https://knews.kathimerini.com.cy/en/news/cyprus-economy-grows-by-3-9-in-q3-of-2024
Cyprus’ economy recorded a strong performance in the third quarter of 2024, with GDP growth reaching 3.9% in real terms compared to the same period in 2023, according to data released on Thursday by the Cyprus Statistical Service....
https://knews.kathimerini.com.cy/en/business/cyprus-eyes-new-offshore-gas-licenses-as-global-demand-surges
Cyprus is considering a new round of licensing for offshore gas exploration to capitalize on high demand, according to Energy Minister Giorgos Papanastasiou. With estimates suggesting that undiscovered gas reserves could be around 15-16 trillion cubic feet...
https://knews.kathimerini.com.cy/en/business/fired-paphos-polis-road-contractor-wants-€35-million-payout
The Cyprus government has formally terminated its contract with Intrakat, a Greek construction company, for the long-awaited Paphos-Polis Chrysochous motorway, citing severe delays and excessive demands from the contractor....
https://knews.kathimerini.com.cy/en/news/help-is-on-the-way-for-young-couples-needing-a-home
Starting Friday, November 15, young people and couples in Cyprus will be able to apply for financial assistance through a new housing plan. The program, designed to support those up to the age of 41, will accept applications online until December 31, 2024, at noon....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-reports-€401-million-profit-surge
In the latest financial report, Bank of Cyprus has reported a solid profit of €401 million for the first nine months of 2024—a 15% jump from last year’s €349 million. ...
https://knews.kathimerini.com.cy/en/news/boc-finalizes-sale-of-troubled-loans-to-boost-stability-and-growth
In September 2024, the Bank of Cyprus reached a deal with funds linked to Cerberus Global Investments B.V. to sell a portfolio of non-performing loans—primarily business loans backed by collateral. ...
https://knews.kathimerini.com.cy/en/business/sklavenitis-expands-in-cyprus-shaking-up-the-supermarket-scene
The Cypriot supermarket landscape is shifting as Greece's Sklavenitis Group officially takes over Papantoniou Supermarkets. With Competition Protection Commission approval, ...
https://knews.kathimerini.com.cy/en/business/cyprus-gdp-and-living-standards-improve-but-challenges-remain
Cyprus' living standards have continued to improve, with the country's GDP per capita reaching 95% of the EU average in 2023, according to recent data from the Statistical Service of Cyprus....
https://knews.kathimerini.com.cy/en/business/cyprus-trade-deficit-drops-by-€1-18-billion-as-imports-and-exports-decline
Cyprus’ trade deficit dropped significantly by 17.4%, or €1.18 billion, in the first nine months of the year compared to the same period in 2023, according to provisional data from the Statistical Service of Cyprus (Cystat). ...
https://knews.kathimerini.com.cy/en/comment/opinion/why-i-almost-voted-for-trump—and-why-many-americans-did
I’ve been a staunch Democrat my whole life, but as I look at the results of the latest election, I can’t say I’m entirely shocked by Trump’s success. ...
https://knews.kathimerini.com.cy/en/news/cyprus-average-monthly-salary-reaches-€2-250-in-2023
Cyprus saw a notable increase in average salaries in 2023. According to the latest figures from the Cyprus Statistical Service, the average gross monthly salary for employees on the island reached €2,363 in 2023, ...
https://knews.kathimerini.com.cy/en/comment/opinion/was-trump-really-the-only-option-for-the-working-class-in-2024
What makes a political comeback genuinely remarkable? Is it policy, charm, or a connection to the people? ...
https://knews.kathimerini.com.cy/en/news/fed-cuts-rates-by-0-25-economic-activity-expands-steadily
The Federal Reserve on Thursday cut interest rates by 0.25 percentage points for the second consecutive meeting, bringing the target range to 4.50% to 4.75%, as expected. The decision was unanimous....
https://knews.kathimerini.com.cy/en/news/larnaca-and-paphos-airports-to-handle-17-5-million-passengers-annually
The deal to hand over Larnaca and Paphos airports to Hermes Airports Ltd is nearly sealed, as the company moves toward......
https://knews.kathimerini.com.cy/en/news/greek-american-representation-in-congress-grows-with-six-new-members
Six Greek-Americans have been elected to the US House of Representatives in Tuesday’s presidential election, evenly representing the Democratic and Republican parties and strengthening the community’s voice in Congress by one....
https://knews.kathimerini.com.cy/en/news/germany-faces-uncertainty-as-scholz-fires-finance-minister
Germany’s governing coalition faces a major crisis amid economic challenges and mounting political strife, as Chancellor Olaf Scholz dismissed Finance Minister Christian Lindner and announced he will seek a parliamentary vote of confidence on January 15. If Scholz fails to secure support, Germany could see elections as early as March....
https://knews.kathimerini.com.cy/en/news/keravnos-trump-administration-offers-promising-prospects-for-us-cyprus-relations
Cyprus’ Finance Minister, Makis Keravnos, kept a close eye on the outcome of the U.S. elections, which saw Donald Trump elected as the 47th president of the United States....
https://knews.kathimerini.com.cy/en/business/sklavenitis-cyprus-completes-agreement-with-papantoniou-supermarkets
The agreement regarding the integration of PAPANTONIOU Supermarkets into the SKLAVENITIS Cyprus network has been successfully completed, following approval from the Commission for the Protection of Competition (C.P.C.)....
https://knews.kathimerini.com.cy/en/news/trump-s-emotional-appeal-vs-harris-s-missed-connections
Experts, academics, and political analysts in Cyprus have weighed in on the reasons behind Donald Trump’s success in the latest U.S. elections and Kamala Harris's defeat. ...
https://knews.kathimerini.com.cy/en/business/techisland-invest-cyprus-team-up-to-attract-global-tech-investment
In a move expected to enhance Cyprus’s appeal as a tech hub, TechIsland has signed an agreement with Invest Cyprus to attract more foreign investors, with a particular focus on the technology sector....
https://knews.kathimerini.com.cy/en/news/trump-declares-victory-god-spared-me-to-save-the-country
Donald Trump has done it again. Not only is he back in the White House, but he’s also making history as the first former president to win a second, non-consecutive term....
https://knews.kathimerini.com.cy/en/news/at-the-doorstep-of-mica-what-to-expect-as-crypto-regulation-takes-shape
The European Union's (EU) regulatory framework for cryptocurrencies and digital assets is envisioned to be shaped by the game changer, Markets in Crypto-Assets (MiCA) regulation. ...
https://knews.kathimerini.com.cy/en/news/cyprus-faces-2024-deadline-to-align-with-eu-regulations-on-foreign-investments
Cyprus faces a deadline by the end of 2024 to align with the European regulation governing large foreign investments....
https://knews.kathimerini.com.cy/en/news/greek-american-community-in-queens-divided-as-us-election-stirs-deep-tensions
In Astoria, Queens—a long-standing Greek-American hub—the upcoming U.S. election has created deep rifts in a typically tight-knit community....
https://knews.kathimerini.com.cy/en/news/cyprus-achieves-record-€4-7-billion-in-exports-continuing-years-long-growth
Minister of Energy, Commerce and Industry George Papanastasiou praised the expanding momentum in the Cypriot export activity, stressing that in 2023 exports rose by an annual 38% continuing their steady rising trend of the past years....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-real-estate-market-falters-as-october-sales-drop-6
With just two months left in the year, October has shown that, despite some resilience, the market remains unable to inspire optimism. Economic indicators for the average household have not sparked an uptick in investment interest, and the ongoing geopolitical instability is growing....
https://knews.kathimerini.com.cy/en/business/cyprus-government-revisits-foreign-investment-control-amid-hospital-takeovers
The foreign investment control (FDI) bill, often referred to as the ''Lonestar'' bill, has resurfaced in Cyprus, prompting fresh discussions about foreign ownership of critical sectors, according to a report by Panayiotis Rougalas in this Sunday's Kathimerini. ...
https://knews.kathimerini.com.cy/en/news/cyprus-shifts-westward-with-historic-white-house-meeting
President Nicos Christodoulides recently met with U.S. President Joe Biden in a historic visit to the White House, marking a new chapter in Cyprus’ foreign policy as it turns toward the West, according to a report by Yiannis Ioannou in this Sunday's Kathimerini....
https://knews.kathimerini.com.cy/en/news/cyprus-repays-over-€1b-in-debt-easing-financial-strain
Cyprus made strides in paying down its debt in the second quarter of 2024, settling over €1 billion in bonds and loans....
https://knews.kathimerini.com.cy/en/news/new-york-achieves-solar-power-milestone-a-year-early
New York has reached its target of 6 gigawatts of solar power one year ahead of its 2025 goal, state officials announced recently. ...
