https://knews.kathimerini.com.cy/en/business/eurobank-eyes-support-for-internet-cable-connecting-europe-and-asia
Eurobank, initially hesitant about financing the East to Med Data Corridor (EMC) cable system, is now contemplating entering the second round of funding for the mega project....
https://knews.kathimerini.com.cy/en/news/cyprus-a-familiar-economic-space-for-greece
In an interview conducted by Kathimerini reporter Panayiotis Rougalas, Greece's Central Bank Governor, Mr. Yiannis Stournaras, sheds light on various aspects of the country's monetary policy and economic landscape....
https://knews.kathimerini.com.cy/en/news/unemployment-rate-drops-while-inflation-inches-up
The latest data from the Cyprus Statistical Service reveals a positive shift in the country's economic landscape, with the unemployment rate falling to 5.9% in the fourth quarter of 2023, compared to 6.9% in the same period the previous year....
https://knews.kathimerini.com.cy/en/news/athens-dinner-marks-60-years-of-cyprus-ship-registry
The Deputy Ministry of Shipping held a dinner in Athens on Tuesday, in the presence of Deputy Minister of Shipping of the Republic of Cyprus Marina Hadjimanolis, to mark the 60th anniversary since the establishment of the Cyprus Ship Registry....
https://knews.kathimerini.com.cy/en/news/ecb-considers-rate-cut-despite-falling-inflation
The European Central Bank is set to keep interest rates at record highs on Thursday and take baby steps towards cutting them in the coming months as inflation continues to fall despite stubbornly high underlying price pressures....
https://knews.kathimerini.com.cy/en/news/hotel-industry-faces-backlash-over-residence-fees
The inclusion of a residence tax within the framework of the green tax reform, affecting hotels, tourist accommodations, and Airbnb, is expected to trigger reactions within the hotel industry....
https://knews.kathimerini.com.cy/en/news/forest-park-hotel-acquisition-joins-cyprus-mountain-peaks-investment
Investment interest in the mountainous areas of the island continues to surge, a trend observed in recent years......
https://knews.kathimerini.com.cy/en/business/energy-minister-calls-for-eu-solar-bank-to-energize-solar-industry
In a proposal during the EU Council of Transport, Telecommunications, and Energy yesterday, Cypriot Minister of Energy, Commerce, and Industry George Papanastasiou...
https://knews.kathimerini.com.cy/en/news/kedipes-preps-for-major-loan-sell-off-boosting-cyprus-banks
In a strategic move to streamline its assets, KEDIPES is gearing up to offload a second batch of performing loans, hot on the heels of its €58 million deal with the Bank of Cyprus....
https://knews.kathimerini.com.cy/en/news/president-christodoulides-candid-year-one-address
In a televised address marking the completion of his first year in office, President Nikos Christodoulides highlighted the achievements and priorities of his administration. Emphasizing transparency and accountability, the President outlined the following key areas of focus:...
https://knews.kathimerini.com.cy/en/news/job-market-improves-and-industrial-sector-grows
In good news for Cyprus, the latest data from the Cyprus Statistical Service (CyStat) reveals a positive trend in the job market. In February 2024, the number of people registering as unemployed dropped by 13.8%...
https://knews.kathimerini.com.cy/en/business/march-newsletter-of-k-treppides-co-ltd-financial-conduct-authority
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...
https://knews.kathimerini.com.cy/en/business/cypriot-companies-lead-europe-s-fastest-growth
Two Cypriot companies have made it onto this year's list of the one thousand fastest-growing European businesses, a list compiled annually by the British newspaper Financial Times in collaboration with the German data analysis company Statista....
https://knews.kathimerini.com.cy/en/news/traffic-light-cameras-to-get-enhanced-surveillance
Cyprus is set to implement three new measures to improve its current photo-labeling system aimed at enhancing road safety. ...
https://knews.kathimerini.com.cy/en/news/christodoulides-reflects-on-his-first-year-in-office
On the anniversary of completing one year in office, President Nicos Christodoulides is set to present his inaugural report tonight, detailing the progress made since his inauguration in the areas of Cyprus, the economy, and internal governance....
https://knews.kathimerini.com.cy/en/news/greek-minister-partners-with-queer-destinations-to-boost-lgbt-tourism
Greek Tourism Minister Olga Kefalogianni signed a memorandum of cooperation with the Queer Destinations tourism company on Thursday to promote Greece as a friendly destination for LGBTQ+ people.
...
https://knews.kathimerini.com.cy/en/business/xm-invests-in-aris-for-future-entrepreneurs
XM, an international company that has established itself as a leader in the investment industry in forex, CFD in shares, metals and more, actively supports education and skills development initiatives through its sponsorship of ARIS (A Really Inspiring Space)....
https://knews.kathimerini.com.cy/en/business/the-€623-million-windfall-from-cyprus-shipping-industry
Kathimerini reporter Andreas Karamitas dives into the heartbeat of Cyprus' economy - the shipping industry. In a revealing exploration, discover how this vital sector pumped a staggering €623 million into the real economy solely through ship management in 2023. ...
https://knews.kathimerini.com.cy/en/news/central-bank-predicts-2-2-gdp-growth-in-2023
The Central Bank of Cyprus (CBC) expects GDP growth of 2.2% in 2023, compared to significant growth of 5.1% in 2022, while for the years 2024-26 it expects GDP growth of 2.6%, 3.1% and 3.2%, respectively....
https://knews.kathimerini.com.cy/en/news/one-year-in-challenges-mount-for-president-nikos-christodoulides
In today's Sunday edition of Kathimerini, journalist Marina Economidou delves into the intricate dynamics of President Nikos Christodoulides' first year. ...
https://knews.kathimerini.com.cy/en/news/cyprus-real-estate-market-holds-steady-at-€5-5bn-in-2023
The Cypriot real estate market demonstrated remarkable resilience and flexibility during 2023 and the total value of transactions reached €5.5bn, which appears to be at the same levels as in 2022, a press release by PwC Cyprus says....
https://knews.kathimerini.com.cy/en/news/cyprus-economic-growth-soars-2-5-for-2023
Cyprus' economic growth is estimated at 2.5% in real terms in 2023. At current prices, the Gross Domestic Product (GDP) is estimated to increase by 7.1%, according to the Statistical Service of Cyprus....
https://knews.kathimerini.com.cy/en/business/apple-u-turns-on-evs-shifts-gears-to-focus-on-ai
Apple has reportedly halted its decade-long secretive project to develop electric vehicles (EVs), redirecting efforts towards its artificial intelligence (AI) division....
https://knews.kathimerini.com.cy/en/business/deloitte-reveals-the-top-human-capital-trends-and-challenges-for-2024
Deloitte’s annual ''Global Human Capital Trends'' report identifies the most pressing issues for organisations, leaders and workers....
https://knews.kathimerini.com.cy/en/business/larnaca-s-renaissance-as-the-island-s-boutique-oasis
In a recent article by Kathimerini journalist Maria Eracleous, the spotlight is on Larnaca's burgeoning tourism sector, with a particular focus on the Accor Group's inaugural venture in the city....
https://knews.kathimerini.com.cy/en/business/february-newsletter-of-k-treppides-co-ltd-european-banking-authority
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. A newsletter issue from Treppides is an essential tool for those who are engaged in the broader financial and business sector, as one can find through the pages all the important and current developments, as well as the latest news relating to financial, audit and assurance, tax as well as legal services....
https://knews.kathimerini.com.cy/en/news/nineteen-new-private-hospitals-to-transform-health-sector-in-cyprus
Investors have shown interest in the health sector in Cyprus. According to the records, from 2021 until now, there are 12 new private hospitals......
https://knews.kathimerini.com.cy/en/news/government-now-implements-preemptive-checks-on-companies
In a decision announced by Finance Minister Makis Keraunos on Tuesday, the Cabinet approved the establishment of a unified regulatory authority for companies offering administrative services.
...
https://knews.kathimerini.com.cy/en/news/cyprus-economic-mood-sours-in-february
In February 2024, economic sentiment in Cyprus witnessed a decline, with the Economic Sentiment Indicator (ESI-CypERC) dropping by 2.1 points compared to January, according to the University of Cyprus Economics Research Center....
https://knews.kathimerini.com.cy/en/business/greece-tops-yachting-visits-yet-revenue-struggles
In the last three years, Greece has become the country with the largest number of yachts (commercial and private) visiting, surpassing traditional leaders in the sector such as France and Italy....
