https://knews.kathimerini.com.cy/en/business/the-great-sea-interconnector-will-cut-electricity-costs-by-30
Minister of Energy, Commerce, and Industry George Papanastasiou is set to meet with the management of Greece's Independent Power Transmission Operator (ADMIE) on Thursday to receive a comprehensive Cost and Benefit Analysis (CBA) for the Great Sea Interconnector (GSI) project, linking Cyprus, Greece, and Israel....
https://knews.kathimerini.com.cy/en/news/george-clooney-urges-biden-to-step-aside-for-2024
Hollywood actor and prominent Democratic fundraiser George Clooney has urged President Joe Biden to step aside for the 2024 election, citing concerns over Biden's ability to defeat Donald Trump. ...
https://knews.kathimerini.com.cy/en/business/real-estate-investment-opportunities-by-astrobank-in-paphos-famagusta-and-nicosia
Astrobank has listed for sale residential plots in Strovolos, in the GSP area, and other properties in Paphos, Famagusta and Nicosia that are ideal investment opportunities....
https://knews.kathimerini.com.cy/en/news/cyprus-sets-course-for-cheaper-electricity-in-2025
Energy, Commerce, and Industry Minister George Papanastasiou unveiled Cyprus' ambitious plans for the Electricity Authority of Cyprus (EAC) during a press conference in Nicosia on Tuesday. ...
https://knews.kathimerini.com.cy/en/business/burberry-announces-hundreds-of-redundancies-following-share-price-drop
British fashion house Burberry is set to make hundreds of redundancies after a significant drop in its share price. The layoffs will primarily affect employees in the UK, according to a report by the Telegraph....
https://knews.kathimerini.com.cy/en/news/zambartas-winery-thrives-with-cypriot-grapes
Markos Zambartas is deeply passionate about winemaking, viewing it as a reflection of his soul. As a second-generation winemaker, he studied oenology......
https://knews.kathimerini.com.cy/en/business/surge-in-corporate-loans-despite-interest-rate-hike
The Central Bank of Cyprus has released its latest data revealing notable shifts in financial trends for May 2024. Despite a 0.52% uptick in lending rates for non-financial corporations borrowing amounts over €1 million, new loans to these entities surged by 10% compared to the previous month. ...
https://knews.kathimerini.com.cy/en/news/labour-party-triumphs-keir-starmer-to-become-prime-minister
The Labour Party has secured victory in Britain’s general election, marking the first change in power in 14 years. ...
https://knews.kathimerini.com.cy/en/news/government-submits-bill-to-join-u-s-visa-waiver-program
The Cyprus government submitted a bill to the House of Representatives plenary on Thursday, aiming to fulfill the necessary preconditions for the Republic of Cyprus to join the United States Visa Waiver Program....
https://knews.kathimerini.com.cy/en/news/temu-shein-ali-express-eu-cracks-down-on-chinese-imports
The European Union is taking steps to clamp down on the surge of low-quality Chinese imports flooding its markets. According to sources speaking to the Financial Times, the EU plans to impose tariffs on cheap products from platforms like Temu, Shein, and AliExpress....
https://knews.kathimerini.com.cy/en/business/5-real-estate-investment-opportunities-by-astrobank
AstroBank has listed for sale a commercial property consisting of three shops in Larnaca as well as residential and agricultural real estate ideal for investment in Larnaca, Paphos, and Famagusta....
https://knews.kathimerini.com.cy/en/news/man-shot-dead-in-pegeia-during-gathering
Police are investigating a premeditated murder in Pegeia, involving 43-year-old Stylianos Stylianou....
https://knews.kathimerini.com.cy/en/news/cyprus-tightens-laws-to-combat-illegal-employment
The Council of Ministers has approved three new bills aimed at cracking down on illegal and undeclared work....
https://knews.kathimerini.com.cy/en/news/biden-considering-withdrawal-from-2024-us-presidential-race
President Joe Biden is under intense scrutiny as he prepares for key public appearances that could determine the future of his 2024 presidential campaign....
https://knews.kathimerini.com.cy/en/business/dior-bags-assembled-for-€53-sold-at-€2-600
Italian authorities have uncovered stark realities behind the glitz of fashion catwalks and luxury boutiques during recent raids on local factories and workshops involved in the production of Dior and Armani handbags....
https://knews.kathimerini.com.cy/en/news/democrats-urge-biden-to-withdraw-from-2024-elections
In the wake of Joe Biden's recent debate with Donald Trump, Democratic pressures mount for the American president to be forthright about his health condition. Questions swirl about the responsibilities of his closest aides....
https://knews.kathimerini.com.cy/en/news/ecb-concerned-over-cypriot-bank-profit-tax-proposal
In 2023, Cypriot banks reported unprecedented profits, marking a 15-year high, with projections suggesting even greater earnings in 2024....
https://knews.kathimerini.com.cy/en/news/fitch-elevates-hellenic-bank-s-credit-rating
Fitch Ratings has upgraded Hellenic Bank's Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+', with stable outlook and its Viability Rating (VR) to 'bbb-' from 'bb+'.
...
https://knews.kathimerini.com.cy/en/news/is-larnaca-the-new-limassol
Larnaca is dynamically emerging as a key player in investments and major developments, making significant strides in recent years and capturing a new image....
https://knews.kathimerini.com.cy/en/news/banks-contribute-over-€854m-in-taxes-amid-controversy-over-proposed-levy
In the last seven years (2017-2023), Cypriot banks have collectively paid more than €854 million in income tax, special taxes, and VAT, according to a report by Panayiotis Rouglas in last Sunday's Kathimerini....
https://knews.kathimerini.com.cy/en/comment/opinion/why-building-a-home-is-rare-today
As discussed in our previous article, the housing landscape in our country is changing, with home ownership rates decreasing and aligning with the European average. ...
https://knews.kathimerini.com.cy/en/news/propane-tank-explosion-in-turkey-kills-5-injures-63
A propane tank explosion at a restaurant in Izmir, Turkey, has claimed the lives of at least five people and injured 63 others....
https://knews.kathimerini.com.cy/en/business/king-jason-zante-invites-guests-to-experience-the-art-of-slow-living
On June 29th, 2024 King Jason Zante opens its doors and invites discerning travelers to embark on a journey of tranquillity......
https://knews.kathimerini.com.cy/en/news/national-rally-wins-first-round-in-france-s-parliamentary-elections
In a decisive first round of voting, Marine Le Pen's far-right National Rally (RN) emerged as the front-runner in France's parliamentary elections......
https://knews.kathimerini.com.cy/en/news/family-urges-biden-to-stay-in-race-despite-debate-setback
President Joe Biden faced intense family pressure to continue his presidential bid following a widely criticized debate performance last week, sources close to the White House disclosed....
https://knews.kathimerini.com.cy/en/news/varosha-resolution-pace-calls-for-return-to-legal-owners
The Parliamentary Assembly of the Council of Europe (PACE) on Thursday approved a resolution calling for the return of Varosha to its lawful inhabitants......
https://knews.kathimerini.com.cy/en/news/ministry-maintains-€300-fine-for-running-red-lights
On Thursday, the Minister of Transport, Communications, and Works, Alexis Vafeadis, was briefed on various legislative proposals submitted by parliamentarians....
https://knews.kathimerini.com.cy/en/comment/opinion/rentals-rise-as-home-ownership-trends-change
Around 20-25 years ago, Cyprus was renowned for having one of the highest rates of home ownership globally, with figures nearly reaching 78% - 80%, as per the data available then....
https://knews.kathimerini.com.cy/en/news/wizz-air-announces-new-route-from-larnaca-to-milan-malpensa
Wizz Air, Europe’s fastest-growing and most environmentally sustainable airline, proudly announces today it will launch a new route from Larnaca to Milan, Italy this autumn....
https://knews.kathimerini.com.cy/en/business/4-houses-for-sale-by-astrobank
AstroBank has listed for sale houses in Nicosia, Larnaca, and Paphos that are ideal for own-occupancy....
