https://knews.kathimerini.com.cy/en/news/cyprus-to-sell-1-billion-bond-after-improved-credit-ratings
The Republic of Cyprus is expediting its return to the financial markets, seeking to leverage recent credit rating upgrades by Fitch and Standard & Poor's......
https://knews.kathimerini.com.cy/en/news/will-cabinet-decide-to-extend-electricity-subsidies-to-consumers
The government is poised to discuss the renewal of the electricity subsidy measure, set to expire on June 30, at its upcoming Cabinet meeting, according to a report by Kathimerini's Hectoras Georgiou....
https://knews.kathimerini.com.cy/en/news/cyprus-labour-costs-increase-by-4-9
Cyprus has reported a 4.9% rise in hourly labour costs (total cost) during the first quarter of 2024 compared to the same period last year, according to data released on Monday by the Statistical Service of Cyprus.
...
https://knews.kathimerini.com.cy/en/business/the-$10-billion-plan-to-rebuild-cyprus-s-ghost-town
The Turkish newspaper Sözcü has drawn attention to Varosha, an abandoned area in Famagusta, calling it the "Las Vegas of the Mediterranean." The paper says it would take $10 billion to bring the ghost town back to life after being abandoned for 50 years....
https://knews.kathimerini.com.cy/en/news/small-homeless-communities-pop-up-in-us-cities
In a dreary part of downtown Atlanta, shipping containers have been transformed into an oasis for dozens of previously unsheltered people who now proudly call a former parking lot home....
https://knews.kathimerini.com.cy/en/comment/opinion/fidias-win-triggers-debate-on-political-behavior
Last Sunday, when election winner Fidias Panayiotou appeared on the panel of Alpha TV station, it was not his incongruous outfit or his unusual behaviour, rushing to kiss and hug the presenters, that caused embarrassment....
https://knews.kathimerini.com.cy/en/news/ministry-takes-action-against-illegal-dumping-sites-fueling-fires
The big fire in Paphos has exposed some major issues: not only were the firefighting resources inadequate, but it also showed the government's long-standing negligence regarding illegal fires. ...
https://knews.kathimerini.com.cy/en/news/eu-replaces-dangerous-asbestos-sewer-pipes-in-nicosia
The European Commission announced Thursday that work has begun to replace old asbestos pipes in the Nicosia sewer system. The project is funded by the Aid Programme for the Turkish Cypriot Community and will be carried out by the United Nations Development Programme (UNDP)....
https://knews.kathimerini.com.cy/en/news/€102-3m-spent-on-275-000-people-trained-on-30-500-programs
In the last five years, 275,000 people participated in 30,500 training programmes of the Human Resource Development Authority of Cyprus (HRDA) and the total expenditure reached to 102.3 million euro,...
https://knews.kathimerini.com.cy/en/business/wizz-air-increases-number-of-flights-from-larnaca-cluj-and-varna
Wizz Air, Europe’s fastest growing and most environmentally sustainable airline globally1, is excited to announce the increase the number of flights from Larnaca, Cluj, and Varna,...
https://knews.kathimerini.com.cy/en/business/eu-to-impose-up-to-25-tax-on-imported-chinese-evs
The European Commission is set to notify car makers on Wednesday that it will provisionally apply additional duties of up to 25% on imported Chinese electric vehicles (EVs) starting next month, according to the Financial Times, citing sources familiar with the matter....
https://knews.kathimerini.com.cy/en/news/153-000-people-struggle-with-low-incomes-and-high-living-costs
The share of Cyprus' population at risk of poverty or social exclusion remained steady at 16.7% in 2023, according to the Statistical Service of Cyprus (Cystat). This means that approximately 153,000 people in Cyprus are struggling with low incomes and high living costs....
https://knews.kathimerini.com.cy/en/news/cyprus-adds-six-new-firefighting-aircraft-to-its-arsenal
Cyprus has enhanced its firefighting capabilities with the addition of six new aircraft, announced the Department of Forests of the Ministry of Agriculture, Rural Development, and Environment on Tuesday....
https://knews.kathimerini.com.cy/en/business/eurobank-boosts-stake-in-hellenic-bank-with-over-500-000-shares
Eurobank has acquired 503,934 more shares in Hellenic Bank, for the cost of €1.29 mn, increasing its share at 55.42%....
https://knews.kathimerini.com.cy/en/news/cyprus-prepares-for-major-local-government-reform
The June 9 elections mark the final step before the significant milestone on July 1, 2024, when a new local government structure will be established in Cyprus, Apostolos Tomaras reports. ...
https://knews.kathimerini.com.cy/en/business/fitch-upgrades-cyprus-to-bbb
Fitch Ratings has upgraded Cyprus' Long-Term Foreign Currency Issuer Default Rating from 'BBB' to 'BBB+' with a positive outlook....
https://knews.kathimerini.com.cy/en/news/eco-friendly-farming-ideas-from-safe-h2o-farm-project-meeting
Earlier this month, The Cyprus Institute hosted the first annual meeting of the PRIMA Safe-H20-Farm project....
https://knews.kathimerini.com.cy/en/news/greek-olive-oil-producers-reject-bulk-sales-thrive-in-export-market
They knew the easy way. They could have effortlessly sent their oil in bulk to Italy....
https://knews.kathimerini.com.cy/en/business/enjoy-summer-savings-up-to-50-off-with-wolt-weeks
Over 650 offers and discounts of up to 50% for Wolt+ subscribers until June 23....
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. ...
