https://knews.kathimerini.com.cy/en/news/cyprus-banking-sector-maintains-stable-solvency-ratio
The overall solvency ratio of the Cyprus banking sector stood at 21.2% at the end of December 2022, the same as September 2022, according to data published by the Central Bank of Cyprus on Wednesday....
https://knews.kathimerini.com.cy/en/news/declining-new-loans-in-cyprus-signals-economic-shifts
In April 2023, Cyprus experienced a notable decline in new lending, as reported by the Central Bank of Cyprus. ...
https://knews.kathimerini.com.cy/en/comment/opinion/the-shocking-face-of-violence
In Cyprus, we have witnessed the rapid dissemination, facilitated by the prevalence of audiovisual content on social media platforms, of two videos that expose the brutal and shocking nature of violence. ...
https://knews.kathimerini.com.cy/en/news/cyprus-housing-prices-rise-amid-increased-demand
During the fourth quarter of 2022, housing prices in Cyprus continued their upward trend, driven by increased construction costs and higher demand....
https://knews.kathimerini.com.cy/en/news/cyprus-s-slow-ride-on-the-electric-car-bandwagon
We are slowly rushing towards zero-emission transportation. The data from new vehicle registrations indicate that while the numbers are increasing, the percentage of electric cars on Cypriot roads remains limited....
https://knews.kathimerini.com.cy/en/news/registered-jobless-numbers-drop-in-may-indicating-declining-unemployment
According to data from the Provincial Labour Offices, the number of registered unemployed individuals at the end of May 2023 decreased to 10,357 persons, marking a decline compared to both the previous month and May of the previous year....
https://knews.kathimerini.com.cy/en/news/380-cyta-employees-on-the-brink-of-departure
In an effort to further reduce operational expenses and renew its workforce, Cyta has implemented another voluntary employee exit plan, targeting individuals who meet specific conditions....
https://knews.kathimerini.com.cy/en/news/revolutionary-mrna-vaccine-boosts-skin-cancer-treatment-by-65
In a mid-stage trial, Moderna Inc and Merck & Co announced on Monday that the addition of their experimental mRNA-based vaccine has shown a 65% reduction in the risk of spreading the deadliest form of skin cancer when used in combination with immunotherapy alone....
https://knews.kathimerini.com.cy/en/news/minister-highlights-progress-in-migration-management-efforts
During a recent press conference on migration, Constantinos Ioannou, the Minister of Interior, discussed the current state of asylum applications and the return of irregular migrants to their countries of origin between March and May 2023. He emphasized the government's policies and measures to address these challenges....
https://knews.kathimerini.com.cy/en/news/wasted-potential-cyprus-grapples-with-renewable-energy-storage-challenges
The Parliamentary Trade Committee of the House of Representatives examined the issue of the absence of renewable electricity storage systems, which leads to the rejection of significant power generation. ...
https://knews.kathimerini.com.cy/en/news/april-records-a-decrease-in-loan-volumes
The Central Bank of Cyprus announced in a press release on Tuesday that total new loans decreased to €473.9 million in April 2023, compared to €922.5 million in the previous month....
https://knews.kathimerini.com.cy/en/news/clear-skies-and-showers-ahead-for-the-long-weekend-getaway
A weak low-pressure system is currently impacting the region, resulting in suspended dust particles in the atmosphere until Saturday....
https://knews.kathimerini.com.cy/en/news/unsettled-conditions-and-elevated-dust-levels-persist
The prevailing unstable weather conditions in Cyprus show no signs of subsiding, according to Kleanthis Nicolaides, the Director of the Meteorological Service, in an interview with K. ...
https://knews.kathimerini.com.cy/en/business/cyprus-unemployment-higher-than-eu-average
In 2022, the unemployment rate of people aged 15-74 in Cyprus was 6.8%, a little higher than the EU average (6.2%), according to data released by Eurostat, the statistical service of the EU, with data recording a large variation across the EU’s NUTS 2 regions. The unemployment rate among the young was also above the EU average in Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-sees-decline-in-total-deposits-and-loans
Total deposits in April 2023 recorded a net decrease of €173.3 million, compared with a net increase of €59.8 million in March 2023, the Central Bank of Cyprus said in a press release....
https://knews.kathimerini.com.cy/en/news/clear-skies-clouds-and-gentle-showers-this-weekend
Today, as the dissipation of local low clouds takes place, the weather will soon transition to predominantly clear skies. However, later in the day, localized cloud cover will increase, leading to isolated rainfall occurrences, primarily in mountainous areas....
https://knews.kathimerini.com.cy/en/news/cyprus-leads-in-new-asylum-applicants-per-population-but-overall-numbers-decrease
Cyprus had the highest rate of new applicants for asylum compared to its population in February 2023, according to data released by Eurostat, the statistical service of the EU. At the same time, however, new asylum applications have significantly reduced compared to last year....
https://knews.kathimerini.com.cy/en/news/usa-child-labor-seen-as-solution-to-labor-shortage
Lawmakers in several states, predominantly Republicans, are pushing for legislation that would relax labor laws for children, allowing them to work in more hazardous occupations, longer hours on school nights...
https://knews.kathimerini.com.cy/en/business/cyprus-economy-continues-to-shine-in-april
The Cyprus Composite Leading Economic Index (CCLEI) continued its positive year-over-year growth trend in April 2023, providing further support for the economic forecasts of the Cypriot economy....
https://knews.kathimerini.com.cy/en/news/declining-rates-of-early-school-leavers-cyprus-outperforms-eu-target
The share of “early school leavers” (young people aged 18-24 leaving early from education and training after having completed at most a lower secondary education) has steadily decreased in the EU over the last 10 years,...
https://knews.kathimerini.com.cy/en/news/limassol-hosts-desalination-conference
'Desalination for the Environment, Clean Water and Energy conference and exhibition' begins Tuesday in Limassol with the participation of more than 300 delegates from around the world and 30 exhibitors...
https://knews.kathimerini.com.cy/en/business/0-vat-rate-the-second-round
Almost two weeks after the zeroing of the tax rate on seven products (bread, eggs, milk, baby diapers, baby food, feminine hygiene products, and adult diapers), the Ministry of Finance and the Ministry of Commerce are in discussions regarding the next list of products that will have a low or reduced tax rate....
https://knews.kathimerini.com.cy/en/news/sunny-skies-strong-winds-and-a-chance-of-showers-ahead
Currently, a weak low-pressure system is affecting the region, causing occasional patches of sparse dust in the atmosphere. However, these dust conditions will gradually subside as we move into tonight....
https://knews.kathimerini.com.cy/en/business/boc-first-quarter-of-2023-yields-€95-million-in-profit
Bank of Cyprus has released its financial report for Q1 2023, showcasing robust performance and positive indicators across various key metrics....
https://knews.kathimerini.com.cy/en/news/government-employment-declines-led-by-transfer-of-hourly-workers
Government employment in April 2023 dropped in Cyprus by 2,7% or 1,432 persons compared to April last year and amounted to 52,498 persons, data released by the Statistical Service of Cyprus (Cystat) show....
https://knews.kathimerini.com.cy/en/news/central-bank-governor-projects-higher-economic-growth-for-2023
On Tuesday, Constantinos Herodotou, the Governor of the Central Bank of Cyprus, announced that the Cypriot economy is projected to grow in 2023 at a higher rate than the Eurozone average. ...
https://knews.kathimerini.com.cy/en/business/interest-rates-rise-for-housing-and-corporate-loans
Interest rates for housing loans in March 2023 increased by 1.25% compared to February 2023, while interest rates for corporate loans also rose, according to statistics released Friday by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/business/it-s-surprising-how-little-was-frozen
Upon his arrival at Larnaca airport last Wednesday, Justice Commissioner Didier Raeder brought with him two pressing questions. Firstly, how is it that a country like Cyprus, which has been heavily infiltrated by Russian capital for several years, has only managed to freeze a mere 104 million euros worth of assets belonging to oligarchs under EU sanctions?...
https://knews.kathimerini.com.cy/en/business/q1-2023-sales-reach-€1-7-billion-despite-challenges
During the first quarter of 2023, the total value of properties sold was €1.7 billion. Despite facing numerous challenges that are starting to impact the real estate market, it has shown resilience...
https://knews.kathimerini.com.cy/en/business/goods-produced-in-cyprus-see-largest-price-increase-in-the-eu
Industrial producer prices, which refer to the prices that producers receive for the products they make, increased by 2.4% in Cyprus in March 2023 compared to the previous month, according to the statistical office of the European Union, Eurostat. ...
