https://knews.kathimerini.com.cy/en/news/1-non-performing-loans-hold-steady-at-€2b-amid-rising-rates
Non-performing loans in the Cyprus banking system remained essentially unchanged at €2 billion in October 2023, marking a marginal reduction of just €2 million, in an environment of rising interest rates....
https://knews.kathimerini.com.cy/en/news/dr-anastasatos-forecasts-bright-future-for-cyprus-economy-in-candid-interview
Eurobank group's chief economist, Dr Tasos Anastasatos, expresses optimism about the Cyprus economy, emphasizing that the decision to expand the group's banking presence in Cyprus is linked to these positive economic prospects....
https://knews.kathimerini.com.cy/en/news/houthi-strikes-send-prices-soaring-in-global-trade
In recent weeks, the developments in the Red Sea, with the Houthi attacks on commercial ships and their impact on global trade, have dominated the discussions of suppliers with their partners....
https://knews.kathimerini.com.cy/en/news/spike-in-transformer-thefts-plagues-electricity-authority
There has been a surge in incidents involving the theft of equipment and other assets from the electricity distribution network of AHK, with cases of stolen transformers exceeding sixty in recent months....
https://knews.kathimerini.com.cy/en/news/trimiklini-scandal-unveiled-15-year-licensing-nightmare-shakes-state-agencies
The Control Committee of the Parliament heard an outcry from the state services, who took almost 15 years to act on a series of illegal activities......
https://knews.kathimerini.com.cy/en/news/government-s-photovoltaics-for-all-plan-sparks-debate-on-eligibility-and-funding
The Government Grant Scheme for transitioning citizens to renewable energy sources and promoting energy-saving initiatives in homes for the period 2024-2025 is currently open for public consultation until January 19, 2024. ...
https://knews.kathimerini.com.cy/en/news/mitsotakis-unveils-stance-on-same-sex-marriage
He opened his cards on the issue of same-sex marriage, which has caused a lot of discussion, yesterday the Prime Minister Kyriakos Mitsotakis......
https://knews.kathimerini.com.cy/en/news/christodoulides-strong-message-ignore-sirens-focus-on-governance
The swearing-in and assumption of duties of the new ministers and officials of the government took place today (10/01), at the Presidential Palace....
https://knews.kathimerini.com.cy/en/news/reclaiming-700-000-vacant-homes-could-ease-greece-s-housing-crisis
The return to the real estate market of at least 700,000 homes that are currently closed or have stood empty for a number of years could play a key role in addressing Greece’s housing crisis....
https://knews.kathimerini.com.cy/en/news/south-korea-bans-dog-meat-landmark-legislation-ends-centuries-old-practice
South Korea's parliament passed a bill on Tuesday to ban the eating and selling of dog meat, a move that will end the controversial centuries-old practice amid growing support for animal welfare....
https://knews.kathimerini.com.cy/en/news/cyprus-redefines-sustainability-with-new-housing-grants
In an exclusive announcement, the Ministry of Energy, Trade, and Industry is reaching out to stakeholders for their input on the innovative ''Grant Scheme for Renewable Energy and Energy Saving in Housing 2024-2025.''...
https://knews.kathimerini.com.cy/en/news/cyprus-tax-reform-targets-green-initiatives-and-economic-revitalization
By March 2024, the initial six phases of the tax transformation project commissioned by the Ministry of Finance to the Centre for Economic Research of the University of Cyprus will conclude,...
https://knews.kathimerini.com.cy/en/business/cyprus-grapples-with-lingering-private-debt-woes
In Cyprus, the European Commission consistently highlights the significant economic challenge of private debt through regular post-program or post-memorandum reports....
https://knews.kathimerini.com.cy/en/news/1-massive-quake-strikes-japan-on-new-year-s-day-leaving-48-dead
In a devastating turn of events, at least 48 people have lost their lives following a powerful earthquake that rocked the central coast of Japan on New Year's Day....
https://knews.kathimerini.com.cy/en/news/parasite-actor-lee-sun-kyun-found-dead-at-48-amid-drug-investigation
South Korean actor Lee Sun-kyun, renowned for his role in the Oscar-winning film Parasite, has been found dead at 48. Discovered unconscious in a car in a Seoul park, the cause of death remains unclear. ...
https://knews.kathimerini.com.cy/en/news/navigating-the-festive-frenzy
The government is grappling with significant challenges in managing and addressing the housing needs of its building stock....
https://knews.kathimerini.com.cy/en/news/half-of-cyprus-loans-vulnerable-to-euribor-and-ecb-rates
Half of the loans in Cyprus are "vulnerable" to euribor and the European Central Bank's (ECB) key rates. In 2024 and 2025, we may not expect further increases, but rather possible decreases, according to the Central Bank of Cyprus' Financial Stability Report for 2022....
https://knews.kathimerini.com.cy/en/news/cbc-warns-of-non-performing-loan-surge-amid-economic-challenges
The Central Bank of Cyprus (CBC) issued a warning on Monday, cautioning about the potential influx of non-performing loans (NPLs) driven by high-interest rates and inflation, which are impacting households' disposable income and businesses' profitability....
https://knews.kathimerini.com.cy/en/news/online-support-surges-for-nubz-the-shoe-wearing-chicken
In the picturesque town of Escondido, California, a captivating saga unfolds as a disabled Malaysian Serama chicken named Nubz finds his place in the hearts of the online community, all thanks to the compassion of dog walker Meech Davignon....
https://knews.kathimerini.com.cy/en/news/european-data-shows-low-interest-payouts-by-cypriot-banks
Cypriot banks rank second to last among European banks in terms of paying interest on total household deposits, according to data released on Wednesday by the European Banking Authority (EBA), as part of its annual risk assessment of the European banking system....
https://knews.kathimerini.com.cy/en/news/non-performing-loans-take-a-€95m-dive
As of the end of September 2023, the total Non-Performing Loans (NPLs) in the banking system of Cyprus further decreased to €2.02 billion compared to €2.08 billion at the end of August.
...
https://knews.kathimerini.com.cy/en/news/eu-unveils-sweeping-reforms-to-enhance-animal-welfare-standards
In a groundbreaking move, the European Commission has proposed extensive reforms to EU rules on animal welfare during transport, marking the most significant overhaul in recent years....
https://knews.kathimerini.com.cy/en/comment/opinion/onasagoras-ouzo-diplomacy-and-halloumi-hurdles
In Erdogan's visit to Athens, Mitsotakis asked him - within the framework of Greek hospitality, of course - what they would serve him, and the Turkish President responded, "a small glass of ouzo and a piece of halloumi from the dead zone, thank you."...
https://knews.kathimerini.com.cy/en/business/ktrends-survey-reveals-public-dissatisfaction-with-cyprus-government
In a recent economic survey conducted by ''Kathimerini,'' the fifth wave of ''Ktrends'' highlights notable trends in economic, household, and market dynamics for October 2023. ...
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/mortgage-rates-soar-to-4-91-deposits-decline-in-october-2023
Mortgage interest rates in Cyprus climbed to 4.91% in October 2023, according to data released by the Central Bank of Cyprus in its November 2023 edition of Monetary and Financial Statistics....
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/portugal-breaks-records-with-149-hours-of-uninterrupted-renewable-energy
In a remarkable feat, Portugal achieved a new milestone by generating more renewable energy than its electricity demands for an unprecedented 149 consecutive hours....
https://knews.kathimerini.com.cy/en/news/kedipes-introduces-rent-to-own-scheme-for-vulnerable-households
Starting December 4, the government, in collaboration with KEDIPES, opens applications for the innovative "rent for hire-purchase" scheme. This initiative aims to fully settle loans secured on the main residences of vulnerable households, offering a lifeline to those facing financial challenges....
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. ...
