https://knews.kathimerini.com.cy/en/business/ecb-vp-says-interest-rate-cuts-premature
In an interview with CNA, Louis de Guindos, Vice President of the European Central Bank, expressed that discussions regarding interest rate cuts are premature....
https://knews.kathimerini.com.cy/en/news/eu-nations-reach-agreement-on-handling-irregular-immigration
European Union countries on Wednesday sealed a deal on how to handle irregular immigration at times of exceptionally high arrivals, taking a step towards overhauling the bloc’s asylum and migration rules before a pan-European election next year....
https://knews.kathimerini.com.cy/en/news/tourists-spend-over-€1-5-billion-setting-new-high
The most recent data from the Statistical Service regarding tourism revenues are confirming expectations, as expressed by Deputy Minister of Tourism Kostas Koumis in a recent interview with "K". It appears that this year could potentially set a new record for tourism revenues....
https://knews.kathimerini.com.cy/en/news/ankara-s-surprising-move-on-cyprus-resources
Turkish Foreign Minister Hakan Fidan has reintroduced a proposal with a clear aim to disrupt the existing framework for resolving the Cyprus problem, echoing Ankara's prior suggestions....
https://knews.kathimerini.com.cy/en/news/government-unveils-inflation-relief-plan-for-october-s-end
At the end of October, the government is expected to announce measures to alleviate the impact of inflation, while at the beginning of 2024 the government plans to implement the new green tax on fuels, together with compensatory measures, said the Minister of Finance, Makis Keravnos, while handing over the 2024 state budget to the President of the Parliament, Annita Demetriou.
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https://knews.kathimerini.com.cy/en/news/bedbugs-threaten-2024-olympics-in-paris
In recent weeks, a concerning surge of bedbugs has been reported not only in Paris but also in several other French cities....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-secure-moody-s-upgrade-to-investment-status
After 12 years, Moody's has upgraded the ratings of Cyprus' two major banks, Bank of Cyprus and Hellenic Bank, placing them in the investment category....
https://knews.kathimerini.com.cy/en/news/€370k-worth-of-olive-oil-vanishes-police-investigate
Approximately 37 tons of olive oil have been reported stolen from a prominent agricultural cooperative in Polygyros, a picturesque town nestled in the scenic region of Halkidiki, northern Greece.
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https://knews.kathimerini.com.cy/en/news/from-sunny-skies-to-rainy-surprises
The day is set to begin with predominantly clear skies, although residents may notice localized areas of increased cloud cover. As the day progresses, especially during the midday hours and beyond, cloud formations are forecasted to develop....
https://knews.kathimerini.com.cy/en/news/house-prices-hold-ground-with-annual-gains
House prices were up on an annual basis in the second quarter of this year but remained more or less stable on a quarterly basis, a preliminary estimate released by the Cyprus Statistical Service on Tuesday shows....
https://knews.kathimerini.com.cy/en/news/turkish-cypriot-checkpoints-take-center-stage
In a striking development, 2023 has seen an extraordinary increase in crossings through checkpoints in Cyprus, as revealed by reports in the Turkish Cypriot press....
https://knews.kathimerini.com.cy/en/news/26-9-increase-in-tourism-revenue-compared-to-last-year
The year 2023 is poised to go down in history with remarkable revenue figures, as highlighted in a recent interview with the Deputy Minister and substantiated by the latest tourism revenue data from the Statistical Office....
https://knews.kathimerini.com.cy/en/business/inflation-fears-and-green-investments
The European Central Bank (ECB) has revised its inflation forecast upward, now predicting that inflation will reach 5.6% in 2023 and 3.2% in 2024. ...
https://knews.kathimerini.com.cy/en/news/aegean-airlines-expands-winter-routes-for-23-24-season
Aegean Airlines is set to offer its largest-ever route program for the upcoming winter season, introducing 18 new routes to 14 different countries. ...
https://knews.kathimerini.com.cy/en/comment/opinion/real-estate-boom-in-greece-and-cyprus
The real estate landscapes of Greece and Cyprus are undergoing significant transformations, with both nations showcasing promising growth and recovery. However, beneath the surface of these top-line numbers, there are underlying challenges and disparities that need to be addressed....
https://knews.kathimerini.com.cy/en/news/unexpected-earnings-dip-in-2022-at-€2-202
In a surprising turn of events, Cyprus witnessed its first annual drop in monthly earnings after seven prosperous years....
https://knews.kathimerini.com.cy/en/business/moody-s-double-upgrade-ignites-investor-interest
Last Friday, Moody's delivered a double upgrade for Cyprus, propelling the nation into the investment-grade category recognized by all four major financial firms. Although these rankings may appear modest, their real-world impact is substantial....
https://knews.kathimerini.com.cy/en/news/island-braces-for-thunderstorms
The Meteorological Service has issued a yellow warning for today, effective from 10 AM until 6 PM, indicating potential weather disruptions on the horizon....
https://knews.kathimerini.com.cy/en/news/electricity-prices-surge-by-3-in-latest-billing-cycle
In a recent development, electricity prices have witnessed a notable uptick, surging by 3% when compared to the preceding month. Christina Papadopoulou, the spokesperson for EAC (the electricity authority), elucidated that a significant portion of this increase, amounting to 1.20%, is earmarked for third-party entities rather than being allocated to AHK....
https://knews.kathimerini.com.cy/en/news/health-minister-warns-of-24-increase-in-cancer-cases-by-2035
According to the Cancer Registry in Cyprus, we have about 4,000 new cases of cancer a year and ''if no decisive action is taken immediately, cancer cases are expected to increase by 24% by 2035, making it the leading cause of death in the EU'', said the Minister of Health, Popi Kanari, in her address at the First Oncology Forum held on Saturday by the Bank of Cyprus Oncology Centre....
https://knews.kathimerini.com.cy/en/news/violent-clashes-between-tenants-and-property-owners-as-rents-spike-700
A craftsman in Turkey, who has been diligently paying rent for two decades, now finds himself threatened with eviction due to an unexpected rent increase of nearly 700%. His monthly rent has surged from 3,200 Turkish lira (110 euros) to a staggering 25,000 lira (867 euros)....
https://knews.kathimerini.com.cy/en/news/25-new-asylum-examiners-to-speed-processing-and-deter-migrant-arrivals
The Asylum Service of Cyprus has taken a significant step to enhance the efficiency of processing asylum applications by appointing 25 additional asylum examiners, according to Minister of Interior Constantinos Ioannou....
https://knews.kathimerini.com.cy/en/news/e-kalathi-takes-on-soaring-fuel-and-food-prices
The ongoing debate within the House Commerce Committee regarding the Retail Price Recording and Monitoring Bill has become both tiresome and contentious....
https://knews.kathimerini.com.cy/en/news/french-ski-resort-shuts-down-forever
Due to the effects of global warming that have led to a lack of snow, a ski resort in the French Alps, La Sambuy, has decided to cease operations permanently....
https://knews.kathimerini.com.cy/en/business/cyprus-banks-net-interest-income-doubles-amid-ecb-rate-hikes
The Cypriot banking system's net interest income (NII) saw a remarkable doubling in the first half of 2023, marking an annual increase of 100%, primarily due to the ongoing rate hikes by the European Central Bank (ECB) aimed at tackling rising inflation....
https://knews.kathimerini.com.cy/en/news/15-4-spike-in-public-expenditure-for-2024
In the 2024 Budget, there's a notable rise of EUR 0.5 billion in public personnel expenditure. According to the Council of Ministers' approved budget table for 2024, this marks a substantial increase of 496 million euros. In terms of percentages, this surge amounts to 15.4% compared to the personnel expenditure allocated for the public sector in 2023....
https://knews.kathimerini.com.cy/en/news/california-boosts-minimum-wage-for-fast-food-workers-to-$20-per-hour
California is raising the minimum wage for fast food workers, marking a hard-won victory for those workers and union organizers....
https://knews.kathimerini.com.cy/en/news/ep-s-santos-urges-progress-on-cyprus-missing-persons
European Parliament's Standing Rapporteur for the missing persons in Cyprus, Isabel Santos, stressed on Thursday during a meeting she had with Turkish Cypriot leader, Ersin Tatar, the need to speed up the process for establishing the fate of missing persons....
https://knews.kathimerini.com.cy/en/news/electricity-bills-to-surge-by-4-56-due-to-soaring-fuel-costs
Households are set to face another financial hit as electricity bills are expected to increase by 4.56%, coinciding with a continued upward trend in energy costs....
https://knews.kathimerini.com.cy/en/news/transport-department-looking-for-solutions-to-unpaid-fines
In efforts to address unpaid fines stemming from the photo-identification system, the Department for Transport is exploring potential remedies....
