https://knews.kathimerini.com.cy/en/business/cyprus-achieves-first-a-level-credit-rating-in-major-milestone
Scope Ratings has upgraded Cyprus's credit rating to A- from BBB+, marking the country's first A-level rating from a major credit agency....
https://knews.kathimerini.com.cy/en/business/spike-in-suspicious-transactions-as-cyprus-freezes-over-€25-million-in-illicit-assets
Reports of suspicious transactions in Cyprus have risen sharply in 2023, reaching levels similar to those in 2021, as per a story by Kathimerini's Dorita Yiannakou....
https://knews.kathimerini.com.cy/en/news/almost-three-quarters-of-wildlife-lost-due-to-human-actions
Human activity is causing a significant decline in wildlife around the globe, according to a new report from the World Wide Fund for Nature (WWF). ...
https://knews.kathimerini.com.cy/en/news/over-1-600-domestic-violence-complaints-in-first-half-of-2024
The number of domestic violence complaints in Cyprus has steadily increased over the past five years, prompting concerns among authorities and advocates. ...
https://knews.kathimerini.com.cy/en/news/industrial-turnover-index-hits-152-7-units-in-july-2024
In July 2024, the Industrial Turnover Index reached 152.7 units (base 2021=100), recording an increase of 6.,3% compared to July 2023, according to data published by the Statistical Service on Friday....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-hike-mortgage-rates-as-new-loans-drop-by-a-third-in-august
Banks in Cyprus raised the interest rates on home loans in August, while reducing the interest rates offered on household deposits, according to data released by the Central Bank of Cyprus on Wednesday....
https://knews.kathimerini.com.cy/en/news/electricity-subsidies-and-zero-vat-on-essentials-to-end-on-october-1st
The Ministry of Finance announced today that starting October 1, 2024, it will stop the staggered electricity subsidy and the zero VAT rate on basic goods. These measures were designed to help households deal with rising costs of living....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-have-€28-7-billion-in-cash-and-liquidity
The amount of liquidity in Cyprus's banking system rose to €28.7 billion in August 2024, according to the Central Bank of Cyprus (CBC). This increase was fueled by a growth in deposits alongside a decline in loans....
https://knews.kathimerini.com.cy/en/news/cypriots-flock-to-greece-and-europe-for-october-holidays
In a report by Kathimerini's Anna Polyviou, it seems that Cypriots are already planning their next leisure trips for the 1st and 28th of October, with many taking advantage of the extended weekends for short getaways abroad....
https://knews.kathimerini.com.cy/en/news/cyprus-inflation-falls-to-2-2-in-august
Inflation in Cyprus dropped to 2.2% in August, down from 2.4% in July, matching the overall trend in the eurozone. Across the EU, inflation also fell to 2.4%, compared to 2.8% the previous month, according to Eurostat. A year ago, inflation rates were higher, with Cyprus at 3.1% and the eurozone at 5.2%....
https://knews.kathimerini.com.cy/en/news/moody-s-sees-positive-outlook-for-hellenic-bank-following-eurobank-deal
Moody’s upgraded Hellenic Bank’s credit rating to Baa2 from Baa3 on Wednesday, citing the recent acquisition of a 56% stake by Eurobank S.A. The agency also revised the bank's outlook to positive.
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https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-reduces-loan-rates-to-3-65-amid-ecb-policy-shift
The Bank of Cyprus is lowering the reference interest rate on loans linked to the European Central Bank’s (ECB) base rate, effective Sept. 18, 2024....
https://knews.kathimerini.com.cy/en/news/ecb-cuts-key-interest-rate-to-3-5-amid-slowing-inflation-and-growth-concerns
The European Central Bank (ECB) cut its key interest rate by 25 basis points to 3.5%, responding to slowing inflation in the Eurozone and concerns over weak growth. ...
https://knews.kathimerini.com.cy/en/news/cyprus-hits-record-in-residence-permits-but-sees-first-decline-in-over-a-decade
In 2023, the European Union issued a record 3.7 million first residence permits to non-EU citizens, with Cyprus issuing around 34,000 of these permits, according to Eurostat data....
https://knews.kathimerini.com.cy/en/news/ecb-set-to-cut-key-interest-rate-by-0-25-in-upcoming-meeting
The European Central Bank (ECB) is expected to reduce its key interest rate by 0.25% on Thursday, according to most economists in Greece and the Eurozone....
https://knews.kathimerini.com.cy/en/business/1-trade
Cyprus’ trade deficit dropped by 17% in the first seven months of 2024, falling to €4.31 billion compared to €5.19 billion during the same period last year, ...
https://knews.kathimerini.com.cy/en/news/oil-and-potatoes-lead-price-hikes-in-august
Olive oil and potatoes saw the steepest price increases in August 2024, according to the latest data from the Cyprus Consumer Association....
https://knews.kathimerini.com.cy/en/business/cyprus-unemployment-drops-by-8-9-in-august
The number of registered unemployed people in Cyprus dropped by 8.9% in August compared to the same month last year, according to data from the Statistical Service of Cyprus (CyStat). This marks a decrease of 1,177 people, bringing the total number of unemployed to 12,079....
https://knews.kathimerini.com.cy/en/news/cyprus-warns-of-severe-water-shortages-due-to-climate-change
Cyprus is sounding the alarm about the growing threat of water shortages in the Mediterranean region due to climate change. At a major meeting on Tuesday, Agriculture Minister Maria Panayiotou stressed that the country is a prime example of how serious the problem has become....
https://knews.kathimerini.com.cy/en/news/back-to-school-shopping-spikes-as-prices-fluctuate
in an article written by Kathimerini's Anna Polyviou, back-to-school shopping is in full swing with the new school year just around the corner. Consumers scramble to buy essentials like clothing, footwear, stationery, and school bags, taking advantage of a wide variety of products and offers to suit their needs and budgets....
https://knews.kathimerini.com.cy/en/business/hellenic-bank-s-profits-surge-amid-higher-lending-rates
Hellenic Bank, Cyprus’ second-largest lender, has had a strong start to 2024, reporting a net profit of €189 million in the first half of the year—a solid 18% increase from last year. This boost in profit is mainly due to a 30% rise in interest income, driven by higher European Central Bank (ECB) interest rates....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-illusion-of-prosperity-as-unemployment-numbers-mask-realities
In its analysis, the Central Bank of Cyprus notes that in the first quarter of 2024, unemployment fell to 6%, the lowest level since 2009....
https://knews.kathimerini.com.cy/en/news/government-revenue-boosts-cyprus-surplus-to-€702-5-million
The Republic of Cyprus recorded a significant fiscal surplus of €702.5 million for the period of January to July 2024, according to preliminary General Government fiscal results, released on Friday by the Statistical Service of Cyprus....
https://knews.kathimerini.com.cy/en/news/winds-and-sea-conditions-to-intensify-along-coastal-areas
A seasonal low-pressure system is affecting the region, bringing unstable weather conditions expected to intensify from Sunday onward....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-report-€164-7-million-deposit-increase-in-july
Total deposits in Cyprus’ banks recorded a net increase of €164.7 million in July 2024, compared with a net decrease of €44.1 million in June 2024, according to figures released on Wednesday by the Central Bank of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/comment/opinion/how-are-political-changes-affecting-turkey-s-military
Given Turkey's status as a major national security threat to our country, assessing the combat readiness of the Turkish Armed Forces (TAF) is crucial....
https://knews.kathimerini.com.cy/en/news/august-sees-deadliest-week-on-cyprus-roads-in-2024
Cyprus has seen a troubling increase in road fatalities so far this year compared to the same period last year....
https://knews.kathimerini.com.cy/en/news/cyprus-has-second-largest-decrease-in-firefighter-jobs-across-eu
The number of firefighters was cut in 12 EU member states, including Cyprus, in 2023, while Cyprus was the country with the second largest drop in the employment of firefighters that year, according to an analysis by the European Trade Union Confederation (ETUC) of EU Labour Force Survey data which was also published recently by Eurostat.
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https://knews.kathimerini.com.cy/en/news/thunderstorms-and-hail-possible-this-afternoon
Today’s weather will start mostly clear after the dissipation of local low clouds....
https://knews.kathimerini.com.cy/en/news/school-bags-in-cyprus-priced-from-€3-99-to-€209-95
The Cyprus Consumer Association is advising parents and students to be vigilant when shopping for school supplies, as a recent survey reveals a significant variation in prices across the market....
