https://knews.kathimerini.com.cy/en/news/despite-ahk-chief-s-assurances-technocrats-push-for-higher-power-rate-hike
Even though the chairman of the Electricity Authority of Cyprus (AHK), Giorgos Petrou, recently stated that the AHK would be requesting only a modest 3% electricity price hike, the utility’s technocrats are still pushing for an increase of up to 7.5% before VAT....
https://knews.kathimerini.com.cy/en/news/cash-back-coming-as-2013-crisis-victims-set-for-payouts-in-2025
A long-awaited boost is on the way for individuals hit hardest by Cyprus’ 2013 banking crisis. On June 6, the National Solidarity Fund (NSF) Committee finalized the structure of the 2025 Loss Compensation Plan, set to roll out later this summer....
https://knews.kathimerini.com.cy/en/business/long-term-government-bonds-face-growing-investor-pushback
Governments around the world are encountering unexpected resistance in the bond markets as long-term debt issuances increasingly struggle to attract investors, marking a break from years of routine fundraising....
https://knews.kathimerini.com.cy/en/news/wall-in-the-sea-at-kourion-raises-legal-questions-and-scrutiny-of-british-bases
A newly constructed wall extending into the sea at Kourion Beach has triggered public backlash and raised serious concerns about violations of coastal protection laws and the role of the British Bases in environmental oversight....
https://knews.kathimerini.com.cy/en/business/new-cafe-to-open-inside-closed-famagusta-sparks-debate
The so-called ''mayor'' of the occupied area of Famagusta, Suleiman Ulucai, announced plans for a new beach restaurant to open this summer inside the closed-off city of Varosha, raising fresh tensions amid the ongoing division of Cyprus....
https://knews.kathimerini.com.cy/en/business/thousands-see-cheaper-monthly-payments-as-boc-lowers-loan-rates
Cyprus homeowners and businesses, take note: your loan payments might be about to shrink....
https://knews.kathimerini.com.cy/en/news/tornaritis-launches-get-up-movement-politics-but-run-like-a-business
Christoforos Tornaritis has unveiled the first glimpse of his new political movement, ''Get Up,'' which promises to ditch traditional politics in favor of what he calls a more professional, business-style approach to running the country....
https://knews.kathimerini.com.cy/en/business/alpha-bank-sets-sights-on-cyprus-insurer-altius-in-expansion-push
Alpha Bank is in talks to buy Altius Insurance, a Cyprus-based insurance company it already works with to sell insurance products through its branches. While nothing has been finalized yet, sources say discussions have progressed to a potential acquisition....
https://knews.kathimerini.com.cy/en/business/lidl-cyprus-takes-responsibility-for-the-environment
Recognizing that protecting the environment is a responsibility we all share, Lidl Cyprus takes an active role by implementing actions that enhance environmental awareness and contribute meaningfully to addressing the climate crisis....
https://knews.kathimerini.com.cy/en/business/good-news-for-borrowers-as-ecb-to-cut-interest-rates
The European Central Bank (ECB) is widely expected to cut its key interest rates by 0.25% this Thursday, a move that could bring welcome relief for borrowers and banks in Cyprus. ...
https://knews.kathimerini.com.cy/en/business/may-newsletter-of-k-treppides-co-ltd-–-30-05-2025
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...
https://knews.kathimerini.com.cy/en/business/green-light-for-six-story-apartment-block-in-former-refinery-zone
A new six-story residential building is coming to Larnaca’s Chrysopolitissa parish after the Environmental Authority approved plans for the project, which is set to transform a plot within the old refinery zone into modern housing....
https://knews.kathimerini.com.cy/en/business/cyprus-exits-eu-s-macroeconomic-imbalance-list-as-brussels-urges-reforms-in-innovation-energy-and-education
Cyprus is no longer considered a country with macroeconomic imbalances, the European Commission announced Wednesday in its 2025 Spring Package, marking a significant milestone in the nation’s post-crisis economic recovery....
https://knews.kathimerini.com.cy/en/news/no-green-light-for-jet-skis-yet-as-ayia-napa-puts-konnos-water-sports-on-hold
Water sports at one of Cyprus’ most popular beaches are on hold, for now. The Ayia Napa Municipality has hit pause on the licensing process for activities in the Konnos Bay area, raising red flags over safety and health concerns....
https://knews.kathimerini.com.cy/en/news/ey-announces-the-appointment-of-4-new-partners-in-cyprus
EY Cyprus is pleased to announce that its leadership team has been strengthened with the addition of four new partners:...
https://knews.kathimerini.com.cy/en/business/deloitte-cyprus-welcomes-two-new-partners
Deloitte Cyprus is pleased to announce the growth of its leadership team with the appointment of two new partners, effective 1 June 2025....
https://knews.kathimerini.com.cy/en/news/payabl-launches-virtual-business-cards-to-empower-smarter-business-spending
Leading European financial technology provider, payabl. has launched its Virtual Business Cards service, a digital payment solution designed to give businesses greater control, security, and visibility over their spending....
https://knews.kathimerini.com.cy/en/news/the-landmark-nicosia-towers-the-ultimate-5-star-lifestyle-choice-in-nicosia
As the most prestigious real estate project in the modern history of Nicosia is developing in full speed, the vision of the owner MHV, a company group with a prominent role in the luxury hospitality and premium real estate scene of Cyprus and the Eastern Mediterranean, is becoming more and more evident....
https://knews.kathimerini.com.cy/en/business/coral-energy-shell-licensee-strengthens-ties-with-its-partners-in-the-cypriot-market
https://knews.kathimerini.com.cy/en/news/shock-bills-football-fixes-a-u-turn-on-makarios-ave-cyprus-week-of-curveballs
From electricity bills getting a surprise bump to football clubs sliding past tax rules (again) and a Nicosia street project taking a literal U-turn, this week was full of plot twists. ...
https://knews.kathimerini.com.cy/en/business/byd-officially-debuts-in-cyprus-at-glamorous-old-gsp-square-event
In the fully renovated and iconic Old GSP Square, BYD made its official debut in the Cypriot market during a glamorous event hosted by Alpan Group, a member of the Sfakianakis Group and the official distributor of BYD vehicles in Cyprus....
https://knews.kathimerini.com.cy/en/life/tomatoes-take-center-stage-in-parekklisia-s-tastiest-festival-yet
If there’s one thing that unites a village, it’s good food, and Parekklisia’s favorite fruit is getting the full red-carpet treatment once again. On June 22, the heart of this Limassol community will transform into a celebration of all things tomato at the fourth annual Tomato Festival....
https://knews.kathimerini.com.cy/en/business/over-60-000-work-permits-issued-to-foreign-talent-in-cyprus-since-2014
Cyprus has issued more than 60,000 residence and work permits to foreign nationals over the past decade as part of a push to attract tech talent and investment, according to figures released by Interior Minister Constantinos Ioannou....
https://knews.kathimerini.com.cy/en/business/freedom24-hits-100k-users-in-greece-driven-by-digital-savvy-investors
https://knews.kathimerini.com.cy/en/news/isolated-showers-strong-winds-and-a-selective-day-off
Today is the Ascension, a significant date in the Christian calendar, marking 40 days after Easter. In Cyprus, it doubles as one of those curious days when the island seems to agree to disagree....
https://knews.kathimerini.com.cy/en/news/cyprus-caught-in-drug-cartel-crossfire-says-paphos-mayor
Paphos Mayor Phedonas Phedonos has made explosive claims that Cyprus is now part of an international money laundering network used by Latin American drug cartels....
https://knews.kathimerini.com.cy/en/business/22-real-estate-investment-opportunities-by-astrobank
AstroBank is offering an exceptional selection of residential land for sale in Nicosia, Paphos and Famagusta....
https://knews.kathimerini.com.cy/en/business/india-turns-its-gaze-to-cyprus-as-gateway-to-europe-and-the-middle-east
Cyprus is emerging as a promising bridge between India and the broader regions of Europe and the Middle East, with business ties between the two countries gaining serious momentum....
https://knews.kathimerini.com.cy/en/news/aykut-defends-property-sales-in-turkish-tv-interview
Businessman Simon Aykut, accused of unlawfully selling Greek Cypriot properties in the occupied north, defended the legality of his company’s real estate dealings in a televised interview presented Monday as evidence in a Nicosia courtroom....
https://knews.kathimerini.com.cy/en/business/global-vc-investment-rises-in-q1-25-on-back-of-record-setting-$40-billion-open-ai-deal-according-to-kpmg-s-venture-pulse
Global VC investment surged from $118.7 billion in Q4’24 to an eleven-quarter high of $126.3 billion in Q1’25, despite ongoing geopolitical conflicts and tensions, continued concerns about global trade and tariffs, and the delay of a major reopening in the IPO market....
