https://knews.kathimerini.com.cy/en/news/germany-to-revise-immigrant-laws-to-allow-more-skilled-migrant-workers
In the coming months, the German Ministry of Labor will come forward with a proposal to the federal government to introduce a new immigration option for skilled foreigners....
https://knews.kathimerini.com.cy/en/business/banks-imposing-stricter-lending-standards
Cyprus banks have tightened credit standards in the second quarter of 2022, while net new lending demand subsided, reflecting the geopolitical tensions and the uncertainty in the global economic environment, the Central Bank of Cyprus Bank Lending Survey for Q2 says....
https://knews.kathimerini.com.cy/en/business/euro-dollar-exchange-falls-to-a-20-year-low
The escalation of the energy crisis with Moscow's aggressive, albeit predictable, decision to close the Nord Stream 1 pipeline indefinitely has led to a new fall in the euro, this time below 99 cents on the dollar....
https://knews.kathimerini.com.cy/en/news/cheaper-electricity-in-september-how-much-will-you-pay
The issue of electricity pricing is at the top of every household's agenda, especially with galloping inflation and the increase in fuel prices, making it a big hurdle for many. Despite this, things seem to be encouraging as far as September is concerned as bill pricing is expected to be reduced....
https://knews.kathimerini.com.cy/en/news/cyprus-and-spain-to-collaborate-on-organ-transplants
The rate of organ donation in Cyprus remains very low compared to other European countries, Health Minister Michael Hadjipandela said on Thursday, adding that 173 transplants from living donors and 80 from posthumous donors have been carried out in Cyprus since 2011....
https://knews.kathimerini.com.cy/en/news/pakistan-s-floods-fueled-by-its-melting-glaciers
A series of extreme floods have utterly devastated the South Asian nation, which is home to some 225 million people, washing away roads and buildings, destroying farms, and stranding hundreds of thousands. ...
https://knews.kathimerini.com.cy/en/life/the-first-ever-underwater-civil-wedding-in-alonissos
The first organized underwater civil wedding took place in Alonissos on Monday 29 August at the initiative of the Municipality....
https://knews.kathimerini.com.cy/en/news/deposits-and-loans-decrease-in-july
In July 2022, total deposits reached €51.2 billion and total loans €28.6 billion, recording a net decrease, compared to June. This is what data on Monetary and Financial Institutions' deposits and loans show,...
https://knews.kathimerini.com.cy/en/news/covid-16-more-deaths-and-2-154-new-cases-this-past-week
Cyprus’ Health Ministry on Friday announced 16 deaths and 2,154 new COVID-19 cases for the week between August 19 and 25. The new cases were detected among 60,841 tests, while the positivity rate was at 3.54%....
https://knews.kathimerini.com.cy/en/news/greek-cypriots-bring-in-millions-in-food-and-fuel-purchases-says-t-c-newspaper
Turkish Cypriot newspaper "Kibris" claims that thousands of Greek Cypriots visit the occupied territories every day to shop for fuel and food, which, thanks to the exchange rate, is much cheaper than in the controlled areas of the Republic....
https://knews.kathimerini.com.cy/en/news/cyprus-government-and-akel-in-war-of-words-over-audit-report
A war of words has broken out between the Cyprus Government and AKEL party regarding the Audit Service's report on the Cyprus Investment Program....
https://knews.kathimerini.com.cy/en/news/what-is-causing-the-unexpected-drop-in-global-food-prices
Six months after Russia's invasion of Ukraine, the inflationary shock is still causing a "headache" for markets, government staff and households, with the price of natural gas hitting new record levels yesterday....
https://knews.kathimerini.com.cy/en/news/euro-at-new-20-year-low-against-the-us-dollar
The euro slipped to a new twenty-year low due to fears of increased inflationary pressures and an impending recession in Europe as a result of the energy crisis....
https://knews.kathimerini.com.cy/en/news/cabinet-extends-disbursement-period-of-interest-rate-subsidy-scheme
The Cabinet decided Monday to amend the interest rate subsidy scheme for housing and corporate loans to further support the economy amid the ongoing effects of the COVID-19 pandemic and the war in Ukraine....
https://knews.kathimerini.com.cy/en/news/cyprus-investment-program-problematic-from-the-start
Much ink has been spilled over the Cyprus Investment Program (CIP). From its inception in 2017 until its abolition, the CIP was a scheme wherein the Cyprus Government granted Cypriot citizenship to investors, "golden passports" as it is well-known....
https://knews.kathimerini.com.cy/en/news/cyprus-unemployment-rate-at-6-8-in-2nd-quarter-of-2022
The unemployment rate in Cyprus was 6.8% of the labor force in the 2nd quarter of 2022, recording a decrease of 1.6% compared to the corresponding quarter of 2021....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-now-is-a-good-time-to-follow-the-simple-rule-of-28-36
Rising prices have been a major topic of discussion over the past few weeks. In essence, however, little can be done by individuals to mitigate the effects of rising fuel and commodity prices on a global scale....
https://knews.kathimerini.com.cy/en/news/cyprus-gdp-up-by-6-1-during-second-quarter-of-2022
Cyprus recorded a positive GDP growth during the second quarter of 2022, according to a Flash Estimate announced on Wednesday by the Statistical Service of the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/news/eu-states-facilitating-employment-of-third-country-nationals-to-ease-labor-shortage
The European Union’s population is aging. The factors behind this phenomenon are many, but the declining fertility rates and the increased life expectancy, along with migration to countries like the United States, the United Kingdom, Canada, and Australia, are the main ones....
https://knews.kathimerini.com.cy/en/news/cyprus-maintains-low-vat-and-consumption-tax-on-fuel
Cyprus maintains a very low VAT rate and lower consumption taxes on fuel compared to Germany and other EU countries, Minister of Finance Constantinos Petrides notes in a written statement....
https://knews.kathimerini.com.cy/en/business/turkish-inflation-surges-to-nearly-80
Turkish inflation rose to a fresh 24-year high of 79.6% in July, data showed on Wednesday as the lira’s continued weakness and global energy and commodity costs pushed prices higher, though the price rises came out below forecasts....
https://knews.kathimerini.com.cy/en/news/deposit-interest-rates-remained-close-to-zero-levels-in-june
Deposit interest rates remained at close to zero levels in June with lending rates showing small variations, according to data released on Tuesday by the Central Bank of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/news/cypriot-minister-lashes-out-at-‘populist-lawmakers
Cypriot Finance Minister Constantinos Petrides lashed out at lawmakers on Tuesday warning against “dangerous and unrestrained populism” after members snubbed a presidential veto on three crucial pieces of legislation...
https://knews.kathimerini.com.cy/en/news/distinctive-tastes-in-rural-cyprus
Many times, in particular villages, you will find restaurants beyond your imagination, places with exceptional and highly rated cuisine....
https://knews.kathimerini.com.cy/en/business/cbc-noticeable-decrease-in-household-and-business-debt
Business and household debt in Cyprus reached €56.2 billion in the first quarter of 2022, according to data from the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/news/covid-16-deaths-and-6-863-new-cases-recorded-this-past-week
Cyprus on Friday announced 16 more deaths from COVID-19 and 6,863 new cases, recorded between July 22 and 28. Seven of the deaths, occurred earlier in the year, between January and July 21....
https://knews.kathimerini.com.cy/en/business/the-us-has-plunged-into-recession
The US has plunged into recession as soaring inflation hammers the world’s largest economy....
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-benefits-in-kind
There are a number of commercial benefits that come with registering the property in the name of a legal entity rather than as an individual e.g. for asset protection purposes as it provides protection against personal insolvency since a property that is in the name of a legal entity should not be affected should the individual becomes personally insolvent....
https://knews.kathimerini.com.cy/en/news/ecb-raises-interest-rates-5-with-further-rate-hikes-on-the-horizon
The European Central Bank (ECB) increased interest rates by more than expected on Thursday, raising its benchmark deposit rate by 50 basis points to zero percent, impacting the Cyprus banking system and local borrowers....
https://knews.kathimerini.com.cy/en/news/covid-13-deaths-and-10-thousand-new-cases-detected-last-week
The Health Ministry in Cyprus announced on Friday that 12 COVID-19 patients, three women and nine men, died of COVID from 15 to 21 July while 10,152 new cases were traced with the positivity rate reaching 9.14%. ...
