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28 March, 2024
 

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Displaying results 1-30 of 62 matches for query macroeconomic.

1. European Commission flags trade risks for Cyprus economy

https://knews.kathimerini.com.cy/en/news/european-commission-flags-trade-risks-for-cyprus-economy

The Cypriot economy is on a sound footing due to solid economic growth and declining inflation, but its high integration with EU and non-EU economies make geopolitical and trade tensions......

2. ECB considers rate cut despite falling inflation

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....

3. Central Bank predicts 2.2% GDP growth in 2023

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....

4. CEOs globally forecast increase in revenues, profits and deal making in 2024, as business transformation moves up the agenda

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....

5. Electricity subsidy extends to vulnerable consumers until February's end

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....

6. Makis Keravnos voices concerns over geopolitical developments

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....

7. Can Cyprus withstand yet another crisis?

https://knews.kathimerini.com.cy/en/comment/opinion/can-cyprus-withstand-yet-another-crisis

The recent Houthi attacks on commercial vessels navigating the Red Sea have triggered another disturbance in the intricate web of the global supply chain...

8. Dr. Anastasatos forecasts bright future for Cyprus economy

https://knews.kathimerini.com.cy/en/news/dr-anastasatos-forecasts-bright-future-for-cyprus-economy-in-candid-interview

Eurobank group's chief economist, Dr Tasos Anastasatos, expresses optimism about the Cyprus economy, emphasizing that the decision to expand the group's banking presence in Cyprus is linked to these positive economic prospects....

9. Cyprus tax reform targets green initiatives and economic revitalization

https://knews.kathimerini.com.cy/en/news/cyprus-tax-reform-targets-green-initiatives-and-economic-revitalization

By March 2024, the initial six phases of the tax transformation project commissioned by the Ministry of Finance to the Centre for Economic Research of the University of Cyprus will conclude,...

10. Finance Ministry undergoes administration overhaul

https://knews.kathimerini.com.cy/en/news/finance-ministry-undergoes-administration-overhaul

11. EY Cyprus redefines corporate reporting landscape at 3rd annual insights event

https://knews.kathimerini.com.cy/en/business/ey-cyprus-redefines-corporate-reporting-landscape-at-3rd-annual-insights-event

EY Cyprus organised its 3rd Annual Corporate Reporting Insights event titled ‘Connectivity: Reforming Corporate Reporting.’ ...

12. Cyprus gets BBB+ boost in latest ratings, but challenges persist

https://knews.kathimerini.com.cy/en/business/cyprus-gets-bbb-boost-in-latest-ratings-but-challenges-persist

The German Scope Ratings have given a positive sign for Cyprus by upgrading the country to BBB+ last Friday from the previous BBB while keeping the outlook of the economy stable. ...

13. Cyprus banks bracing for profit squeeze according to Moody's

https://knews.kathimerini.com.cy/en/business/cyprus-banks-bracing-for-profit-squeeze-according-to-moody-s

Moody's believes that Cyprus' small and saturated banking sector, the banks' limited loan portfolio, and low fee and commission income will restrict opportunities for growth in domestic banks' activities and profitability in the long term....

14. Cyprus banks secure Moody's upgrade to investment status

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....

15. Real estate boom in Greece and Cyprus

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....

16. Focus on growth, employment control, and surplus in the 2024 budget

https://knews.kathimerini.com.cy/en/news/focus-on-growth-employment-control-and-surplus-in-the-2024-budget

The 2024 state budget to be tabled to the Council of Ministers for approval next week will have three key characteristics, Minister of Finance Makis Keravnos told CNA....

17. CEO confidence in artificial intelligence tempered by social, ethical and security risks

https://knews.kathimerini.com.cy/en/business/ceo-confidence-in-artificial-intelligence-tempered-by-social-ethical-and-security-risks

CEOs globally are embracing opportunities created by AI, but also remain wary of unknown, unintended consequences, according to the findings of the latest EY CEO Outlook Pulse survey. ...

18. Frontex predicts increased migration from Turkey

https://knews.kathimerini.com.cy/en/news/frontex-predicts-increased-migration-from-turkey

Cyprus and Greece are likely to face “increased migration activity’’ from Turkey in the period 2023/2024, EU border agency Frontex says in a risk analysis, published on Monday....

19. Money blues: Why's the economy going South?

https://knews.kathimerini.com.cy/en/news/cyprus-money-blues-why-s-the-economy-going-south

"Currency developments validate predictions made some time ago. The high interest rate environment will be a new reality accompanying us for several years," former Minister of Finance Constantinos Petrides stated in a post on the platform 'X'....

20. Strongest work-from-home rights for Australians

https://knews.kathimerini.com.cy/en/news/strongest-work-from-home-rights-for-australians

Before COVID-19 sent one-third of the global workforce home, the Melbourne property surveyor that employs drone operator Nicholas Coomber called its 180-strong staff into the office every day at 9 a.m. to hand out assignments....

21. ECB dilemma with core inflation at 5.5%

https://knews.kathimerini.com.cy/en/news/ecb-dilemma-with-core-inflation-at-5-5

The European Central Bank (ECB) is almost certain to raise interest rates by 25 basis points in its meeting tomorrow, though what happens next is unclear....

22. Loan demand in Cyprus falls, interest rates rise

https://knews.kathimerini.com.cy/en/news/loan-demand-in-cyprus-falls-interest-rates-rise

The Cypriot banking institutions are holding a small basket for demand in new loans....

23. European stocks rally on hope of interest rate peak

https://knews.kathimerini.com.cy/en/news/european-stocks-rally-on-hope-of-interest-rate-peak

Eurozone inflation fell more than expected to 5.5 percent in June, its lowest rate since the start of last year, but a slight rebound in core consumer price growth tempered any relief for policymakers....

24. Christodoulides' pledge to safeguard Cyprus' reputation

https://knews.kathimerini.com.cy/en/news/christodoulides-pledge-to-safeguard-cyprus-reputation

President of the Republic Nikos Christodoulides has stressed that the government will not allow a very small minority of people in the country to tarnish Cyprus' reputation, which was built after many years of effort....

25. IMF says Cyprus untouched by war fallout

https://knews.kathimerini.com.cy/en/news/imf-says-cyprus-untouched-by-war-fallout

The economy of Cyprus is expected to slow to around 2.5% in 2023, reflecting an erosion in household incomes, tighter financial conditions, and delayed impacts from sanctions against Russia, International Monetary Fund forecasts, after the conclusion of the Article IV consultation with Cyprus...

26. Central Bank governor projects higher economic growth for 2023

https://knews.kathimerini.com.cy/en/news/central-bank-governor-projects-higher-economic-growth-for-2023

On Tuesday, Constantinos Herodotou, the Governor of the Central Bank of Cyprus, announced that the Cypriot economy is projected to grow in 2023 at a higher rate than the Eurozone average. ...

27. CBC estimates GDP growth at 2.6% in 2023

https://knews.kathimerini.com.cy/en/business/cbc-estimates-gdp-growth-at-2-6-in-2023

The Central Bank of Cyprus (CBC) has marginally upgraded its projections for GDP growth this year citing the slightly improved prospects in the external economic environment and the anticipated lower energy prices, amid the continued war in Ukraine....

28. Akamas compensation guidelines poses risks, says Finance Minister

https://knews.kathimerini.com.cy/en/news/akamas-compensation-guidelines-poses-risks-says-finance-minister

"The guidelines for compensating landowners in Akamas for the loss of land value they have incurred and providing assistance to the neighborhood are speculative and ill-defined....

29. EY presents report on the Future of Banking in Cyprus

https://knews.kathimerini.com.cy/en/business/ey-presents-report-on-the-future-of-banking-in-cyprus

The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...

30. Banks are revising lending rates

https://knews.kathimerini.com.cy/en/business/banks-are-revising-lending-rates

Cypriot banks are preparing new loan rates in an effort to redesign the pricing of loans. In the first half of 2023, Cypriot banks will see significant changes in the pricing of new loans, accompanied by increases in interest rates, ...

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