https://knews.kathimerini.com.cy/en/business/paphos-local-planning-authority-set-to-greenlight-controversial-tourist-development
The Paphos Local Plan Authority (EOA) is on the verge of approving a contentious tourist development in Latchi, despite confirmed planning violations by the project's Israeli owners — sparking serious questions about the conduct of local authorities....
https://knews.kathimerini.com.cy/en/business/cyprus-banks-hit-record-high-profits-despite-ecb-rate-cuts
Despite the European Central Bank (ECB) preparing for its sixth interest rate cut since June 2023, bank profits in Cyprus have soared, marking two consecutive years of record earnings. ...
https://knews.kathimerini.com.cy/en/news/solar-panels-installed-in-405-schools
A total of 405 schools have had solar panel systems installed by the Technical Services of the Ministry of Education, Sports, and Youth, alongside thermal insulation and waterproofing works....
https://knews.kathimerini.com.cy/en/business/global-fintech-investment-falls-to-seven-year-low-of-$95-6-billion-in-2024-but-uptick-in-q4-24-is-a-sign-of-cautious-optimism-says-kpmg-s-pulse-of-fintech-h2-24
2024 was another difficult year for fintech, with just $95.6 billion of investment globally across 4,639 deals....
https://knews.kathimerini.com.cy/en/news/cyprus-tax-reform-bold-overhaul-aims-to-boost-economy-but-sparks-debate
Cyprus is preparing to implement its first major tax reform in over two decades, aiming to modernize the tax system, boost competitiveness, and align with international standards....
https://knews.kathimerini.com.cy/en/news/greeks-calling-for-accountability-2-years-after-tempe-train-tragedy
Two years after one of Greece’s worst railway disasters, the country is still reeling from the February 28, 2023, crash in Tempe, where 57 lives were tragically lost....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-rolls-out-the-red-carpet-for-civil-servants
A decade after the financial crisis that forced Cyprus to slash public sector benefits under the terms of its bailout agreement, the government is now gradually rolling back austerity measures — handing back perks to civil servants in a move seen as both politically strategic and potentially risky....
https://knews.kathimerini.com.cy/en/business/fintech-giants-eye-cyprus-small-banks-in-race-for-european-banking-licenses
Cyprus’ small banks have become prime targets for global fintech companies and financial institutions, with potential acquisitions aimed at securing a European banking license. ...
https://knews.kathimerini.com.cy/en/news/cyprus-government-unveils-€60m-investment-plan-to-boost-agriculture
The Cypriot government has rolled out a €60 million investment plan designed to boost the competitiveness and sustainability of the country’s agricultural sector. ...
https://knews.kathimerini.com.cy/en/news/2024-global-vc-investment-rises-to-$368b-as-investor-interest-in-ai-soars
Global VC investment rose from $349.4 billion across 43,320 deals in 2023 to $368.3 billion across 35,684 deals in 2024 despite a multitude of challenges, including global conflicts and geopolitical tensions, uncertainties associated with a significant number of major elections—...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-cancels-plan-to-sell-jcc-payment-systems
The process for the sale of JCC Payment Systems has been halted, bringing an end to the deal between JCC and Euronet that had been under consideration since the summer of 2024....
https://knews.kathimerini.com.cy/en/news/cyprus-government-gives-hotels-deadline-to-get-licensed-or-face-closure
The government is giving unlicensed hotels and tourist accommodations a two-year window to secure their operating licenses, with specific milestones and actions outlined along the way. ...
https://knews.kathimerini.com.cy/en/business/sklavenitis-reopens-first-renovated-papantoniou-hypermarket-in-engomi
The Pappantoniou supermarket in Engomi has undergone a complete renovation and will reopen its doors in early March under the new name Sklavenitis....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-posts-€508m-profit-for-2024
Bank of Cyprus has posted impressive results for 2024, reporting net profits of €508 million, marking a 4% increase from the previous year’s €487 million. The results reflect the bank's strong performance and growth, despite slight fluctuations in some areas....
https://knews.kathimerini.com.cy/en/news/cyprus-scores-above-eu-average-in-life-satisfaction-survey
A recent Eurostat survey has revealed that life satisfaction in the European Union (EU) averaged 7.3 out of 10 in 2023....
https://knews.kathimerini.com.cy/en/news/are-rules-only-for-some-illegal-latchi-hotel-expansion-set-to-be-approved
A controversial tourist development in Latchi has raised serious concerns over government transparency and adherence to the rule of law, as the construction of a four-star resort faces allegations of long-standing illegalities. ...
https://knews.kathimerini.com.cy/en/news/uk-tightens-noose-on-putin-s-inner-circle-with-new-sanctions
Nearly a year after the death of Russian opposition leader Alexei Navalny, the UK has announced a fresh wave of sanctions aimed at individuals with close ties to Vladimir Putin....
https://knews.kathimerini.com.cy/en/news/parallel-projects-on-tseriou-ave-cause-confusion-amid-€33m-overhaul
The redevelopment of Tseriou Avenue consists of two parallel projects, creating confusion in the area and significant inconvenience for shopkeepers and residents....
https://knews.kathimerini.com.cy/en/business/wizz-air-celebrates-9-million-passenger-milestone-in-cyprus
Wizz Air, EMEA’s most environmentally sustainable airline , proudly announces a major milestone in Cyprus, surpassing 9 million passengers transported to and from Larnaca International Airport since launching operations in the country. ...
https://knews.kathimerini.com.cy/en/news/cyprus-improves-corruption-ranking-but-challenges-remain
Cyprus has made progress in its fight against corruption, according to Transparency International's 2024 Corruption Perceptions Index (CPI)....
https://knews.kathimerini.com.cy/en/news/women-in-cyprus-inch-toward-equality-in-science
The number of women working in science across the European Union has been on the rise....
https://knews.kathimerini.com.cy/en/news/the-fight-for-dignity-new-proposal-seeks-to-end-hate-speech-against-the-elderly-and-disabled
Cyprus Parliament is considering a proposal to criminalize hate speech and incitement to violence against individuals based on age or disability....
https://knews.kathimerini.com.cy/en/news/shortcomings-in-cyprus-citizenship-and-immigration-processes
A recent audit of the Department of Population and Immigration (DPI) has revealed significant delays in the processing of citizenship applications, particularly those based on marriage to a Cypriot citizen....
https://knews.kathimerini.com.cy/en/news/drifting-17-kilometers-nonstop-on-ice-a-guinness-world-records™-title-for-the-taycan
A few days ago, the Porsche Experience team in Lapland set a GUINNESS WORLD RECORDS title for the longest continuous vehicle drift on ice by an electric vehicle: ...
https://knews.kathimerini.com.cy/en/news/eu-s-renewable-energy-progress-in-transport-outpaces-cyprus
According to recent data from Eurostat, the EU saw an increase in the share of renewable energy in transport in 2023 compared to 2022, while Cyprus's share remained largely unchanged....
https://knews.kathimerini.com.cy/en/comment/opinion/takata-airbag-crisis-and-cyprus-s-failure-to-act
The case with the problematic car airbags and the authorities rushing in to try to withdraw vehicles with defective Takata airbags from circulation reveals the enormous responsibilities of those who handled the issue politically and technocratically over the last thirteen years....
https://knews.kathimerini.com.cy/en/news/a-new-home-for-jewish-education-coming-to-cyprus
A new Jewish school is planned for Limassol, Cyprus, slated to open in 2027....
https://knews.kathimerini.com.cy/en/business/millions-spent-little-progress-how-government-failures-derailed-the-paphos-polis-road-project
The Paphos-Polis Chrysochous road project has become a financial and legal mess, with millions already spent but little to show for it. Delays, contract disputes, and a legal loophole are holding up the project’s completion,...
https://knews.kathimerini.com.cy/en/news/cypriot-judge-banned-for-score-fixing-to-secure-cyprus-an-olympic-spot
A top Cypriot rhythmic gymnastics judge has been banned for four years after an investigation found she manipulated scores to help a fellow Cypriot qualify for the Paris Olympics....
https://knews.kathimerini.com.cy/en/news/trump-sanctions-icc-in-defense-of-netanyahu
Former U.S. President Donald Trump has imposed sanctions on the International Criminal Court (ICC), blasting its actions as ''illegal and unjustifiable'' after it issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant....
