https://knews.kathimerini.com.cy/en/news/president-christodoulides-hails-financial-progress-with-new-cbc-governor
The appointment ceremony for the new governor of the Central Bank of Cyprus, Mr. Christodoulos Patsalides, occurred this morning at the Presidential Palace, with the President of the Republic, Mr. Nikos Christodoulides, in attendance....
https://knews.kathimerini.com.cy/en/business/april-newsletter-of-k-treppides-co-ltd-cyprus-securities-and-exchange-commission
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/news/cyprus-president-returns-from-lebanon-with-promises-fulfilled
President Nikos Christodoulides' whirlwind journey to Beirut has drawn to a close, yet the true test of its impact lies on the horizon, amidst the waves. ...
https://knews.kathimerini.com.cy/en/news/boeing-s-engine-cowling-detaches-mid-takeoff-strikes-wing
US airline regulators have launched an investigation after an engine cowling on a Boeing plane fell off during takeoff and struck the wing flap, the latest in a series of safety problems facing the aircraft manufacturer.
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https://knews.kathimerini.com.cy/en/news/the-absence-of-accountability
The recent bout of inclement weather has brought to light a glaringly scandalous agreement between the government and a private entity. In this arrangement, ...
https://knews.kathimerini.com.cy/en/news/cyprus-records-€575-5-million-in-new-loans
Cyprus recorded a significant increase in total new loans in February, reaching €575.5 million, up from €462.7 million in the previous month. This surge was primarily driven by a notable rise in loans granted to companies, totalling approximately €130 million, according to data released by the Central Bank of Cyprus (CBC).
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https://knews.kathimerini.com.cy/en/news/cyprus-revamps-school-curriculum-to-address-financial-literacy-gap
In response to concerns over low financial literacy rates among Cypriots, highlighted in studies including the Central Bank's 2021 report, efforts to address the issue have been reignited. ...
https://knews.kathimerini.com.cy/en/business/employers-call-for-tax-reform-to-spur-economic-growth
Employers are advocating for a comprehensive overhaul of the tax system, proposing significant changes aimed at boosting economic activity and competitiveness. Here's a breakdown of their proposals:...
https://knews.kathimerini.com.cy/en/news/can-high-speed-trains-boost-birth-rates-in-south-korea
In a bold move to combat its plummeting birth rates, South Korea has unveiled a groundbreaking initiative: the Great Train eXpress (GTX)....
https://knews.kathimerini.com.cy/en/news/cyprus-central-bank-holds-1-buffer-rate-to-safeguard-banks
The Central Bank of Cyprus (CBC) has maintained the countercyclical buffer (CCyB) rate to be observed by commercial banks at 1%, with effect as of June 2, 2024....
https://knews.kathimerini.com.cy/en/news/banks-february-deposits-rise-by-€65-4-million
Total deposits in February recorded a significant net increase by €65.4 million following a decrease of €366.0 million in the previous month......
https://knews.kathimerini.com.cy/en/news/how-russia-defies-sanctions-with-its-secret-gas-fleet
Moscow's response to Western sanctions on the Russian gas industry has revealed a strategic shift in its approach, with the creation of a 'shadow fleet' of liquefied natural gas (LNG) carriers. ...
https://knews.kathimerini.com.cy/en/news/lawmakers-slam-green-taxation-plans-as-stupid-and-immoral
DISY MP Kyriakos Hatzigiannis and Ecologists MP Stavros Papadouris sharply criticized the government's green taxation plans in interviews with ''SPOR FM 95.0'' and ''DIASPORA News.''...
https://knews.kathimerini.com.cy/en/news/cyprus-boasts-second-largest-eu-born-resident-share
Cyprus had the third largest share of foreign-born residents among EU countries (22.7%), and more specifically the second largest share of residents born in another EU country (10.6%) in 2023, according to data released by Eurostat....
https://knews.kathimerini.com.cy/en/news/finance-ministry-to-shield-vulnerable-homes-from-price-hikes
The forthcoming measures are set to target specific areas, not just spread thinly across the board, in the fight against rising prices....
https://knews.kathimerini.com.cy/en/news/government-mulls-support-extension-amidst-rising-costs
The Council of Ministers convenes on Thursday for an extraordinary session to approve a new package of targeted measures to alleviate pressures from price hikes....
https://knews.kathimerini.com.cy/en/business/business-loans-drop-home-loans-steady
The Central Bank of Cyprus reported on Wednesday that the net demand for corporate loans continued to decrease in the last quarter of 2023, marking a consistent downward trend since the first quarter of 2022, although at a slower pace than anticipated earlier in the year....
https://knews.kathimerini.com.cy/en/business/cyprus-braces-for-soaring-fuel-prices
Cyprus braces for a significant hike in motor fuel prices by mid-April, with increases of 10 cents per liter expected to impact consumer spending across the island nation, according to a report by Kathimerini's Maria Eraclous....
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.
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https://knews.kathimerini.com.cy/en/news/european-commission-flags-trade-risks-for-cyprus-economy
The Cypriot economy is on a sound footing due to solid economic growth and declining inflation, but its high integration with EU and non-EU economies make geopolitical and trade tensions......
https://knews.kathimerini.com.cy/en/business/prices-on-the-rise
The Consumer Protection Agency has released its latest report on product prices for February 2024, focusing on 250 key consumer items sold across 400 stores nationwide. ...
https://knews.kathimerini.com.cy/en/news/seven-out-of-ten-students-can-get-drugs-in-a-day
A recent revelation has sparked concern among authorities in Cyprus as reports indicate that 7-8 out of 10 Cypriot students find it alarmingly easy to obtain drugs, including cannabis, within a mere 24-hour timeframe....
https://knews.kathimerini.com.cy/en/news/winter-2024-brings-17-boost-in-energy-production
Energean recorded new production growth in the first two months of 2024. Specifically, the company said in a statement that from 123 thousand......
https://knews.kathimerini.com.cy/en/news/athens-teen-prostitution-sting-online-chats-result-in-arrests
Online conversations revealed by Kathimerini shed light on the ongoing investigation into the alleged prostitution racket involving girls aged 14 to 18 in Athens....
https://knews.kathimerini.com.cy/en/business/israeli-tax-authorities-probe-israeli-investor-activities-in-cyprus
Israeli tax authorities are investigating the extensive business activities of Israeli investors in Cyprus, as revealed by Shai Aharonovich, head of Israel's Tax Department, in a report by leading financial newspaper, Globes....
https://knews.kathimerini.com.cy/en/business/cyprus-embraces-global-investment-with-its-bond-market-debut
In April 2024, the Republic of Cyprus is gearing up to enter the international bond markets, intending to issue a Euro Medium Term Note (EMTN) bond worth 1 billion euros....
https://knews.kathimerini.com.cy/en/comment/opinion/what-are-they-afraid-of
Transparency is not merely a good thing; it is essential. However, with the exception of one, credit buyout companies seem unwilling to disclose their financial results, keeping them shrouded in secrecy....
https://knews.kathimerini.com.cy/en/business/greek-and-cypriot-banks-forge-partnerships-for-regional-infrastructure-projects
The Cypriot banking sector is poised to support significant projects with regional geopolitical implications....
https://knews.kathimerini.com.cy/en/business/another-record-year-for-cablenet
For yet another year, Cablenet has achieved double-digit revenue growth. Specifically, in 2023, it reached €74.3 million compared to €63.9 million in 2022...
https://knews.kathimerini.com.cy/en/news/cyprus-a-familiar-economic-space-for-greece
In an interview conducted by Kathimerini reporter Panayiotis Rougalas, Greece's Central Bank Governor, Mr. Yiannis Stournaras, sheds light on various aspects of the country's monetary policy and economic landscape....
