https://knews.kathimerini.com.cy/en/news/cyprus-makes-the-cut-in-new-tax-friendly-nations-list
In a recent announcement, the Ministry of Finance shed light on the revised list of countries enjoying preferential tax status under the Independent Authority for Public Revenue of the Hellenic Republic (IAEA)....
https://knews.kathimerini.com.cy/en/news/hotel-occupancy-rates-at-30-40-in-december
The average occupancy rates in December, the predominantly festive month, in hotels and accommodation units, is expected to range around 35% to 40%, ...
https://knews.kathimerini.com.cy/en/news/rising-hospitalizations-and-concerns-amidst-low-vaccination-rates
Charalambos Charilaou, the Press Representative of OKYPY (Organization of State Health Services), addressed the surge in hospitalizations due to viral pneumonia and the rising number of COVID-19 cases in an interview ...
https://knews.kathimerini.com.cy/en/business/landlords-urged-to-be-reasonable-when-pricing-rentals
Marinos Keynegirou, the president of the Real Estate Registration Council, warns of escalating prices and dwindling demand in the real estate market's fourth quarter....
https://knews.kathimerini.com.cy/en/news/makarios-hospital-faces-surge-in-pediatric-respiratory-cases
The Makarios Hospital in Cyprus is currently experiencing a bed occupancy rate of over 90%, primarily due to an influx of children with respiratory infections, according to Dr. Avraam Elia, the Director of the hospital's Pediatrics Department....
https://knews.kathimerini.com.cy/en/business/as-2023-ends-banks-and-unions-lock-horns-on-pay-structures
The banks and bank employees' unions are at odds over labor issues and the signing of new collective agreements. As we approach the end of 2023, no significant progress has been made in renewing collective agreements during the outgoing year....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-housing-crisis-deepens-amid-interest-rate-scandal
With current interest rates, the prospect of repaying a mortgage spans nearly fifty years for an average family, turning homeownership into an elusive dream....
https://knews.kathimerini.com.cy/en/news/life2vec-an-ai-algorithm-predicts-your-future-with-high-accuracy
In a groundbreaking development, scientists have introduced an algorithm named 'Life2vec' that leverages personal life stories to forecast an individual's future, including potential lifespan. ...
https://knews.kathimerini.com.cy/en/news/minister-upset-as-staff-gaps-widen
In its 2023 Employment and Social Developments in Europe (ESDE) report, the European Commission identifies major shortages in construction, healthcare, science, technology, and STEM (Science, Technology, Engineering, and Mathematics) occupations, spanning high, medium, and low-skilled roles...
https://knews.kathimerini.com.cy/en/news/navigating-the-festive-frenzy
The government is grappling with significant challenges in managing and addressing the housing needs of its building stock....
https://knews.kathimerini.com.cy/en/news/half-of-cyprus-loans-vulnerable-to-euribor-and-ecb-rates
Half of the loans in Cyprus are "vulnerable" to euribor and the European Central Bank's (ECB) key rates. In 2024 and 2025, we may not expect further increases, but rather possible decreases, according to the Central Bank of Cyprus' Financial Stability Report for 2022....
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/business/workforce-crisis-grips-cyprus-as-12-000-job-vacancies-surge
In the hotel, catering, and retail sectors, an estimated 12 thousand personnel needs have prompted relevant professional associations to jointly appeal to the Ministry of Labour, seeking simplified procedures for hiring staff from third countries....
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/news/1-migration-and-pandemic-in-focus-at-brussels-summit
Victor Papadopoulos, Director of the Presidency Press Office, described the ongoing discussions at the Brussels Summit as particularly challenging....
https://knews.kathimerini.com.cy/en/news/european-data-shows-low-interest-payouts-by-cypriot-banks
Cypriot banks rank second to last among European banks in terms of paying interest on total household deposits, according to data released on Wednesday by the European Banking Authority (EBA), as part of its annual risk assessment of the European banking system....
https://knews.kathimerini.com.cy/en/news/covid-19-cases-surge-ahead-of-festive-season
In a recent statement to the Cypriot News Agency, Elizabeth Constantinou, the Director of Medical and Public Health Services, highlighted a surge in confirmed coronavirus cases, ...
https://knews.kathimerini.com.cy/en/news/cypriots-pack-bags-for-record-breaking-2023-getaways
Cypriots are preparing suitcases for abroad, taking advantage of the short holidays offered by the Christmas and New Year celebrations....
https://knews.kathimerini.com.cy/en/comment/opinion/the-overtime-dilemma-–-george-vassiliou-s-proposal
Only a young John Kapodistrias, with his wit and cunning, can rescue this troubled land from the folly of officials and citizens....
https://knews.kathimerini.com.cy/en/news/postal-workers-strike-over-burnout-and-job-insecurity
In a decisive move, 300 members of the Branch Council of Postal Distributors, part of the Pancyprian union "Equality," launched a strike today, set to last until Friday....
https://knews.kathimerini.com.cy/en/news/when-thunderstorms-rsvp-for-the-ultimate-monday-mixer
Hold onto your umbrellas, party people! The Met Office, our weather maestro, has graciously gifted us a yellow warning for thunderstorms....
https://knews.kathimerini.com.cy/en/news/cyprus-sees-uptick-in-covid-19-cases-amid-winter-surge
Dr. Christos Charalambous, from the Epidemiological Surveillance and Control of Infectious Diseases Unit of the Health Ministry, reported a slight increase in COVID-19 cases in Cyprus in recent days....
https://knews.kathimerini.com.cy/en/business/ktrends-survey-reveals-public-dissatisfaction-with-cyprus-government
In a recent economic survey conducted by ''Kathimerini,'' the fifth wave of ''Ktrends'' highlights notable trends in economic, household, and market dynamics for October 2023. ...
https://knews.kathimerini.com.cy/en/business/cyprus-reports-significant-drop-in-joblessness
The latest data released by the District Labour Offices indicate a notable decline in registered unemployment rates for November 2023, both on a monthly and on a yearly basis....
https://knews.kathimerini.com.cy/en/news/mortgage-to-rent-scheme-sparks-overwhelming-interest-as-call-centers-inundated
In a significant response to the newly launched 'Mortgage to Rent' Scheme by the implementing agency, KEDIPES, the service center has been inundated with hundreds of calls since the official commencement of the initiative today....
https://knews.kathimerini.com.cy/en/business/the-path-to-fighting-inflation-is-difficult
In an insightful dialogue about the economic landscape, Joachim Nagel, a prominent figure in the financial realm and a member of the ECB Governing Council, shares his perspectives on inflation, interest rates, and the challenges facing the European economy....
https://knews.kathimerini.com.cy/en/news/mortgage-rates-soar-to-4-91-deposits-decline-in-october-2023
Mortgage interest rates in Cyprus climbed to 4.91% in October 2023, according to data released by the Central Bank of Cyprus in its November 2023 edition of Monetary and Financial Statistics....
https://knews.kathimerini.com.cy/en/business/digital-more-luxurious-more-efficient-the-new-panamera
Porsche revamps the Panamera: the third generation of the sporting luxury sedan is characterised by a wider range of digital features, a fresh and expressive design and a broader spectrum between dynamic performance and driving comfort. ...
https://knews.kathimerini.com.cy/en/news/1-zero-vat-on-meat-and-vegetable-from-today
As of December 1, the zero VAT rate on meat and vegetables, categorized under specific customs tariff codes, has come into effect in Cyprus....
https://knews.kathimerini.com.cy/en/business/france-s-controversial-anti-smoking-campaign-sparks-debate
France is set to intensify its battle against smoking, with Health Minister Aurelien Rousseau announcing a comprehensive anti-smoking program....
