https://knews.kathimerini.com.cy/en/business/cyprus-unemployment-drops-by-8-9-in-august
The number of registered unemployed people in Cyprus dropped by 8.9% in August compared to the same month last year, according to data from the Statistical Service of Cyprus (CyStat). This marks a decrease of 1,177 people, bringing the total number of unemployed to 12,079....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-illusion-of-prosperity-as-unemployment-numbers-mask-realities
In its analysis, the Central Bank of Cyprus notes that in the first quarter of 2024, unemployment fell to 6%, the lowest level since 2009....
https://knews.kathimerini.com.cy/en/news/government-revenue-boosts-cyprus-surplus-to-€702-5-million
The Republic of Cyprus recorded a significant fiscal surplus of €702.5 million for the period of January to July 2024, according to preliminary General Government fiscal results, released on Friday by the Statistical Service of Cyprus....
https://knews.kathimerini.com.cy/en/news/workers-at-larnaca-marina-were-paid-despite-lack-of-work-says-vafeades
The €1.2 billion investment agreement with Kition for the Larnaca port and marina project is under renewed scrutiny due to the dispute involving 15 workers recently laid off. ...
https://knews.kathimerini.com.cy/en/news/august-sees-deadliest-week-on-cyprus-roads-in-2024
Cyprus has seen a troubling increase in road fatalities so far this year compared to the same period last year....
https://knews.kathimerini.com.cy/en/news/ecb-cuts-cypriot-bond-holdings-to-€6-38-billion
The value of Cypriot sovereign bonds held by the Eurosystem, as part of the Public Sector Purchases Programme (PSPP) and the Pandemic Emergency Purchases Programme (PEPP) declined to €6.38 billion......
https://knews.kathimerini.com.cy/en/news/eurobank-s-michalis-louis-set-to-become-new-ceo-of-hellenic-bank
Michalis Louis, CEO of Eurobank Cyprus, is expected to be named the new chief executive officer of Hellenic Bank following the bank’s 50th Annual General Meeting on September 18, 2024....
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/business/harley-davidson-backs-away-from-diversity-and-inclusion
Harley-Davidson announced on Monday that it is ending its diversity and inclusion programs, joining other big U.S. companies like Tractor ...
https://knews.kathimerini.com.cy/en/news/cypriot-banks-slash-eurosystem-funding-by-€2-6-billion
Cypriot banks have almost zeroed funding from the Eurosystem via the Targeted Long-Term Refinancing Operations (TLTRO), with the latest data by the Central Bank of Cyprus (CBC) showing repayments amounting to €2.6 billion....
https://knews.kathimerini.com.cy/en/news/cyprus-sees-unprecedented-80-drop-in-asylum-applications
Cyprus experienced a sharp reduction in first-time asylum applications in May 2024, marking an over 80% decrease from the previous month, according to data released by Eurostat. ...
https://knews.kathimerini.com.cy/en/news/ukraine-intensifies-fight-against-illicit-tobacco-trade
The illicit tobacco trade in Ukraine, one of Europe's most prominent black markets for cigarettes, is sending shockwaves through the economies of neighboring countries,...
https://knews.kathimerini.com.cy/en/news/world-mosquito-day-deadly-dengue-surges-worldwide
World Mosquito Day, observed annually on August 20, serves as a crucial reminder of the dangers posed by mosquito-borne diseases and the ongoing global efforts to combat them....
https://knews.kathimerini.com.cy/en/news/fuel-prices-drop-across-cyprus
The retail price of 95-octane unleaded petrol in Cyprus has seen a noticeable decrease in the last 24 hours, with the national average now standing at €1.480 per litre....
https://knews.kathimerini.com.cy/en/news/president-christodoulides-breaks-away-from-party-politics
When the election results were announced on June 9, traditional political parties were left in a state of confusion, struggling to understand the surprising victory of Phidias Panayiotou....
https://knews.kathimerini.com.cy/en/news/french-film-icon-alain-delon-dies-at-88
Alain Delon, the renowned French actor who became a global icon through his work with legendary directors and his enigmatic screen presence, has died at the age of 88. Delon’s career spanned over six decades, during which he starred in some of the most revered films in European cinema, including Rocco and His Brothers, The Leopard, and The Samurai....
https://knews.kathimerini.com.cy/en/news/power-issue-may-have-sparked-deadliest-wildfire-in-greece
Investigators suspect a faulty power cable may have caused Greece’s worst wildfire this year, said sources close to a probe over the blaze that killed one woman and torched 10,000 hectares near Athens, covering a total area about the size of Paris....
https://knews.kathimerini.com.cy/en/news/experts-warn-of-dangerous-decline-in-young-people-s-mental-health
Experts are sounding alarms over a ''dangerous'' decline in the mental health of young people worldwide, citing factors such as intergenerational inequality, pervasive social media use, low wages, unstable employment, and the climate crisis....
https://knews.kathimerini.com.cy/en/news/cyprus-talks-hit-a-snag-as-tatar-says-no-to-un-meeting
According to Kathimerini's Marina Economidou, last week, Cypriot President Nikos Christodoulides expressed a strong interest in restarting talks about the Cyprus issue. ...
https://knews.kathimerini.com.cy/en/business/trade-deficit-slashed-by-20-in-2024-amid-falling-imports
Cyprus saw its trade deficit shrink by over 20% in the first half of 2024, according to the latest data from the Statistical Service. The trade deficit, which is the difference between what the country imports and exports, fell to €3.57 billion, down from €4.48 billion during the same period in 2023....
https://knews.kathimerini.com.cy/en/news/cyprus-is-growing-older-and-smarter
Cyprus' population is aging and becoming more educated, according to final results from the 2021 Census of Population and Housing released on Friday by the Statistical Service. Conducted in government-controlled areas, the census recorded a population of 923,381 as of October 1, 2021, reflecting a 9.9% increase from the 2011 census....
https://knews.kathimerini.com.cy/en/news/potato-harvests-increase-in-2023-but-long-term-decline-persists
Cyprus witnessed a modest increase in potato production in 2023, with 95,000 tonnes harvested, marking a 5.6% rise from the previous year, according to recent data from Eurostat, the European Union's statistical office....
https://knews.kathimerini.com.cy/en/news/russian-athletes-banned-from-tv-and-opening-at-paris-olympics
In Russia, the Olympics are not broadcast on television, and some politicians and media have labeled athletes competing in Paris as traitors. ...
https://knews.kathimerini.com.cy/en/business/cyprus-unemployment-decreases-while-social-benefits-paid-increase
The number of unemployed persons registered at the District Labour Offices in Cyprus fell to 11,877 at the end of July 2024, marking a 9.9% decrease compared to the same period last year, according to data released by the Statistical Service on Monday....
https://knews.kathimerini.com.cy/en/business/ft-global-stock-markets-tumble-amid-us-recession-fears
Global stock markets experienced significant declines on Monday as concerns about a potential US recession led investors to abandon risky assets....
https://knews.kathimerini.com.cy/en/news/cyprus-non-cash-payment-value-hits-€129-billion
Non cash payments in Cyprus in the second half of 2023 rose by 12% year on year to €129 billion with total transactions amounting to 152 million marking an annual increase of 15%, the Central Bank of Cyprus (CBC) has said....
https://knews.kathimerini.com.cy/en/news/boxer-khelif-condemns-bullying-amid-gender-scrutiny
Olympic boxer Imane Khelif has called for an end to athlete bullying, stating that the hateful scrutiny over misconceptions about her gender “harms human dignity.” The Algerian athlete spoke out following intense international backlash.
...
https://knews.kathimerini.com.cy/en/news/cyprus-sees-significant-uptick-in-new-loans
In June 2024, new loans in Cyprus substantially increased, reaching €330.6 million, up from €234.9 million in May. Data from the Central Bank of Cyprus (CBC) show that total new loans, which include both new and renegotiated contracts, climbed to €514.9 million from €391.6 million the previous month....
https://knews.kathimerini.com.cy/en/news/mcdonald-s-becomes-unaffordable-for-many
McDonald's, once synonymous with affordable fast food, has seen its sales decline as many former customers find its offerings increasingly expensive....
https://knews.kathimerini.com.cy/en/business/cyprus-economy-soars-as-tech-takes-the-lead-while-real-estate-trails
Cyprus' economy is showing impressive growth at the start of 2024, with the biggest gains coming from the tech and services sectors, Kathimerini's Anna Polyviou reports....
