https://knews.kathimerini.com.cy/en/business/eurozone-economic-snapshot-november-13-2023
Inflation in the Eurozone, which stood at 10.6% in October 2022, has decreased to 2.9% in October 2023, sparking optimism among central bankers....
https://knews.kathimerini.com.cy/en/business/finyard-launches-in-cyprus-providing-innovative-software-solutions-for-the-fintech-space
Finyard, an innovative software solutions provider, that helps global brands within the FinTech space offer their clients cutting-edge applications, has opened its doors in Cyprus....
https://knews.kathimerini.com.cy/en/news/electronic-ids-set-to-transform-citizen-services
Before the end of the current year, citizens and various professional groups will benefit from the use of electronic identity and electronic signatures in several government services, said Philippos Hadjizacharia, the Deputy Minister of Research, Innovation, and Digital Policy, during his speech at the 19th annual Economist Conference in Nicosia.
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https://knews.kathimerini.com.cy/en/news/central-banks-across-europe-hold-firm-amidst-rate-cut-speculations
Europe's top central bankers have affirmed that despite market expectations for a reduction due to weakening growth, interest rates will persist at elevated levels. ...
https://knews.kathimerini.com.cy/en/business/deloitte-celebrates-65-years-of-success-in-cyprus
This year marks 65 years of continuous successful presence for Deloitte in Cyprus. The company celebrated 65 years of ''making an impact that matters'' at an event held on 2 November, in the presence of all partners and staff. ...
https://knews.kathimerini.com.cy/en/news/ministries-unite-to-transform-halloumi-industry
There is a need for order, mainly regarding the conduct of inspections but also other issues related to the production and distribution of halloumi cheese, the Ministry of Commerce and the Ministry of Agriculture are trying, with George Papanastasiou and Petros Xenofontos agreeing that the management of all issues concerning the product, should be transferred to one and only ministry. And this was deemed necessary, since halloumi is now a protected designation of origin....
https://knews.kathimerini.com.cy/en/news/larnaca-soars-with-new-routes-from-british-airways-and-easyjet
The decision by British Airways to transition the Gatwick - Larnaca routes into full-time service was disclosed on social media by the Ministry of Tourism....
https://knews.kathimerini.com.cy/en/news/russian-depositor-triumphs-over-laiki-bank-s-2013-haircut
The Legal Service, on behalf of the Republic of Cyprus and the Central Bank of Cyprus (CBC), will appeal the decision of the Limassol District Court, which awarded compensation to a depositor of the former Laiki Bank for the 2013 deposit haircut, according to CNA....
https://knews.kathimerini.com.cy/en/news/seven-ways-to-boost-cyprus-economy-and-competitiveness
The Cyprus economy needs seven important pillars to respond to the increasingly volatile environment, achieve greater growth, gain a more resilient and competitive economy, and develop innovation and more growth potential, according to PwC CEO Philippos Soseilos....
https://knews.kathimerini.com.cy/en/business/championing-consumer-rights-in-the-digital-era
A Consumer Dialogue event titled "New Consumer Agenda - Challenges ahead" took place at the EU House in Nicosia, addressing critical aspects of consumer protection, consumer rights and obligations in an era marked by the challenges of digitalization and the green transition....
https://knews.kathimerini.com.cy/en/news/a-decade-ago-amazon-launching-drones-for-parcel-deliveries
Exactly a decade ago, Amazon revealed a program that aimed to revolutionize shopping and shipping. Drones launched from a central hub would waft through the skies delivering just about everything anyone could need....
https://knews.kathimerini.com.cy/en/business/how-kotsovolos-fits-into-ppc-s-master-plan
The acquisition of "Kotsovolos" propels PPC's transformation into an integrated provider of products and services, reshaping the retail electricity market. By securing "Kotsovolos," PPC gains the means to offer a comprehensive range of services, from electricity and natural gas to cutting-edge energy solutions....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-and-hellenic-bank-upgraded-by-fitch
Fitch Ratings has delivered significant upgrades to the two largest Cypriot banks, Bank of Cyprus and Hellenic Bank, signaling a positive turn in Cyprus's economic landscape and a bright outlook for both financial institutions....
https://knews.kathimerini.com.cy/en/news/fitch-upgrades-hellenic-s-long-term-rating-to-bb-with-stable-outlook
In a recent announcement, Fitch Ratings raised Hellenic Bank's long-term rating from "BB-" to "BB+" and assigned a stable outlook to the bank. The agency also upgraded the bank's Viability Rating (VR) to "bb+" from "bb-."...
https://knews.kathimerini.com.cy/en/news/cyprus-rcords-remarkable-17-4-decrease-in-registered-unemployed
In October 2023, the number of registered unemployed persons in Cyprus exhibited a significant decline, marking a 17.4% decrease, equivalent to 1,951 individuals, as reported by the Statistical Office. ...
https://knews.kathimerini.com.cy/en/business/ppc-becomes-new-owner-of-kotsovolos-in-€200-million-deal
In a significant development, PPC, the Greek energy company, has emerged as the new owner of the popular retail brand "Kotsovolos." This transition was facilitated through a deal with the British group Currys, valuing the acquisition at €200 million, entirely free from loans and lease obligations....
https://knews.kathimerini.com.cy/en/business/limassol-s-real-estate-boom-registers-€310m-in-property-sales-for-q3-2023
Ask Wire, a real estate and technology expertise company, has conducted an analysis and presented data on property sales in the Limassol district for the third quarter of 2023.
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https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-where-pizza-delivery-outpaces-the-police-and-hitmen-deliver-efficiently
I read that after the two recent murders, there are fears of a vendetta and further bloodshed. But don't worry people. Our police have no such information, so we can all sleep soundly. ...
https://knews.kathimerini.com.cy/en/news/private-labels-dominate-market-as-e-kalathi-falters
Disagreements over the specifics and philosophy of the bill concerning the creation of the e-kalathi electronic platform have led to an ongoing debate in the House Commerce Committee.
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https://knews.kathimerini.com.cy/en/news/€16-billion-in-energy-investments-for-2021-2030
Cyprus' investment footprint in the energy sector is small but not insignificant, with expected investments in the sector amounting to over €16 billion for the decade 2021-2030, experts said at the third and fourth sessions of the 11th energy symposium, organised by FMW and the Institute of Energy of South East Europe in Nicosia on Tuesday....
https://knews.kathimerini.com.cy/en/news/cyprus-airways-say-bonjour-with-its-new-nice-route
Cyprus Airways is set to launch a new route to and from Nice on December 12, announced by the airline's Commercial Director, Christos Limnatitis, during an interview on DIASPORA NEWS on the SPOR FM channel....
https://knews.kathimerini.com.cy/en/business/a-cheesy-dilemma-as-halloumi-faces-new-market-challenges
Amid renewed discussions on the PDO halloumi milk quota, a fresh challenge has emerged for producers and the competitiveness of the product. The market now sees products labeled as ''grilled cheese,''...
https://knews.kathimerini.com.cy/en/news/halloumi-talks-continue-as-stakeholders-seek-common-ground
In a meeting lasting over four hours on Monday evening at the Agricultural Research Institute in Aglandjia, discussions on the issue of halloumi concluded with a concise announcement from the Ministry. It was decided to continue talks with different stakeholder groups individually....
https://knews.kathimerini.com.cy/en/business/ministry-secures-€245-million-boost-for-business-growth-in-2027
A total of €245 million has been secured by the Ministry of Energy, Commerce and Industry for the new programming period up to 2027, which will be made available to businesses through targeted grant plans with an emphasis on absorbing and utilising as many resources as possible from European Funds, including the Recovery and Resilience Fund, Energy Minister George Papanastasiou said on Friday, speaking at the General Electoral Assembly of the Paphos Chamber of Commerce and Industry....
https://knews.kathimerini.com.cy/en/news/greece-and-cyprus-key-to-evacuation-plans-for-us-citizens-in-israel
Key to the emergency plans devised by the United States and other Western nations for evacuating their citizens from Israel are Greece and Cyprus. ...
https://knews.kathimerini.com.cy/en/business/october-newsletter-of-k-treppides-co-ltd-financial-conduct-authority-fca
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/techisland-launches-marcomms-community
TechIsland, Cyprus’ largest tech association with over 270 members, is set to launch a new professional group, the TechIsland MarComms Community. This initiative is aimed at fortifying the marketing and communications sector in the country’s rapidly evolving tech industry....
https://knews.kathimerini.com.cy/en/news/the-toxic-side-of-cyprus-mushroom-gathering
Mushroom enthusiasts in the mountainous regions of Cyprus have been treated to a bountiful mushroom-picking season thanks to the satisfactory rains of October....
https://knews.kathimerini.com.cy/en/news/cyprus-grapples-with-alarming-gaps-in-youth-employment-and-basic-skills
The Chairman of the Parliamentary Committee on Labour, Welfare and Social Security, Andreas Kafkalias, expressed concern over the gaps in basic skills and the high percentage of young people not in employment, education, or training (14.7%) in Cyprus. ...
https://knews.kathimerini.com.cy/en/news/7-000-tons-of-halloumi-on-the-brink
Official Ministry of Agriculture data have unveiled a critical situation in the halloumi production industry, a beloved and essential product in Cyprus....
