https://knews.kathimerini.com.cy/en/news/cbc-to-keep-dividends-low-despite-bank-profits
The increased profitability of Cypriot banks, will not affect the supervisory authorities’ views over the necessity to maintain a prudent policy with respect to banks’ dividend payments, the Central Bank of Cyprus said in its annual report for 2023, published on Wednesday....
https://knews.kathimerini.com.cy/en/business/cyprus-airways-launches-direct-flights-to-barcelona
Cyprus Airways is excited to announce the launch of its new direct flights from Larnaca to Barcelona, commencing on the 3rd of July. This new route will operate twice weekly, on Wednesdays and Sundays, providing passengers with a convenient and comfortable travel option to one of Europe's most vibrant cities....
https://knews.kathimerini.com.cy/en/business/dior-bags-assembled-for-€53-sold-at-€2-600
Italian authorities have uncovered stark realities behind the glitz of fashion catwalks and luxury boutiques during recent raids on local factories and workshops involved in the production of Dior and Armani handbags....
https://knews.kathimerini.com.cy/en/news/cabinet-expands-subsidies-for-infertility-treatment
The Cyprus Cabinet has greenlit an amended plan that significantly enhances subsidies for infertility treatment, Health Minister Michael Damianos announced Tuesday....
https://knews.kathimerini.com.cy/en/news/fitch-elevates-hellenic-bank-s-credit-rating
Fitch Ratings has upgraded Hellenic Bank's Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+', with stable outlook and its Viability Rating (VR) to 'bbb-' from 'bb+'.
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https://knews.kathimerini.com.cy/en/news/government-halts-heavy-industry-in-vasilikos
The Cypriot government has granted a long-standing request from the Vasilikos area's coordinating committee, prohibiting further heavy industry licensing in the region....
https://knews.kathimerini.com.cy/en/news/us-pushes-for-equal-religious-access-across-cyprus
Representatives of the U.S. Embassy met with officials from the Ministries of Interior, Foreign Affairs, and Justice of the Republic of Cyprus to discuss religious......
https://knews.kathimerini.com.cy/en/comment/opinion/why-building-a-home-is-rare-today
As discussed in our previous article, the housing landscape in our country is changing, with home ownership rates decreasing and aligning with the European average. ...
https://knews.kathimerini.com.cy/en/news/neville-brody-embrace-difficulty-question-everything
Renowned graphic designer Neville Brody, a pioneer in visual communication, will deliver the commencement address at the University of Nicosia, where he will also receive an honorary doctorate from the Faculty of Humanities and Social Sciences....
https://knews.kathimerini.com.cy/en/news/cyprus-condemns-russian-media-ban-defends-press-freedom
The Russian government's recent decision to block access to more than 80 media outlets, including three based in Cyprus, starkly undermines democratic principles and the pluralism that supports them, according to a statement by Cypriot government spokesman Konstantinos Letymbiotis....
https://knews.kathimerini.com.cy/en/news/eurobank-gains-green-light-for-100-acquisition-of-hellenic-bank
The Cyprus Securities and Exchange Commission (the “CySEC”) approved on 25 June 2024, the publication of the Takeover Bid Document for the acquisition by Eurobank S.A. of up to 100% of the issued share capital of Hellenic Bank, whose shares are listed on the Main Market of the Cyprus Stock Exchange (“CSE”).
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https://knews.kathimerini.com.cy/en/news/cyprus-has-a-long-way-to-go-when-it-comes-to-ev-s
Cyprus lags behind the rest of the European Union in the adoption of battery electric vehicles (BEVs), according to data from the European Alternative Fuels Observatory (EAFO). While growth is noted and targets seem achievable, the country's rate of electric car use remains among the lowest in the EU....
https://knews.kathimerini.com.cy/en/business/paphos-polis-road-project-faces-uncertain-future
The long-awaited road project connecting Paphos to Polis Chrysochous, which began in May 2021, faces significant delays and potential abandonment. ...
https://knews.kathimerini.com.cy/en/comment/opinion/fidias-impact-on-cyprus-social-media-scene
The Cypriot public, particularly on social media, often reacts strongly to viral content, especially when it touches on political, social, or identity issues....
https://knews.kathimerini.com.cy/en/news/british-teen-becomes-world-s-first-to-receive-brain-implant-for-epilepsy-control
A UK teenager with severe epilepsy has become the first person in the world to be fitted with a brain implant aimed at bringing seizures under control....
https://knews.kathimerini.com.cy/en/news/apple-introduces-ai-but-only-for-iphone-15-pro-users
After nearly two years of anticipation, Apple has finally entered the artificial intelligence (AI) race....
https://knews.kathimerini.com.cy/en/news/donald-sutherland-dead-at-88
Donald Sutherland, the tall, lean, and long-faced Canadian actor renowned for his roles in films such as “The Dirty Dozen,” “MASH,” “Klute,” and “Don’t Look Now,” died Thursday in Miami after a long illness, according to his representatives at CAA. He was 88....
https://knews.kathimerini.com.cy/en/news/north-korea-and-russia-promise-to-defend-each-other-if-attacked
North Korea and Russia have signed a landmark defense pact, committing to provide immediate military assistance to each other if either country is attacked....
https://knews.kathimerini.com.cy/en/news/cyprus-cuts-migrant-arrivals-by-50-earns-european-praise
Cyprus continues to grapple with a significant migration challenge, a situation that has evolved into a complex and multifaceted issue. ...
https://knews.kathimerini.com.cy/en/news/cyprus-lags-in-access-to-cutting-edge-medicines
Cyprus falls behind in patient access to innovative medicines compared to other EU and EEA countries, ranking 23rd out of 36 nations, according to a survey by the European Federation of Pharmaceutical Industries and Associations (EFPIA)....
https://knews.kathimerini.com.cy/en/news/ft-biden-eases-path-to-citizenship-for-500-000-undocumented-spouses
President Joe Biden is set to announce a major reform to U.S. immigration policy, offering up to 500,000 undocumented spouses of American citizens an easier path to legal status and U.S. citizenship. ...
https://knews.kathimerini.com.cy/en/business/the-$10-billion-plan-to-rebuild-cyprus-s-ghost-town
The Turkish newspaper Sözcü has drawn attention to Varosha, an abandoned area in Famagusta, calling it the "Las Vegas of the Mediterranean." The paper says it would take $10 billion to bring the ghost town back to life after being abandoned for 50 years....
https://knews.kathimerini.com.cy/en/news/new-global-report-launched-at-global-family-business-summit
The Global Family Business report from KPMG Private Enterprise and the STEP Project Global Consortium reveals how some successful business families adopt a future-centric view of legacy that binds generations together, creating dynamic legacies that adhere with tradition while simultaneously embracing innovation...
https://knews.kathimerini.com.cy/en/news/1-bean-bar-makes-our-summer-cooler-with-a-trilogy-of-fresh-juices
Summer is already upon us and along with a carefree mood, it brings us a need for refreshing, light and healthy flavours. Bean Bar has made its presence felt yet again this summer, with a unique, limited-time trilogy of natural juices, that aim to lift consumers’ spirits, by offering cool vibes and a positive energy!...
https://knews.kathimerini.com.cy/en/business/eurobank-increases-stake-in-hellenic-bank-to-55-48
Eurobank's share in Hellenic Bank has increased to 55.48%, after the latest acquisition of 240.303 shares, for €0.62 million....
https://knews.kathimerini.com.cy/en/business/eurobank-boosts-stake-in-hellenic-bank-with-over-500-000-shares
Eurobank has acquired 503,934 more shares in Hellenic Bank, for the cost of €1.29 mn, increasing its share at 55.42%....
https://knews.kathimerini.com.cy/en/news/cyprus-prepares-for-major-local-government-reform
The June 9 elections mark the final step before the significant milestone on July 1, 2024, when a new local government structure will be established in Cyprus, Apostolos Tomaras reports. ...
https://knews.kathimerini.com.cy/en/news/heatwave-forces-classes-outdoors-due-to-lack-of-air-conditioning
As Cyprus endures a sweltering heatwave with temperatures reaching 45 degrees Celsius, public school teachers have been forced to hold classes outdoors due to the lack of air conditioning. The extreme heat has rendered classrooms unbearable, prompting educators to seek any available shade....
https://knews.kathimerini.com.cy/en/news/heatwave-pushes-cyprus-electricity-to-the-limit
As temperatures soar in Cyprus, the nation is gearing up for a significant spike in electricity demand, officials say....
https://knews.kathimerini.com.cy/en/news/turkey-greece-relations-could-improve-but-cyprus-policy-stays-the-same
Turkish Cypriot leader Ersin Tatar emphasized that while relations between Turkey and Greece have the potential to bring mutual benefits, Turkey’s policy on Cyprus remains unchanged. ...
