https://knews.kathimerini.com.cy/en/news/greece-rolls-out-climate-resilience-levy-to-fund-post-disaster-reconstruction
In an effort to finance reconstruction projects following severe forest fires and floods, the Greek government has introduced a new accommodation tax, referred to as the 'climate resilience levy.'...
https://knews.kathimerini.com.cy/en/news/president-christodoulidis-announces-cabinet-reshuffle
President Nikos Christodoulidis has announced a series of government appointments, effective Wednesday, January 10, 2023. The changes, made under constitutional authority, include:...
https://knews.kathimerini.com.cy/en/business/cifa-projects-optimistic-2024-for-cyprus-investment-funds-amid-challenges
The Cyprus Investment Funds Association (CIFA) has expressed optimism for the Investment Funds sector in Cyprus in 2024, projecting another positive year despite existing challenges and uncertainties, according to a press release.
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https://knews.kathimerini.com.cy/en/news/un-chief-expresses-concern-over-deepening-divide-in-cyprus
''It becomes clearer with every passing year that the divide between the sides is growing, gradually eroding the prospects of finding a mutually acceptable political settlement''...
https://knews.kathimerini.com.cy/en/news/2024-budget-gets-green-light-–-inside-scoop-on-state-wage-proposals
The 2024 budget was passed into law relatively comfortably, with a total of 37 MPs voting for it, while 19 were opposed. ...
https://knews.kathimerini.com.cy/en/business/cyprus-linked-to-magnitsky-case-through-luxury-hotel-investment
The international organization OCCRP, specializing in organized crime and corruption, has once again implicated Cyprus in investment cases related to the luxury hotel Cap St Georges in Peyia. The connection ties back to the infamous Magnitsky case, a high-profile tax fraud scandal in Russia....
https://knews.kathimerini.com.cy/en/news/cbc-warns-of-non-performing-loan-surge-amid-economic-challenges
The Central Bank of Cyprus (CBC) issued a warning on Monday, cautioning about the potential influx of non-performing loans (NPLs) driven by high-interest rates and inflation, which are impacting households' disposable income and businesses' profitability....
https://knews.kathimerini.com.cy/en/news/themis-themistocles-signals-potential-2024-interest-rate-cut
In their ''Year Ahead 2024'' forecast, analysts at Swiss financial giant UBS anticipate a slowdown in the strength of the US economy throughout 2023. ...
https://knews.kathimerini.com.cy/en/business/occupied-territories-witness-a-33-surge-in-visitors
In the first 10 months of this year, the influx of visitors to the occupied territories through land entry points and ports saw a remarkable increase of 33% compared to the corresponding period last year, totaling 1,520,604 individuals....
https://knews.kathimerini.com.cy/en/business/cyprus-economy-receives-positive-rating-boost
Fitch, the International Rating Agency, upgraded Cyprus' long-term rating to positive, citing economic resilience and fiscal strength. The agency affirmed the 'BBB' rating, previously upgraded in March 2023. ...
https://knews.kathimerini.com.cy/en/comment/opinion/onasagoras-ouzo-diplomacy-and-halloumi-hurdles
In Erdogan's visit to Athens, Mitsotakis asked him - within the framework of Greek hospitality, of course - what they would serve him, and the Turkish President responded, "a small glass of ouzo and a piece of halloumi from the dead zone, thank you."...
https://knews.kathimerini.com.cy/en/business/eac-invites-bids-for-renewable-energy-land-lease
The Cyprus Electricity Authority (EAC) has announced a tender for the long-term land lease for the development of Renewable Energy Sources (RES) projects....
https://knews.kathimerini.com.cy/en/news/paphos-delegation-thrives-in-seville-european-smart-tourism-capital-2023
Nassos Hadjigeorgiou, Executive Director of the Pafos Region Tourism Development and Promotion Company, and Dr. Zenon Zignonos, Smart City Projects Manager of the Municipality of Pafos, engaged in a highly successful transition to Seville, the designated European Smart Tourism Capital for 2023....
https://knews.kathimerini.com.cy/en/news/developer-s-double-plea-amidst-partially-frozen-road-project-in-akamas
None of those who attended the meeting of the Environment Committee left any wiser about what is happening in the projects that have been carried out in recent months for the first phase of improvement of part of the road network of the Akamas National Forest Park....
https://knews.kathimerini.com.cy/en/news/cyprus-allocates-65m-euros-for-diverse-tourism-initiatives-in-2024
The National Tourism Strategy's update has recently concluded, announced by Deputy Minister Kostas Koumis, known as "K." This undertaking commenced shortly after his assumption of office in March 2023, with an initial target to finalize it by the year's end.
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https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-returns-to-london-for-investment-talks
Just two months after its last visit to the heart of investment interest, the Bank of Cyprus is making waves again in London....
https://knews.kathimerini.com.cy/en/comment/opinion/mega-investments-and-unanswered-questions
In the realm of business expansions and openings, an intriguing anomaly surfaces—the apparent lack of foresight. Take, for instance, multi-million investments requiring a substantial workforce. ...
https://knews.kathimerini.com.cy/en/news/ministry-s-robust-€65-2m-budget-signals-ambitious-2024-plans
At 65.2 million euros, the proposed budget of the Ministry of Tourism for 2024 surpasses previous years, accounting for initial budgets and excluding additional expenditures....
https://knews.kathimerini.com.cy/en/business/ey-cyprus-redefines-corporate-reporting-landscape-at-3rd-annual-insights-event
EY Cyprus organised its 3rd Annual Corporate Reporting Insights event titled ‘Connectivity: Reforming Corporate Reporting.’ ...
https://knews.kathimerini.com.cy/en/news/€620m-blueprint-for-transformative-projects
The overall projects, totaling almost €620 million, are outlined in the Ministry of Internal Affairs Budget....
https://knews.kathimerini.com.cy/en/news/police-intel-goes-solo-against-organized-crime
In a significant move, the Police Intelligence Service in Cyprus gains independence, breaking ties with the YKAN to focus on a broader spectrum of organized crime, including hooligans.
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https://knews.kathimerini.com.cy/en/news/university-of-cyprus-professor-recognized-among-influential-scientists-worldwide
In a significant achievement for academic excellence, Professor Despo Fatta-Kassinou from the University of Cyprus has secured a spot on the list of the most influential scientists globally for 2022....
https://knews.kathimerini.com.cy/en/news/finance-minister-perturbed-over-cyprus-confidential
Finance Minister Makis Keravnos expressed dismay over the revelations in ''Cyprus Confidential,'' emphasizing concerns about ongoing portrayals of Cyprus as a problematic financial and investment destination....
https://knews.kathimerini.com.cy/en/news/assessing-george-papanastasiou-s-9-month-energy-impact
Last March, when the newly elected President of the Republic, Nikos Christodoulides, announced his Cabinet, one portfolio that drew attention was the Ministry of Energy....
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/news/un-mediates-as-verbal-incident-sparks-pyla-diplomacy
The situation in Pyla remains quiet, United Nations sources told the Cyprus News Agency when asked about press reports on tension in the area....
https://knews.kathimerini.com.cy/en/business/two-week-lifeline-as-aphrodite-negotiations-extend-amid-deadlock
With the deadline for Chevron's proposal on the ''Aphrodite'' reservoir set to expire on Sunday, November 5, negotiations between the Republic of Cyprus and the consortium of ''12'' (Chevron, Shell, NewMed) led by the American giant for the development of the reservoir seem to remain in a deadlock. ...
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/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/minister-vows-smart-lights-rule-over-timers
In a recent presentation of the Ministry of Transport's 2024 budget to the Finance Committee, Minister of Transport, Alexis Vafeadis, categorically stated that there will be no timers installed at traffic lights until at least March or April 2024. ...
