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....
https://knews.kathimerini.com.cy/en/business/construction-materials-up-by-5-78
An annual increase of 5.78% was recorded in the Price Index of Construction Materials for the period January-June 2023, compared to the same period in 2022, according to data published by the Cyprus Statistical Service on Tuesday....
https://knews.kathimerini.com.cy/en/news/tourism-to-drop-by-10-in-the-mediterranean
According to tourism agencies and experts, the high summer temperatures in Southern Europe could permanently change tourist habits, with more travelers choosing more relaxed destinations or taking their vacations in spring or autumn to avoid excessive heat.
...
https://knews.kathimerini.com.cy/en/business/fitch
Fitch Ratings released a new report on Monday stating that the credit profiles of Greek and Cypriot banks have significantly improved over the past year due to de-risking and restructuring....
https://knews.kathimerini.com.cy/en/news/high-temperatures-expected-across-the-region
The Meteorological Service has issued a yellow warning for an upcoming heatwave, as high temperatures are set to sweep across the region. The sign, which occurred yesterday evening, highlights the potential risks associated with the scorching weather conditions....
https://knews.kathimerini.com.cy/en/news/orange-warning-kleon-s-heatwave-crisis-escalates
Heatwave "Kleon" intensifies in the Central Mediterranean, causing scorching temperatures in recent days....
https://knews.kathimerini.com.cy/en/news/hot-and-dry-weather-sparks-concerns
Meteorologists have issued an orange warning for high temperatures in the area, as a weak low-pressure system combines with warm and relatively dry air masses....
https://knews.kathimerini.com.cy/en/news/high-temperature-warning-issued-by-met-office
The Met Office has issued an orange warning for high temperatures in the region. According to the statement, the minimum temperature in the interior, west, and southern coasts is not expected to drop below 25 degrees Celsius,...
https://knews.kathimerini.com.cy/en/news/cyprus-population-reverses-decline-shows-growth
The population of the European Union has increased again after two years of decrease according to data published by Eurostat, the statistical service of the EU, on the occasion of World Population Day.
...
https://knews.kathimerini.com.cy/en/news/loan-demand-in-cyprus-falls-interest-rates-rise
The Cypriot banking institutions are holding a small basket for demand in new loans....
https://knews.kathimerini.com.cy/en/news/sunny-skies-dominate-today-s-weather-forecast
A seasonal low-pressure system is set to influence the weather conditions in the region, while the synoptic system "Kleon" is expected to bring a combination of high pressure and warm air mass, further affecting the area starting from Thursday....
https://knews.kathimerini.com.cy/en/news/vehicle-registrations-soar-by-24-4-in-first-half-of-2023
A significant increase of 24.4% was recorded in vehicle registrations in the first half of 2023, compared to the same period in 2022, while an increase of 22.4% was recorded in June 2023, compared to the same month last year....
