https://knews.kathimerini.com.cy/en/business/cyprus-faces-financial-imbalance-as-assets-fall-short-of-liabilities
As of December 2023, Cyprus' economy is navigating a complex financial landscape, with total assets in financial instruments reaching €869 billion. However, the country also faces a notable financial shortfall, with liabilities exceeding assets by about €29 billion....
https://knews.kathimerini.com.cy/en/news/new-eu-rules-open-cyprus-s-troubled-loan-market-to-foreign-investors
In a move that could reshape Cyprus's financial landscape, Parliament recently passed a European Directive that makes it easier for foreign investors to buy non-performing loans (NPLs) in the country....
https://knews.kathimerini.com.cy/en/news/president-urges-faster-completion-of-88-major-projects
Cyprus President Nikos Christodoulides urged ministers to accelerate the government’s agenda of 88 key projects for the administration’s second year, Deputy Minister to the President Irene Piki announced after a recent Cabinet meeting. ...
https://knews.kathimerini.com.cy/en/news/president-unveils-€30-million-plan-to-revitalize-troodos-region
President Nikos Christodoulides has unveiled a comprehensive plan aimed at revitalizing the Troodos mountainous region, with more than 20 major projects and policy actions set to be implemented. ...
https://knews.kathimerini.com.cy/en/business/cyprus-surpasses-pre-pandemic-financial-levels-with-growing-surplus
Cyprus is bouncing back from recent economic challenges, with its financial health improving dramatically. Current fiscal surpluses now exceed what they were before the pandemic, thanks to a significant increase in revenue....
https://knews.kathimerini.com.cy/en/news/water-crisis-looms-as-cyprus-dams-hit-27
Cyprus is grappling with a severe water shortage as the ongoing drought pushes the country's dam capacity to worrying levels. According to Gianna Economidou......
https://knews.kathimerini.com.cy/en/news/cyprus-tops-europe-in-lawyers-but-struggles-with-court-delays
Cyprus leads Europe with the highest number of lawyers per capita, with 505 lawyers per 100,000 residents, far above the European average, according to a new Council of Europe report....
https://knews.kathimerini.com.cy/en/news/limassol-and-larnaca-set-for-greener-urban-transport
Cyprus has officially launched its Sustainable Urban Mobility Plans (SUMP) for Limassol and Larnaca, making a significant step towards the the country’s transition towards greener, more accessible urban spaces....
https://knews.kathimerini.com.cy/en/news/digital-tools-launched-to-improve-nicosia-s-urban-life
Nicosia Mayor Charalambos Proutzos emphasized the importance of enhancing citizens' quality of life through smart technologies, stating, "Our goal is not just......
https://knews.kathimerini.com.cy/en/news/cypriot-economy-shows-resilience-growth-outpaces-eu-average
The Governor of the Central Bank of Cyprus, Christodoulos Patsalides, has called on banks to consider the social dimension of their pricing policies......
https://knews.kathimerini.com.cy/en/news/education-ministry-expands-security-guard-program-to-all-high-schools
The Government has decided to place security guards in all high schools across the country, Education Minister Athena Michaelidou announced today....
https://knews.kathimerini.com.cy/en/news/cyprus-credit-rating-upgraded-due-to-strong-economy-and-lower-debt
Rating Agency Capital Intelligence Ratings (CI) has upgraded Cyprus’ Long-Term Foreign Currency Rating (LT FCR) and Short-Term FCR (ST FCR) to ‘BBB’ and ‘A2’, respectively, from ‘BBB-’ and ‘A3’, maintaining a positive outlook....
https://knews.kathimerini.com.cy/en/news/u-s-business-leaders-eye-investment-opportunities-in-cyprus
U.S. businessmen and executives expressed keen interest in pursuing business opportunities in Cyprus during a Wednesday working lunch with President Nikos Christodoulides in New York....
https://knews.kathimerini.com.cy/en/news/traffic-lights-coming-to-latsia-geri-roundabout
New traffic lights will soon be set up at the Latsion-Geriou roundabout, located near Nicosia General Hospital. This change is in response to increased traffic expected from the opening of the JUMBO store and new businesses in the area....
https://knews.kathimerini.com.cy/en/comment/opinion/businesses-in-cyprus-can-benefit-economically-from-policies-for-fewer-cars
Cities worldwide are increasingly adopting pedestrian-friendly and bicycle-friendly policies, amid growing concerns over the climate crisis and the need to reduce air and noise pollution. ...
https://knews.kathimerini.com.cy/en/news/nicosia-to-improve-walking-and-cycling-by-2030
Nicosia has unveiled an ambitious plan to transform the city into a '15-minute city' by 2030, aiming to ensure that residents can access essential services within a 15-minute walk or bike ride from their homes, officials announced Monday.
...
https://knews.kathimerini.com.cy/en/news/paphos-polis-road-contractor-proposals-await-approval
Plans to improve the road linking Paphos Airport with the city and a potential alternative route are under consideration, according to Paphos Chamber of Commerce and Industry (PCCI) President George Mais....
https://knews.kathimerini.com.cy/en/news/moody-s-sees-positive-outlook-for-hellenic-bank-following-eurobank-deal
Moody’s upgraded Hellenic Bank’s credit rating to Baa2 from Baa3 on Wednesday, citing the recent acquisition of a 56% stake by Eurobank S.A. The agency also revised the bank's outlook to positive.
...
https://knews.kathimerini.com.cy/en/news/cyprus-to-remove-130-speed-bumps-in-road-reassessment
Authorities decided to remove 130 speed-reducing installations, such as bumps and elevated platforms, Senior Executive Engineer at the Department of Public Works (DPW), Charalambos Kais, told the Cyprus News Agency (CNA)....
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/comment/opinion/what-a-federation-means-for-cyprus-eu-status
We say Cyprus is an indivisible, unified, consubstantial state that could become a federation....
https://knews.kathimerini.com.cy/en/business/final-decisions-on-akamas-projects-approaching
According to Pavlos Neophytos in this Sunday's Kathimerini, the development of the Akamas road network, crucial for the area's infrastructure, faces significant delays due to environmental concerns and ongoing investigations....
https://knews.kathimerini.com.cy/en/news/ongoing-wildfire-battle-attica-firefighters-tackle-new-outbreaks
Firefighting efforts are ongoing through the night to control wildfires in northeast Attica, primarily affecting the Mount Penteli and Lake Marathon areas. ...
https://knews.kathimerini.com.cy/en/business/trade-deficit-slashed-by-20-in-2024-amid-falling-imports
Cyprus saw its trade deficit shrink by over 20% in the first half of 2024, according to the latest data from the Statistical Service. The trade deficit, which is the difference between what the country imports and exports, fell to €3.57 billion, down from €4.48 billion during the same period in 2023....
https://knews.kathimerini.com.cy/en/news/pyla-finikoudes-and-mackenzie-beaches-to-get-major-cleanup
In an ongoing effort to improve Larnaca's tourism offerings and meet the growing expectations of visitors, the Larnaca Tourism Board, in collaboration with the city municipality and hotels in the Pyla tourist area, has launched a thorough beach sand cleanup operation....
https://knews.kathimerini.com.cy/en/news/eurobank-cyprus-reports-€105-7m-net-profit-for-h1-2024
Eurobank Cyprus reported a net profit of €105.7 million for the first half of 2024, marking a 16% increase, or €14.9 million, compared to the same period in 2023....
https://knews.kathimerini.com.cy/en/news/cyprus-government-rakes-in-over-€424m-in-surpluses-this-year
Cyprus has reported a substantial budget surplus of €424.5 million for the first half of 2024, a huge increase from the €62 million surplus during the same period last year. ...
https://knews.kathimerini.com.cy/en/news/olympic-men-s-triathlon-postponed-due-to-seine-water-contamination
The men's triathlon at the Olympic Games has been postponed due to poor water quality in the River Seine, despite significant investments in infrastructure. ...
https://knews.kathimerini.com.cy/en/news/minister-highlights-importance-of-defence-readiness-in-zygi
At a time when geopolitical developments and security challenges are constantly changing, maintaining our defence capabilities at high levels is a top priority, Cyprus Defence Minister Vassilis Palmas said on Thursday, at an event for demonstrating the operational capabilities of the National Guard, which took place in the coastal area of Zygi, in the Larnaca district....
