https://knews.kathimerini.com.cy/en/news/experts-predict-few-coal-plants-to-survive-stricter-us-regulations
New climate rules imposed by Joe Biden’s administration requiring huge cuts in carbon pollution from coal-fired power plants will accelerate the decline of an industry that until recently provided most of America’s power, experts say, potentially even dealing a death blow to coal in the US....
https://knews.kathimerini.com.cy/en/news/cyprus-bolsters-anti-money-laundering-arsenal
The Cyprus government has reaffirmed its steadfast dedication to upholding international standards in combating money laundering and terrorism financing, as outlined in a press release by the Presidency of the Republic....
https://knews.kathimerini.com.cy/en/news/cyprus-records-3-2-drop-in-march-fuel-sales
Total sales of petroleum products declined by 3.2% year on year in March with sales amounting to 108,200 tonnes.
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https://knews.kathimerini.com.cy/en/business/cyprus-navigates-economic-uncertainty-with-strong-economic-reserves
Cyprus is sitting pretty with a lot of cash in the bank, and it's good news for handling any economic bumps in the road. The government's stash of nearly €2.83 billion can cover a big chunk of its debts due in the next year....
https://knews.kathimerini.com.cy/en/news/mp-neofytou-proposes-11-000-immediate-payout-for-solidarity-fund-recipients
Democratic Rally MP Averof Neophytou has unveiled a groundbreaking initiative aimed at alleviating financial burdens for beneficiaries of the Solidarity Fund....
https://knews.kathimerini.com.cy/en/news/consumer-agency-reports-stable-easter-prices-with-some-increases
Prices of 18 Easter products are holding steady at last year's levels, with some exceptions showing significant increases, according to findings from the Consumer Protection Agency under the Ministry of Energy, Trade, and Industry....
https://knews.kathimerini.com.cy/en/news/scotland-s-leader-yousaf-steps-down-amidst-turmoil
Scotland's leader Humza Yousaf resigned on Monday, further opening the door to the UK opposition Labour Party regaining ground in its former Scottish heartlands during a national election expected to be held later this year.
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https://knews.kathimerini.com.cy/en/news/european-airfares-hit-20-30-increase-from-2019-to-2023
Throughout the summer of 2023, air travel across Europe witnessed a significant uptick in prices, with fares soaring 20 to 30% higher compared to pre-pandemic levels in 2019, according to recent data from E data.E. released in October....
https://knews.kathimerini.com.cy/en/news/former-central-bank-governor-reflects-on-achievements-and-future-plans
In an exclusive interview with Andreas Kimitris of Kathimerini, former Cyprus Central Bank Governor Constantinos Herodotou delved into various aspects of his tenure and the hurdles encountered during his term. ...
https://knews.kathimerini.com.cy/en/news/macron-declares-europe-is-mortal-calls-for-unity
The 27-country bloc needs to urgently rethink its defence and economic models to not fall behind its rivals, the French leader said.
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https://knews.kathimerini.com.cy/en/news/cyprus-reports-€133-1-million-increase-in-march-loans
In March, both total deposits and loans saw an upward trend, with liquidity (the difference between loans and deposits) exceeding €27 billion, according to statistics on deposits and loans from Monetary Financial Institutions published today by the Central Bank of Cyprus.
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https://knews.kathimerini.com.cy/en/news/eurobank-set-to-dominate-cyprus-insurance-scene-with-hellenic-stake
As Eurobank eagerly anticipates the green light from regulatory bodies such as the European Central Bank, the Central Bank of Cyprus, and the Companies Registrar for its acquisition of 55% ownership......
https://knews.kathimerini.com.cy/en/news/cyprus-central-bank-sets-interest-rate-limit-at-11-42
The Central Bank of Cyprus determined the reference interest rate to be 11.42%, exercising its powers under article 314A of the Cyprus Penal Code, Cap.154, and in accordance with the provisions of the said article....
https://knews.kathimerini.com.cy/en/news/the-birth-of-bank-of-cyprus-in-1899
The narrative of the Bank of Cyprus, the venerable cornerstone of the island's financial landscape, traces its origins back to January 1, 1899. This pivotal moment heralded a new era not only for Cyprus's economy but also for its societal fabric....
https://knews.kathimerini.com.cy/en/business/€182m-deal-marks-hellenic-s-strategic-move-into-insurance-sector
CNP Cyprus, the subsidiary of the French insurance giant CNP Assurances, is finally being transferred to Hellenic Bank for €182 million....
https://knews.kathimerini.com.cy/en/news/new-investment-frontier-opens-for-citizens
Citizens now have access to and can invest in bonds issued by the Republic of Cyprus. In a recent auction by the Public Debt Management Office......
https://knews.kathimerini.com.cy/en/news/cyprus-welcomes-foreign-workers-amidst-hotel-staffing-crisis
The accord forged by the Ministry of Labour alongside employer and trade union representatives to tackle workforce shortages, especially prevalent......
https://knews.kathimerini.com.cy/en/news/cyprus-travel-expo-2024-a-hit-with-10-000-visitors
The Cyprus Travel and Tourism Agents Association (ACTΤA) and Display Art Plc orchestrated a resounding success with the 25th Travel Expo Cyprus, held from April 19th to 21st, 2024, at the prestigious Cyprus State Fairgrounds.
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https://knews.kathimerini.com.cy/en/business/imported-wine-squeezes-cyprus-market
According to Kathimerini reporter, Andreas Karamitas, wine marketing in Cyprus boasts an annual turnover of approximately €7 million, a sum primarily fueled by domestic consumption rather than exports, which only account for around €1 million. ...
https://knews.kathimerini.com.cy/en/news/confusion-clouds-real-estate-policies-in-cyprus
In the current real estate landscape, confusion reigns supreme, even surpassing the realm of uncertainty, according to an op-ed written by Andreas Andreou, CEO of APS Andreou Property Strategy - Chartered Surveyors. ...
https://knews.kathimerini.com.cy/en/news/president-advocates-for-innovation-centers-to-pursue-commercialization-and-self-financing
Centres of Excellence should pursue commercialisation aiming at self-financing, the President of the Republic, Nikos Christodoulides said at the inauguration......
https://knews.kathimerini.com.cy/en/news/commonwealth-ministers-meet-in-cyprus-to-safeguard-the-oceans
At a pivotal moment for our planet, representatives from 28 Commonwealth nations convened in Cyprus to shape the destiny of our oceans....
https://knews.kathimerini.com.cy/en/news/agreement-reached-on-foreign-worker-policy
In a significant development, all social partners have come to an agreement regarding the participation of foreign workers in Cyprus' labor market. Labour and Social Partners Minister Yannis Panagiotou announced the breakthrough, highlighting the importance of cooperation among stakeholders in addressing challenges facing the job market....
https://knews.kathimerini.com.cy/en/news/cyprus-ends-2023-with-€918-7-million-fiscal-surplus
Cyprus's financial report card for 2023 is in, and it's showing some positive signs. According to the Statistical Service of Cyprus, the country ended the year with a fiscal surplus of €918.7 million. That's like having extra money left over after paying all the bills....
https://knews.kathimerini.com.cy/en/news/cypriot-banks-predicted-to-surpass-€1-2-billion-profits-in-2024
In a landmark year, Cypriot banks soared to unprecedented heights, boasting profits exceeding €1.1 billion in 2023....
https://knews.kathimerini.com.cy/en/news/summer-optimism-in-cyprus-tourism-despite-regional-uncertainty
Tourism in Cyprus soared last March, boasting a 9.8% increase, welcoming 202,256 travelers. From January to March 2024, arrivals hit 415,251, marking a 5.4% rise....
https://knews.kathimerini.com.cy/en/news/cyprus-leads-the-charge-in-sustainable-aquaculture
The Ministerial Conference on Oceans, titled ''Our Resilient Shared Ocean: From Cyprus to Samoa,'' concluded with optimistic messages regarding the future of water resource management....
https://knews.kathimerini.com.cy/en/news/reduced-vat-for-homebuyers-within-12-months
The parliament has passed a law enabling beneficiaries to apply for a reduced 5% VAT rate within a year of acquiring a residence....
https://knews.kathimerini.com.cy/en/news/4-million-euros-to-foster-turkish-cypriot-business-integration
The European Commission, in partnership with GIZ International Services, has initiated a two-year project aimed at bolstering private sector development within the Turkish Cypriot community and enhancing Green Line trade,...
https://knews.kathimerini.com.cy/en/news/iran-israel-tensions-economists-warn-of-global-market-turbulence
As tensions simmer between Israel and Iran following recent Iranian attacks, economists are closely monitoring the potential implications for global markets....
