https://knews.kathimerini.com.cy/en/news/how-the-consumer-pocket-faces-a-perfect-economic-storm
The uncertainty and the intense upheavals in the global supply chain continue....
https://knews.kathimerini.com.cy/en/news/1-non-performing-loans-hold-steady-at-€2b-amid-rising-rates
Non-performing loans in the Cyprus banking system remained essentially unchanged at €2 billion in October 2023, marking a marginal reduction of just €2 million, in an environment of rising interest rates....
https://knews.kathimerini.com.cy/en/business/cyprus-shines-with-20-tourism-surge
In a burst of post-pandemic enthusiasm, Cyprus shines as the EU's tourism star, celebrating an impressive 20% surge in 2023 – a dazzling spectacle second only to a breathtaking fireworks display!...
https://knews.kathimerini.com.cy/en/news/central-bank-chief-cautions-on-early-rate-cuts-amid-global-tensions
Central Bank Governor and European Central Bank (ECB) member Constantinos Herodotou stated that discussions regarding interest rate reductions are premature, given ongoing geopolitical conflicts and potential disruptions in the supply chain arising from tensions in the Red Sea....
https://knews.kathimerini.com.cy/en/news/forty-percent-of-global-jobs-face-disruption-because-of-ai
Artificial intelligence (AI) is poised to reshape the global job market, potentially affecting 40% of jobs worldwide, according to the head of the International Monetary Fund (IMF), Kristalina Georgieva....
https://knews.kathimerini.com.cy/en/news/dr-anastasatos-forecasts-bright-future-for-cyprus-economy-in-candid-interview
Eurobank group's chief economist, Dr Tasos Anastasatos, expresses optimism about the Cyprus economy, emphasizing that the decision to expand the group's banking presence in Cyprus is linked to these positive economic prospects....
https://knews.kathimerini.com.cy/en/news/houthi-strikes-send-prices-soaring-in-global-trade
In recent weeks, the developments in the Red Sea, with the Houthi attacks on commercial ships and their impact on global trade, have dominated the discussions of suppliers with their partners....
https://knews.kathimerini.com.cy/en/news/putting-the-new-macan-through-its-paces-in-the-name-of-performance-and-efficiency
Porsche is putting the prototype of the all-electric Macan through an exacting and gruelling test programme to prepare the follow-up to the successful SUV for its upcoming world premiere. ...
https://knews.kathimerini.com.cy/en/news/lagarde-trump-clearly-a-threat-to-europe
According to a report in the Financial Times today, ECB President Christine Lagarde expressed concern over the potential re-election of Donald Trump as US president, stating that it is 'clearly a threat' to Europe based on his policies during his first term....
https://knews.kathimerini.com.cy/en/news/cyprus-real-estate-booms-in-q3-2023
Cyprus experienced a real estate boom in the third quarter of 2023, with housing prices soaring and a surge in demand from both domestic and foreign buyers, according to data released by the Central Bank of Cyprus (CBC) on Wednesday....
https://knews.kathimerini.com.cy/en/news/theater-grants-and-the-ministry-s-cultural-quandary
The new year has begun and immediately it was marked culturally by the crisis in the theater, due to the grants that were given by the Thymeli Plan....
https://knews.kathimerini.com.cy/en/news/covid-19-3-in-intensive-care-individual-cases-withheld
The number of patients hospitalized with coronavirus in public hospitals has reached 92, while according to the spokesman of the OCYPY, Pambos Harilaou, three people are intubated in the Intensive Care Unit....
https://knews.kathimerini.com.cy/en/news/study-suggests-17-000-deaths-linked-to-covid-19-treatment
In a startling revelation, a study by French scientists indicates that nearly 17,000 individuals may have lost their lives during the first wave of the pandemic after taking hydroxychloroquine....
https://knews.kathimerini.com.cy/en/news/covid-19-jn-1-sub-variant-surpasses-3000-cases
Coronavirus outbreaks are increasing in Cyprus and Europe in general, following the emergence of the ''Omicron 2'' JN.1 sub variant....
https://knews.kathimerini.com.cy/en/news/south-africa-accuses-israel-of-genocide-in-urgent-icj-appeal
South Africa has urgently petitioned the International Court of Justice (ICJ) to intervene and prevent potential genocide by Israel in Gaza, specifically calling for a cessation of combat operations. ...
https://knews.kathimerini.com.cy/en/news/health-minister-convenes-advisory-meeting-amidst-rising-covid-cases
The Minister of Health, Poppy Kanari, is scheduled to convene a meeting with the Scientific Advisory Group on Wednesday at 15:00 to address the surge in coronavirus cases....
https://knews.kathimerini.com.cy/en/business/cyprus-grapples-with-lingering-private-debt-woes
In Cyprus, the European Commission consistently highlights the significant economic challenge of private debt through regular post-program or post-memorandum reports....
https://knews.kathimerini.com.cy/en/news/knitted-octopuses-emerge-as-essential-companions-for-preterm-babies
In the delicate world of premature infant care, a heartwarming discovery has emerged. Crafted with precision and care, knitted octopus teddies are proving to be indispensable companions for preterm babies....
https://knews.kathimerini.com.cy/en/news/affordable-water-soon-in-high-demand-spots
Konstantinos Karagiorgis, director of the Consumer Service, is spearheading efforts to establish maximum retail prices in areas lacking sufficient competition....
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....
