https://knews.kathimerini.com.cy/en/business/electricity-interconnector-could-save-households-up-to-€400
The Great Sea interconnector, a €1.9 billion subsea cable linking the electricity grids of Cyprus and Greece, promises significant savings for Cypriot households. ...
https://knews.kathimerini.com.cy/en/business/profits-soared-in-cyprus-banking-sector-in-2023
The Cyprus banking sector experienced a significant surge in profitability by the end of 2023, as indicated by key financial indicators from the Central Bank of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/news/nasa-s-new-rocket-set-to-cut-mars-journey-to-just-60-days
Recently, NASA announced it was funding a revolutionary high-thrust rocket — called a Pulsed Plasma Rocket — that could make crewed missions to Mars in just two months....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-non-performing-loans-drop-to-lowest-level-in-years
Total non-performing loans (NPLs) to banks have dropped below €2 billion, specifically to €1.9 billion. ...
https://knews.kathimerini.com.cy/en/news/cyprus-ship-management-revenue-up-despite-global-challenges
Revenue from Cyprus' ship management industry rose by 2.4% in the second half of 2023, despite facing significant global challenges such as rising freight costs and geopolitical tensions, including disruptions in the Red Sea by Houthi forces....
https://knews.kathimerini.com.cy/en/comment/opinion/a-picture-is-worth-a-thousand-words
A picture is worth a thousand words, a picture is a gut punch. In Paphos, a woman with a cane lies on the ground in front of a bus stop. Thousands of similar scenes unfold across Nicosia and other cities,...
https://knews.kathimerini.com.cy/en/news/pelekanos-stirs-debate-with-rejection-of-bi-zonal-federation
Marios Pelekanos's recent revelation in the Legalmatters podcast that he opposes the Bi-zonal Bicommunal Federation (BBF) as a form of solution for Cyprus, instead supporting a unitary state, has ignited significant debate. ...
https://knews.kathimerini.com.cy/en/comment/opinion/akel-accused-of-anti-european-populism-ahead-of-elections
In the past week, Annita Demetriou presented DISY's positions for the European elections while launching a simultaneous offensive against AKEL....
https://knews.kathimerini.com.cy/en/news/disy-and-akel-neck-and-neck-as-third-place-up-for-grabs
With just two weeks remaining until the elections, a Kathimerini poll reveals a crucially divided electoral landscape in Cyprus, marked by high rates of voter abstention and competitive races for the top political positions....
https://knews.kathimerini.com.cy/en/news/high-energy-biscuits-arrive-in-gaza-amidst-criticism-of-slow-delivery
The U.N. World Food Program (WFP) announced on Wednesday that it has recently distributed a limited number of high-energy biscuits in Gaza. These supplies marked the first aid deliveries from a new humanitarian sea route facilitated by a U.S.-built pier. This initiative aims to provide essential relief to Palestinians in desperate need....
https://knews.kathimerini.com.cy/en/comment/opinion/labor-shortage-hits-antiparos-island
The small Aegean island of Antiparos is in a fever of preparations for the summer’s tourism miracle. ...
https://knews.kathimerini.com.cy/en/news/cyprus-has-the-potential-to-become-a-model-of-sustainability-in-europe
In a recent interview during the first-ever Green Agenda Cyprus Summit held at the Hilton in Nicosia, environmental economist and sustainability advocate, Professor Cameron Hepburn, delved into the pressing need for Cyprus to embrace a green transition...
https://knews.kathimerini.com.cy/en/news/dr-hepburn-cyprus-has-the-dirtiest-and-most-expensive-grid-in-the-eu
During his presentation at the Green Agenda Cyprus Summit held today at the Hilton Nicosia, Professor of Environmental Economics at the University of Cyprus, Cameron Hepburn, discussed Cyprus' energy transition and its decoupling from fossil fuels to achieve zero emissions and protect the environment. ...
https://knews.kathimerini.com.cy/en/news/ft-law-firms-turn-to-ai-for-cost-cutting-and-efficiency
Law firms worldwide are increasingly turning to generative artificial intelligence (AI) to streamline operations and reduce costs, with many either......
https://knews.kathimerini.com.cy/en/news/eurobank-s-q1-profit-boosted-by-41m-from-hellenic-bank-investment
Eurobank reported an adjusted net profit of €383 million for the first quarter of 2024, with €92 million originating from Cyprus. ...
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-earns-€133-million-in-profits
The Bank of Cyprus has announced a robust profit of EUR 133 million for the first quarter of 2024, marking a significant increase from EUR 95 million in the same period last year....
https://knews.kathimerini.com.cy/en/news/putin-picks-economist-belousov-as-defense-chief-shoigu-switches-gears
Russian President Vladimir Putin tapped a civilian economist as his surprise new defence minister on Sunday in an attempt to gird Russia for economic war by trying to better utilise the defence budget and harness greater innovation to win in Ukraine....
https://knews.kathimerini.com.cy/en/news/can-a-giant-vacuum-cleaner-be-the-key-to-cleaner-air
Iceland celebrated the inauguration of what's been hailed as the ''world's largest'' direct air capture (DAC) plant on Wednesday. Developed by Swiss company Climeworks, the colossal facility, named ''Mammoth,'' marks a significant stride in combating planet-heating emissions....
https://knews.kathimerini.com.cy/en/news/transport-minister-confirms-nicosia-ring-road-on-track-for-june-16-completion
Transport, Communications, and Works Minister Alexis Vafeadis announced on Wednesday that the Nicosia peripheral motorway project is set to be completed by June 16, 2024, ...
https://knews.kathimerini.com.cy/en/news/controversy-surrounds-17-5-year-extension-request-for-nicosia-ring-road
Recent revelations concerning the implementation timelines of significant public works projects have shed light on longstanding challenges within the realm of project execution. ...
https://knews.kathimerini.com.cy/en/news/ai-powered-deepfake-identity-thefts-surge-3-000
Several months ago, a worker in Hong Kong unexpectedly conducted a transaction worth $25 million for her company, following instructions given......
https://knews.kathimerini.com.cy/en/news/european-airfares-hit-20-30-increase-from-2019-to-2023
Throughout the summer of 2023, air travel across Europe witnessed a significant uptick in prices, with fares soaring 20 to 30% higher compared to pre-pandemic levels in 2019, according to recent data from E data.E. released in October....
https://knews.kathimerini.com.cy/en/news/nasa-cleared-for-£3-35-billion-dragonfly-mission-to-titan
A Dragonfly is heading to Saturn – as Nasa has been given the final permission it needs to launch its Dragonfly mission to Saturn’s moon Titan in the coming years....
https://knews.kathimerini.com.cy/en/business/imported-wine-squeezes-cyprus-market
According to Kathimerini reporter, Andreas Karamitas, wine marketing in Cyprus boasts an annual turnover of approximately €7 million, a sum primarily fueled by domestic consumption rather than exports, which only account for around €1 million. ...
https://knews.kathimerini.com.cy/en/news/minister-stands-against-early-fees-for-great-sea-interconnector
Cypriot electricity consumers should not be burdened with a surcharge before the operation of the electricity interconnector linking Greece and Cyprus and the consequent reduction of electricity costs, Minister of Energy, Commerce and Industry George Papanastasiou said on Monday....
https://knews.kathimerini.com.cy/en/news/rutland-reveals-first-ever-statue-of-queen-elizabeth-ii
A statue of Queen Elizabeth II, thought to be the first permanent memorial to the late monarch, has been unveiled in Rutland....
https://knews.kathimerini.com.cy/en/news/nicosia-ring-road-faces-setbacks-delays-and-budget-overruns
The Nicosia Ring Road project, a cornerstone of infrastructure development in Cyprus, has encountered significant setbacks, including delays and budget overruns, casting a shadow over its completion prospects and anticipated benefits, according to a report by Apostolos Tomaras in Kathimerini's Sunday edition....
https://knews.kathimerini.com.cy/en/news/europe-s-heat-related-deaths-surge-by-30-in-20-years-report-finds
Scorching weather has baked Europe in more days of “extreme heat stress” than its scientists have ever seen....
https://knews.kathimerini.com.cy/en/business/tensions-mount-over-great-sea-interconnector
The Greek Energy Minister, Theodoros Skylakakis, expressed frustration at the Delphi Economic Forum regarding the tactics employed by the Cypriot government concerning the final investment decision on the Great Sea Interconnector power cable. ...
https://knews.kathimerini.com.cy/en/business/greek-workers-strike-paralyzes-transport-services
In Greece, transport services came to a standstill on Wednesday as workers across various sectors participated in a 24-hour strike, demanding higher pay to offset the increasing cost of living...
