https://knews.kathimerini.com.cy/en/news/economic-sentiment-in-cyprus-deteriorates-slightly-in-november
In November 2022, economic sentiment in Cyprus deteriorated slightly, as the Economic Sentiment Indicator decreased by 0.5 points compared with October 2022, according to the Business and Consumer Survey by the University of Cyprus...
https://knews.kathimerini.com.cy/en/business/small-number-of-banks-meeting-new-loan-demand
The net demand for loans from businesses in Cyprus decreased in the third quarter of 2022, and banks anticipate a similar decline in the net demand for loans from businesses and households in all loan categories in the fourth quarter of 2022 compared to the third quarter.
...
https://knews.kathimerini.com.cy/en/business/more-routes-and-airline-seats-for-the-winter
The announcements by Ryanair in the morning and Wizz Air on Monday afternoon to increase the fleet at Cypriot airports and add new routes clearly pleased Hermes Airports and the tourism industry in general,...
https://knews.kathimerini.com.cy/en/business/petrides-the-casino-will-attract-hundreds-of-thousands-of-tourists
The government is handing over a modern, more dynamic tourism product that has the capacity to further develop, said on Tuesday Finance Minister Constantinos Petrides in addressing the 44th Cyprus Hotel Summit and Exhibition organized by the Hoteliers’ Association....
https://knews.kathimerini.com.cy/en/business/cypriot-registered-ships-decrease-by-21-due-to-sanctions
A large number of tankers that previously sailed under European Union flags, such as Cyprus and Malta’s, are leaving those registers as a result of the sanctions on Russian oil transportation....
https://knews.kathimerini.com.cy/en/business/anastasiades-reduction-of-tender-offers-not-due-to-lack-of-trust
There has been an acceleration of the growth rate of public investments, Cyprus President, Nicos Anastasiades, said on Friday, upon receiving the annual report of the Tenders Review Authority from its Chairwoman, Efi Papadopoulou....
https://knews.kathimerini.com.cy/en/business/boc-profits-for-first-nine-months-gobbled-up-by-voluntary-retirement-plan
The bank reported 9 million euro losses following the summer departure of 550 employees, which cost it 104 million....
https://knews.kathimerini.com.cy/en/news/ftx-s-european-operations-suspended-indefinitely
The company is taking a wait-and-see approach until further notice in order to deal with FTX International and the more than $8 billion hole it has created...
https://knews.kathimerini.com.cy/en/news/temporary-hiring-boosts-government-employment-by-0-5-year-on-year-in-october
Total government employment in Cyprus rose by 0.5% year on year in October reaching 53,271 persons compared to 53,008 persons in October last year....
https://knews.kathimerini.com.cy/en/business/slower-economic-growth-expected-towards-end-of-year
The Cypriot economy is expected to slow down towards the end of 2022 after growing steadily during the first half of the year, according to the chapter on Cyprus from the European Commission’s Autumn 2022 Economic Forecast which was presented on Friday by Commissioner for the Economy Paolo Gentiloni....
https://knews.kathimerini.com.cy/en/news/tomatoes-and-potatoes-now-regarded-as-luxury-items
The Consumer Protection Agency published the retail prices of basic consumer goods on Friday with a reference date of 9/11/2022. The retail prices show significant price increases for potatoes and tomatoes and price decreases for some fish and legumes....
https://knews.kathimerini.com.cy/en/business/slump-in-car-sales-recorded-in-october
Total car sales dropped significantly in October 2022 compared with the month before mainly due to the steep drop in passenger saloon cars....
https://knews.kathimerini.com.cy/en/news/private-health-insurance-coverage-declined-by-20-due-to-gesy
Predictions of a drop in private health insurance coverage following the implementation of the second phase of the General Health Plan were slow to emerge....
https://knews.kathimerini.com.cy/en/news/coronavirus-flu-and-rsv-the-trifecta-of-winter-woes
Despite the marked improvement in our country's epidemiological picture, with pandemic indicators showing a decline, experts are not complacent, with the arrival of winter being viewed as particularly pivotal....
https://knews.kathimerini.com.cy/en/news/eurostat-electricity-prices-up-by-32-in-cyprus
In the first half of 2022, average household electricity prices in the European Union increased sharply compared with the same period in 2021, from 22.0 euros per 100 kWh to 25.3 euros per 100 kWh, according to data released by Eurostat, the statistical service of the EU....
https://knews.kathimerini.com.cy/en/news/household-debt-in-cyprus-was-81-of-gdp-in-june
Household debt stood at EUR 20.1 billion at the end of June 2022, with the relevant debt ratio standing at 81% of GDP, a slight decrease compared to the previous quarter due to GDP growth....
https://knews.kathimerini.com.cy/en/news/cyprus-s-economic-sentiment-improved-in-october-as-a-result-of-services-and-retail-trade
In October 2022, economic sentiment in Cyprus improved as the Economic Sentiment Indicator (ESI-CypERC) increased by 0.4 points compared with September 2022....
https://knews.kathimerini.com.cy/en/business/slight-decrease-of-tourist-beds-in-the-eu-in-2021-cyprus-remained-stable
According to data released by Eurostat, the EU's statistical service, the number of guest rooms in tourist accommodations across the EU decreased slightly in 2021 compared to 2019 but remained stable compared to 2020....
https://knews.kathimerini.com.cy/en/news/more-people-continue-to-seek-asylum-in-the-eu
A total of 66,545 first-time asylum applications for international protections were filed by non-EU citizens in the European states in July – 265 more than in the previous months, scoring an increase of 0.4 percent....
https://knews.kathimerini.com.cy/en/news/op-ed-wim-van-aken-talks-recession-and-the-predictions-for-cyprus
We are facing a double shock. First, we had the Covid-19 shock and now the global and European economies are facing a new shock with the war in Ukraine. Both events are unprecedented for many of us....
https://knews.kathimerini.com.cy/en/news/bank-deposits-climb-to-a-nine-year-high
Deposits in the Cypriot banking system climbed to a nine-year high in September, while total loans continued their downward path, declining in a five-month low, boosting liquidity in the system to over €23 billion....
https://knews.kathimerini.com.cy/en/business/workplace-accidents-decreased-in-2020-but-severity-of-nearly-50-not-specified
In 2020, almost 2.7 million non-fatal work accidents resulted in workers being absent from work for four days or more in the EU, while 3,355 work-related accidents were fatal, according to data released by Eurostat, the European Union’s statistical service....
https://knews.kathimerini.com.cy/en/news/which-products-were-most-affected-by-the-barrage-of-price-increases
Aside from fuel and electricity, shopping, particularly for necessities, is high on the list of concerns for all households. Prices in various product categories have risen, making life even more difficult for consumers, and the outlook is bleak at the moment....
https://knews.kathimerini.com.cy/en/business/youth-unemployment-in-cyprus-in-2021-at-14-2-compared-to-13-across-the-eu
The youth (people aged 15–29 years) unemployment rate in the European Union fell to 13.0% in 2021, from 13.3% in 2020, according to data released by Eurostat, the statistical service of the European Union....
https://knews.kathimerini.com.cy/en/news/are-milk-meat-and-coffee-still-affordable
According to the Consumer Protection Service's Price Observatory, price increases of up to 21% and price decreases of up to 13% were observed between September 14 and October 12....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-cyprus-is-bursting-like-a-fat-guy-out-of-his-leotard
Cyprus’ changing demographics are causing havoc to the real estate market, accentuating socio-economic imbalances and creating polarised communities. A bit dramatic? Let’s see....
https://knews.kathimerini.com.cy/en/news/banking-sector-to-cut-600-more-employees
The number of employees in the Cypriot banking sector will have been reduced further by the end of 2022. By the end of this year, 600 bank employees will have left the company, while about 50 will have been transferred to a similar but non-banking sector....
https://knews.kathimerini.com.cy/en/news/0-4-increase-in-employment-in-september-2022
In September 2022 total government employment increased by 193 persons, or 0.4% in comparison to the corresponding month of 2021 and reached 52,601 persons, according to the Statistical Service of Cyprus. ...
https://knews.kathimerini.com.cy/en/business/trade-deficit-increased-by-€1-5-bln-in-first-8-months-of-2022
The trade deficit increased by €1.5 billion in the period from January to August 2022, compared to the same period of 2021, according to provisional data issued by the Statistical Service of Cyprus for August 2022. The deficit was €5,120.1 million in January-August 2022, which increased from €3,587.5 in January-August 2021....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-merchants-of-death
People trafficker. A profitable “profession.” A high-risk profession, of course, because the business may sink. In this case, literally. Then 18, 50, 100 lives could be lost, including small children....
