https://knews.kathimerini.com.cy/en/news/strong-occupancy-rates-over-long-weekend-translates-into-thriving-leisure-sector
Occupancy in leisure businesses throughout Cyprus ranged from 75% to 80% during the Pentecost long weekend, known in Cyprus as Kataklysmos (Inundation), according to the Federation of Recreation Centres (OSIKA)....
https://knews.kathimerini.com.cy/en/news/imf-says-cyprus-untouched-by-war-fallout
The economy of Cyprus is expected to slow to around 2.5% in 2023, reflecting an erosion in household incomes, tighter financial conditions, and delayed impacts from sanctions against Russia, International Monetary Fund forecasts, after the conclusion of the Article IV consultation with Cyprus...
https://knews.kathimerini.com.cy/en/news/new-plan-to-safeguard-vulnerable-groups-homes-nears-approval
The Director of the Press Office of the President of the Republic, Victor Papadopoulos, announced that a new plan to safeguard the first homes of vulnerable groups in Cyprus is on the horizon. ...
https://knews.kathimerini.com.cy/en/news/california-electricity-bills-based-on-your-paycheck
Most of the time, what you pay for electricity or water or gas depends on how much you use. Leave the air conditioner and the lights on all night, and your electricity bill will spike. Take long, relaxing bubble baths every day, and your water bill will climb....
https://knews.kathimerini.com.cy/en/news/pentecost-weekend-to-boost-tourism-in-protaras
Last-minute reservations are typical for the Pentecost long weekend, as described by tourism professionals....
https://knews.kathimerini.com.cy/en/business/why-are-food-prices-so-high-in-europe
It is the most basic of staple food items: sliced white bread. In Britain, the average price of a loaf was 28 percent higher in April, at 1.39 pounds, or $1.72, than it was a year earlier....
https://knews.kathimerini.com.cy/en/business/cyprus-unemployment-higher-than-eu-average
In 2022, the unemployment rate of people aged 15-74 in Cyprus was 6.8%, a little higher than the EU average (6.2%), according to data released by Eurostat, the statistical service of the EU, with data recording a large variation across the EU’s NUTS 2 regions. The unemployment rate among the young was also above the EU average in Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-ranks-low-in-unmet-medical-needs-for-children-but-dental-care-concerns-arise
Cyprus stands out as one of the countries with the lowest rates of children under 16 living in households with unmet medical needs, according to recent data released by Eurostat, the statistical service of the EU. However, when it comes to unmet dental care needs, Cyprus slightly exceeds the EU average....
https://knews.kathimerini.com.cy/en/news/energizing-surprise-abundance-of-energy-sends-prices-plummeting-in-finland
Finland was dealing with an unusual problem on Wednesday: clean electricity that was so abundant it sent energy prices into the negative....
https://knews.kathimerini.com.cy/en/news/cyprus-leads-in-new-asylum-applicants-per-population-but-overall-numbers-decrease
Cyprus had the highest rate of new applicants for asylum compared to its population in February 2023, according to data released by Eurostat, the statistical service of the EU. At the same time, however, new asylum applications have significantly reduced compared to last year....
https://knews.kathimerini.com.cy/en/business/cyprus-economy-continues-to-shine-in-april
The Cyprus Composite Leading Economic Index (CCLEI) continued its positive year-over-year growth trend in April 2023, providing further support for the economic forecasts of the Cypriot economy....
https://knews.kathimerini.com.cy/en/comment/opinion/real-estate-a-closer-look-at-prices-and-rental-trends
With the chapter on imposing a reduced VAT rate of 5% on primary residences as a social policy measure finally moving towards resolution, an unresolved issue that has been lingering in the real estate market for years is being addressed....
https://knews.kathimerini.com.cy/en/news/declining-rates-of-early-school-leavers-cyprus-outperforms-eu-target
The share of “early school leavers” (young people aged 18-24 leaving early from education and training after having completed at most a lower secondary education) has steadily decreased in the EU over the last 10 years,...
https://knews.kathimerini.com.cy/en/business/2-may-newsletter-of-k-treppides-co-ltd-cysec
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/france-24-the-dark-side-of-higher-education-in-occupied-cyprus
According to a report from France 24, education has become the leading economic sector in occupied Cyprus. ...
https://knews.kathimerini.com.cy/en/business/cbc-urges-banks-to-embrace-transformation-for-sustainablefuture
Constantinos Herodotou, Governor of the Central Bank of Cyprus, emphasized the need for Cypriot banks to seize the current favorable circumstances and address impending challenges during his speech at the 2023 ICPAC Mediterranean Finance Summit held in Limassol on Thursday....
https://knews.kathimerini.com.cy/en/comment/opinion/nationalism-the-big-winner-in-turkish-elections
He may have failed to get elected in the first round of the Turkish presidential elections, and that is obviously a blow to him, especially given his absolute control over the media, but Recep Tayyip Erdogan did not suffer the defeat that the West had hoped for. ...
https://knews.kathimerini.com.cy/en/news/empowering-parenthood-health-ministry-s-innovative-plan-for-fertility
The Ministry of Health is spearheading an innovative legislative push for assisted reproduction and subsidizing infertility treatments, according to Minister Popi Kanari. ...
https://knews.kathimerini.com.cy/en/business/0-vat-rate-the-second-round
Almost two weeks after the zeroing of the tax rate on seven products (bread, eggs, milk, baby diapers, baby food, feminine hygiene products, and adult diapers), the Ministry of Finance and the Ministry of Commerce are in discussions regarding the next list of products that will have a low or reduced tax rate....
https://knews.kathimerini.com.cy/en/business/1-may-newsletter-of-k-treppides-co-ltd-cysec
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/turkey-faces-runoff-election-with-erdogan-leading
Turkey headed for a runoff vote after President Tayyip Erdogan led over his opposition rival Kemal Kilicdaroglu in Sunday's election but fell short of an outright majority to extend his 20-year rule of the NATO-member country...
https://knews.kathimerini.com.cy/en/news/why-do-young-people-in-cyprus-struggle-to-secure-a-home-loan
Young people are facing difficulties in securing mortgage loans due to a number of factors, according to economist Tasos Yasemidis....
https://knews.kathimerini.com.cy/en/news/cyprus-tackles-alarming-rates-of-antibiotic-consumption
Cyprus is facing a serious problem with the consumption of antibiotic drugs and is now implementing a surveillance program on antibiotic prescriptions in outpatient health care in collaboration with the Health Insurance Organization....
https://knews.kathimerini.com.cy/en/news/central-bank-governor-projects-higher-economic-growth-for-2023
On Tuesday, Constantinos Herodotou, the Governor of the Central Bank of Cyprus, announced that the Cypriot economy is projected to grow in 2023 at a higher rate than the Eurozone average. ...
https://knews.kathimerini.com.cy/en/business/interest-rates-rise-for-housing-and-corporate-loans
Interest rates for housing loans in March 2023 increased by 1.25% compared to February 2023, while interest rates for corporate loans also rose, according to statistics released Friday by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/business/q1-2023-sales-reach-€1-7-billion-despite-challenges
During the first quarter of 2023, the total value of properties sold was €1.7 billion. Despite facing numerous challenges that are starting to impact the real estate market, it has shown resilience...
https://knews.kathimerini.com.cy/en/business/expanding-profitability-and-strengthening-capital-position
Group Financial Results for the year ended December 31, 2022...
https://knews.kathimerini.com.cy/en/business/astrobank-reward-plan-for-good-borrowers
Astrobank is currently developing a plan to reward its consistent borrowers by providing relief for those who have mortgage loans worth up to €350,000....
https://knews.kathimerini.com.cy/en/business/employers-and-trade-unions-clash-over-cola-index-proposal
Today, Wednesday, May 3rd, employers will have a meeting regarding the Cost of Living Adjustment (CoLA) index, and on Thursday, May 4th, the trade unions will have theirs....
https://knews.kathimerini.com.cy/en/news/banks-announce-measures-on-interest-rates
Since July 2022, lending rates in Cyprus have risen by 3.5%, putting borrowers in a difficult position with dangerously increasing loan repayments....
