https://knews.kathimerini.com.cy/en/business/hourly-labor-costs-in-cyprus-rise-by-5-in-q1-2023
According to provisional data released by the Statistical Service on Friday, hourly labor costs in Cyprus saw a 5% increase in the first quarter of 2023 compared to the same period the previous year....
https://knews.kathimerini.com.cy/en/news/pork-prices-on-the-rise
In response to the ongoing challenges caused by the pandemic and the conflict in Ukraine, the prices of meat have seen a steady increase, with pork now facing another surge. ...
https://knews.kathimerini.com.cy/en/news/world-s-first-space-factory-unveiled
A California-based startup co-founded by a SpaceX veteran, Varda Space Industries, announced it has successfully deployed its first satellite, W-Series 1, in orbit....
https://knews.kathimerini.com.cy/en/news/chocolate-prices-to-surge
Chocolate enthusiasts should brace themselves for price hikes in the near future, as cocoa prices continue to soar. ...
https://knews.kathimerini.com.cy/en/news/dusty-skies-showers-in-the-mountains-and-a-temperature-surge
Today, Thursday, the weather will start off with mainly clear skies. However, as we move into the afternoon, expect to see an increase in cloud cover. ...
https://knews.kathimerini.com.cy/en/news/turkish-president-s-construction-plans-in-occupied-kato-deryneia
In a recent statement, Deryneia Mayor Andros Karayiannis expressed concerns regarding Turkish President Recep Tayyip Erdogan's plans for the construction of over a thousand residential units in occupied Kato Deryneia. ...
https://knews.kathimerini.com.cy/en/news/cyprus-calls-for-medicine-market-reform
Health Minister for Health Popi Kanari said that Cyprus is in favor of the creation of a single market for medicines, and highlighted the problems that Cyprus faces regarding medicine access as a small member state, during the second day of the Employment, Social Policy, Health and Consumer Affairs Council (EPSCO) of the EU, which was held on Tuesday in Luxembourg in its Health Ministers configuration....
https://knews.kathimerini.com.cy/en/news/government-ends-tax-break-fuel-and-electricity-prices-to-rise
The Director General of the Ministry of Finance, Michalis Pantelis, has expressed the government's intention to end the measure of reducing excise tax on fuel and electricity....
https://knews.kathimerini.com.cy/en/news/backlash-over-cyprus-vat-refund-change
The recent decision made by the Department of Customs to raise the expenditure limit for VAT refunds to third-country travelers visiting Cyprus is receiving criticism for its adverse effects on tourism expenditure....
https://knews.kathimerini.com.cy/en/news/thunderstorms-and-showers-expected-in-the-region
According to the latest statement, we can expect isolated thunderstorms affecting primarily the mountainous, inland, and eastern areas. These thunderstorms may bring heavy rain with an intensity exceeding 35 millimeters per hour, and there is also a possibility of hail....
https://knews.kathimerini.com.cy/en/news/president-christodoulides-leads-cyprus-eu-initiative
President Nicos Christodoulides is currently in Strasbourg with the main objective of promoting the proposal for a more active involvement of the European Union (EU) in resolving the deadlock on the Cyprus problem and resuming talks....
https://knews.kathimerini.com.cy/en/news/cablenet-and-plume-expand-partnership-in-intelligent-connectivity-for-cyprus-homes
Cablenet and Plume joined forces once again in Nicosia to celebrate their successful collaboration and discuss plans for future expansion. The two partners in intelligent connectivity convened to review their market achievements and explore opportunities for growth....
https://knews.kathimerini.com.cy/en/comment/opinion/nicosia-real-estate-market-surges-indicating-recovery
Nicosia, the capital city, has broken free from a six-month period of stagnation, exhibiting promising signs of recovery....
https://knews.kathimerini.com.cy/en/news/$280b-lost-in-fraud-and-mismanagement-of-us-covid-relief-aid
A recent investigation conducted by the Associated Press has exposed a rampant wave of fraud and mismanagement in the distribution of federal COVID-19 relief aid in the United States....
https://knews.kathimerini.com.cy/en/news/aegean-and-cyprus-airways-join-forces-with-code-sharing-agreement
In a significant move that aims to enhance connectivity and offer improved travel options, Aegean and Cyprus Airways are preparing to announce strategic cooperation through a code-sharing agreement....
https://knews.kathimerini.com.cy/en/news/man-in-finland-fined-€121-000-for-speeding
In a surprising turn of events, a man in Finland was slapped with a jaw-dropping fine of €121,000 (~$130,000) for exceeding the speed limit by approximately 20 mph....
https://knews.kathimerini.com.cy/en/news/cyprus-takes-a-stand-for-solidarity-in-eu-immigration-reform
Minister of Interior Konstantinos Ioannou announced on Friday that Cyprus views the establishment of a mandatory solidarity mechanism as a significant development for the country....
https://knews.kathimerini.com.cy/en/business/the-holiday-scam-protecting-yourself-when-booking-online
An increasing number of individuals are opting to plan their vacations online, a trend that, as observed in previous years, carries potential risks and pitfalls. ...
https://knews.kathimerini.com.cy/en/news/former-us-based-bank-executive-to-lead-turkey-s-central-bank
Turkish President Recep Tayyip Erdogan on Friday appointed a former U.S.-based bank executive to head Turkey’s central bank, in another sign that his administration might pursue more conventional economic policies....
https://knews.kathimerini.com.cy/en/news/cyprus-banking-sector-maintains-stable-solvency-ratio
The overall solvency ratio of the Cyprus banking sector stood at 21.2% at the end of December 2022, the same as September 2022, according to data published by the Central Bank of Cyprus on Wednesday....
https://knews.kathimerini.com.cy/en/news/declining-new-loans-in-cyprus-signals-economic-shifts
In April 2023, Cyprus experienced a notable decline in new lending, as reported by the Central Bank of Cyprus. ...
https://knews.kathimerini.com.cy/en/news/weather-forecast-clouds-and-possibility-of-showers-in-the-region
We are currently experiencing weak high pressure in the region, which will result in occasional dust particles floating in the atmosphere....
https://knews.kathimerini.com.cy/en/news/cyprus-housing-prices-rise-amid-increased-demand
During the fourth quarter of 2022, housing prices in Cyprus continued their upward trend, driven by increased construction costs and higher demand....
https://knews.kathimerini.com.cy/en/news/finance-minister-warns-of-vat-consequences
With the deadlines long expired and the saga of amending the Value Added Tax Law to apply the reduced rate of 5% to specific residential square meters dragging on, Finance Minister Makis Keravnos sounds the alarm, emphasizing the palpable risk of Cyprus being taken to the European Court and fined....
https://knews.kathimerini.com.cy/en/news/cyprus-s-slow-ride-on-the-electric-car-bandwagon
We are slowly rushing towards zero-emission transportation. The data from new vehicle registrations indicate that while the numbers are increasing, the percentage of electric cars on Cypriot roads remains limited....
https://knews.kathimerini.com.cy/en/news/registered-jobless-numbers-drop-in-may-indicating-declining-unemployment
According to data from the Provincial Labour Offices, the number of registered unemployed individuals at the end of May 2023 decreased to 10,357 persons, marking a decline compared to both the previous month and May of the previous year....
https://knews.kathimerini.com.cy/en/news/380-cyta-employees-on-the-brink-of-departure
In an effort to further reduce operational expenses and renew its workforce, Cyta has implemented another voluntary employee exit plan, targeting individuals who meet specific conditions....
https://knews.kathimerini.com.cy/en/news/climate-change-and-increased-wildfires
The occurrence of the first wildfires just before we officially enter the summer period can be perceived as a warning of the danger that Cyprus faces in experiencing extreme environmental destruction from fires in the coming period....
https://knews.kathimerini.com.cy/en/news/finmin-underlines-the-importance-of-disciplined-policy
The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....
https://knews.kathimerini.com.cy/en/news/minister-highlights-progress-in-migration-management-efforts
During a recent press conference on migration, Constantinos Ioannou, the Minister of Interior, discussed the current state of asylum applications and the return of irregular migrants to their countries of origin between March and May 2023. He emphasized the government's policies and measures to address these challenges....
