https://knews.kathimerini.com.cy/en/news/state-employees-brace-for-25-30m-euro-salary-squeeze
The agreement signed with unions PASYDYS and SEK is set to bring an annual cost of 25-30 million euros, impacting state employees and those in the wider public sector....
https://knews.kathimerini.com.cy/en/business/makarios-avenue-struggles-to-fulfill-commercial-expectations
Two years after the official opening of Makarios Avenue (8 December 2021), the commercial success of the street has fallen short of expectations,...
https://knews.kathimerini.com.cy/en/business/occupied-territories-witness-a-33-surge-in-visitors
In the first 10 months of this year, the influx of visitors to the occupied territories through land entry points and ports saw a remarkable increase of 33% compared to the corresponding period last year, totaling 1,520,604 individuals....
https://knews.kathimerini.com.cy/en/business/cyprus-economy-receives-positive-rating-boost
Fitch, the International Rating Agency, upgraded Cyprus' long-term rating to positive, citing economic resilience and fiscal strength. The agency affirmed the 'BBB' rating, previously upgraded in March 2023. ...
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/news/employers-positive-on-minimum-wage-adjustment
Employers express positivity towards a potential partial adjustment of the minimum wage in discussions led by OEB's General Director, Michalis Antoniou....
https://knews.kathimerini.com.cy/en/business/december-newsletter-of-k-treppides-co-ltd-cysec
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....
https://knews.kathimerini.com.cy/en/news/how-locals-can-mitigate-the-risks-of-cyprus-new-citizenship-rules-to-attract-tech-talent
Cyprus's recent initiative to boost its technology sector by offering tax breaks and fast-track naturalization to third-party nationals is a strategic move that could significantly reshape its economy and society....
https://knews.kathimerini.com.cy/en/business/cyprus-expects-over-300-000-polish-tourists-in-2024
Deputy Minister of Tourism, Kostas Koumis, announced on Thursday that tourist arrivals from Poland are expected to exceed 300,000 in 2024....
https://knews.kathimerini.com.cy/en/business/the-path-to-fighting-inflation-is-difficult
In an insightful dialogue about the economic landscape, Joachim Nagel, a prominent figure in the financial realm and a member of the ECB Governing Council, shares his perspectives on inflation, interest rates, and the challenges facing the European economy....
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/cyprus-u-s-relations-soar-to-historic-highs-as-president-pledges-economic-cooperation
President Nikos Christodoulides emphasized the government's commitment to strengthening economic ties, trade, and investment with the United States during the AmCHAM Cyprus Thanksgiving Gala Dinner in Nicosia. ...
https://knews.kathimerini.com.cy/en/news/tatar-s-adviser-clarifies-camera-placement-for-security-in-agios-dometios
In a recent TV broadcast on 'Bayrak,' academic Hossein Ishiksal, special adviser to the Turkish Cypriot leader for international relations and diplomacy, announced significant measures for border security and addressed the issue of the buffer zone in the Agios Dometios area....
https://knews.kathimerini.com.cy/en/business/how-artificial-intelligence-is-changing-cyprus
The 8th Innovation and Entrepreneurship Forum, focusing on ''AI & Business: creating value, minimizing risks,'' held at the University of Cyprus on Tuesday (28/11), delved into the impact of artificial intelligence (AI) on business. ...
https://knews.kathimerini.com.cy/en/news/cyprus-allocates-65m-euros-for-diverse-tourism-initiatives-in-2024
The National Tourism Strategy's update has recently concluded, announced by Deputy Minister Kostas Koumis, known as "K." This undertaking commenced shortly after his assumption of office in March 2023, with an initial target to finalize it by the year's end.
...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-returns-to-london-for-investment-talks
Just two months after its last visit to the heart of investment interest, the Bank of Cyprus is making waves again in London....
https://knews.kathimerini.com.cy/en/news/no-plans-to-cut-interest-rates-amid-inflation-worries
The perspective advocated by many young individuals, endorsing a declaration of victory over inflation, is articulated by Dr. Jensen, the president of the German Bundesbank....
https://knews.kathimerini.com.cy/en/news/education-minister-pushing-for-all-day-schools
The Ministry of Education in Cyprus, led by Minister Athena Michaelidou, is on a mission to supercharge the all-day school scene. The goal? Give kids more time to learn and develop skills in a school setting....
https://knews.kathimerini.com.cy/en/news/snow-white-kitten-rescued-from-garbage-and-finds-home-for-christmas
In a heartwarming holiday rescue, a vigilant garbageman saved a two-day-old snow-white kitten, aptly named Tiny Tim, just moments before being crushed in a garbage truck....
https://knews.kathimerini.com.cy/en/news/msc-cruises-expands-ocean-cay-experience-in-the-bahamas
MSC Cruises is set to elevate the offerings at Ocean Cay MSC Marine Reserve, its exclusive Bahamian destination. New facilities include watersport-friendly excursion centers, a state-of-the-art dive and snorkel center, and additional dining options....
https://knews.kathimerini.com.cy/en/news/cyprus-robust-11-8-surge-in-household-spending-defies-eu-norms
In 2022, Cyprus experienced a notable 11.8% increase in household final consumption expenditure compared to the previous year, surpassing the EU's overall growth of 4.7%, as reported by Eurostat. ...
https://knews.kathimerini.com.cy/en/business/ai-sam-altman
Upon his return to OpenAI following a five-day exile, the controversy surrounding Sam Altman's removal appeared to stem from concerns related to a potential breakthrough in OpenAI's pursuit of artificial general intelligence....
https://knews.kathimerini.com.cy/en/news/cyprus-sees-drop-in-savings-to-6-5-eurostat-highlights
Saving rates were significantly lower than in 2021 (13.47 in Cyprus, 16.4% in the EU), and closer to the values before COVID-19 pandemic (5.8% in Cyprus and 12.3% in the EU in 2019)....
https://knews.kathimerini.com.cy/en/comment/opinion/how-geert-wilders-is-redefining-dutch-politics
Geert Wilders' far-right triumph in Dutch elections reverberates across Europe, marking a trend of growing electoral success. The Party for Freedom (PVV) gains prominence, aligning with European far-right leaders like Orban, Meloni, and Le Pen....
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/banks-eye-over-1-billion-euro-profits-in-2023
Cypriot banks, including the Greek bank, are poised to rake in substantial profits for 2023, benefitting from the European Central Bank's interest rate hikes....
https://knews.kathimerini.com.cy/en/news/a-tree-mendous-extravaganza-as-fresh-christmas-trees-now-up-for-grabs
The Forestry Department, under the Ministry of Agriculture, Rural Development, and the Environment, joyfully announces the availability of Christmas trees for sale to the public! Starting from Monday, November 27, until Friday, December 17, you can bring the holiday spirit home by purchasing your Christmas tree at various enchanting sales centers across Cyprus....
https://knews.kathimerini.com.cy/en/business/ft-tech-giants-clash-with-eu-over-internet-control
A Financial Times article has reported that major players like TikTok and Meta, the parent company of Facebook, are pushing back against the European Union's (EU) recent internet regulations aimed at fostering greater openness and competition in online markets....
https://knews.kathimerini.com.cy/en/business/cyprus-economy-grows-strong-at-2-5-in-q3-2023
Good news for Cyprus! The country's economy had a solid growth spurt, reaching 2.5% in the third quarter of 2023. That's better than the same time last year. ...
https://knews.kathimerini.com.cy/en/comment/opinion/traffic-woes-make-nicosia-s-core-the-key-to-urban-transformation
Traffic is one of the most pressing issues that need resolution. While all cities face similar problems, Nicosia leads the pack. Focusing on Nicosia, the state's main effort is concentrated on developing the regional road network—an effort I not only agree with but advocate for intensifying. ...
