Search

31. Cyprus talks stalled: Crossing points block path to UN conference

Negotiations over the Cyprus issue are heating up, with both sides digging in ahead of a potential UN-led international conference in early 2025. ...

32. Moody’s Nick Hill on financial risks and opportunities for 2025

In an insightful conversation with Kathimerini's Panayiotis Rougalas, Nick Hill discusses the key macroeconomic risks and opportunities facing the region in 2025....

33. Sense of optimism surrounds roadblock talks

34. Geopolitical turbulence presents a looming threat to 2025 economic growth

Speaking at the 20th Economist Conference in Nicosia, Nick Hill highlighted the macroeconomic and geopolitical challenges shaping the global financial environment....

35. Hellenic Bank CEO Michalis Louis on merger plans and Cyprus' future

According to Kathimerini's Panayiotis Rougalas, Michalis Louis, in his first interview since becoming CEO of Hellenic Bank, discussed the challenges and opportunities ahead, especially in the context of the bank’s merger plans and its strategies for growth....

36. AI in Finance: Embrace the Future or Be Left Behind

Technology is changing how we do everything, and finance is no different. ...

37. Business loans on the rise in Cyprus, but consumer borrowing takes a hit

Cyprus experienced a rise in net new loans in October, driven primarily by businesses borrowing more, especially for amounts exceeding €1 million. ...

38. Government expands subsidized electricity rates for vulnerable households

The Cyprus Electricity Authority (EAC) announced an important update regarding its special household tariff for vulnerable consumers, known as Code 08...

39. Chasing clouds: A week of showers and sunshine

A weak low-pressure system will bring partly cloudy skies and scattered showers to Cyprus today, with a possibility of isolated thunderstorms. Early in the day, rain is most likely along the western and northern coasts, while later, the mountains, inland areas, and the eastern regions may see some wet weather....

40. Cyprus reunification 'off the table', says former U.S. Ambassador, warns Europe not to rely on U.S.

A statesman, a diplomat, and a patriot, John Koenig is the epitome of dedication to service and diplomacy. With a career spanning over three decades, he has served in pivotal roles across the globe, from his time as U.S. Ambassador to Cyprus from 2012 to 2015 to his earlier postings in Belgium, Greece, Indonesia, Italy, and the Philippines. ...

41. Transport Ministry inaugurates new motorway that will ease traffic

According to Kathimerini's Dorita Yiannakou, Cyprus marked a milestone in its transportation network Tuesday with the inauguration of the Nicosia peripheral motorway’s first phase, a project intended to ease congestion, enhance safety, and facilitate trade across the island....

42. Rain and thunderstorms expected

Today's forecast calls for mostly clear skies across much of the island, though residents in northeastern areas may see patches of increased cloud cover, with a chance of isolated showers....

43. Cyprus repays over €1B in debt, easing financial strain

Cyprus made strides in paying down its debt in the second quarter of 2024, settling over €1 billion in bonds and loans....

44. Banks see boost from ECB rate cuts

The Association of the Cyprus Banks (ACB) said on Thursday that it sees further progress in the economy, driven by the reduction of interest rates......

45. Pyramid climbing dog thrills social media users

A dog that climbed a pyramid in Egypt has become a viral sensation on social media....

46. Italy’s migrant transfer deal with Albania gains EU support

Italian Prime Minister Giorgia Meloni feels vindicated in her approach to immigration, as a recent agreement with Albania is emerging as a "model" that several EU member states are now openly discussing, including European Commission President Ursula von der Leyen. ...

47. ECB cautiously prepares for further rate reductions

The intention of the central bankers on the European Central Bank’s (ECB) Governing Council to proceed with another interest rate cut next week, as inflation data proves favorable, is indirectly but clearly reflected in the minutes of their last meeting, released today....

48. Cyprus braces for migrant surge as war in Lebanon intensifies

A year after hostilities erupted in Israel, the conflict has now expanded to Lebanon, reigniting fears about the stability of the Middle East....

49. Russia expels six British diplomats, accusing them of espionage

Russia has expelled six British diplomats, accusing them of espionage, in a move that escalates already strained relations between the two nations. The decision was made public Friday by Russian state media, although the expulsions occurred weeks ago....

50. ECB cuts key interest rate to 3.5% amid slowing inflation and growth concerns

The European Central Bank (ECB) cut its key interest rate by 25 basis points to 3.5%, responding to slowing inflation in the Eurozone and concerns over weak growth. ...

51. ECB set to cut key interest rate by 0.25% in upcoming meeting

The European Central Bank (ECB) is expected to reduce its key interest rate by 0.25% on Thursday, according to most economists in Greece and the Eurozone....

52. Scattered showers and storms across Cyprus

A low-pressure system and unstable air mass are affecting the region, bringing varying weather conditions....

53. Cyprus-Greece electricity project meeting set for Tuesday

A meeting scheduled for next Tuesday on the Cyprus-Greece electricity interconnection project is considered crucial by all parties involved, government spokesman Konstantinos Letymbiotis said Friday....

54. Cyprus to offer more affordable homes with CLDC's three-part plan

The development programme of the Cyprus Land Development Corporation (CLDC) will move along three pillars in order for the organisation to provide affordable housing for purchase or rent to beneficiaries, is Director General Eleni Symeonidou, has told the Cyprus News Agency, stressing the contribution of the organisation in easing the housing shortage....

55. Slight cooling expected as temperatures hold steady

The heatwave eases slightly today, with temperatures staying just under the 40-degree mark....

56. Government rolls out €400 laptop grants for middle school students

Following the President's announcement of the "At Every Start, Together" initiative aimed at supporting students at the beginning of the new school year and easing family......

57. Market changes, Eurobank's move, and economic struggles

Bank of Cyprus shares were delisted from the Athens Stock Exchange following the 2013 financial crisis and the turbulent merger with Laiki Bank, including the depositor haircut...

58. Sunny start with afternoon showers possible

Cyprus is set for a mix of clear skies and some scattered showers today. ...

59. Government submits bill to join U.S. visa waiver program

The Cyprus government submitted a bill to the House of Representatives plenary on Thursday, aiming to fulfill the necessary preconditions for the Republic of Cyprus to join the United States Visa Waiver Program....

60. CBC to keep dividends low despite bank profits

The increased profitability of Cypriot banks, will not affect the supervisory authorities’ views over the necessity to maintain a prudent policy with respect to banks’ dividend payments, the Central Bank of Cyprus said in its annual report for 2023, published on Wednesday....