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31. Europe faces weak growth amid global uncertainty

In a comprehensive survey released today, leading economists express apprehension about the global economy, anticipating a year of sluggish growth, primarily attributed to geopolitical conflicts, challenging financing conditions, and the impact of artificial intelligence. ...

32. Dr. Anastasatos forecasts bright future for Cyprus economy

Eurobank group's chief economist, Dr Tasos Anastasatos, expresses optimism about the Cyprus economy, emphasizing that the decision to expand the group's banking presence in Cyprus is linked to these positive economic prospects....

33. Cyprus tax reform targets green initiatives and economic revitalization

By March 2024, the initial six phases of the tax transformation project commissioned by the Ministry of Finance to the Centre for Economic Research of the University of Cyprus will conclude,...

34. ''Same-sex childbearing not allowed,'' says Archbishop George

Archbishop George of Cyprus clarifies the content of his Christmas message, which sparked political reactions....

35. Cyprus housing crisis deepens amid interest rate scandal

With current interest rates, the prospect of repaying a mortgage spans nearly fifty years for an average family, turning homeownership into an elusive dream....

36. Greece named Economist 'Country of the Year 2023'

The Economist magazine has declared Greece the country of the year for 2023, with Prime Minister Kyriakos Mitsotakis, in a post, referring to the "recognition of the efforts of the Greek people."...

37. Chinese elite move billions abroad in economic shift

In a remarkable shift this year, affluent Chinese have moved hundreds of billions of dollars out of the country, capitalizing on the end of COVID precautions that had tightly sealed China's borders for nearly three years....

38. Argentina elects maverick economist Javier Milei as president

Argentina has chosen controversial libertarian Javier Milei as its president for the next four years. ...

39. Electronic IDs set to transform citizen services

Before the end of the current year, citizens and various professional groups will benefit from the use of electronic identity and electronic signatures in several government services, said Philippos Hadjizacharia, the Deputy Minister of Research, Innovation, and Digital Policy, during his speech at the 19th annual Economist Conference in Nicosia. ...

40. Central banks across Europe hold firm amidst rate cut speculations

Europe's top central bankers have affirmed that despite market expectations for a reduction due to weakening growth, interest rates will persist at elevated levels. ...

41. Cyprus banks bracing for profit squeeze according to Moody's

Moody's believes that Cyprus' small and saturated banking sector, the banks' limited loan portfolio, and low fee and commission income will restrict opportunities for growth in domestic banks' activities and profitability in the long term....

42. Assessing the dual impact of government's support measures

Recent days have witnessed crucial discussions surrounding measures to support households and businesses, a pressing necessity given the prevailing circumstances....

43. Cyprus secures third place in 'The Economist' economic pentathlon

With three gold and two silver medals, Cyprus ranks third in The Economist’s economic pentathlon which has calculated how the 27 EU member states perform on the five major challenges facing them, namely demand/inflation, debt, demography, decarbonisation and decoupling from the world’s autocracies....

44. Government vulnerable to rising fuel costs amid Middle East tensions

Economist Pampos Papageorgiou recently addressed the potential economic consequences that the ongoing conflict in the Middle East may bring to Cyprus and Europe....

45. The Israeli war's impact on economy and energy prices

Economists have been examining the inevitable economic consequences of the war in Israel, particularly its influence on fuel and electricity costs....

46. Cyprus gains Vice Presidential seat at European Investment Bank

The European Investment Bank (EIB) appointed for the first time ever a Vice President from Cyprus in its Management Committee....

47. AI enhancing work-life balance, 100-year careers

JPMorgan CEO Jamie Dimon is shaking off doomsday predictions about what AI means for humanity — instead laying out how he sees the technology vastly improving businesses and the work-life balance of their employees....

48. Former President's startling revelation about food

In April 2022, former Russian President Dmitry Medvedev, now deputy head of Russia’s Security Council, said on his Telegram channel: “Our food is our silent weapon. Silent — but formidable."...

49. Violent clashes between tenants and property owners as rents spike 700%

A craftsman in Turkey, who has been diligently paying rent for two decades, now finds himself threatened with eviction due to an unexpected rent increase of nearly 700%. His monthly rent has surged from 3,200 Turkish lira (110 euros) to a staggering 25,000 lira (867 euros)....

50. ECB raises rates for the 10th time as it tries to quell inflation

The European Central Bank raised interest rates for the 10th meeting in a row on Thursday to counter stubborn inflation but signalled that it is likely done tightening policy....

51. Unprecedented disasters prompt urgent calls for risk assessment review

Unfortunately, this year has been a game changer in terms of risk prediction as the scale and impact of recent disasters has been unprecedented, Dr. George Boustras, ...

52. Weight-loss drug Ozempic transforms Denmark's economy

Massive demand for diabetes and weight loss drugs made by Danish pharmaceutical group Novo Nordisk has turned it into Europe's most valuable company, giving Denmark's economy a major makeover....

53. China's economic slowdown threatens global stability

China is unlikely to surpass the US as the world's largest economy as initially predicted for the early 2030s, primarily due to a growing lack of confidence in the Chinese economy, according to Bloomberg Economics analysts....

54. Brexit: 7,000 finance Jobs moved overseas

Dublin, Frankfurt and Paris are vying for a share of the financial services markets once dominated by London....

55. Taylor Swift's tour spreads goodwill to food banks

Economists told CNN recently that Taylor Swift’s Eras Tour is becoming such a massive phenomenon that it’s having demonstrable impacts on the US economy at large, but it’s not only stadium venues, record labels, and ticket vendors benefiting....

56. UK inflation dips to 17-month low

UK inflation eased to a 17-month low in July, official data showed Wednesday, though it also revealed that prices of services, such as haircuts, hotels and restaurants, increased at a faster pace than the previous month. ...

57. Is home really the best office?

Working remotely has its advantages, but there's growing evidence to support what many managers have long suspected: Fully remote workers are less productive....

58. ECB dilemma with core inflation at 5.5%

The European Central Bank (ECB) is almost certain to raise interest rates by 25 basis points in its meeting tomorrow, though what happens next is unclear....

59. Philippos Soseilos: Significant investment opportunities in Cyprus

60. Applications open for 'Rent in Exchange' program

"The submission of applications for the 'Rent in Exchange for Installment' program will begin in October," said Ioanna Markidou, Chief Economist A' at the Ministry of Finance, in a statement to CNA....