https://knews.kathimerini.com.cy/en/business/moody-s-double-upgrade-ignites-investor-interest
Last Friday, Moody's delivered a double upgrade for Cyprus, propelling the nation into the investment-grade category recognized by all four major financial firms. Although these rankings may appear modest, their real-world impact is substantial....
https://knews.kathimerini.com.cy/en/news/25-new-asylum-examiners-to-speed-processing-and-deter-migrant-arrivals
The Asylum Service of Cyprus has taken a significant step to enhance the efficiency of processing asylum applications by appointing 25 additional asylum examiners, according to Minister of Interior Constantinos Ioannou....
https://knews.kathimerini.com.cy/en/news/€5-600-in-funding-for-tourism-enterprises
In celebration of World Tourism Day, the Cyprus Chamber of Commerce and Industry reaffirms its commitment to supporting Cypriot tourism businesses on their journey toward sustainability.
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https://knews.kathimerini.com.cy/en/news/15-4-spike-in-public-expenditure-for-2024
In the 2024 Budget, there's a notable rise of EUR 0.5 billion in public personnel expenditure. According to the Council of Ministers' approved budget table for 2024, this marks a substantial increase of 496 million euros. In terms of percentages, this surge amounts to 15.4% compared to the personnel expenditure allocated for the public sector in 2023....
https://knews.kathimerini.com.cy/en/news/electricity-bills-to-surge-by-4-56-due-to-soaring-fuel-costs
Households are set to face another financial hit as electricity bills are expected to increase by 4.56%, coinciding with a continued upward trend in energy costs....
https://knews.kathimerini.com.cy/en/news/2024-budget-points-to-surplus-and-debt-reduction
The 2024 budget reflects the clear imprint of our policy priorities, President of the Republic Nikos Christodoulides says in a written statement, adding that the fiscal balance for 2024 is estimated to be surplus, reaching 2.2% of GDP, while the medium-term goal, by 2026, is to reduce public debt to 60%....
https://knews.kathimerini.com.cy/en/news/children-in-cyprus-in-jeopardy-as-31-000-at-risk-of-poverty
In 2022, 24.7% (almost 20 million) of the children (aged less than 18 years) in the EU were at risk of poverty or social exclusion, according to data released by Eurostat, the statistical service of the EU. In Cyprus, this percentage stood at 18.1% (about 31 thousand children)....
https://knews.kathimerini.com.cy/en/news/cyprus-photovoltaics-for-all-cuts-electricity-costs-by-50
In a bold move to expedite the transition to green energy, the Ministry of Energy is gearing up to unveil a groundbreaking solar energy production initiative that promises to reshape the balance between conventional and green energy sources....
https://knews.kathimerini.com.cy/en/news/syprodat-and-government-join-forces-to-end-non-performing-loans
Finance Minister Makis Keravnos expressed satisfaction with the progress made in divestments and the reduction of non-performing loans (NPLs) during a meeting at the Ministry of Finance with SYPRODAT President Costas Melas and Association Director Jenny Papacharalambous....
https://knews.kathimerini.com.cy/en/news/europe-grapples-with-alarming-air-pollution-crisis
Europe is currently in the throes of a severe public health emergency, marked by dangerously high levels of air pollution prevalent across nearly all regions of the continent. ...
https://knews.kathimerini.com.cy/en/business/musk-s-neuralink-calling-for-human-test-subjects
Elon Musk’s controversial biotechnology startup Neuralink opened up recruitment for its first human clinical trial Tuesday, according to a company blog....
https://knews.kathimerini.com.cy/en/business/olive-oil-prices-soar-due-to-shortage-and-weather-woes
The price of olive oil is expected to rise dramatically, possibly exceeding 10 euros per liter and reaching 15 euros in Europe, according to agricultural organizations....
https://knews.kathimerini.com.cy/en/news/cyprus-to-remove-speed-bumps-introduce-cameras-for-safer-roads
The Ministry of Transport in Cyprus is planning to remove speed bumps from roads, except for those located near schools. Minister Alexis Vafeades confirmed this intention, as reported by the website "Offsite News." ...
https://knews.kathimerini.com.cy/en/news/meta-encryption-shields-child-abusers-in-shadows
Mark Zuckerberg’s plan to roll out encrypted messaging on his platforms will let child abusers “hide in the dark”, according to a government campaign urging the tech billionaire to halt the move....
https://knews.kathimerini.com.cy/en/business/consumers-revolt-as-rising-prices-trigger-surge-in-complaints
In recent months, the Pancyprian Consumers Association has been inundated with consumer complaints, particularly following the reinstatement of excise duty on fuel and the termination of electricity subsidies. ...
https://knews.kathimerini.com.cy/en/business/retail-trickery-price-hikes-before-zero-vat-stun-consumers
A recent study by the Cyprus Consumers Association (CCA) has revealed that prices for various essential goods saw artificial increases in the days leading up to the implementation of the zero VAT rate. ...
https://knews.kathimerini.com.cy/en/news/135-debt-reduction-sparks-hope-for-economy
According to the latest data from the Central Bank of Cyprus, the private debt-to-GDP ratio has shown a significant decrease from its peak at the end of the first quarter in 2015 to the end of March 2023. ...
https://knews.kathimerini.com.cy/en/business/halloumi-woes-persist-as-pdo-battle-heats-up
One year after the implementation of an agreement between the Ministry of Agriculture, producers, cheese makers, and KEBE regarding halloumi cheese, issues persist....
https://knews.kathimerini.com.cy/en/news/cyprus-hails-success-of-€300-traffic-fines
The extensive network of traffic cameras across Cyprus has unearthed a concerning revelation....
https://knews.kathimerini.com.cy/en/news/is-cyprus-banking-sector-heading-for-a-shake-up
The Cypriot banking sector is in trouble, and it looks like Eurobank is on the verge of acquiring Hellenic Bank. Meanwhile, Astrobank and CDB Bank's relationship has shifted from a "flirtation" to an "appointment."...
https://knews.kathimerini.com.cy/en/news/cyprus-grapples-with-9-surge-in-food-prices
Many people are struggling with their daily expenses because food prices keep going up, causing financial stress....
https://knews.kathimerini.com.cy/en/news/in-a-historic-first-asylum-applications-drop-by-51
Interior Minister Konstantinos Ioannou announced today that, for the first time in Cyprus' immigrant history, there has been a shift in the balance between migrant arrivals and departures....
https://knews.kathimerini.com.cy/en/news/unemployment-drops-in-august-2023
The number of registered unemployed persons decreased in August 2023, both on an annual and monthly basis, according to data released on Tuesday by the Statistical Service of Cyprus....
https://knews.kathimerini.com.cy/en/news/gov-t-embraces-flexible-work-for-public-servants
The Council of Ministers, in its meeting on August 30, 2023, greenlit a policy framework aimed at regulating flexible employment within the public service. This initiative aligns with the implementation of the Recovery and Resilience Plan 2021-2026....
https://knews.kathimerini.com.cy/en/news/assessing-school-preparedness-are-they-ready-for-the-first-bell
Education is finalizing preparations for the upcoming school year, set to commence on September 7 for secondary and September 11 for primary education. ...
https://knews.kathimerini.com.cy/en/news/average-student-spending-at-€250-as-back-to-school-shopping-begins
A few days before schools reopen (September 7 for secondary and high schools, and September 11 for primary schools), chaos is ensuing in bookstores, stationery shops, and stores selling school attire and sports shoes.
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https://knews.kathimerini.com.cy/en/news/u-turn-on-school-bus-fare-hike
In a reversal that has quelled widespread apprehension, school bus fares will not be subject to an increase after all. The issue has spurred heated debates among organized parents and the Department of Transportation....
https://knews.kathimerini.com.cy/en/business/sailing-back-to-the-future-as-windwings-propel-shipping-s-green-revolution
It seems a bit silly, but merchant shipping which long ago ditched its sails for internal combustion is now switching back, but not to any sail you’ve ever seen....
https://knews.kathimerini.com.cy/en/news/can-sexual-education-truly-safeguard-cyprus-youth
With a small yet significant change in our education system, the new school year is commencing....
https://knews.kathimerini.com.cy/en/news/food-costs-soar-greens-up-25-3-fish-dip-by-15
Increases were noted in 32 out of 45 categories of essential consumer products in the Consumer Product Price Monitor for July 2023, according to the Consumer Protection Service....
