https://knews.kathimerini.com.cy/en/news/banking-sector-to-cut-600-more-employees
The number of employees in the Cypriot banking sector will have been reduced further by the end of 2022. By the end of this year, 600 bank employees will have left the company, while about 50 will have been transferred to a similar but non-banking sector....
https://knews.kathimerini.com.cy/en/business/cabinet-revokes-ten-passports-belonging-to-investors-and-their-relatives
The Council of Ministers met this morning, led by President of the Republic, Nicos Anastasiades, and decided to begin the process of revoking the citizenship of three investors and seven of their dependents based on an investigation by the Interior Ministry's services....
https://knews.kathimerini.com.cy/en/news/ending-cyprus-energy-isolation
After the discovery of energy resources in the Cypriot EEZ, the start of construction of the Cyprus-Crete electricity cable can be considered a high point in Cyprus' energy affairs. For the first time in its history, the Republic of Cyprus will join Europe's energy system, with all that entails for the country's security....
https://knews.kathimerini.com.cy/en/news/0-4-increase-in-employment-in-september-2022
In September 2022 total government employment increased by 193 persons, or 0.4% in comparison to the corresponding month of 2021 and reached 52,601 persons, according to the Statistical Service of Cyprus. ...
https://knews.kathimerini.com.cy/en/business/plans-to-modernize-the-state-s-websites-are-underway
The Deputy Ministry for Innovation, Research and Digital Policy announced Tuesday that a contract has been signed to modernize the state's websites which will now be accessible through the new digital portal, gov.cy....
https://knews.kathimerini.com.cy/en/business/trade-deficit-increased-by-€1-5-bln-in-first-8-months-of-2022
The trade deficit increased by €1.5 billion in the period from January to August 2022, compared to the same period of 2021, according to provisional data issued by the Statistical Service of Cyprus for August 2022. The deficit was €5,120.1 million in January-August 2022, which increased from €3,587.5 in January-August 2021....
https://knews.kathimerini.com.cy/en/business/october-newsletter-of-k-treppides-co-ltd-take-action
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....
https://knews.kathimerini.com.cy/en/news/how-much-loan-can-a-couple-with-an-income-of-€2-000-get
Housing loans are an issue that inevitably affects a large number of young couples. Because housing prices have skyrocketed while wages have remained stagnant, the need for housing leads to borrowing....
https://knews.kathimerini.com.cy/en/news/who-regional-office-to-be-set-up-in-larnaca
The new regional World Health Organization office to be established in Larnaca will help upgrade the level of public health in Cyprus and its surrounding region said Minister of Health Michalis Hadjipantela on Thursday....
https://knews.kathimerini.com.cy/en/business/limassol-gets-ready-for-maritime-cyprus-2022
Limassol is set to host "Maritime Cyprus 2022", between October 9 and 12, with the participation of 900 delegates from 35 countries, Deputy Minister for Shipping Vassilis Demetriades said on Thursday....
https://knews.kathimerini.com.cy/en/news/dracos-i-m-sorry-thanasis-case-is-only-now-being-investigated-after-17-years
"As a citizen, as a mother, I want to express my regret to Thanasis' mother because only after 17 years has this case begun to unfold," Justice Minister Stefi Drakou said on the case of the death of National Guardsman Thanasis Nikolaou in 2005, saying that she will do everything possible, within her own powers, to solve the case.
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https://knews.kathimerini.com.cy/en/news/the-future-of-the-banking-sector-is-digital-green-and-social
The future of the banking sector is digital, green and social, said the participants at the 3rd online FMW Conference, titled "Banking System: New Challenges and Opportunities". The Conference also highlighted the contrast between trying to tame inflation by raising interest rates and supporting vulnerable groups to avoid social unrest....
https://knews.kathimerini.com.cy/en/news/house-scrambles-to-keep-ships-under-cyprus-flag
The House health committee in the Republic of Cyprus is scrambling to amend healthcare legislation in a race against the clock, following reports that ship owners are trying to take their business elsewhere to avoid having to pay GESY tax...
https://knews.kathimerini.com.cy/en/news/russia-facing-8th-set-of-eu-sanctions
The Permanent Representatives of the 27 Member States of the European Union reached a political agreement on Wednesday morning, during the regular meeting of COREPER, on the eighth EU sanctions package against Russia, the Czech Presidency of the Council of the EU announced in a tweet....
https://knews.kathimerini.com.cy/en/news/police-concerned-over-increasing-number-of-forged-travel-documents
The increase in cases of identity fraud and presentation of fake documents, during passport controls at the airports of Cyprus, was the subject of a meeting that took place recently at the Police Headquarters, under the Deputy Chief of Police, Demetris Demetriou....
https://knews.kathimerini.com.cy/en/news/von-der-leyen-temporary-cap-on-gas-prices
The European Commission is now moving towards a temporary cap on gas prices and a common supply of energy products, Commission President Ursula von der Leyen said in a speech to the European Parliament on Wednesday morning....
https://knews.kathimerini.com.cy/en/business/ey-achieves-highest-growth-in-nearly-two-decades-reports-record-global-revenue-of-us$45-4b
EY announced combined global revenues of US$45.4b for the financial year ending June 2022 (FY22), an increase of 16.4% in local currency (13.7% in US dollars). This marks one of the most successful years in the history of the organization with the highest growth seen in nearly two decades attributed to the EY NextWave strategy to deliver long-term value for EY people, clients and society....
https://knews.kathimerini.com.cy/en/business/cyprus-airways-more-capacity-and-destinations-for-the-summer
Cyprus Airways announced on Tuesday its ambitious plans for Summer 2023 during which it said that it will operate to 11 confirmed destinations with a schedule of at least 43 weekly flights, new destinations, and flights to be announced soon. The Summer 2023 schedule will start on Sunday, 26th of March....
https://knews.kathimerini.com.cy/en/news/ec-calls-for-state-funded-compensation-for-victims-of-trafficking
The Council of Europe's Anti-Trafficking Division along with Cyprus-based NGO 'Step Up, Stop Slavery' brought together officials from various sectors of the Cypriot government and foreign diplomatic missions to discuss the ways in which financial compensation can be offered to victims of trafficking in Cyprus....
https://knews.kathimerini.com.cy/en/business/global-fintech-market-resilient-in-h1-22-$107-8-billion-in-investment-according-to-kpmg-s-pulse-of-fintech
Global fintech investment declined from $111.2 billion in H2’21 to $107.8 billion in H1’22, but remained remarkably resilient compared to historical trends given the challenges affecting the broader investment market, including geopolitical uncertainty, growing inflation, and increasing interest rates. ...
https://knews.kathimerini.com.cy/en/news/school-mama-accused-of-slapping-boy-in-the-face
A woman in Famagusta district could be in legal trouble after allegedly striking and threatening a young pupil, with reports suggesting the school mama waited outside her son’s primary after hearing about a physical altercation between the two boys...
https://knews.kathimerini.com.cy/en/news/finance-minister-calls-for-prudency-to-safeguard-economy
Cypriot Minister of Finance Constantinos Petrides, stressed on Wednesday evening the need to be “even more careful” with the fiscal discipline in the new challenging era, while Central Bank Governor Constantinos Herodotou referred to the risk of new NPLs due to the challenging economic conditions....
https://knews.kathimerini.com.cy/en/news/dangerous-mosquito-hitches-plane-ride-to-cyprus
Cypriot authorities have been alarmed over an invasive mosquito that could potentially spread a virus, with experts saying the pesky pest most likely reached the island by plane...
https://knews.kathimerini.com.cy/en/news/us-embassy-in-moscow-tells-citizens-to-leave-immediately
The United States Embassy in Moscow has told all Americans left to leave immediately to avoid being conscripted into Vladimir Putin's mobilized army....
https://knews.kathimerini.com.cy/en/business/cypriot-businesses-face-serious-issues-but-still-expect-to-turn-a-profit
What are the main problems for Cypriot businesses (table)
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https://knews.kathimerini.com.cy/en/business/€100-increase-in-average-gross-monthly-earnings-in-q2-2022
The average gross monthly earnings of employees increased by €100 in the second quarter of 2022, according to provisional data, published by Cyprus Statistical Service on Wednesday. In particular, they reached €2,081, compared to €1,982 in the same period of 2021, recording an increase of 5%....
https://knews.kathimerini.com.cy/en/news/the-nord-stream-pipeline-mystery-leak-takes-center-stage
Suspicious leaks in the two Russian gas pipelines (Nord Stream 1 & 2) in the Baltic Sea are likely the result of sabotage, officials in Denmark, Germany and Poland have warned, heightening concerns about Europe's "long, hard, winter" with regard to Russian gas - due to the ongoing war in Ukraine....
https://knews.kathimerini.com.cy/en/news/cyprus-greenlights-island-s-first-crematory
A funeral home in Cyprus has obtained a permit to build the country’s first cremation facility, years after legislation paved the way despite strong resistance from the Orthodox church...
https://knews.kathimerini.com.cy/en/news/candidates-concerned-over-higher-rents-facing-undergraduates
Parties and candidates on Monday continued their activities, ahead of the February 2023 presidential elections, with issues such as digital transformation, labor relations, the Cyprus problem and benefits for undergraduate students who face difficulties renting student halls, topping the agenda....
https://knews.kathimerini.com.cy/en/business/september-newsletter-of-k-treppides-co-ltd-european-securities-and-markets-authority
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....
