faced a hefty fine of €36,000 following complaints lodged with the Commissioner for Personal Data Protection, Ms. Irini Loïzidou-Nikolaidou....
https://knews.kathimerini.com.cy/en/business/melco-announces-unaudited-second-quarter-2023-earnings
Melco Resorts & Entertainment Limited (Nasdaq: MLCO), operator of City of Dreams Mediterranean and Cyprus Casinos (“C2”), reported its unaudited financial results for the quarter ended 30 June 2023....
https://knews.kathimerini.com.cy/en/news/david-hunter-visits-late-wife-s-grave
The British pensioner who was freed after spending over a year in custody for his terminally-ill wife's manslaughter was finally able to pay his respects today....
https://knews.kathimerini.com.cy/en/news/government-achieves-€155-5m-surplus-in-2023
Cyprus government's surplus for the first half of 2023 increased to €155.5 million, equivalent to 0.5% of GDP, compared to a deficit of €92.4 million (-0.3% of GDP) for the period of January-June 2022, based on preliminary fiscal results from the Statistical Service of Cyprus.
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https://knews.kathimerini.com.cy/en/business/tourism-revenue-up-by-over-40
A significant increase of 40.7% on an annual basis was recorded in tourism revenue, based on the results of the Traveler Survey of the Cyprus Statistical Service....
https://knews.kathimerini.com.cy/en/news/over-4-000-third-country-nationals-returned-home-in-2023
More than 4,000 third-country nationals have been repatriated so far this year according to the Police Aliens and Immigration Unit (AIU)....
https://knews.kathimerini.com.cy/en/news/growing-up-in-refugee-camps
The painful experience of being violently uprooted, the worry about finding temporary shelter until they could return home, and the hardships faced in refugee camps – which turned into months and even years – are deeply etched in the memories and hearts of the refugees....
https://knews.kathimerini.com.cy/en/news/europe-dominates-7-10-searched-summer-getaways
The European destinations continue to have the highest travel interest this summer, while Asia Pacific has experienced a surge in popularity, a recent research by Skift has revealed, showing the ten most searched destinations for travel in the summer of 2023 is led by Bangkok, Thailand....
