https://knews.kathimerini.com.cy/en/news/how-the-consumer-pocket-faces-a-perfect-economic-storm
The uncertainty and the intense upheavals in the global supply chain continue....
https://knews.kathimerini.com.cy/en/news/faster-approvals-in-just-90-days-deputy-minister-reveals
The average processing time for the guaranteed minimum income (GMI) applications has been reduced by 75%, from 12 months to 90 days, the Deputy Minister of Social Welfare, Marilena Evangelou, said during a press conference on the modernisation and upgrade of the GMI....
https://knews.kathimerini.com.cy/en/news/police-arrested-for-leaking-mafia-style-execution-video
Two officers of the police’s motorcycle division were arrested on Monday for leaking a video showing the body of a man who was gunned down in a mafia-style execution in the Athens suburb of Neos Kosmos in the early hours of Sunday....
https://knews.kathimerini.com.cy/en/news/central-bank-chief-cautions-on-early-rate-cuts-amid-global-tensions
Central Bank Governor and European Central Bank (ECB) member Constantinos Herodotou stated that discussions regarding interest rate reductions are premature, given ongoing geopolitical conflicts and potential disruptions in the supply chain arising from tensions in the Red Sea....
https://knews.kathimerini.com.cy/en/news/ceo-predicts-price-drops-for-homes-over-500k-euros
In the latest property data, the real estate landscape in Cyprus paints a picture of continuous growth, particularly in the apartment sector. However, a closer look reveals a potential plateau in the high-end market, specifically for properties priced at 500 thousand euros and above....
https://knews.kathimerini.com.cy/en/news/forty-percent-of-global-jobs-face-disruption-because-of-ai
Artificial intelligence (AI) is poised to reshape the global job market, potentially affecting 40% of jobs worldwide, according to the head of the International Monetary Fund (IMF), Kristalina Georgieva....
https://knews.kathimerini.com.cy/en/business/big-news-new-eu-data-rules-give-you-more-control
In a significant development, the European Union's Data Act officially came into force today, ushering in a new era for data access and privacy in the EU market. ...
https://knews.kathimerini.com.cy/en/news/europe-faces-weak-growth-amid-global-uncertainty
In a comprehensive survey released today, leading economists express apprehension about the global economy, anticipating a year of sluggish growth, primarily attributed to geopolitical conflicts, challenging financing conditions, and the impact of artificial intelligence. ...
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....
https://knews.kathimerini.com.cy/en/news/houthi-strikes-send-prices-soaring-in-global-trade
In recent weeks, the developments in the Red Sea, with the Houthi attacks on commercial ships and their impact on global trade, have dominated the discussions of suppliers with their partners....
https://knews.kathimerini.com.cy/en/news/greek-millionaire-s-$2m-gift-transforms-village
In a surprising twist of fate, the legacy of a frugal Greek millionaire, Steven Zonas, unfolded in 1980, revealing a hidden fortune that transformed his native village, Mexiates in Phthiotis, Greece....
https://knews.kathimerini.com.cy/en/news/apple-stocks-dip-as-microsoft-claims-market-crown
In a noteworthy development, Microsoft has eclipsed Apple in market capitalization, marking the first time since late 2021....
https://knews.kathimerini.com.cy/en/news/putting-the-new-macan-through-its-paces-in-the-name-of-performance-and-efficiency
Porsche is putting the prototype of the all-electric Macan through an exacting and gruelling test programme to prepare the follow-up to the successful SUV for its upcoming world premiere. ...
https://knews.kathimerini.com.cy/en/news/houthi-rebels-reject-us-maritime-shield-typhoon-aircraft-take-off-from-akrotiri
As the sun sets over the Akrotiri base in Cyprus, a celestial dance unfolds. Two pairs of Typhoon FGR4 aircraft, gracefully reported by British TV channels, take flight....
https://knews.kathimerini.com.cy/en/business/ey-cyprus-releases-the-cyprus-tax-facts-guide-2024
EY Cyprus is delighted to announce the release of the latest edition of the Cyprus Tax Facts guide for the year 2024....
https://knews.kathimerini.com.cy/en/news/cyprus-real-estate-booms-in-q3-2023
Cyprus experienced a real estate boom in the third quarter of 2023, with housing prices soaring and a surge in demand from both domestic and foreign buyers, according to data released by the Central Bank of Cyprus (CBC) on Wednesday....
https://knews.kathimerini.com.cy/en/news/president-reveals-higher-education-upgrade-by-may
The comprehensive strategy for the reorganization and improvement of Higher Education is due to be published by May the latest, said the President of Cyprus......
https://knews.kathimerini.com.cy/en/news/mitsotakis-unveils-stance-on-same-sex-marriage
He opened his cards on the issue of same-sex marriage, which has caused a lot of discussion, yesterday the Prime Minister Kyriakos Mitsotakis......
https://knews.kathimerini.com.cy/en/news/reclaiming-700-000-vacant-homes-could-ease-greece-s-housing-crisis
The return to the real estate market of at least 700,000 homes that are currently closed or have stood empty for a number of years could play a key role in addressing Greece’s housing crisis....
https://knews.kathimerini.com.cy/en/news/cyprus-names-digital-security-authority-as-cybersecurity-hub
The Digital Security Authority has been appointed as the National Cybersecurity Certification Authority (NCCA) in the Republic of Cyprus, which aims to contribute towards Cyprus’ aim to become a regional hub for cybersecurity services, a press release said on Tuesday....
https://knews.kathimerini.com.cy/en/news/cyprus-and-uk-businesses-join-forces-in-new-strategic-partnership
The Cyprus Organization for Standardization and the Great Britain-Cyprus Business Association (GBCY) have announced a new strategic collaboration....
https://knews.kathimerini.com.cy/en/business/january-newsletter-of-k-treppides-co-ltd-eiopa
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. A newsletter issue from Treppides is an essential tool for those who are engaged in the broader financial and business sector, as one can find through the pages all the important and current developments, as well as the latest news relating to financial, audit and assurance, tax as well as legal services....
https://knews.kathimerini.com.cy/en/business/79-jump-in-consumer-complaints-this-year
In a substantial leap from 2022, the Cyprus Consumer Association reports a noteworthy spike in four complaint categories in 2023....
https://knews.kathimerini.com.cy/en/business/aging-global-shipping-fleet-raises-environmental-concerns
The global shipping fleet has reached its oldest average age in nearly 15 years, a concerning trend as the industry faces mounting pressure to adopt greener practices....
https://knews.kathimerini.com.cy/en/comment/opinion/journalism-is-also-a-job-like-any-other
Since 2009, when I began working full-time in this field, I've observed the media landscape in Cyprus undergo multiple crises. From the advertising downturn following the 2008 global financial crisis—which didn't directly impact Cyprus—to dwindling sales due to the rise of the internet and social media, and further exacerbated by the banking sector's subsequent turmoil and business closures....
https://knews.kathimerini.com.cy/en/news/cabinet-approves-free-preschool-for-4-year-olds
The Council of Ministers today greenlit the expansion of free pre-primary education for 4-year-olds, announced Education Minister Athina Michaelidou following the conclusion of the Cabinet meeting....
https://knews.kathimerini.com.cy/en/news/tension-peaks-in-cyprus-natural-gas-development
The development of the Natural Gas network of Cyprus has become a tangled mess, as after the delays in the schedules......
https://knews.kathimerini.com.cy/en/news/are-seasonal-sellers-really-hot-or-cold
Stephanos Koursaris, the Secretary-General of the Pancyprian Organization of Craftsmen, Professionals, and Shopkeepers (POVEK), spoke on 'SPOR FM 95.0' and the show 'DIASPORA NEWS' about the movement of markets during the holidays and the discounts.
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https://knews.kathimerini.com.cy/en/business/europe-tightens-rules-on-short-term-rentals-for-sustainable-tourism
The noose has tightened for short-term rentals within European territory, i.e. ''Airbnb'' and other well-known platforms. The aim of the new three rules from the European institutions is to promote more sustainable tourism,...
https://knews.kathimerini.com.cy/en/life/veganism-from-fringe-movement-to-global-phenomenon
The launch of Burger King's Impossible Whopper in 2019 was a 'pinch me' moment for longtime vegan advocate Toni Vernelli....
