https://knews.kathimerini.com.cy/en/news/migrant-and-refugee-border-crossings-down-29
The number of detections of irregular border crossings by migrants and refugees at EU’s external borders declined by 29% in the first seven months of 2023 compared to the same period last year, according to preliminary calculations published by Frontex....
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/news/downward-spiral-continues-in-gov-t-employment-as-casual-staff-numbers-rise
Government employment trends continued their downward trajectory in July, impacting all categories of permanent personnel. Concurrently, there has been an uptick in the recruitment of casual staff....
https://knews.kathimerini.com.cy/en/business/cyprus-spends-more-on-imports-trade-gap-widens
The trade deficit in the first half of 2023 increased by approximately €574 million compared to the same period last year, even though imports significantly dropped in May and June of 2023 when compared to 2022....
https://knews.kathimerini.com.cy/en/business/boc-reports-€220-million-profit-for-first-half-of-2023
Bank of Cyprus Group has reported a robust profit after tax of €220 million for the first half of 2023, a significant leap from the €43 million recorded in the same period of 2022. Notably, €125 million of these profits were achieved in the second quarter of 2023....
https://knews.kathimerini.com.cy/en/business/cbc-bounced-checks-decline-continue-to-decline
A total of 36 bounced checks, amounting to €112,717, were issued in July 2023. These checks involve 18 entities, consisting of 11 legal entities and 7 individuals. ...
https://knews.kathimerini.com.cy/en/news/cyprus-sees-population-surge-9-9-growth-in-a-decade
Cyprus' population recorded an increase of 9.9% in the period between 2011 and 2021, according to the preliminary results of the Census of Population and Housing 2021, published by the Statistical Service on Friday....
https://knews.kathimerini.com.cy/en/news/smartphones-out-learning-in
According to a recent UN report, smartphones should be prohibited in schools worldwide as a measure to address student distraction, enhance learning outcomes, and safeguard children from online bullying....
https://knews.kathimerini.com.cy/en/business/pfizer-s-value-sinks-$144b-on-covid-changes
Pfizer has lost $88billion in market share and $144billion in value since its market peak in just one year as the drugmaker suffers a major hangover from the success of its COVID vaccine....
https://knews.kathimerini.com.cy/en/news/cyprus-industrial-prices-up-0-1-in-june
In June 2023, industrial producer prices in Cyprus increased by 0.1% compared with May 2023, while decreasing by 0.4% in both the eurozone and the EU, according to estimates from Eurostat, the statistical office of the EU....
https://knews.kathimerini.com.cy/en/news/unemployment-sees-significant-drop-down-by-6-8-in-july-2023
The unemployed persons, registered at the District Labour Offices on the last day of July 2023, reached 13,187 persons, with their number decreasing by 958 persons or 6.8%, compared to July 2022, according to data published by the Statistical Service of Cyprus on Thursday....
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/news/cyprus-leads-the-way-in-eu-internet-accessibility
Recent statistics shared by Eurostat, the statistical service of the EU, highlight Cyprus as one of the countries with the lowest percentage of people unable to afford an internet connection in the EU....
https://knews.kathimerini.com.cy/en/news/border-barbs-former-minister-takes-on-migration-policies
Nikos Nouris, the former counterpart of Interior Minister Konstantinos Ioannou, didn't hold back in expressing his dissatisfaction with Ioannou's recent statements on the migration issue and the barbed wire along the green line. Speaking on "SPOR FM 95.0" and the program "DIASPORA NEWS," Nouris described Ioannou's view that the barbed wire could be politically dangerous as unfortunate, emphasizing that they must prevent the division of their country by any means necessary....
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/news/interior-minister-says-barbed-wire-plan-impractical-and-politically-risky
In a recent statement, Interior Minister Constantinos Ioannou deemed the idea of placing barbed wire along the Green Line to handle migrant flows as practically impossible and politically dangerous. ...
https://knews.kathimerini.com.cy/en/news/prices-of-homes-and-apartments-up-7-7-annually
The rise recorded in the housing market in Cyprus during the first quarter of 2023 was significant, as prices continued to increase, especially in apartments, mainly due to higher demand....
https://knews.kathimerini.com.cy/en/business/retail-trade-soars-by-8-4-in-june
Retail trade turnover increased by 8.4% in value and 6.4% in volume in June 2023 compared to the corresponding month of 2022, according to data presented by the Statistical Service on Tuesday....
https://knews.kathimerini.com.cy/en/news/government-achieves-€155-5m-surplus-in-2023
Cyprus government's surplus for the first half of 2023 increased to €155.5 million, equivalent to 0.5% of GDP, compared to a deficit of €92.4 million (-0.3% of GDP) for the period of January-June 2022, based on preliminary fiscal results from the Statistical Service of Cyprus.
...
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-elections-end-of-a-political-era
The Intermediate parties are facing survival problems, introspection, and doubts, despite being part of the coalition government....
https://knews.kathimerini.com.cy/en/news/3-700-electric-cars-devoured-in-ship-fire
As per AFP, the Dutch authorities are set to tow away a blazing cargo ship with hundreds of electric vehicles on board sitting off the country’s coast....
https://knews.kathimerini.com.cy/en/news/cyprus-on-high-alert-at-42°c
The Meteorological Service of Cyprus has issued a warning for an impending heatwave, with temperatures soaring up to 42 degrees Celsius on Friday....
https://knews.kathimerini.com.cy/en/news/sunny-days-hot-nights
The Meteorological Department has recently issued a new yellow warning for extremely high temperatures. ...
https://knews.kathimerini.com.cy/en/news/heatwave-warning-issued-by-met-service
The Meteorology Department has recently issued a yellow warning for extremely high temperatures....
https://knews.kathimerini.com.cy/en/news/concerns-over-food-crisis-and-rising-prices
The head of the Competition Division of the Consumer Protection Agency at the Ministry of Commerce, Aliki Iordanou, stated that there has been no increase in product prices despite the zero VAT rate....
https://knews.kathimerini.com.cy/en/news/child-awarded-$800-000-in-mcdonald-s-nuggets-case
A Broward jury decided the answer was $800,000 Wednesday afternoon, the amount in damages McDonald’s will now have to pay a girl who received second-degree burns from a Chicken McNugget in 2019, a substantial decrease from the $15 million the family’s lawyers had requested....
https://knews.kathimerini.com.cy/en/news/brexit-regrets-the-uk-s-changing-tune-on-eu-exit
British nationals are expressing increasing regret over the decision to leave the European Union, according to a recent YouGov survey. Despite Prime Minister Rishi Sunak's claims that Brexit brought benefits to the UK, over half of the population would now vote to remain in the EU if a referendum were held again....
https://knews.kathimerini.com.cy/en/business/npl-crisis-highlights-tug-of-war-between-borrowers-and-legislation
The concealment, or "camouflage," of non-performing loans (NPLs) in commercial banks before 2013 and their subsequent explosion have been, and may continue to be, the most significant challenge for the Cypriot economy. ...
https://knews.kathimerini.com.cy/en/news/interior-ministry-implements-stricter-measures-for-new-asylum-seekers
The Interior Ministry of Cyprus announced on Wednesday that international protection applicants who have arrived in the Republic of Cyprus from January 1, 2023, onwards will not be considered eligible candidates for the voluntary relocation program....
