https://knews.kathimerini.com.cy/en/news/germany-€60-billion-budget-shortfall-rocks-europe-s-largest-economy
Germany’s tax revenues are projected to fall nearly €60 billion short of earlier expectations over the next five years, intensifying budget challenges for Chancellor Olaf Scholz’s government and straining the already fragile three-party coalition....
https://knews.kathimerini.com.cy/en/business/cyprus-surpasses-pre-pandemic-financial-levels-with-growing-surplus
Cyprus is bouncing back from recent economic challenges, with its financial health improving dramatically. Current fiscal surpluses now exceed what they were before the pandemic, thanks to a significant increase in revenue....
https://knews.kathimerini.com.cy/en/news/finance-minister-stands-firm-on-economic-stability-amid-rising-pressures
In a recent interview with Andreas Kimitris, Cyprus Finance Minister Makis Keravnos spoke candidly about his firm stance on the country’s economic stability. ...
https://knews.kathimerini.com.cy/en/news/global-debt-to-exceed-$100-trillion-this-year
Global public debt is nearing the size of the world economy, posing risks to living standards in developed nations, the International Monetary Fund (IMF) warned....
https://knews.kathimerini.com.cy/en/news/greek-households-order-food-up-to-3-times-a-week
More and more households in Greece are relying on takeout, having food delivered as many as three times a week. Rising demand has also led to an increase in recent years of food service enterprises being established with the exclusive purpose of distributing ready meals, without having a dining area....
https://knews.kathimerini.com.cy/en/news/tesla-s-hiring-secret-mindset-over-skills-says-beth-davies-in-digital-agenda-interview
Beth Davies, former development director at Tesla, Gap, Apple, and Microsoft, spoke to "K" about talent attraction strategies employed by leading tech companies. ...
https://knews.kathimerini.com.cy/en/news/new-app-teaches-teens-money-management
As technology continues to evolve, digital currency is becoming an increasingly integral part of modern life, making daily transactions easier, faster, and more accessible....
https://knews.kathimerini.com.cy/en/news/crystal-balls-barbed-wire-and-other-cypriot-delights
Christodoulides insists that we’ll soon have “some developments on the Cyprus issue.” Watch out—when we least expect it, there might just be some progress, and the President will be hailed as a visionary, maybe even earning the title of a posthumous prophet. ...
https://knews.kathimerini.com.cy/en/news/cyprus-projects-€1-13-billion-fiscal-surplus-for-2025
Cyprus is on track to achieve a fiscal surplus of €1.13 billion in 2025, amounting to 3.3% of GDP, according to the state budget presented to the House of Representatives on Thursday. ...
https://knews.kathimerini.com.cy/en/business/cyprus-credit-rating-upgrade-a-boon-for-investors-but-what-about-citizens
Cyprus has recently received good news from the credit rating agency Capital Intelligence (CI), which upgraded the country’s credit ratings, according to Kathimerinni's Dorita Yiannakou. ...
https://knews.kathimerini.com.cy/en/business/cyprus-tourism-revenue-rises-to-€474-million-in-july
Tourism revenue in Cyprus grew by €19.4 million in July 2024, reaching €474.0 million, an increase of 4.3% compared to €454.6 million in July 2023, according to the results of the Passenger Survey carried out by the Statistical Service....
https://knews.kathimerini.com.cy/en/news/naomi-campbell-banned-from-charity-role-for-misusing-funds
Supermodel Naomi Campbell has been banned from serving as a trustee for any charity for five years after an investigation revealed significant financial misconduct within her organization, Fashion For Relief....
https://knews.kathimerini.com.cy/en/news/cypriot-mep-questions-fairness-of-auditor-general-s-firing
Cypriot Member of the European Parliament (MEP) Fidias Panayiotou has submitted a parliamentary question to the European Commission regarding the recent dismissal of Cyprus’s Auditor General, Odysseas Michaelides. ...
https://knews.kathimerini.com.cy/en/news/cyprus-needs-new-strategy-to-grow-winter-tourism
According to an article written by Dorita Yiannakou in this Sunday's Kathimerini, this year has been a steady one for winter tourism in Cyprus, showing the sector’s strength despite various regional challenges....
https://knews.kathimerini.com.cy/en/business/cyprus-struggles-to-boost-winter-tourism
Cyprus is having a tough time improving its winter tourism, according to Kathimerini's Dorita Yiannakou, even though more tourists are visiting and spending more money. ...
https://knews.kathimerini.com.cy/en/news/cyprus-supreme-court-to-rule-on-auditor-general-s-potential-dismissal
UPDATE: The Supreme Constitutional Court unanimously ruled Wednesday to suspend Auditor General Odysseus Michaelides, citing misconduct and incompetence....
https://knews.kathimerini.com.cy/en/news/eu-too-dependent-on-us-for-defense-gear-report-finds
The European Union is buying too much of its defense equipment from the United States and not investing enough in its own military projects, a new report by former Italian Prime Minister Mario Draghi warned Monday. ...
https://knews.kathimerini.com.cy/en/business/the-fate-of-the-greece-cyprus-energy-link-hangs-in-the-balance
This week will be crucial to whether the power grid link between Greece and Cyprus via Crete will be implemented....
https://knews.kathimerini.com.cy/en/news/government-revenue-boosts-cyprus-surplus-to-€702-5-million
The Republic of Cyprus recorded a significant fiscal surplus of €702.5 million for the period of January to July 2024, according to preliminary General Government fiscal results, released on Friday by the Statistical Service of Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-has-second-largest-decrease-in-firefighter-jobs-across-eu
The number of firefighters was cut in 12 EU member states, including Cyprus, in 2023, while Cyprus was the country with the second largest drop in the employment of firefighters that year, according to an analysis by the European Trade Union Confederation (ETUC) of EU Labour Force Survey data which was also published recently by Eurostat.
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https://knews.kathimerini.com.cy/en/news/wealthy-flee-high-tax-nations-for-new-havens-like-cyprus
A significant wave of wealthy individuals is migrating from high-tax countries, a trend expected to peak this year. ...
https://knews.kathimerini.com.cy/en/news/harris-campaign-criticizes-trump-musk-interview-as-self-obsessed
Former President Donald Trump and Tesla CEO Elon Musk engaged in a friendly conversation on X (formerly Twitter) on Monday, though their highly anticipated interview was delayed by over 40 minutes due to technical issues....
https://knews.kathimerini.com.cy/en/business/cyprus-tourism-holds-steady-despite-middle-east-tensions
According to Kathimerini's Apostolos Tomaras, tourism in Cyprus remains strong despite geopolitical tensions in the Middle East. The summer season has shown a slight increase in tourist arrivals compared to last year, with current figures indicating a positive trend. Tourism receipts up to May have mirrored this performance, suggesting that Cyprus' tourism sector is holding steady....
https://knews.kathimerini.com.cy/en/news/women-entrepreneurs-hit-hard-by-turkey-s-instagram-shutdown
Turkey's decision to block access to Instagram has dealt a significant blow to female entrepreneurs who rely on the platform to market and sell products ranging from homemade cookies to baby bedding....
https://knews.kathimerini.com.cy/en/news/cats-show-grief-after-a-pet-dies-study-finds
Cats are often seen as independent and aloof, but new research suggests they may grieve the loss of a fellow pet, challenging the perception of them as antisocial creatures....
https://knews.kathimerini.com.cy/en/news/cyprus-boosts-r-d-funding-by-nearly-20-spending-€138m-in-2023
Cyprus significantly boosted its investment in research and development (R&D) in 2023, with government budget allocations rising by 19.8% compared to the previous year, according to new data from Eurostat. This increase is notably higher than the average 5.3% rise observed across the European Union during the same period....
https://knews.kathimerini.com.cy/en/news/google-faces-fines-for-spending-billions-on-default-search-engine-deals
A U.S. court has ruled that Google violated antitrust laws by persuading partners to set its search engine as the default on their devices. The fine to be paid by Google will be determined at a later date.
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https://knews.kathimerini.com.cy/en/business/cyprus-unemployment-decreases-while-social-benefits-paid-increase
The number of unemployed persons registered at the District Labour Offices in Cyprus fell to 11,877 at the end of July 2024, marking a 9.9% decrease compared to the same period last year, according to data released by the Statistical Service on Monday....
https://knews.kathimerini.com.cy/en/business/bank-of-england-cuts-interest-rates-after-nearly-a-year-of-stability
The Bank of England (BoE) has cut interest rates for the first time since the start of the COVID-19 pandemic, dropping them from a 16-year high. This decision, made by a narrow 5-4 vote, reflects a split among policymakers about whether inflation is under control....
https://knews.kathimerini.com.cy/en/news/cyprus-government-rakes-in-over-€424m-in-surpluses-this-year
Cyprus has reported a substantial budget surplus of €424.5 million for the first half of 2024, a huge increase from the €62 million surplus during the same period last year. ...
