https://knews.kathimerini.com.cy/en/news/us-china-relations-enter-stabilization-phase-as-blinken-visits-beijing
The US and China have pledged to stabilize their tense relationship following US Secretary of State Antony Blinken's two-day visit to Beijing....
https://knews.kathimerini.com.cy/en/news/cyprus-struggles-with-renewable-energy-and-storage-gap
Only 15% of Cyprus' total energy production comes from Renewable Energy Sources (RES), highlighting the country's significant lag in this sector....
https://knews.kathimerini.com.cy/en/news/backlash-over-cyprus-vat-refund-change
The recent decision made by the Department of Customs to raise the expenditure limit for VAT refunds to third-country travelers visiting Cyprus is receiving criticism for its adverse effects on tourism expenditure....
https://knews.kathimerini.com.cy/en/news/anticipating-the-arrival-of-natural-gas-in-cyprus
After attending a workshop on energy issues in Nicosia and engaging in meetings with stakeholders in the UK, George Papanastasiou, the Minister of Energy, Trade, and Industry, is now embarking on a two-day working visit to Israel. ...
https://knews.kathimerini.com.cy/en/news/registered-jobless-numbers-drop-in-may-indicating-declining-unemployment
According to data from the Provincial Labour Offices, the number of registered unemployed individuals at the end of May 2023 decreased to 10,357 persons, marking a decline compared to both the previous month and May of the previous year....
https://knews.kathimerini.com.cy/en/news/380-cyta-employees-on-the-brink-of-departure
In an effort to further reduce operational expenses and renew its workforce, Cyta has implemented another voluntary employee exit plan, targeting individuals who meet specific conditions....
https://knews.kathimerini.com.cy/en/news/wasted-potential-cyprus-grapples-with-renewable-energy-storage-challenges
The Parliamentary Trade Committee of the House of Representatives examined the issue of the absence of renewable electricity storage systems, which leads to the rejection of significant power generation. ...
https://knews.kathimerini.com.cy/en/news/cyprus-gdp-soars-3-4-growth-in-q1-2023
Gross Domestic Product (GDP) in the first quarter of the year reached 6.2 billion euros, marking a 3.4% annual increase....
https://knews.kathimerini.com.cy/en/news/april-sees-surge-in-retail-trade
Retail trade increased significantly in April in both value and volume metrics, according to the latest data released Thursday by the Statistical Service of Cyprus....
https://knews.kathimerini.com.cy/en/business/minister-calls-for-duty-free-halloumi-exports-to-australia
Minister for Agriculture Petros Xenophontos participated in the Agriculture and Fisheries Council of the EU on Tuesday, where he participated in discussions regarding the state of the agricultural market in the EU as well as trade with Ukraine.
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https://knews.kathimerini.com.cy/en/business/why-are-food-prices-so-high-in-europe
It is the most basic of staple food items: sliced white bread. In Britain, the average price of a loaf was 28 percent higher in April, at 1.39 pounds, or $1.72, than it was a year earlier....
https://knews.kathimerini.com.cy/en/news/illegal-bird-trafficking-ring-busted
An illegal wild bird trafficking ring was dismantled after a joint collaboration between the Game and Wildlife Service and Police....
https://knews.kathimerini.com.cy/en/news/natural-gas-a-priority-for-affordable-electricity-generation
The Cyprus Chamber of Commerce and Industry (CCCI) agrees with the government's priority to bring natural gas το Cyprus, in order to produce cheap electricity, said CCCI President Christodoulos Angastiniotis, after a meeting held between CCCI and President of the Republic, Nikos Christodoulides, on Tuesday....
https://knews.kathimerini.com.cy/en/news/german-delegation-visit-to-cyprus-highlights-good-diplomatic-relations
Α delegation of the Parliamentary Friendship Group for relations with Cyprus and Malta of the German Bundestag will pay an official visit to Cyprus, between 30 May and 2 June 2023. The visit takes place at the invitation of the Cyprus House of Representatives, an official announcement says....
https://knews.kathimerini.com.cy/en/business/eu-launches-innovative-support-center-for-green-line-trade
The European Commission has announced the establishment of an information and support center, in collaboration with the Cyprus Chamber of Commerce and Industry (CCCI) and the Turkish Cypriot Chamber of Commerce (TCCC), to facilitate legal trade across the Green Line for Cypriot businesses and individuals....
https://knews.kathimerini.com.cy/en/news/blackamoor-reference-gets-lawmaker-in-trouble
Cypriot lawmakers are crying foul over a social media post by a controversial colleague after his comment about a female pro-LGBTQI parliamentarian with a reference to 'three black men' was described as 'vulgar' and 'racist'...
https://knews.kathimerini.com.cy/en/news/cyprus-resolute-on-natural-gas-plans-despite-geopolitical-reactions
Minister of Energy, George Papanastasiou, affirmed Cyprus' commitment to proceed with its plans for transporting natural gas from the region, both for domestic electricity generation and for liquefied natural gas (LNG) exports, despite geopolitical reactions....
https://knews.kathimerini.com.cy/en/news/canada-and-saudi-arabia-restore-diplomatic-ties-after-6-years
Canada and Saudi Arabia have agreed to restore full diplomatic ties and appoint new ambassadors, both countries said on Wednesday, bringing to a close a 2018 dispute that damaged relations and trade....
https://knews.kathimerini.com.cy/en/business/building-bridges-for-economic-growth-advocating-for-more-crossing-points
The Cyprus Chamber of Commerce and Industry (KEVE) and the Turkish Cypriot Chamber of Commerce (KTTO) are actively advocating for increased trade opportunities and more efficient crossing points to enhance economic and commercial ties, ...
https://knews.kathimerini.com.cy/en/business/the-controversial-e-kalathi-bill-house-and-stakeholders-remain-unconvinced
The e-kalathi bill fails to convince the House and stakeholders. Yesterday, the Commerce Committee of the House of Representatives held discussions on the matter, with Minister of Energy, Commerce, and Industry George Papanastasiou present....
https://knews.kathimerini.com.cy/en/news/british-cypriot-forex-boss-found-guilty-of-fraud
A jury in a London court has found a forex trader of Cypriot origin guilty of fraud....
https://knews.kathimerini.com.cy/en/news/christodoulides-shift-allowances-and-overtime-compensation-from-2024
President Nikos Christodoulides addressed the 60th Congress of PASYDY, the Civil Servants' Trade Union, where he discussed significant developments regarding the restoration of shift allowances and overtime compensation for civil servants....
https://knews.kathimerini.com.cy/en/business/e-kalathi-bill-presented-to-parliament
The discussion on the e-kalathi bill commences today at the Commerce Committee of the House of Representatives. This bill introduces a digital tool designed to display product prices, aiming to support the Consumer Protection Agency's efforts in monitoring the market and better protect consumer interests....
https://knews.kathimerini.com.cy/en/news/pigeon-drug-couriers-paphos-mayor-exposes-startling-phenomenon
Photographic evidence showcasing pigeons being exploited for drug transportation has been released by Phaidon Phaidonos. Expressing his dismay, the Mayor of Paphos took to Facebook, highlighting that those responsible are known, leading to the question of why no action has been taken....
https://knews.kathimerini.com.cy/en/news/henry-kissinger-warns-of-looming-peril-u-s-china-tensions-and-the-ai-arms-race
U.S.-China tensions have been called a repeat of Cold War-era dynamics. But a more apt comparison may be the years preceding World War I when much of Europe was sitting on a powder keg of hostilities and overlapping territorial claims that required only two bullets to ignite. ...
https://knews.kathimerini.com.cy/en/business/0-vat-rate-the-second-round
Almost two weeks after the zeroing of the tax rate on seven products (bread, eggs, milk, baby diapers, baby food, feminine hygiene products, and adult diapers), the Ministry of Finance and the Ministry of Commerce are in discussions regarding the next list of products that will have a low or reduced tax rate....
https://knews.kathimerini.com.cy/en/business/cypriot-economy-maintains-momentum-but-faces-uncertainties
The Cypriot economy maintained a strong momentum in the first quarter of 2023 with real GDP registering an annual growth rate of 3.4%, marking however signs of a slowdown on the backdrop of the uncertain external environment and the restrictive monetary policy by the European Central Bank in a bid to place inflation under control....
https://knews.kathimerini.com.cy/en/business/unions-and-employers-sign-new-transitional-agreement-on-cola
Cyprus’ social partners (trade union and employers) on Friday signed, in the presence of the Minister of Labour and Social Insurance Yiannis Panayiotou, a new transitional agreement on the Cost-Of-Living Adjustment (CoLA) stipulating an increased allowance of 66.7% of last year’s inflation from the previous 50%....
https://knews.kathimerini.com.cy/en/news/british-expertise-on-the-table-as-leo-docherty-speaks-to-kathimerini
In an interview with "K" newspaper, Leo Docherty, the British Minister for Europe, highlighted the British commitment to closer collaboration, emphasizing the range of areas where British expertise and cooperation can contribute to addressing issues such as combating illegal financing and exploring support structures for enforcement or addressing potential sanctions evasion. ...
https://knews.kathimerini.com.cy/en/business/cyprus-chambers-call-for-bilateral-improvement-of-green-line-trade
The Cyprus Chamber of Commerce and Industry (CCCI) and the Turkish Cypriot Chamber of Commerce (KTTO) support all efforts aimed at the bilateral improvement of Green Line trade....
