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12° Nicosia,
24 May, 2022
 

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Displaying results 1-30 of 872 matches for query economy.

1. EU official calls on Cyprus to implement recovery plan or lose funding

https://knews.kathimerini.com.cy/en/news/eu-official-calls-on-cyprus-to-implement-recovery-plan-or-lose-funding

A European Commission official on Monday urged the Cypriot authorities to proceed with the implementation of Cyprus’ National Recover and Resilience plan, warning that Cyprus risks losing EU funds in case of new delays....

2. A new billionaire nearly every day during the pandemic

https://knews.kathimerini.com.cy/en/business/a-new-billionaire-nearly-every-day-during-the-pandemic

Some 573 people have joined the billionaire ranks since 2020, bringing the worldwide total to 2,668, according to an analysis released by Oxfam on Sunday. ...

3. Cyprus exports up by 55% in Jan-Feb 2022

https://knews.kathimerini.com.cy/en/business/cyprus-exports-up-by-55-in-jan-feb-2022

Total exports of goods to the EU Member States and to third countries in January - February 2022 increased by 55.2%, compared to the same period last year, according to the monthly report published by the Statistical Service of Cyprus. ...

4. EU Energy Commissioner: 'Cyprus has enormous potential in terms of solar and wind energy production.'

https://knews.kathimerini.com.cy/en/news/eu-energy-commissioner-cyprus-has-enormous-potential-in-terms-of-solar-and-wind-energy-production

In the wake of rising energy costs due to Russia's invasion of Ukraine, Kathimerini sits down with EU Commissioner for Energy, Kadri Simson, to discuss the EastMed pipeline, Europe's push toward Green energy and the potential for Cyprus to ensure its citizens both affordable prices and energy security by developing solar and wind power....

5. Bank of Cyprus posts net profit of €21 million in Q1

https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-posts-net-profit-of-€21-million-in-q1-and-a-record-of-new-loans

Bank of Cyprus group announced on Thursday a net profit of €21 million for the first quarter of 2022, compared to net profit of €8 million in the first quarter of 2021....

6. Cacophony emerges as Cyprus stalls foreclosure bills

https://knews.kathimerini.com.cy/en/news/cacophony-emerges-as-cyprus-stalls-foreclosure-bills

The finance ministry in the Republic of Cyprus is scrambling for new ways to overcome an awkward impasse on two crucial foreclosure bills, after opposition parties blamed the administration for not doing enough to have the European Commission go along with amendments to protect bad loan guarantors...

7. EC projects economic slowdown and rising inflation in Cyprus

https://knews.kathimerini.com.cy/en/news/ec-projects-economic-slowdown-and-rising-inflation-for-cyprus

The European Commission has revised its economic projections for Cyprus citing a downward trend due to the effects of Russia’s invasion of Ukraine and the associated sanctions against Moscow on the island’s tourist and services sector....

8. Op-ed: A cornered rat is very dangerous indeed

https://knews.kathimerini.com.cy/en/news/op-ed-a-cornered-rat-is-very-dangerous-indeed

Russian President Vladimir Putin has always been eager to share an instructive story from his childhood, about how, when he was growing up in poverty in Soviet Leningrad, he used to spend his days chasing rats....

9. Petrides: 'Things will be difficult in the coming years'

https://knews.kathimerini.com.cy/en/news/petrides-things-will-be-difficult-in-the-coming-years

The government will continue supporting households, especially the vulnerable, amid rising inflation, Finance Minister Constantinos Petrides said, warning that tackling inflation is difficult due to its structural nature amid the Ukrainian crisis....

10. US Diplomat: 'It would be political suicide if Putin withdraws'

https://knews.kathimerini.com.cy/en/news/us-diplomat-it-would-be-political-suicide-if-putin-withdraws

An interminable and unwinnable war in Europe? That’s what NATO leaders fear and are bracing for as Russia’s war in Ukraine grinds into its third month with little sign of a decisive military victory for either side and no resolution in sight....

11. Marcos myths lift dictator’s son to power in Philippines

https://knews.kathimerini.com.cy/en/news/marcos-myths-lift-dictator-s-son-to-power-in-philippines

A video posted in 2020 on YouTube claims the French astrologer Nostradamus predicted the outcome of this week’s presidential election in the Philippines....

12. Op-ed: How meritocracy reinforces inequality

https://knews.kathimerini.com.cy/en/news/op-ed-how-meritocracy-reinforces-inequality

We normally have unexamined certainties to guide us through daily life. But few people are so gifted at shaking those certainties than Michael Sandel....

13. Greek island reaches record recycling rate

https://knews.kathimerini.com.cy/en/news/greek-island-reaches-record-recycling-rate

The Dodecanese island of Tilos has the highest recycling rate of any island in the world, officials said Tuesday....

14. A total of €438,000 worth of bounced checks were recorded for the month of April

https://knews.kathimerini.com.cy/en/news/a-total-of-€438-000-worth-of-bounced-checks-were-recorded-for-the-month-of-april

A total of €438,000 worth of bounced checks were recorded for the month of April, according to data announced by the CBC on Wednesday....

15. Tax incentives for businesses looking to relocate to Cyprus

https://knews.kathimerini.com.cy/en/business/tax-incentives-for-businesses-looking-to-relocate-to-cyprus

The Cypriot government on Tuesday approved a bill with tax incentives aiming to attract talent and promote headquartering in Cyprus, in line with the Strategy for Attracting Businesses for Activities and/or Expansion of their Activities in Cyprus approved by the Council of Ministers in October 2021....

16. Trade deficit at €429 million in February and €729 million in March

https://knews.kathimerini.com.cy/en/business/trade-deficit-at-€429-million-in-february-and-€729-million-in-march

The trade deficit in February amounted to €429 million, according to the final data on the month's trade published by the Statistical Service on Tuesday. Additionally, preliminary data from the Statistical Service show that the trade deficit for March 2022 reached €729 million....

17. Labor inspections island-wide during the month of May

https://knews.kathimerini.com.cy/en/business/labor-inspections-island-wide-during-the-month-of-may

The Ministry of Labor, Welfare and Social Insurance will be carrying out spot inspections island-wide in May at leisure centers and cafes to combat undeclared labor and to ensure that businesses are complying with basic labor laws, the Ministry announced....

18. Half a million tourists from the US expected to visit Greece this year

https://knews.kathimerini.com.cy/en/news/half-a-million-tourists-from-the-us-expected-to-visit-greece-this-year

Never before has Greece had half a million tourists from the United States in one year, or more than 60 direct weekly flights between the US and Athens, Tourism Minister Vassilis Kikilias told Skai Radio, adding that the government expects significant revenues from the sector in 2022....

19. Price hike of raw materials affecting developers and construction costs

https://knews.kathimerini.com.cy/en/business/price-hike-of-raw-materials-affecting-developers-and-construction-costs

The construction industry is suffering as the price hike of raw materials continues, with developers crushed under higher costs as they are deprived of Russian money....

20. Op-ed: ESG, DEI and other acronyms and why we need to know about them IMHO*

https://knews.kathimerini.com.cy/en/news/op-ed-esg-dei-and-other-acronyms-and-why-we-need-to-know-about-them-imho

Quite a few times I found myself receiving messages and having to pause and google search an acronym to understand its meaning. I’m sure I’m not alone, and it’s surely not just a Gen X symptom....

21. 'A historic day': British bases lifts restrictions on civilian property development

https://knews.kathimerini.com.cy/en/news/a-historic-day-british-bases-lifts-restrictions-on-civilian-property-development

Eight years after the signing of a bilateral Arrangement between Cyprus and the UK, the SBA is today lifting restrictions on property development on 200 square kilometers of non-military areas within the bases....

22. Cyprus will request EC permission to implement mortage-to-rent scheme

https://knews.kathimerini.com.cy/en/news/cyprus-will-request-ec-permission-to-implement-mortage-to-rent-scheme

Cypriot authorities plan to submit in June an official request to the European Commission for the implementation of a mortgage-to-rent scheme, aiming to address non-performing loans collateralized by primary residences and SME business premises with an estimated contractual value of €3 billion....

23. Lower interest rates on deposits and consumer loans

https://knews.kathimerini.com.cy/en/business/lower-interest-rates-on-deposits-and-consumer-loans

A decrease in interest rates on deposits and consumer loans and a marginal increase in the interest rates on mortgages can be seen in the data published on Thursday by the Central Bank of Cyprus for March 2022....

24. Halloumi production and distribution unaffected by war

https://knews.kathimerini.com.cy/en/news/halloumi-production-and-distribution-unaffected-by-war

The production and distribution of halloumi have not been affected by the war in Ukraine, said the Minister of Agriculture, Rural Development and Environment, Costas Kadis, saying that what they are trying to manage is the unallocated quantities from the pandemic period....

25. First ever publicly financed equity fund will benefit Cyprus startups

https://knews.kathimerini.com.cy/en/business/first-ever-publicly-financed-equity-fund-will-benefit-cyprus-startups

The Ministry of Finance has long been committed to introducing a financial instrument to support startups and innovative companies with equity financing, ...

26. EU states divided over Russian oil sanctions

https://knews.kathimerini.com.cy/en/news/eu-states-divided-over-russian-oil-sanctions

The European Union was preparing sanctions on Russian oil on Monday, with possible exemptions for wary countries, and warned that complying in full with Moscow's proposed scheme to receive gas payments in roubles would breach existing EU sanctions....

27. Plastic waste could be a thing of the past thanks to a new enzyme

https://knews.kathimerini.com.cy/en/news/plastic-waste-could-be-a-thing-of-the-past-thanks-to-a-new-enzyme

Plastic waste dumped in landfills could be cleared sooner than expected after engineers developed an enzyme that can break it down in just a few hours....

28. Zelensky warns of world food crisis as Russia blocks 4.5m tons of grain leaving Black Sea

https://knews.kathimerini.com.cy/en/news/zelensky-warns-of-world-food-crisis-as-russia-blocks-4-5m-tons-of-grain-leaving-black-sea

The Russian army bombed a grain warehouse in Ukraine and tightened its blockade on Black Sea ports, sparking fears of a new global food crisis....

29. Petrides: Government to continue support measures for vulnerable groups

https://knews.kathimerini.com.cy/en/news/petrides-government-to-continue-support-measures-for-vulnerable-groups

The government is determined to continue the support it has been providing to vulnerable population groups against rising inflationary trends said Finance Minister Constantinos Petrides, speaking on the sidelines of the presentation of the Sponsorship Scheme for Student Dormitories and Rooms in the old city of Nicosia....

30. Cyprus and EU economies facing a 'twin problem' following the war in Ukraine

https://knews.kathimerini.com.cy/en/news/cyprus-and-eu-economies-facing-a-twin-problem-following-the-war-in-ukraine

The EU and Cyprus economies are facing a “twin problem” of rising commodity and energy prices and heightened uncertainty following the invasion of Russia in Ukraine, according to discussions held by the Nicosia Chamber of Commerce and Industry and the European Investment Bank (EIB)....

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