https://knews.kathimerini.com.cy/en/news/127-236-people-in-cyprus-were-at-risk-of-poverty-in-2023
Nearly 14% of people in Cyprus were at risk of poverty in 2023, according to a new report from the Statistical Service of Cyprus. This means around 127,236 individuals lived on a yearly disposable income of €11,324 or less....
https://knews.kathimerini.com.cy/en/news/moody-s-sees-positive-outlook-for-hellenic-bank-following-eurobank-deal
Moody’s upgraded Hellenic Bank’s credit rating to Baa2 from Baa3 on Wednesday, citing the recent acquisition of a 56% stake by Eurobank S.A. The agency also revised the bank's outlook to positive.
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https://knews.kathimerini.com.cy/en/news/multicare-elite-by-universal-life-delivers-unparalleled-medical-coverage-with-the-highest-limits-in-cyprus
Interview with Accident & Health Manager of Universal Life Stelios Sofroniou...
https://knews.kathimerini.com.cy/en/comment/opinion/the-price-of-green-how-the-poor-subsidize-the-rich-s-environmental-perks
''Fortunately, crumbs are falling from the tables of the rich, so we don't starve to death,'' lamented a long-suffering, honest, and somewhat ''naive'' man....
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/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/experts-warn-of-dangerous-decline-in-young-people-s-mental-health
Experts are sounding alarms over a ''dangerous'' decline in the mental health of young people worldwide, citing factors such as intergenerational inequality, pervasive social media use, low wages, unstable employment, and the climate crisis....
https://knews.kathimerini.com.cy/en/news/eurobank-cyprus-reports-€105-7m-net-profit-for-h1-2024
Eurobank Cyprus reported a net profit of €105.7 million for the first half of 2024, marking a 16% increase, or €14.9 million, compared to the same period in 2023....
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. ...
https://knews.kathimerini.com.cy/en/news/financial-education-in-cyprus-schools-after-metamax-scandal
The ongoing investigation into the Metamax investment pyramid scheme is causing growing alarm across Cyprus. Complaints to police departments have surpassed 100, with over €220,000 allegedly defrauded. ...
https://knews.kathimerini.com.cy/en/news/elon-musk-commits-$45m-monthly-to-boost-trump-s-election-bid
Elon Musk intends to contribute $45 million per month to a Super PAC aimed at supporting Donald Trump's electoral campaign, starting from July, as reported by the Wall Street Journal....
https://knews.kathimerini.com.cy/en/news/luxury-retailers-saks-and-neiman-marcus-merge-in-big-deal
A new luxury retail giant is emerging in the United States as the parent company of Saks Fifth Avenue acquires Neiman Marcus for $2.65 billion....
https://knews.kathimerini.com.cy/en/business/astrobank-wins-international-recognition-for-the-second-consecutive-year
AstroBank has been named Best Private Bank – Cyprus by the Global Private Banking Innovation Awards 2024 for the second consecutive year.
...
https://knews.kathimerini.com.cy/en/news/fitch-elevates-hellenic-bank-s-credit-rating
Fitch Ratings has upgraded Hellenic Bank's Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+', with stable outlook and its Viability Rating (VR) to 'bbb-' from 'bb+'.
...
https://knews.kathimerini.com.cy/en/news/great-seat-interconnector-study-outlines-benefits-july-11
The Greek Regulatory Authority for Energy (RAAEU) has made a significant decision regarding the methodology for calculating the regulated revenue......
https://knews.kathimerini.com.cy/en/comment/opinion/why-building-a-home-is-rare-today
As discussed in our previous article, the housing landscape in our country is changing, with home ownership rates decreasing and aligning with the European average. ...
https://knews.kathimerini.com.cy/en/news/minister-michaelidou-affirms-cyprus-commitment-to-european-schools
Cyprus has the intention to prioritize the aims of the European Schools System the Cyprus Presidency of the Council of the EU in the first half of 2026, Minister of Education, Sport and Youth Dr. Athena Michaelidou has said....
https://knews.kathimerini.com.cy/en/news/trump-donations-surge-after-conviction-beating-biden-by-$60m
Donald Trump’s campaign outraised President Joe Biden by more than $60 million last month, according to federal filings that detailed the Republican fundraising explosion sparked by Trump’s felony convictions....
https://knews.kathimerini.com.cy/en/news/cyprus-achieves-€600-million-fiscal-surplus-in-q1-2024
Cyprus generated a fiscal surplus close to €600 million in the first quarter of 2024, marking an increase of 58% year on year, driven by the rise in state revenue which exceeded the rise in spending....
https://knews.kathimerini.com.cy/en/news/new-global-report-launched-at-global-family-business-summit
The Global Family Business report from KPMG Private Enterprise and the STEP Project Global Consortium reveals how some successful business families adopt a future-centric view of legacy that binds generations together, creating dynamic legacies that adhere with tradition while simultaneously embracing innovation...
https://knews.kathimerini.com.cy/en/comment/opinion/the-conclusion-of-aydin-dikmen-s-artifact-saga
The case involving Aydin Dikmen, the Turkish antiquities thief, reached its conclusion on Tuesday, June 6th, as the Munich Court of Appeal ruled on the return of remaining artifacts:...
https://knews.kathimerini.com.cy/en/news/l-a-socialite-will-sit-in-jail-for-running-over-kids-no-one-is-above-the-law
Rebecca Grossman, a wealthy Los Angeles socialite, was sentenced Monday to 15 years to life in prison for the deaths of two boys who were crossing the street with their family in a tragic accident....
https://knews.kathimerini.com.cy/en/news/fidias-panayiotou-s-controversial-candidacy-and-the-rise-of-anti-politics
''If you thought Phidias had no opinion on the Cyprus problem, you are wrong. He does. It was just better when he didn't,''...
https://knews.kathimerini.com.cy/en/news/31-000-children-in-cyprus-below-poverty-line
The percentage of children at or below the poverty line in Cyprus stood at 18.1% in 2022, equivalent to around 31 thousand children according to Eurostat......
https://knews.kathimerini.com.cy/en/news/pasykaf-combats-cyprus-2nd-most-common-cancer-in-women
In a dedicated effort to shed light on thyroid health, the Pan-Cyprian Association of Cancer Patients and Friends (PASYKAF) has launched a groundbreaking campaign in collaboration with the Cyprus Endocrinological Society and OPAP KYPROU....
https://knews.kathimerini.com.cy/en/comment/opinion/labor-shortage-hits-antiparos-island
The small Aegean island of Antiparos is in a fever of preparations for the summer’s tourism miracle. ...
https://knews.kathimerini.com.cy/en/business/us-fund-eyes-investment-in-greece-cyprus-israel-sea-link
The US sovereign wealth fund, SWF, is keen on joining the Greece-Cyprus-Israel Great Sea Interconnector project. ADMIE, the Transmission System Operator for the Hellenic Electricity Transmission System, confirmed SWF's interest, which could involve funding or loans....
https://knews.kathimerini.com.cy/en/news/banking-sector-s-pledge-to-environmental-transition
Eliza has been the Executive Director of Finance since October 2019 and since October 2021 she has been an Executive Member of the Bank of Cyprus Board of Directors....
https://knews.kathimerini.com.cy/en/comment/opinion/cypriots-torn-between-palestine-and-israel
The Greek Cypriot approach to the conflict between Palestinians and Israelis has always been conflicted, mainly because we don't know with whom to identify....
https://knews.kathimerini.com.cy/en/news/no-jurors-chosen-yet-in-senator-menendez-s-corruption-trial
Jury selection began in the corruption trial of U.S. Senator Robert Menendez on Monday, with a judge excusing dozens of prospective jurors in a case that could affect the Democrat's political future and the makeup of the U.S. Senate....
