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1. Tariffs, reforms, and rate cuts: 2025’s economic balancing act

As we look ahead to 2025, experts at UBS are forecasting steady global economic growth, but not without a few bumps along the way....

2. ECB announces final rate cut for 2024

The European Central Bank (ECB) has announced a 25 basis point reduction in interest rates, marking the fourth consecutive cut for 2024....

3. Moody’s Nick Hill on financial risks and opportunities for 2025

In an insightful conversation with Kathimerini's Panayiotis Rougalas, Nick Hill discusses the key macroeconomic risks and opportunities facing the region in 2025....

4. Sense of optimism surrounds roadblock talks

5. Geopolitical turbulence presents a looming threat to 2025 economic growth

Speaking at the 20th Economist Conference in Nicosia, Nick Hill highlighted the macroeconomic and geopolitical challenges shaping the global financial environment....

6. Cyprus receives major credit rating boost from Moody’s

Last Friday, Moody’s delivered a major endorsement of Cyprus’ economic progress, upgrading its credit rating by two notches, from Baa2 to A3, with a stable outlook, according to a report by Panayiotis Rougalas. ...

7. Geoeconomic tensions and Cyprus: Staying the course amid challenges ahead

Geoeconomic fragmentation, the reversal of progress towards global economic and financial integration due to political and military conflict and strategic policy decisions, is rising....

8. Severe weather hits Limassol, floods and landslides reported

Intense weather conditions have hit the Limassol District since last night, causing significant disruptions. Heavy rainfall has led to flooding, particularly in areas like Parekklisia,...

9. Rising food prices leave Cypriot households struggling

A recent survey reveals that consumers in Cyprus are increasingly worried about their financial future, as rising food costs and economic challenges weigh heavily on households....

10. DBRS Morningstar: Cyprus shows strong recovery in tackling bad loans

Cyprus is starting to see some positive shifts in its financial sector, particularly when it comes to tackling non-performing loans (NPLs) – loans that borrowers have stopped paying. ...

11. Mild temperatures with intermittent showers and thunderstorms expected

A weak low-pressure system is influencing the area today, bringing partly cloudy skies with intervals of thicker cloud cover. This morning, there’s a chance of isolated showers along the coast....

12. Staff shortages stall local government reform in Cyprus

According to Kathimerini's Pavlos Neophytou, the implementation of Local Government Reform in Cyprus faces critical staffing and operational challenges, especially in development licensing within Provincial Local Authorities (PLAs). ...

13. Fed cuts rates by 0.25%, economic activity expands steadily

The Federal Reserve on Thursday cut interest rates by 0.25 percentage points for the second consecutive meeting, bringing the target range to 4.50% to 4.75%, as expected. The decision was unanimous....

14. Mostly clear weather through Friday

A weak low-pressure system is bringing mostly clear skies to the region, with a few clouds expected to gather over mountain areas in the afternoon....

15. Greek-American community in Queens divided as US election stirs deep tensions

In Astoria, Queens—a long-standing Greek-American hub—the upcoming U.S. election has created deep rifts in a typically tight-knit community....

16. Rain and thunderstorms expected

Today's forecast calls for mostly clear skies across much of the island, though residents in northeastern areas may see patches of increased cloud cover, with a chance of isolated showers....

17. Dust, rain, and winds ahead

A weak low-pressure system is forecasted to affect Cyprus beginning Friday, bringing diluted dust across the region and intermittent strengthening of winds through Saturday. ...

18. Cyprus gains investor confidence as economic reforms and US ties bolster growth

International investors have shown sustained confidence in Cyprus’ economy and business ecosystem, recognizing the country as a stabilizing force in the region......

19. Cyprus achieves first A-level credit rating in major milestone

Scope Ratings has upgraded Cyprus's credit rating to A- from BBB+, marking the country's first A-level rating from a major credit agency....

20. IMF raises Cyprus' growth forecast for 2024

The International Monetary Fund (IMF) has raised its forecast for Cyprus's economic growth in 2024 from 2.7% to 3.3%. This updated prediction comes from the IMF's October World Economic Outlook report released on Tuesday....

21. Mostly clear skies with mild winds across the island

A weak high-pressure system is affecting the area....

22. ECB cuts rates again as Eurozone inflation and economy struggle

The European Central Bank (ECB) has cut interest rates for the third time, marking the first consecutive reduction in 13 years....

23. Freedom Holding Corp. marks 5th anniversary of Nasdaq IPO with significant growth milestones

Freedom Holding Corp. (FRHC) is celebrating the fifth anniversary of its IPO on the Nasdaq Capital Market, one of the world’s leading stock exchanges. ...

24. University of Nicosia Achieves Top 501-600 Global Rank in THE WUR 2025 

The University of Nicosia (UNIC) has held its rank among the top 501-600 universities globally for the third consecutive year, according to the 2025 Times Higher Education (THE) World University Rankings (WUR)....

25. ECB cautiously prepares for further rate reductions

The intention of the central bankers on the European Central Bank’s (ECB) Governing Council to proceed with another interest rate cut next week, as inflation data proves favorable, is indirectly but clearly reflected in the minutes of their last meeting, released today....

26. Digital Agenda: The Bright Side of Cyprus and Its Technological Prospects

Renowned international speakers, top Cypriot innovators, and key government officials came together at the Digital Agenda Cyprus Summit 2024 to discuss the future of digital transformation and global trends in innovation, talent management, and creativity....

27. Cyprus' credit rating upgraded due to strong economy and lower debt

Rating Agency Capital Intelligence Ratings (CI) has upgraded Cyprus’ Long-Term Foreign Currency Rating (LT FCR) and Short-Term FCR (ST FCR) to ‘BBB’ and ‘A2’, respectively, from ‘BBB-’ and ‘A3’, maintaining a positive outlook....

28. Cyprus faces water shortage as dams reach critically low levels

Cyprus is facing a significant water shortage as dam levels plummet due to a severe drought and ongoing climate changes, raising concerns among national and local authorities. ...

29. Moody’s sees positive outlook for Hellenic Bank following Eurobank deal

Moody’s upgraded Hellenic Bank’s credit rating to Baa2 from Baa3 on Wednesday, citing the recent acquisition of a 56% stake by Eurobank S.A. The agency also revised the bank's outlook to positive. ...

30. Over 50% of advanced melanoma patients survive 10 years

A groundbreaking trial has shown that more than half of patients diagnosed with advanced melanoma now survive at least 10 years when treated with a combination of two immunotherapy drugs....