https://knews.kathimerini.com.cy/en/news/loneliness-on-the-rise-as-study-finds-irish-face-highest-rates-in-eu
Irish people are experiencing the highest levels of loneliness within the European Union, a recent study has revealed....
https://knews.kathimerini.com.cy/en/business/eurobank-cyprus-reports-soaring-profits-amid-rising-interest-rates
Eurobank Cyprus posted soaring profitability after tax for the first half of 2023 with net profits approaching the profitability of full year 2022, due to rising interest rates and the high remuneration of its liquidity held at the ECB....
https://knews.kathimerini.com.cy/en/business/should-you-sell-your-family-business
A common response from family business owners when asked the above question is, "Let them make an offer, and we'll see."...
https://knews.kathimerini.com.cy/en/news/government-achieves-€155-5m-surplus-in-2023
Cyprus government's surplus for the first half of 2023 increased to €155.5 million, equivalent to 0.5% of GDP, compared to a deficit of €92.4 million (-0.3% of GDP) for the period of January-June 2022, based on preliminary fiscal results from the Statistical Service of Cyprus.
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https://knews.kathimerini.com.cy/en/news/italy-ends-social-income-for-its-poorest-citizens
The government of Prime Minister Georgia Meloni has decided to halt the granting of ''social income'' to unemployed and low-income citizens in Italy, starting August 1....
https://knews.kathimerini.com.cy/en/news/rhodes-heartbreaking-farewell
Standing outside the blackened shell of what used to be his restaurant, Dimitris Hajifotis laments a livelihood lost to wildfires raging on the Greek island of Rhodes this week....
https://knews.kathimerini.com.cy/en/news/uber-driver-saves-over-$1-000-monthly-with-tesla
Wesley Johnson, 64, uses the income he earns as a San Francisco Uber driver to offer some financial support to his four children and seven grandchildren.
...
https://knews.kathimerini.com.cy/en/news/government-s-solar-power-initiative-for-vulnerable-homes
The government is currently working on the installation of free solar power systems for vulnerable individuals....
https://knews.kathimerini.com.cy/en/news/platres-mayor-proposes-university-units-in-troodos
Panagiotis Papadopoulos, the Mayor of Platres and President of the Troodos Network, recently spoke on SPOR FM's DIAPORA NEWS show to discuss the development of university units in Troodos, the region's economic and touristic enhancement, job opportunities, and this year's tourism trends....
https://knews.kathimerini.com.cy/en/news/global-economy-faces-$590-trillion-storm
A $590 trillion storm threatens the global economy as rising interest rates make more corporate debts problematic. ...
https://knews.kathimerini.com.cy/en/business/npl-crisis-highlights-tug-of-war-between-borrowers-and-legislation
The concealment, or "camouflage," of non-performing loans (NPLs) in commercial banks before 2013 and their subsequent explosion have been, and may continue to be, the most significant challenge for the Cypriot economy. ...
https://knews.kathimerini.com.cy/en/business/cyprus-oman-double-taxation-agreement-approved
The Council of Ministers approved on Wednesday an agreement for double taxation avoidance and the prevention of tax evasion regarding income taxes as well as the relevant protocol between the Republic of Cyprus and the Sultanate of Oman, Minister of Finance, Makis Keravnos said after the Cabinet meeting....
https://knews.kathimerini.com.cy/en/news/results-of-aphrodite-drilling-expected-this-august
The confirmatory drilling A3 in the Aphrodite reservoir was completed last week, stated Minister of Energy Giorgos Papadopoulos on Monday, noting that there seems to be positive news....
https://knews.kathimerini.com.cy/en/news/hollywood-artists-unite-in-historic-strike
Leaders of Hollywood’s actors’ union voted Thursday to join screenwriters in the first joint strike in more than six decades, shutting down production across the entertainment industry after talks for a new contract with studios and streaming services broke down....
https://knews.kathimerini.com.cy/en/news/cyprus-approves-€361m-supplementary-budget-for-2023
With criticism against the government's agreement for the purchase of the Metropolitan building, which will house the Ministry of Labor and Social Insurance, the Plenary of the House of Representatives approved the supplementary state budget amounting to €361 million....
https://knews.kathimerini.com.cy/en/news/applications-open-for-rent-in-exchange-program
"The submission of applications for the 'Rent in Exchange for Installment' program will begin in October," said Ioanna Markidou, Chief Economist A' at the Ministry of Finance, in a statement to CNA....
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/spain-youngsters-to-receive-20-000-euros-upon-turning-18
A universal inheritance is proposed by the Minister of Labor of Spain, Yolanda Diaz, as a means to address social inequalities. Under this framework, all young people living in Spain would receive 20,000 euros after they turn 18....
https://knews.kathimerini.com.cy/en/news/taliban-s-violations-of-women-s-rights
The UN report released last month was compiled after a week-long visit to Afghanistan by Richard Bennett, the Special Rapporteur on the situation of human rights in Afghanistan, and Dorothy Estrada-Tanck, who led a contingent from the working group on discrimination against women and girls....
https://knews.kathimerini.com.cy/en/news/profit-distribution-for-players-in-classes-a-and-b-increased-by-22
Total gross revenue (pay-in) from class A and class B bookmakers amounted to 267.6 million in the first quarter of 2023 marking an increase of 21% compared with the respective quarter of last year, National Betting Authority (NBA) has said....
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/nicosia-encourages-green-transportation-with-new-policy
Effective Saturday, July 1, the Nicosia Municipal Council will implement new parking fees in municipal parking areas, following a decision made on April 20, 2023.
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https://knews.kathimerini.com.cy/en/news/interest-rate-increases-boost-cypriot-banks-2022-profits-to-€177-million
Bank of Cyprus and Hellenic Bank generated a combined profit of €164.7 Million in Q1 2023, Driven by interest rate increases....
https://knews.kathimerini.com.cy/en/news/stricter-controls-on-fuel-trading-in-occupied-areas
Stricter controls and public disclosure for fuel traders in the occupied areas to be announced tomorrow, Energy Minister George Papastasiou declares....
https://knews.kathimerini.com.cy/en/business/hellenic-bank-rakes-in-€69-7-million-in-profits-during-q1-of-2023
Hellenic Bank has reported a profit of €69.7 million for the first quarter of 2023, signaling a strong start to the year. ...
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/cyprus-banks-to-double-net-interest-income-in-q1-2023
Net Interest Income (NII) for the Cypriot banking sector nearly doubled in the first quarter of 2023, driven by the ECB’s rising interest rates in a bid to contain inflation....
https://knews.kathimerini.com.cy/en/news/hunter-biden-to-plead-guilty-to-three-federal-charges
President Joe Biden’s son Hunter has been charged with failing to pay federal income tax and illegally possessing a weapon and has reached an agreement with the Justice Department, according to a letter filed in U.S. District Court in Delaware....
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. ...
