https://knews.kathimerini.com.cy/en/news/central-bank-revises-gdp-growth-to-3
The Central Bank of Cyprus (CBC) made a conservative upward revision to the GDP growth rate for 2024, by 0.2 percentage points, to 3%......
https://knews.kathimerini.com.cy/en/business/cypriot-banks-show-resilience-amid-challenges-reports-central-bank-governor
Despite the continuous challenges, the Cypriot banking system continues to register a positive course, which is reflected in the main supervisory indicators, Governor of the Central Bank of Cyprus (CBC), ...
https://knews.kathimerini.com.cy/en/news/turkish-stray-dog-law-ignites-protests-over-threat-of-mass-killings
Turkish legislators have approved a controversial law aimed at removing millions of stray dogs from the country’s streets, a move that animal rights activists fear could lead to widespread euthanasia or overcrowded shelters....
https://knews.kathimerini.com.cy/en/news/cyprus-to-decide-on-great-sea-interconnector-this-august
Important decisions concerning the Great Sea Interconnector, an electric cable linking Cyprus and Greece, are anticipated in August. ...
https://knews.kathimerini.com.cy/en/comment/opinion/mep-votes-against-von-der-leyen-after-social-media-poll
Last week, Independent MEP Phidias Panayiotou announced on social media that he would vote against Ursula von der Leyen in the crucial vote for the next Commission president. ...
https://knews.kathimerini.com.cy/en/news/multiple-violations-on-pervolia-beaches
An official from the Office of the Environment Commissioner has uncovered several violations on the beaches of Pervolia, including unauthorized shacks operating as bars, use of electricity, absence of a lifeguard tower, and vehicle movement on the beaches....
https://knews.kathimerini.com.cy/en/news/chamber-of-commerce-warns-of-risks-from-cyprus-1-5-wage-hike
The Cyprus Chamber of Commerce and Industry (CCCI) has expressed concern over a new agreement between the Ministry of Finance and public sector unions to grant a 1.5% general wage increase starting in October 2024....
https://knews.kathimerini.com.cy/en/news/hidden-threat-trifluoroethanoic-acid-found-in-european-drinking-water
A recent study has uncovered a concerning issue in Europe's drinking water: the presence of trifluoroethanoic acid (TFA), a chemical that current tests don't detect. The study, conducted by PAN Europe, found TFA in tap water and bottled mineral water across several European countries....
https://knews.kathimerini.com.cy/en/news/cyprus-grapples-with-energy-future-amid-interconnector-debate
The Cyprus Energy Regulatory Authority (CERA) has summoned ADMIE, the country's electricity grid operator, for a crucial meeting on July 15 to discuss new data that could potentially alter a decision barring charges to Cypriot consumers ahead of the Great Sea Interconnector project's implementation....
https://knews.kathimerini.com.cy/en/news/cyprus-risks-losing-€657m-eu-grant-for-interconnector-project-says-energy-minister
Energy Minister George Papanastasiou expressed concerns over the potential withdrawal of a €657 million subsidy by the European Commission for the electricity interconnection project between Cyprus and Greece......
https://knews.kathimerini.com.cy/en/news/temu-shein-ali-express-eu-cracks-down-on-chinese-imports
The European Union is taking steps to clamp down on the surge of low-quality Chinese imports flooding its markets. According to sources speaking to the Financial Times, the EU plans to impose tariffs on cheap products from platforms like Temu, Shein, and AliExpress....
https://knews.kathimerini.com.cy/en/news/how-france-s-nationalist-shift-could-shape-cyprus-future
In France, the prospect of nationalists potentially clinching a decisive majority in the upcoming parliamentary elections has stirred apprehension in Brussels and Berlin....
https://knews.kathimerini.com.cy/en/news/great-seat-interconnector-study-outlines-benefits-july-11
The Greek Regulatory Authority for Energy (RAAEU) has made a significant decision regarding the methodology for calculating the regulated revenue......
https://knews.kathimerini.com.cy/en/news/european-commission-targets-tiger-mosquitoes-in-cyprus-with-€500-000-initiative
The European Commission announced on Friday a new initiative to eradicate Aedes aegypti mosquitoes in Cyprus....
https://knews.kathimerini.com.cy/en/comment/opinion/why-building-a-home-is-rare-today
As discussed in our previous article, the housing landscape in our country is changing, with home ownership rates decreasing and aligning with the European average. ...
https://knews.kathimerini.com.cy/en/business/dsv-and-unicef-announce-partnership-to-increase-access-to-essential-supplies-for-children-worldwide
The new strategic partnership will provide rapid emergency responses while strengthening national supply chains....
https://knews.kathimerini.com.cy/en/business/heatwave-halts-deliveries-stores-see-orders-plunge-by-up-to-80
A noticeable decrease in store order volume was caused by high temperatures and work stoppages following warnings from the Department of Labor Inspection....
https://knews.kathimerini.com.cy/en/news/two-shipwrecks-off-italy-leave-11-dead-and-64-missing
According to the International Organization for Migration (IOM), more than 3,150 migrants died or went missing in the Mediterranean last year, making it the deadliest migration route in the world....
https://knews.kathimerini.com.cy/en/news/cyprus-faces-crisis-with-120-illegal-waste-sites-igniting-fires
In Cyprus, there are approximately 120 illegal waste sites, with the Fire Service in the Nicosia district responding to 45 incidents in the past two years alone, as disclosed by the Parliamentary Environment Committee on Wednesday. MPs have urged relevant authorities to take decisive action....
https://knews.kathimerini.com.cy/en/news/standard-poor-s-upgrades-bank-of-cyprus-rating
Standard & Poor’s (S&P) has upgraded Bank of Cyprus’ long-term issuer rating to BB+, just one notch below investment-grade status, and assigned a positive outlook. This comes shortly after the upgrade of Cyprus’ long-term rating to BBB+, also with a positive outlook....
https://knews.kathimerini.com.cy/en/news/cyprus-to-sell-1-billion-bond-after-improved-credit-ratings
The Republic of Cyprus is expediting its return to the financial markets, seeking to leverage recent credit rating upgrades by Fitch and Standard & Poor's......
https://knews.kathimerini.com.cy/en/news/cbc-projects-3-gdp-growth-in-2024
The Central Bank of Cyprus has revised its 2024 forecast for GDP growth to 3%, from 2.8% that was expected last March, mainly due to the upward revision of domestic demand, while it maintained its forecast for growth in the years 2025 and 2026, at 3.1% and 3.2%, respectively....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-reforms-are-a-comedy-of-errors-in-governance
Following last Sunday's vote, the much-publicized local government reform will take effect on July 1. This, like many other reforms, has been carried out in typical Cypriot fashion. ...
https://knews.kathimerini.com.cy/en/news/us-surgeon-general-urges-social-media-warning-labels
In a bold move aimed at protecting youth mental health, US Surgeon General Vivek Murthy has proposed mandatory warning labels on social media platforms, akin to those found on cigarette packages. ...
https://knews.kathimerini.com.cy/en/news/ft-biden-eases-path-to-citizenship-for-500-000-undocumented-spouses
President Joe Biden is set to announce a major reform to U.S. immigration policy, offering up to 500,000 undocumented spouses of American citizens an easier path to legal status and U.S. citizenship. ...
https://knews.kathimerini.com.cy/en/news/geroskipou-awakes-to-explosion-solar-heater-suspected
An early morning explosion on Tuesday startled residents in the quiet neighborhood of Geroskipou. The blast, originating from a home solar water heater, caused significant damage but resulted in no injuries....
https://knews.kathimerini.com.cy/en/news/banks-blame-high-interest-rates-for-decline-of-new-loans
Loan demand continued to fall in the first quarter of 2024, with banks blaming high interest rates for the decline. ...
https://knews.kathimerini.com.cy/en/comment/opinion/europe-s-right-wing-surge
The votes are still being counted, but the European Parliament election results point to a surge of support for right-wing and far-right parties....
https://knews.kathimerini.com.cy/en/business/fitch-upgrades-cyprus-to-bbb
Fitch Ratings has upgraded Cyprus' Long-Term Foreign Currency Issuer Default Rating from 'BBB' to 'BBB+' with a positive outlook....
https://knews.kathimerini.com.cy/en/news/heatwave-forces-classes-outdoors-due-to-lack-of-air-conditioning
As Cyprus endures a sweltering heatwave with temperatures reaching 45 degrees Celsius, public school teachers have been forced to hold classes outdoors due to the lack of air conditioning. The extreme heat has rendered classrooms unbearable, prompting educators to seek any available shade....
