https://knews.kathimerini.com.cy/en/news/banks-eye-over-1-billion-euro-profits-in-2023
Cypriot banks, including the Greek bank, are poised to rake in substantial profits for 2023, benefitting from the European Central Bank's interest rate hikes....
https://knews.kathimerini.com.cy/en/business/consumers-asked-to-roll-with-it-as-toilet-paper-surges-and-fresh-fish-takes-a-dive
In October, the cost of toilet paper surged by 17.4% compared to September, while fresh fish prices experienced a corresponding decrease of 17.4%, as per the Consumer Protection Agency's Consumer Price Watch report. ...
https://knews.kathimerini.com.cy/en/news/choosing-between-heating-and-eating
A recently released report from the French charity Secours Catholique underscores the alarming rise in poverty numbers, with a record one million people seeking assistance in 2022, up from 780,000 the previous year. ...
https://knews.kathimerini.com.cy/en/news/nations-unite-for-a-tobacco-free-tomorrow
There is a growing number of countries implementing measures to curb smoking, to eradicate the habit in future generations. Portugal, Canada, Australia, France, New Zealand, Mexico, and the UK are among those taking steps to create a smoke-free generation....
https://knews.kathimerini.com.cy/en/news/can-political-will-overcome-the-stigma-blocking-a-lifesaving-facility
In the heart of Dublin, a groundbreaking solution to Ireland's third-highest overdose death rate faces a decade-long delay....
https://knews.kathimerini.com.cy/en/news/hiv-patients-denied-care-forced-to-halt-medication
In 2023, although HIV is no longer contagious, HIV-positive patients in Cyprus continue to face marginalization and social exclusion when taking medication....
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/central-banks-across-europe-hold-firm-amidst-rate-cut-speculations
Europe's top central bankers have affirmed that despite market expectations for a reduction due to weakening growth, interest rates will persist at elevated levels. ...
https://knews.kathimerini.com.cy/en/news/reduced-prices-in-fuel-expected-soon
Further reductions in fuel prices are expected in the coming period....
https://knews.kathimerini.com.cy/en/business/cyprus-banks-bracing-for-profit-squeeze-according-to-moody-s
Moody's believes that Cyprus' small and saturated banking sector, the banks' limited loan portfolio, and low fee and commission income will restrict opportunities for growth in domestic banks' activities and profitability in the long term....
https://knews.kathimerini.com.cy/en/news/a-decade-ago-amazon-launching-drones-for-parcel-deliveries
Exactly a decade ago, Amazon revealed a program that aimed to revolutionize shopping and shipping. Drones launched from a central hub would waft through the skies delivering just about everything anyone could need....
https://knews.kathimerini.com.cy/en/news/the-mystery-of-cyprus-social-insurance-fund
The Republic of Cyprus achieved its first significant milestone with the establishment of the Social Insurance System, originally introduced during the colonial era. ...
https://knews.kathimerini.com.cy/en/news/will-foreclosures-plague-2023
There is a race against time, with only a few weeks left to address the issue of foreclosures and enhance the framework....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-and-hellenic-bank-upgraded-by-fitch
Fitch Ratings has delivered significant upgrades to the two largest Cypriot banks, Bank of Cyprus and Hellenic Bank, signaling a positive turn in Cyprus's economic landscape and a bright outlook for both financial institutions....
https://knews.kathimerini.com.cy/en/news/standing-pods-and-robot-flight-attendants-on-2050-airline-cabins
Artificial intelligence can be brutally honest and play up to stereotypical views - as Irish budget airline Ryanair found out recently....
https://knews.kathimerini.com.cy/en/news/fitch-upgrades-hellenic-s-long-term-rating-to-bb-with-stable-outlook
In a recent announcement, Fitch Ratings raised Hellenic Bank's long-term rating from "BB-" to "BB+" and assigned a stable outlook to the bank. The agency also upgraded the bank's Viability Rating (VR) to "bb+" from "bb-."...
https://knews.kathimerini.com.cy/en/news/cyprus-rcords-remarkable-17-4-decrease-in-registered-unemployed
In October 2023, the number of registered unemployed persons in Cyprus exhibited a significant decline, marking a 17.4% decrease, equivalent to 1,951 individuals, as reported by the Statistical Office. ...
https://knews.kathimerini.com.cy/en/news/hellenic-employees-want-share-of-bank-s-excess-profits
The Cyprus Bank Employees' Union (CBCU) has called for a three-hour work stoppage at all Hellenic Banks on Monday, November 6, 2023, from 3:00 p.m. to 6:00 p.m....
https://knews.kathimerini.com.cy/en/news/producers-and-importers-join-forces-to-tackle-tobacco-product-waste
Producers and importers of tobacco products with filters have embarked on a significant environmental initiative, aligning themselves with the European Directive 2019/904/EU....
https://knews.kathimerini.com.cy/en/news/jetblue-challenges-klm-s-jfk-presence-over-amsterdam-flight-reductions
JetBlue has asked the U.S. Department of Transportation to remove KLM Royal Dutch Airlines from John F. Kennedy International Airport after the Dutch government announced plans to reduce flights at Amsterdam’s Schiphol Airport....
https://knews.kathimerini.com.cy/en/news/€16-billion-in-energy-investments-for-2021-2030
Cyprus' investment footprint in the energy sector is small but not insignificant, with expected investments in the sector amounting to over €16 billion for the decade 2021-2030, experts said at the third and fourth sessions of the 11th energy symposium, organised by FMW and the Institute of Energy of South East Europe in Nicosia on Tuesday....
https://knews.kathimerini.com.cy/en/news/minister-vafeadis-clarifies-penalties-for-traffic-violations
Transport Minister Alexis Vafeadis addressed inquiries about potential reductions in fines related to traffic cameras during his appearance on SIGMA. ...
https://knews.kathimerini.com.cy/en/news/labour-minister-discusses-pension-relief-proposal-on-spor-fm
Greek Minister of Labour Yannis Panagiotou addressed the proposal to exempt the basic pension from the actuarial reduction of 12% for employees with 40 years of contributions during an interview with SPOR FM and the show Diaspora News....
https://knews.kathimerini.com.cy/en/news/minister-vows-smart-lights-rule-over-timers
In a recent presentation of the Ministry of Transport's 2024 budget to the Finance Committee, Minister of Transport, Alexis Vafeadis, categorically stated that there will be no timers installed at traffic lights until at least March or April 2024. ...
https://knews.kathimerini.com.cy/en/news/full-basic-pension-exempted-from-actuarial-reduction
The Minister of Labor, Yiannis Panayiotou, presented a proposal at the Social Insurance Council meeting, exempting the full basic pension from a 12% actuarial reduction for employees with 40 years of contributions. This proposal aims to relieve actuarial reductions for early pensions.
...
https://knews.kathimerini.com.cy/en/news/minister-reveals-startling-quadrupling-of-cocaine-users-in-two-decades
The Minister of Justice and Public Order, Anna Koukkides Procopiou, revealed a significant rise in cocaine use in Cyprus, with the number of users estimated to have quadrupled in the past two decades....
https://knews.kathimerini.com.cy/en/news/government-s-fuel-tax-reduction-faces-24-hour-delay
The government's plan to reduce the consumption tax on fuel is encountering a significant delay, postponing the expected relief for consumers....
https://knews.kathimerini.com.cy/en/business/ecb-maintains-interest-rates-amid-tightening-impact
The European Central Bank (ECB) has opted to maintain interest rates unchanged for the first time in over a year, marking a shift following 10 consecutive rate hikes. ...
https://knews.kathimerini.com.cy/en/life/dhiraj-mukherjee-from-shazam-success-to-paying-it-forward
In this insightful interview, Dhiraj Mukherjee, the co-creator of Shazam, shares his experiences and philosophy on shaping the future. Notably, after the remarkable success of Shazam, which he co-founded and later sold to Apple for a substantial sum of around 400 million, Dhiraj has been actively paying it forward....
https://knews.kathimerini.com.cy/en/news/government-support-package-under-fire-for-short-term-fixes
The government's package of support measures has been criticized by the Pancyprian Association of Consumers and Quality of Life, which claims these solutions are only temporary and patchwork....
