https://knews.kathimerini.com.cy/en/news/home-prices-show-mixed-trends-in-latest-quarter
In the latest findings released by the Statistical Service, the House Price Index (HPI) has shown a mixed pattern in the fourth quarter of 2023....
https://knews.kathimerini.com.cy/en/news/banks-february-deposits-rise-by-€65-4-million
Total deposits in February recorded a significant net increase by €65.4 million following a decrease of €366.0 million in the previous month......
https://knews.kathimerini.com.cy/en/news/cyprus-industrial-output-soars-with-4-2-surge
Cyprus’ Industrial Production Index surged to 99.5 units (base year 2021=100), marking an annual increase of 4.2% compared to the same period in 2023, according to data released on Thursday by the Statistical Service of Cyprus.
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https://knews.kathimerini.com.cy/en/business/business-loans-drop-home-loans-steady
The Central Bank of Cyprus reported on Wednesday that the net demand for corporate loans continued to decrease in the last quarter of 2023, marking a consistent downward trend since the first quarter of 2022, although at a slower pace than anticipated earlier in the year....
https://knews.kathimerini.com.cy/en/news/cyprus-economic-resilience-earns-high-credit-rating-confirmation
International rating agency Morningstar DBRS has confirmed Cyprus’ BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks.
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https://knews.kathimerini.com.cy/en/news/cyprus-ends-fuel-tax-break-prices-set-to-spike-from-april-1st
Starting April 1st, the reduced consumption tax on fuels (95-octane gasoline and diesel) will come to an end, reverting to 8.3 cents per liter for gasoline and 6.3 cents per liter for heating oil....
https://knews.kathimerini.com.cy/en/business/prices-on-the-rise
The Consumer Protection Agency has released its latest report on product prices for February 2024, focusing on 250 key consumer items sold across 400 stores nationwide. ...
https://knews.kathimerini.com.cy/en/news/unexpected-pregnancies-reported-among-weight-loss-drug-users
The rise in unexpected pregnancies among women taking weight loss medications like Ozempic and Mounjaro has caught attention, with many sharing their experiences on social media platforms like Facebook, Reddit, and TikTok, ...
https://knews.kathimerini.com.cy/en/news/cyprus-construction-costs-fall-2-23-in-2024
Price Index of Construction Materials in Cyprus recorded an annual decline of 2.23% in the first two months of 2024, reflecting the de-escalation path......
https://knews.kathimerini.com.cy/en/news/methamphetamine-use-in-cyprus-under-scrutiny
A pan-european Wastewater Analysis Survey shows that there is a significant use of methamphetamine in Cyprus, but there are lower levels of use than the European average for other substances.
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https://knews.kathimerini.com.cy/en/business/cyprus-embraces-global-investment-with-its-bond-market-debut
In April 2024, the Republic of Cyprus is gearing up to enter the international bond markets, intending to issue a Euro Medium Term Note (EMTN) bond worth 1 billion euros....
https://knews.kathimerini.com.cy/en/news/cyprus-and-eu-allies-forge-€7-4b-deal-with-egypt-to-transform-energy-landscape
European Union and Egyptian leaders joined forces on Sunday to sign a substantial €7.4 billion financial package aimed at bolstering Egypt's economy, enhancing energy trade with Europe, and addressing irregular migrant flows....
https://knews.kathimerini.com.cy/en/news/cyprus-launches-program-for-children-with-behavioral-challenges
Cyprus is launching a pilot program in September for alternative schooling for children with extreme behavioral issues, the Education Minister said Friday....
https://knews.kathimerini.com.cy/en/news/sunshine-showers-and-serenity
Expect a partly cloudy day with occasional clouds passing by. Isolated showers and brief thunderstorms are likely, particularly in the western and northern regions initially, spreading gradually to mountainous areas and the eastern half of the island. ...
https://knews.kathimerini.com.cy/en/news/zero-emission-buildings-by-2030
In a bid to combat climate change, the European Parliament has approved a plan to make buildings more energy-efficient and eco-friendly. The revised Energy Performance of Buildings Directive,...
https://knews.kathimerini.com.cy/en/business/the-ripple-effect-of-houthi-attacks-on-cyprus-maritime-industry
From super yachts to shipping giants, the Houthi insurgency's impact and sparking a call for global unity.
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https://knews.kathimerini.com.cy/en/news/cyprus-a-familiar-economic-space-for-greece
In an interview conducted by Kathimerini reporter Panayiotis Rougalas, Greece's Central Bank Governor, Mr. Yiannis Stournaras, sheds light on various aspects of the country's monetary policy and economic landscape....
https://knews.kathimerini.com.cy/en/news/cyprus-sees-45-rise-in-vehicle-registrations
Vehicle registrations increased by 45.0% in January-February 2024, according to the Statistical Service of Cyprus report "Registration of Motor Vehicles" for the period January-February 2024....
https://knews.kathimerini.com.cy/en/news/unemployment-rate-drops-while-inflation-inches-up
The latest data from the Cyprus Statistical Service reveals a positive shift in the country's economic landscape, with the unemployment rate falling to 5.9% in the fourth quarter of 2023, compared to 6.9% in the same period the previous year....
https://knews.kathimerini.com.cy/en/news/hotel-industry-faces-backlash-over-residence-fees
The inclusion of a residence tax within the framework of the green tax reform, affecting hotels, tourist accommodations, and Airbnb, is expected to trigger reactions within the hotel industry....
https://knews.kathimerini.com.cy/en/news/kedipes-preps-for-major-loan-sell-off-boosting-cyprus-banks
In a strategic move to streamline its assets, KEDIPES is gearing up to offload a second batch of performing loans, hot on the heels of its €58 million deal with the Bank of Cyprus....
https://knews.kathimerini.com.cy/en/news/job-market-improves-and-industrial-sector-grows
In good news for Cyprus, the latest data from the Cyprus Statistical Service (CyStat) reveals a positive trend in the job market. In February 2024, the number of people registering as unemployed dropped by 13.8%...
https://knews.kathimerini.com.cy/en/news/deposit-rates-down-mortgage-rates-up
Deposit interest rates dropped in January, whereas lending rates rose except interest rates for consumer lending, according to data published by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/news/inflation-and-new-markets-propel-spending-close-to-€3-billion-in-2023
Just before the end of last summer, economic analysts' projections for 2023 tourism revenue were nearing a record close to €3 billion. ...
https://knews.kathimerini.com.cy/en/news/cyprus-real-estate-market-holds-steady-at-€5-5bn-in-2023
The Cypriot real estate market demonstrated remarkable resilience and flexibility during 2023 and the total value of transactions reached €5.5bn, which appears to be at the same levels as in 2022, a press release by PwC Cyprus says....
https://knews.kathimerini.com.cy/en/news/government-celebrates-approval-of-migration-deputy-ministry-bill
''Today is a milestone for our country'' said the Minister of the Interior, Constantinos Ioannou, on Thursday, welcoming the approval of the bill......
https://knews.kathimerini.com.cy/en/news/cypriots-saving-less-as-loan-numbers-fluctuate
In January 2024, the total deposits in Cyprus reached €51.9 billion, experiencing a net decrease of €366.0 million compared to the previous month....
https://knews.kathimerini.com.cy/en/news/cyprus-economic-mood-sours-in-february
In February 2024, economic sentiment in Cyprus witnessed a decline, with the Economic Sentiment Indicator (ESI-CypERC) dropping by 2.1 points compared to January, according to the University of Cyprus Economics Research Center....
https://knews.kathimerini.com.cy/en/news/asylum-appeals-in-cyprus-skyrocket-to-472
A dramatic increase of 472% in appeals before the Administrative Court of International Protection by asylum seekers and foreigners has been reported between 2020 and 2023,...
https://knews.kathimerini.com.cy/en/business/hellenic-bank-posts-impressive-2023-profit-of-€365-4-million
Hellenic Bank reported a substantial profit of €365.4 million for the year 2023, marking a significant upswing from €21.8 million in 2022. The Return on Tangible Equity (ROTE) for 2023 soared to 28.7%, a stark contrast to the 2.0% recorded in 2022....
