https://knews.kathimerini.com.cy/en/business/jumbo-buys-out-shopping-mall-in-€10-8m-deal-with-eurobank
Retail heavyweight Jumbo has expanded its footprint in Greece, finalizing a €10.8 million cash deal to buy out the VESO MARE shopping center in Patras from Eurobank....
https://knews.kathimerini.com.cy/en/news/cyprus-this-week-banks-mots-and-tax-talks-stir-debate
Cyprus’ headlines this week reflect a mix of economic, labor, and public safety issues, from banks rewarding employees handsomely to questions about who is really keeping the country’s roads safe. ...
https://knews.kathimerini.com.cy/en/business/cyprus-considers-raising-family-income-limit-in-major-tax-reform
Finance Minister Makis Keravnos said Friday he is open to raising the family income ceiling for tax deductions to €90,000 from the proposed €80,000, noting that ''the cost is not prohibitive.''...
https://knews.kathimerini.com.cy/en/business/global-food-prices-drop-for-second-month-in-a-row
Global food prices continued their downward trend in October, marking a second consecutive monthly decline, the United Nations Food and Agriculture Organization (FAO) reported on Friday....
https://knews.kathimerini.com.cy/en/news/christodoulides-government-weighs-next-steps-after-employers-reject-cola-proposal
President Nikos Christodoulides has indicated that the government is considering alternative approaches to the Cost of Living Allowance (COLA) after employers’ organizations rejected its proposed permanent agreement....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-cuts-staff-again-with-new-severance-offer
The Bank of Cyprus is downsizing again, launching a new voluntary exit plan for 40 to 50 employees as it seeks to cut staff and rein in expenses....
https://knews.kathimerini.com.cy/en/business/employers-unanimously-reject-cost-of-living-proposal-by-government
Cyprus’ two leading employer groups have rejected the government’s proposal for a new Cost-of-Living Allowance (ATA) deal, saying the draft agreement “falls short” on several key points and cannot be signed as it stands....
https://knews.kathimerini.com.cy/en/business/ai-is-changing-everything-but-are-we-ready-for-it
Artificial intelligence is reshaping the global economy, labor, education, and finance, creating vast opportunities but also deep challenges, speakers warned at the 21st Economist Conference in Cyprus, where AI dominated this year’s agenda....
https://knews.kathimerini.com.cy/en/news/turkey-denounces-eu-progress-report-as-biased-towards-greece-and-cyprus
Turkey’s Ministry of Foreign Affairs has criticized the European Union’s latest annual progress report on Turkey’s EU accession, calling it ''biased and unfounded'' and accusing Brussels of siding with Greece and the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/business/1-limassol-port-on-pause-again
Truckers at Limassol Port walked off the job Monday, launching an indefinite strike that could bring container traffic to a standstill....
https://knews.kathimerini.com.cy/en/business/cyprus-in-the-spotlight-mediterranean-pact-offers-jobs-energy-and-influence
Cyprus is positioning itself for a front‑row seat in a major new regional plan. The EU‑backed Pact for the Mediterranean, launched in mid‑October, aims to deepen cooperation across the southern shores of the Mediterranean, and Cyprus stands to gain in several concrete ways....
https://knews.kathimerini.com.cy/en/news/alpha-bank-completes-the-acquisition-of-astrobank-s-banking-operations-in-cyprus
Alpha Bank announces the successful completion of the acquisition of substantially all assets and liabilities of AstroBank Public Company Ltd (“AstroBank”), through its subsidiary Alpha Bank Cyprus Ltd (“Alpha Bank Cyprus”) and other Group entities, following the receipt of all required regulatory approvals (the “Transaction”)....
https://knews.kathimerini.com.cy/en/news/president-unveils-major-tax-overhaul-aimed-at-fairness-growth-and-green-transition
Cyprus is rolling out the biggest tax shake-up in more than two decades, promising a fairer system that supports families, strengthens local businesses, and keeps the economy competitive....
https://knews.kathimerini.com.cy/en/news/europe-s-economy-takes-a-breather-but-cyprus-isn-t-immune-to-the-cough
Europe’s economy is trying to catch its breath. Exports are slumping, inflation is lingering, and policymakers are now counting on people’s paychecks and steady jobs to keep things from stalling completely....
https://knews.kathimerini.com.cy/en/news/on-the-road-to-patience-cyprus-builds-3-kilometers-in-25-years
If slow and steady really does win the race, Cyprus might just take gold. After a quarter of a century of promises, studies, delays, and political ribbon-cutting, the first 3.6 kilometers of the long-awaited Limassol–Saittas highway have finally been completed....
https://knews.kathimerini.com.cy/en/business/cyprus-reports-€29-3-billion-negative-net-financial-position-household-income-climbs-in-2024
Cyprus closed 2024 with a negative net financial position of €29.27 billion, according to new data detailing macroeconomic indicators by institutional sector....
https://knews.kathimerini.com.cy/en/business/cyprus-posts-4-9-unemployment-in-september-2025-among-eu-s-lowest
Recent figures from Eurostat show that Cyprus continues to perform strongly in the labor market, recording an unemployment rate of 4.9% in September 2025. ...
https://knews.kathimerini.com.cy/en/comment/opinion/the-government-s-two-choices
This government has two choices, and it seems determined to take the easy one: the path of handouts, subsidies, and tax breaks. ...
https://knews.kathimerini.com.cy/en/business/cyprus-chosen-to-lead-eastern-europe-investment-hub
Cyprus is making a name for itself on the international investment stage. Invest Cyprus, the agency that brings businesses and investors to the island, has been elected Regional Director for Eastern Europe at the World Association of Investment Promotion Agencies (WAIPA) for 2025‑27....
https://knews.kathimerini.com.cy/en/business/petrolina-double-awarded-for-excellence-in-collaboration-at-the-cyprus-responsible-business-awards-2024
Petrolina was recognized at the Cyprus Responsible Business Awards 2024, receiving both a Gold and a Bronze Award in the category ''Excellence in Collaboration: Business–NGO Partnership.''...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-opens-india-hub-to-attract-new-business
The Bank of Cyprus is setting up a special ''India Hub'' to help Indian businesses work with the bank and explore opportunities in Cyprus and Europe....
https://knews.kathimerini.com.cy/en/business/cyprus-extends-zero-vat-on-essential-goods-through-2026
Cyprus will maintain a zero value-added tax on certain basic goods until December 2026, the Finance Minister, Makis Keravnos, announced Wednesday following Cabinet approval of the measure....
https://knews.kathimerini.com.cy/en/news/erhurman-s-victory-signals-shift-in-turkish-cypriot-politics
The recent election victory of Tufan Erhurman in the occupied north of Cyprus marks more than a simple leadership change: it reflects a reshaping of Turkish Cypriot political identity, according to research by the University of Cyprus....
https://knews.kathimerini.com.cy/en/business/at-mackenzie-beach-the-party-never-ends-and-neither-does-the-tax-evasion
An internal audit has raised serious concerns over how Cyprus’s Tax Department handled suspected tax evasion at bars and restaurants along Mackenzie Beach in Larnaca, finding what officials described as a “troubling pattern of leniency” toward businesses with known irregularities....
https://knews.kathimerini.com.cy/en/news/boc-fintech-hackathon-6-0-empowering-innovation-in-the-new-era-of-fintech
The 6th BoC Fintech Hackathon, organized by the Bank of Cyprus, was held at the IDEA Innovation Centre from 10–12 October 2025, and concluded with resounding success....
https://knews.kathimerini.com.cy/en/news/japan-elects-first-female-prime-minister-breaking-a-male-dominated-era
Japan has appointed its first female prime minister, a historic milestone in a country long dominated by men....
https://knews.kathimerini.com.cy/en/news/online-job-scams-spreading-fast-and-cyprus-could-be-next
At first glance, the job offers looked legitimate, openings at major companies, “remote work” possibilities, and HR emails that seemed real. But behind the scenes were scammers using sophisticated tricks to steal money or personal information....
https://knews.kathimerini.com.cy/en/business/major-mackenzie-venues-escaped-tax-scrutiny-despite-red-flags
The Audit Service has slammed the Tax Department for failing to properly check some of Larnaca’s biggest nightlife and event venues in the Mackenzie area. ...
https://knews.kathimerini.com.cy/en/business/‘cyprus-can-become-a-regional-ai-hub-says-insead-professor
Cyprus has what it takes to become a regional leader in artificial intelligence (AI), but time is running out, says Theodoros Evgeniou, professor of technology and entrepreneurship at INSEAD, one of the world’s top business schools....
https://knews.kathimerini.com.cy/en/business/massive-cybercrime-network-exposed-after-draining-hundreds-of-greek-bank-accounts
Authorities are unraveling what prosecutors call the nation’s most extensive cyberfraud operation, accused of siphoning funds from hundreds of online bank accounts through a sprawling network of coordinated scams....
