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....
https://knews.kathimerini.com.cy/en/business/unic-research-on-cruise-ship-ventilation-suggests-ways-to-minimise-viral-spread
The study published in Physics of Fluids suggests that simply higher ventilation rates do not result in safer cabin conditions for passengers and crew...
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/news/cyprus-tops-europe-in-alarming-antibiotic-use
Cyprus has the dubious honor of being the top consumer of antibiotics in Europe, resulting in its ranking among countries with the highest resistance rates....
https://knews.kathimerini.com.cy/en/news/no-plans-to-cut-interest-rates-amid-inflation-worries
The perspective advocated by many young individuals, endorsing a declaration of victory over inflation, is articulated by Dr. Jensen, the president of the German Bundesbank....
https://knews.kathimerini.com.cy/en/business/november-newsletter-of-k-treppides-co-ltd-european-banking-authority-eba
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-sees-drop-in-savings-to-6-5-eurostat-highlights
Saving rates were significantly lower than in 2021 (13.47 in Cyprus, 16.4% in the EU), and closer to the values before COVID-19 pandemic (5.8% in Cyprus and 12.3% in the EU in 2019)....
https://knews.kathimerini.com.cy/en/business/cyprus-gets-bbb-boost-in-latest-ratings-but-challenges-persist
The German Scope Ratings have given a positive sign for Cyprus by upgrading the country to BBB+ last Friday from the previous BBB while keeping the outlook of the economy stable. ...
https://knews.kathimerini.com.cy/en/news/banks-eye-over-1-billion-euro-profits-in-2023
Cypriot banks, including the Greek bank, are poised to rake in substantial profits for 2023, benefitting from the European Central Bank's interest rate hikes....
https://knews.kathimerini.com.cy/en/news/hellenic-bank-rakes-in-€240-7m-in-2023-s-first-9-months
Hellenic Bank announced on Tuesday a profit of €240.7 million for the first 9 months of 2023....
https://knews.kathimerini.com.cy/en/business/consumers-asked-to-roll-with-it-as-toilet-paper-surges-and-fresh-fish-takes-a-dive
In October, the cost of toilet paper surged by 17.4% compared to September, while fresh fish prices experienced a corresponding decrease of 17.4%, as per the Consumer Protection Agency's Consumer Price Watch report. ...
https://knews.kathimerini.com.cy/en/news/pocket-drain-or-green-gain-denmark-s-tricky-tax-call
Airports Council International Europe has issued a cautionary note to the Danish Government, discouraging the introduction of a passenger tax averaging 100 Danish krone or $14 (€13.41) on air travel....
