https://knews.kathimerini.com.cy/en/business/banks-record-fewer-bounced-checks-in-may
The number of bounced checks in Cyprus saw a significant drop in May 2024 compared to the same month last year, according to data released by the Central Bank of Cyprus on Tuesday....
https://knews.kathimerini.com.cy/en/business/profits-soared-in-cyprus-banking-sector-in-2023
The Cyprus banking sector experienced a significant surge in profitability by the end of 2023, as indicated by key financial indicators from the Central Bank of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/news/turkey-grapples-with-stray-dog-crisis
Dogs rush over and greet Nilgul Sayar when she arrives by car to feed them in the countryside near Istanbul, one of many Turks with affection for Turkey’s estimated four million stray dogs, whose fate now lies in the government’s hands....
https://knews.kathimerini.com.cy/en/news/cbc-reports-€209-1m-increase-in-deposits-for-april
Total deposits have recorded a monthly rise for the third consecutive month in April, as total loans dropped after two months of growth....
https://knews.kathimerini.com.cy/en/news/most-affordable-unleaded-95-prices-found-in-nicosia
Fuel prices have recently experienced a slight decrease, offering relief to consumers who have been grappling with consecutive price hikes, straining their wallets....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-non-performing-loans-drop-to-lowest-level-in-years
Total non-performing loans (NPLs) to banks have dropped below €2 billion, specifically to €1.9 billion. ...
https://knews.kathimerini.com.cy/en/news/ecb-to-implement-first-interest-rate-cut
The European Central Bank (ECB) is poised to execute its much-anticipated rate cut, scheduled to take effect on Thursday, June 6, 2024....
https://knews.kathimerini.com.cy/en/news/cyprus-ship-management-revenue-up-despite-global-challenges
Revenue from Cyprus' ship management industry rose by 2.4% in the second half of 2023, despite facing significant global challenges such as rising freight costs and geopolitical tensions, including disruptions in the Red Sea by Houthi forces....
https://knews.kathimerini.com.cy/en/news/where-can-we-get-fuel-at-lower-prices
As the economic landscape continues to evolve, one sector offers a glimmer of relief: fuel prices. In a conversation with petrol station owner Kyriakos Louka, ...
https://knews.kathimerini.com.cy/en/business/over-4-000-fewer-unemployed-in-cyprus
Cyprus is rejoicing as the latest figures from the Statistical Service of Cyprus (Cystat) reveal a significant boost in its labor market, with the unemployment rate plummeting to a joyful 6% in the first quarter of 2024....
https://knews.kathimerini.com.cy/en/news/half-of-cypriots-find-starting-a-business-easy-survey-shows
Half of Cypriots consider starting a business easy, and more than half believe they possess the necessary skills for successful entrepreneurship, according to the 'Global Entrepreneurship Monitor' (GEM) survey results presented at the University of Cyprus on Friday....
https://knews.kathimerini.com.cy/en/news/april-2024-sees-decline-in-construction-costs-by-1-57
The Construction Materials Price Index in Cyprus decreased by 1.57% in April 2024 compared to the same month in the previous year, according to the Statistical Service of Cyprus....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-earns-€133-million-in-profits
The Bank of Cyprus has announced a robust profit of EUR 133 million for the first quarter of 2024, marking a significant increase from EUR 95 million in the same period last year....
https://knews.kathimerini.com.cy/en/news/cypriot-banks-set-to-exceed-2023-s-record-profits-in-2024
Cypriot banks are maintaining a low profile, but it's expected that 2024 will bring in higher profits compared to the record-breaking figures of 2023. ...
https://knews.kathimerini.com.cy/en/news/hoteliers-express-concern-over-slowdown-in-summer-bookings
The chair of the Cyprus Hotel Association (PASYXE), Thanos Michaelides, expressed concerns over a summer slowdown in bookings, fearing that 2024 might end with fewer reservations compared to last year. ...
https://knews.kathimerini.com.cy/en/news/almost-253-000-euros-in-bounced-cheques-in-early-2024
Cyprus grapples with a surge in bounced cheques, as revealed by recent data from the Central Bank of Cyprus. The total value of these unreliable transactions skyrocketed to 252,988 euros in the first four months of 2024, marking a concerning trend in financial instability....
https://knews.kathimerini.com.cy/en/news/home-prices-surge-in-q4-2023
House prices in Cyprus continued their upward trajectory in the fourth quarter of 2023, with apartment prices being the primary driving force, as per a report released by the Central Bank of Cyprus on Tuesday....
https://knews.kathimerini.com.cy/en/news/1-isolated-showers-and-thunderstorms
A weak low pressure system is influencing weather patterns across Cyprus, resulting in fluctuating conditions over the next few days....
https://knews.kathimerini.com.cy/en/news/clear-skies-clouds-and-a-chance-of-showers
Prepare for a weekend of weather intrigue as we unravel the atmospheric tapestry set to unfold across our region. From clear skies peppered with wispy clouds to the chance of showers and thunderstorms, each day promises its own meteorological tale....
https://knews.kathimerini.com.cy/en/business/household-deposit-rates-surge-as-home-buying-loan-rates-dip
In March 2024, the financial landscape in Cyprus saw some interesting shifts, according to data released by the Central Bank of Cyprus. Here's a breakdown of what happened:...
https://knews.kathimerini.com.cy/en/news/ecb-maintains-€6-76-billion-worth-of-cypriot-government-bonds
The value of Cypriot government bonds held by the European Central Bank remained steady at €6.76 billion by the end of April. This is part of the ECB's efforts to scale back its holdings and control inflation....
https://knews.kathimerini.com.cy/en/news/cyprus-media-and-language-sector-shrinks-while-eu-expands
The number of people working as authors, journalists or linguists in the EU increased by 9.1% in 2022 compared to 2017, while in Cyprus the number......
https://knews.kathimerini.com.cy/en/business/cyprus-unemployment-falls-to-6-similar-to-eu-average
Unemployment in Cyprus dipped to 6% in March, aligning with the EU average and staying below the eurozone average of 6.5%, as per data disclosed by Eurostat, the EU's statistical office, on Friday....
https://knews.kathimerini.com.cy/en/news/eac-chairman-george-petrou-dives-into-energy-storage-advancements
George Petrou, the newly appointed chairman of the Electricity Authority of Cyprus (EAC), faces a daunting task as he takes the helm during a turbulent......
https://knews.kathimerini.com.cy/en/news/dust-and-showers-expected-in-cyprus-through-holy-week
Cyprus is bracing for dusty conditions and intermittent showers leading up to Holy Week, according to the country's Meteorological Service.
...
https://knews.kathimerini.com.cy/en/news/consumer-agency-reports-stable-easter-prices-with-some-increases
Prices of 18 Easter products are holding steady at last year's levels, with some exceptions showing significant increases, according to findings from the Consumer Protection Agency under the Ministry of Energy, Trade, and Industry....
https://knews.kathimerini.com.cy/en/news/cyprus-reports-€133-1-million-increase-in-march-loans
In March, both total deposits and loans saw an upward trend, with liquidity (the difference between loans and deposits) exceeding €27 billion, according to statistics on deposits and loans from Monetary Financial Institutions published today by the Central Bank of Cyprus.
...
https://knews.kathimerini.com.cy/en/business/€182m-deal-marks-hellenic-s-strategic-move-into-insurance-sector
CNP Cyprus, the subsidiary of the French insurance giant CNP Assurances, is finally being transferred to Hellenic Bank for €182 million....
https://knews.kathimerini.com.cy/en/news/new-investment-frontier-opens-for-citizens
Citizens now have access to and can invest in bonds issued by the Republic of Cyprus. In a recent auction by the Public Debt Management Office......
https://knews.kathimerini.com.cy/en/news/police-seek-testimonies-in-34-year-old-s-shooting
The investigation into the attempted murder of a 34-year-old continues at a brisk pace by the investigative team of the Nicosia Police Department.
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