https://knews.kathimerini.com.cy/en/news/russian-tech-professionals-flock-to-cyprus-despite-sanctions
A recent study by the PACE think tank has underscored the profound transformation of Cyprus' economy amid Western sanctions and the aftermath......
https://knews.kathimerini.com.cy/en/business/industries-expanded-in-2022-as-cyprus-saw-more-jobs-higher-production
Cyprus saw more people employed in factories and related industries in 2022 compared to the year before, with a 3% increase in jobs. The value of goods produced also went up significantly by 21.2%....
https://knews.kathimerini.com.cy/en/business/cyprus-banks-receive-upgrades-signal-economic-resilience
In a series of significant upgrades for Cypriot banks, Fitch Ratings has elevated the Bank of Cyprus and Hellenic Bank's credit ratings, underscoring a positive trajectory for the country's financial sector, according to a report by Panayiotis Rougalas in this Sunday's Kathimerini....
https://knews.kathimerini.com.cy/en/news/ecb-concerned-over-cypriot-bank-profit-tax-proposal
In 2023, Cypriot banks reported unprecedented profits, marking a 15-year high, with projections suggesting even greater earnings in 2024....
https://knews.kathimerini.com.cy/en/news/employee-earnings-in-cyprus-rise-by-5-7-in-early-2024
The average gross monthly earnings of employees in the first quarter of 2024 increased by 5.7%, reaching €2,378, compared to €2,251 in the same period of 2023, according to preliminary data from the Statistical Office....
https://knews.kathimerini.com.cy/en/news/cyprus-meets-trafficking-standards-us-state-department-report
The Government of the Republic of Cyprus fully meets the minimum standards for the elimination of trafficking, the State Department said in its report regarding "In Persons Trafficking"....
https://knews.kathimerini.com.cy/en/news/standard-poor-s-upgrades-bank-of-cyprus-rating
Standard & Poor’s (S&P) has upgraded Bank of Cyprus’ long-term issuer rating to BB+, just one notch below investment-grade status, and assigned a positive outlook. This comes shortly after the upgrade of Cyprus’ long-term rating to BBB+, also with a positive outlook....
https://knews.kathimerini.com.cy/en/news/russian-assets-to-fund-ukraine-s-defense-against-russia
Leaders of the Group of Seven nations have struck a landmark agreement to extend a $50 billion loan to Ukraine, funded by interest earned on Russia’s immobilized central bank assets....
https://knews.kathimerini.com.cy/en/news/eurobank-s-q1-profit-boosted-by-41m-from-hellenic-bank-investment
Eurobank reported an adjusted net profit of €383 million for the first quarter of 2024, with €92 million originating from Cyprus. ...
https://knews.kathimerini.com.cy/en/news/melco-s-european-expansion-hit-by-tax-cuts-in-occupied-cyprus-casinos
Melco Resorts & Entertainment's grand venture, the City of Dreams Mediterranean, faces a dramatic twist in its European odyssey as northern Cyprus casinos brace for a tax overhaul. ...
https://knews.kathimerini.com.cy/en/business/2-april-newsletter-of-k-treppides-co-ltd-cyprus-securities-and-exchange-commission
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...
https://knews.kathimerini.com.cy/en/business/1-april-newsletter-of-k-treppides-co-ltd-cyprus-securities-and-exchange-commission
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....
https://knews.kathimerini.com.cy/en/news/cyprus-betting-sector-breaks-records-with-€1-billion-revenue
The revenues of the betting activity in the Republic of Cyprus recorded an upward trend for another quarter, confirming the dynamic and stable growth of the sector.
...
https://knews.kathimerini.com.cy/en/news/cyprus-sees-6-2-increase-in-average-monthly-earnings-for-q4-2023
The average gross monthly earnings of employees in Cyprus during the fourth quarter of 2023 saw a notable increase compared to the same period in 2022, according to provisional data released by the Statistical Service of Cyprus on Tuesday....
https://knews.kathimerini.com.cy/en/news/labor-minister-discusses-cost-of-living-allowance-for-cyprus
In an interview with Oriana Papantoniou, Minister of Labor and Social Insurance Yiannis Panayiotou highlighted the significant strides made during his first year in office, emphasizing a people-centric approach to governance. ...
https://knews.kathimerini.com.cy/en/news/athens-teen-prostitution-sting-online-chats-result-in-arrests
Online conversations revealed by Kathimerini shed light on the ongoing investigation into the alleged prostitution racket involving girls aged 14 to 18 in Athens....
https://knews.kathimerini.com.cy/en/business/2-of-homes-in-cyprus-used-as-airbnb-accommodations
A recent report reveals that a staggering 2% of homes in Cyprus are being utilized as accommodations on Airbnb, highlighting concerns about housing availability and regulatory oversight. ...
https://knews.kathimerini.com.cy/en/news/cystat-gender-disparities-persist-in-workforce
Although women make up the majority of the workforce in Cyprus, they are still paid significantly less than men, according to data published in a Cyprus Statistical Service (CyStat) infographic on the occasion of International Women's Day....
https://knews.kathimerini.com.cy/en/business/the-€623-million-windfall-from-cyprus-shipping-industry
Kathimerini reporter Andreas Karamitas dives into the heartbeat of Cyprus' economy - the shipping industry. In a revealing exploration, discover how this vital sector pumped a staggering €623 million into the real economy solely through ship management in 2023. ...
https://knews.kathimerini.com.cy/en/business/state-collects-€90-million-in-taxes-from-casino
The state has seen a boost in tax revenue since the summer of 2018 when the temporary casino debuted in Limassol. The trend continues with the current operation of the resort and satellite locations in the provinces....
https://knews.kathimerini.com.cy/en/news/government-official-salaries-surge-up-17-in-5-years
Over the past half-decade, the salaries of government officials have surged by a notable 17%, shedding light on the expanding state payroll. ...
https://knews.kathimerini.com.cy/en/news/who-earns-what-insights-into-top-government-salaries-in-cyprus
Newly released data from the Treasury of the Republic of Cyprus reveals that the highest-paid government officials in the country include the Attorney General,...
https://knews.kathimerini.com.cy/en/news/cyprus-targets-gambling-addiction-with-new-gesy-proposal
In January 2024, the National Betting Authority submitted a comprehensive proposal to the Minister of Health, advocating for the inclusion of treatment for gambling-related behavioral disorders in Gesy, Cyprus' healthcare system.
...
https://knews.kathimerini.com.cy/en/business/3-february-newsletter-of-k-treppides-co-ltd-cysec
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....
https://knews.kathimerini.com.cy/en/business/3-january-newsletter-of-k-treppides-co-ltd-cysec
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....
https://knews.kathimerini.com.cy/en/news/apoel-captain-turns-down-sochi-s-700k-euro-offer
Reports from Georgia indicate that Russian Premier League club Sochi has extended a cooperation proposal to Georgi Kvilitaya, the captain of APOEL, a Cypriot football club....
https://knews.kathimerini.com.cy/en/news/major-shipping-firms-redirect-routes-as-red-sea-attacks-intensify
In a significant move with potential global repercussions, major shipping companies, including MSC, Maersk, and Hapag-Lloyd, opt to steer clear of the Red Sea route....
https://knews.kathimerini.com.cy/en/news/themis-themistocles-signals-potential-2024-interest-rate-cut
In their ''Year Ahead 2024'' forecast, analysts at Swiss financial giant UBS anticipate a slowdown in the strength of the US economy throughout 2023. ...
https://knews.kathimerini.com.cy/en/news/the-climb-to-success-in-the-public-sector-pay-scale
The Ministry of Finance has officially disclosed the main provisions of the agreement reached with trade unions PASYDY and FCC, outlining significant salary advancements for public and broader public sector employees, including those within Local Government Authorities. ...
https://knews.kathimerini.com.cy/en/news/government-employment-hits-record-high
In ongoing discussions about new hires and the 2024 budget in Parliament, the focus is on the remarkable increase in government employment, surpassing levels from 2012....
