https://knews.kathimerini.com.cy/en/news/one-in-six-faces-poverty-or-social-exclusion
One in six individuals, equivalent to 150,000 people, faced the risk of poverty or social exclusion in Cyprus during 2022, as revealed by the findings of the 2022 Survey on Income and Living Conditions. ...
https://knews.kathimerini.com.cy/en/business/cyprus-spends-more-on-imports-trade-gap-widens
The trade deficit in the first half of 2023 increased by approximately €574 million compared to the same period last year, even though imports significantly dropped in May and June of 2023 when compared to 2022....
https://knews.kathimerini.com.cy/en/news/record-surge-in-loan-renegotiations-amidst-rising-interest-rates
Loan renegotiation in the Cyprus banking system spiked to record levels in the first half of 2023, driven mainly by the repeated interest rate hikes by the European Central Bank (ECB) in its effort to tackle soaring inflation....
https://knews.kathimerini.com.cy/en/business/2022-marks-best-real-estate-year-in-14-years
DANOS, a prominent real estate consulting agency, hails 2022 as a remarkable year for Cyprus real estate, breaking through the economic challenges and awakening from the post-COVID stagnation. ...
https://knews.kathimerini.com.cy/en/news/luxurious-residences-and-cutting-edge-offices-transform-nicosia-s-skyline
After being closed for two years, the Landmark Hotel, formerly known as the Hilton, is undergoing rapid renovation. The MHV Group, the owner, has provided an update indicating that the project is progressing swiftly according to the plan, ...
https://knews.kathimerini.com.cy/en/news/londoners-at-risk-as-average-rents-could-surge-to-£2-700-month-next-year
Average rental costs in London may soar to £2,700 per month next year, new figures from City Hall suggest....
https://knews.kathimerini.com.cy/en/business/cbc-bounced-checks-decline-continue-to-decline
A total of 36 bounced checks, amounting to €112,717, were issued in July 2023. These checks involve 18 entities, consisting of 11 legal entities and 7 individuals. ...
https://knews.kathimerini.com.cy/en/comment/opinion/is-there-a-need-for-radical-changes-in-civil-protection
The catastrophic fire in Rhodes, a typical and unfortunate example of what is internationally referred to as a mega-fire - a fire that is extremely destructive to the local environment...
https://knews.kathimerini.com.cy/en/news/tourism-sets-record-revenue-with-fewer-arrivals
The latest data on tourism revenues for the month of May has brought encouraging news for the tourism sector, signaling positive effects on the Cypriot economy....
https://knews.kathimerini.com.cy/en/news/strongest-work-from-home-rights-for-australians
Before COVID-19 sent one-third of the global workforce home, the Melbourne property surveyor that employs drone operator Nicholas Coomber called its 180-strong staff into the office every day at 9 a.m. to hand out assignments....
https://knews.kathimerini.com.cy/en/news/jordan-and-eu-strengthen-energy-ties-via-cyprus
The desire for cooperation with Cyprus on the issue of Jordan's electricity connectivity with the EU was expressed by the Jordanian Minister of Energy during his meetings with the Cypriot Minister of Energy in Amman.
...
https://knews.kathimerini.com.cy/en/news/is-poland-upset-with-ukraine
The eastern flank of the European Union — particularly Poland — continues to play a crucial role in helping Ukraine fight against Russia’s invasion. A recent diplomatic squabble over grain imports, compounded by historical issues, puts the once-stable footing at risk....
https://knews.kathimerini.com.cy/en/news/unemployment-sees-significant-drop-down-by-6-8-in-july-2023
The unemployed persons, registered at the District Labour Offices on the last day of July 2023, reached 13,187 persons, with their number decreasing by 958 persons or 6.8%, compared to July 2022, according to data published by the Statistical Service of Cyprus on Thursday....
https://knews.kathimerini.com.cy/en/news/first-woman-chairperson-for-intermepa
The International Marine Environment Protection Association INTERMEPA announced the election of Semiramis Paliou as its first woman Chairperson on Wednesday. ...
https://knews.kathimerini.com.cy/en/business/eurobank-cyprus-reports-soaring-profits-amid-rising-interest-rates
Eurobank Cyprus posted soaring profitability after tax for the first half of 2023 with net profits approaching the profitability of full year 2022, due to rising interest rates and the high remuneration of its liquidity held at the ECB....
https://knews.kathimerini.com.cy/en/news/fuel-companies-announce-significant-price-hikes
Looking at the average prices across Cyprus, we found that the average price of unleaded 95 petrol increased yesterday afternoon, Tuesday, compared to the morning, and now stands at 1.5 euros per liter....
https://knews.kathimerini.com.cy/en/news/prices-of-homes-and-apartments-up-7-7-annually
The rise recorded in the housing market in Cyprus during the first quarter of 2023 was significant, as prices continued to increase, especially in apartments, mainly due to higher demand....
https://knews.kathimerini.com.cy/en/business/retail-trade-soars-by-8-4-in-june
Retail trade turnover increased by 8.4% in value and 6.4% in volume in June 2023 compared to the corresponding month of 2022, according to data presented by the Statistical Service on Tuesday....
https://knews.kathimerini.com.cy/en/news/fuel-prices-on-the-rise-in-cyprus
The prices of fuel in Cyprus are continuously increasing, putting a financial burden on many Cypriot citizens. Last week, the Representative of the Pan-Cyprian Consumer Association, Marios Drousiotis, estimated that there will be another increase of 2-3 cents in prices within days....
https://knews.kathimerini.com.cy/en/business/melco-announces-unaudited-second-quarter-2023-earnings
Melco Resorts & Entertainment Limited (Nasdaq: MLCO), operator of City of Dreams Mediterranean and Cyprus Casinos (“C2”), reported its unaudited financial results for the quarter ended 30 June 2023....
https://knews.kathimerini.com.cy/en/news/ceo-of-hellenic-bank-placed-on-leave
The Hellenic Bank's CEO, Oliver Gatzke, has been placed on mandatory leave with full pay after informing the bank of his decision to terminate his employment contract, effective from July 22, 2024, when the contract was due to expire....
https://knews.kathimerini.com.cy/en/comment/opinion/miss-cypriot-beauty-1971-a-journey-through-time
"This fabric is an old curtain from Ledra Palace," she says, caressing the covering tenderly that she uses to cover her sofa, in a cool, oasis-like elevation within her elegant home in Kato Arodes, Paphos. ...
https://knews.kathimerini.com.cy/en/news/government-achieves-€155-5m-surplus-in-2023
Cyprus government's surplus for the first half of 2023 increased to €155.5 million, equivalent to 0.5% of GDP, compared to a deficit of €92.4 million (-0.3% of GDP) for the period of January-June 2022, based on preliminary fiscal results from the Statistical Service of Cyprus.
...
https://knews.kathimerini.com.cy/en/news/european-leaders-standing-firm-against-erdogan-s-tactics
Turkish President Recep Tayyip Erdogan is riding high after extorting Europe and forcing not only Sweden but also NATO to humiliate themselves as supplicants caving to extortion. ...
https://knews.kathimerini.com.cy/en/news/europe-dominates-7-10-searched-summer-getaways
The European destinations continue to have the highest travel interest this summer, while Asia Pacific has experienced a surge in popularity, a recent research by Skift has revealed, showing the ten most searched destinations for travel in the summer of 2023 is led by Bangkok, Thailand....
https://knews.kathimerini.com.cy/en/news/hyperion-limassol-s-new-skyline-wheel
Limassol could soon have its own captivating observation wheel, similar to the famous London Eye....
https://knews.kathimerini.com.cy/en/news/ecb-dilemma-with-core-inflation-at-5-5
The European Central Bank (ECB) is almost certain to raise interest rates by 25 basis points in its meeting tomorrow, though what happens next is unclear....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-witness-€52-3b-growth
Deposits in the Cyprus banking system rose significantly in June totalling €52.3 billion, while liquidity in the banking system amounted to €27.2 billion....
https://knews.kathimerini.com.cy/en/news/lawsuit-threatens-€284-5m-pdo-halloumi-industry
Shortly before the completion of a year (July 22, 2022) since the agreement between the Ministry of Agriculture, producers, cheesemakers, and KEVE, and the implementation of the terms of the European Regulation in the halloumi production chain, it seems that Cyprus' protected cheese is facing new challenges....
https://knews.kathimerini.com.cy/en/news/uber-driver-saves-over-$1-000-monthly-with-tesla
Wesley Johnson, 64, uses the income he earns as a San Francisco Uber driver to offer some financial support to his four children and seven grandchildren.
...
