https://knews.kathimerini.com.cy/en/business/tighter-lending-rules-for-businesses-while-household-loans-remain-steady
Cypriot banks made it harder for businesses to get loans in the second quarter of 2024, while lending rules for households stayed the same, according to a new survey by the Central Bank of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/comment/opinion/businesses-in-cyprus-can-benefit-economically-from-policies-for-fewer-cars
Cities worldwide are increasingly adopting pedestrian-friendly and bicycle-friendly policies, amid growing concerns over the climate crisis and the need to reduce air and noise pollution. ...
https://knews.kathimerini.com.cy/en/news/cyprus-needs-new-strategy-to-grow-winter-tourism
According to an article written by Dorita Yiannakou in this Sunday's Kathimerini, this year has been a steady one for winter tourism in Cyprus, showing the sector’s strength despite various regional challenges....
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/business/the-5th-lidl-wellness-camp-was-held-with-great-success
Continuing its tradition of promoting and strengthening a healthy lifestyle, Lidl Cyprus welcomed more than 250 participants of all ages to this year's Lidl Wellness Camp....
https://knews.kathimerini.com.cy/en/news/cyprus-inflation-falls-to-2-2-in-august
Inflation in Cyprus dropped to 2.2% in August, down from 2.4% in July, matching the overall trend in the eurozone. Across the EU, inflation also fell to 2.4%, compared to 2.8% the previous month, according to Eurostat. A year ago, inflation rates were higher, with Cyprus at 3.1% and the eurozone at 5.2%....
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/business/cyprus-struggles-to-boost-winter-tourism
Cyprus is having a tough time improving its winter tourism, according to Kathimerini's Dorita Yiannakou, even though more tourists are visiting and spending more money. ...
https://knews.kathimerini.com.cy/en/news/limassol-is-breaking-barriers-for-the-disabled
Limassol’s Old Port came alive last weekend as the city hosted the ‘Access for All’ festival, a vibrant two-day event dedicated to promoting inclusion and raising awareness about the challenges faced by people with disabilities....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-reduces-loan-rates-to-3-65-amid-ecb-policy-shift
The Bank of Cyprus is lowering the reference interest rate on loans linked to the European Central Bank’s (ECB) base rate, effective Sept. 18, 2024....
https://knews.kathimerini.com.cy/en/business/new-cyprus-baltic-business-association-to-strengthen-economic-ties
The Cyprus Chamber of Commerce and Industry (CCCI) announced the establishment of the Cyprus-Baltic States Business Association aiming to promote, expand and encourage economic and trade relations between Cyprus and the Baltic States....
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/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/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/news/1st-women-in-stem-cyprus-forum
Women in Tech® Cyprus and TechIsland are co-organizing the first Women in STEM Cyprus Forum, scheduled to take place on October 8th, 2024, at the Kolla Cultural Factory in Limassol. ...
https://knews.kathimerini.com.cy/en/news/greek-police-disrupt-€26-million-vat-fraud-scheme
The Financial Police Directorate has dismantled a criminal organization involved in elaborate VAT fraud schemes, leading to significant financial losses for the state....
https://knews.kathimerini.com.cy/en/news/first-lady-s-let-s-go-troodos-festival-draws-crowds-despite-rain
The ''Let’s Go Troodos!'' Festival, organized by First Lady Philippa Karsera Christodoulides, attracted large crowds on Saturday at the Presidential Residence in Troodos, marking the first time the venue opened to the public....
https://knews.kathimerini.com.cy/en/life/nicosia-launches-free-accelerator-program-for-creative-businesses
The Nicosia Municipality is offering a free, two-month business accelerator program designed for individuals, groups, and existing businesses in the creative and cultural sectors. ...
https://knews.kathimerini.com.cy/en/news/christodoulides-backs-eurobank-s-big-move-into-india
President Nikos Christodoulides has shown strong support for Eurobank’s plan to expand into India, seeing it as a significant chance to boost business ties between Cyprus and one of the world's largest economies....
https://knews.kathimerini.com.cy/en/news/cyprus-sees-higher-borrowing-costs-lower-deposit-rates-in-july
Interest rates on consumer loans and mortgages in Cyprus increased in July, according to the Central Bank of Cyprus (CBC). The rate for consumer credit climbed to 6.67% from 6.18% in June, while the rate for home loans rose to 4.59% from 4.52%....
https://knews.kathimerini.com.cy/en/news/eu-allocates-€39-5-million-for-turkish-cypriot-community
The European Commission on Tuesday approved the 2024 Annual Action Programme, granting €39.5 million to support the Turkish Cypriot community's socio-economic development and advance Cyprus' reunification efforts....
https://knews.kathimerini.com.cy/en/life/larnaca-s-3-best-detox-salad-spots-for-post-summer-recovery
With the holiday season behind us, many are focusing on resetting their diets and embracing healthier eating habits....
https://knews.kathimerini.com.cy/en/news/school-bags-in-cyprus-priced-from-€3-99-to-€209-95
The Cyprus Consumer Association is advising parents and students to be vigilant when shopping for school supplies, as a recent survey reveals a significant variation in prices across the market....
https://knews.kathimerini.com.cy/en/news/ema-slams-eac-for-undermining-electricity-market-competition
The Electricity Market Association (EMA) is expressing concern over recent requests made by the Electricity Authority of Cyprus (EAC) to President Nicos Christodoulides....
https://knews.kathimerini.com.cy/en/news/tui-halts-day-trips-to-occupied-areas-of-cyprus
TUI, Europe’s largest tour operator, has announced that it will stop organizing day trips from the free areas of Cyprus to the occupied territories starting August 31. ...
https://knews.kathimerini.com.cy/en/news/ukraine-intensifies-fight-against-illicit-tobacco-trade
The illicit tobacco trade in Ukraine, one of Europe's most prominent black markets for cigarettes, is sending shockwaves through the economies of neighboring countries,...
https://knews.kathimerini.com.cy/en/comment/opinion/greece-and-the-ferry-tale-nightmare
The ferry boat situation in Greece is rapidly becoming an unfortunate stain on the very fabric of the country. As someone who not only vacations in Greece, I also own, operate, and conduct business there in the tourism sector....
https://knews.kathimerini.com.cy/en/life/today-is-dekapentavgoustos-a-day-of-faith-family-and-tradition
In Cyprus, August 15th, known as ''Dekapentavgoustos'', is one of the most significant holidays in the Greek Orthodox calendar, marking the Dormition (or Assumption as Catholics call it) of the Virgin Mary and her ascension to heaven....
https://knews.kathimerini.com.cy/en/news/fake-contests-and-phishing-scams-surge-warns-cyprus-consumers-association
The Cyprus Consumers Association (CSC) has issued a warning about a surge in consumer fraud, where cunning individuals employ various tricks to extort money from unsuspecting victims. ...
https://knews.kathimerini.com.cy/en/news/cyprus-beach-cleanups-remove-110-kg-of-waste
In a series of recent beach cleanup events held across Cyprus, beachgoers and volunteers came together to collect more than 110 kilograms of waste as part of the "Keep our Sand and Sea Plastic Free" project....
