https://knews.kathimerini.com.cy/en/comment/opinion/the-free-parking-illusion
Imagine a city where parking is easy, convenient, and free....
https://knews.kathimerini.com.cy/en/news/average-student-spending-at-€250-as-back-to-school-shopping-begins
A few days before schools reopen (September 7 for secondary and high schools, and September 11 for primary schools), chaos is ensuing in bookstores, stationery shops, and stores selling school attire and sports shoes.
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https://knews.kathimerini.com.cy/en/news/akel-s-bold-demand-tax-bank-profits-to-power-people-s-pockets
The AKEL political party is urging the government to take immediate action to alleviate the financial strain on Cypriot households by taxing banks' surplus profits and redirecting the funds towards fuel and electricity subsidies....
https://knews.kathimerini.com.cy/en/news/bank-tax
Leaving the door open for potential action, the Finance Ministry is considering an additional tax on banks due to dissatisfaction with their current approach to deposit and lending rates....
https://knews.kathimerini.com.cy/en/news/china-s-$10-trillion-hidden-debt
For some time now, markets have been buffeted almost on a daily basis by gloomy economic news filtering out of China....
https://knews.kathimerini.com.cy/en/news/fuel-prices-surge-once-again-diesel-up-5-cents-unleaded-95-rises-3-cents
As August draws to a close, fuel prices are on the rise yet again, signalling increased costs at the pump. The Pancyprian Consumer Protection Association reports that one oil company has already implemented price hikes, with others expected to follow suit in the coming days....
https://knews.kathimerini.com.cy/en/news/food-costs-soar-greens-up-25-3-fish-dip-by-15
Increases were noted in 32 out of 45 categories of essential consumer products in the Consumer Product Price Monitor for July 2023, according to the Consumer Protection Service....
https://knews.kathimerini.com.cy/en/news/septemberfest-nicosia-beer-fun-festival-returns
The highly anticipated Septemberfest Nicosia Beer Fun Festival is gearing up for its 12th consecutive edition, presented by DISPLAY ART PLC. Running from September 1st to September 7th, 2023, the festival promises a week-long extravaganza of music, camaraderie, and of course, a wide array of beers. ...
https://knews.kathimerini.com.cy/en/news/fuel-tax-cut-to-aid-low-incomes
The association called "Equality" is requesting a reduction in fuel taxes through a letter addressed to the Minister of Finance, Makis Keravnos....
https://knews.kathimerini.com.cy/en/news/cyprus-converts-ship-to-boost-natural-gas-integration
Good news has emerged regarding the development of the LNG Terminal in Cyprus and the introduction of Natural Gas to the region. The conversion of the ETYFA ship Prometheus into a floating LNG regasification and storage unit (FSRU) is now finished....
https://knews.kathimerini.com.cy/en/business/euroasia-interconnector-seeks-alternative-funding
The developer of the EuroAsia Interconnector is seeking alternative funding avenues to construct Cyprus' electricity interconnection with the European Union, following the European Investment Bank's rejection of a loan request. ...
https://knews.kathimerini.com.cy/en/news/$235m-air-force-project-next-gen-plane-prototype
Most large airplanes are tubes with wings and a tail section attached. Blended-wing planes are designed with the body and wings being one piece....
https://knews.kathimerini.com.cy/en/news/water-stress-looms-over-cyprus-as-part-of-global-crisis
Cyprus is among the 25 countries facing extremely high water stress each year, the World Resources Institute (WRI) said in a recent study. In total, these countries are home to a quarter of the Earth's population, while at least 50% of the world's population - some 4 billion people - is under highly water-stressed conditions for at least one month of the year....
https://knews.kathimerini.com.cy/en/news/eu-s-solar-climb-to-2030-green-triumph
The rapid expansion of solar power is propelling most EU countries toward achieving their 2030 renewable energy goals ahead of schedule, according to new data. This development is boosting optimism in global emission reduction efforts....
https://knews.kathimerini.com.cy/en/news/uk-inflation-dips-to-17-month-low
UK inflation eased to a 17-month low in July, official data showed Wednesday, though it also revealed that prices of services, such as haircuts, hotels and restaurants, increased at a faster pace than the previous month.
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https://knews.kathimerini.com.cy/en/news/battling-medicine-shortages-head-on
Recommendations to pharmaceutical companies to increase their production capacity of antibiotics for the treatment of respiratory infections, and to EU member states not to stockpile them at the expense of their general availability in Europe, were addressed by the European Health Emergency Preparedness and Response Authority (HERA) ahead of the winter....
https://knews.kathimerini.com.cy/en/comment/opinion/tourism-s-dynamic-future-adapting-to-change-from-within
It's something we've heard many times from tourism authorities, that 2019 should no longer be used as a point of reference for tourism....
https://knews.kathimerini.com.cy/en/business/loan-denial-sparks-debate-over-euroasia-electricity-project
The European Investment Bank's (EIB) recent refusal to grant a loan for the EuroAsia Interconnector Electric Interconnector project has ignited a heated debate over the future of the ambitious energy initiative....
https://knews.kathimerini.com.cy/en/news/euroasia-interconnector-loan-denied-by-european-investment-bank
The European Investment Bank will not approve a loan for financing the electricity interconnection project between Cyprus, Greece, and Israel through the EuroAsia Interconnector, as confirmed by a representative from the EIB in an interview with "K" magazine....
https://knews.kathimerini.com.cy/en/news/court-dismisses-depositors-claims-in-controversial-laiki-bank-case
On August 10, 2023, the Nicosia District Court rendered a judgment dismissing a claim pertaining to the impairment of plaintiffs' deposits in the former Laiki Bank back in 2013. The plaintiffs had brought the case to challenge the constitutionality of the resolution measures implemented by the State in accordance with the "Resolution of Credit and Other Institutions Law of 2013."...
https://knews.kathimerini.com.cy/en/news/record-surge-in-loan-renegotiations-amidst-rising-interest-rates
Loan renegotiation in the Cyprus banking system spiked to record levels in the first half of 2023, driven mainly by the repeated interest rate hikes by the European Central Bank (ECB) in its effort to tackle soaring inflation....
https://knews.kathimerini.com.cy/en/news/electrifying-cyprus-only-2-5k-evs-drive-the-change
A total of 26,462 vehicles have been registered with the Department of Road Transport between January and July 2023, according to the most recent data released by the Department of Statistics. Out of the overall new registrations, 701 were electric vehicles, with 502 of them being private saloon cars....
https://knews.kathimerini.com.cy/en/business/2022-marks-best-real-estate-year-in-14-years
DANOS, a prominent real estate consulting agency, hails 2022 as a remarkable year for Cyprus real estate, breaking through the economic challenges and awakening from the post-COVID stagnation. ...
https://knews.kathimerini.com.cy/en/news/londoners-at-risk-as-average-rents-could-surge-to-£2-700-month-next-year
Average rental costs in London may soar to £2,700 per month next year, new figures from City Hall suggest....
https://knews.kathimerini.com.cy/en/news/tourism-sets-record-revenue-with-fewer-arrivals
The latest data on tourism revenues for the month of May has brought encouraging news for the tourism sector, signaling positive effects on the Cypriot economy....
https://knews.kathimerini.com.cy/en/news/harvard-professor-of-honesty-faces-fraud-allegations-in-startling-twist
In an ironic twist in the world of behavioral science, a Harvard professor who studies honesty has been accused of data fraud....
https://knews.kathimerini.com.cy/en/business/corporate-loans-above-€1-million-surge
The net new loans (excluding restructurings) in Cyprus amounted to €1.73 billion in the first half of 2023, showing a slight annual increase of 1.26%. The continuous interest rate hikes by the European Central Bank significantly slowed down the granting of housing loans....
https://knews.kathimerini.com.cy/en/business/eurobank-cyprus-reports-soaring-profits-amid-rising-interest-rates
Eurobank Cyprus posted soaring profitability after tax for the first half of 2023 with net profits approaching the profitability of full year 2022, due to rising interest rates and the high remuneration of its liquidity held at the ECB....
https://knews.kathimerini.com.cy/en/news/fuel-companies-announce-significant-price-hikes
Looking at the average prices across Cyprus, we found that the average price of unleaded 95 petrol increased yesterday afternoon, Tuesday, compared to the morning, and now stands at 1.5 euros per liter....
https://knews.kathimerini.com.cy/en/business/southern-europe-shines-as-affordable-summer-haven
In an analysis by Allianz Research, holidays in southern European countries retain their cost advantage over other "competitive" summer destinations worldwide, despite rising expenses. ...
