https://knews.kathimerini.com.cy/en/news/assange-leaves-uk-for-australia-after-years-of-hiding-in-us-plea-deal
After a years-long legal saga, Wikileaks says that founder Julian Assange has left the UK after reaching a deal with US authorities that will see him plead guilty to criminal charges and go free....
https://knews.kathimerini.com.cy/en/news/philippine-foreign-secretary-strengthens-ties-in-cyprus
In a historic visit to Cyprus, Philippine Foreign Secretary Enrique A. Manalo met with Foreign Minister Constantinos Kombos to discuss strengthening bilateral relations between the two nations....
https://knews.kathimerini.com.cy/en/comment/opinion/from-academia-to-governance-cyprus-latest-deputy-minister
The establishment of Cyprus's Deputy Ministry of Immigration and International Protection coincided with a challenging period, influenced by the ongoing humanitarian crisis in neighboring Israel. ...
https://knews.kathimerini.com.cy/en/news/standard-poor-s-upgrades-bank-of-cyprus-rating
Standard & Poor’s (S&P) has upgraded Bank of Cyprus’ long-term issuer rating to BB+, just one notch below investment-grade status, and assigned a positive outlook. This comes shortly after the upgrade of Cyprus’ long-term rating to BBB+, also with a positive outlook....
https://knews.kathimerini.com.cy/en/news/cyprus-cuts-migrant-arrivals-by-50-earns-european-praise
Cyprus continues to grapple with a significant migration challenge, a situation that has evolved into a complex and multifaceted issue. ...
https://knews.kathimerini.com.cy/en/news/cbc-projects-3-gdp-growth-in-2024
The Central Bank of Cyprus has revised its 2024 forecast for GDP growth to 3%, from 2.8% that was expected last March, mainly due to the upward revision of domestic demand, while it maintained its forecast for growth in the years 2025 and 2026, at 3.1% and 3.2%, respectively....
https://knews.kathimerini.com.cy/en/news/cyprus-eyes-market-return-with-ten-year-bond
Cyprus is gearing up to re-enter the financial markets in the near future to capitalize on the recent positive momentum bolstering its economy....
https://knews.kathimerini.com.cy/en/news/pournara-from-3145-to-245-migrants-in-two-years
The influx of irregular migrants into Cyprus has markedly declined following stringent government measures. Illustrative of this trend is the Pournara accommodation center, ...
https://knews.kathimerini.com.cy/en/news/banks-blame-high-interest-rates-for-decline-of-new-loans
Loan demand continued to fall in the first quarter of 2024, with banks blaming high interest rates for the decline. ...
https://knews.kathimerini.com.cy/en/business/cyprus-faces-market-uncertainties-as-exit-plans-delayed-again
According to report by Panayiotis Rougalas in today's Oikonomiki, Cyprus faces a challenging time as it navigates plans to exit the financial markets. ...
https://knews.kathimerini.com.cy/en/news/political-turmoil-as-coalition-parties-face-electoral-setback
Clouds of uncertainty loom over the political landscape of Cyprus following the recent European elections, which saw significant losses for the co-governing parties. ...
https://knews.kathimerini.com.cy/en/news/cyprus-tourism-hit-by-may-slump
Banks caution against high expectations for new tourism records in Cyprus, citing a lackluster performance in May, according to a report by Panayiotis Rougalas on this Sunday's Kathimerini (9 June 2024)....
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/business/passenger-traffic-up-at-larnaca-and-paphos-airports-amid-drop-in-hotel-bookings
Passenger traffic at Larnaca and Paphos airports increased by 4.26% in May 2024 compared to the same month in 2023, according to the Ministry of Transport, Communications and Works....
https://knews.kathimerini.com.cy/en/business/unemployment-in-cyprus-hits-record-low-in-may
The downward trend in Cyprus' registered unemployment continued in May 2024, reaching historically low levels, according to data released by the Statistical Service of Cyprus on Wednesday....
https://knews.kathimerini.com.cy/en/news/usa-wsj-op-ed-claims-biden-is-losing-competency
White House officials and President Biden's allies launched a vigorous defense against The Wall Street Journal on Wednesday after the outlet published a report suggesting the president is showing signs of cognitive decline in private meetings....
https://knews.kathimerini.com.cy/en/business/unpaid-debts-from-fti-touristik-bankruptcy-threaten-cyprus-hotels
The European tourism market has been jolted by the bankruptcy of FTI Touristik, a major German travel organiser. ...
https://knews.kathimerini.com.cy/en/comment/opinion/the-vilification-of-entrepreneurship
In recent weeks, Kathimerini (''K'') has been delving into public procurement, an area that absorbs a significant portion of public funds. The focus was on the Nicosia perimeter road project, which holds crucial importance for the city....
https://knews.kathimerini.com.cy/en/news/cyprus-wins-imf-praise-for-strong-recovery
The International Monetary Fund (IMF) has praised Cyprus for its robust economic recovery and fiscal discipline, recommending continued efforts......
https://knews.kathimerini.com.cy/en/news/ecb-to-implement-first-interest-rate-cut
The European Central Bank (ECB) is poised to execute its much-anticipated rate cut, scheduled to take effect on Thursday, June 6, 2024....
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/news/nurses-unions-protest-in-cyprus-public-hospitals
The health sector in Cyprus is facing renewed turmoil, with public hospital staffing and the absence of collective agreements at the centre of contention....
https://knews.kathimerini.com.cy/en/news/auditor-general-s-dismissal-hearing-postponed
The first official hearing on Attorney General George Savvidis' request to dismiss Auditor General Odysseas Michaelides has been postponed....
https://knews.kathimerini.com.cy/en/business/greece-anticipates-bumper-olive-oil-harvest-despite-price-fluctuations
Estimates from Greece suggest a promising outlook for olive oil production this year, with anticipation building for a potentially fruitful harvest, although definitive conclusions remain pending for about a month....
https://knews.kathimerini.com.cy/en/news/apple-fights-€1-8-billion-eu-fine
Apple is appealing a €1.8 billion fine from the European Union, which accused the tech giant of blocking information about cheaper music streaming services....
https://knews.kathimerini.com.cy/en/news/israeli-police-and-military-help-settlers-block-gaza-aid-convoys
Individual members of Israel’s security forces are tipping off far-right activists and settlers to the location of aid trucks delivering vital supplies to Gaza, enabling the groups to block and vandalise the convoys, according to multiple sources....
https://knews.kathimerini.com.cy/en/news/little-penguins-dwindle-to-120-amid-port-development-threats
A once-thriving population of little penguins on a tourist island off Perth’s coast has plummeted to no more than 120 birds, with plans to build a container port in nearby foraging grounds further threatening the survival of the colony....
https://knews.kathimerini.com.cy/en/news/april-2024-sees-decline-in-construction-costs-by-1-57
The Construction Materials Price Index in Cyprus decreased by 1.57% in April 2024 compared to the same month in the previous year, according to the Statistical Service of Cyprus....
https://knews.kathimerini.com.cy/en/news/xi-and-putin-reinforce-alliance-with-joint-critique-of-us-actions
China's President Xi Jinping and Russia's President Vladimir Putin on Thursday pledged a ''new era'' of partnership between their nations, presenting a united front against what they described as the United States' aggressive Cold War mentality and global destabilization efforts....
https://knews.kathimerini.com.cy/en/news/cyprus-among-top-3-in-eurozone-growth-for-2024
Cyprus stands out as one of the top performers in the Eurozone, boasting a robust growth rate for the year 2024, as announced by government spokesperson Constantinos Letympiotis today....
