https://knews.kathimerini.com.cy/en/news/larnaca-s-palm-beach-embraces-major-renovation
The Palm Beach Hotel & Bungalows in Larnaca will be renewed and upgraded as part of its transformation into the Palm Beach Resort....
https://knews.kathimerini.com.cy/en/news/full-basic-pension-exempted-from-actuarial-reduction
The Minister of Labor, Yiannis Panayiotou, presented a proposal at the Social Insurance Council meeting, exempting the full basic pension from a 12% actuarial reduction for employees with 40 years of contributions. This proposal aims to relieve actuarial reductions for early pensions.
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https://knews.kathimerini.com.cy/en/news/property-sales-surge-to-15-year-high-due-to-foreign-buyers
Residential property sales in Cyprus hit a 15-year record high in the second quarter of 2023, with significant increases in prices, according to data released by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/news/a-3-year-wait-and-a-2024-deadline-looms-for-gas-transport
Three years after the groundbreaking for the liquefied natural gas terminal, a project worth $289 million in euros has been initiated....
https://knews.kathimerini.com.cy/en/news/government-unveils-€77-million-housing-policy-to-tackle-housing-crisis
Interior Minister Konstantinos Ioannou introduced the government's new housing policy. In his opening statement, Mr. Ioannou outlined a comprehensive plan involving multiple levels of actions and measures, which allocates €77 million over a five-year period for the implementation of specific initiatives....
https://knews.kathimerini.com.cy/en/news/britain-s-new-ship-to-protect-underwater-cables
Concerned by threats to underwater pipes and cables that connect it with Europe and the rest of the world, Britain this month formally dedicated a new and unusual surveillance ship called the RFA Proteus....
https://knews.kathimerini.com.cy/en/business/techisland-launches-proptech-working-group
TechIsland, Cyprus’ leading tech association, announces the formation of a new PropTech Working Group. ...
https://knews.kathimerini.com.cy/en/news/5-000-year-old-wine-discovered-in-queen-s-resting-place
Sealed jars of wine from 5,000 years ago have been uncovered amongst the grave goods found in an Egyptian Queen’s tomb....
https://knews.kathimerini.com.cy/en/news/explosion-rocks-ancient-st-porphyrius-church-in-gaza-city
An explosion rocked the grounds of one of the world's oldest churches, the St. Porphyrius Greek Orthodox Church in Gaza City, on Thursday evening while numerous Palestinian families sought refuge on the premises....
https://knews.kathimerini.com.cy/en/news/construction-worker-rescued-in-nicosia-accident
In a distressing incident that unfolded on the morning of October 19, an industrial accident sent shockwaves through the construction site situated in the heart of Nicosia. The incident transpired at a structure under construction on Gladstonos Street, Nicosia....
https://knews.kathimerini.com.cy/en/news/ayia-napa-marina-ceo-celebrates-historic-milestone-with-eastern-tower-delivery
Ayia Napa Marina's CEO, Stavros Caramondanis, has hailed the delivery of the eastern tower of the marina to apartment owners as a historic milestone for investors and all Cypriots. ...
https://knews.kathimerini.com.cy/en/news/new-measures-unveiled-for-energy-and-housing
In a decisive move to support Cyprus' households and businesses, the Council of Ministers, under the leadership of President Nikos Christodoulides, unveiled a comprehensive package of immediate and medium-term measures today....
https://knews.kathimerini.com.cy/en/news/rising-rent-costs-challenge-cyprus-middle-class-budgets
A disconcerting trend is unfolding in Cyprus, where not only are the prices of essential goods on the rise, but rents are also skyrocketing, sparking extensive debates and concerns throughout society according to a report on Philenews....
https://knews.kathimerini.com.cy/en/comment/opinion/real-estate-market-remains-unpredictable-despite-economic-chaos
Everything around us exudes a sense of precision. Costs are on the rise, from the basic materials used in production to the final products we consume. ...
https://knews.kathimerini.com.cy/en/news/eviction-orders-issued-for-pissouri-residences-amid-ground-subsidence-concerns
In Pissouri, eviction orders have been issued for 25 residences in the Limnes area due to ground subsidence. The President of the Pissouri Community Council, Lazaros Lazarou, reported this to Parliament. ...
https://knews.kathimerini.com.cy/en/news/electricity-link-connects-israel-cyprus-crete-and-greece
In a significant development for the energy sector, George Papanastasiou, the Minister of Energy, Trade, and Industry, expressed his warm welcome for the forthcoming implementation of the electricity interconnection project connecting Israel, Cyprus, Crete, and mainland Greece....
https://knews.kathimerini.com.cy/en/news/un-secures-pyla-buffer-zone-agreement
In a recent statement, the United Nations has announced a breakthrough in Pyla. According to their announcement, they have reached arrangements that are poised to bring resolution to the ongoing situation....
https://knews.kathimerini.com.cy/en/business/4-day-3d-printed-homes-with-eco-friendly-materials
A recyclable 3D-printed home made from natural materials has been revealed to the public, and this may only be the beginning....
https://knews.kathimerini.com.cy/en/news/turkish-cypriot-buyer-sets-sights-on-varosha-s-transformation
The Turkish Cypriot (T/C) buyer of hotels in the fenced area of Famagusta is set to accept renovation offers for the properties within the next six weeks, as reported by the T/C newspaper Yeni Bakis. ...
https://knews.kathimerini.com.cy/en/news/deadly-mirage-for-birds-with-over-1-000-fatal-collisions-in-a-single-day
In a grim escalation of tensions, the Israel Defense Forces (IDF) have accused Hamas of taking "hostages and prisoners of war," according to Brig. Gen. Daniel Hagari, the IDF spokesperson....
https://knews.kathimerini.com.cy/en/news/cyprus-public-transport-gets-a-facelift-as-massive-infrastructure-upgrade-underway
In a significant development, a new contract signed at the Ministry of Transport on Thursday outlines extensive improvements to Cyprus' public transportation infrastructure....
https://knews.kathimerini.com.cy/en/comment/opinion/real-estate-boom-in-greece-and-cyprus
The real estate landscapes of Greece and Cyprus are undergoing significant transformations, with both nations showcasing promising growth and recovery. However, beneath the surface of these top-line numbers, there are underlying challenges and disparities that need to be addressed....
https://knews.kathimerini.com.cy/en/business/€9-5-million-tourism-investment-shaping-paralimni-s-future
In a significant development within the Famagusta province, specifically in the municipality of Paralimni, a noteworthy €9.5 million investment project is currently underway in the tourism sector....
https://knews.kathimerini.com.cy/en/news/foreign-buyers-flock-to-cyprus-real-estate
Recent data on property sales in Cyprus reveal distinct trends in different provinces. Notably, the real estate landscape in Nicosia contrasts sharply with that of coastal provinces....
https://knews.kathimerini.com.cy/en/news/cyprus-government-approves-24-hour-care-facilities-for-disabled-adults
The Council of Ministers has given its nod to a proposal by the Ministry of Social Welfare, paving the way for the acquisition of five buildings designated for 24-hour care facilities for adults with disabilities. Deputy Minister Marilena Evangelou made this announcement following the Council of Ministers' meeting on Tuesday....
https://knews.kathimerini.com.cy/en/news/nicosia-landmark-tipped-to-become-holistic-wellness-destination
MHV, in partnership with Marriott International, Inc., has announced that The Landmark Nicosia Hotel will join the Autograph Collection Hotels. The hotel is set to reopen in late 2024 under the name "The Landmark Nicosia, Autograph Collection," marking the first Cyprus hotel to be part of this prestigious collection....
https://knews.kathimerini.com.cy/en/business/no-fee-increases-for-2024-at-larnaca-marina
Kition Ocean Holdings announced on Thursday that there will be no increases in berthing fees for recreational boat owners at Larnaca Marina in 2024. ...
https://knews.kathimerini.com.cy/en/comment/opinion/revolutionizing-management-of-multi-owner-buildings-in-cyprus
The proposed legislative changes, tabled in the parliament yesterday, seek to modify and enhance the existing framework for the management of common buildings....
https://knews.kathimerini.com.cy/en/news/construction-of-petrol-storage-terminal-must-be-a-priority-says-energy-minister
The construction of a petroleum products storage terminal with a completion date of 2025 is considered a project of exceptional importance with regard to Cyprus' strategic energy autonomy, Minister of Energy, Commerce and Industry, George Papanastasiou, ...
https://knews.kathimerini.com.cy/en/business/nearly-€158-000-in-fines-imposed-for-undeclared-and-illegal-labor
In a series of targeted measures and inspections by the Ministry of Labour and Social Insurance and the Ministry of Interior, 204 illegal workers and 98 undeclared workers were found to be working at businesses, and as a result, administrative fines of €157,900 were issued against these companies....
