https://knews.kathimerini.com.cy/en/news/euroasia-interconnector-loan-denied-by-european-investment-bank
The European Investment Bank will not approve a loan for financing the electricity interconnection project between Cyprus, Greece, and Israel through the EuroAsia Interconnector, as confirmed by a representative from the EIB in an interview with "K" magazine....
https://knews.kathimerini.com.cy/en/news/naked-man-creates-commotion-in-nicosia
In a shocking turn of events, a 35-year-old man of African descent caused significant unrest when he was observed walking completely naked in the bustling center of the capital on Monday, June 26. ...
https://knews.kathimerini.com.cy/en/news/self-service-kiosks-to-capture-fingerprints
According to a report from Greek City Times, a recent development in travel regulations will require holidaymakers visiting EU countries, including popular destinations like France, Spain, Greece, Turkey, and Italy, to provide their fingerprints....
https://knews.kathimerini.com.cy/en/business/cyprus-slips-in-global-competitiveness-rankings-for-third-consecutive-year
Cyprus has experienced a decline in its global competitiveness for the third consecutive year, dropping from the 40th position to the 45th out of 64 countries in the IMD World Competitiveness Center rankings....
https://knews.kathimerini.com.cy/en/business/rights-violations-raise-concerns-amid-sanctions
The Pancyprian Bar Association has expressed growing concerns over the violation of fundamental rights of both individuals and legal entities affected by the recent restrictive measures and sanctions imposed on April 12, 2023....
https://knews.kathimerini.com.cy/en/news/consumers-cutting-back-on-non-essential-items-as-cost-of-living-rises
As the cost of living crisis continues to rise globally, consumers have drastically adjusted their spending behaviors, with the majority (53%) of global consumers “holding back” on non-essential spending. ...
https://knews.kathimerini.com.cy/en/news/lawyer-says-station-master-devastated-after-deadly-crash
The station master who faces manslaughter in Greece’s deadly rail collision is devastated and accepts responsibility, says his lawyer, while pointing out that others are also responsible for the disaster...
https://knews.kathimerini.com.cy/en/news/death-toll-rises-to-57-in-tempe-tragedy
The death toll from the tragedy in Tempe has risen to 57, according to statements by Rubini Leontari, head of the forensic service of Larissa....
https://knews.kathimerini.com.cy/en/news/dozens-of-complaints-about-elderly-patients-tied-up-and-denied-food-or-water
The head of the Cyprus Federation of Patients' Associations (CPA), Marios Kouloumas, has revealed dozens of complaints about elderly patients in hospitals being neglected....
https://knews.kathimerini.com.cy/en/business/ey-presents-report-on-the-future-of-banking-in-cyprus
The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...
https://knews.kathimerini.com.cy/en/business/pwc-survey-seven-out-of-ten-ceos-are-pessimistic-about-2023
According to the 26th Annual Global CEO Survey conducted by PwC between October and November 2022, nearly three-quarters (73%) of respondents expect global economic growth to slow over the next 12 months....
https://knews.kathimerini.com.cy/en/comment/opinion/looking-ahead-to-2023-house-prices-in-cyprus
The end of 2021 saw Europe’s and Cyprus’ economies gradually recovering from the two-year rollercoaster ride of lockdowns, the stock market at record highs, and inflation increasing....
https://knews.kathimerini.com.cy/en/news/finance-ministry-cyprus-economy-will-not-enter-a-recession
There will be a significant slowdown in economic activity next year, we will be affected by increased energy prices and borrowing costs, but "inflation in Cyprus is being reined in at lower levels" compared to other European member states, ...
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/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/metsola-europe-s-bloc-is-made-stronger-by-the-discovery-of-so-much-natural-gas-in-your-country
In anticipation of Roberta Metsola's visit to Cyprus on September 9th, Kathimerini's George Kakouris sits down with the European Parliament President and gets her take on the Cyprus problem, recently discovered natural gas reserves and the issue behind Cyprus' "golden passport" scandal....
https://knews.kathimerini.com.cy/en/news/what-is-causing-the-unexpected-drop-in-global-food-prices
Six months after Russia's invasion of Ukraine, the inflationary shock is still causing a "headache" for markets, government staff and households, with the price of natural gas hitting new record levels yesterday....
https://knews.kathimerini.com.cy/en/business/foreign-direct-investment-in-europe-a-game-of-two-halves-current-volatility-impacts-strategy-while-long-term-appeal-instills-confidence
Europe’s attractiveness for FDI has shown signs of recovery following the COVID-19 pandemic with a 5% increase in the number of projects announced in 2021 compared to 2020, according to the latest annual EY European Attractiveness Survey....
https://knews.kathimerini.com.cy/en/news/lufthansa-ground-staff-strike-for-higher-pay-amid-inflation
Ground staff at Deutsche Lufthansa went on strike early Wednesday, prompting the cancellation of more than 1,000 flights, and adding to travel disruptions during the busy summer travel season....
https://knews.kathimerini.com.cy/en/news/europe-agrees-to-compromise-deal-on-gas-rations-as-russia-squeezes-supply
European Union governments agreed Tuesday to ration natural gas this winter to protect themselves against any further supply cuts by Russia as Moscow pursues its invasion of Ukraine....
https://knews.kathimerini.com.cy/en/news/european-nations-asked-to-immediately-start-rationing-natural-gas
To avoid energy shortages that would stall economic growth and leave households cold in the winter as Russia weaponizes its gas exports, European countries should immediately start rationing use of the fuel, the European Commission said on Wednesday, and cut their use 15 percent until next spring....
https://knews.kathimerini.com.cy/en/news/eu-leaders-tackle-inflation-energy-shocks-from-russia-s-war
A day after endorsing Ukraine’s candidacy to join the European Union, the bloc’s leaders turned their attention Friday to the severe economic turbulence looming over the coming months as the full impact of Russia’s war sinks in and the threat of recession rises....
https://knews.kathimerini.com.cy/en/news/staff-shortages-lead-to-travel-chaos-at-european-airports
Even though the COVID-19 travel restrictions have already been lifted in the majority of European Union states, travellers continue facing other inconveniences at European airports....
https://knews.kathimerini.com.cy/en/news/ec-projects-economic-slowdown-and-rising-inflation-for-cyprus
The European Commission has revised its economic projections for Cyprus citing a downward trend due to the effects of Russia’s invasion of Ukraine and the associated sanctions against Moscow on the island’s tourist and services sector....
https://knews.kathimerini.com.cy/en/news/eu-creates-platform-for-members-to-jointly-buy-non-russian-gas
The European Union has launched a platform for European Union countries to jointly buy gas and liquefied natural gas as they seek to cut reliance on Russian fuels and build a buffer against supply shocks....
https://knews.kathimerini.com.cy/en/news/lagarde-cyprus-will-be-affected-by-inflation-and-rising-energy-costs
Cyprus will be affected by inflationary pressures and higher energy costs due to its dependence on oil imports for electricity generation, according to European Central Bank President Christine Lagarde....
https://knews.kathimerini.com.cy/en/business/overcoming-talent-crunch-and-supply-chain-upheaval-among-biggest-success-indicators-for-tech-in-2022
Increased volatility rising out of the evolving COVID-19 pandemic has led to a reshuffling of priorities for the global technology industry....
https://knews.kathimerini.com.cy/en/news/op-ed-fertilizer-inflation-presages-a-global-food-supply-crisis
We know that the war in Ukraine has led to sharp increases in prices for both food and fuel. This in turn has sparked concern that we may see a repeat of the famine and food riots that took place in 22 countries in the years following the global financial crisis, caused by a perfect storm of rising commodities prices....
https://knews.kathimerini.com.cy/en/news/thirty-million-people-in-13-cities-are-put-into-covid-lockdown-in-china
Thirty million people in 13 cities across China have been put back into a Covid-19 lockdown with hazmat-wearing officials back on the streets on a scale not seen since the pandemic began....
https://knews.kathimerini.com.cy/en/news/finance-minister-concerned-over-rising-energy-and-grain-prices
Finance Minister Constantinos Petrides said today that he is concerned about the rising prices of grain and energy and the possibility of 'stagflation', but excluded the possibility of the Cypriot economy slipping into recession....
