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....
https://knews.kathimerini.com.cy/en/news/water-reservoir-levels-plummet-to-36-8
Reservoirs across Cyprus have reached critically low levels due to an extended heatwave, with current water storage at just 36.8% of total capacity, according to the Water Development Department....
https://knews.kathimerini.com.cy/en/news/apartment-prices-up-13-9-yearly-house-price-growth-slows
In the first quarter of 2024, house price growth showed a slight slowdown, while apartment prices continued to rise....
https://knews.kathimerini.com.cy/en/news/market-changes-eurobank-s-move-and-economic-struggles
Bank of Cyprus shares were delisted from the Athens Stock Exchange following the 2013 financial crisis and the turbulent merger with Laiki Bank, including the depositor haircut...
https://knews.kathimerini.com.cy/en/news/coral-sounds-boost-reef-health-study-shows
Researchers have discovered a novel method to help struggling coral reefs by using underwater speakers to play recordings of healthy corals. This approach could potentially restore vitality to degraded reefs....
https://knews.kathimerini.com.cy/en/news/despina-vandi-cancels-turkey-concert-over-flag-and-ataturk-portrait
Greek pop star Despina Vandi refused to perform on a stage in Turkey adorned with its flag and portrait of the country’s founding father, prompting the local mayor to ask her to leave her town, according to Turkish media reports.
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https://knews.kathimerini.com.cy/en/news/ecb-keeps-interest-rates-steady-amid-mixed-inflation-signals
The European Central Bank decided today to keep its key interest rates unchanged, as anticipated. This means the rates for main refinancing operations, marginal financing, and deposit facilities remain steady at 4.25%, 4.50%, and 3.75%, respectively....
https://knews.kathimerini.com.cy/en/business/over-1-65-million-visitors-mark-a-2-4-increase-in-cyprus-tourism
Tourist arrivals in Cyprus surged past 1.65 million in the first half of 2024, marking a 2.4% increase from the previous year, according to the Statistical Service of Cyprus (CyStat). The influx of visitors in June, the start of the summer season, rose by 5.5% compared to June 2023....
https://knews.kathimerini.com.cy/en/news/mykonos-tourism-decline-linked-to-high-costs
International air traffic to Mykonos is on a downward trajectory for another year, according to plans for available seats that airlines have for this summer so far....
https://knews.kathimerini.com.cy/en/news/us-and-israel-fund-far-right-groups-blocking-gaza-aid
Under U.S. pressure, Israel has pledged to deliver substantial humanitarian aid to Gaza....
https://knews.kathimerini.com.cy/en/news/donors-withhold-$90m-in-election-funding-unless-biden-steps-aside
Donors to a major super PAC backing President Joe Biden are withholding around $90 million in pledged funds, urging the president to step aside, sources told the New York Times. ...
https://knews.kathimerini.com.cy/en/news/cyprus-sees-less-road-violations-as-traffic-cam-system-grow
The Ministry of Transport, Communications, and Works has reported a gradual decline in road violations at locations equipped with light marking systems during the second quarter of 2024, according to a recent statement. ...
https://knews.kathimerini.com.cy/en/news/cyprus-lags-behind-eu-average-in-hospital-beds-per-capita
In 2022, Cyprus had significantly fewer hospital beds per person compared to the European Union (EU) average, according to Eurostat. Specifically, Cyprus had about 313 hospital beds for every 100,000 people, while the EU average was 516 beds per 100,000 people....
https://knews.kathimerini.com.cy/en/business/cyprus-tourism-faces-€25-million-hit
The president of the Cyprus Hotel Association (PASYXE), Thanos Michaelides, has highlighted the urgent need to extend the tourist season and increase the number of year-round hotel operations. ...
https://knews.kathimerini.com.cy/en/news/george-clooney-urges-biden-to-step-aside-for-2024
Hollywood actor and prominent Democratic fundraiser George Clooney has urged President Joe Biden to step aside for the 2024 election, citing concerns over Biden's ability to defeat Donald Trump. ...
https://knews.kathimerini.com.cy/en/news/cyprus-exports-decline-sharply-while-imports-see-a-modest-rise
Cyprus saw its trade deficit grow in May 2024, largely due to a significant drop in exports and a slight increase in imports, according to recent data from the Cyprus Statistical Service. The trade deficit for May 2024 was €693.4 million, up from €578.2 million in May 2023....
https://knews.kathimerini.com.cy/en/business/cyprus-ranks-among-top-innovators-in-europe
Among the best-performing countries in terms of innovation between 2023 and 2024 is Cyprus, according to the latest European Commission data....
https://knews.kathimerini.com.cy/en/comment/opinion/let-s-not-forget-to-whom-we-owe-a-debt-of-gratitude
It has been 50 years since the dramatic events of July 1974. We must never forget that the joyous hours of democracy's restoration in Greece were also hours of great sorrow and tragedy for Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-leads-eu-in-home-sales-by-31
Home sales in Cyprus surged by 31% in 2023 compared to the previous year, the highest increase among European Union countries, according to data released by Eurostat, the EU's statistical service....
https://knews.kathimerini.com.cy/en/business/surge-in-corporate-loans-despite-interest-rate-hike
The Central Bank of Cyprus has released its latest data revealing notable shifts in financial trends for May 2024. Despite a 0.52% uptick in lending rates for non-financial corporations borrowing amounts over €1 million, new loans to these entities surged by 10% compared to the previous month. ...
https://knews.kathimerini.com.cy/en/news/green-line-trade-and-crossings-surge-irregular-migration-declines
Trade and personal crossings across the Green Line in Cyprus saw significant increases in 2023, while irregular migration dropped by more than 50%, according to the annual European Commission report on the implementation of the Green Line Regulation published Thursday....
https://knews.kathimerini.com.cy/en/news/cyprus-joins-european-effort-to-combat-desertification-in-rural-areas
Cyprus participates in a new project aimed at combating desertification in rural areas of Southern Europe and Northern Africa, the Cyprus Institute said in an announcement on Thursday....
https://knews.kathimerini.com.cy/en/news/cbc-to-keep-dividends-low-despite-bank-profits
The increased profitability of Cypriot banks, will not affect the supervisory authorities’ views over the necessity to maintain a prudent policy with respect to banks’ dividend payments, the Central Bank of Cyprus said in its annual report for 2023, published on Wednesday....
