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12° Nicosia,
14 July, 2024
 

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Displaying results 1-30 of 458 matches for query economic growth.

1. Cyprus surges in high-speed internet and tech jobs

https://knews.kathimerini.com.cy/en/business/cyprus-surges-in-high-speed-internet-and-tech-jobs

Cyprus is making notable progress in its digital transformation, with coverage of very high capacity networks (VHCN) reaching 77.1% in 2023, a 28.5% increase from the previous year, according to the Deputy Ministry of Research, Innovation, and Digital Policy....

2. Cyprus boomed in 2022 with more jobs and better services

https://knews.kathimerini.com.cy/en/business/cyprus-boomed-in-2022-with-more-jobs-and-better-services

Cyprus saw a widespread boost in economic activity last year, according to the latest Services and Transport Survey by Cyprus' statistical agency....

3. 'Land of Tomorrow' set to transform Larnaca's coastline

https://knews.kathimerini.com.cy/en/business/land-of-tomorrow-set-to-transform-larnaca-s-coastline

The coastal community development project, ''Land of Tomorrow,'' is set to transform the industrial image of Dhekelia in Larnaca into a modern and sustainable urban environment. ...

4. Cyprus charts course for 2025 budget surplus

https://knews.kathimerini.com.cy/en/news/government-charts-course-for-2025-budget-surplus

President Nikos Christodoulides announced during a Cabinet meeting on Monday that the government is on track to achieve a budget surplus for the fiscal year 2025....

5. Accurate dating of Kyrenia shipwreck confirmed

https://knews.kathimerini.com.cy/en/news/accurate-dating-of-kyrenia-shipwreck-confirmed

Using various lines of evidence researchers have determined that the Kyrenia shipwreck had been constructed between about 345-313 BC and sank between about 286-272 BC......

6. Greece bucks trend with six-day work week

https://knews.kathimerini.com.cy/en/news/greece-bucks-trend-with-six-day-workweek

Greece has introduced a six-day working week for certain businesses in an effort to increase productivity and employment, according to a report by CNBC. ...

7. CBC to keep dividends low despite bank profits

https://knews.kathimerini.com.cy/en/news/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....

8. ECB concerned over Cypriot bank profit tax proposal

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....

9. Fitch elevates Hellenic Bank’s credit rating

https://knews.kathimerini.com.cy/en/news/fitch-elevates-hellenic-bank-s-credit-rating

Fitch Ratings has upgraded Hellenic Bank's Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+', with stable outlook and its Viability Rating (VR) to 'bbb-' from 'bb+'. ...

10. Cyprus higher education sees doubling of student enrollment over past decade

https://knews.kathimerini.com.cy/en/news/cyprus-higher-education-sees-doubling-of-student-enrollment-over-past-decade

Health Minister Michalis Damianos praised the dramatic growth of Cyprus' student population during a graduation ceremony at the University of Frederick in Nicosia on Friday....

11. Is Larnaca the new Limassol?

https://knews.kathimerini.com.cy/en/news/is-larnaca-the-new-limassol

Larnaca is dynamically emerging as a key player in investments and major developments, making significant strides in recent years and capturing a new image....

12. ICT sector powers Cyprus' economic growth

https://knews.kathimerini.com.cy/en/news/ict-sector-powers-cyprus-economic-growth

Almost all of the productivity growth in Cyprus' economy over the past three years can be attributed to the Information and Communication Technology......

13. Rentals rise as home ownership trends change

https://knews.kathimerini.com.cy/en/comment/opinion/rentals-rise-as-home-ownership-trends-change

Around 20-25 years ago, Cyprus was renowned for having one of the highest rates of home ownership globally, with figures nearly reaching 78% - 80%, as per the data available then....

14. Cyprus to inaugurate Space Research and Innovation Centre

https://knews.kathimerini.com.cy/en/news/cyprus-to-inaugurate-space-research-and-innovation-centre

A significant milestone in space research and exploration will be marked on Wednesday with the inauguration of the Cyprus Space Research and Innovation Centre (C-SpaRC) in Nicosia. ...

15. Cyprus and US tighten ties, visa-free travel and arms deals on the horizon

https://knews.kathimerini.com.cy/en/news/cyprus-and-us-tighten-ties-visa-free-travel-and-arms-deals-on-the-horizon

According to a report written by Yiannis Ioannou, the consolidation of Cyprus-US strategic cooperation and the conclusion of a strategic dialogue agreement have significantly deepened Cypriot-US relations at a critical time,...

16. Standard & Poor’s upgrades Bank of Cyprus rating

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....

17. Cyprus to sell €1 billion bond after improved credit ratings

https://knews.kathimerini.com.cy/en/news/cyprus-to-sell-1-billion-bond-after-improved-credit-ratings

The Republic of Cyprus is expediting its return to the financial markets, seeking to leverage recent credit rating upgrades by Fitch and Standard & Poor's......

18. CBC projects 3% GDP growth in 2024

https://knews.kathimerini.com.cy/en/news/cbc-projects-3-gdp-growth-in-2024

The Central Bank of Cyprus has revised its 2024 forecast for GDP growth to 3%, from 2.8% that was expected last March, mainly due to the upward revision of domestic demand, while it maintained its forecast for growth in the years 2025 and 2026, at 3.1% and 3.2%, respectively....

19. Cyprus eyes market return with ten-year bond

https://knews.kathimerini.com.cy/en/news/cyprus-eyes-market-return-with-ten-year-bond

Cyprus is gearing up to re-enter the financial markets in the near future to capitalize on the recent positive momentum bolstering its economy....

20. CBC chief warns: Tax on big profits could hurt economy

https://knews.kathimerini.com.cy/en/business/cbc-chief-warns-tax-on-big-profits-could-hurt-economy

The new Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, expressed opposition to a windfall profits tax, which is a tax imposed by governments on companies that have experienced unexpectedly large profits,...

21. Fitch upgrades Cyprus to 'BBB+'

https://knews.kathimerini.com.cy/en/business/fitch-upgrades-cyprus-to-bbb

Fitch Ratings has upgraded Cyprus' Long-Term Foreign Currency Issuer Default Rating from 'BBB' to 'BBB+' with a positive outlook....

22. Passenger traffic up at Larnaca and Paphos airports amid drop in hotel bookings

https://knews.kathimerini.com.cy/en/business/passenger-traffic-up-at-larnaca-and-paphos-airports-amid-drop-in-hotel-bookings

Passenger traffic at Larnaca and Paphos airports increased by 4.26% in May 2024 compared to the same month in 2023, according to the Ministry of Transport, Communications and Works....

23. Cyprus inflation could offset ECB rate cut benefits

https://knews.kathimerini.com.cy/en/news/cyprus-inflation-could-offset-ecb-rate-cut-benefits

The European Central Bank (ECB) cut its three key interest rates by 25 basis points on Thursday, marking the first reduction after nearly two years of increases or stasis. ...

24. Keravnos continues to call on banks to slash interest rates

https://knews.kathimerini.com.cy/en/news/keravnos-continues-to-call-on-banks-to-slash-interest-rates

Finance Minister, Makis Keravnos, called on local banks to slash interest rates, emphasizing the urgency for change in the financial landscape. Keravnos's remarks come just before the European Central Bank's Governing Council convenes,...

25. Tatar affirms growth of 'strong Turkish presence' in Cyprus

https://knews.kathimerini.com.cy/en/news/tatar-affirms-growth-of-strong-turkish-presence-in-cyprus

The Turkish Cypriot leader, Ersin Tatar, asserted during a lecture titled "Lessons Learned from the May 27 Coup and the Peace Operation in Cyprus......

26. Dueling visions from Nicosia's mayoral candidates

https://knews.kathimerini.com.cy/en/news/dueling-visions-from-nicosia-s-mayoral-candidates

In the bustling streets of Nicosia, the race for mayoral office is heating up, with candidates Nikos Tornaritis and Charalambos Prountzos vying for the helm of Cyprus's capital city...

27. Cyprus wins IMF praise for strong recovery

https://knews.kathimerini.com.cy/en/news/cyprus-wins-imf-praise-for-strong-recovery

The International Monetary Fund (IMF) has praised Cyprus for its robust economic recovery and fiscal discipline, recommending continued efforts......

28. Why the high interest rates when inflation is low?

https://knews.kathimerini.com.cy/en/news/why-the-high-interest-rates-when-inflation-is-low

Finance Minister Makis Keravnos has criticized the high lending rates in Cyprus, calling them unjustifiable given the country's relatively low inflation. In an interview with the Sunday edition of ''Phileleftheros,''...

29. Resilient CEOs embrace AI, plan for sustainable futures

https://knews.kathimerini.com.cy/en/business/resilient-ceos-embrace-ai-plan-for-sustainable-futures

Two in three CEOs optimistic about revenue and profit growth despite a challenging economic environment....

30. Berry bliss awaits you on May 24

https://knews.kathimerini.com.cy/en/life/berry-bliss-awaits-you-on-may-24

The sweet aroma of ripe strawberries will fill the air as Deryneia gears up for the annual Pancyprian Strawberry Festival on Friday, May 24, 2024, starting at 4:45 PM....

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