https://knews.kathimerini.com.cy/en/news/cyprus-economy-2024-ktrends-reveals-challenges-and-successes
Delving into the latest findings from the 6th wave of ''Ktrends'' research by ''Kathimerini'' newspaper unveils a multifaceted picture of Cyprus's economic landscape in January 2024. ...
https://knews.kathimerini.com.cy/en/news/eu-unveils-stricter-fiscal-rules-for-member-states
The European Commission has introduced new fiscal rules aimed at promoting growth and financial discipline among member states. The framework, ...
https://knews.kathimerini.com.cy/en/news/woman-reveals-harrowing-conditions-in-nicosia-psychiatric-hospital
A woman testified before the Parliament's Human Rights Committee, shedding light on the deplorable conditions her sister endured during her stay at the Nicosia psychiatric hospital....
https://knews.kathimerini.com.cy/en/news/cyprus-development-expenditure-2023-surpasses-€1b
The realization of state budget development expenditure in 2023 reached 72% compared to 70% in 2022 and the average of 69% over the last decade, according to a Treasury report released on Wednesday....
https://knews.kathimerini.com.cy/en/news/sarkozy-sentenced-to-one-year-in-jail-for-illegal-campaign-financing
The Paris appeals court found former French President Nicolas Sarkozy guilty of illegal campaign financing for his failed 2012 re-election bid. The lower court's previous ruling was confirmed....
https://knews.kathimerini.com.cy/en/news/electricity-subsidy-extends-to-vulnerable-consumers-until-february-s-end
With its metaphorical ''finger on the trigger,'' the Ministry of Finance is vigilantly tracking the anticipated surges in the current....
https://knews.kathimerini.com.cy/en/news/is-dining-out-turning-luxurious
It's no secret that our favorite cafes and fast-food joints are becoming increasingly expensive, leaving a bitter taste in the mouths of consumers. The recent surge in prices, fueled by the relentless march of inflation, is reshaping our spending habits and challenging our wallets....
https://knews.kathimerini.com.cy/en/news/swiss-arrivals-set-to-hit-80-000-says-deputy-minister-koumis
Cyprus Deputy Minister for Tourism Costas Koumis has said that further increase in tourist arrivals from Switzerland is feasible with arrivals from the country in Cyprus estimated at 80,000 this year....
https://knews.kathimerini.com.cy/en/news/swearing-parrots-pose-risk-of-vulgar-clock-chaos-in-wildlife-park
In a daring move, Lincolnshire Wildlife Park is relocating its notorious swearing parrots to a larger flock of over 100 birds. The decision comes as three more feathery offenders join the original five African greys introduced to the park in 2020....
https://knews.kathimerini.com.cy/en/news/cyprus-leads-the-eu-in-cross-border-investments
During a Parliamentary Finance Committee meeting, CySEC Chairman George Theocharides announced Cyprus's top-ranking status in providing cross-border investment services within the EU....
https://knews.kathimerini.com.cy/en/news/persianis-reveals-limited-cooperation-with-finance-ministry
For the limited cooperation with the Ministry of Finance, for the wrong interpretation of the research with a political prism and for the fiscal risks, the President of the Fiscal Council of Cyprus......
https://knews.kathimerini.com.cy/en/news/wolfgang-schauble-former-german-finance-minister-dies-at-81
Wolfgang Schäuble, the influential former German Finance Minister and speaker of the Bundestag, passed away at 81, leaving a profound mark on European financial affairs....
https://knews.kathimerini.com.cy/en/news/navigating-the-festive-frenzy
The government is grappling with significant challenges in managing and addressing the housing needs of its building stock....
https://knews.kathimerini.com.cy/en/news/2024-budget-gets-green-light-–-inside-scoop-on-state-wage-proposals
The 2024 budget was passed into law relatively comfortably, with a total of 37 MPs voting for it, while 19 were opposed. ...
https://knews.kathimerini.com.cy/en/news/themis-themistocles-signals-potential-2024-interest-rate-cut
In their ''Year Ahead 2024'' forecast, analysts at Swiss financial giant UBS anticipate a slowdown in the strength of the US economy throughout 2023. ...
https://knews.kathimerini.com.cy/en/news/state-employees-brace-for-25-30m-euro-salary-squeeze
The agreement signed with unions PASYDYS and SEK is set to bring an annual cost of 25-30 million euros, impacting state employees and those in the wider public sector....
https://knews.kathimerini.com.cy/en/news/questions-arise-over-€18-5m-purchase-for-foreign-ministry-relocation
Members of the Finance Committee in the Parliament have raised questions about the proposed release of 18.5 million euros for the purchase of the former Laiki Bank building in Nicosia, intended as the temporary relocation site for the Ministry of Foreign Affairs. ...
https://knews.kathimerini.com.cy/en/news/fiscal-council-cautions-on-2024-economic-risks-despite-optimism
Recently, the Cyprus Fiscal Council took a close look at how our economy is doing. They gave us some important info based on their study....
https://knews.kathimerini.com.cy/en/news/ministry-s-robust-€65-2m-budget-signals-ambitious-2024-plans
At 65.2 million euros, the proposed budget of the Ministry of Tourism for 2024 surpasses previous years, accounting for initial budgets and excluding additional expenditures....
https://knews.kathimerini.com.cy/en/news/cyprus-robust-11-8-surge-in-household-spending-defies-eu-norms
In 2022, Cyprus experienced a notable 11.8% increase in household final consumption expenditure compared to the previous year, surpassing the EU's overall growth of 4.7%, as reported by Eurostat. ...
https://knews.kathimerini.com.cy/en/news/shakira-s-€14-5m-showdown-ends-with-a-€7m-encore
Pop star Shakira has gracefully sidestepped a €14.5 million tax trial in Spain, sealing a last-minute deal with authorities just as proceedings were set to commence....
https://knews.kathimerini.com.cy/en/news/argentina-elects-maverick-economist-javier-milei-as-president
Argentina has chosen controversial libertarian Javier Milei as its president for the next four years. ...
https://knews.kathimerini.com.cy/en/news/choosing-between-heating-and-eating
A recently released report from the French charity Secours Catholique underscores the alarming rise in poverty numbers, with a record one million people seeking assistance in 2022, up from 780,000 the previous year. ...
https://knews.kathimerini.com.cy/en/business/master-the-art-of-black-friday-shopping
As the Black Friday tradition, originating in the 1960s in the United States, ushers in the Christmas shopping season, Cypriots face unique economic challenges....
https://knews.kathimerini.com.cy/en/news/will-black-friday-s-shopping-basket-be-lighter-this-year
The November market outlook differs this year....
https://knews.kathimerini.com.cy/en/news/photovoltaics-for-all-scheme-launches-€30m-fund
The public will be able to start submitting applications on January 2024 for a scheme to install photovoltaics, dubbed "Photovoltaics for All", with a budget of €30 million, which is expected to correspond to 6,000 applications....
https://knews.kathimerini.com.cy/en/business/ministry-secures-€245-million-boost-for-business-growth-in-2027
A total of €245 million has been secured by the Ministry of Energy, Commerce and Industry for the new programming period up to 2027, which will be made available to businesses through targeted grant plans with an emphasis on absorbing and utilising as many resources as possible from European Funds, including the Recovery and Resilience Fund, Energy Minister George Papanastasiou said on Friday, speaking at the General Electoral Assembly of the Paphos Chamber of Commerce and Industry....
https://knews.kathimerini.com.cy/en/news/biden-s-cabinet-seeks-$105-billion-aid-for-israel-and-ukraine
Defense Secretary Lloyd Austin and Secretary of State Antony Blinken will make the case Tuesday that the United States should immediately send aid to Israel and Ukraine, testifying at a Senate hearing as the administration’s massive $105 billion emergency aid request for conflicts in those countries and others has already hit roadblocks in the divided Congress.
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https://knews.kathimerini.com.cy/en/news/minister-vows-smart-lights-rule-over-timers
In a recent presentation of the Ministry of Transport's 2024 budget to the Finance Committee, Minister of Transport, Alexis Vafeadis, categorically stated that there will be no timers installed at traffic lights until at least March or April 2024. ...
https://knews.kathimerini.com.cy/en/news/piki-shares-the-government-s-tech-powered-6-year-plan
The government is ramping up the execution of a series of projects, bolstering resources and expertise in collaboration with the Deputy Ministry of Research, Innovation, and Digital Policy, according to Irene Piki, Deputy Minister to the president....
