https://knews.kathimerini.com.cy/en/business/big-news-new-eu-data-rules-give-you-more-control
In a significant development, the European Union's Data Act officially came into force today, ushering in a new era for data access and privacy in the EU market. ...
https://knews.kathimerini.com.cy/en/news/dr-anastasatos-forecasts-bright-future-for-cyprus-economy-in-candid-interview
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....
https://knews.kathimerini.com.cy/en/news/new-cameras-ahead-aimed-at-preventing-accidents-on-roads
Serious road accidents have become an open wound for society in Cyprus, with the competent authorities taking additional measures as the systems of photo-signaling and mobile cameras, which may have improved the numbers of accidents compared to previous years, however they did not manage to solve the whole issue....
https://knews.kathimerini.com.cy/en/news/mitsotakis-unveils-stance-on-same-sex-marriage
He opened his cards on the issue of same-sex marriage, which has caused a lot of discussion, yesterday the Prime Minister Kyriakos Mitsotakis......
https://knews.kathimerini.com.cy/en/news/persianis-reveals-limited-cooperation-with-finance-ministry
For the limited cooperation with the Ministry of Finance, for the wrong interpretation of the research with a political prism and for the fiscal risks, the President of the Fiscal Council of Cyprus......
https://knews.kathimerini.com.cy/en/news/tension-peaks-in-cyprus-natural-gas-development
The development of the Natural Gas network of Cyprus has become a tangled mess, as after the delays in the schedules......
https://knews.kathimerini.com.cy/en/business/cyprus-grapples-with-lingering-private-debt-woes
In Cyprus, the European Commission consistently highlights the significant economic challenge of private debt through regular post-program or post-memorandum reports....
https://knews.kathimerini.com.cy/en/news/officials-ponder-responsibility-following-quadruple-fatality
Ambulance crews experience road fatalities on a more personal level. When you rescue someone, you connect with them....
https://knews.kathimerini.com.cy/en/business/as-2023-ends-banks-and-unions-lock-horns-on-pay-structures
The banks and bank employees' unions are at odds over labor issues and the signing of new collective agreements. As we approach the end of 2023, no significant progress has been made in renewing collective agreements during the outgoing year....
https://knews.kathimerini.com.cy/en/news/surge-in-syrian-asylum-seekers-amid-drop-in-african-arrivals
The Ministry of Interior disclosed an uptick in asylum applications from Syrians, predominantly arriving by sea, citing challenges in managing these individuals due to the perilous conditions in their home country. ...
https://knews.kathimerini.com.cy/en/news/half-of-cyprus-loans-vulnerable-to-euribor-and-ecb-rates
Half of the loans in Cyprus are "vulnerable" to euribor and the European Central Bank's (ECB) key rates. In 2024 and 2025, we may not expect further increases, but rather possible decreases, according to the Central Bank of Cyprus' Financial Stability Report for 2022....
https://knews.kathimerini.com.cy/en/news/cyprus-expands-diplomatic-footprint-bolsters-migration-management-efforts
President Nicos Christodoulides, leading the Council of Ministers at the Presidential Palace, announced significant developments in Cyprus' foreign policy and measures taken to address migration challenges....
https://knews.kathimerini.com.cy/en/business/businesses-to-cut-greenhouse-gas-targets-by-10
Businesses revise climate targets as reality of long-term sustainability transformation hits. Sustainability progress plateaus as short-term pressures and external forces hit CSO agenda....
https://knews.kathimerini.com.cy/en/news/cbc-warns-of-non-performing-loan-surge-amid-economic-challenges
The Central Bank of Cyprus (CBC) issued a warning on Monday, cautioning about the potential influx of non-performing loans (NPLs) driven by high-interest rates and inflation, which are impacting households' disposable income and businesses' profitability....
https://knews.kathimerini.com.cy/en/news/interior-minister-highlights-75-reduction-in-african-arrivals
In bilateral meetings held in Geneva, Interior Minister Konstantinos Ioannou emphasized the shift from illegal to legal migration channels, as stated in a press release by the Interior Ministry on Friday. ...
https://knews.kathimerini.com.cy/en/business/greek-retailer-kotsovolos-fined-€2-million-for-misleading-discounts
The Minister of Development, Kostas Skrekas, has levied a 2 million euro fine on the company "Dixons South-East Europe Commercial and Industrial Company of Electrical, Information Technology,...
https://knews.kathimerini.com.cy/en/news/non-performing-loans-take-a-€95m-dive
As of the end of September 2023, the total Non-Performing Loans (NPLs) in the banking system of Cyprus further decreased to €2.02 billion compared to €2.08 billion at the end of August.
...
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/business/cyprus-economy-receives-positive-rating-boost
Fitch, the International Rating Agency, upgraded Cyprus' long-term rating to positive, citing economic resilience and fiscal strength. The agency affirmed the 'BBB' rating, previously upgraded in March 2023. ...
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/committee-debates-cutting-traffic-violation-fines-in-half
The Parliamentary Committee on Transport convened today to deliberate on the potential reduction of extrajudicial fines for traffic light violations. ...
https://knews.kathimerini.com.cy/en/news/renewable-energy-hits-17-2-eyes-soaring-heights-in-2023
The share of energy consumption from renewable energy resources (RES) in 2022 has reached 17.2% in Cyprus and is expected to increase further in 2023 and in the following years, according to the annual report of the Cyprus Energy Regulatory Authority (CERA) for 2022 presented on Wednesday to the President of the Republic Nikos Christodoulides....
https://knews.kathimerini.com.cy/en/comment/opinion/hands-off-my-tahinopita
The Auditor-General hinted at the President's earnings during his tenure as Government Spokesperson, prompting Victor Papadopoulos to respond that everything was known and legal....
https://knews.kathimerini.com.cy/en/business/electricity-bills-to-drop-by-12-starting-november-1
In a recent announcement, consumers in Cyprus can expect a 12% reduction in their electricity bills starting November 1. ...
https://knews.kathimerini.com.cy/en/news/government-achieves-historic-50-drop-in-asylum-applications
There is a 50% reduction in the period March-October 2023 in new asylum applications compared to the 2022 corresponding period, the Interior Ministry said on Tuesday, noting at the same time that for the first time, the overall balance of arrivals-returns presents a positive picture, and Cyprus is now ranking in the first places among European states in absolute numbers of returns....
https://knews.kathimerini.com.cy/en/news/fiscal-council-cautions-on-2024-economic-risks-despite-optimism
Recently, the Cyprus Fiscal Council took a close look at how our economy is doing. They gave us some important info based on their study....
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/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/eu-commissioner-s-urgent-call-for-sustainable-pesticides-reform
In a significant move for environmental and agricultural sustainability, the European Commission put forth legislative proposals in June 2022 aimed at curbing the use of the most hazardous pesticides. The proposal outlines a bold plan to achieve a 50% reduction by 2030....
