https://knews.kathimerini.com.cy/en/news/relief-for-vulnerable-households-with-non-performing-loans
The ''Rent vs Instalment Scheme'' was approved by the Council of Ministers today, as announced by Government Spokesperson Konstantinos Letymbiotis following the conclusion of the Council. The European Commission's Directorate General for Competition also granted approval on July 6....
https://knews.kathimerini.com.cy/en/news/loan-demand-in-cyprus-falls-interest-rates-rise
The Cypriot banking institutions are holding a small basket for demand in new loans....
https://knews.kathimerini.com.cy/en/news/million-dollar-homes-in-california-destroyed
Residents of a gated community in Southern California were forced to leave their million-dollar homes over the weekend due to what authorities described as a "sliding hillside," with some of the homes visibly collapsing by Monday morning.
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https://knews.kathimerini.com.cy/en/news/cyprus-among-countries-with-lowest-food-deprivation-rates
Out of people that were at risk of poverty in Cyprus in 2022, 5.6% were unable to afford a meal containing meat, fish, or a vegetarian equivalent every second day (19.7% in the EU), which was an increase compared to the last year, according to data released by Eurostat, the statistical service of the EU....
https://knews.kathimerini.com.cy/en/news/cabinet-pulls-plug-on-fuel-subsidies
Temporary fuel state subsidies are set to expire before the weekend in the Republic of Cyprus, after the finance minister announced an extension could not be justified...
https://knews.kathimerini.com.cy/en/news/cyprus-struggles-to-reduce-landfill-waste-falling-behind-targets
Cyprus is facing significant challenges in meeting its municipal waste management and recycling targets, prompting concerns from the European Commission, according to a report on Philenews....
https://knews.kathimerini.com.cy/en/news/bank-of-england-raises-interest-rates-to-5
The Bank of England has raised interest rates by a half point to 5% as part of its efforts to combat high inflation and rising mortgage costs. ...
https://knews.kathimerini.com.cy/en/news/total-loans-increase-by-€71-million-reaching-€24-4-billion
Non-performing loans decreased by €105 million end of March 2023, compared to the end of December 2022, reaching €2.2 billion, according to data published by the Central Bank of Cyprus on Tuesday. ...
https://knews.kathimerini.com.cy/en/news/understanding-price-levels-in-cyprus-and-how-they-compare-to-the-eu-average
According to the latest data from Eurostat, the statistical service of the European Union, the price levels for household expenses in Cyprus were 91% of the EU average in 2022....
https://knews.kathimerini.com.cy/en/news/cyprus-economy-thrives-finmin-foresees-robust-growth-and-fiscal-stability
During the 2023 Annual General Meeting of the Cyprus Bankers Association, the Minister of Finance, Mr. Makis Keravnos, discussed the current state and future prospects of the Cyprus economy, particularly focusing on the banking sector. ...
https://knews.kathimerini.com.cy/en/news/cyprus-appoints-new-ambassador-to-denmark
On June 9, 2023, a significant event took place as Mr. James Kirakosian, the Ambassador of the Republic of Cyprus to Denmark, officially presented his credentials to Her Majesty Queen Margrethe II of Denmark....
https://knews.kathimerini.com.cy/en/news/temporary-vat-reduction-on-essentials-estimated-at-€14-5-million
In the upcoming days, most likely early next week, a clearer picture is expected to emerge regarding the government's course of action on the reduced Value Added Tax (VAT) rate for fuel and electricity....
https://knews.kathimerini.com.cy/en/news/cyprus-struggles-with-renewable-energy-and-storage-gap
Only 15% of Cyprus' total energy production comes from Renewable Energy Sources (RES), highlighting the country's significant lag in this sector....
https://knews.kathimerini.com.cy/en/news/cablenet-and-plume-expand-partnership-in-intelligent-connectivity-for-cyprus-homes
Cablenet and Plume joined forces once again in Nicosia to celebrate their successful collaboration and discuss plans for future expansion. The two partners in intelligent connectivity convened to review their market achievements and explore opportunities for growth....
https://knews.kathimerini.com.cy/en/news/tesla-s-optimus-robot-a-step-towards-a-sci-fi-future
Have you ever imagined what it would be like if a robot could run your errands, do your chores and maybe even become an extension of you? Well, don't put away your popcorn just yet, because Tesla's new Optimus robot could bring us one step closer to this sci-fi fantasy....
https://knews.kathimerini.com.cy/en/news/finmin-underlines-the-importance-of-disciplined-policy
The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....
https://knews.kathimerini.com.cy/en/news/april-records-a-decrease-in-loan-volumes
The Central Bank of Cyprus announced in a press release on Tuesday that total new loans decreased to €473.9 million in April 2023, compared to €922.5 million in the previous month....
https://knews.kathimerini.com.cy/en/news/imf-says-cyprus-untouched-by-war-fallout
The economy of Cyprus is expected to slow to around 2.5% in 2023, reflecting an erosion in household incomes, tighter financial conditions, and delayed impacts from sanctions against Russia, International Monetary Fund forecasts, after the conclusion of the Article IV consultation with Cyprus...
https://knews.kathimerini.com.cy/en/news/new-plan-to-safeguard-vulnerable-groups-homes-nears-approval
The Director of the Press Office of the President of the Republic, Victor Papadopoulos, announced that a new plan to safeguard the first homes of vulnerable groups in Cyprus is on the horizon. ...
https://knews.kathimerini.com.cy/en/news/california-electricity-bills-based-on-your-paycheck
Most of the time, what you pay for electricity or water or gas depends on how much you use. Leave the air conditioner and the lights on all night, and your electricity bill will spike. Take long, relaxing bubble baths every day, and your water bill will climb....
https://knews.kathimerini.com.cy/en/business/why-are-food-prices-so-high-in-europe
It is the most basic of staple food items: sliced white bread. In Britain, the average price of a loaf was 28 percent higher in April, at 1.39 pounds, or $1.72, than it was a year earlier....
https://knews.kathimerini.com.cy/en/news/natural-gas-a-priority-for-affordable-electricity-generation
The Cyprus Chamber of Commerce and Industry (CCCI) agrees with the government's priority to bring natural gas το Cyprus, in order to produce cheap electricity, said CCCI President Christodoulos Angastiniotis, after a meeting held between CCCI and President of the Republic, Nikos Christodoulides, on Tuesday....
https://knews.kathimerini.com.cy/en/comment/opinion/is-there-an-energy-plan-or-isn-t-there
When in 2011 Cyprus discovered natural gas in "Aphrodite," the discussion about geopolitical upgrading was so intense that it led to the creation... of a movie titled "Block 12" and the establishment of specialized studies in oil & gas....
https://knews.kathimerini.com.cy/en/news/cyprus-ranks-low-in-unmet-medical-needs-for-children-but-dental-care-concerns-arise
Cyprus stands out as one of the countries with the lowest rates of children under 16 living in households with unmet medical needs, according to recent data released by Eurostat, the statistical service of the EU. However, when it comes to unmet dental care needs, Cyprus slightly exceeds the EU average....
https://knews.kathimerini.com.cy/en/business/the-controversial-e-kalathi-bill-house-and-stakeholders-remain-unconvinced
The e-kalathi bill fails to convince the House and stakeholders. Yesterday, the Commerce Committee of the House of Representatives held discussions on the matter, with Minister of Energy, Commerce, and Industry George Papanastasiou present....
https://knews.kathimerini.com.cy/en/business/netflix-cracks-down-on-password-sharing
Netflix Inc. on Tuesday expanded its crackdown on password sharing to the United States and more than 100 other countries, alerting users that their accounts cannot be shared for free outside of their households....
https://knews.kathimerini.com.cy/en/business/cbc-urges-banks-to-embrace-transformation-for-sustainablefuture
Constantinos Herodotou, Governor of the Central Bank of Cyprus, emphasized the need for Cypriot banks to seize the current favorable circumstances and address impending challenges during his speech at the 2023 ICPAC Mediterranean Finance Summit held in Limassol on Thursday....
https://knews.kathimerini.com.cy/en/news/alarming-rise-in-domestic-violence-in-cyprus
The Association for the Prevention and Handling of Violence in the Family (SPAVO) in Cyprus has released data revealing a concerning surge in domestic and partner violence incidents in 2022. ...
https://knews.kathimerini.com.cy/en/news/central-bank-governor-projects-higher-economic-growth-for-2023
On Tuesday, Constantinos Herodotou, the Governor of the Central Bank of Cyprus, announced that the Cypriot economy is projected to grow in 2023 at a higher rate than the Eurozone average. ...
https://knews.kathimerini.com.cy/en/business/interest-rates-rise-for-housing-and-corporate-loans
Interest rates for housing loans in March 2023 increased by 1.25% compared to February 2023, while interest rates for corporate loans also rose, according to statistics released Friday by the Central Bank of Cyprus....