https://knews.kathimerini.com.cy/en/news/inflation-sees-downward-trend-for-7th-month-in-a-row
The cost of living in Cyprus has decreased for the seventh month in a row, with the rate of inflation dropping to 6.7% in February. This is down from a peak of 10.6% in July 2022. ...
https://knews.kathimerini.com.cy/en/news/pseudo-state-increases-vehicle-insurance-rates
The pseudo-state in the occupied territories has decided to raise vehicle insurance fees for Greek Cypriots and foreign visitors passing through the free areas....
https://knews.kathimerini.com.cy/en/news/job-vacancies-declined-by-18-9-to-a-total-of-7-821
The number of job vacancies in the 4th quarter of 2022 decreased by 1,822 (-18.9%) compared to the same quarter of the previous year when the number was 9,643....
https://knews.kathimerini.com.cy/en/business/ecb-raises-interest-rates-again-by-5-percentage-points
At noon on Thursday, the European Central Bank (ECB) confirmed that it would stick to its tactics to tackle inflation by announcing a 50 basis point hike....
https://knews.kathimerini.com.cy/en/news/credit-suisse-borrows-more-than-$50-billion-from-swiss-national-bank
Credit Suisse’s shares soared 30% on Thursday after it announced it would move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank, bolstering confidence as fears about the banking system moved from the U.S. to Europe....
https://knews.kathimerini.com.cy/en/news/petrol-stations-open-their-doors-to-electric-mobility
Petrolina Holdings Public announced last month the installation of the first state-of-the-art electric vehicle rapid charging charger at its petrol station in Larnaca's GSZ district....
https://knews.kathimerini.com.cy/en/news/deportation-scheme-agreed-upon-by-eu-interior-ministers-in-secret
A report published by Statewatch and Heinrich Böll Stiftung has revealed that the European interior ministers signed a secret joint statement last year that committed EU/Schengen Area countries to increase financial as well as material support for deportations from the Balkans....
https://knews.kathimerini.com.cy/en/news/it-s-been-10-years-since-the-haircut
In March 2023, Cyprus will mark 10 years since the deposit haircut. Ten years after the 2013 crisis, Cyprus looks completely different. During this decade, many changes have taken place and its citizens have experienced many different situations,...
https://knews.kathimerini.com.cy/en/business/march-newsletter-of-k-treppides-co-ltd-cysec
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....
https://knews.kathimerini.com.cy/en/news/kedipes-interest-subsidies-for-good-loans-in-2023
As a reward for borrowers who stick to the repayment schedule of their credit facilities for the year 2023, KEDIPES is moving forward with an interest subsidy for restructured credit facilities that have the ECB base rate as their base rate....
https://knews.kathimerini.com.cy/en/news/banks-around-the-world-feel-force-of-svb-fallout
U.S. President Joe Biden vowed to do whatever was needed to address a threatened banking crisis after the collapses of Silicon Valley Bank and Signature Bank forced regulators to step in with emergency measures....
https://knews.kathimerini.com.cy/en/news/hsbc-buys-failed-silicon-valley-bank-in-bid-to-stem-fallout
Governments in the UK and the U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down....
https://knews.kathimerini.com.cy/en/comment/opinion/real-estate-trends-in-2023
Increased inflation, rising interest rates, rising building costs, rising property values, a slight decline in new development approvals, a slight decline to stabilization in the unemployment rate, a slight increase in GDP, and a slight decline in private lending are just a few indicators of the (very) general economic picture....
https://knews.kathimerini.com.cy/en/news/nicosia-among-small-european-cities-of-the-future
Nicosia ranks first in the category of small European cities of the future for human capital and lifestyle, according to the results of the European Cities & Regions of the Future 2023 global ranking....
https://knews.kathimerini.com.cy/en/business/investigation-into-understaffing in-the-tourism-industry-is-imminent
The start of the summer travel season is anticipated to occur around the end of March or the beginning of April, along with the reopening of hotel facilities that were closed during the winter....
https://knews.kathimerini.com.cy/en/news/tourists-are-spending-13-more-in-cyprus
If there is one thing that has changed in the past year's data on the tourism industry, it is the realization that, even though there are fewer visitors coming in than in 2019,...
https://knews.kathimerini.com.cy/en/news/minister-of-labor-in-the-hot-seat-on-cola-issue
The President of the Republic's directive to the new members of the government that there is no time to waste and that the government should ramp up the initiation of its projects effectively overrides some ministries where pending issues are pressing. ...
https://knews.kathimerini.com.cy/en/news/happy-international-women-s-day-let-s-talk-about-men
Every time International Women’s Day approaches, we hear the usual dissenting voices. “Do we really have to celebrate Women’s Day?” followed by “Why don’t we celebrate Men’s Day also?”. The answer is quite simple: We do celebrate Men’s Day, every year on November 19....
https://knews.kathimerini.com.cy/en/news/rail-safety-warnings-fell-on-deaf-ears-since-2014
The European Railway Agency (ERA) has been warning successive governments in Greece, as well as the European Commission, since at least 2014 about safety gaps in the Greek railway system, according to ERA head Josef Doppelbauer, speaking to Kathimerini in the wake of last week’s deadly collision at Tempe....
https://knews.kathimerini.com.cy/en/business/ecommbx-welcomes-former-cysec-chairwoman-to-its-board
ECOMMBX, a progressive Electronic Money Institution based in Nicosia, known for it forward-thinking and customer-centric corporate culture, is proud to welcome a new member to its board: Ms Demetra Kalogerou (BSc, MSc, MPhil)....
https://knews.kathimerini.com.cy/en/news/saudi-arabia-puts-$5-billion-into-turkish-central-bank
Saudi Arabia said Monday it deposited $5 billion into the Turkish central bank, likely helping Ankara firm up its long-weakening currency, the lira, after last month’s massive earthquake that struck southeast Turkey and northern Syria....
https://knews.kathimerini.com.cy/en/news/cyprus-gdp-up-by-5-6-higher-than-eu-or-eurozone-estimates
Cyprus’ gross domestic product (GDP) grew by 5.6% in real terms in 2022, according to a provisional estimate published by the country’s statistical service CyStat on Wednesday....
https://knews.kathimerini.com.cy/en/news/lower-deposit-and-mortgage-interest-rates
The interest rates for household deposits and housing loans slightly decreased in January, while interest rates for non-financial corporations increased, according to data published by the Central Bank of Cyprus on Friday. These statistics are included in the February 2023 Monetary and Financial Statistics edition....
https://knews.kathimerini.com.cy/en/news/another-14-vultures-arrive-from-spain-to-supplement-cyprus-dwindling-population
Another 14 vultures arrived in Cyprus from Spain on Thursday last week as part of a population-boosting action under The LIFE with Vultures project team....
https://knews.kathimerini.com.cy/en/news/cbc-deposits-and-loans-decreased-in-january
Deposits and loans recorded a net decrease this January, according to data published by the Central Bank of Cyprus on Tuesday....
https://knews.kathimerini.com.cy/en/business/germany-turns-to-foreign-and-migrant-workers-to-fill-positions
Germany has decided to turn to migrants as well as foreigners to try and fill job positions as the country continues to face a growing crisis....
https://knews.kathimerini.com.cy/en/news/turkey-pushes-on-rebuilding-as-death-toll-nears-50-000
Turkey has stepped up plans to house victims of the devastating earthquake which struck its border region with Syria, the interior minister said, as the combined death toll in the two countries crept toward 50,000....
https://knews.kathimerini.com.cy/en/news/why-do-norwegian-babies-nap-outside-in-freezing-temperatures
An Australian man living in Norway has clocked more than 14 million views on a clip that shows about a dozen babies sleeping outside in their strollers in freezing temperatures....
https://knews.kathimerini.com.cy/en/news/electricity-subsidies-extended-for-another-two-months
The Council of Ministers, which convened on Wednesday for the last time under outgoing President of the Republic Nicos Anastasiades, approved the extension of a subsidy for the cost of electricity consumption as well as reduced excise for specific products....
https://knews.kathimerini.com.cy/en/business/2023-will-be-the-year-banks-dole-out-dividends
Apart from entering 2023 with inflationary tendencies and following a year with a geopolitical crisis due to the Ukrainian one, it is expected to be the year when the term "dividend distribution,"...
