https://knews.kathimerini.com.cy/en/news/ecb-considers-rate-cut-despite-falling-inflation
The European Central Bank is set to keep interest rates at record highs on Thursday and take baby steps towards cutting them in the coming months as inflation continues to fall despite stubbornly high underlying price pressures....
https://knews.kathimerini.com.cy/en/news/fuel-prices-soar-consumers-brace-for-double-blow
Fuel prices are on an upward trajectory week by week, with an approximate increase of 13 cents per liter. Speaking to Oriana Papantoniou on Diaspora News, Spor FM, Christodoulos Christodoulou,...
https://knews.kathimerini.com.cy/en/news/turkey-s-february-inflation-hits-67-07-raises-policy-concerns
Turkey's annual inflation rate surged to 67.07% in February, surpassing expectations and sustaining pressure for a stringent monetary policy. Finance Minister Mehmet Simsek acknowledged that inflation would remain high in the coming months due to base effects and the delayed impact of previous rate hikes....
https://knews.kathimerini.com.cy/en/news/inflation-and-new-markets-propel-spending-close-to-€3-billion-in-2023
Just before the end of last summer, economic analysts' projections for 2023 tourism revenue were nearing a record close to €3 billion. ...
https://knews.kathimerini.com.cy/en/news/central-bank-predicts-2-2-gdp-growth-in-2023
The Central Bank of Cyprus (CBC) expects GDP growth of 2.2% in 2023, compared to significant growth of 5.1% in 2022, while for the years 2024-26 it expects GDP growth of 2.6%, 3.1% and 3.2%, respectively....
https://knews.kathimerini.com.cy/en/business/ceos-globally-forecast-increase-in-revenues-profits-and-deal-making-in-2024-as-business-transformation-moves-up-the-agenda
CEOs are optimistic about their ability to drive revenue growth and profitability in 2024 despite global economic headwinds, according to the latest EY CEO Outlook Pulse survey....
https://knews.kathimerini.com.cy/en/news/government-faces-backlash-over-officials-salary-surge
In a significant move, a deal signed on July 28, 2017, not only marked the revival of the institution but also propelled the salaries of officials to new heights.
...
https://knews.kathimerini.com.cy/en/news/european-parliament-honors-navalny-amidst-food-inflation
The European Parliament will commemorate the life of Russian activist Alexei Navalny, featuring an address by his wife, Yulia Navalnaya, in its plenary session this week in Strasbourg......
https://knews.kathimerini.com.cy/en/news/cyprus-economy-2024-ktrends-reveals-challenges-and-successes
Delving into the latest findings from the 6th wave of ''Ktrends'' research by ''Kathimerini'' newspaper unveils a multifaceted picture of Cyprus's economic landscape in January 2024. ...
https://knews.kathimerini.com.cy/en/news/netherlands-tops-global-pension-charts
A recent analysis by the Mercer CFA Institute has identified European nations as leaders in global pension systems. The Netherlands secures the top spot in the rankings, with Iceland and Denmark following closely behind....
https://knews.kathimerini.com.cy/en/news/eu-unveils-stricter-fiscal-rules-for-member-states
The European Commission has introduced new fiscal rules aimed at promoting growth and financial discipline among member states. The framework, ...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-posts-nearly-half-a-billion-euro-profit-in-2023
Bank of Cyprus reported a robust profit of €487 million for the fiscal year 2023, as announced by Group CEO Panicos Nikolaou during the presentation of the bank's financial results....
https://knews.kathimerini.com.cy/en/news/cyprus-development-expenditure-2023-surpasses-€1b
The realization of state budget development expenditure in 2023 reached 72% compared to 70% in 2022 and the average of 69% over the last decade, according to a Treasury report released on Wednesday....
https://knews.kathimerini.com.cy/en/business/4-february-newsletter-of-k-treppides-co-ltd-cysec
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...
https://knews.kathimerini.com.cy/en/business/3-february-newsletter-of-k-treppides-co-ltd-cysec
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....
https://knews.kathimerini.com.cy/en/news/housing-costs-rise-apartments-jump-11-1-in-2024
House and apartment rents went up 8% and 11.1%, respectively, over the year in the fourth quarter of 2024, according to the Ask Wire Index. At the same period, house and apartment values rose 3% and 8.8% respectively over the year....
https://knews.kathimerini.com.cy/en/news/electricity-subsidy-extends-to-vulnerable-consumers-until-february-s-end
With its metaphorical ''finger on the trigger,'' the Ministry of Finance is vigilantly tracking the anticipated surges in the current....
https://knews.kathimerini.com.cy/en/news/1-cyprus-grapples-with-impending-price-increases-in-appliances
Another category of products faces potential price hikes, with household appliances such as refrigerators, washing machines, and televisions expected to experience increases in the near future. ...
https://knews.kathimerini.com.cy/en/business/dedicated-checkpoint-lane-eases-travel-for-students-and-enclaved
A dedicated lane has been established at the Ayios Dometios checkpoint in Nicosia to streamline the travel process for students residing in Turkish-occupied areas attending school in the government-controlled regions of the Republic, ...
https://knews.kathimerini.com.cy/en/news/european-central-bank-considers-rate-cut-spanish-governor-suggests
The European citizens should know that that the European Central Bank’s next move will be a rate cut, Governor of the Bank of Spain and ECB Governing Council member......
https://knews.kathimerini.com.cy/en/news/is-dining-out-turning-luxurious
It's no secret that our favorite cafes and fast-food joints are becoming increasingly expensive, leaving a bitter taste in the mouths of consumers. The recent surge in prices, fueled by the relentless march of inflation, is reshaping our spending habits and challenging our wallets....
https://knews.kathimerini.com.cy/en/news/consumer-alerts-raised-over-potential-fuel-price-hikes
Konstantinos Karagiorgis, Director of the Consumer Protection Service, emphasized the importance of factual justification for price increases during an interview with CNA....
https://knews.kathimerini.com.cy/en/news/biden-praises-job-growth-declares-us-economy-strongest-in-the-world
President Joe Biden lauded the robust jobs report released on Friday, touting it as evidence of the United States possessing the world's strongest economy....
https://knews.kathimerini.com.cy/en/news/interest-rates-extended-borrowers-face-dilemma
Last Thursday, the European Central Bank (ECB) opted to maintain interest rates, extending the uncertainty for borrowers regarding their loans and repayments....
https://knews.kathimerini.com.cy/en/business/businesses-fear-global-tax-reform-will-lead-to-double-taxation
Global tax reform, ineffective use of technology and economic uncertainty are putting significant strain on business’ transfer pricing (TP) capabilities, according to the 2024 EY International Tax and Transfer Pricing Survey....
https://knews.kathimerini.com.cy/en/news/germany-s-model-links-retirement-age-to-life-expectancy
The consequences of an aging population have for many years been a headache for many countries, including Greece, and have provoked opposition from many politicians and public opinion,...
https://knews.kathimerini.com.cy/en/business/1-january-newsletter-of-k-treppides-co-ltd-cysec
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....
https://knews.kathimerini.com.cy/en/business/japanese-shipping-giants-halt-red-sea-routes-amid-rising-security-concerns
In a significant development, Japan's three major shipping companies, Nippon Yusen, Kawasaki Kisen Kaisha, and Mitsui O.S.K Lines, have suspended navigation through the Red Sea due to ongoing Houthi rebel attacks on vessels....
https://knews.kathimerini.com.cy/en/news/economic-snapshot-3-9-rise-in-consumer-prices
The Harmonized Index of Consumer Prices showed a 1.9% increase in December 2023 compared to the same month in 2022, but experienced a 1.2% decrease compared to the previous month....
https://knews.kathimerini.com.cy/en/news/makis-keravnos-voices-concerns-over-geopolitical-developments
The global supply chain disruption and its economic impact on Europe and the world have raised concerns among Europeans....
