https://knews.kathimerini.com.cy/en/business/ecb-announces-final-rate-cut-for-2024
The European Central Bank (ECB) has announced a 25 basis point reduction in interest rates, marking the fourth consecutive cut for 2024....
https://knews.kathimerini.com.cy/en/news/legal-battle-intensifies-over-intrakat-s-€7-2m-guarantee-for-paphos-motorway
The ongoing legal battle between the Republic of Cyprus and the contractor Intrakat over the Paphos-Polis Chrysochous motorway project continues to create a complicated mess with multiple court cases in play....
https://knews.kathimerini.com.cy/en/life/snapshots-of-an-otherworldly-presence
Andros Efstathiou's photography exhibition "Nicosia International Airport" opens on Friday, December 13th. ...
https://knews.kathimerini.com.cy/en/business/december-newsletter-of-k-treppides-co-ltd-06-12-2024
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/geopolitical-pressures-threaten-2025-recovery
Speaking at the 20th Economist Conference in Nicosia, Nick Hill highlighted the macroeconomic and geopolitical challenges shaping the global financial environment....
https://knews.kathimerini.com.cy/en/business/business-loans-on-the-rise-in-cyprus-but-consumer-borrowing-takes-a-hit
Cyprus experienced a rise in net new loans in October, driven primarily by businesses borrowing more, especially for amounts exceeding €1 million. ...
https://knews.kathimerini.com.cy/en/news/astromeritis-evrychou-motorway-on-track-for-completion-by-2025-says-transport-minister
he long-awaited Astromeritis-Evrychou motorway project, a key initiative connecting the Troodos region with Nicosia, is steadily advancing toward completion, according to Cyprus's Minister of Transport, Communications, and Works, Alexis Vafeadis....
https://knews.kathimerini.com.cy/en/news/messages-allegedly-left-on-bullet-casings-in-ceo-s-murder
The murder of UnitedHealthcare CEO Brian Thompson on a New York City sidewalk has taken a dark and cryptic twist. Investigators found that each bullet casing left at the scene bore a single word: 'deny', 'depose', and 'defend'. ...
https://knews.kathimerini.com.cy/en/news/nationally-funded-research-project-dynamo-to-redefine-energy-sharing-within-communities
The first meeting of the consortium for the DYNAMO project (Decentralized Energy Management Platform for Smart Communities) was recently held, launching the project which aims to redefine energy sharing and transactions within communities....
https://knews.kathimerini.com.cy/en/news/debate-intensifies-over-proposed-5-tax-on-bank-profits-in-cyprus
According to a report by Panayiotis Rougalas in today's 'Oikonomiki', a controversial proposal to introduce a 5% tax on bank profits in Cyprus is racing against time to be debated in Parliament before the Christmas recess....
https://knews.kathimerini.com.cy/en/news/police-warn-of-counterfeit-euro-banknotes-circulating-ahead-of-holiday-season
With the festive season approaching, the Cyprus Police have issued a warning about counterfeit euro banknotes circulating in the country....
https://knews.kathimerini.com.cy/en/business/cybersecurity-and-ict-risks-emerge-as-leading-drivers-of-operational-risk
Geopolitical tensions have significantly increased operational risks, particularly in the areas of cyber and digital threats, as well as risks related to money laundering and sanctions compliance....
https://knews.kathimerini.com.cy/en/news/nato-surrounds-chinese-ship-over-undersea-cable-sabotage
Authorities are investigating the deliberate cutting of two undersea internet cables connecting Finland and Sweden to Central Europe last week, suspecting sabotage by a Chinese cargo vessel. ...
https://knews.kathimerini.com.cy/en/news/cyprus-eu-anniversary-coins-spark-collector-mania
The Central Bank of Cyprus’ commemorative coins celebrating 20 years since Cyprus joined the European Union have proven to be a hot commodity among collectors....
https://knews.kathimerini.com.cy/en/news/stella-kyriakides-earns-an-a-for-health-leadership
The European Commission's first team under Ursula von der Leyen for the 2019-2024 term has had a tumultuous and significant five years....
https://knews.kathimerini.com.cy/en/news/cyprus-and-greece-forge-closer-ties-in-historic-meeting
President Nikos Christodoulides described the second intergovernmental meeting between Cyprus and Greece as a historic milestone. For the first time, 14 Greek Cabinet ministers joined their Cypriot counterparts in Nicosia, reflecting the deepening collaboration between the two nations....
https://knews.kathimerini.com.cy/en/business/primary-residence-and-the-benefit-of-5-reduced-vat-rate
Nowadays having your own permanent residence is a must, however the cost for the acquisition or construction of a house/apartment has significantly increased in the last few years....
https://knews.kathimerini.com.cy/en/news/road-to-nowhere-as-paphos-polis-project-hits-a-dead-end
The long-awaited Paphos-Polis Chrysochous road project has hit a major roadblock, with construction halted at just 21% completion and the Republic of Cyprus now facing legal challenges from the former contractor, INTRAKAT. ...
https://knews.kathimerini.com.cy/en/news/declassified-cyprus-invasion-documents-confirm-old-truths
The recently declassified intelligence documents on the events surrounding the 1974 Turkish invasion of Cyprus and the coup against Archbishop Makarios shed light on the complex dynamics of the period but do not significantly alter existing historical conclusions. ...
https://knews.kathimerini.com.cy/en/news/cyprus-anti-corruption-authority-s-major-investigations-near-completion
The Independent Anti-Corruption Authority of Cyprus is making waves as it tackles high-profile investigations into alleged corruption, including the controversial ''gold passports'' scheme, claims of a ''state mafia,'' and other issues....
https://knews.kathimerini.com.cy/en/news/cyprus-reunification-off-the-table-says-former-u-s-ambassador-warns-europe-not-to-rely-on-u-s
A statesman, a diplomat, and a patriot, John Koenig is the epitome of dedication to service and diplomacy. With a career spanning over three decades, he has served in pivotal roles across the globe, from his time as U.S. Ambassador to Cyprus from 2012 to 2015 to his earlier postings in Belgium, Greece, Indonesia, Italy, and the Philippines.
...
https://knews.kathimerini.com.cy/en/news/dbrs-morningstar-cyprus-shows-strong-recovery-in-tackling-bad-loans
Cyprus is starting to see some positive shifts in its financial sector, particularly when it comes to tackling non-performing loans (NPLs) – loans that borrowers have stopped paying. ...
https://knews.kathimerini.com.cy/en/business/cyprus-fires-contractor-on-stalled-pafos-polis-motorway-project
The Cyprus Department of Public Works announced it is terminating its contract with INTRACOM Constructions S.A., the company responsible for the stalled Pafos-Polis Chrysochous motorway project,
...
https://knews.kathimerini.com.cy/en/news/staff-shortages-stall-local-government-reform-in-cyprus
According to Kathimerini's Pavlos Neophytou, the implementation of Local Government Reform in Cyprus faces critical staffing and operational challenges, especially in development licensing within Provincial Local Authorities (PLAs). ...
https://knews.kathimerini.com.cy/en/news/antibiotic-misuse-in-cyprus-fuels-deadly-resistance-surge
Cyprus ranks among European Union countries with the highest antibiotic consumption and microbial resistance rates, Health Minister Michalis Damianou said Friday at a news conference kicking off a campaign on antibiotic stewardship and antimicrobial resistance.
...
https://knews.kathimerini.com.cy/en/news/fed-cuts-rates-by-0-25-economic-activity-expands-steadily
The Federal Reserve on Thursday cut interest rates by 0.25 percentage points for the second consecutive meeting, bringing the target range to 4.50% to 4.75%, as expected. The decision was unanimous....
https://knews.kathimerini.com.cy/en/news/larnaca-and-paphos-airports-to-handle-17-5-million-passengers-annually
The deal to hand over Larnaca and Paphos airports to Hermes Airports Ltd is nearly sealed, as the company moves toward......
https://knews.kathimerini.com.cy/en/news/trump-s-emotional-appeal-vs-harris-s-missed-connections
Experts, academics, and political analysts in Cyprus have weighed in on the reasons behind Donald Trump’s success in the latest U.S. elections and Kamala Harris's defeat. ...
https://knews.kathimerini.com.cy/en/news/transport-ministry-inaugurates-new-motorway-that-will-ease-traffic
According to Kathimerini's Dorita Yiannakou, Cyprus marked a milestone in its transportation network Tuesday with the inauguration of the Nicosia peripheral motorway’s first phase, a project intended to ease congestion, enhance safety, and facilitate trade across the island....
https://knews.kathimerini.com.cy/en/business/hellenic-bank-reports-€284-4m-profit-for-2024
Hellenic Bank reported a profit of €284.4 million for the first nine months of 2024, up from €240.7 million in the same period last year....
