https://knews.kathimerini.com.cy/en/news/eurostat-electricity-prices-up-by-32-in-cyprus
In the first half of 2022, average household electricity prices in the European Union increased sharply compared with the same period in 2021, from 22.0 euros per 100 kWh to 25.3 euros per 100 kWh, according to data released by Eurostat, the statistical service of the EU....
https://knews.kathimerini.com.cy/en/news/winds-dust-and-rain-who-will-be-impacted-by-inclement-weather
The mostly clear weather that has prevailed over the last few days will not last long, as the new weather forecast predicts showers, isolated storms, strong winds, and an outbreak of dust. All of this is expected to result in a slight drop in temperature, bringing it closer to normal for the season....
https://knews.kathimerini.com.cy/en/news/turkish-praise-for-israel-lebanon-deal-draws-greek-cypriot-response
Turkey has welcomed a historic maritime demarcation agreement between Israel and Lebanon that was finalized on Thursday, as Ankara hopes the US-brokered deal could serve as an example for resolving energy disputes on divided Cyprus, drawing reactions from Greek Cypriots...
https://knews.kathimerini.com.cy/en/news/op-ed-wim-van-aken-talks-recession-and-the-predictions-for-cyprus
We are facing a double shock. First, we had the Covid-19 shock and now the global and European economies are facing a new shock with the war in Ukraine. Both events are unprecedented for many of us....
https://knews.kathimerini.com.cy/en/news/british-business-travelers-being-turned-back-from-eu-countries
British business travelers are being turned back from European countries for going against post-Brexit movement restrictions that will be applied more rigorously once the European Travel Information and Authorization System (ETIAS) is introduced in November next year....
https://knews.kathimerini.com.cy/en/business/payabl-group-ceo-ugne-buraciene-to-present-and-host-panel-at-reflect-festival-limassol
Reflect is the biggest tech and entrepreneurial festival in Cyprus and all of us here at payabl. are proud to be supporting this innovative event for the second consecutive year as a Gold Partner, a Knowledge Partner and an Exhibitor....
https://knews.kathimerini.com.cy/en/business/youth-unemployment-in-cyprus-in-2021-at-14-2-compared-to-13-across-the-eu
The youth (people aged 15–29 years) unemployment rate in the European Union fell to 13.0% in 2021, from 13.3% in 2020, according to data released by Eurostat, the statistical service of the European Union....
https://knews.kathimerini.com.cy/en/news/cyprus-probes-dotted-line-in-israel-lebanon-deal
The foreign ministry in the Republic of Cyprus has sent a note verbale to Beirut in reference to a maritime border deal between Israel and Lebanon, which reportedly includes a contentious line that Nicosia had crossed a decade ago...
https://knews.kathimerini.com.cy/en/news/banking-sector-to-cut-600-more-employees
The number of employees in the Cypriot banking sector will have been reduced further by the end of 2022. By the end of this year, 600 bank employees will have left the company, while about 50 will have been transferred to a similar but non-banking sector....
https://knews.kathimerini.com.cy/en/news/israel-clinches-deal-with-lebanon-cyprus-still-at-bay
The eastern Mediterranean was on a roll this week after US mediation managed to get broad acceptance for an Israel-Lebanon maritime demarcation deal, but Tel Aviv still faces another challenge only weeks before elections as not everyone is at ease with similar arbitration efforts to resolve a dispute with Cyprus...
https://knews.kathimerini.com.cy/en/business/plans-to-modernize-the-state-s-websites-are-underway
The Deputy Ministry for Innovation, Research and Digital Policy announced Tuesday that a contract has been signed to modernize the state's websites which will now be accessible through the new digital portal, gov.cy....
https://knews.kathimerini.com.cy/en/news/kathimerini-poll-christodoulides-unaffected-by-electoral-pressure
The countdown to the presidential elections has begun, and the Symmetron poll for Kathimerini reveals the critical issues that define the political environment. ...
https://knews.kathimerini.com.cy/en/news/heartland-of-legends-promotes-slow-and-sustainable-tourism
The project “Heartland of Legends” promotes slow tourism and offers authentic experiences to visitors while it also encourages circular economy and sustainability, Deputy Minister of Tourism Savvas Perdios said Thursday, in his presentation during a discussion in the framework of the 9th UNECE Ministerial Conference which takes place in Nicosia....
https://knews.kathimerini.com.cy/en/news/overall-death-rates-from-covid-to-be-much-lower-this-winter-says-ecdc
High transmission rates with a low death rate compared to previous waves of the pandemic, is what the models developed by the European Center for Disease Prevention and Control (ECDC) project, according to the organization's director, Dr. Andrea Ammon....
https://knews.kathimerini.com.cy/en/business/demetriades-loss-of-fleet-due-to-sanctions-on-russia
According to Deputy Minister of Shipping Vassilis Demetriades, a number of ships have been removed from the Cypriot register as a result of Russian sanctions, resulting in the loss of a 700,000-tonne fleet. ...
https://knews.kathimerini.com.cy/en/news/energy-poverty-the-nightmare-that-everyone-is-attempting-to-alleviate
"Energy poverty is a major social issue with a direct impact on health that affects approximately 54 million Europeans. High energy prices, low incomes, and damp, unhealthy homes with poor insulation all contribute to higher rates of energy poverty," according to a statement published on the website of the European Committee of Regions on June 2019....
https://knews.kathimerini.com.cy/en/news/von-der-leyen-temporary-cap-on-gas-prices
The European Commission is now moving towards a temporary cap on gas prices and a common supply of energy products, Commission President Ursula von der Leyen said in a speech to the European Parliament on Wednesday morning....
https://knews.kathimerini.com.cy/en/business/the-heart-of-the-ecb-beats-in-cyprus
The second consecutive visit of European Central Bank President Christine Lagarde in 2022 is certainly semantic. Apart from the visibility of Cyprus being the first visit by Central Bank Governors as part of the decision to visit a country on an annual basis to hold one of their meetings, two other readings emerge....
https://knews.kathimerini.com.cy/en/business/ey-achieves-highest-growth-in-nearly-two-decades-reports-record-global-revenue-of-us$45-4b
EY announced combined global revenues of US$45.4b for the financial year ending June 2022 (FY22), an increase of 16.4% in local currency (13.7% in US dollars). This marks one of the most successful years in the history of the organization with the highest growth seen in nearly two decades attributed to the EY NextWave strategy to deliver long-term value for EY people, clients and society....
https://knews.kathimerini.com.cy/en/news/un-s-stewart-the-option-of-a-mutually-agreed-solution-is-fading
"I am extremely concerned that the option of a mutually agreed settlement of the Cyprus problem, i.e. a formula for the reunification of the island acceptable to both sides, is fading and will not be available for much longer", UN Secretary General's Special Representative for Cyprus Colin Stewart says....
https://knews.kathimerini.com.cy/en/news/denmark-half-of-the-gas-from-the-two-nord-stream-pipelines-has-already-leaked
More than half of the gas contained in the pipelines at the bottom of the Baltic Sea in which unexplained explosions occurred earlier this week has now leaked, Denmark's Energy Agency said on Wednesday....
https://knews.kathimerini.com.cy/en/news/finance-minister-calls-for-prudency-to-safeguard-economy
Cypriot Minister of Finance Constantinos Petrides, stressed on Wednesday evening the need to be “even more careful” with the fiscal discipline in the new challenging era, while Central Bank Governor Constantinos Herodotou referred to the risk of new NPLs due to the challenging economic conditions....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-where-will-turkey-be-in-a-year-from-now
The disputes with Greece will be useful ammunition for Turkish President Recep Tayyip Erdogan should he decide to manufacture a crisis that would divert attention away from his country’s economic disintegration. ...
https://knews.kathimerini.com.cy/en/business/cyprus-highly-innovative-compared-to-other-eu-countries
Cyprus has achieved the biggest improvement in the field of innovation at the European level since 2015, according to the annual report of the European Innovation Scoreboard 2022 of the European Commission....
https://knews.kathimerini.com.cy/en/business/ryanair-says-low-cost-travel-now-in-the-past
The previously known ultra-low-cost flag carrier, Ryanair, has announced it will increase ticket prices to Austria moderately, mainly due to inflation....
https://knews.kathimerini.com.cy/en/news/ask-wire-index-apartments-lead-the-way-in-sale-and-rent-price-hikes-in-q2
Ask WiRE, a company combining real estate know-how with technology has published its Q2 2022 edition of the Ask WiRE Index for property sale and rental values. The Ask WiRE Index covers all districts and main property types, with values from Q4 2009....
https://knews.kathimerini.com.cy/en/business/the-price-increase-of-halloumi-is-justified-minister-of-agriculture-says
The slight increase recorded in the price of the halloumi cheese is justified, Minister of Agriculture Costas Kadis said on Thursday....
https://knews.kathimerini.com.cy/en/news/europe-s-vegetable-farmers-warn-of-shortages-as-energy-crisis-bites
Emmanuel Lefebvre produces thousands of tonnes of endives on his farm in northern France annually, but this year he may abandon his crop because of the crippling energy costs required to freeze the harvested bulbs....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-a-cat-has-nine-lives-so-does-the-cyprus-property-market
Where is the Cyprus property market heading? I have been asked this question countless times over the past three months, primarily from foreign investors who are trying to appreciate how the rise in inflation, increase in interest rates, and war in Ukraine is affecting local market dynamics....
https://knews.kathimerini.com.cy/en/news/we-belong-to-the-west
The phrase "We belong to the West" belongs to Constantine Karamanlis and was uttered half a century ago and at a time when Greece was emerging from a traumatic seven-year period. ...
