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12° Nicosia,
24 June, 2024
 

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Displaying results 1-30 of 2305 matches for query economy.

1. Sklavenitis expands to 27 stores with Papantoniou deal

https://knews.kathimerini.com.cy/en/news/sklavenitis-expands-to-27-stores-with-papantoniou-deal

Sklavenitis Cyprus has announced the integration of Papantoniou Supermarkets into its network....

2. Government extends subsidies to ease cost of living crisis

https://knews.kathimerini.com.cy/en/news/government-extends-subsidies-to-ease-cost-of-living-crisis

The Cabinet approved a proposal on Wednesday by Finance Minister Makis Keravnos to extend measures aimed at compensating for the living costs of Cypriot households. Government Spokesperson Konstantinos Letymbiotis announced the decision following the Cabinet meeting....

3. Cyprus nears visa-free US travel in final stages

https://knews.kathimerini.com.cy/en/news/cyprus-nears-visa-free-us-travel-in-final-stages

sident of the Republic Nikos Christodoulides said Wednesday that Cyprus is at the final stage regarding joining the Visa Waiver Program thus becoming eligible for visa-free entry into the USA....

4. Government extends electricity subsidies amid high temperatures

https://knews.kathimerini.com.cy/en/news/government-extends-electricity-subsidies-amid-high-temperatures

Cyprus will extend electricity subsidies until the end of October to help citizens cope with the high summer temperatures, President Nicos Christodoulides announced after a Cabinet meeting on Tuesday....

5. 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......

6. 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....

7. Cyprus reforms are a comedy of errors in governance

https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-reforms-are-a-comedy-of-errors-in-governance

Following last Sunday's vote, the much-publicized local government reform will take effect on July 1. This, like many other reforms, has been carried out in typical Cypriot fashion. ...

8. Will Cabinet decide to extend electricity subsidies?

https://knews.kathimerini.com.cy/en/news/will-cabinet-decide-to-extend-electricity-subsidies-to-consumers

The government is poised to discuss the renewal of the electricity subsidy measure, set to expire on June 30, at its upcoming Cabinet meeting, according to a report by Kathimerini's Hectoras Georgiou....

9. FT: Biden eases path to citizenship for 500,000 undocumented spouses

https://knews.kathimerini.com.cy/en/news/ft-biden-eases-path-to-citizenship-for-500-000-undocumented-spouses

President Joe Biden is set to announce a major reform to U.S. immigration policy, offering up to 500,000 undocumented spouses of American citizens an easier path to legal status and U.S. citizenship. ...

10. Cyprus labour costs increase by 4.9%

https://knews.kathimerini.com.cy/en/news/cyprus-labour-costs-increase-by-4-9

Cyprus has reported a 4.9% rise in hourly labour costs (total cost) during the first quarter of 2024 compared to the same period last year, according to data released on Monday by the Statistical Service of Cyprus. ...

11. 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....

12. Countries must create greenspaces by 2050, according to new EU law

https://knews.kathimerini.com.cy/en/news/countries-must-create-greenspaces-by-2050-according-to-new-eu-law

The European Union has approved a new law aimed at restoring nature across its member countries, according to a report by Kathimerini's Alexandra Voudouri. ...

13. Cyprus plans €3.1B climate investment by 2030

https://knews.kathimerini.com.cy/en/news/cyprus-plans-€3-1b-climate-investment-by-2030

Cyprus’ total investment on climate change in both EU and public funds as well as private investments are estimated to amount to €3.1 billion by 2030, the Finance Ministry has said....

14. Cyprus achieves €600 million fiscal surplus in Q1 2024

https://knews.kathimerini.com.cy/en/news/cyprus-achieves-€600-million-fiscal-surplus-in-q1-2024

Cyprus generated a fiscal surplus close to €600 million in the first quarter of 2024, marking an increase of 58% year on year, driven by the rise in state revenue which exceeded the rise in spending....

15. Ministry probes public works tenders from 10 years ago

https://knews.kathimerini.com.cy/en/business/ministry-probes-public-works-tenders-from-10-years-ago

A report by Apostolos Tomaras in this Sunday's Kathimerini delves into how Cyprus is grappling with significant issues in its public construction projects, like the renovation of Larnaca's port, which have faced major delays and complications....

16. Job vacancies in Cyprus increase by 7.3% in Q1 of 2024

https://knews.kathimerini.com.cy/en/news/job-vacancies-in-cyprus-increase-by-7-3-in-q1-of-2024

Job vacancies in Cyprus rose by an annual 7.3% in the first quarter of 2024 whereas they rose by almost 10% compared with the fourth quarter of 2023....

17. €102.3M spent on 275,000 people trained on 30,500 programs

https://knews.kathimerini.com.cy/en/news/€102-3m-spent-on-275-000-people-trained-on-30-500-programs

In the last five years, 275,000 people participated in 30,500 training programmes of the Human Resource Development Authority of Cyprus (HRDA) and the total expenditure reached to 102.3 million euro,...

18. Banks blame high interest rates for decline of new loans

https://knews.kathimerini.com.cy/en/news/banks-blame-high-interest-rates-for-decline-of-new-loans

Loan demand continued to fall in the first quarter of 2024, with banks blaming high interest rates for the decline. ...

19. Agency reports strong start to 2024, continues paying off state debt

https://knews.kathimerini.com.cy/en/news/agency-reports-strong-start-to-2024-continues-paying-off-state-debt

KEDIPES, Cyprus' state-owned asset management agency, announced a €144 million cash inflow for the first quarter of 2024. The agency also made a €140 million repayment to the state, bringing the total repayment to €1.3 billion since it started in September 2018....

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. Cyprus faces market uncertainties as exit plans delayed again

https://knews.kathimerini.com.cy/en/business/cyprus-faces-market-uncertainties-as-exit-plans-delayed-again

According to report by Panayiotis Rougalas in today's Oikonomiki, Cyprus faces a challenging time as it navigates plans to exit the financial markets. ...

22. 153,000 people struggle with low incomes and high living costs

https://knews.kathimerini.com.cy/en/news/153-000-people-struggle-with-low-incomes-and-high-living-costs

The share of Cyprus' population at risk of poverty or social exclusion remained steady at 16.7% in 2023, according to the Statistical Service of Cyprus (Cystat). This means that approximately 153,000 people in Cyprus are struggling with low incomes and high living costs....

23. Eurobank boosts stake in Hellenic Bank with over 500,000 shares

https://knews.kathimerini.com.cy/en/business/eurobank-boosts-stake-in-hellenic-bank-with-over-500-000-shares

Eurobank has acquired 503,934 more shares in Hellenic Bank, for the cost of €1.29 mn, increasing its share at 55.42%....

24. Cyprus trade deficit shrinks by €708 million

https://knews.kathimerini.com.cy/en/business/cyprus-trade-deficit-shrinks-by-€708-million

The trade deficit in Cyprus decreased by €708 million in January-April 2024 compared to the same period in 2023, driven by a significant 18.4% drop in imports, according to the Statistical Office....

25. 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....

26. 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. ...

27. 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,...

28. Damiani expands global presence with first boutique in Cyprus

https://knews.kathimerini.com.cy/en/news/damiani-expands-global-presence-with-first-boutique-in-cyprus

The Italian luxury jewelry group Damiani is celebrating its centenary this year, marking a century of excellence in goldsmithing, diamonds, gems, and pearls. ...

29. Unemployment in Cyprus hits record low in May

https://knews.kathimerini.com.cy/en/business/unemployment-in-cyprus-hits-record-low-in-may

The downward trend in Cyprus' registered unemployment continued in May 2024, reaching historically low levels, according to data released by the Statistical Service of Cyprus on Wednesday....

30. Eurobank takes control with 55.3% share in Hellenic Bank

https://knews.kathimerini.com.cy/en/news/eurobank-takes-control-with-55-3-share-in-hellenic-bank

The European Central Bank (ECB) has given its approval for Eurobank to acquire a majority stake of over 50% in Hellenic Bank, marking a significant milestone in the banking landscape of Cyprus....

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