https://knews.kathimerini.com.cy/en/comment/opinion/too-much-sun-too-much-wind-too-little-strategy
If there's too much sun, we face energy problems because the solar panels collect more energy than we can store. If it's too cold, we face problems because the system can't handle the increased demand for heating....
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/business/unemployment-in-cyprus-inches-up-but-remains-below-eu-average
Unemployment in Cyprus ticked up slightly in January 2025, reaching 5.0%, compared to 4.9% the previous month, according to new data from Eurostat. Despite the monthly rise, the overall trend remains positive, with unemployment lower than the 5.3% recorded in January 2024....
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-tops-eu-in-female-enrollment-for-master-s-and-doctorate-programs
In a groundbreaking achievement, Cyprus has been recognized for having the largest share of women pursuing master's studies in 2022 among all EU member states, according to the latest data from Eurostat, the European Union’s statistical service....
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/ready-set-go-police-amp-up-road-patrols-for-long-weekend-traffic
The police, particularly the Traffic Department, will deploy significantly more personnel over the weekend and on Green Monday to ensure smooth traffic flow on highways and other roads....
https://knews.kathimerini.com.cy/en/news/cypriot-students-among-eu-s-highest-in-e-cigarette-and-hookah-use
A recent European-wide survey (ESPAD) has revealed that Cypriot students rank among the highest in Europe for e-cigarette and hookah use, with 4.6% reporting daily use—well above the European average of 3.1%....
https://knews.kathimerini.com.cy/en/news/university-of-cyprus-study-reveals-potential-advances-in-cancer-treatment
A recent study by researchers at the University of Cyprus (UCY) in collaboration with the University of Oxford has unveiled promising medical applications for cancer and rare genetic disease treatments....
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/news/cyprus-tax-reform-a-win-for-families-a-challenge-for-businesses
Cyprus is set to undergo its first major tax reform in over 20 years, with changes expected to align the system with the country’s evolving economic landscape....
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/business/cyprus-among-eu-countries-lagging-in-gender-budgeting-initiatives
Cyprus stands out as one of only three European Union (EU) member states currently lacking a gender budgeting framework, alongside Estonia and Lithuania....
https://knews.kathimerini.com.cy/en/news/private-company-constructs-power-plant-in-mari-without-permits
A private company has built key infrastructure to support the operation of a privately owned power plant in Mari without obtaining the necessary permits, according to a special report by the Audit Office....
https://knews.kathimerini.com.cy/en/news/ombudswoman-raises-alarm-over-prolonged-stay-of-unaccompanied-minors-at-pournara
A total of 27 unaccompanied minors have been stranded at the Pournara Temporary Reception and Accommodation Center for an average of 90 days, despite completing all necessary procedures for their transfer, according to a report by Commissioner for Administration and Human Rights Protection, Maria Stylianou-Lottides....
https://knews.kathimerini.com.cy/en/news/warmer-days-ahead-after-record-breaking-cold
Brrr, Cyprus! If you thought last night felt extra chilly, you weren’t imagining things. It was officially the coldest night in over 40 years, shattering the previous record of -3.3°C set in 1985. ...
https://knews.kathimerini.com.cy/en/news/whatsapp-subject-to-strictest-eu-platform-rules
WhatsApp is now among the online platforms required to comply with the European Union’s most stringent transparency regulations....
https://knews.kathimerini.com.cy/en/news/1-prices-of-everyday-essentials-surge-in-january
Consumers felt the pinch in January as the prices of 26 staple products rose, with 11 categories jumping by more than 3%, according to the latest Consumer Product Price Watch. ...
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/pope-francis-in-critical-condition-as-doctors-warn-of-sepsis-risk
Pope Francis is fighting for his life. The 88-year-old leader of the Catholic Church remains in critical condition, with doctors at Gemelli Hospital in Rome working around the clock to stabilize him after a severe lung infection led to a dangerous respiratory crisis....
https://knews.kathimerini.com.cy/en/news/illegal-hunting-of-skylarks-in-cyprus
Despite strict regulations prohibiting the hunting of skylarks after February 10, illegal hunting of the endangered birds continues....
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/news/anti-immigration-rhetoric-grows-but-immigrants-could-help-europe-s-aging-populations
The rise of far-right, anti-immigration politics across Europe is threatening to accelerate the continent’s demographic decline, experts warn, potentially triggering economic instability, labor shortages, and soaring costs for elderly care....
https://knews.kathimerini.com.cy/en/business/government-announces-minimum-wage-increase-for-hotel-workers
President Nikos Christodoulides highlighted key economic and labor policy decisions today during a Council of Ministers meeting at the Presidential Palace, emphasizing efforts to boost employment and attract Cypriot professionals back home....
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/from-greece-to-the-balkans-steve-bannon-warns-of-the-looming-threat-of-world-war-iii
Steve Bannon, former White House strategist and controversial figure behind the MAGA movement, has made his home and podcast headquarters in one of Washington, D.C.'s most prestigious neighborhoods, just a stone’s throw from the U.S. Capitol....
https://knews.kathimerini.com.cy/en/news/73-year-old-woman-and-daughter-lead-family-run-sex-trafficking-ring-in-athens
In a dramatic operation earlier this week, Greek police, in collaboration with NGOs OUR RESCUE and A21, dismantled a large sex trafficking ring allegedly run by a 73-year-old woman, known only as ''Marina,''...
https://knews.kathimerini.com.cy/en/news/larnaka-new-projects-new-energy-and-a-bright-outlook-for-its-tourism
Larnaka is on the verge of an exciting transformation. With its beautiful coastline, rich history, and growing modern developments, the city is becoming an increasingly attractive spot for tourists....
https://knews.kathimerini.com.cy/en/business/lidl-cyprus-goes-ahead-with-new-additional-financial-benefits-of-€450-000
Lidl Cyprus is rewarding the collective effort and contribution of its team by providing additional financial benefits totaling €450,000 to boost its income. At the same time, as from March 1, 2025, it’s establishing the minimum wage for its employees at €1,220 gross....
https://knews.kathimerini.com.cy/en/news/ey-the-biggest-risks-facing-cyprus-and-governments-worldwide
As we move further into 2025, governments around the world, including Cyprus, are facing a range of challenges....
