https://knews.kathimerini.com.cy/en/business/the-hotspots-where-cypriots-are-headed-to-this-easter
The Easter festive period can actually be described as the vanguard of the summer holidays for Cypriots who choose to holiday outside Cyprus. ...
https://knews.kathimerini.com.cy/en/business/cyprus-navigates-economic-uncertainty-with-strong-economic-reserves
Cyprus is sitting pretty with a lot of cash in the bank, and it's good news for handling any economic bumps in the road. The government's stash of nearly €2.83 billion can cover a big chunk of its debts due in the next year....
https://knews.kathimerini.com.cy/en/news/european-airfares-hit-20-30-increase-from-2019-to-2023
Throughout the summer of 2023, air travel across Europe witnessed a significant uptick in prices, with fares soaring 20 to 30% higher compared to pre-pandemic levels in 2019, according to recent data from E data.E. released in October....
https://knews.kathimerini.com.cy/en/news/former-central-bank-governor-reflects-on-achievements-and-future-plans
In an exclusive interview with Andreas Kimitris of Kathimerini, former Cyprus Central Bank Governor Constantinos Herodotou delved into various aspects of his tenure and the hurdles encountered during his term. ...
https://knews.kathimerini.com.cy/en/news/cyprus-central-bank-sets-interest-rate-limit-at-11-42
The Central Bank of Cyprus determined the reference interest rate to be 11.42%, exercising its powers under article 314A of the Cyprus Penal Code, Cap.154, and in accordance with the provisions of the said article....
https://knews.kathimerini.com.cy/en/news/cyprus-welcomes-foreign-workers-amidst-hotel-staffing-crisis
The accord forged by the Ministry of Labour alongside employer and trade union representatives to tackle workforce shortages, especially prevalent......
https://knews.kathimerini.com.cy/en/business/hellenic-set-to-acquire-cnp-in-multimillion-euro-deal
Everything appears to be proceeding smoothly, and it seems that CNP Cyprus will soon be under the ownership of Hellenic Bank....
https://knews.kathimerini.com.cy/en/comment/opinion/spain-and-greece-face-dire-drought-conditions
“The tourism sector has to adapt to the situation we are experiencing, which is absolutely abnormal,” a member of the Catalan government told the Financial Times......
https://knews.kathimerini.com.cy/en/news/cypriot-banks-predicted-to-surpass-€1-2-billion-profits-in-2024
In a landmark year, Cypriot banks soared to unprecedented heights, boasting profits exceeding €1.1 billion in 2023....
https://knews.kathimerini.com.cy/en/business/alternative-investments-and-portfolio-diversification
In contrast to traditional investments in stocks and bonds, portfolios incorporating alternative investments have historically offered higher returns, a trend that has become more prevalent in recent years. ...
https://knews.kathimerini.com.cy/en/news/iran-israel-tensions-economists-warn-of-global-market-turbulence
As tensions simmer between Israel and Iran following recent Iranian attacks, economists are closely monitoring the potential implications for global markets....
https://knews.kathimerini.com.cy/en/news/cyprus-public-debt-declines-economic-outlook-brightens
According to a report by Panayiotis Rougalas, Cyprus is seeing a promising reduction in its public debt, with figures suggesting a return to 2019 levels....
https://knews.kathimerini.com.cy/en/news/astrobank-s-record-breaking-year-€30-4m-in-profits-for-2023
AstroBank reported Profit After Tax of €30.4 million for 2023, representing a return on equity (RoE) of 13.9%, compared with €12.2 million and RoE of 6.2% for 2022, achieving an increase on profit of 150%, mainly due to increased interest income....
https://knews.kathimerini.com.cy/en/business/what-economic-headlines-are-making-waves-this-week
Amidst a backdrop of economic shifts and global challenges, a series of key developments are shaping the financial landscape. ...
https://knews.kathimerini.com.cy/en/news/lagarde-signals-eurozone-interest-rate-drop-in-june
The President of the European Central Bank, Christine Lagarde, has hinted at the possibility of a rate cut in June, citing the need for more data......
https://knews.kathimerini.com.cy/en/news/hellenic-bank-s-pursuit-of-cnp-cyprus-uncovers-uncertainties
The exclusive negotiations between Hellenic Bank and CNP Cyprus Insurance Holdings, a subsidiary of the French insurance powerhouse CNP Assurances, have captured attention for their high stakes and strategic importance....
https://knews.kathimerini.com.cy/en/news/cbc-governor-faces-toughest-banking-challenges-yet
A new dawn breaks with the appointment of Mr. Christodoulos Patsalides as the Central Bank of Cyprus's new governor, heralding both promise and challenge....
https://knews.kathimerini.com.cy/en/news/deloitte-reveals-steady-surge-in-cyprus-real-estate-transactions
Deloitte issued the Cyprus Real Estate Review, which presents an in-depth analysis of the real estate market in 2023....
https://knews.kathimerini.com.cy/en/news/the-absence-of-accountability
The recent bout of inclement weather has brought to light a glaringly scandalous agreement between the government and a private entity. In this arrangement, ...
https://knews.kathimerini.com.cy/en/news/cyprus-records-€575-5-million-in-new-loans
Cyprus recorded a significant increase in total new loans in February, reaching €575.5 million, up from €462.7 million in the previous month. This surge was primarily driven by a notable rise in loans granted to companies, totalling approximately €130 million, according to data released by the Central Bank of Cyprus (CBC).
...
https://knews.kathimerini.com.cy/en/business/employers-call-for-tax-reform-to-spur-economic-growth
Employers are advocating for a comprehensive overhaul of the tax system, proposing significant changes aimed at boosting economic activity and competitiveness. Here's a breakdown of their proposals:...
https://knews.kathimerini.com.cy/en/news/how-russia-defies-sanctions-with-its-secret-gas-fleet
Moscow's response to Western sanctions on the Russian gas industry has revealed a strategic shift in its approach, with the creation of a 'shadow fleet' of liquefied natural gas (LNG) carriers. ...
https://knews.kathimerini.com.cy/en/business/business-loans-drop-home-loans-steady
The Central Bank of Cyprus reported on Wednesday that the net demand for corporate loans continued to decrease in the last quarter of 2023, marking a consistent downward trend since the first quarter of 2022, although at a slower pace than anticipated earlier in the year....
https://knews.kathimerini.com.cy/en/business/israeli-tax-authorities-probe-israeli-investor-activities-in-cyprus
Israeli tax authorities are investigating the extensive business activities of Israeli investors in Cyprus, as revealed by Shai Aharonovich, head of Israel's Tax Department, in a report by leading financial newspaper, Globes....
https://knews.kathimerini.com.cy/en/business/cyprus-embraces-global-investment-with-its-bond-market-debut
In April 2024, the Republic of Cyprus is gearing up to enter the international bond markets, intending to issue a Euro Medium Term Note (EMTN) bond worth 1 billion euros....
https://knews.kathimerini.com.cy/en/business/greek-and-cypriot-banks-forge-partnerships-for-regional-infrastructure-projects
The Cypriot banking sector is poised to support significant projects with regional geopolitical implications....
https://knews.kathimerini.com.cy/en/news/cyprus-a-familiar-economic-space-for-greece
In an interview conducted by Kathimerini reporter Panayiotis Rougalas, Greece's Central Bank Governor, Mr. Yiannis Stournaras, sheds light on various aspects of the country's monetary policy and economic landscape....
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/kedipes-preps-for-major-loan-sell-off-boosting-cyprus-banks
In a strategic move to streamline its assets, KEDIPES is gearing up to offload a second batch of performing loans, hot on the heels of its €58 million deal with the Bank of Cyprus....
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....
