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12° Nicosia,
14 February, 2025
 

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Displaying results 1-30 of 2687 matches for query Economy.

1. Wizz Air celebrates 9 million passenger milestone in Cyprus

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. ...

2. Hong Kong investor increases stake in historic Agros hotel

https://knews.kathimerini.com.cy/en/business/hong-kong-investor-increases-stake-in-historic-agros-hotel

Foreign investor Balram Chainrai's aggressive pursuit of Agros' historic hotel continues into 2025 as he steadily increases his shareholding, bringing him closer to full control following his public takeover bid....

3. Christodoulides to visit US in April to boost Cyprus investments

https://knews.kathimerini.com.cy/en/news/christodoulides-to-visit-us-in-april-to-boost-cyprus-investments

President Nicos Christodoulides’ upcoming official visit to the United States in April is focused on strengthening Cyprus’ ties with the US and attracting investments, part of a broader government strategy. ...

4. Millions spent, little progress: How Government failures derailed the Paphos-Polis road project

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,...

5. High-rise towers to replace historic KEAN factory in Limassol

https://knews.kathimerini.com.cy/en/news/1-high-rise-towers-to-replace-historic-kean-factory-in-limassol

6. Cyprus unemployment drops 10.6% in a year

https://knews.kathimerini.com.cy/en/news/cyprus-unemployment-drops-10-6-in-a-year

The number of unemployed people in Cyprus saw a significant drop in January 2025, with official figures showing a 10.6% decrease compared to the same time last year....

7. Cyprus' mountain resorts see revival with government’s hotel upgrades

https://knews.kathimerini.com.cy/en/business/cyprus-mountain-resorts-see-revival-with-government-s-hotel-upgrades

Cyprus' mountain resorts are seeing a business boom, thanks to a government-backed subsidy scheme aimed at upgrading hotels and tourist accommodations. ...

8. Huge €380 million development planned by Metropolitan of Limassol

https://knews.kathimerini.com.cy/en/news/huge-€380-million-development-planned-by-metropolitan-of-limassol

A bold €380 million development project in the Municipality of Amathus and the nearby Agios Athanasios district is set to transform the area, as revealed by the environmental study recently submitted by the Metropolis of Limassol....

9. Eurobank moves for full control of Hellenic Bank in major takeover push

https://knews.kathimerini.com.cy/en/business/eurobank-moves-for-full-control-of-hellenic-bank-in-major-takeover-push

February is shaping up to be a pivotal month for Hellenic Bank, as key financial moves unfold, including a full takeover bid by major shareholder Eurobank, the completion of key acquisitions, and a voluntary exit plan for employees....

10. Homeless man fined for breaking into Larnaca social services office

https://knews.kathimerini.com.cy/en/news/homeless-man-fined-for-breaking-into-larnaca-social-services-office

A 25-year-old homeless man who broke into a Social Services office in Larnaca to find shelter was fined €300 after pleading guilty to unlawful entry and malicious damage....

11. Trump hints at new tariffs on EU imports as trade tensions escalate

https://knews.kathimerini.com.cy/en/business/trump-hints-at-new-tariffs-on-eu-imports-as-trade-tensions-escalate

US President Donald Trump has suggested that the European Union (EU) could be the next target of US tariffs, following the imposition of 25% levies on imports from Mexico, Canada, and China....

12. NASDAQ-listed Freedom24 is making its mark in Cyprus and beyond

https://knews.kathimerini.com.cy/en/business/nasdaq-listed-freedom-24-is-making-its-mark-in-cyprus-and-beyond

When Timur Turlov, the CEO of Freedom Holding Corp., set his sights on Cyprus, he saw more than just a financial hub—he saw opportunity. In a market where fintech companies are staking their claims, ...

13. Cyprus Central Bank sets interest rate limits to protect consumers

https://knews.kathimerini.com.cy/en/business/cyprus-central-bank-sets-interest-rate-limits-to-protect-consumers

The Central Bank of Cyprus (CBC) has announced that the official reference interest rate will be set at 11.50%. This means that banks and other lenders in Cyprus must not charge higher rates than this when offering loans, extending payment terms, or renewing loans. ...

14. Cyprus’ tax reform aiming for innovation, sustainability, and simplicity

https://knews.kathimerini.com.cy/en/news/cyprus-tax-reform-aiming-for-innovation-sustainability-and-simplicity

A major tax reform is underway in Cyprus as part of the Tax Transformation Project, led by the Centre for Economic Research (CER) at the University of Cyprus. ...

15. Cyprus ended 2024 with a banking boom as loans and deposits surged

https://knews.kathimerini.com.cy/en/business/cyprus-ended-2024-with-a-banking-boom-as-loans-and-deposits-surged

Cyprus closed out 2024 with a surge in banking activity, as both loans and deposits saw substantial increases, according to the latest data from the Central Bank of Cyprus (CBC). ...

16. Christodoulides unveils ambitious plans in State of the Union address

https://knews.kathimerini.com.cy/en/news/christodoulides-unveils-ambitious-plans-in-state-of-the-union-address

President Nicos Christodoulides has outlined a sweeping reform plan for 2025, aiming to enhance governance, strengthen security, and accelerate digital transformation. ...

17. Cyprus’ housing is in crisis as foreign buyers take over the market

https://knews.kathimerini.com.cy/en/news/cyprus-housing-is-in-crisis-as-foreign-buyers-take-over-the-market

As housing becomes an increasingly pressing issue for the majority of Cypriots, Parliament is opening up a debate on the surge in real estate purchases by third-country nationals....

18. A green planet with India leading the way

https://knews.kathimerini.com.cy/en/comment/opinion/a-green-planet-with-india-leading-the-way

Climate Change is a defining challenge of our times but as the world hurtles toward an escalating climate crisis, India is stepping into a global leadership role to tackle climate change. ...

19. 100% tax on foreign buyers in Spain

https://knews.kathimerini.com.cy/en/news/100-tax-on-foreign-buyers-in-spain

Spain’s Prime Minister Pedro Sanchez has proposed bold measures to address the country’s housing crisis, including a 100% tax on homes purchased by non-EU foreigners....

20. Cyprus moves closer to energy independence as drilling begins in Block 5

https://knews.kathimerini.com.cy/en/news/1-cyprus-moves-closer-to-energy-independence-as-drilling-begins-in-block-5

Excitement is building as drilling in Block 5 of Cyprus’ exclusive economic zone (EEZ) officially began on Friday. President Nikos Christodoulides announced the development with enthusiasm, highlighting its potential to position Cyprus as a key player in the European energy market....

21. Long-awaited highway finally on track with €330 million price tag

https://knews.kathimerini.com.cy/en/news/long-awaited-highway-finally-on-track-with-€330-million-price-tag

The long-delayed Polis Chrysochous-Paphos highway project, now estimated to cost a staggering €330 million, is finally moving forward with a completion target set for 2030-2032....

22. New lending boosted by interest rates and government plans

https://knews.kathimerini.com.cy/en/business/new-lending-boosted-by-interest-rates-and-government-plans

A favorable landscape for Cypriot borrowers is taking shape in 2025, laying the groundwork for a strong year in new lending....

23. Water crisis looms for Paphos farmers

https://knews.kathimerini.com.cy/en/news/water-crisis-looms-for-paphos-farmers

The Ministry of Agriculture is ramping up efforts to tackle water shortages in Paphos and ensure farmers have enough resources to sustain their crops. ...

24. Latchi port expansion to transform Polis Chrysochous

https://knews.kathimerini.com.cy/en/news/latchi-port-expansion-to-transform-polis-chrysochous

The long-anticipated expansion of Latchi Port, managed by the Cyprus Ports Authority, is once again gaining momentum. The project, considered a game-changer for Polis Chrysochous, promises to bring significant economic and social benefits to the region....

25. Oroklini to receive major €12 million upgrade with new projects

https://knews.kathimerini.com.cy/en/news/oroklini-to-receive-major-€12-million-upgrade-with-new-projects

Oroklini, a growing community near Larnaca, is gearing up for a major transformation, with a series of exciting projects set to enhance the area. ...

26. Greek companies dominate Cyprus market with expanding investments

https://knews.kathimerini.com.cy/en/business/greek-companies-dominate-cyprus-market-with-expanding-investments

In recent years, a wave of Greek companies has been making significant strides in Cyprus, investing across various sectors and expanding their reach....

27. Demetra shareholders face tough decision over Logicom’s €1.55 offer

https://knews.kathimerini.com.cy/en/business/dimitra-shareholders-face-tough-decision-over-logicom-s-€1-55-offer

The decision facing thousands of shareholders of Dimitra Investment is not an easy one....

28. Greek-ing the system: Trump’s Greek-American allies shape U.S. policy

https://knews.kathimerini.com.cy/en/news/greek-ing-the-system-trump-s-greek-american-allies-shape-u-s-policy

Donald Trump’s administration is certainly influenced by several Greek Americans who are playing key roles in shaping U.S. policies. As Trump gets ready to be sworn in for his second term, these Greeks are not only helping to execute his vision but also ensuring that the U.S.-Greece relationship remains strong....

29. Funeral parlors accused of paying bribes for bodies

https://knews.kathimerini.com.cy/en/news/funeral-parlors-accused-of-paying-bribes-for-bodies

Licensed funeral parlor owners in Cyprus are raising alarm over what they describe as an alarming trend of illegal funeral homes bribing hospital workers to secure the bodies of the deceased. ...

30. Turkish Airlines’ ‘Pet Lounge’ gives furry travelers first-class perks

https://knews.kathimerini.com.cy/en/news/turkish-airlines-‘pet-lounge-gives-furry-travelers-first-class-perks

It seems Turkish Airlines is tired of its furry passengers feeling left out of the first-class treatment. The airline, which already prides itself on flying to more countries than any other, just rolled out a ‘Pet Lounge’ at Istanbul Airport....

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