https://knews.kathimerini.com.cy/en/news/far-right-freedom-party-wins-big-in-austria-election
Austria's political landscape has entered a period of uncertainty following the far-right Freedom Party’s (FPÖ) historic success in Sunday’s general election......
https://knews.kathimerini.com.cy/en/business/cyprus-tourism-revenue-rises-to-€474-million-in-july
Tourism revenue in Cyprus grew by €19.4 million in July 2024, reaching €474.0 million, an increase of 4.3% compared to €454.6 million in July 2023, according to the results of the Passenger Survey carried out by the Statistical Service....
https://knews.kathimerini.com.cy/en/news/cyprus-credit-rating-upgraded-due-to-strong-economy-and-lower-debt
Rating Agency Capital Intelligence Ratings (CI) has upgraded Cyprus’ Long-Term Foreign Currency Rating (LT FCR) and Short-Term FCR (ST FCR) to ‘BBB’ and ‘A2’, respectively, from ‘BBB-’ and ‘A3’, maintaining a positive outlook....
https://knews.kathimerini.com.cy/en/news/temperatures-rise-to-32°c-inland-cooler-on-the-coast
A weak low-pressure system is affecting the area, bringing occasional strong winds and isolated showers....
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/sunny-skies-and-rising-temperatures-ahead
Today’s weather will be mostly sunny with a few scattered clouds. Winds will start as light and variable at 3 Beaufort, then shift to a southwest to northwest direction, increasing to light to moderate at 3 to 4 Beaufort....
https://knews.kathimerini.com.cy/en/business/tighter-lending-rules-for-businesses-while-household-loans-remain-steady
Cypriot banks made it harder for businesses to get loans in the second quarter of 2024, while lending rules for households stayed the same, according to a new survey by the Central Bank of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/news/mother-nature-giveth-and-she-taketh-away
Well, folks, it looks like Mother Nature gave us that glorious downpour, just long enough to tease us before cranking the heat back up. ''She giveth, and taketh away.''...
https://knews.kathimerini.com.cy/en/news/cyprus-sees-decline-in-use-of-online-government-services
In 2023, Cyprus reported that only 66% of its citizens accessed government websites for online services, according to data from Eurostat, the statistical service of the European Union....
https://knews.kathimerini.com.cy/en/news/clear-skies-with-afternoon-showers
A weak low-pressure system is affecting the region....
https://knews.kathimerini.com.cy/en/news/nicosia-roads-turned-to-rivers-as-storms-hit-the-island
A yellow warning for severe thunderstorms has been issued by The Weather Service, effective from 12:00 BST and lasting until 18:00 this afternoon....
https://knews.kathimerini.com.cy/en/news/cypriot-loan-servicers-struggle-as-red-loans-hit-€21-2b
While non-performing loans (NPLs) in Cypriot banks are gradually declining, the situation remains dire for "red loans" held by loan acquisition companies, or "servicers." ...
https://knews.kathimerini.com.cy/en/news/get-ready-for-rain-and-hail
A yellow warning for severe thunderstorms was issued Monday morning by the Weather Service, set to last from 12 p.m. to 6 p.m. BST....
https://knews.kathimerini.com.cy/en/news/heavy-rain-and-storms-sweep-across-cyprus
Heavy rain has hit various parts of Cyprus as unstable weather conditions and weak low-pressure impact the region, according to the Meteorological Service....
https://knews.kathimerini.com.cy/en/news/cyprus-faces-water-shortage-as-dams-reach-critically-low-levels
Cyprus is facing a significant water shortage as dam levels plummet due to a severe drought and ongoing climate changes, raising concerns among national and local authorities. ...
https://knews.kathimerini.com.cy/en/news/oxford-and-cambridge-slip-from-top-university-rankings
In a surprising turn of events, the University of Oxford and the University of Cambridge have fallen to their lowest rankings ever in the UK’s prestigious university list....
https://knews.kathimerini.com.cy/en/news/yellow-eyed-penguin-crowned-bird-of-the-year
In a competition free from the controversies of previous years, one of the world's rarest penguins, the yellow-eyed hoiho, has been named New Zealand's Bird of the Year....
https://knews.kathimerini.com.cy/en/life/m-m-s-drops-a-sweet-bomb-peanut-butter-jelly-flavor-is-here
M&M's has done it again! Just in time for candy season, the iconic brand has unveiled a new flavor that has everyone buzzing: Peanut Butter and Jelly!...
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/a-mix-of-sun-showers-and-some-thunder
Happy Friday! Here's what to expect as you kick off your weekend:...
https://knews.kathimerini.com.cy/en/news/electric-cars-outnumber-petrol-cars-in-norway-for-the-first-time
Norway has made history by becoming the first country where electric vehicles (EVs) now outnumber petrol cars. ...
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/temperatures-hold-steady-through-friday
A weak low-pressure system will bring unstable weather to Cyprus starting Friday, with occasional rain and storms expected in certain areas....
https://knews.kathimerini.com.cy/en/business/cyprus-struggles-to-boost-winter-tourism
Cyprus is having a tough time improving its winter tourism, according to Kathimerini's Dorita Yiannakou, even though more tourists are visiting and spending more money. ...
https://knews.kathimerini.com.cy/en/news/clouds-strong-winds-expected-today
Today’s forecast calls for partly cloudy skies with occasional increases in cloud cover. Winds will range from moderate to strong, blowing from the southwest to northwest at 4 to 5 Beaufort, while seas will be slightly rough to choppy....
https://knews.kathimerini.com.cy/en/news/tourist-arrivals-hit-record-high-in-cyprus-for-august
Tourist arrivals in Cyprus reached an all-time high in August 2024, with 554,923 visitors, surpassing the previous record set in August 2019 by 0.20%, according to data released by the Cyprus Statistical Service....
https://knews.kathimerini.com.cy/en/business/fitch-upgrades-hellenic-bank-s-rating
Fitch Ratings has raised Hellenic Bank’s (HB) support rating from ‘bb-’ to ‘bb’, thanks to a similar boost for Eurobank S.A., which owns a majority stake in HB. This change reflects Eurobank’s growing role and influence over HB....
https://knews.kathimerini.com.cy/en/news/strong-winds-expected-as-temperatures-rise-to-31°c
Cloudy skies and strong winds are expected today, with temperatures forecasted to reach 31°C....
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....
