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12° Nicosia,
05 December, 2022
 

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Displaying results 1-30 of 1145 matches for query economy.

1. Paphos to become a 'smart' city after launch of digital projects

https://knews.kathimerini.com.cy/en/news/paphos-to-become-a-smart-city-after-launch-of-digital-projects

Six smart and digital city projects implemented by the Municipality of Paphos were inaugurated on Thursday by Deputy Minister of Research, Innovation and Digital Policy Kyriakos Kokkinos....

2. EU: The price of Russian oil has been capped at $60

https://knews.kathimerini.com.cy/en/news/eu-the-price-of-russian-oil-has-been-capped-at-$60

The European Union has agreed to cap the price of Russian seaborne oil at $60 per barrel, a Polish official stated....

3. 'FTX-style crypto crash won’t happen in Europe'

https://knews.kathimerini.com.cy/en/business/ftx-style-crypto-crash-won-t-happen-in-europe

The cryptocurrency world is reeling after the collapse of crypto exchange FTX — but EU policymakers are patting themselves on the back....

4. ICT specialists crucial as 80% of companies still allow remote work

https://knews.kathimerini.com.cy/en/news/ict-specialists-crucial-as-80-of-companies-still-allow-remote-work

According to the results of the survey on information and communication technologies (ICT) usage and e-commerce in businesses in 2022, published on Thursday by the Cyprus Statistical Service, more than 80% of businesses with ten or more employees provided mobile devices with access to the internet and business email in 2022....

5. Germany eases rules for internationals to obtain citizenship

https://knews.kathimerini.com.cy/en/news/germany-eases-rules-for-internationals-to-obtain-citizenship

The federal government of Germany has unfolded its plans to introduce new changes to its immigration law, among others, to make it easier for internationals to obtain citizenship....

6. Minister says efforts to promote Cypriot wine bear fruit

https://knews.kathimerini.com.cy/en/news/minister-says-efforts-to-promote-cypriot-wine-bear-fruit

Energy Minister Natasa Pilides, who also oversees Commerce, said Wednesday that the first National Action Plan to promote Cypriot wine seem to be bearing fruit, as exports of wines in 2021 saw a rapid increase over 60%...

7. Cyprus gets taste of EU’s €85 million with a caveat

https://knews.kathimerini.com.cy/en/news/cyprus-gets-taste-of-eu-s-€85-million-with-a-caveat

Cyprus will get Friday the first tranche of €85 million from the EU's Recovery and Resilience Mechanism, with European Commission technocrats also pointing to repeated suspensions of foreclosures in Cyprus that create problems in terms of achieving the goal of further reduction of NPLs...

8. Hellenic Bank soon to be under the control of Eurobank

https://knews.kathimerini.com.cy/en/business/hellenic-bank-soon-to-be-under-the-control-of-eurobank

Eurobank is gaining control of Hellenic Bank after purchasing Wargaming's 13.4% stake. With the addition of the 12.6% it held from the purchase of all shares in Third Point Hellenic Recovery Fund in the summer of 2021, it now stands at 26%....

9. Over half a billion euro in government surplus so far this year

https://knews.kathimerini.com.cy/en/news/over-half-a-billion-euro-government-surplus-so-far-this-year

Preliminary General Government fiscal results indicate a surplus of €556.4 mn for the period of January-October 2022, according to data prepared and published by the Statistical Service of Cyprus on Wednesday....

10. Inflation rate in Cyprus expected to fall to 8.3%

https://knews.kathimerini.com.cy/en/news/inflation-rate-in-cyprus-expected-to-fall-to-8-3

Euro area annual inflation is expected to be 10.0% in November 2022, down from 10.6% in October according to a flash estimate from Eurostat, the statistical office of the European Union....

11. Government owed €16.2m from ineligible first time home buyers

https://knews.kathimerini.com.cy/en/news/government-owed-€16-2m-from-ineligible-first-time-home-buyers

More than 270 people who benefited from the reduced rate of 5% VAT for first-time home buyers, have been found to be ineligible, following checks carried out throughout Cyprus by the Tax Department, and should be charged 19% VAT, totaling €16.2 million announced on Wednesday the Minister of Finance, Constantinos Petrides, after the Council of Ministers. He also announced on-site checks on other categories of taxpayers and types of taxes....

12. Averof: 'Technology firms can't find qualified Cypriot workers'

https://knews.kathimerini.com.cy/en/business/averof-technology-firms-can-t-find-qualified-cypriot-workers

Averof Neophytou, Presidential Candidate and President of the Democratic Rally, stated after his visit to Murex that the global and Cypriot markets are in need of programmers and technology professionals....

13. €100 million for companies affected by the covid pandemic

https://knews.kathimerini.com.cy/en/business/€100-million-for-companies-affected-by-the-covid-pandemic

The European Commission has approved a 100 million euro Cypriot scheme to support companies and self-employed persons affected by the coronavirus pandemic, under the European Union’s State aid COVID Temporary Framework....

14. Economic sentiment slightly down in Cyprus

https://knews.kathimerini.com.cy/en/news/economic-sentiment-in-cyprus-deteriorates-slightly-in-november

In November 2022, economic sentiment in Cyprus deteriorated slightly, as the Economic Sentiment Indicator decreased by 0.5 points compared with October 2022, according to the Business and Consumer Survey by the University of Cyprus...

15. Program to combat desertification in Cyprus and Greece gets underway in Nicosia

https://knews.kathimerini.com.cy/en/news/program-to-combat-desertification-in-cyprus-and-greece-gets-underway-in-nicosia

LIFE AgrOassis, a program that aims to tackle the desertification of land in Cyprus and Greece, kicked off today, during an event in Nicosia....

16. Greek Navtex is a message to Libya

https://knews.kathimerini.com.cy/en/news/greek-navtex-is-a-message-to-libya

The navigation warning issued by Greece on Saturday expanding the area of seismic surveys for oil and natural gas deposits off the coast of Crete was in response to a request by US oil firm ExxonMobil, which has been granted exploration rights, but also serves a geopolitical purpose...

17. Small number of banks meeting new loan demand

https://knews.kathimerini.com.cy/en/business/small-number-of-banks-meeting-new-loan-demand

The net demand for loans from businesses in Cyprus decreased in the third quarter of 2022, and banks anticipate a similar decline in the net demand for loans from businesses and households in all loan categories in the fourth quarter of 2022 compared to the third quarter. ...

18. 14 billion euros of loans on ice due to the suspension of foreclosure sales

https://knews.kathimerini.com.cy/en/news/14-billion-euros of-loans-on-ice-due-to-the-suspension-of-foreclosure-sales

In Cyprus, credit purchasing companies manage over 80,000 loans totaling €20 billion....

19. Petrides: 'The casino will attract hundreds of thousands of tourists'

https://knews.kathimerini.com.cy/en/business/petrides-the-casino-will-attract-hundreds-of-thousands-of-tourists

The government is handing over a modern, more dynamic tourism product that has the capacity to further develop, said on Tuesday Finance Minister Constantinos Petrides in addressing the 44th Cyprus Hotel Summit and Exhibition organized by the Hoteliers’ Association....

20. CYTA expects €400 million in revenue this year

https://knews.kathimerini.com.cy/en/business/cyta-expects-€400-million-in-revenue-this-year

Deputy Chairman of the Committee Chrysis Pantelides told CYTA after discussing the organization's budget for 2023 that CYTA is a very good example of a profitable and robust semi-governmental organization that should remain in the ownership of the state so that the public and society at large reap these important benefits....

21. The visionary leader of Pafilia wins at the prestigious Bank of Cyprus Man of the Year Awards

https://knews.kathimerini.com.cy/en/business/the-visionary-leader-of-pafilia-wins-at-the-prestigious-bank-of-cyprus-man-of-the-year-awards

Pafilia founder and CEO, Mr Elias Eliades has been awarded a prestigious honor at the 21st Bank of Cyprus MAN OF THE YEAR Awards, with the title of Best Manager / Entrepreneur....

22. Ryanair adds five new destinations and a fourth aircraft to its fleet in Cyprus

https://knews.kathimerini.com.cy/en/business/ryanair-adds-five-new-destinations-and-a-fourth-aircraft-to-its-fleet-in-cyprus

Ryanair has announced its busiest summer schedule in Cyprus, with 41 routes from Paphos to destinations including Naples and Toulouse....

23. Raising the Black Friday bar

https://knews.kathimerini.com.cy/en/business/raising-the-black-friday-bar

This year's Black Friday is expected to be much stronger and more appealing to consumers than last year's Black Friday. Following the tepid and disappointing performance of 2021, market participants believe this is the case. ...

24. 'The suspension of foreclosure sales is tragic for the country'

https://knews.kathimerini.com.cy/en/business/the-suspension-of-foreclosure-sales-is-tragic-for-the-country

Bank of Cyprus CEO Panicos Nicolaou described Cyprus's decision to extend the suspension of divestments as "tragic."...

25. Nurses and midwives from the Ukraine can register in Cyprus

https://knews.kathimerini.com.cy/en/news/nurses-and-midwives-from-the-ukraine-can-register-in-cyprus

Ukrainian nurses and midwives who have sought asylum in the Republic of Cyprus may apply to be included at the Registry of Nurses and Midwives in the country on the basis of an EU recommendation to do with the recognition of professional qualifications of people forced to flee Ukraine due to the war....

26. ECB: Banks in Italy, Portugal, Greece, Cyprus could see highest rise in NPLs

https://knews.kathimerini.com.cy/en/news/ecb-banks-in-italy-portugal-greece-cyprus-could-see-highest-rise-in-npls

Banks in Italy, Portugal, Greece and Cyprus could suffer some of the biggest increases in non-performing loans while France, Ireland and Luxembourg could be among the best performers, the European Central Bank said in a fresh study on Tuesday....

27. Who benefits from the proposed rent-to-mortgage scheme?

https://knews.kathimerini.com.cy/en/business/who-benefits-from-the-proposed-rent-to-mortgage-scheme

The "Rent vs Instalment Scheme", now known as the "mortgage to rent" scheme, is nearing completion, with implementation set to begin in January 2023. ...

28. 50 products specified in Cyprus' 'Household Basket'

https://knews.kathimerini.com.cy/en/business/50-products-specified-in-cyprus-household-basket

The Consumer Protection Service will present its initial proposal for the Household Basket in Cyprus to the stakeholders - the Hypermarkets Association, the Retailers Association, the OEB, and the CEB - at 12 noon on Wednesday. ...

29. EY Cyprus awarded project of Holistic Management of Cyta’s Sustainable development

https://knews.kathimerini.com.cy/en/business/ey-cyprus-awarded-project-of-holistic-management-of-cyta-s-sustainable-development

EY Cyprus has been awarded by Cyta the project of the Holistic Management of the company’s Sustainable Development. ...

30. NATO response convoluted in missile aftermath

https://knews.kathimerini.com.cy/en/news/nato-response-convoluted-in-missile-aftermath

Puzzled world leaders breathed a sigh of relief on Wednesday after it was revealed that Ukrainian forces, not Russian, had fired missiles into Poland, but the incident had already disrupted G20 diplomacy meetings in Bali and further revealed hidden divisions within NATO...

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