https://knews.kathimerini.com.cy/en/news/cyprus-takes-a-stand-for-solidarity-in-eu-immigration-reform
Minister of Interior Konstantinos Ioannou announced on Friday that Cyprus views the establishment of a mandatory solidarity mechanism as a significant development for the country....
https://knews.kathimerini.com.cy/en/news/eu-ministers-reach-historic-deal-on-migration-crisis
European Union ministers agreed on Thursday on how to share out the responsibility for looking after migrants and refugees, after 12 hours of negotiations got Italy and Greece to sign up to a deal that has eluded the bloc for nearly a decade....
https://knews.kathimerini.com.cy/en/news/cyprus-banking-sector-maintains-stable-solvency-ratio
The overall solvency ratio of the Cyprus banking sector stood at 21.2% at the end of December 2022, the same as September 2022, according to data published by the Central Bank of Cyprus on Wednesday....
https://knews.kathimerini.com.cy/en/news/€1-million-to-boost-turkish-cypriot-cheese-exports
The European Commission's EU-funded assistance program aimed at eradicating zoonotic diseases (those that jump from animal to human) in dairy animals in areas not under the effective control of the Government of the Republic of Cyprus was officially launched today....
https://knews.kathimerini.com.cy/en/news/parliament-approves-reduced-vat-rate-on-first-homes
The plenary session of the Cyprus Parliament passed on Thursday almost unanimously a law allowing for the imposition of a reduced VAT rate of 5% on the first 130 sqm of a primary residence, including both houses and apartments...
https://knews.kathimerini.com.cy/en/news/finance-minister-warns-of-vat-consequences
With the deadlines long expired and the saga of amending the Value Added Tax Law to apply the reduced rate of 5% to specific residential square meters dragging on, Finance Minister Makis Keravnos sounds the alarm, emphasizing the palpable risk of Cyprus being taken to the European Court and fined....
https://knews.kathimerini.com.cy/en/news/finmin-underlines-the-importance-of-disciplined-policy
The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....
https://knews.kathimerini.com.cy/en/comment/opinion/overcoming-obstacles-in-cyprus-green-transition
Undoubtedly, the fact that it no longer requires a building permit as a prerequisite for installing a photovoltaic system on residential roofs could be characterized as a positive development in our long-standing effort to turn towards green development....
https://knews.kathimerini.com.cy/en/news/california-electricity-bills-based-on-your-paycheck
Most of the time, what you pay for electricity or water or gas depends on how much you use. Leave the air conditioner and the lights on all night, and your electricity bill will spike. Take long, relaxing bubble baths every day, and your water bill will climb....
https://knews.kathimerini.com.cy/en/news/cyprus-talks-up-island-s-shipping-to-india-officials
Deputy Minister for Shipping Marina Hadjimanolis described the shipping sector as an invaluable asset for Cyprus, stating her determination to further strengthen Cyprus' position in global shipping...
https://knews.kathimerini.com.cy/en/news/ec-urges-cyprus-to-comply-with-eu-vat-rules-for-homes
The European Commission has called on Cyprus to comply with EU VAT rules for dwellings by sending a reasoned opinion to the country, included in the Commission’s June infringements package.
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https://knews.kathimerini.com.cy/en/news/local-home-buyers-feel-priced-out-in-divided-cyprus
Cypriots on both sides of the divided island have been noticing real estate prices going up in recent years due to foreign buyers willing shell out more, with reports suggesting the trend is going nowhere but up...
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/news/an-effective-foreclosure-framework-is-important-says-finmin
An effective and functional foreclosure framework is crucial for encouraging borrowers to restructure their debt, due to the high stock of non-performing loans (NPLs), the Cyprus Ministry of Finance said in a press release on Tuesday....
https://knews.kathimerini.com.cy/en/news/taxpayer-funded-ferry-to-greece-begins-new-season
Ferry ship Daleela begins today its first voyage marking the new season’s maritime connection between Limassol and Piraeus, which has been welcomed by the Deputy Minister for Shipping, Marina Hadjimanolis and Limassol Mayor Nicos Nicolaides...
https://knews.kathimerini.com.cy/en/news/from-25-to-5-smoking-rate-by-2040-says-kyriakides
Health and Food Safety Commissioner Stella Kyriakides, in a prelude to World No Tobacco Day on May 31, emphasized the Commission's ambitious objective of reducing smoking from 25% to a mere 5% of the population by 2040 in her written message....
https://knews.kathimerini.com.cy/en/news/experts-wage-house-battle-for-married-parents
Immigration experts in the Republic of Cyprus are proposing a €50,000 house bonus for newlyweds, with an additional annual stipend for each child born in wedlock as well as legal avenues for adopting healthy foreign babies...
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/news/ec-challenges-5-vat-proposal-for-primary-residences
Finance Ministry Director-General George Pantelis informed the parliamentary Finance Committee that the European Commission disagrees with the consensual proposal agreed upon in Parliament regarding the imposition of a reduced VAT rate on the construction or acquisition of a primary residence....
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/unleashing-potential-through-a-revised-recovery-plan
The Directorate General for Growth, in collaboration with all stakeholders, is currently preparing Cyprus' revised Recovery and Resilience Plan....
https://knews.kathimerini.com.cy/en/business/divestments-trigger-a-risk-of-backlash-in-the-recovery-fund
As Cyprus races against time to secure €1.1 billion in grants and loans from the Recovery Fund (NextGenerationEU) by June 2026, a new challenge arises. ...
https://knews.kathimerini.com.cy/en/news/christodoulides-searches-for-that-special-someone-to-break-the-deadlock
President of the Republic Nikos Christodoulides said on Thursday that he exchanged views with other EU leaders on specific European personalities that could contribute to breaking the deadlock of the Cyprus issue....
https://knews.kathimerini.com.cy/en/news/inferno-engulfs-sydney-building-near-central-station
An “apocalyptic” blaze engulfed a building near Central Station in Sydney on Thursday afternoon, sending a massive plume of smoke into the air and causing parts of the building to collapse....
https://knews.kathimerini.com.cy/en/news/cyprus-exits-enhanced-surveillance-ten-years-after-financial-crisis
Ten years after the financial crisis Cyprus has exited the European Commission’s excessive imbalances procedure (EIP), on the basis of EU documents issued under the spring package of the 2023 European Semester...
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/business/eba-tightens-its-grip-in-response-to-sanctions
Following the uproar caused by the lists of sanctions issued by the US, UK, and European authorities, the European Banking Authority (EBA) is tightening its standards in response. ...
https://knews.kathimerini.com.cy/en/news/cyprus-cancer-research-institute-scientific-bridge-between-europe-and-cyprus
An important project for science and humanity was inaugurated on Monday, May 22, at the University of Cyprus campus, the "Nicola David – Pinedo Building" of the Cyprus Cancer Research Institute (CCRI), made possible thanks to the donation of Georgios and Kaiti David in memory of their daughter Nikola, who passed away in 2016 due to cancer....
https://knews.kathimerini.com.cy/en/news/president-holds-talks-with-eu-commissioners-on-cyprus-problem-and-migration
The Cyprus problem, the migration issue and current European developments were discussed on Monday at the meeting between the President of the Republic of Cyprus, Nikos Christodoulides and the Vice-President of the European Commission responsible for the Promotion of the European Way of Life, Margaritis Schinas, at the Presidential Palace....
https://knews.kathimerini.com.cy/en/news/unficyp-responds-to-allegations-of-farmland-transfer-in-un-buffer-zone
The UN peacekeeping force in Cyprus (UNFICYP) has rejected allegations related to Greek Cypriot farmland inside the UN buffer zone in the Denia area as "false and misleading", its spokesperson, Aleem Siddique, has said....
