https://knews.kathimerini.com.cy/en/business/as-2023-ends-banks-and-unions-lock-horns-on-pay-structures
The banks and bank employees' unions are at odds over labor issues and the signing of new collective agreements. As we approach the end of 2023, no significant progress has been made in renewing collective agreements during the outgoing year....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-housing-crisis-deepens-amid-interest-rate-scandal
With current interest rates, the prospect of repaying a mortgage spans nearly fifty years for an average family, turning homeownership into an elusive dream....
https://knews.kathimerini.com.cy/en/news/us-ambassador-discusses-cyprus-and-russian-influence-in-exclusive-interview
In an exclusive interview with Kathimerini, the U.S. Ambassador to Cyprus weighs in on whether the island nation's ties to Russian influence are changing. ...
https://knews.kathimerini.com.cy/en/news/number-of-homeless-people-sees-increase-in-2023
Official data released to Parliament by the Deputy Ministry of Social Welfare, in response to a question from AKEL MP Nikos Kettiros, highlights a notable increase in individuals experiencing homelessness during the first half of 2023....
https://knews.kathimerini.com.cy/en/news/how-much-will-christmas-dinner-cost-this-year
The Pancyprian Consumers Association has conducted a comprehensive survey, uncovering the estimated costs of Christmas tables for families in Nicosia....
https://knews.kathimerini.com.cy/en/news/israeli-investments-raise-eyebrows-in-occupied-territories
The large-scale acquisition of land in the Occupied Territories by Israeli citizens and Europeans of Jewish descent is creating interesting dynamics within the Turkish Cypriot community, as well as in Turkish and Turkish Cypriot press reports....
https://knews.kathimerini.com.cy/en/news/2024-budget-gets-green-light-–-inside-scoop-on-state-wage-proposals
The 2024 budget was passed into law relatively comfortably, with a total of 37 MPs voting for it, while 19 were opposed. ...
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/cyprus-expands-diplomatic-footprint-bolsters-migration-management-efforts
President Nicos Christodoulides, leading the Council of Ministers at the Presidential Palace, announced significant developments in Cyprus' foreign policy and measures taken to address migration challenges....
https://knews.kathimerini.com.cy/en/news/life-expectancy-in-cyprus-drops-amid-covid-turbulence
Life expectancy in Cyprus took a hit, decreasing by a year, reveals the latest European Commission health profile.
...
https://knews.kathimerini.com.cy/en/business/pwc-cyprus-recognized-for-leading-the-way-in-gender-equality
PwC Cyprus was honored with the renewal of the ''Gender Equality Employer'' Certification at a ceremony held by the Ministry of Labour and Social Insurance on December 15, 2023....
https://knews.kathimerini.com.cy/en/business/businesses-to-cut-greenhouse-gas-targets-by-10
Businesses revise climate targets as reality of long-term sustainability transformation hits. Sustainability progress plateaus as short-term pressures and external forces hit CSO agenda....
https://knews.kathimerini.com.cy/en/news/high-pressure-weakens-unleashing-mixed-conditions
In a weather twist, weak high pressure is currently impacting our region, setting the stage for a series of atmospheric changes in the coming days.
...
https://knews.kathimerini.com.cy/en/news/british-ship-awaits-israeli-clearance-for-humanitarian-aid-ship-to-gaza
In the waters off the coast of Gaza, a British vessel awaits clearance from Israeli shores to transport humanitarian aid from Larnaca to Gaza. ...
https://knews.kathimerini.com.cy/en/news/major-shipping-firms-redirect-routes-as-red-sea-attacks-intensify
In a significant move with potential global repercussions, major shipping companies, including MSC, Maersk, and Hapag-Lloyd, opt to steer clear of the Red Sea route....
https://knews.kathimerini.com.cy/en/news/clear-skies-and-thunderstorms-looming-on-horizon
In a weather update for the island, today promises clear skies and temperatures ranging from 0 degrees on the coast to 10 degrees in the higher mountains. ...
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/tatar-s-plea-to-russia-to-reshape-diplomatic-landscape
"I would like to ask the Russian leadership and the Russian people to reconsider their policy on Cyprus, especially after what happened in Ukraine and what is happening in the world with a multitude of global changes," Turkish Cypriot leader Ersin Tatar told the Russian state news agency TASS - as reported by the latter....
https://knews.kathimerini.com.cy/en/business/workforce-crisis-grips-cyprus-as-12-000-job-vacancies-surge
In the hotel, catering, and retail sectors, an estimated 12 thousand personnel needs have prompted relevant professional associations to jointly appeal to the Ministry of Labour, seeking simplified procedures for hiring staff from third countries....
https://knews.kathimerini.com.cy/en/news/week-of-varied-weather-patterns
Get ready for a mix of clear skies and occasional clouds today as temperatures climb to a comfortable 20 degrees inland, 21 on both the west and east coasts, reaching a slightly warmer 22 on the remaining coastlines.
...
https://knews.kathimerini.com.cy/en/news/lisbon-s-homes-unaffordable-as-prices-hit-record-highs
In a dramatic twist, Lisbon finds itself grappling with a housing crisis, ranking second only to Athens in soaring housing costs among major European cities, reports Bloomberg. ...
https://knews.kathimerini.com.cy/en/news/themis-themistocles-signals-potential-2024-interest-rate-cut
In their ''Year Ahead 2024'' forecast, analysts at Swiss financial giant UBS anticipate a slowdown in the strength of the US economy throughout 2023. ...
https://knews.kathimerini.com.cy/en/news/1-migration-and-pandemic-in-focus-at-brussels-summit
Victor Papadopoulos, Director of the Presidency Press Office, described the ongoing discussions at the Brussels Summit as particularly challenging....
https://knews.kathimerini.com.cy/en/news/interior-minister-considers-plan-with-iom-to-boost-international-workforce
Interior Minister Constantinos Ioannou has conveyed to IOM (International Organization for Migration) Director General Amy Pope Cyprus' willingness to look into implementing a pilot programme to attract labour force from third countries....
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/covid-19-cases-surge-ahead-of-festive-season
In a recent statement to the Cypriot News Agency, Elizabeth Constantinou, the Director of Medical and Public Health Services, highlighted a surge in confirmed coronavirus cases, ...
https://knews.kathimerini.com.cy/en/news/chinese-elite-move-billions-abroad-in-economic-shift
In a remarkable shift this year, affluent Chinese have moved hundreds of billions of dollars out of the country, capitalizing on the end of COVID precautions that had tightly sealed China's borders for nearly three years....
https://knews.kathimerini.com.cy/en/news/sunny-spells-and-sneaky-clouds
Amidst the gentle influence of weak high pressure, today's meteorological narrative unfolds with a nuanced dance of clear and cloudy elements. In the initial hours, a majority of regions will wake up to the crisp clarity of a cloudless sky....
https://knews.kathimerini.com.cy/en/news/the-climb-to-success-in-the-public-sector-pay-scale
The Ministry of Finance has officially disclosed the main provisions of the agreement reached with trade unions PASYDY and FCC, outlining significant salary advancements for public and broader public sector employees, including those within Local Government Authorities. ...
https://knews.kathimerini.com.cy/en/news/cypriots-pack-bags-for-record-breaking-2023-getaways
Cypriots are preparing suitcases for abroad, taking advantage of the short holidays offered by the Christmas and New Year celebrations....
