https://knews.kathimerini.com.cy/en/news/cyprus-and-uae-to-sign-mous-on-maritime-transport-cyber-security-and-diplomatic-training
Cyprus and the United Arab Emirates (UAE) will sign MoUs on maritime transport, cyber security and diplomatic training on the occasion of the visit of Cyprus President, Nicos Anastasiades, to Dubai for the EXPO 2020....
https://knews.kathimerini.com.cy/en/news/global-markets-tumble-after-putin-orders-invasion
The FTSE 100 index fell by more than 1.5 percent today and European shares hit a seven-month low with a long-feared Russian invasion of Ukraine now appearing to be underway....
https://knews.kathimerini.com.cy/en/news/anastasiades-travels-to-dubai-to-attend-expo-2020
Cyprus President, Nicos Anastasiades, travels to Dubai today accompanied by a large delegation for meetings and consultations aiming to strengthen bilateral cooperation between Cyprus and the United Arab Emirates (UAE). He will also visit Cyprus` kiosk at EXPO 2020, one of the biggest world exhibitions....
https://knews.kathimerini.com.cy/en/business/cyprus-reaches-new-record-in-number-of-investment-funds-€8-74-billion-in-total-assets
The number of Investment Funds in Cyprus recorded a new high in December 2021, reaching 257, with their total assets reaching €8,740.4 million, achieving a 2.4% increase, in comparison to September 2021, according to data published by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/news/subsidies-worth-€158-million-for-households-and-businesses-to-be-doled-out-in-2022
Grant schemes, worth €158 million, will be made available in 2022, Minister of Energy, Trade and Industry Natasa Pilides announced during an online workshop, on Wednesday, 16 February....
https://knews.kathimerini.com.cy/en/business/jp-morgan-is-first-bank-to-enter-the-metaverse-with-a-virtual-onyx-lounge
J.P. Morgan opened up an "Onyx lounge" in the metaverse on Tuesday, a virtual lounge in the blockchain-based world of Decentraland....
https://knews.kathimerini.com.cy/en/business/digital-ruble-trial-goes-live-as-bank-of-russia-insists-on-bitcoin-ban
Amid more reports on the Bank of Russia rejecting the Finance Ministry’s proposal of cryptocurrency regulation, the central bank has kicked off trials of its own digital currency....
https://knews.kathimerini.com.cy/en/news/hoyle-highlights-strong-cyprus-uk-friendship-while-mp-s-call-for-support-on-various-issues
The United Kingdom fully supports Cyprus, the Speaker of the House of Commons Sir Lindsay Hoyle told the Foreign and European Affairs Committee of the House of Representatives on Tuesday....
https://knews.kathimerini.com.cy/en/news/gesy-€1-21-billion-in-expenses-from-920-000-beneficiaries-in-2021
Total expenses for services from the General Healthcare System (GHS) in Cyprus came to €1.21 billion in 2021, from approximately 920,000 beneficiaries, Senior Officer of the Health Insurance Organisation (HIO) Angelos Tropis told CNA, adding that based on the preliminary results, the 2021 expenses will approximately be equal to total revenue.
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https://knews.kathimerini.com.cy/en/news/housing-projects-to-be-funded-from-casino-revenue
CLDC plans to build more than 800 housing units in the coming years, which will be allocated either through the affordable housing plan or through the new affordable rent plan for economically vulnerable households....
https://knews.kathimerini.com.cy/en/business/npls-in-cyprus-banks-down-by-€32-million-at-the-end-of-october
Total non-performing loans (NPLs) in the Cyprus banking sector decreased by €32 million at the end of October 2021, compared to the previous month, when total loans increased by €14 million to € 27.91 billion....
https://knews.kathimerini.com.cy/en/news/cypriot-exports-to-the-uk-were-not-affected-despite-brexit
Despite the significant decrease in imports from the United Kingdom as a result of Brexit, Cypriot exports, mainly of dairy products, have remained at the same levels,...
https://knews.kathimerini.com.cy/en/news/op-ed-the-eastmed-project-and-dilemmas-over-energy-strategy
The unprecedented energy crisis unfolding in Europe is a result of the European Union’s stubborn and one-sided preoccupation with the Green Deal (which is important in its own right). ...
https://knews.kathimerini.com.cy/en/news/cyprus-scores-low-on-public-sector-corruption
The Republic of Cyprus was at a historic low in terms of perceived levels of corruption in the public sector, according to figures released this week by Transparency International...
https://knews.kathimerini.com.cy/en/news/cyprus-president-nixes-luxury-car-use-for-top-civil-servants
Cyprus’ president has scrapped plans to grant free-of-charge, around-the-clock use of state-financed luxury vehicles to top civil servants amid a public outcry over a perceived waste of taxpayers’ money, a government spokesman said Monday....
https://knews.kathimerini.com.cy/en/business/income-tax-revenue-up-by-€25-6-million-in-2020-compared-to-2019
Cyprus income tax revenue for the tax year 2020 increased by €25,6 million euros, compared to 2019, with the total amount exceeding €642 million.
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https://knews.kathimerini.com.cy/en/news/modernization-of-eac-and-an-increase-of-independent-energy-providers-says-president-anastasiades
Cyprus President Nicos Anastasiades said on Thursday that the government will provide all necessary tools to allow the Electricity Authority of Cyprus (EAC) to modernize its operation, as well as to encourage even more independent energy providers to operate in the Cypriot market....
https://knews.kathimerini.com.cy/en/business/redevelopment-of-larnaca-port-and-marina-on-track-for-implementation-minister-says
The €1.2-billion project for the joint redevelopment of the Larnaca port and the Marina area is on track for implementation, Minister of Transport, Communications and Works, Yiannis Karousos, said on Wednesday....
https://knews.kathimerini.com.cy/en/business/greece-tax-payment-via-foreign-cards-with-or-without-physical-presence
Greeks and foreigners will finally get the chance to pay their taxes, duties and levies in Greece using cards issued abroad....
https://knews.kathimerini.com.cy/en/business/price-index-of-construction-materials-increases-by-17-1-in-december-2021
The Price Index of Construction Materials had a 17.1% increase in December 2021, compared to December 2020, reaching 119.66 units (base year 2015=100), according to data by the Statistical Service of Cyprus....
https://knews.kathimerini.com.cy/en/news/financial-feasibility-study-will-show-whether-the-eastmed-gas-pipeline-is-attainable
Cyprus Foreign Minister, Ioannis Kasoulides, has said that a financial feasibility study will show whether the EastMed gas pipeline is attainable....
https://knews.kathimerini.com.cy/en/news/op-ed-beyond-the-eastmed-pipeline
The US decision to shift its focus from the EastMed gas pipeline to regional electricity interconnectors is an opportunity for Greece. The pipeline has always been a long shot, and the case for pursuing it may have run its course. Greece now has a chance to reframe the dialogue around energy and climate change in the region, and it should seize it....
https://knews.kathimerini.com.cy/en/business/building-permits-up-17-3-in-the-first-ten-months-of-2021
Building permits issued in the first ten months of 2021 increased 17.3%, in relation to the same period of 2020, according to data released Thursday by the Statistical Service of Cyprus. The total area increased by 3.1% but the total value dropped by 8.2%....
https://knews.kathimerini.com.cy/en/business/moneyval-cyprus-makes-some-progress-in-the-fight-against-money-laundering
Cyprus has made some progress in the fight against money laundering and terrorist financing by partially complying with recommendations set out by the Financial Action Task Force (FATF), according to a report by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism - MONEYVAL....
https://knews.kathimerini.com.cy/en/business/slight-increase-in-the-value-of-unsecured-checks-issued-in-2021
The total amount of unsecured cheques issued in 2021 rose to €0.93 million compared with €0.74 in 2020. However, the total number of unsecured cheques dropped to 363 compared with 454 the year before....
https://knews.kathimerini.com.cy/en/business/cyprus-expected-to-introduce-a-national-minimum-wage-by-the-end-of-january-2022
Cyprus is expected to introduce a national minimum wage by the end of January 2022. According to information, the national minimum wage will be set at 45% - 60% of the national median salary in Cyprus which is 1,573 euros....
https://knews.kathimerini.com.cy/en/business/npls-in-cyprus-decrease-€722-million-at-the-end-of-september
Α decrease of €722 million or 14.4% was recorded at the end of September 2021 in aggregate Non-Performing Loans (NPLs) compared with the end of June 2021, according to data released Friday by the Central Banks of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/business/cyprus-economy-grew-by-5-7-in-2021-according-to-eurostat
The continued high rate of growth in the fourth quarter of 2021 confirms the resilience and dynamism showed by the Cypriot economy and the soundness of our policies, boosting expectations for further growth in 2022, Finance Minister Constantinos Petrides said on Tuesday....
https://knews.kathimerini.com.cy/en/business/cypriot-economy-will-continue-to-recover-output-lost-during-2020
The Cypriot economy in 2021 recovered the output lost during the 2020 COVID crisis and will continue to grow with an average 3.7% in the years 2022 – 2024, the Central Bank of Cyprus expects, according to its economic bulletin, stressing that risks to the baseline scenario are balanced albeit slightly upside concerning inflation....
https://knews.kathimerini.com.cy/en/business/a-record-4-5-million-americans-quit-their-jobs-in-november
A record 4.5 million Americans voluntarily left their jobs in November, according to the Bureau of Labor Statistics. This pushed the quits rate to 3%, matching the high from September....
