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31. Dr. Anastasatos forecasts bright future for Cyprus economy

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....

32. Far-right and conservatives gain momentum in Europe

The far-right and conservative parties are gaining strength across Europe, while the possibility of reaching up to 29% of the seats in the European Parliament is visible, explains to "K" Tobias Gerhard Schminke, founder of the platform for collecting electoral data Europe Elects....

33. Cyprus tax reform targets green initiatives and economic revitalization

By March 2024, the initial six phases of the tax transformation project commissioned by the Ministry of Finance to the Centre for Economic Research of the University of Cyprus will conclude,...

34. Cabinet approves free preschool for 4-year-olds

The Council of Ministers today greenlit the expansion of free pre-primary education for 4-year-olds, announced Education Minister Athina Michaelidou following the conclusion of the Cabinet meeting....

35. European Commission disburses funds to six member states

The European Commission disbursed payments to six Member States Thursday, under the Recovery and Resilience Facility (RRF)....

36. EC allocates recovery funds to six member states

The European Commission disbursed payments to six Member States on Thursday, marking a milestone in the implementation of the Recovery and Resilience Facility (RRF). ...

37. Themis Themistocleous 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. ...

38. Government joins elite with third plea for €152.3M

Acting Permanent Secretary of DG Growth at the Finance Ministry, Andreas Zachariades, said on Thursday that as of Friday, Cyprus will be among the first ten EU member states that have submitted the third payment request from the Recovery and Resilience Mechanism of the EU....

39. Chinese elite move billions abroad in economic shift

In a remarkable shift this year, affluent Chinese have moved hundreds of billions of dollars out of the country, capitalizing on the end of COVID precautions that had tightly sealed China's borders for nearly three years....

40. EU struggles with Hungary's blockade on Ukraine's accession and funding release

Efforts to prepare for the summit of the 27 European Union heads of state continued in a tense atmosphere until Friday....

41. Cyprus allocates 65M euros for diverse tourism initiatives in 2024

The National Tourism Strategy's update has recently concluded, announced by Deputy Minister Kostas Koumis, known as "K." This undertaking commenced shortly after his assumption of office in March 2023, with an initial target to finalize it by the year's end. ...

42. 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....

43. Cyprus eyes $1.22 billion for electric cars

Cyprus is set to undergo a transformative phase with its revised Recovery and Resilience Plan, valued at $1.22 billion....

44. Elizabeth McCaul unveils hidden financial dangers

A strong signal highlighting the need for closer scrutiny of non-bank financial institutions comes from Frankfurt, as Elizabeth McCaul, a member of the European Central Bank's Supervisory Board, emphasizes the potential risks....

45. Minister unleashes 4% boost for retirees

In a significant move to enhance the well-being of pensioners, Labor and Social Insurance Minister Yiannis Panayiotou declared a nearly 4% increase in basic pensions for the upcoming year....

46. Ministry secures €245 million boost for business growth in 2027

A total of €245 million has been secured by the Ministry of Energy, Commerce and Industry for the new programming period up to 2027, which will be made available to businesses through targeted grant plans with an emphasis on absorbing and utilising as many resources as possible from European Funds, including the Recovery and Resilience Fund, Energy Minister George Papanastasiou said on Friday, speaking at the General Electoral Assembly of the Paphos Chamber of Commerce and Industry....

47. €3.93 billion windfall from EU on the horizon

The funds absorbed by Cyprus from European funds have exceeded the amount of Cyprus's contributions to the EU, said member of the EU Court of Auditors, Lefteris Christoforou, presenting the annual report of the Court for 2022 to President of the House of Representatives Annita Demetriou on Thursday....

48. EAC brings 400,000 smart meters for all

Demetris Nathaniel, EAC's Deputy Press Spokesman, informed K that the first 40,000 smart meters will be operational by the first half of 2024, with the remainder to be installed within 2-3 years....

49. Keravnos expects more from banks to boost Cyprus economy

The Cyprus economy has proven its resilience in recent years, Finance Minister Makis Keravnos said Tuesday at the 4th Conference "Banking System: New Challenges and Opportunities", that takes place in Nicosia, noting that there are still challenges that the banking sector must address....

50. US plane brings captives back home

The plane carrying five American citizens freed as part of a deal between the U.S. and Iran have now landed back home in the United States....

51. K. Treppides & Co Ltd: Cyprus financial market recovery or impending closure? Uncovering hidden risks

52. Recovery and Resilience measures target non-performing loans

In a move to address Non-Performing Loans (NPLs) and maximize European funds, Minister of Finance, Makis Keravnos, announced the approval of an action plan under the Recovery and Resilience Plan. ...

53. Cyprus boosts energy sector with €104m revamp

The Republic of Cyprus has submitted a revised Recovery and Resilience Plan to the European Commission, incorporating the REPower EU chapter with an additional allocation of €104 million....

54. KEPA's free workshops to lead the way

In an era dominated by digital advancements, the Center for Productivity (KEPA), in collaboration with the Ministry of Labor and Social Insurance and the Deputy Ministry of Research, Innovation, and Digital Policy, is set to launch an array of free training programs aimed at enhancing digital skills across all age groups....

55. EuroAsia interconnector seeks alternative funding

The developer of the EuroAsia Interconnector is seeking alternative funding avenues to construct Cyprus' electricity interconnection with the European Union, following the European Investment Bank's rejection of a loan request. ...

56. Over-70 victims of Maui fires identified

As the first victims of the fires that scorched Maui are identified by authorities and family members, an early pattern has emerged. Many who perished were over the age of 70....

57. EuroAsia interconnector loan denied by European Investment Bank

The European Investment Bank will not approve a loan for financing the electricity interconnection project between Cyprus, Greece, and Israel through the EuroAsia Interconnector, as confirmed by a representative from the EIB in an interview with "K" magazine....

58. Cyprus approves €35M plan for high-speed internet in rural areas

Cyprus Commissioner for state aid control Stella Michaelidou announced the approval of a €35-million subsidy scheme aiming to create very high capacity network (VHCN) connectivity in mainly rural areas that do not attract private sector interest....

59. The EuroAsia saga continues

In a statement to ''K'' news, the European Commission expressed its appreciation for the recent signing of the cable purchase agreement for the EuroAsia Interconnector....

60. EuroAsia Interconnector secures record-breaking contract

Paris-based Nexans will undertake the construction and installation of the High Voltage Direct Current (HVDC) Cable Systems, marking a significant milestone in the EuroAsia Interconnector project. ...