https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-illusion-of-prosperity-as-unemployment-numbers-mask-realities
In its analysis, the Central Bank of Cyprus notes that in the first quarter of 2024, unemployment fell to 6%, the lowest level since 2009....
https://knews.kathimerini.com.cy/en/news/government-revenue-boosts-cyprus-surplus-to-€702-5-million
The Republic of Cyprus recorded a significant fiscal surplus of €702.5 million for the period of January to July 2024, according to preliminary General Government fiscal results, released on Friday by the Statistical Service of Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-report-€164-7-million-deposit-increase-in-july
Total deposits in Cyprus’ banks recorded a net increase of €164.7 million in July 2024, compared with a net decrease of €44.1 million in June 2024, according to figures released on Wednesday by the Central Bank of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/comment/opinion/how-are-political-changes-affecting-turkey-s-military
Given Turkey's status as a major national security threat to our country, assessing the combat readiness of the Turkish Armed Forces (TAF) is crucial....
https://knews.kathimerini.com.cy/en/business/cyprus-finalizes-2025-budget-with-focus-on-export-growth
The Council of Ministers is set to finalize discussions on the 2025 state budget by mid-September, as confirmed by Finance Minister Makis Keravnos. ...
https://knews.kathimerini.com.cy/en/comment/opinion/why-we-failed-as-a-country
In July, the resilience of Cypriot society was tested once again as it faced yet another challenge, underscoring its entrapment in heavy fuel oil. This entrapment translates into an annual fine of €200 million due to emissions. ...
https://knews.kathimerini.com.cy/en/news/government-confident-in-surpassing-4-growth-in-2024-says-letymbiotis
The government now aims for the 2024 growth rate to exceed 4%, Government Spokesperson Konstantinos Letymbiotis said, following a flash estimate by the Statistical Service for a growth rate of 3.6% (3.7% when adjusted seasonally and based on working days)....
https://knews.kathimerini.com.cy/en/life/tablet-use-linked-to-anger-issues-in-young-kids-study-finds
A new study suggests that giving toddlers a tablet might lead to anger issues as they grow up. Researchers followed a group of preschoolers in Nova Scotia, Canada, and found that kids who used tablets at around 3.5 years old were more likely to have angry outbursts by the time they were 4.5. ...
https://knews.kathimerini.com.cy/en/news/rose-wine-trend-hits-cyprus-local-demand-and-imports-soar
Light and delicate, with aromas of flowers and fruits, these are just a few ways to describe Rosé Provence wines, which have recently become a global trend....
https://knews.kathimerini.com.cy/en/news/uk-unemployment-falls-to-4-2
Britain’s unemployment rate fell to 4.2% in the second quarter, down from 4.4% in the previous quarter, according to data released Tuesday by the Office for National Statistics (ONS)....
https://knews.kathimerini.com.cy/en/news/cyprus-is-growing-older-and-smarter
Cyprus' population is aging and becoming more educated, according to final results from the 2021 Census of Population and Housing released on Friday by the Statistical Service. Conducted in government-controlled areas, the census recorded a population of 923,381 as of October 1, 2021, reflecting a 9.9% increase from the 2011 census....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-sees-23-profit-growth-raises-financial-targets
The Bank of Cyprus has announced a 23% increase in its profit after tax for the first half of 2024, reaching €270 million, compared to the same period in 2023. ...
https://knews.kathimerini.com.cy/en/news/dubai-airport-breaks-record-with-44-9m-passengers-in-2024
Dubai International Airport has broken a passenger record for the first half of the year, handling 44.9 million travelers from January to June, an 8% increase from the 41.6 million recorded during the same period in 2023....
https://knews.kathimerini.com.cy/en/news/epic-double-ookla-and-umlaut-rank-epic-once-again-at-the-top-of-telecommunications-in-cyprus-for-its-fixed-internet-and-mobile-networks-respectively
Epic continues to stand at the top of telecommunications in Cyprus, with two new international awards that are the culmination of its continuous investments in the development of a state-of-the-art, ultra-fast and reliable mobile and fixed internet network, offering an epic communication experience with innovative solutions, continuous evolution, and dedication to excellence....
https://knews.kathimerini.com.cy/en/news/cyprus-boosts-r-d-funding-by-nearly-20-spending-€138m-in-2023
Cyprus significantly boosted its investment in research and development (R&D) in 2023, with government budget allocations rising by 19.8% compared to the previous year, according to new data from Eurostat. This increase is notably higher than the average 5.3% rise observed across the European Union during the same period....
https://knews.kathimerini.com.cy/en/business/joint-sea-venture-for-cleaner-seas-by-the-bank-of-cyprus
Initial assessments showed no observable impact on the biodiversity of the Blue Lagoon area of the Akamas Peninsulaby tourism activities....
https://knews.kathimerini.com.cy/en/news/rif-launches-€6m-fund-to-foster-innovation-and-economic-growth
The Research and Innovation Foundation (RIF) announced on Tuesday a new call for the "Co-Develop" funding programme, with a total budget of €6 million, aimed at better leveraging resources and apply innovative solutions to real problems....
https://knews.kathimerini.com.cy/en/news/central-bank-revises-gdp-growth-to-3
The Central Bank of Cyprus (CBC) made a conservative upward revision to the GDP growth rate for 2024, by 0.2 percentage points, to 3%......
https://knews.kathimerini.com.cy/en/business/august-newsletter-of-k-treppides-co-ltd-european-securities-and-markets-authority
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/business/bank-of-england-cuts-interest-rates-after-nearly-a-year-of-stability
The Bank of England (BoE) has cut interest rates for the first time since the start of the COVID-19 pandemic, dropping them from a 16-year high. This decision, made by a narrow 5-4 vote, reflects a split among policymakers about whether inflation is under control....
https://knews.kathimerini.com.cy/en/news/cyprus-sees-significant-uptick-in-new-loans
In June 2024, new loans in Cyprus substantially increased, reaching €330.6 million, up from €234.9 million in May. Data from the Central Bank of Cyprus (CBC) show that total new loans, which include both new and renegotiated contracts, climbed to €514.9 million from €391.6 million the previous month....
https://knews.kathimerini.com.cy/en/news/mcdonald-s-becomes-unaffordable-for-many
McDonald's, once synonymous with affordable fast food, has seen its sales decline as many former customers find its offerings increasingly expensive....
https://knews.kathimerini.com.cy/en/news/cypriot-and-swiss-officials-discuss-migration-cooperation
Cypriot Deputy Minister of Migration and International Protection Nicholas Ioannides thanked his Swiss counterpart, Christine Schraner Burgener, over her country’s financing of infrastructure of the Cypriot Asylum Service.
...
https://knews.kathimerini.com.cy/en/business/cyprus-ranks-second-in-eu-for-workers-unable-to-afford-vacations
Cyprus recorded the second-largest share of workers unable to afford vacations in 2022 among EU member states, with 25% of its workforce affected, according to an analysis of Eurostat data by the European Trade Union Confederation (ETUC)....
https://knews.kathimerini.com.cy/en/news/greek-firms-fuel-business-expansion-across-cyprus
The investment climate in Cyprus has significantly improved since the crisis era of 2013, attracting substantial interest from Greek companies....
https://knews.kathimerini.com.cy/en/news/kyriacos-kokkinos-appointed-to-european-institute-of-innovation-technology-board
Kyriacos Kokkinos, Former Deputy Minister for Research, Innovation and Technology has been appointed by the European Commissioner for Innovation......
https://knews.kathimerini.com.cy/en/business/1-july-newsletter-of-k-treppides-co-ltd-cyprus-securities-and-exchange-commission
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/business/cyprus-economy-soars-as-tech-takes-the-lead-while-real-estate-trails
Cyprus' economy is showing impressive growth at the start of 2024, with the biggest gains coming from the tech and services sectors, Kathimerini's Anna Polyviou reports....
https://knews.kathimerini.com.cy/en/business/welcoming-the-new-department-of-psychology-at-university-of-limassol
University of Limassol is delighted to announce the establishment of its new Department of Psychology under the Social Sciences and Humanities School....
https://knews.kathimerini.com.cy/en/news/apartment-prices-up-13-9-yearly-house-price-growth-slows
In the first quarter of 2024, house price growth showed a slight slowdown, while apartment prices continued to rise....
