https://knews.kathimerini.com.cy/en/news/amendment-introduced-to-share-geopolitical-risks-equally-on-gsi
Late last night, Greece's Ministry of Environment and Energy introduced an important amendment that aims to share the geopolitical risks equally between Greece and Cyprus for the Great Sea Interconnector, ...
https://knews.kathimerini.com.cy/en/news/cyprus-falls-behind-on-eu-recovery-plan-meets-only-5-of-targets
In today's 'Oikonomiki', Panayiotis Rougalas reports that Cyprus has only achieved 5% of the milestones outlined in its Recovery and Resilience Plan (RRP), falling far behind other European Union countries in implementing reforms tied to the EU’s Next Generation funding program....
https://knews.kathimerini.com.cy/en/news/cypriot-loan-servicers-struggle-as-red-loans-hit-€21-2b
While non-performing loans (NPLs) in Cypriot banks are gradually declining, the situation remains dire for "red loans" held by loan acquisition companies, or "servicers." ...
https://knews.kathimerini.com.cy/en/news/cera-approves-€125m-for-cyprus-crete-power-link
The Cyprus Energy Regulatory Authority (CERA) has approved an annual investment recovery of €25 million for the Cyprus-Crete electricity interconnection project, also known as the Great Sea Interconnector (GSI), covering the period from January 1, 2025, to December 31, 2029....
https://knews.kathimerini.com.cy/en/news/ftc-accuses-meta-of-putting-profits-ahead-of-user-privacy
A years-long study has uncovered that major social media and internet companies are involved in "mass surveillance" to capitalize on users' personal data, according to the U.S. Federal Trade Commission (FTC)....
https://knews.kathimerini.com.cy/en/business/building-permits-surge-150-in-june-amid-major-reform
Building permits issued in Cyprus saw a massive 150% jump in June 2024 compared to the same month last year, as authorities worked to clear a backlog ahead of a major reform. ...
https://knews.kathimerini.com.cy/en/news/scientists-store-dna-on-5d-crystal-to-preserve-humanity-for-the-future
Imagine a future where, even if humanity faces extinction, there’s a way to bring us back. That’s exactly what a team of British scientists is working on....
https://knews.kathimerini.com.cy/en/news/eurobank-and-india-collaborate-to-create-strategic-business-council
Mr. Ioannou raised concerns about whether the bank has a plan to maintain its strong profitability, which has largely come from rising interest rates......
https://knews.kathimerini.com.cy/en/news/these-are-the-djs-set-to-rock-the-5th-cyprus-cocktail-festival
Ranked as one of the 15 best cocktail festivals in the world by the prestigious guide ''Drinks Feed,'' the Cyprus Cocktail Festival returns for its 5th edition, and we can't wait to experience it once again!...
https://knews.kathimerini.com.cy/en/news/blinken-pushes-for-gaza-cease-fire-in-cairo
U.S. Secretary of State Antony Blinken arrived in Cairo early this morning as part of a lightning visit to Egypt, a key U.S. ally, to discuss efforts for a cease-fire between Israel and Hamas in Gaza, according to a correspondent from the French News Agency....
https://knews.kathimerini.com.cy/en/news/floods-across-europe-kill-16-evacuations-intensify
Torrential rain and severe flooding in central and eastern Europe have claimed at least 16 lives, with numerous individuals still missing....
https://knews.kathimerini.com.cy/en/business/fitch-upgrades-hellenic-bank-s-rating
Fitch Ratings has raised Hellenic Bank’s (HB) support rating from ‘bb-’ to ‘bb’, thanks to a similar boost for Eurobank S.A., which owns a majority stake in HB. This change reflects Eurobank’s growing role and influence over HB....
https://knews.kathimerini.com.cy/en/comment/opinion/cypriot-president-criticized-for-overtime-and-pension-controversies
Last September, Cypriot society witnessed the debacle involving Doxa Komodromou, who, despite being an official, billed the state for overtime at the president's request for events and speeches outside regular hours....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-moves-from-london-to-athens-stock-exchange-in-major-shift
In a series of significant moves, Cyprus's banking sector is undergoing notable changes this autumn....
https://knews.kathimerini.com.cy/en/news/30-000-boeing-workers-strike-as-labor-contract-rejected
Over 30,000 Boeing workers, about 20% of the company’s workforce, are preparing to strike on Friday after rejecting a proposed labor contract....
https://knews.kathimerini.com.cy/en/comment/opinion/politics-blog-mr-never-surrender-and-donald-trump
In the first televised debate between Donald Trump and Kamala Harris, the standout moment was when the former President claimed that illegal immigrants are eating Americans' cats, dogs, and basically all pets...
https://knews.kathimerini.com.cy/en/business/ft-china-slaps-pwc-with-$62-million-fine-and-six-month-ban
Chinese authorities have hit PwC China with a hefty fine of $62 million and a six-month ban following a major scandal involving the collapsed property developer Evergrande, according to the Financial Times. ...
https://knews.kathimerini.com.cy/en/business/sales-of-locally-produced-goods-jump-13-7-in-2022
In 2022, Cyprus saw a big jump in sales from local factories, reaching €4.29 billion, up 13.7% from the previous year’s €3.78 billion, according to the Statistical Service of Cyprus (Cystat)....
https://knews.kathimerini.com.cy/en/news/ecb-cuts-key-interest-rate-to-3-5-amid-slowing-inflation-and-growth-concerns
The European Central Bank (ECB) cut its key interest rate by 25 basis points to 3.5%, responding to slowing inflation in the Eurozone and concerns over weak growth. ...
https://knews.kathimerini.com.cy/en/news/billionaire-jared-isaacman-completes-first-ever-commercial-spacewalk
On Thursday, billionaire tech entrepreneur Jared Isaacman achieved a historic milestone by participating in the first private spacewalk, in collaboration with SpaceX. ...
https://knews.kathimerini.com.cy/en/news/germany-tightens-borders-affecting-travelers-across-europe
Germany is about to make a big change at its borders, and it could affect a lot of people. Starting September 16, 2024,...
https://knews.kathimerini.com.cy/en/business/1-trade
Cyprus’ trade deficit dropped by 17% in the first seven months of 2024, falling to €4.31 billion compared to €5.19 billion during the same period last year, ...
https://knews.kathimerini.com.cy/en/business/€13-billion-tax-bill-for-apple-€2-4-billion-fine-for-google
Apple has lost its legal battle against a €13 billion ($14.4 billion) tax bill after Europe’s top court ruled in favor of the European Commission on Tuesday....
https://knews.kathimerini.com.cy/en/news/eu-too-dependent-on-us-for-defense-gear-report-finds
The European Union is buying too much of its defense equipment from the United States and not investing enough in its own military projects, a new report by former Italian Prime Minister Mario Draghi warned Monday. ...
https://knews.kathimerini.com.cy/en/news/wired-uk-founder-david-rowan-at-the-digital-agenda-cyprus-summit
Investor, author, and World Economic Forum contributor David Rowan will be joining us at the Digital Agenda Cyprus Summit....
https://knews.kathimerini.com.cy/en/comment/opinion/politics-blog-cyprus-politicians-dive-deep-over-undersea-connection
Averof Neofytou and Annita Demetriou have crossed swords once again, this time over the proposed undersea cable linking Cyprus to Greece. ...
https://knews.kathimerini.com.cy/en/business/greece-imposes-20-euro-levy-on-cruise-visitors-to-curb-overtourism
Greece plans to impose a 20-euro levy on cruise ship visitors to the islands of Santorini and Mykonos during the peak summer season, in a bid to avert overtourism, Prime Minister Kyriakos Mitsotakis said on Sunday....
https://knews.kathimerini.com.cy/en/news/multicare-elite-by-universal-life-delivers-unparalleled-medical-coverage-with-the-highest-limits-in-cyprus
Interview with Accident & Health Manager of Universal Life Stelios Sofroniou...
https://knews.kathimerini.com.cy/en/comment/opinion/the-price-of-green-how-the-poor-subsidize-the-rich-s-environmental-perks
''Fortunately, crumbs are falling from the tables of the rich, so we don't starve to death,'' lamented a long-suffering, honest, and somewhat ''naive'' man....
https://knews.kathimerini.com.cy/en/news/cabinet-to-make-final-call-on-power-link-funding-today
The Cyprus Cabinet is meeting today to finalize decisions on the financing of the Cyprus-Greece electricity interconnection project, known as the Great Set Interconnector. ...
