https://knews.kathimerini.com.cy/en/news/central-bank-predicts-2-2-gdp-growth-in-2023
The Central Bank of Cyprus (CBC) expects GDP growth of 2.2% in 2023, compared to significant growth of 5.1% in 2022, while for the years 2024-26 it expects GDP growth of 2.6%, 3.1% and 3.2%, respectively....
https://knews.kathimerini.com.cy/en/news/800-divorces-annually-35-000-single-parents-and-outdated-benefits
The Human Rights Committee of the Parliament convened today, shedding light on critical issues affecting single-parent families in Cyprus....
https://knews.kathimerini.com.cy/en/news/labour-minister-eyes-growth-and-jobs-ahead
The Minister of Labour and Social Insurance, Yannis Panayiotou, notes a common approach for the development of the economy between the Government and the business community......
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/biden-praises-job-growth-declares-us-economy-strongest-in-the-world
President Joe Biden lauded the robust jobs report released on Friday, touting it as evidence of the United States possessing the world's strongest economy....
https://knews.kathimerini.com.cy/en/news/dr-anastasatos-forecasts-bright-future-for-cyprus-economy-in-candid-interview
Eurobank group's chief economist, Dr Tasos Anastasatos, expresses optimism about the Cyprus economy, emphasizing that the decision to expand the group's banking presence in Cyprus is linked to these positive economic prospects....
https://knews.kathimerini.com.cy/en/news/cbc-warns-of-non-performing-loan-surge-amid-economic-challenges
The Central Bank of Cyprus (CBC) issued a warning on Monday, cautioning about the potential influx of non-performing loans (NPLs) driven by high-interest rates and inflation, which are impacting households' disposable income and businesses' profitability....
https://knews.kathimerini.com.cy/en/news/employers-positive-on-minimum-wage-adjustment
Employers express positivity towards a potential partial adjustment of the minimum wage in discussions led by OEB's General Director, Michalis Antoniou....
https://knews.kathimerini.com.cy/en/business/cyprus-reports-significant-drop-in-joblessness
The latest data released by the District Labour Offices indicate a notable decline in registered unemployment rates for November 2023, both on a monthly and on a yearly basis....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-returns-to-london-for-investment-talks
Just two months after its last visit to the heart of investment interest, the Bank of Cyprus is making waves again in London....
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/the-mystery-of-cyprus-social-insurance-fund
The Republic of Cyprus achieved its first significant milestone with the establishment of the Social Insurance System, originally introduced during the colonial era. ...
https://knews.kathimerini.com.cy/en/news/cyprus-rcords-remarkable-17-4-decrease-in-registered-unemployed
In October 2023, the number of registered unemployed persons in Cyprus exhibited a significant decline, marking a 17.4% decrease, equivalent to 1,951 individuals, as reported by the Statistical Office. ...
https://knews.kathimerini.com.cy/en/news/airstrikes-rockets-and-buildings-claim-over-3-600-child-lives-in-gaza
The murders of Alexis Mavromichalis (Alexoui) and Thanasis Kalogeropoulos present a challenging puzzle for investigators. They are grappling with a wealth of information related to the open conflicts involving the victims.
...
https://knews.kathimerini.com.cy/en/news/from-streaming-wars-to-superintelligence-with-john-oliver-calum-chase
In the heart of the ever-evolving tech and academic landscape, the 6th Digital Agenda Cyprus Summit brought together a constellation of leading figures....
https://knews.kathimerini.com.cy/en/news/turkish-cypriots-alarmed-by-rise-in-turkish-interference
In a recent opinion poll conducted by the Centre for Migration, Identity, and Rights’ Studies (CMIRS) in northern Cyprus, Turkish Cypriots have expressed escalating unease regarding Turkey's growing involvement in the political, economic, and religious aspects of the breakaway northern Cyprus region, which remains under Turkey's control....
https://knews.kathimerini.com.cy/en/news/imf-forecasts-economic-challenges-for-cyprus-in-2023-and-beyond
The International Monetary Fund (IMF), in its ''World Economic Outlook'' for October, published on Tuesday, forecasts that Cyprus's growth rate for 2023 will slow down to 2.2% of GDP, down from the 2.5% it had projected in its April outlook....
https://knews.kathimerini.com.cy/en/business/moody-s-double-upgrade-ignites-investor-interest
Last Friday, Moody's delivered a double upgrade for Cyprus, propelling the nation into the investment-grade category recognized by all four major financial firms. Although these rankings may appear modest, their real-world impact is substantial....
https://knews.kathimerini.com.cy/en/business/cbc-lowers-gdp-growth-projections-for-2023-and-2024
The Central Bank of Cyprus has revised its growth projections for 2023 and 2024. They now expect GDP growth to be 2.4% in 2023 and 2.7% in 2024, down from their previous forecasts of 2.6% and 2.8%. This is due to Western sanctions against Russia and the fragile external environment affecting professional and non-tourism services....
https://knews.kathimerini.com.cy/en/news/greek-workers-toiling-longer-earning-less
Greeks work 41 hours a week, more than any other Europeans, but are paid less. Monthly salaries do not exceed 1,038 euros on average, according to the latest figures compiled by the Single Social Security Entity (EFKA), ...
https://knews.kathimerini.com.cy/en/news/akel-blasts-government-amid-rising-bank-profits
The political party AKEL has voiced its discontent with the government's handling of economic issues, particularly in light of the recent decision to raise interest rates for the tenth time....
https://knews.kathimerini.com.cy/en/news/job-vacancies-surge-by-17-2-in-q2-2023
A significant increase of 17.2% was recorded in the number of job vacancies in the 2nd quarter of 2023 on an annual basis, while there was an increase of 5.7% on a quarterly basis....
https://knews.kathimerini.com.cy/en/news/unemployment-drops-in-august-2023
The number of registered unemployed persons decreased in August 2023, both on an annual and monthly basis, according to data released on Tuesday by the Statistical Service of Cyprus....
https://knews.kathimerini.com.cy/en/news/china-s-$10-trillion-hidden-debt
For some time now, markets have been buffeted almost on a daily basis by gloomy economic news filtering out of China....
https://knews.kathimerini.com.cy/en/news/strongest-work-from-home-rights-for-australians
Before COVID-19 sent one-third of the global workforce home, the Melbourne property surveyor that employs drone operator Nicholas Coomber called its 180-strong staff into the office every day at 9 a.m. to hand out assignments....
https://knews.kathimerini.com.cy/en/news/unemployment-sees-significant-drop-down-by-6-8-in-july-2023
The unemployed persons, registered at the District Labour Offices on the last day of July 2023, reached 13,187 persons, with their number decreasing by 958 persons or 6.8%, compared to July 2022, according to data published by the Statistical Service of Cyprus on Thursday....
https://knews.kathimerini.com.cy/en/news/italy-ends-social-income-for-its-poorest-citizens
The government of Prime Minister Georgia Meloni has decided to halt the granting of ''social income'' to unemployed and low-income citizens in Italy, starting August 1....
https://knews.kathimerini.com.cy/en/news/calum-chase-at-the-digital-agenda-cyprus-summit
Calum Chase is a best-selling writer and sought-after speaker on artificial intelligence. He focuses on the medium- and long-term impact of AI on all of us as individuals, societies and economies....
https://knews.kathimerini.com.cy/en/news/germany-recruiting-nurses-from-latin-america
Germany is continuing its efforts to recruit more nurses from countries in Latin America to tackle the ongoing labor shortage....
https://knews.kathimerini.com.cy/en/news/social-security-officials-exceed-authority-and-delay-benefits
The Parliamentary Labour Committee conducted an independent review of the procedure for evaluating unemployment benefit applications on Tuesday....
