https://knews.kathimerini.com.cy/en/news/price-of-eggs-in-cyprus-up-by-23
According to data released by Eurostat, food prices have significantly risen in 2022....
https://knews.kathimerini.com.cy/en/news/hsbc-buys-failed-silicon-valley-bank-in-bid-to-stem-fallout
Governments in the UK and the U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down....
https://knews.kathimerini.com.cy/en/comment/opinion/real-estate-trends-in-2023
Increased inflation, rising interest rates, rising building costs, rising property values, a slight decline in new development approvals, a slight decline to stabilization in the unemployment rate, a slight increase in GDP, and a slight decline in private lending are just a few indicators of the (very) general economic picture....
https://knews.kathimerini.com.cy/en/news/russians-top-list-of-property-buyers-in-the-first-months-of-2023
Russian nationals were by far the largest group of foreign real estate buyers in Cyprus during the first two months of 2023, according to data by the Department of Lands and Surveys,...
https://knews.kathimerini.com.cy/en/news/finance-minister-calls-on-banks-to-delay-foreclosures
The Finance Ministry is considering possible actions to tackle non-performing loans and is examining a set of measures aiming to address the issue, ...
https://knews.kathimerini.com.cy/en/business/digital-app-to-compare-product-prices-in-the-works
Following the withdrawal of the Household Basket proposal in Cyprus, the Consumer Protection Service is now promoting the preparation of a bill for the implementation of a digital tool that will enable the daily comparison of retail prices of products....
https://knews.kathimerini.com.cy/en/news/foreclosure-sales-to-restart-after-parliamentary-vote
The House of Representatives voted 22 to 18 against a proposal for a new three-month suspension of foreclosure sales, which had been tabled in the form of an emergency bill....
https://knews.kathimerini.com.cy/en/news/cyprus-gdp-and-employment-up-according-to-eurostat
Both GDP and employment increased during the 4th quarter of 2022 compared to the previous quarter in Cyprus, while in the eurozone GDP remained stable and employment increased and in the EU GDP fell and employment increased, according to estimates released by Eurostat, the statistical service of the EU....
https://knews.kathimerini.com.cy/en/news/consumers-cutting-back-on-non-essential-items-as-cost-of-living-rises
As the cost of living crisis continues to rise globally, consumers have drastically adjusted their spending behaviors, with the majority (53%) of global consumers “holding back” on non-essential spending. ...
https://knews.kathimerini.com.cy/en/news/minister-of-labor-in-the-hot-seat-on-cola-issue
The President of the Republic's directive to the new members of the government that there is no time to waste and that the government should ramp up the initiation of its projects effectively overrides some ministries where pending issues are pressing. ...
https://knews.kathimerini.com.cy/en/news/afghan-women-protest-ban-on-female-education
Young Afghan women gathered outside Kabul University on Monday to protest the ruling Taliban’s ban on female education as their male peers returned to school for a new academic year and the United Nations heard the restriction may amount to a crime against humanity....
https://knews.kathimerini.com.cy/en/business/cbc-number-of-bounced-checks-increase-in-february
A total of 38 bounced cheques have been registered in the Central Information Registry (CIR) for dishonored cheques in February, compared with 23 in January, the Central Bank of Cyprus (CBC) said on Monday....
https://knews.kathimerini.com.cy/en/news/president-cancels-order-for-state-vehicles
The government has withdrawn the request pending before the parliamentary finance committee for the purchase of vehicles for state officials, the parliamentary finance committee said....
https://knews.kathimerini.com.cy/en/news/saudi-arabia-puts-$5-billion-into-turkish-central-bank
Saudi Arabia said Monday it deposited $5 billion into the Turkish central bank, likely helping Ankara firm up its long-weakening currency, the lira, after last month’s massive earthquake that struck southeast Turkey and northern Syria....
https://knews.kathimerini.com.cy/en/news/airlines-and-iata-to-take-legal-action-for-flight-reductions-at-schiphol
The government of the Netherlands may be facing legal action related to their recent decision to reduce the number of annual flights at Amsterdam’s Schiphol Airport to 460,000 from November 2023, which is eight percent lower than the current flight cap....
https://knews.kathimerini.com.cy/en/news/rishi-sunak-gets-tough-on-irregular-immigration
Prime minister Rishi Sunak will introduce new laws this week barring anyone arriving in the UK by small boats across the English Channel from claiming asylum....
https://knews.kathimerini.com.cy/en/news/government-s-fuel-tax-reduction-scheme-extended-to-may-4th
The President of the Republic Nikos Christodoulides has already signed the law extending the reduction of fuel taxes until May 4, 2023, following the approval of the relevant bill today, by the House Plenary....
https://knews.kathimerini.com.cy/en/news/g20-talks-end-with-no-consensus-on-ukraine-war
Top diplomats from the Group of 20 industrialized and developing nations ended their contentious meeting in New Delhi on Thursday with no consensus on the Ukraine war, India’s foreign minister said, as discussions of the war and China’s widening global influence dominated much of the talks...
https://knews.kathimerini.com.cy/en/news/reduction-of-electricity-costs-a-priority-says-new-energy-minister
One of the first priorities of the new administration will be to reduce the cost of electricity, in order to help the industry and the economy reach the potential “they deserve”, new Minister of Energy, Commerce and Industry Giorgos Papanastasiou said on Wednesday....
https://knews.kathimerini.com.cy/en/business/february-newsletter-of-k-treppides-co-ltd-eba
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....
https://knews.kathimerini.com.cy/en/news/government-surplus-of-€609-5-million-for-2022
General Government preliminary fiscal results published by the Statistical Service of Cyprus on Tuesday indicate a surplus of €609.5 mn, equal to 2.3% of GDP, for the period of January-December 2022, compared to a deficit of €402.8 mn or 1.7% of GDP, that was recorded during the period of January-December 2021....
https://knews.kathimerini.com.cy/en/news/christodoulides-netanyahu-discuss-strategic-importance-of-cyprus-israel-relationship
The strategic significance of the Cyprus-Israel relationship was discussed during a telephone conversation on Sunday evening between President-elect Nikos Christodoulides and Prime Minister of Israel, Benjamin Netanyahu, at the latter's initiative...
https://knews.kathimerini.com.cy/en/news/the-who-s-who-of-the-christodoulides-government
On Monday afternoon (27/02), Nikos Christodoulides, the country's new leader, unveiled his new administration. Read the detailed biographies of the individuals who make up the new government....
https://knews.kathimerini.com.cy/en/news/akamas-compensation-guidelines-poses-risks-says-finance-minister
"The guidelines for compensating landowners in Akamas for the loss of land value they have incurred and providing assistance to the neighborhood are speculative and ill-defined....
https://knews.kathimerini.com.cy/en/news/economic-sentiment improved-in-february
Economic sentiment improved in February, with the Economic Sentiment Index (ESI) rising by 1.9 points compared to January....
https://knews.kathimerini.com.cy/en/business/eib-financed-€250-million-worth-of-green-projects-in-cyprus
The European Investment Bank (EIB) reported on Wednesday on its strong engagement in Cyprus for 2022, with new financing signed reaching a total of €250 million, all of which was invested in green projects....
https://knews.kathimerini.com.cy/en/business/ey-presents-report-on-the-future-of-banking-in-cyprus
The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...
https://knews.kathimerini.com.cy/en/news/electricity-subsidies-extended-for-another-two-months
The Council of Ministers, which convened on Wednesday for the last time under outgoing President of the Republic Nicos Anastasiades, approved the extension of a subsidy for the cost of electricity consumption as well as reduced excise for specific products....
https://knews.kathimerini.com.cy/en/business/2023-will-be-the-year-banks-dole-out-dividends
Apart from entering 2023 with inflationary tendencies and following a year with a geopolitical crisis due to the Ukrainian one, it is expected to be the year when the term "dividend distribution,"...
https://knews.kathimerini.com.cy/en/comment/opinion/thinking-of-investing-in-real-estate-don-t-do-it
A lack of financial literacy can lead people to consider investing in direct real estate. This a provocative statement to say the least, so let me explain....
