https://knews.kathimerini.com.cy/en/business/ey-presents-report-on-the-future-of-banking-in-cyprus
The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...
https://knews.kathimerini.com.cy/en/business/1-ayia-napa-marina-delivery-of-luxury-homes-begins-with-beach-villa-6
Ayia Napa Marina, the iconic award-winning mixed-use development, has officially begun delivery of its luxury villas, with Beach Villa 6 already handed over to its owner. ...
https://knews.kathimerini.com.cy/en/news/building-materials-at-their-highest-since-1986
The Price Index of Construction Materials for January 2023 reached 136.01 units (base year 2015=100), recording an increase of 12.25% compared to the same month of the previous year, according to data published by the Statistical Service on Friday....
https://knews.kathimerini.com.cy/en/news/lagarde-announces-a-new-interest-rate-hike-in-march
European Central Bank President Christine Lagarde reiterated in a speech to the European Parliament that the ECB intends to raise borrowing costs by half a point next month....
https://knews.kathimerini.com.cy/en/news/pwc- 5-2-billion-in-real-estate-transactions in-2022
Transaction volumes in the real estate and land development sector have surpassed those of 2019. According to the most recent PwC Cyprus publication, the total value of transactions in 2022 will reach €5.2 billion,...
https://knews.kathimerini.com.cy/en/business/companies-laying-off-employees-to-hire-new-ones-at-lower-salaries
Keri and other recruiters say that candidate offers are now much lower and look more like those from 2019 — before the pandemic kicked off the Great Resignation, before Big Tech went on a hiring spree, and before anyone had heard of "quiet quitting."...
https://knews.kathimerini.com.cy/en/business/marina-association-surprised-by-statement-on-paphos-marina
The development of Paphos Marina is moving forward, thanks to a Cabinet decision. This has been an issue for decades, and when the Deputy Minister of Tourism took office, he re-launched an effort to promote the project by preparing a feasibility study for its construction....
https://knews.kathimerini.com.cy/en/business/porsche-cyprus-30-years-of-an-iconic-journey
This year, PORSCHE CYPRUS celebrates 30 years of iconic performance on Cypriot roads. All this is thanks to the vision of Alkis Iacovides, the man who passionately loved PORSCHE and decided to introduce the favorite German car models in Cyprus three decades ago....
https://knews.kathimerini.com.cy/en/news/christodoulides-certain-he-will-be-the-next-president-of-cyprus
Presidential candidate, Nikos Christodoulides, has expressed certainty that he will be the winner of the elections, noting that he will seek to have meetings with Cyprus President, Nicos Anastasiades, and Democratic Party leader, Averof Neofytou, in view of the second round of the presidential elections that will take place on February 12....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-at-the-crossroads
South African citizens/voters had two choices in deciding their country's future in 1990. The first option was to maintain the status quo, which would have resulted in a major civil war that would have destroyed the country and resulted in many deaths....
https://knews.kathimerini.com.cy/en/business/tus-airways-will-fly-to-five-greek-destinations-this-summer
TUS Airways will launch flights to four Greek destinations this summer as part of its ongoing growth strategy....
https://knews.kathimerini.com.cy/en/business/€10-million-worth-of-grants-approved-for-women-entrepreneurs
A total of 187 applications submitted by women were approved in 2021 for the amount of 10.6 million euros, in the framework of the New Entrepreneurship Programme covering the period 2021-2027, ...
https://knews.kathimerini.com.cy/en/news/tourism-revenues-are-on-the-mend
Savvas Perdios, the deputy tourism minister, spoke with K shortly after his trip to New York and Washington, D.C., about the ministry's investment in this market and the need to gradually lay the groundwork for increased American visitor numbers in Cyprus....
https://knews.kathimerini.com.cy/en/news/eurostat-cyprus-had-the-highest-stock-of-npl-s-in-2021
In 2021, Cyprus remained the country with the highest stock of non-performing loans (assets) of the general government, at 20.2% of GDP, according to data released by Eurostat, the statistical service of the EU....
https://knews.kathimerini.com.cy/en/news/averof-neofytou-speaks-to-oriana-papantoniou-on-diaspora-news
The candidate for the Presidency of the Republic and President of DISY, Averof Neofytou, gave an interview with "SPOR FM 95.0" and the show "DIASPORA NEWS" with journalist Oriana Papantoniou at noon on Tuesday (31/01)....
https://knews.kathimerini.com.cy/en/business/alpha-bank-cyprus-ltd-mr-miltos-michaelas-as-new-ceo
The Board of Directors of Alpha Bank Cyprus Ltd, decided on the appointment of Mr. Miltos Michaelas to the position of CEO of Alpha Bank Cyprus Ltd....
https://knews.kathimerini.com.cy/en/news/cbc-household-debt-at-77-of-gdp
The household debt ratio stood at 77% of the Gross Domestic Product (GDP) at the end of September 2022, marking a slight decrease compared to the previous quarter, due to the increase in GDP, according to data published by the Central Bank of Cyprus on its website on Tuesday, in the "Quarterly Financial Accounts" edition, for the reporting quarter ending September 2022. ...
https://knews.kathimerini.com.cy/en/comment/opinion/i-don-t-want-to-live-in-half-a-country
I was born a refugee, far from my birthplace. Half Kyrenian, half Famagustan. I adored my hometown despite never having lived there... I do not want to live in half a country, so the Cyprus issue is a major factor in my decision to support Averof Neofytou. But why is this so?...
https://knews.kathimerini.com.cy/en/news/president-troodos-ski-center-can-be-a-jewel-for-cyprus
The Troodos ski center can be a jewel, an attraction and a reference point for Cyprus, President Nicos Anastasiades said on Saturday, at the center's foundation stone laying ceremony....
https://knews.kathimerini.com.cy/en/business/davos-wef-warns-catastrophic-cyber-event-coming
The 2023 World Economic Forum (WEF) in Davos, Switzerland, has filled us with lots of uplifting predictions, like how companies will soon decode our brain waves. The latest warns of a global catastrophic cyber event in the very near future....
https://knews.kathimerini.com.cy/en/news/deposits-up-by-more-than-€0-5-billion-in-december-2022
Deposits in the Cypriot banking system rose by almost €590 million in December 2022 with total deposits in end-2022 amounting to €52 billion....
https://knews.kathimerini.com.cy/en/business/no-more-fridays-4-day-work-week-on-the-rise
The results are in: It's time for your company to stop working on Fridays (or Mondays)....
https://knews.kathimerini.com.cy/en/business/royal-caribbean-opens-an-office-in-cyprus
Royal Caribbean Group, a giant in the cruise sector, has announced the opening of an office in Cyprus within the first half of 2023. ...
https://knews.kathimerini.com.cy/en/business/google-cutting-12-000-jobs
Google's parent Alphabet Inc said on Friday it is cutting about 12,000 jobs, or 6% of its workforce, as the technology sector reels from layoffs and companies stake their futures on artificial intelligence (AI)....
https://knews.kathimerini.com.cy/en/business/herodotou-calls-for-increased-vigilance-to-avert-private-debt-defaults
Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) called for the preservation of fiscal space, as the economic prospects are deteriorating due to Russia’s war in Ukraine....
https://knews.kathimerini.com.cy/en/news/china-s-population-shrinks-for-first-time-in-60-years
China's population fell last year for the first time in six decades, a historic turn that is expected to mark the start of a long period of decline in its citizen numbers with profound implications for its economy and the world....
https://knews.kathimerini.com.cy/en/business/pwc-survey-seven-out-of-ten-ceos-are-pessimistic-about-2023
According to the 26th Annual Global CEO Survey conducted by PwC between October and November 2022, nearly three-quarters (73%) of respondents expect global economic growth to slow over the next 12 months....
https://knews.kathimerini.com.cy/en/life/kiabi-pursuing-international-development-with-the-opening-of-a-second-store-in-cyprus
Present in 24 countries with a network of 538 physical stores, KIABI is challenging the fashion world’s leaders in Europe, the Middle East, Africa and South America. Engaged in an international growth dynamic, the French favourite continues to roll out its concept intended for all families as it opens its second shop in Cyprus in 2023. ...
https://knews.kathimerini.com.cy/en/business/exports-of-halloumi-at 1-34-billion-over-the-last-5-years
Halloumi exports have increased in recent years and are expected to peak in 2022. Data for the first nine months of 2022, i.e. up to September, show exports worth €227 million and an export volume of 32,000 tonnes. ...
https://knews.kathimerini.com.cy/en/business/rolls-royce-cruises-to-record-sales-thanks-to-ongoing-luxury-demand
Rolls-Royce on Monday reported record sales last year despite an average price tag of around $534,000 for its luxury cars and a drop in Chinese demand, with orders stretching into 2023....
