https://knews.kathimerini.com.cy/en/news/european-commission-allocates-€1b-to-flood-affected-nations
The European Commission proposed on Tuesday over €1 billion in financial support from the EU Solidarity Fund (EUSF) to help Italy, Slovenia, Austria, Greece and France deal with the impacts of the severe floods that hit these countries in 2023....
https://knews.kathimerini.com.cy/en/news/ft-china-set-to-hit-pwc-with-record-penalty-amid-evergrande-fallout
PwC China has informed its clients that it expects Chinese authorities to impose a six-month business ban starting as early as September, following its audit of the now-collapsed property developer Evergrande....
https://knews.kathimerini.com.cy/en/news/ema-slams-eac-for-undermining-electricity-market-competition
The Electricity Market Association (EMA) is expressing concern over recent requests made by the Electricity Authority of Cyprus (EAC) to President Nicos Christodoulides....
https://knews.kathimerini.com.cy/en/news/eu-commissioner-salaries-over-€310-000-a-year
As the European Commission prepares to unveil its 26 new Commissioners, Cyprus has nominated former Minister and Professor Kostas Kadis for the role....
https://knews.kathimerini.com.cy/en/comment/opinion/why-we-failed-as-a-country
In July, the resilience of Cypriot society was tested once again as it faced yet another challenge, underscoring its entrapment in heavy fuel oil. This entrapment translates into an annual fine of €200 million due to emissions. ...
https://knews.kathimerini.com.cy/en/news/dog-abandonment-and-neglect-on-the-rise-in-cyprus
Dog abandonment and neglect in Cyprus are getting worse, with shelters struggling to keep up. Volunteers at local shelters say they are seeing more and more dogs being abandoned, not just in the summer, but all year round....
https://knews.kathimerini.com.cy/en/news/paris-ranks-as-europe-s-most-expensive-city-for-housing
Paris remains the most expensive city in Europe for free-market housing, with an average price of 14,900 euros per square meter, according to a report by Deloitte....
https://knews.kathimerini.com.cy/en/news/nicosia-faces-financial-strain-amid-local-government-reforms
In an article in this Sunday's Kathimerini, Apostolos Tomaras writes that Just two months into the tenure of Cyprus’ new local government, the Nicosia Municipality is grappling with significant financial challenges, raising concerns about its ability to comply with legal requirements....
https://knews.kathimerini.com.cy/en/news/kamala-harris-unveils-economic-plan-with-tax-cuts-and-housing-focus
Vice President Kamala Harris is set to present a comprehensive economic plan during a major policy speech in Raleigh, North Carolina, on Friday....
https://knews.kathimerini.com.cy/en/news/five-arrested-in-matthew-perry-death
Five individuals, including two doctors, face federal charges related to the ketamine overdose death of actor Matthew Perry, ABC News has learned. The charges, filed Thursday, include conspiracy to distribute ketamine, distribution resulting in death, and possession with intent to distribute....
https://knews.kathimerini.com.cy/en/comment/opinion/greece-and-the-ferry-tale-nightmare
The ferry boat situation in Greece is rapidly becoming an unfortunate stain on the very fabric of the country. As someone who not only vacations in Greece, I also own, operate, and conduct business there in the tourism sector....
https://knews.kathimerini.com.cy/en/news/cyprus-and-china-lock-horns-over-vasilikos-issues
Apostolos Tomaras writes in this Sunday's Kathimerini that negotiations between Cyprus and the Chinese consortium over the "PROMETHEAS" ship, currently in Shanghai, have become a contentious issue as Cyprus seeks to gain control of the vessel. ...
https://knews.kathimerini.com.cy/en/news/cyprus-green-energy-struggles-as-market-changes-loom
Cyprus is gearing up for a major shake-up in its electricity market by 2025, but concerns are growing over how this will impact investments in renewable energy....
https://knews.kathimerini.com.cy/en/business/eu-demands-cyprus-return-€101m-in-energy-project-funds
The Republic of Cyprus is preparing to respond to the European Commission by the first week of September regarding a demand to return €101 million in funding that was allocated for the Vasilikos energy terminal, Energy, Trade, and Industry Minister George Papanastasiou said Thursday....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-sees-23-profit-growth-raises-financial-targets
The Bank of Cyprus has announced a 23% increase in its profit after tax for the first half of 2024, reaching €270 million, compared to the same period in 2023. ...
https://knews.kathimerini.com.cy/en/news/government-rolls-out-€400-laptop-grants-for-middle-school-students
Following the President's announcement of the "At Every Start, Together" initiative aimed at supporting students at the beginning of the new school year and easing family......
https://knews.kathimerini.com.cy/en/news/cyprus-vasilikos-gas-terminal-project-fails-after-20-years
Cyprus has faced a protracted and troubled effort to introduce natural gas to its internal market for electricity generation over the past two decades. ...
https://knews.kathimerini.com.cy/en/news/cyprus-sees-fuel-price-drop-by-2-3-cents
Cypriot households burdened by rising living costs are getting a reprieve as fuel prices drop, with further reductions expected by the end of August....
https://knews.kathimerini.com.cy/en/news/president-unveils-€9-5m-support-package-for-students-and-families
President Nicos Christodoulides announced a new package of measures aimed at supporting students and alleviating family budgets amid rising inflation and costs. The initiative, titled "Together at Every Beginning," is designed to assist families as the new school year approaches....
https://knews.kathimerini.com.cy/en/news/central-bank-revises-gdp-growth-to-3
The Central Bank of Cyprus (CBC) made a conservative upward revision to the GDP growth rate for 2024, by 0.2 percentage points, to 3%......
https://knews.kathimerini.com.cy/en/news/gesy-reserve-fund-soars-to-€590-million
The General Healthcare System (GESY) reserve fund remains high at approximately €590 million, exceeding international best practices......
https://knews.kathimerini.com.cy/en/news/cabinet-approves-new-fire-prevention-laws
The Cypriot Cabinet approved six revised bills on Monday aimed at strengthening fire prevention measures....
https://knews.kathimerini.com.cy/en/news/cyprus-could-face-financial-strain-over-vasilikos-debacle
The abandonment of the Vasilikos terminal project by a Chinese consortium has triggered a cascade of financial and operational challenges for Cyprus, with substantial implications for state finances and energy infrastructure....
https://knews.kathimerini.com.cy/en/news/cyprus-inflation-slows-in-july-after-three-months-of-rising-costs
Inflation in Cyprus took a breather in July after three months of climbing prices. According to new figures released by the Cyprus Statistical Service, the cost of living went up by 2.1% in July. ...
https://knews.kathimerini.com.cy/en/business/fruits-and-perishables-made-of-gold
Soaring retail prices for fresh fruits and vegetables have heavily impacted both consumers and producers in recent months. ...
https://knews.kathimerini.com.cy/en/business/cyprus-ranks-second-in-eu-for-workers-unable-to-afford-vacations
Cyprus recorded the second-largest share of workers unable to afford vacations in 2022 among EU member states, with 25% of its workforce affected, according to an analysis of Eurostat data by the European Trade Union Confederation (ETUC)....
https://knews.kathimerini.com.cy/en/news/christodoulides-questions-past-policies-signals-change-for-cyprus
Last week, Cyprus President Nikos Christodoulides gave a bold interview to ALPHA, where he criticized former President Makarios' policies. ...
https://knews.kathimerini.com.cy/en/news/cypriot-students-face-€1-100-rents-in-limassol
Rising rental prices are placing significant strain on individuals seeking housing in Cyprus and Greece, with particular challenges faced by incoming university students. ...
https://knews.kathimerini.com.cy/en/news/cyprus-to-decide-on-great-sea-interconnector-this-august
Important decisions concerning the Great Sea Interconnector, an electric cable linking Cyprus and Greece, are anticipated in August. ...
https://knews.kathimerini.com.cy/en/news/high-electricity-costs-in-cyprus-due-to-lack-of-renewables
As high temperatures drive increased energy demand in Cyprus, the island remains heavily reliant on mazut for electricity production....
