https://knews.kathimerini.com.cy/en/news/airlines-now-have-more-power-thanks-to-covid-19
The Airports Council International (ACI) Europe has released a comprehensive analysis of airport competition in Europe, highlighting the shifting dynamics as airlines tighten their grip. ...
https://knews.kathimerini.com.cy/en/business/cyprus-shifts-energy-policy-towards-natural-gas-for-power-generation
Cyprus' Minister of Energy, George Papanastasiou, announced that the country's strategy regarding the exploitation of natural gas in the Exclusive Economic Zone (EEZ) and other fields in the region will be decided after a workshop at the end of the month with the participation of energy companies in the Eastern Mediterranean. ...
https://knews.kathimerini.com.cy/en/news/central-bank-governor-projects-higher-economic-growth-for-2023
On Tuesday, Constantinos Herodotou, the Governor of the Central Bank of Cyprus, announced that the Cypriot economy is projected to grow in 2023 at a higher rate than the Eurozone average. ...
https://knews.kathimerini.com.cy/en/news/appointment-of-19-year-old-consultant-in-tourism-ministry-how-it-happened-and-what-it-means
The Deputy Minister of Tourism, Costas Koumis, recently defended the appointment of a 19-year-old consultant. Koumis stated that nothing illegal had been done and that the hiring process was a common practice that has been used for many years....
https://knews.kathimerini.com.cy/en/news/murdered-hooker-still-unnamed-as-friend-gets-jailed
More details have emerged in the brutal murder of a woman from Ukraine, with Cypriot police focusing primarily on a single male suspect while also arresting her female friend, a key witness who says she had booked an extended paid sex appointment for the victim on the night she was killed...
https://knews.kathimerini.com.cy/en/business/q1-2023-sales-reach-€1-7-billion-despite-challenges
During the first quarter of 2023, the total value of properties sold was €1.7 billion. Despite facing numerous challenges that are starting to impact the real estate market, it has shown resilience...
https://knews.kathimerini.com.cy/en/news/who-declares-end-to-covid-19-global-emergency
The World Health Organization said Friday that Covid-19 no longer qualifies as a global emergency, marking a symbolic end to the devastating coronavirus pandemic that triggered once-unthinkable lockdowns, upended economies worldwide and killed at least 7 million people worldwide....
https://knews.kathimerini.com.cy/en/news/romanians-protest-for-schengen-accession
Hundreds of Romanians participated in the protest organized in Brussels by the Alliance for the Union of Romanians (AUR) party to stop treating Romanians as second-class European citizens....
https://knews.kathimerini.com.cy/en/news/chevron-pushes-forward-with-cyprus-tricky-move
Chevron has reportedly started drilling a key appraisal well offshore Cyprus, a development mired in geopolitical controversy over the ethnically-split island as well as neighbor relations...
https://knews.kathimerini.com.cy/en/business/expanding-profitability-and-strengthening-capital-position
Group Financial Results for the year ended December 31, 2022...
https://knews.kathimerini.com.cy/en/comment/opinion/here-comes-the-digital-euro
The digital euro is set to be a new form of digital currency from the European Central Bank. It will aim to provide a secure, fast and efficient method of payment in the European Union and will be based on a distributed ledger technology,...
https://knews.kathimerini.com.cy/en/business/employers-and-trade-unions-clash-over-cola-index-proposal
Today, Wednesday, May 3rd, employers will have a meeting regarding the Cost of Living Adjustment (CoLA) index, and on Thursday, May 4th, the trade unions will have theirs....
https://knews.kathimerini.com.cy/en/news/0-vat-on-bread-milk-eggs-and-diapers
The Council of Ministers has approved a Decree during today's session, which imposes a zero VAT rate on the delivery of certain products until October 31, 2023. These products include bread, milk, eggs, baby food, baby diapers, feminine hygiene products, and adult diapers....
https://knews.kathimerini.com.cy/en/business/jazeera-airways-adds-larnaka-to-its-european-destinations
Jazeera Airways, a low-cost carrier based in Kuwait, has recently added Larnaka to its network of new European destinations for the 2023 summer season and flights were launched end of April....
https://knews.kathimerini.com.cy/en/news/100-cypriot-wines-to-feature-new-winecore-logo-on-packaging
The wine industry in Cyprus is at a turning point, as coordinated upgrading and promotion efforts are underway in both the private and public sectors. ...
https://knews.kathimerini.com.cy/en/news/labor-minister-proposes-compromise-on-cola-issue
Labour Minister Yiannis Panagiotou presented a mediation proposal on the CoLA issue to trade unions and employers' organizations on Friday morning (28/04)....
https://knews.kathimerini.com.cy/en/comment/opinion/what-s-wrong-with-a-little-transparency
There has been a lot of buzz surrounding e-kalathi in recent days. It is an electronic platform that aims to provide consumers with real-time updates on the prices of products in supermarkets, enabling them to easily find the best deals on their preferred products....
https://knews.kathimerini.com.cy/en/news/household-electricity-and-gas-prices-surge-across-eu-in-2022
In the second half of 2022, average household electricity prices in the EU continued to show a sharp increase compared with the same period in 2021, from 23.5 euros per 100 kWh to 28.4 euros per 100 kWh in the EU, and from 23.0 euros per 100 kWh to 32.6 euro per 100 kWh in Cyprus, according to data released by Eurostat, the statistical service of the EU....
https://knews.kathimerini.com.cy/en/business/deutsche-bank-to-slash-800-jobs-as-part-of-new-cost-cutting-initiative
Deutsche Bank to cut 800 jobs in a new cost-saving drive after reporting a bigger-than-expected rise in profit for the first quarter, a volatile period globally for finance companies....
https://knews.kathimerini.com.cy/en/business/cyprus-faces-economic-losses-due-to-rejected-renewable-energy-production
The issue of storing electricity from renewable energy sources has become a problem due to extensive production rejections of both large and small photovoltaic parks by the Transmission and Distribution Operators on Easter Sunday and Monday in Cyprus....
https://knews.kathimerini.com.cy/en/business/taxapp-cy-the-easy-way-to-submit-a-tax-return
With TaxApp, taxpayers can easily and quickly submit their tax returns while ensuring correct submission.
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https://knews.kathimerini.com.cy/en/comment/opinion/the-real-estate-industry-s-crucial-turning-point
The European Parliament recently approved a new bill that aims to tackle climate change by reducing carbon emissions. This new legislation has significant implications for the property markets in Cyprus and Greece, where there is a large stock of buildings over 30 years old and requiring energy upgrades....
https://knews.kathimerini.com.cy/en/business/finance-minister-considers-lowering-vat-rates-for-basic-necessities
The Minister of Finance of Cyprus, Makis Keravnos, has announced that the Ministry is considering measures for banks and credit-acquiring companies to absorb high-interest rate increases, as well as reducing value-added tax (VAT) for basic necessity products to tackle high prices....
https://knews.kathimerini.com.cy/en/news/nba-to-open-basketball-school-in-costa-navarino
The National Basketball Association announced on Wednesday that it is partnering with TEMES to run a Basketball School at the resort of Costa Navarino this summer....
https://knews.kathimerini.com.cy/en/news/finance-minister-requests-containment-of-lending-rates-for-housing-loans
The Finance Minister of Cyprus, Makis Keravnos, has written letters to the Director General of the Cyprus Banks Association and the Director General of the Association of Credit Acquisition Companies and Credit Facility Managers, requesting measures to control rising lending rates for serviceable loans up to €350,000....
https://knews.kathimerini.com.cy/en/news/greece-hires-law-firm-to-block-turkey-s-turkaegean-trademark
Greece is attempting to prevent Turkey from trademarking its "Turkaegean" campaign used for tourism in the United States and the European Union. ...
https://knews.kathimerini.com.cy/en/news/easter-table-lamb-and-flaounes-more-expensive
The price of lamb has skyrocketed to an average of 11.5-12 euros per kilo this year, while last year it was 8-8.5 euros per kilo on average. At the same time, the price of another Easter product, flaounes, is also high, specifically 18 euros per kilo on average, while last year it was 14 euros....
https://knews.kathimerini.com.cy/en/news/energy-minister-puts-forth-cyprus-natural-gas-to-cut-costs-for-consumers
Cyprus' Energy Minister George Papanastasiou said that, during his discussions with consortiums operating in the Cypriot Exclusive Economic Zone (EEZ), he suggested the option of importing natural gas quantities from the EEZ for power generation, in combination with LNG exports via a small LNG plant....
https://knews.kathimerini.com.cy/en/business/bill-for-e-kalathi-product-price-comparison-app-submitted-for-cabinet-approval
The bill for the implementation of a digital tool that enables daily information on retail prices and product comparisons is ready for submission to the Cabinet....
https://knews.kathimerini.com.cy/en/business/government-continues-measures-to-counter-inflationary-pressures
The government of Cyprus has decided to continue measures aimed at countering inflationary pressures, including an extension of a subsidy on electricity consumption and a reduced excise tax on fuel....
