https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/business/makarios-avenue-struggles-to-fulfill-commercial-expectations
Two years after the official opening of Makarios Avenue (8 December 2021), the commercial success of the street has fallen short of expectations,...
https://knews.kathimerini.com.cy/en/news/cyprus-consortium-s-march-deadline-for-aphrodite-gas-field-revamp
The consortium licensed for Cyprus’ ''Aphrodite'' gas field will update the development and production plan of the field by March 31, as announced by the Minister of Energy, Commerce, and Industry, George Papanastasiou....
https://knews.kathimerini.com.cy/en/news/australia-plans-drastic-cut-in-migration-to-fix-broken-system
Australia's government announces a bold move to slash its annual migration intake by half within two years, aiming to curb the strain on housing and infrastructure. ...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/uk-defence-secretary-explores-humanitarian-aid-routes-to-gaza-during-cyprus-visit
Finding alternative routes for delivering humanitarian aid to the Gaza Strip is a focal point of UK Defence Secretary Grant Shapps' visit to Cyprus and the wider region, as he informed the House of Commons....
https://knews.kathimerini.com.cy/en/news/cyprus-records-remarkable-6-7-jump-in-industrial-index
The latest data from the Industrial Turnover Index for September 2023 show an annual increase of 0.6%, reaching 206.6 units (base 2015=100), compared to the figures recorded in September 2022....
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/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.
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https://knews.kathimerini.com.cy/en/news/agios-dometios-buffer-zone-crisis-sparks-secret-presidential-decisions
Decisions to be implemented if buffer zone situation not restored says President.
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https://knews.kathimerini.com.cy/en/news/ministry-s-robust-€65-2m-budget-signals-ambitious-2024-plans
At 65.2 million euros, the proposed budget of the Ministry of Tourism for 2024 surpasses previous years, accounting for initial budgets and excluding additional expenditures....
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/news/cyprus-robust-11-8-surge-in-household-spending-defies-eu-norms
In 2022, Cyprus experienced a notable 11.8% increase in household final consumption expenditure compared to the previous year, surpassing the EU's overall growth of 4.7%, as reported by Eurostat. ...
https://knews.kathimerini.com.cy/en/news/government-splurges-€1-47m-on-electric-cars-amid-rising-living-costs
In a significant move towards sustainable practices, Mr. Alexis Vafeadis, the Minister of Transport, Communications, and Works, recently accepted a fleet of electric vehicles from Michaels Automotive Ltd....
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/stolen-masterpiece-emerges-in-lancashire-after-60-years
A painting stolen from a New York gallery 60 years ago in a daring $1 million heist has turned up 3,300 miles away in Lancashire....
https://knews.kathimerini.com.cy/en/business/michael-kyprianou-co-llc-receives-cyprus-firm-of-the-year-legal-award-at-who-s-who-legal-awards-2023
Michael Kyprianou & Co LLC has been awarded the Cyprus Firm of the Year Award by Who’s Who Legal (WWL). ...
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....
https://knews.kathimerini.com.cy/en/news/creditors-dispute-foreclosure-laws-and-strategic-defaults
Creditors reluctantly agree to extend the freeze on main residence foreclosures up to €350k, but tensions arise over proposed legislative changes....
https://knews.kathimerini.com.cy/en/news/house-plenary-votes-on-teleworking-bill-what-s-at-stake
In a decisive move, the House plenary convened this afternoon to cast their votes on a groundbreaking teleworking bill, aiming to establish a robust framework for regulating working conditions in the evolving landscape of remote employment....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/michael-kyprianou-co-scoops-prestigious-cyprus-firm-of-the-year
Michael Kyprianou & Co LLC has been awarded the Cyprus Firm of the Year Award by Who’s Who Legal (WWL). ...
https://knews.kathimerini.com.cy/en/news/us-helicopter-crash-claims-5-lives-in-southern-mediterranean
The US military has officially named the five soldiers who lost their lives in a helicopter crash in the Eastern Mediterranean last Friday, as confirmed by a statement from the US Army Special Operations Command on Monday....
https://knews.kathimerini.com.cy/en/business/eurozone-economic-snapshot-november-13-2023
Inflation in the Eurozone, which stood at 10.6% in October 2022, has decreased to 2.9% in October 2023, sparking optimism among central bankers....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/seven-ways-to-boost-cyprus-economy-and-competitiveness
The Cyprus economy needs seven important pillars to respond to the increasingly volatile environment, achieve greater growth, gain a more resilient and competitive economy, and develop innovation and more growth potential, according to PwC CEO Philippos Soseilos....
https://knews.kathimerini.com.cy/en/business/championing-consumer-rights-in-the-digital-era
A Consumer Dialogue event titled "New Consumer Agenda - Challenges ahead" took place at the EU House in Nicosia, addressing critical aspects of consumer protection, consumer rights and obligations in an era marked by the challenges of digitalization and the green transition....
https://knews.kathimerini.com.cy/en/news/titanic-dinner-menu-resurfaces-for-auction
Nearly 111 years following the tragic Titanic disaster, a remarkable array of items that endured one of the deadliest shipwrecks in human history is set to go under the auctioneer's gavel....
https://knews.kathimerini.com.cy/en/news/cyprus-s-mental-health-services-focus-on-prevention
In a world where the challenges of modern life continue to escalate, the importance of comprehensive mental health services cannot be overstated....
