https://knews.kathimerini.com.cy/en/news/container-ship-crash-in-baltimore-raises-global-supply-chain-concerns
Fears of potential disruptions to global supply chains have surged following a catastrophic incident in the bustling port city of Baltimore. ...
https://knews.kathimerini.com.cy/en/news/halloumi-and-pharma-propel-exports-to-€2-35-billion
Cyprus' main exports for 2023 included mineral fuels and oil, halloumi and pharmaceutical products, according to the Cyprus Statistical Service (CyStat).
...
https://knews.kathimerini.com.cy/en/business/us-sanctions-cyprus-based-entity-for-russian-sanctions-evasion
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on Monday against thirteen entities and two individuals, including one based in Cyprus, ...
https://knews.kathimerini.com.cy/en/news/european-commission-flags-trade-risks-for-cyprus-economy
The Cypriot economy is on a sound footing due to solid economic growth and declining inflation, but its high integration with EU and non-EU economies make geopolitical and trade tensions......
https://knews.kathimerini.com.cy/en/news/vasilikos-fragile-peace-amidst-delays-and-disputes
According to a report by Kathimerini's Apostolos Tomaras, Energy Minister George Papanastasiou's recent meeting with a top executive of China Petroleum Pipeline Engineering Co. Ltd., the parent company overseeing the Vasilikos energy projects,...
https://knews.kathimerini.com.cy/en/news/chinese-ambassador-stresses-cooperation-for-vasiliko-lng-success
The main body of the Vassiliko LNG project could be completed at the end of 2024 or early in 2025, as long as various parties can truly work together with......
https://knews.kathimerini.com.cy/en/news/winter-2024-brings-17-boost-in-energy-production
Energean recorded new production growth in the first two months of 2024. Specifically, the company said in a statement that from 123 thousand......
https://knews.kathimerini.com.cy/en/business/cyprus-defense-industry-poised-for-growth
In an interview conducted by Kathimerini reporter Andreas Karamitas, Dr. Tasos Kounoudis, President of the Cyprus Association of Research and Innovation Enterprises (CRAI), provided significant insights into the European Union's investment in the defense industry and its implications for Cyprus....
https://knews.kathimerini.com.cy/en/news/central-bank-predicts-2-2-gdp-growth-in-2023
The Central Bank of Cyprus (CBC) expects GDP growth of 2.2% in 2023, compared to significant growth of 5.1% in 2022, while for the years 2024-26 it expects GDP growth of 2.6%, 3.1% and 3.2%, respectively....
https://knews.kathimerini.com.cy/en/news/mps-from-12-countries-halt-arms-to-israel-over-gaza-assault
More than 200 Members of Parliament (MPs) from a dozen countries are urging their governments to halt arms sales to Israel....
https://knews.kathimerini.com.cy/en/news/u-s-unleashes-over-500-new-sanctions-on-russia
In a bid to escalate pressure on Moscow on the second anniversary of its war in Ukraine, U.S. President Joe Biden unveiled a series of measures, including more than 500 new sanctions targeting Russia....
https://knews.kathimerini.com.cy/en/news/cyprus-trade-deficit-soars-to-€8-57-billion-in-2023
Cyprus' trade deficit for 2023 reached €8.57 billion, marking an 18% increase from the previous year's €7.26 billion, according to provisional data released by the Statistical Service of Cyprus (CyStat)....
https://knews.kathimerini.com.cy/en/news/lagarde-warns-of-potential-economic-threats-to-europe-under-possible-trump-return
In a recent exclusive interview with CNN's Richard Quest, European Central Bank President Christine Lagarde cautioned Europe to brace itself for potential economic challenges......
https://knews.kathimerini.com.cy/en/news/hungary-s-economy-targeted-in-eu-retaliation-plan
In a tense diplomatic standoff, officials in Brussels have allegedly devised a clandestine strategy aimed at Hungary's economy should Prime Minister Viktor Orbán persist in blocking a €50 billion support package for Ukraine....
https://knews.kathimerini.com.cy/en/news/china-threatens-to-sever-business-ties-with-iran-over-ship-attacks
Recent diplomatic talks between Chinese and Iranian officials have brought to light China's pressing concern over Houthi attacks on ships in the Red Sea, allegedly backed by Iran....
https://knews.kathimerini.com.cy/en/business/japanese-shipping-giants-halt-red-sea-routes-amid-rising-security-concerns
In a significant development, Japan's three major shipping companies, Nippon Yusen, Kawasaki Kisen Kaisha, and Mitsui O.S.K Lines, have suspended navigation through the Red Sea due to ongoing Houthi rebel attacks on vessels....
https://knews.kathimerini.com.cy/en/news/makis-keravnos-voices-concerns-over-geopolitical-developments
The global supply chain disruption and its economic impact on Europe and the world have raised concerns among Europeans....
https://knews.kathimerini.com.cy/en/news/how-the-consumer-pocket-faces-a-perfect-economic-storm
The uncertainty and the intense upheavals in the global supply chain continue....
https://knews.kathimerini.com.cy/en/news/1-cyprus-dominates-eu-exports-in-november
Cyprus recorded the highest annual increase in exports among the member states of the EU in November 2023 compared to November 2022......
https://knews.kathimerini.com.cy/en/business/cyprus-cheers-as-beer-sales-bubble-up-in-2023
In a frothy turn of events, Cyprus witnessed a 1.5% surge in total beer sales last year, with a notable 9% boost in exports....
https://knews.kathimerini.com.cy/en/news/dr-anastasatos-forecasts-bright-future-for-cyprus-economy-in-candid-interview
Eurobank group's chief economist, Dr Tasos Anastasatos, expresses optimism about the Cyprus economy, emphasizing that the decision to expand the group's banking presence in Cyprus is linked to these positive economic prospects....
https://knews.kathimerini.com.cy/en/news/houthi-strikes-send-prices-soaring-in-global-trade
In recent weeks, the developments in the Red Sea, with the Houthi attacks on commercial ships and their impact on global trade, have dominated the discussions of suppliers with their partners....
https://knews.kathimerini.com.cy/en/news/cyprus-faces-widening-trade-gap-as-imports-surge-in-2023
Cyprus bought more goods from other countries than it sold to them by nearly €8 billion from January to November 2023. That's up by about €962 million compared to the same time frame in 2022, according to new data from Cyprus' statistics office....
https://knews.kathimerini.com.cy/en/news/halloumi-exports-drop-by-10-amid-ongoing-dairy-industry-crisis
With a request to lift the decree 332/2023 of October 20th, for an increase in the percentage of goat-sheep milk to 19%, the cheesemakers are going to the Presidential Palace......
https://knews.kathimerini.com.cy/en/news/romania-and-bulgaria-to-be-part-of-the-eu-schengen-area-in-2024
According to a report in the Financial Times, Romania and Bulgaria are set to join the EU's Schengen area in March, signaling the conclusion of talks with Austria....
https://knews.kathimerini.com.cy/en/news/cyprus-cheese-industry-shuts-down-amid-regulatory-dispute
The Cyprus Cheesemakers Association has made a unanimous decision to shutter all cheese dairies starting January 10, 2024, following a protracted disagreement with government authorities over regulatory changes....
https://knews.kathimerini.com.cy/en/business/cyprus-and-china-strengthen-ties-with-new-export-agreements
In a recent meeting between Cyprus's Minister of Agriculture, Rural Development, and Environment, Petros Xenophontos, and China's Ambassador to Cyprus, Liu Yantao, the two nations solidified plans to sign two new Cooperation Protocols....
https://knews.kathimerini.com.cy/en/news/chinese-elite-move-billions-abroad-in-economic-shift
In a remarkable shift this year, affluent Chinese have moved hundreds of billions of dollars out of the country, capitalizing on the end of COVID precautions that had tightly sealed China's borders for nearly three years....
https://knews.kathimerini.com.cy/en/news/german-ambassador-highlights-cyprus-vital-role-in-israeli-palestinian-conflict
In a recent interview with the Cyprus News Agency, German Ambassador to Cyprus Anke Schlimm emphasized the urgent need to avert a humanitarian catastrophe in Gaza....
https://knews.kathimerini.com.cy/en/news/uk-s-royal-navy-boosts-ukraine-s-maritime-strength
The Royal Navy is set to transfer two minehunter ships to Ukraine, a move aimed at enhancing the country's maritime capabilities in the wake of Russia's invasion....
