https://knews.kathimerini.com.cy/en/news/cyprus-grapples-with-€80-million-surge-in-state-budget-deficit-for-2023
The state budget deficit for 2023 increased by €80 million compared to the deficit recorded in 2022, according to the Fiscal Report of the Republic of Cyprus for 2023, submitted to the House of Representatives....
https://knews.kathimerini.com.cy/en/news/cyprus-economic-resilience-earns-high-credit-rating-confirmation
International rating agency Morningstar DBRS has confirmed Cyprus’ BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks.
...
https://knews.kathimerini.com.cy/en/news/finance-minister-unveils-plan-to-end-multiple-pensions-for-mps
The government aims for a complete abolition of multiple pensions for state officials and members of parliament through a proposal encompassing two bills.
...
https://knews.kathimerini.com.cy/en/news/netherlands-tops-global-pension-charts
A recent analysis by the Mercer CFA Institute has identified European nations as leaders in global pension systems. The Netherlands secures the top spot in the rankings, with Iceland and Denmark following closely behind....
https://knews.kathimerini.com.cy/en/news/cyprus-development-expenditure-2023-surpasses-€1b
The realization of state budget development expenditure in 2023 reached 72% compared to 70% in 2022 and the average of 69% over the last decade, according to a Treasury report released on Wednesday....
https://knews.kathimerini.com.cy/en/news/government-s-digital-citizen-app-faces-glitches
President Nikos Christodoulides announced a series of policy actions aimed at improving citizens' daily lives and enhancing their overall quality of life, alongside legislative and other initiatives geared towards modernizing state structures and institutions....
https://knews.kathimerini.com.cy/en/news/cyprus-exposes-25-cases-of-dual-pensions-and-salaries
Around 25 citizens and officials in the Republic of Cyprus are receiving double pay—pension plus salary, according to the Republic's Auditor General....
https://knews.kathimerini.com.cy/en/news/germany-s-model-links-retirement-age-to-life-expectancy
The consequences of an aging population have for many years been a headache for many countries, including Greece, and have provoked opposition from many politicians and public opinion,...
https://knews.kathimerini.com.cy/en/news/choosing-between-heating-and-eating
A recently released report from the French charity Secours Catholique underscores the alarming rise in poverty numbers, with a record one million people seeking assistance in 2022, up from 780,000 the previous year. ...
https://knews.kathimerini.com.cy/en/news/minister-unleashes-4-boost-for-retirees
In a significant move to enhance the well-being of pensioners, Labor and Social Insurance Minister Yiannis Panayiotou declared a nearly 4% increase in basic pensions for the upcoming year....
https://knews.kathimerini.com.cy/en/news/the-mystery-of-cyprus-social-insurance-fund
The Republic of Cyprus achieved its first significant milestone with the establishment of the Social Insurance System, originally introduced during the colonial era. ...
https://knews.kathimerini.com.cy/en/news/labour-minister-discusses-pension-relief-proposal-on-spor-fm
Greek Minister of Labour Yannis Panagiotou addressed the proposal to exempt the basic pension from the actuarial reduction of 12% for employees with 40 years of contributions during an interview with SPOR FM and the show Diaspora News....
https://knews.kathimerini.com.cy/en/news/full-basic-pension-exempted-from-actuarial-reduction
The Minister of Labor, Yiannis Panayiotou, presented a proposal at the Social Insurance Council meeting, exempting the full basic pension from a 12% actuarial reduction for employees with 40 years of contributions. This proposal aims to relieve actuarial reductions for early pensions.
...
https://knews.kathimerini.com.cy/en/news/austria-allocates-€33m-for-wrongly-convicted-gay-men
A historic proposal by the Austrian Ministry of Justice sees €33m set aside to compensate those who were wrongly convicted - but critics say the amount on offer is not enough....
https://knews.kathimerini.com.cy/en/news/new-measures-unveiled-for-energy-and-housing
In a decisive move to support Cyprus' households and businesses, the Council of Ministers, under the leadership of President Nikos Christodoulides, unveiled a comprehensive package of immediate and medium-term measures today....
https://knews.kathimerini.com.cy/en/news/netherlands-tops-global-pension-rankings-with-ai-driven-excellence
A new analysis, ranking 47 pension systems across the world, has shed light on the growing impact of AI on pension systems....
https://knews.kathimerini.com.cy/en/comment/opinion/foreign-company-hired-to-clean-cyprus-reputation-–-but-is-it-really-dirty
The Ministry of Foreign Affairs has assigned a foreign company the Herculean task of orchestrating a campaign to cleanse Cyprus' tarnished reputation abroad....
https://knews.kathimerini.com.cy/en/comment/opinion/politics-in-the-age-of-virality
Stephanos Kasselakis' recent visit to Cyprus and his carefully crafted statements following his meeting with the President of the Republic have highlighted a significant shift in politics. It seems that politics today can be reduced to a formula, easily memorized and executed....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-politicians-perks-and-pensions-excessive-or-fair
The political landscape in Cyprus is abuzz once again, as opposition parties seize yet another opportunity to level criticism at President Christodoulides. ...
https://knews.kathimerini.com.cy/en/news/president-will-not-waive-pension
Speaking on state radio regarding pensions and simultaneous salary payments to high-ranking state officials, Mr. Letymbiotis stated that no one can renounce their pension....
https://knews.kathimerini.com.cy/en/comment/opinion/the-president-s-rainy-rhetoric-on-his-undisclosed-income
''The weather may be rainy, but the clear sky isn't afraid of lightning.'' With this romantic and poetic line, the president responded to his critics regarding the issue of his undisclosed income. It's as if the man doesn't even deserve a small oversight....
https://knews.kathimerini.com.cy/en/news/president-s-silent-pension-raises-eyebrows
Both the President of the Republic and members of Parliament have emphasized the necessity of legislative regulation to put an end to the simultaneous receipt of public employee pensions and salaries by political officials.
...
https://knews.kathimerini.com.cy/en/news/surgery-cost-inquiry-leads-to-heated-confrontation-with-doctor
The Patient Rights Observatory of the Federation of patient associations of Cyprus (OSAK) has recently received complaints regarding various issues related to healthcare services in Cyprus....
https://knews.kathimerini.com.cy/en/news/15-4-spike-in-public-expenditure-for-2024
In the 2024 Budget, there's a notable rise of EUR 0.5 billion in public personnel expenditure. According to the Council of Ministers' approved budget table for 2024, this marks a substantial increase of 496 million euros. In terms of percentages, this surge amounts to 15.4% compared to the personnel expenditure allocated for the public sector in 2023....
https://knews.kathimerini.com.cy/en/news/christodoulides-takes-on-migration-housing-and-traffic-head-on
Migration, housing and traffic are the subjects the President of the Republic, Nikos Christodoulides focuses on, aiming for immediate and effective resolution, he said, speaking at the regular meeting of the Board of Directors of Cyprus Employers and Industrialists Federation (OEB) in Limassol on Wednesday afternoon....
https://knews.kathimerini.com.cy/en/business/hellenic-bank-cuts-fees-for-customers
Hellenic Bank is taking steps to enhance its services and support its customers. Mr. Phoebus Stasopoulos, the Senior Banking Manager of Hellenic Bank, announced the expansion of the limit for free SEPA transfers through Online Banking....
https://knews.kathimerini.com.cy/en/news/italian-court-awards-€130-000-to-great-grandson-of-world-war-ii-victim
Relatives of six Italian men hanged by German troops during World War Two are set to receive hundreds of thousands of euros in compensation for their families' trauma....
https://knews.kathimerini.com.cy/en/news/one-in-six-faces-poverty-or-social-exclusion
One in six individuals, equivalent to 150,000 people, faced the risk of poverty or social exclusion in Cyprus during 2022, as revealed by the findings of the 2022 Survey on Income and Living Conditions. ...
https://knews.kathimerini.com.cy/en/news/government-achieves-€155-5m-surplus-in-2023
Cyprus government's surplus for the first half of 2023 increased to €155.5 million, equivalent to 0.5% of GDP, compared to a deficit of €92.4 million (-0.3% of GDP) for the period of January-June 2022, based on preliminary fiscal results from the Statistical Service of Cyprus.
...
https://knews.kathimerini.com.cy/en/news/president-s-commitment-to-gender-equality
The President of the Republic, Mr. Nikos Christodoulides, attended tonight the opening ceremony of the 38th World Conference of the Girl Guides and Girl Scouts, organized by the Cyprus Girl Guides Association, which took place at the ancient theater of Kourion....