https://knews.kathimerini.com.cy/en/business/latest-inflation-figures-point-up
Inflation is on the rise in Cyprus amid hikes in fuel prices with the annual rate reaching 2.5% last month, almost one percentage point compared to last year until August...
https://knews.kathimerini.com.cy/en/news/cyprus-sees-seven-thousand-fewer-jobless-in-one-year
The number of registered unemployed in Cyprus decreased in August 2018 by 7,137 people or 23%, compared to August last year...
https://knews.kathimerini.com.cy/en/business/cyprus-makes-the-case-for-regional-headquartering
Cyprus has emerged as a serious contender in the world of international investment, putting a conference in Limassol next week in a unique position to promote the island as a regional headquartering centre...
https://knews.kathimerini.com.cy/en/news/former-trustee-says-credit-unions-were-in-chaos
Another former trustee of the defunct Cyprus Cooperative Bank speaks out, describing a world of chaos at the financial institution where lack of expertise, political pressure, and wrongdoing ruled the day
...
https://knews.kathimerini.com.cy/en/news/turkish-cypriots-to-touch-base-with-ankara
Turkish Cypriot officials are reportedly getting ready for a trip to Ankara where they will discuss the Turkish economic crisis and its impact on the northern part of the island...
https://knews.kathimerini.com.cy/en/news/light-reshuffle-seeks-balance
Prime Minister Alexis Tsipras gave his cabinet a light reshuffle on Tuesday, promoting certain close associates and bringing in some new faces while keeping key ministry posts untouched....
https://knews.kathimerini.com.cy/en/news/ozersay-accuses-south-of-putting-the-clamps-on-north
A Turkish Cypriot top official has accused the Foreign Ministry of the Republic of Cyprus of unfairly targeting the shipping industry and universities in the north at a time when there are calls for better relations between the two communities...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-ceo-stays-put-through-2020
Bank of Cyprus CEO John Patrick Hourican will stay in his current position through the end of 2020, following a decision by the executive board at the largest lending institution in Cyprus...
https://knews.kathimerini.com.cy/en/business/additional-revenues-of-4-7-billion-euros-needed-to-reach-targets
The Greek government will have to collect additional tax revenues of 4.7 billion euros in the first post-bailout period of enhanced supervision (2018-2022) by its creditors, in order to achieve the agreed primary surpluses and record surpluses....
https://knews.kathimerini.com.cy/en/comment/opinion/come-back-support-greece
We are caught between celebrations over Greece’s “clean exit” from the bailout programs on one hand and, on the other, allegations that the country has effectively signed up to what can be considered a “fourth memorandum” and is headed to economic disaster....
https://knews.kathimerini.com.cy/en/news/ngo-says-asylees-can-t-cope-in-cyprus
A human rights group is calling on authorities to do more to help asylum applicants in Cyprus, saying rules governing financial aid are “racist and inhuman” five years post economic crisis...
https://knews.kathimerini.com.cy/en/news/shadows-loom-over-government-s-‘clean-exit-scenario
Greece’s bailout exit has been eliciting condescending and bitter commentary on the country’s beaches and in its near-deserted cities, as few Greeks believes their lives are going to improve or that the country’s prospects will be akin to those of other bailed-out eurozone states. Greece’s “return to normalcy” and “clean exit,” much touted by the government, appear to be happening somewhere else....
https://knews.kathimerini.com.cy/en/news/stephen-lillie-there-is-only-plan-a-for-cyprus
There is a clear plan A for Cyprus, that of a bi-zonal, bi-communal federation solution, and there is no plan B, UK High Commissioner in Nicosia, Stephen Lillie, has told the Cyprus News Agency (CNA), stressing that “for plan A to succeed the negotiations need to be well prepared, and the public opinion needs to be well prepared” as well....
https://knews.kathimerini.com.cy/en/news/regling-says-greece-will-remain-linked-to-esm
Greece will be monitored more closely by the European Stability Mechanism (ESM) and the other institutions after its bailout ends six days from now compared to other countries that emerged from rescue programs, according to ESM chief Klaus Regling....
https://knews.kathimerini.com.cy/en/comment/the-mistakes-of-greece-s-creditors
A lot has been said about the mistakes made by Greece’s lenders during the bailout programs. The fact is they made many errors, including some serious ones. Meanwhile, Greek politicians were responsible for refusing to take ownership of the required reforms and failing to reach a degree of basic consensus. ...
https://knews.kathimerini.com.cy/en/business/global-jitters-hit-greek-bonds
Just days before Greece is to emerge from its international bailouts, upheaval in international markets took a toll on Greek bonds on Thursday, driving yields up above 4 percent....
https://knews.kathimerini.com.cy/en/business/price-caps-on-gasoline-in-some-islands-expected
The authorities are expected to impose a two-month price cap on fuel prices in the southern Aegean islands where unleaded gasoline has soared to almost 2 euros per liter....
https://knews.kathimerini.com.cy/en/news/yay-or-nay-on-daylight-saving-time
Only one week is left as European citizens are asked to vote whether they want to keep or scrap Daylight Saving Time...
https://knews.kathimerini.com.cy/en/news/hot-weather-still-a-cyprus-gold-mine
Inbound visitors drawn to the island spend more money than what outbound locals spend overseas, and a study says it is because of the warm climate...
https://knews.kathimerini.com.cy/en/business/greek-bank-deposits-rise-in-june-for-fifth-month-in-a-row
Greek bank deposits rose in June for a fifth consecutive month, increasing by 1.3 billion euros ($1.52 billion), central bank data showed on Wednesday....
https://knews.kathimerini.com.cy/en/comment/opinion/investing-in-knowledge
A growth rate of 1.9 percent is way too small for a country like Greece, especially as the rest of Europe’s performance is so much more robust. This is, after all, a country that shed 25 percent of its gross domestic product (GDP) in the course of a decade. What we should be seeing, therefore, is the effect of a tightly wound spring, whereby a virtuous cycle of growth begins and only gets faster with time. Instead, we’re hobbling along at 1.9 percent, the slowest rate an economy can achieve after hitting rock bottom....
https://knews.kathimerini.com.cy/en/news/moody-s-says-bank-of-cyprus-better-off-after-uk-sale
Rating Agency Moody’s has described the sale of Bank of Cyprus UK as credit positive, noting that the sale would place Bank of Cyprus in a better position to focus on reducing its domestic high stock of problematic loans...
https://knews.kathimerini.com.cy/en/news/government-exploring-ways-to-suspend-pension-cuts
The government is hoping that surpluses at the Single Social Security Entity (EFKA) will allow the non-implementation of pre-legislated pension cuts on January 1 next year....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-sells-uk-subsidiary
The Bank of Cyprus Financial Services is being sold to Cynergy Capital, as the BoC walks away from the UK to put more focus on performance in a rebounding Cypriot economy...
https://knews.kathimerini.com.cy/en/news/president-thanks-parliamentary-caucus-for-sunday-votes
President Nicos Anastasiades praised the ruling and opposition parties for approving state guarantees for Hellenic Bank as well as passing new foreclosure and bankruptcy laws, adding he would not respond to criticism...
https://knews.kathimerini.com.cy/en/news/house-approves-state-guarantees-in-co-op-deal
The House passed legislation Sunday night in favour of providing state guarantees to Hellenic Bank in its acquisition of Cyprus Cooperative Bank’s healthy portfolio...
https://knews.kathimerini.com.cy/en/business/overall-retail-rise-not-overshadowed-by-slight-drop
Retail trade volume in Cyprus dropped by 0.8% in April 2018 compared to March, but rose by 5.8% since a year ago...
https://knews.kathimerini.com.cy/en/news/house-prepares-to-define-good-and-bad-borrowers
The distinction between responsible and irresponsible borrowers is at the forefront of heated debate this week, with Presidential Palace and Parliament scrambling to strike balance ahead of a crucial vote...
https://knews.kathimerini.com.cy/en/news/cyprus-jobless-drop-in-may-biggest-in-the-eu
Cyprus recorded the largest unemployment drop in the European Union for May 2018, dropping to 8.4% from 8.6% the previous month...
https://knews.kathimerini.com.cy/en/news/bad-loans-revive-mp-financial-disclosure-debate
A ruthless debate is picking up steam among members of parliament following public discussion and media coverage that raises the issue of conflict of interest ahead of a crucial vote on bad loans...
