https://knews.kathimerini.com.cy/en/news/pwc- 5-2-billion-in-real-estate-transactions in-2022
Transaction volumes in the real estate and land development sector have surpassed those of 2019. According to the most recent PwC Cyprus publication, the total value of transactions in 2022 will reach €5.2 billion,...
https://knews.kathimerini.com.cy/en/news/government-strengthens-its-stance-against-gender-based-violence
Cyprus is taking another step towards strengthening the framework for effective prevention and battling of violence against women, with the approval by the Cabinet of two important proposals....
https://knews.kathimerini.com.cy/en/news/sales-to-foreign-buyers-hit-16-year-high
During January 2023 foreign buyers deposited 594 contracts of sale at Land Registry offices across the island. Moreover, these accounted for 54% of all sales; the first time since 2007 that the number of foreign sales has exceeded domestic sales....
https://knews.kathimerini.com.cy/en/news/death-toll-surpasses-11-000-as-erdogan-visits-quake-ravaged-areas
President Recep Tayyip Erdoğan has visited the region of southern Turkey devastated by this week’s earthquake as the death toll rose above 11,000 and acknowledged that his government faced problems getting aid to victims....
https://knews.kathimerini.com.cy/en/news/top-putin-ally-threatening-to-invade-poland
Ramzan Kadyrov, a key ally of Russian President Vladimir Putin, has begun rattling off threats about attacking Poland after Ukraine....
https://knews.kathimerini.com.cy/en/news/syrian-dad-regrets-tough-stance-on-daughter-s-hijab
A judge in Limassol has sentenced a man from Syria and his wife on assault and psychological violence, following a complaint filed by their daughter who broke the family’s hijab wearing rules...
https://knews.kathimerini.com.cy/en/news/eurostat-cyprus-had-the-highest-stock-of-npl-s-in-2021
In 2021, Cyprus remained the country with the highest stock of non-performing loans (assets) of the general government, at 20.2% of GDP, according to data released by Eurostat, the statistical service of the EU....
https://knews.kathimerini.com.cy/en/news/cbc-household-debt-at-77-of-gdp
The household debt ratio stood at 77% of the Gross Domestic Product (GDP) at the end of September 2022, marking a slight decrease compared to the previous quarter, due to the increase in GDP, according to data published by the Central Bank of Cyprus on its website on Tuesday, in the "Quarterly Financial Accounts" edition, for the reporting quarter ending September 2022. ...
https://knews.kathimerini.com.cy/en/business/herodotou-calls-for-increased-vigilance-to-avert-private-debt-defaults
Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) called for the preservation of fiscal space, as the economic prospects are deteriorating due to Russia’s war in Ukraine....
https://knews.kathimerini.com.cy/en/business/tech-companies-calling-for-employee-naturalizations-after-5-years
Following the 2023 Presidential Elections and the resumption of the meetings of the House of Representatives, ICT companies will begin "pushing" for the right to apply for naturalization after 5 years of residence and work in the Republic of Cyprus,...
https://knews.kathimerini.com.cy/en/news/greek-pm-says-we-will-not-go-to-war-with-turkey
Greek Prime Minister Kyriakos Mitsotakis said Thursday he still believes it is possible to resolve his country’s differences with Turkey by speaking with Turkey’s president, and stressed that the two neighbors will not go to war...
https://knews.kathimerini.com.cy/en/news/berlin-we-will-send-tanks-to-ukraine-if-the-us-does-the-same
Berlin will send German tanks to Ukraine if the United States acts accordingly, a German government official said on Thursday, according to Reuters, as NATO allies search - partly unsuccessfully - for common ground on arming Kyiv, with Leopards taking center stage....
https://knews.kathimerini.com.cy/en/news/china-s-population-shrinks-for-first-time-in-60-years
China's population fell last year for the first time in six decades, a historic turn that is expected to mark the start of a long period of decline in its citizen numbers with profound implications for its economy and the world....
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/news/un-chief-sees-no-common-ground-in-divided-cyprus
UN Secretary-General Antonio Guterres' report on the United Nations Peacekeeping Force in Cyprus, released on Wednesday night as an official document of the Security Council, number S/2023/3, records the lack of common ground between the two sides for peace talks leading to a mutually agreeable solution...
https://knews.kathimerini.com.cy/en/business/dispute-resolution-services-a-more-cost-effective-way-to-resolve-issues
Going to court to resolve a dispute between a consumer and a business is not always necessary. There are alternatives that are less time-consuming and less expensive than legal action and can provide very effective solutions. ...
https://knews.kathimerini.com.cy/en/news/supermarkets-bet-on-their-own-private-labeled-products
Consumers are turning to private label and exclusive import products to combat inflationary pressures on consumer goods in supermarkets....
https://knews.kathimerini.com.cy/en/news/cyprus-wrestles-with-decision-on-china-measures
Cypriot health officials are meeting on Tuesday to sift through data before deciding on possible COVID measures on travelers from China, but the task is made more difficult by criticism from a local expert and a new variant sweeping through the West...
https://knews.kathimerini.com.cy/en/business/cyprus-national-minimum-wage-takes-effect-on-first-day-of-2023
National Minimum Wage in effect in Cyprus for the first time in January...
https://knews.kathimerini.com.cy/en/business/cyprus-to-impose-a-minimum-15-tax-on-multinational-corporations
Cyprus Ministry of Finance said on Friday it will introduce a 15% minimum corporate tax rate on multinational and domestic groups or companies with a combined annual turnover of at least €750 million while examining ways to mitigate any possible adverse impact on the Cypriot economy....
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/comment/opinion/the-fall
The tale of Eva Kaili is a metaphor for the glitzy, quick ascent to power in politics and the ultimate fall from grace brought on by dishonesty. After all, a corrupt politician is one who has been bribed by the state or a private individual....
https://knews.kathimerini.com.cy/en/news/andreas-polemitis-has-died-at-the-age-of-80
The academic world is saddened tonight over the death of Dr. Andreas Polemitis who died after a four-week battle with COVID. ...
https://knews.kathimerini.com.cy/en/news/€5-4-million-grant-from-switzerland-for-integration-projects
The Minister of Finance, Constantinos Petrides and the Swiss Ambassador to Cyprus, Christoph Burgener signed on Monday the Framework Agreement by which Cyprus will receive a grant of €5.4 million for the implementation of projects in the area of Cohesion....
https://knews.kathimerini.com.cy/en/news/eu-welcomes-croatia-while-bulgaria-and-romania-will-have-to-wait
Croatia will officially become the newest member of the European Union’s borderless area of Schengen on January 1, 2023, the European Union has confirmed....
https://knews.kathimerini.com.cy/en/news/the-2023-budget-in-the-vortex-of-the-elections
The government of President Anastasiades has just submitted its final budget, for 2023. DISY will undoubtedly support the budget, but it will be interesting to see what position it will take if and when the polls are confirmed....
https://knews.kathimerini.com.cy/en/news/german-police-arrest-25-right-wing-extremists-over-alleged-coup-plot
German police have uncovered an alleged rightwing plot to storm the Bundestag and overthrow the government, in a case that highlights the threat posed to western states by far-right extremism turbocharged by radical conspiracy theories such as QAnon....
https://knews.kathimerini.com.cy/en/business/insurance-premiums-expected-to-rise-slightly
Inflation-related losses are also occurring for general insurance policies. Cyprus' insurance policies will specifically follow the broad pattern of other nations and other international insurance companies,...
https://knews.kathimerini.com.cy/en/news/france-first-country-to-ban-short-haul-flights
France has been given the green light to ban short-haul domestic flights. Specifically, between locations where there is a train alternative that takes less than 2.5 hours....
https://knews.kathimerini.com.cy/en/news/cyprus-scores-funds-for-euromed-tech-hub
The creation of the Euromed Tech Hub in Cyprus was unanimously decided last week by the Board of Directors of ANIMA Investment Network, a press release by Invest Cyprus says...
