https://knews.kathimerini.com.cy/en/news/themis-themistocles-signals-potential-2024-interest-rate-cut
In their ''Year Ahead 2024'' forecast, analysts at Swiss financial giant UBS anticipate a slowdown in the strength of the US economy throughout 2023. ...
https://knews.kathimerini.com.cy/en/news/interior-minister-highlights-75-reduction-in-african-arrivals
In bilateral meetings held in Geneva, Interior Minister Konstantinos Ioannou emphasized the shift from illegal to legal migration channels, as stated in a press release by the Interior Ministry on Friday. ...
https://knews.kathimerini.com.cy/en/news/interior-minister-considers-plan-with-iom-to-boost-international-workforce
Interior Minister Constantinos Ioannou has conveyed to IOM (International Organization for Migration) Director General Amy Pope Cyprus' willingness to look into implementing a pilot programme to attract labour force from third countries....
https://knews.kathimerini.com.cy/en/news/government-employment-hits-record-high
In ongoing discussions about new hires and the 2024 budget in Parliament, the focus is on the remarkable increase in government employment, surpassing levels from 2012....
https://knews.kathimerini.com.cy/en/business/cyprus-reports-significant-drop-in-joblessness
The latest data released by the District Labour Offices indicate a notable decline in registered unemployment rates for November 2023, both on a monthly and on a yearly basis....
https://knews.kathimerini.com.cy/en/business/ey-cyprus-signs-mou-with-university-of-cyprus
Organization to offer scholarships to students of the MBA and MSc Finance and cover CFA qualification costs for undergraduates....
https://knews.kathimerini.com.cy/en/news/a-golden-knowledge-program-vs-a-golden-passport-program
In a recent session, the Cyprus Parliament passed a DIKO (Democratic Party) law proposal to amend the Law on the Civil Registry, focusing on modernizing the existing legal framework for the naturalization of foreigners. ...
https://knews.kathimerini.com.cy/en/news/government-achieves-historic-50-drop-in-asylum-applications
There is a 50% reduction in the period March-October 2023 in new asylum applications compared to the 2022 corresponding period, the Interior Ministry said on Tuesday, noting at the same time that for the first time, the overall balance of arrivals-returns presents a positive picture, and Cyprus is now ranking in the first places among European states in absolute numbers of returns....
https://knews.kathimerini.com.cy/en/business/cyprus-gets-bbb-boost-in-latest-ratings-but-challenges-persist
The German Scope Ratings have given a positive sign for Cyprus by upgrading the country to BBB+ last Friday from the previous BBB while keeping the outlook of the economy stable. ...
https://knews.kathimerini.com.cy/en/news/house-plenary-votes-on-teleworking-bill-what-s-at-stake
In a decisive move, the House plenary convened this afternoon to cast their votes on a groundbreaking teleworking bill, aiming to establish a robust framework for regulating working conditions in the evolving landscape of remote employment....
https://knews.kathimerini.com.cy/en/news/cyprus-eyes-$1-22-billion-for-electric-cars
Cyprus is set to undergo a transformative phase with its revised Recovery and Resilience Plan, valued at $1.22 billion....
https://knews.kathimerini.com.cy/en/news/deputy-ministry-s-one-stop-shop-for-shipping-sets-sail-monday
The one-stop-shop shipping centre at the Deputy Ministry of Shipping will be operating as of next Monday, starting with the services of the Department of Population Records and Immigration, announced the competent Deputy Minister Marina Hadjimanolis....
https://knews.kathimerini.com.cy/en/business/business-booms-and-busts-in-cyprus
Newly released data from Eurostat, the statistical service of the European Union, provides insights into the business landscape in 2021. The rate of "enterprise births"...
https://knews.kathimerini.com.cy/en/news/the-mystery-of-cyprus-social-insurance-fund
The Republic of Cyprus achieved its first significant milestone with the establishment of the Social Insurance System, originally introduced during the colonial era. ...
https://knews.kathimerini.com.cy/en/news/7-933-persons-have-left-cyprus-in-ongoing-immigration-trend
Sixteen third-country nationals, who resided illegally in Cyprus, were identified and arrested, during the weekend, as part of coordinated police operations. As part of efforts to return third-country nationals to their countries of origin, another 20 people departed from the island last Friday....
https://knews.kathimerini.com.cy/en/news/cyprus-rcords-remarkable-17-4-decrease-in-registered-unemployed
In October 2023, the number of registered unemployed persons in Cyprus exhibited a significant decline, marking a 17.4% decrease, equivalent to 1,951 individuals, as reported by the Statistical Office. ...
https://knews.kathimerini.com.cy/en/news/cyprus-grapples-with-alarming-gaps-in-youth-employment-and-basic-skills
The Chairman of the Parliamentary Committee on Labour, Welfare and Social Security, Andreas Kafkalias, expressed concern over the gaps in basic skills and the high percentage of young people not in employment, education, or training (14.7%) in Cyprus. ...
https://knews.kathimerini.com.cy/en/business/celestyal-cruises-unveils-largest-fleet-gem-celestyal-journey-in-limassol-port
Celestyal Cruises presented its largest fleet jewel, the "Celestyal Journey," at Limassol Port this Wednesday. The vessel has been part of the routes that commenced last September, scheduled to continue until June 2024, with the exceptions of January and February....
https://knews.kathimerini.com.cy/en/news/bar-meeting-turns-into-starvation-wages-circus
The Parliamentary Committee of Lawyers, in conjunction with the new Council of the Cyprus Bar Association, addressed several critical issues during their meeting today....
https://knews.kathimerini.com.cy/en/news/healthcare-workers-demand-collective-contract-in-eight-hour-strike
In a resolute move, employees of the Organization of State Health Services (OKYS) are set to conduct an eight-hour strike on October 25, 2023, from 7:00 am to 3:00 pm, in a bid to push for a collective employment contract. The strike, which involves various professional groups within the organization, is being organized by trade unions DEK, PEO, DEEC, PASYDY, PASYNO, and PASYKI.
...
https://knews.kathimerini.com.cy/en/news/schofield-s-scandal-spurs-strict-workplace-relationship-disclosure
ITV staff have been ordered to tell the company about personal relationships with colleagues after the Phillip Schofield scandal....
https://knews.kathimerini.com.cy/en/news/investment-funds-hit-record-high-at-€2-9-billion
Assets investment by investment funds in Cyprus rose to €2.9 billion in the second quarter of this year, reaching the highest point ever, manifesting the sector’s growing contribution to the Cypriot economy....
https://knews.kathimerini.com.cy/en/news/nicosia-s-first-autism-homes-opened-by-voice-for-autism
In a momentous occasion on October 2, 2023, the NGO Voice for Autism proudly inaugurated two groundbreaking group homes in Lakatamia, Nicosia....
https://knews.kathimerini.com.cy/en/business/cyprus-cracks-down-on-illegal-labor-as-limassol-raids-yield-arrests
In a concerted effort to combat illegal employment and unlawful residence, law enforcement authorities took action yesterday....
https://knews.kathimerini.com.cy/en/news/25-new-asylum-examiners-to-speed-processing-and-deter-migrant-arrivals
The Asylum Service of Cyprus has taken a significant step to enhance the efficiency of processing asylum applications by appointing 25 additional asylum examiners, according to Minister of Interior Constantinos Ioannou....
https://knews.kathimerini.com.cy/en/news/2024-budget-points-to-surplus-and-debt-reduction
The 2024 budget reflects the clear imprint of our policy priorities, President of the Republic Nikos Christodoulides says in a written statement, adding that the fiscal balance for 2024 is estimated to be surplus, reaching 2.2% of GDP, while the medium-term goal, by 2026, is to reduce public debt to 60%....
https://knews.kathimerini.com.cy/en/news/greek-workers-toiling-longer-earning-less
Greeks work 41 hours a week, more than any other Europeans, but are paid less. Monthly salaries do not exceed 1,038 euros on average, according to the latest figures compiled by the Single Social Security Entity (EFKA), ...
https://knews.kathimerini.com.cy/en/news/presidency-in-prolonged-crisis
The United Nations General Assembly in New York proved to be a critical test for Nikos Christodoulides during his first year in office, as well as a highly significant personal and political endeavor. On one hand, he aimed to use the platform of these meetings to communicate a positive message regarding the Cyprus problem. ...
https://knews.kathimerini.com.cy/en/news/€369-million-eib-loan-for-smart-investments
The government has secured a €369 million loan from the European Investment Bank (EIB) with favorable terms to support expenditures and investments within the framework of the "Thalia" program. ...
https://knews.kathimerini.com.cy/en/news/43-undeclared-workers-uncovered-in-hotel-raids
In July, the Ministry of Labor and Social Insurance's Inspection Service conducted targeted inspections at hotels across Cyprus, revealing 43 undeclared workers. This resulted in 20 Violation Notices and 19 Imposition of Fines, totaling €49,000....
