https://knews.kathimerini.com.cy/en/news/saturday-s-blackout-caused-by-increase-in-renewable-energy-usage
Sotos Savva, president of the Association of Scientific Power Generation AHK (SEPAIK), linked problems caused by the increased use of renewable energy sources, particularly the majority of photovoltaic panels, to Saturday's 15-minute power outage across Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-banking-system-ready-to-absorb-shocks
Tasos Yasemidis, an economist, spoke to "SPOR FM 95.0" and the "DIASPORA NEWS" show about the deal for the acquisition of Swiss bank Credit Suisse by UBS and how it affects the banking sector in Cyprus, ...
https://knews.kathimerini.com.cy/en/news/cyprus-continues-to-up-its-defense-game
A joint tactical drill, code-named 'PROTEAS – 1/23' which involved the design and implementation of special operations, was co-organized from February 20 to March 17 by the National Guard Naval Command and the United States Armed Forces...
https://knews.kathimerini.com.cy/en/news/ubs-steps-in-to-buy-rival-credit-suisse
Some of the world's largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authorities persuaded UBS Group AG to buy rival Credit Suisse Group AG in a historic deal...
https://knews.kathimerini.com.cy/en/business/majority-of-goods-transported-by-sea-in-cyprus-and-the-eu-in-2021
In 2021, maritime transport accounted for more than two-thirds (68%, 5 135 billion tonne-km; tkm) of the EU’s freight transport, the lowest share recorded in the past decade according to data released by Eurostat, the statistical service of the EU....
https://knews.kathimerini.com.cy/en/business/ecb-raises-interest-rates-again-by-5-percentage-points
At noon on Thursday, the European Central Bank (ECB) confirmed that it would stick to its tactics to tackle inflation by announcing a 50 basis point hike....
https://knews.kathimerini.com.cy/en/news/president-eager-to-resume-talks-with-tatar
The President of the Republic, Nikos Christodoulidis, met with UN Assistant Secretary-General for Political Affairs, Rosemary DiCarlo, at the Presidential Palace, where they discussed the need for negotiations to resume in order to achieve a bizonal bicommunal federation within the agreed framework. ...
https://knews.kathimerini.com.cy/en/news/minister-of-agriculture-pushing-for-a -farmers card
Agriculture Minister Petros Xenofonos announced today during a meeting of the House of Representatives Agriculture Committee that he intends to create a farmer's card to provide services to the agricultural world....
https://knews.kathimerini.com.cy/en/business/eac-maintains-dominant-position-in-cyprus-energy-production-market
The highest electricity market share in the EU was recorded in Cyprus (88%), reflecting the dominance of the Electricity Authority of Cyprus in the country’s energy market, Eurostat data published on Tuesday show....
https://knews.kathimerini.com.cy/en/news/hsbc-buys-failed-silicon-valley-bank-in-bid-to-stem-fallout
Governments in the UK and the U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down....
https://knews.kathimerini.com.cy/en/comment/opinion/real-estate-trends-in-2023
Increased inflation, rising interest rates, rising building costs, rising property values, a slight decline in new development approvals, a slight decline to stabilization in the unemployment rate, a slight increase in GDP, and a slight decline in private lending are just a few indicators of the (very) general economic picture....
https://knews.kathimerini.com.cy/en/news/kombos-rules-out-turkish-proposals-during-athens-visit
Greece will continue to fully support the effort for a just and viable solution to the Cyprus problem, Greek Foreign Minister Nikos Dendias said after a meeting he held in Athens with Cyprus Foreign Minister Costantinos Kombos. The Cypriot FM noted in the joint statements after the meeting with Dendias, that no solution that will permanently divide the country nor a two-state solution will ever be accepted....
https://knews.kathimerini.com.cy/en/news/cyprus-gdp-and-employment-up-according-to-eurostat
Both GDP and employment increased during the 4th quarter of 2022 compared to the previous quarter in Cyprus, while in the eurozone GDP remained stable and employment increased and in the EU GDP fell and employment increased, according to estimates released by Eurostat, the statistical service of the EU....
https://knews.kathimerini.com.cy/en/news/china-accused-of-cutting-internet-to-taiwan
China has been accused of cutting the internet to one of Taiwan's outlying islands as part of its latest intimidation tactic to force reunification....
https://knews.kathimerini.com.cy/en/news/coked-up-football-fan-critical-after-fall-from-moving-vehicle
A man has been hospitalized in critical condition after falling from a vehicle barreling down the Paphos-Limassol highway, with police arresting the driver who tested positive for cocaine...
https://knews.kathimerini.com.cy/en/news/nikos-christodoulides-sworn-in-as-8th-president-of-the-republic
Cyprus’ president-elect, Nikos Christodoulides, was sworn in on Tuesday at a special ceremony at the House of Representatives, in Nicosia, with Parliament President, Annita Demetriou, wishing him “strength and endurance” to respond to the great responsibility he is assuming....
https://knews.kathimerini.com.cy/en/news/neighbor-arrested-over-dog-s-death-in-paphos
The death of a dog in rural Paphos is under police investigation following a complaint that the canine was stabbed by an angry neighbor...
https://knews.kathimerini.com.cy/en/news/akamas-compensation-guidelines-poses-risks-says-finance-minister
"The guidelines for compensating landowners in Akamas for the loss of land value they have incurred and providing assistance to the neighborhood are speculative and ill-defined....
https://knews.kathimerini.com.cy/en/business/ey-presents-report-on-the-future-of-banking-in-cyprus
The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...
https://knews.kathimerini.com.cy/en/news/new-us-ambassador-presents-her-credentials-to-the-president
The credentials of the new US Ambassador to Cyprus, Julie D. Fisher, were received today by the President of the Republic, Nicos Anastasiades....
https://knews.kathimerini.com.cy/en/news/demetriou-vs-demetriou
After lengthy negotiations and backstage discussions, Annita Demetriou and Demetris Demetriou are the two candidates for the DISY presidency ahead of the March 11 elections. ...
https://knews.kathimerini.com.cy/en/comment/opinion/thinking-of-investing-in-real-estate-don-t-do-it
A lack of financial literacy can lead people to consider investing in direct real estate. This a provocative statement to say the least, so let me explain....
https://knews.kathimerini.com.cy/en/news/convict-who-killed-wife-s-lover-loses-appeal
The Supreme Court has rejected a sentence appeal by a Syrian man who killed his wife’s lover in Chloraka, after the murder convict argued that a Paphos criminal court failed to take into account his emotional distress and clean police record...
https://knews.kathimerini.com.cy/en/news/frozen-fish-and-flour-marked-a-substantial-price-increase
Frozen fish and flour recorded a high price increase, according to data published on Wednesday by the Consumer Protection Service of the Ministry of Energy, Commerce and Industry....
https://knews.kathimerini.com.cy/en/news/relations-between-greece-and-turkey-turn-a-new-page-says-cavusoglu
Reflecting the new mood pervading Greek-Turkish relations in the wake of the devastating earthquakes in Turkey, Foreign Minister Mevlut Cavusoglu made reference on Tuesday to a “new page” in relations between Athens and Ankara....
https://knews.kathimerini.com.cy/en/news/averof-to-christodoulides-you-can-rely-on-disy
The meeting between President-elect Nicos Christodoulides and DISY President Averof Neophytou was described as "excellent" by President-elect Nicos Christodoulides....
https://knews.kathimerini.com.cy/en/news/cypriot-president-weighs-in-with-ciphered-message
Cypriot outgoing president and Democratic Rally honorary president Nicos Anastasiades called on Friday for an end to the disputes between high-ranking party officials to allow DISY members to exercise their free vote during the presidential runoff election this coming Sunday, noting that he will not state his preferred candidate...
https://knews.kathimerini.com.cy/en/news/credit-suisse-posts-$1-51-billion-loss-in-4th-quarter-of-2022
Credit Suisse on Thursday reported a fourth-quarter and annual net loss that missed expectations, as the Swiss bank continued with its huge strategic overhaul....
https://knews.kathimerini.com.cy/en/news/apartment-prices-continued-its-upward-momentum-in-q4-2022
Apartments continued to drive the rising real estate prices in the fourth quarter of 2022, data published by the Aks WiRE Index show....
https://knews.kathimerini.com.cy/en/news/met-warns-of-extreme-low-temps-tonight-troodos-at-10-degrees
The Met Office issued an orange warning on Wednesday morning. The minimum temperature in the Troodos region is expected to be around -10 degrees Celsius, according to the statement....
