https://knews.kathimerini.com.cy/en/news/cyprus-exports-decline-sharply-while-imports-see-a-modest-rise
Cyprus saw its trade deficit grow in May 2024, largely due to a significant drop in exports and a slight increase in imports, according to recent data from the Cyprus Statistical Service. The trade deficit for May 2024 was €693.4 million, up from €578.2 million in May 2023....
https://knews.kathimerini.com.cy/en/business/industries-expanded-in-2022-as-cyprus-saw-more-jobs-higher-production
Cyprus saw more people employed in factories and related industries in 2022 compared to the year before, with a 3% increase in jobs. The value of goods produced also went up significantly by 21.2%....
https://knews.kathimerini.com.cy/en/news/accurate-dating-of-kyrenia-shipwreck-confirmed
Using various lines of evidence researchers have determined that the Kyrenia shipwreck had been constructed between about 345-313 BC and sank between about 286-272 BC......
https://knews.kathimerini.com.cy/en/news/green-line-trade-and-crossings-surge-irregular-migration-declines
Trade and personal crossings across the Green Line in Cyprus saw significant increases in 2023, while irregular migration dropped by more than 50%, according to the annual European Commission report on the implementation of the Green Line Regulation published Thursday....
https://knews.kathimerini.com.cy/en/news/temu-shein-ali-express-eu-cracks-down-on-chinese-imports
The European Union is taking steps to clamp down on the surge of low-quality Chinese imports flooding its markets. According to sources speaking to the Financial Times, the EU plans to impose tariffs on cheap products from platforms like Temu, Shein, and AliExpress....
https://knews.kathimerini.com.cy/en/business/jumbo-to-open-second-store-in-nicosia-this-summer
Jumbo is set to open its second store in Nicosia and sixth in Cyprus, located in the former Stephanides Group headquarters near the Mall of Cyprus and IKEA in Strovolos....
https://knews.kathimerini.com.cy/en/business/dior-bags-assembled-for-€53-sold-at-€2-600
Italian authorities have uncovered stark realities behind the glitz of fashion catwalks and luxury boutiques during recent raids on local factories and workshops involved in the production of Dior and Armani handbags....
https://knews.kathimerini.com.cy/en/comment/opinion/fidias-victory-brings-new-hope-to-cypriot-politics
In modern pedagogy, one can distinguish between a young person who reacts to various situations and suggestions of expected behaviour, and another who remains apathetic......
https://knews.kathimerini.com.cy/en/business/zero-vat-on-essential-goods-until-september-2024
Cyprus' Tax Department has announced a zero rate of Value Added Tax (VAT) on essential goods until September 30, 2024, following a decree issued by the Cabinet. This measure aims to alleviate financial burdens on consumers amid economic challenges....
https://knews.kathimerini.com.cy/en/news/ict-sector-powers-cyprus-economic-growth
Almost all of the productivity growth in Cyprus' economy over the past three years can be attributed to the Information and Communication Technology......
https://knews.kathimerini.com.cy/en/business/dsv-and-unicef-announce-partnership-to-increase-access-to-essential-supplies-for-children-worldwide
The new strategic partnership will provide rapid emergency responses while strengthening national supply chains....
https://knews.kathimerini.com.cy/en/news/transport-minister-vafeades-calls-for-fair-climate-laws-in-shipping
Transport Minister Alexis Vafeades spoke of the need to prevent the side effects of legislation to tackle climate change on the shipping sector and ports, during discussions in the Transport Council of the EU held on Tuesday in Luxembourg....
https://knews.kathimerini.com.cy/en/news/jewelry-heist-in-paphos-sparks-multiple-arrests
Police in Paphos have arrested a second individual, a 50-year-old woman, in connection with an ongoing investigation into conspiracy to commit a felony, housebreaking, and theft. This follows the arrest of a 20-year-old man, with a third suspect still at large....
https://knews.kathimerini.com.cy/en/news/will-cabinet-decide-to-extend-electricity-subsidies-to-consumers
The government is poised to discuss the renewal of the electricity subsidy measure, set to expire on June 30, at its upcoming Cabinet meeting, according to a report by Kathimerini's Hectoras Georgiou....
https://knews.kathimerini.com.cy/en/news/what-s-in-a-name-the-romantic-tale-of-rosebank-whisky
Rosebank. What a romantic name, isn’t it? To me, it conjures up images of blooming roses and tranquil riverbanks. ...
https://knews.kathimerini.com.cy/en/business/cyprus-trade-deficit-shrinks-by-€708-million
The trade deficit in Cyprus decreased by €708 million in January-April 2024 compared to the same period in 2023, driven by a significant 18.4% drop in imports, according to the Statistical Office....
https://knews.kathimerini.com.cy/en/business/work-halted-from-12pm-4pm-due-to-heatwave
The Labor Department is taking precautions to protect workers from the intense heat. Due to soaring temperatures, an official warning has been issued, advising that all heavy and moderate outdoor work be suspended on Thursday from 12:00 to 16:00 local time....
https://knews.kathimerini.com.cy/en/news/27-migrants-trapped-in-cyprus-buffer-zone-receive-aid
In a tense standoff that has drawn international attention, 27 irregular migrants find themselves in limbo within the buffer zone of Cyprus. ...
https://knews.kathimerini.com.cy/en/news/climate-crisis-a-health-emergency
On December 1, 2019, Ms. Kyriakides assumed the role of European Commissioner for Health and Food Safety....
https://knews.kathimerini.com.cy/en/news/cyprus-revs-up-its-new-car-registrations
The Cyprus Statistical Service's latest report reveals a significant surge in motor vehicle registrations, marking a 33.5% increase to 17,589 in January-April 2024, compared to 13,180 in the same period of 2023....
https://knews.kathimerini.com.cy/en/news/limassol-authorities-detain-suspect-in-€140k-cable-and-tool-theft
In a significant development, law enforcement officials have apprehended a 37-year-old individual on Sunday in connection with the brazen theft of cables and tools valued at €140,000 from a cargo container in the Limassol area....
https://knews.kathimerini.com.cy/en/news/fighting-high-interest-rates-is-europe-s-main-challenge
The European economy faces significant challenges amidst the current geopolitical crisis, which threatens its global position. ...
https://knews.kathimerini.com.cy/en/news/china-s-leader-targets-hungary-serbia-for-investments
Chinese leader Xi Jinping will spend most of his five-day tour in Europe this week in two small countries in the continent’s eastern half, a region that Beijing has used as a foothold for its expanding economic ambitions in Europe....
https://knews.kathimerini.com.cy/en/news/u-s-military-hails-cyprus-cooperation-in-gaza-aid-delivery
U.S. military personnel expressed gratitude to Cyprus for its role in facilitating the delivery of humanitarian aid to Gaza via sea. Senior defense and Biden administration officials provided details on Thursday about the construction of a temporary pier off Gaza's coast, set to be completed by early May....
https://knews.kathimerini.com.cy/en/news/cyprus-aid-corridor-not-enough-for-gaza-un-warns
The Cyprus maritime corridor provides for additionality of humanitarian aid to Gaza, but can never be a substitute for delivery by land, UN Senior Humanitarian and Reconstruction Coordinator for Gaza, Sigrid Kaag said briefing the UN Security Council on the situation in the region on Thursday....
https://knews.kathimerini.com.cy/en/news/cyprus-ends-2023-with-€918-7-million-fiscal-surplus
Cyprus's financial report card for 2023 is in, and it's showing some positive signs. According to the Statistical Service of Cyprus, the country ended the year with a fiscal surplus of €918.7 million. That's like having extra money left over after paying all the bills....
https://knews.kathimerini.com.cy/en/news/4-million-euros-to-foster-turkish-cypriot-business-integration
The European Commission, in partnership with GIZ International Services, has initiated a two-year project aimed at bolstering private sector development within the Turkish Cypriot community and enhancing Green Line trade,...
https://knews.kathimerini.com.cy/en/news/uae-pledges-$15-million-for-cyprus-gaza-maritime-aid
The United Arab Emirates announced the allocation of USD 15 million in support of the ''Amalthea Fund,'' which the Republic of Cyprus announced to support the maritime corridor initiative between Cyprus and the Gaza Strip....
https://knews.kathimerini.com.cy/en/news/venice-introduces-entry-fee-for-day-trippers
In a move aimed at tackling over-tourism, Venice, Italy, has unveiled new regulations for 2024, including restrictions on tour group sizes and the introduction of a €5 entry fee for day-trippers....
https://knews.kathimerini.com.cy/en/news/authorities-stumped-on-declared-cash
The question of the whereabouts of over 90 million euros in cash allegedly spent by travelers arriving in Cyprus through Larnaca and Paphos airports in the last 15 months remains unanswered by competent state authorities....
