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...
https://knews.kathimerini.com.cy/en/business/why-are-food-prices-so-high-in-europe
It is the most basic of staple food items: sliced white bread. In Britain, the average price of a loaf was 28 percent higher in April, at 1.39 pounds, or $1.72, than it was a year earlier....
https://knews.kathimerini.com.cy/en/news/energizing-surprise-abundance-of-energy-sends-prices-plummeting-in-finland
Finland was dealing with an unusual problem on Wednesday: clean electricity that was so abundant it sent energy prices into the negative....
https://knews.kathimerini.com.cy/en/news/why-do-young-people-in-cyprus-struggle-to-secure-a-home-loan
Young people are facing difficulties in securing mortgage loans due to a number of factors, according to economist Tasos Yasemidis....
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. ...
https://knews.kathimerini.com.cy/en/business/attica-s-real-estate-market-delivers-126-returns-in-last-5-years
The housing market has recently evolved into one of the most profitable investments, with a return of up to 126% during the last five years (2017-2022)....
https://knews.kathimerini.com.cy/en/business/goods-produced-in-cyprus-see-largest-price-increase-in-the-eu
Industrial producer prices, which refer to the prices that producers receive for the products they make, increased by 2.4% in Cyprus in March 2023 compared to the previous month, according to the statistical office of the European Union, Eurostat. ...
https://knews.kathimerini.com.cy/en/news/100-cypriot-wines-to-feature-new-winecore-logo-on-packaging
The wine industry in Cyprus is at a turning point, as coordinated upgrading and promotion efforts are underway in both the private and public sectors. ...
https://knews.kathimerini.com.cy/en/news/household-electricity-and-gas-prices-surge-across-eu-in-2022
In the second half of 2022, average household electricity prices in the EU continued to show a sharp increase compared with the same period in 2021, from 23.5 euros per 100 kWh to 28.4 euros per 100 kWh in the EU, and from 23.0 euros per 100 kWh to 32.6 euro per 100 kWh in Cyprus, according to data released by Eurostat, the statistical service of the EU....
https://knews.kathimerini.com.cy/en/news/us-congress-members-sold-bank-shares-amidst-banking-crisis-fears
On March 10, as fears were swirling over the health of the nation’s banks, an investment account belonging to the children of Rep. Jared Moskowitz, D-Fla., sold shares of Seacoast Banking Corp. worth $65,000 to $150,000....
https://knews.kathimerini.com.cy/en/business/ideal-real-estate-investment-opportunities-for-sale-by-astrobank
Commercial, industrial, and residential listings in various districts...
https://knews.kathimerini.com.cy/en/business/bill-for-e-kalathi-product-price-comparison-app-submitted-for-cabinet-approval
The bill for the implementation of a digital tool that enables daily information on retail prices and product comparisons is ready for submission to the Cabinet....
https://knews.kathimerini.com.cy/en/business/bookings-for-cyprus-countryside-accommodation-rise-during-easter-holidays
According to official data released by the Deputy Ministry of Tourism, bookings for countryside accommodation in Cyprus increased during the Easter holiday season....
https://knews.kathimerini.com.cy/en/news/investors-flock-to-green-bonds-as-a-secure-investment
https://knews.kathimerini.com.cy/en/news/home-prices-remain-high-despite-recent-dip
House Price Index decreased by 4% in the fourth quarter of 2022 and amounted to 108.03 units, compared to the third quarter, when it was at 112.51, according to a preliminary estimate of the Statistical Service, published on Tuesday....
https://knews.kathimerini.com.cy/en/business/minister-of-labor-to-submit-cola-mediation-proposal
Minister of Labour and Social Insurance Yiannis Panayiotou said on Friday he would submit a mediation proposal to the social partners (trade unions and employers) to reach an agreement on the issue of the Cost of Living Allowance (CoLA)....
https://knews.kathimerini.com.cy/en/business/completion-of-project-starlight
https://knews.kathimerini.com.cy/en/business/ecb-raises-interest-rates-again-by-5-percentage-points
At noon on Thursday, the European Central Bank (ECB) confirmed that it would stick to its tactics to tackle inflation by announcing a 50 basis point hike....
https://knews.kathimerini.com.cy/en/news/credit-suisse-borrows-more-than-$50-billion-from-swiss-national-bank
Credit Suisse’s shares soared 30% on Thursday after it announced it would move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank, bolstering confidence as fears about the banking system moved from the U.S. to Europe....
https://knews.kathimerini.com.cy/en/news/it-s-been-10-years-since-the-haircut
In March 2023, Cyprus will mark 10 years since the deposit haircut. Ten years after the 2013 crisis, Cyprus looks completely different. During this decade, many changes have taken place and its citizens have experienced many different situations,...
https://knews.kathimerini.com.cy/en/news/minister-of-agriculture-pushing-for-a -farmers card
Agriculture Minister Petros Xenofonos announced today during a meeting of the House of Representatives Agriculture Committee that he intends to create a farmer's card to provide services to the agricultural world....
https://knews.kathimerini.com.cy/en/news/say-goodbye-to-an-iconic-symbol-of-sin-city
When you walk the Las Vegas Strip you see women wearing showgirl outfits taking pictures with tourists. They work alongside Spider-Men, Batmen, and shirtless police officers and firefighters....
https://knews.kathimerini.com.cy/en/news/consumers-cutting-back-on-non-essential-items-as-cost-of-living-rises
As the cost of living crisis continues to rise globally, consumers have drastically adjusted their spending behaviors, with the majority (53%) of global consumers “holding back” on non-essential spending. ...
https://knews.kathimerini.com.cy/en/news/tourists-are-spending-13-more-in-cyprus
If there is one thing that has changed in the past year's data on the tourism industry, it is the realization that, even though there are fewer visitors coming in than in 2019,...
https://knews.kathimerini.com.cy/en/news/toblerone-forced-to-change-logo-due-to-its-un-swissness
The most famous mountain in Switzerland is no longer appropriate for Toblerone to use on its packaging. Due to its decision to relocate a portion of its production to the Slovakian capital, Bratislava, this year, US company Mondelez, ...
https://knews.kathimerini.com.cy/en/news/parisian-opera-house-that-inspired-‘phantom-of-the-opera-becomes-an-airbnb
For a limited time only, a Parisian opera house box seat typically reserved for visiting dignitaries is being transformed into an Airbnb and priced for the ridiculously reasonable €37 per night....
https://knews.kathimerini.com.cy/en/news/cyprus-seeks-understanding-on-shipping-woes
Cyprus is speaking to other European Union member states to shore up support for the shipping industry hit by sanctions on Russia, its shipping minister said on Friday...
https://knews.kathimerini.com.cy/en/news/the-new-limassol-piraeus-schedule-will-be-available-soon
The new schedule for the Cyprus-Greece sea link is expected to be announced within the next week, or by early March at the latest. As "K" has been informed, ...
https://knews.kathimerini.com.cy/en/news/secrets-of-the-a380-what-passengers-never-see
https://knews.kathimerini.com.cy/en/news/turkey-wants-to-become-a-natural-gas-supermarket
Turkey will hold a natural gas summit on February 14-15 to bring together gas supplier countries and Europe’s consumer countries in Istanbul, Turkish Energy Minister Fatih Donmez said on Monday....