https://knews.kathimerini.com.cy/en/news/siddiq-applauds-cyprus-response-to-russian-sanctions
British High Commissioner to Cyprus Irfan Siddiq expressed his encouragement at the excellent collaboration with Government and industry in Cyprus, regarding UK sanctions of Cypriot entities linked to Russia...
https://knews.kathimerini.com.cy/en/news/cyprus-banks-to-double-net-interest-income-in-q1-2023
Net Interest Income (NII) for the Cypriot banking sector nearly doubled in the first quarter of 2023, driven by the ECB’s rising interest rates in a bid to contain inflation....
https://knews.kathimerini.com.cy/en/news/obama-engages-with-global-leaders-in-athens-for-foundation-program
Former US President Barack Obama is in Athens on Wednesday where he will meet 105 members of the Barack Obama Foundation Leaders program.
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https://knews.kathimerini.com.cy/en/news/government-procures-32-electric-vehicles-to-reduce-emissions
The Ministry of Transport, Communications, and Works has announced that, for the purpose of promoting clean road transport vehicles and reducing greenhouse gas emissions and other pollutants in the atmosphere, it has received and delivered 32 electric vehicles to Departments and Services of the Public Sector to meet their needs....
https://knews.kathimerini.com.cy/en/comment/opinion/assessing-christodoulides-stance-on-the-tourism-sector
Judging from President Christodoulides' recent remarks on his 100-day governance report, it seems that the sectors of Shipping and Tourism are relatively low on his list of priorities....
https://knews.kathimerini.com.cy/en/business/limassol-greens-the-most-anticipated-golf-resort-in-cyprus
Limassol Greens, the most anticipated golf resort in Cyprus, has hosted media, associates and stakeholders in a special event at its newly opened Property Sales Office opposite Four Seasons Hotel on Tuesday 13th June. ...
https://knews.kathimerini.com.cy/en/business/nicosia-attracts-millions-in-investment-opportunities
A new investment exceeding 60 million euros is currently in the study phase, focusing on the development of a strategically positioned plot in Nicosia. ...
https://knews.kathimerini.com.cy/en/business/consulco-recognises-students-with-innovative-ideas
Consulco held the ''Next Generation Proposals for a Better Cyprus'' student competition in collaboration with UCLan Cyprus, Frederick University and Neapolis University Pafos...
https://knews.kathimerini.com.cy/en/news/cyprus-economy-thrives-finmin-foresees-robust-growth-and-fiscal-stability
During the 2023 Annual General Meeting of the Cyprus Bankers Association, the Minister of Finance, Mr. Makis Keravnos, discussed the current state and future prospects of the Cyprus economy, particularly focusing on the banking sector. ...
https://knews.kathimerini.com.cy/en/news/it-s-a-race-against-time-as-rescuers-scramble-to-locate-missing-sub
Rescuers in a remote area of the Atlantic Ocean raced against time early Tuesday to find a missing submersible carrying five people on a mission to document the wreckage of the Titanic, the iconic ocean liner that sank more than a century ago....
https://knews.kathimerini.com.cy/en/news/dubrovnik-sees-surge-in-tourism-with-32-increase-in-arrivals
The mayor of Dubrovnik, Mato Frankovic, has made the decision to ban wheeled suitcases due to the noise they generate on the city streets.
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https://knews.kathimerini.com.cy/en/news/house-speaker-pals-around-with-small-state-colleagues
House President Annita Demetriou participates in the 16th Conference of the Presidents of the Parliaments of Small European States which began on Monday in Luxembourg...
https://knews.kathimerini.com.cy/en/news/cyprus-farmers-voice-alarm-over-plant-protection-regulation
The European Commission is addressing farmers' concerns regarding the proposed regulation on plant protection in the European Union. They assure that the implementation of the new rules will be gradual, aiming to minimize any impact on production and food prices....
https://knews.kathimerini.com.cy/en/news/us-hails-cyprus-for-its-efforts-in-combating-human-trafficking
The Government of the Republic of Cyprus has been recognized for its serious and sustained efforts in combating human trafficking, according to the annual report released by the U.S. State Department. ...
https://knews.kathimerini.com.cy/en/news/eu-demands-google-breakup-over-antitrust-concerns
European Union regulators hit Google with fresh antitrust charges Wednesday, saying the only way to satisfy competition concerns about its lucrative digital ad business is by selling off parts of the tech giant’s main moneymaker....
https://knews.kathimerini.com.cy/en/news/cyprus-calls-for-medicine-market-reform
Health Minister for Health Popi Kanari said that Cyprus is in favor of the creation of a single market for medicines, and highlighted the problems that Cyprus faces regarding medicine access as a small member state, during the second day of the Employment, Social Policy, Health and Consumer Affairs Council (EPSCO) of the EU, which was held on Tuesday in Luxembourg in its Health Ministers configuration....
https://knews.kathimerini.com.cy/en/news/cyprus-struggles-with-renewable-energy-and-storage-gap
Only 15% of Cyprus' total energy production comes from Renewable Energy Sources (RES), highlighting the country's significant lag in this sector....
https://knews.kathimerini.com.cy/en/news/backlash-over-cyprus-vat-refund-change
The recent decision made by the Department of Customs to raise the expenditure limit for VAT refunds to third-country travelers visiting Cyprus is receiving criticism for its adverse effects on tourism expenditure....
https://knews.kathimerini.com.cy/en/news/christodoulides-pledge-to-safeguard-cyprus-reputation
President of the Republic Nikos Christodoulides has stressed that the government will not allow a very small minority of people in the country to tarnish Cyprus' reputation, which was built after many years of effort....
https://knews.kathimerini.com.cy/en/business/coffee-island-and-coffe-eco-turn-coffee-waste-into-gold
Coffee Island and Coffe-Eco are creating the first industrial unit in Southern Europe to process and reuse espresso coffee residue for creating new products in Patra....
https://knews.kathimerini.com.cy/en/news/cyprus-banking-sector-maintains-stable-solvency-ratio
The overall solvency ratio of the Cyprus banking sector stood at 21.2% at the end of December 2022, the same as September 2022, according to data published by the Central Bank of Cyprus on Wednesday....
https://knews.kathimerini.com.cy/en/business/innovative-payabl-pos-card-terminals-make-omnichannel-payments-simple-and-easy
Get ready to embrace the future of payments with payabl. - the cutting-edge payments company that's shaking up the industry. In a game-changing move, payabl. has just launched its revolutionary point-of-sale (POS) solution for in-person payments, aimed at transforming the way retailers conduct business. The best part? This is happening right now in Cyprus....
https://knews.kathimerini.com.cy/en/news/declining-new-loans-in-cyprus-signals-economic-shifts
In April 2023, Cyprus experienced a notable decline in new lending, as reported by the Central Bank of Cyprus. ...
https://knews.kathimerini.com.cy/en/news/president-christodoulides-lays-foundation-stone-for-aub-mediterraneo-in-paphos
President Nicos Christodoulides emphasized the government's commitment to the education sector during the foundation stone-laying ceremony of the American University of Beirut - Mediterraneo in Paphos....
https://knews.kathimerini.com.cy/en/news/cyprus-s-slow-ride-on-the-electric-car-bandwagon
We are slowly rushing towards zero-emission transportation. The data from new vehicle registrations indicate that while the numbers are increasing, the percentage of electric cars on Cypriot roads remains limited....
https://knews.kathimerini.com.cy/en/news/registered-jobless-numbers-drop-in-may-indicating-declining-unemployment
According to data from the Provincial Labour Offices, the number of registered unemployed individuals at the end of May 2023 decreased to 10,357 persons, marking a decline compared to both the previous month and May of the previous year....
https://knews.kathimerini.com.cy/en/news/finmin-underlines-the-importance-of-disciplined-policy
The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....
https://knews.kathimerini.com.cy/en/news/ai-driven-job-losses-surge-marking-a-disturbing-trend
Almost 4,000 people who were laid off in May lost their jobs because of artificial intelligence, and it's the first time AI has been listed in the monthly report from Challenger, Gray, and Christmas....
https://knews.kathimerini.com.cy/en/news/strong-occupancy-rates-over-long-weekend-translates-into-thriving-leisure-sector
Occupancy in leisure businesses throughout Cyprus ranged from 75% to 80% during the Pentecost long weekend, known in Cyprus as Kataklysmos (Inundation), according to the Federation of Recreation Centres (OSIKA)....
https://knews.kathimerini.com.cy/en/news/imf-says-cyprus-untouched-by-war-fallout
The economy of Cyprus is expected to slow to around 2.5% in 2023, reflecting an erosion in household incomes, tighter financial conditions, and delayed impacts from sanctions against Russia, International Monetary Fund forecasts, after the conclusion of the Article IV consultation with Cyprus...
