https://knews.kathimerini.com.cy/en/news/cyprus-on-high-alert-as-regional-tensions-escalate
Following Israeli missile strikes on Iran, Cyprus has raised its security posture and is preparing to serve as a humanitarian bridge between East and West....
https://knews.kathimerini.com.cy/en/news/78-dead-in-israeli-strikes-on-iran-dozens-wounded-as-tensions-continue-to-escalate
At least 78 people were killed and more than 320 injured after Israel launched a sweeping series of airstrikes across Iran early Friday, targeting nuclear and military facilities in what officials described as a response to Tehran’s continued threats and regional aggression....
https://knews.kathimerini.com.cy/en/news/cypriots-brace-for-impact-as-fuel-prices-set-to-jump-after-mideast-strikes
Drivers in Cyprus may soon feel a serious pinch at the pump, as fuel prices are expected to rise significantly in the coming days following Israel’s military strike on Iran and the resulting spike in global oil prices....
https://knews.kathimerini.com.cy/en/business/eac-now-requests-3-hike-sparing-consumers-steeper-7-5-increase
Consumers in Cyprus may soon see a 3% rise in their electricity bills, after the Electricity Authority of Cyprus (EAC) announced Tuesday it will request a modest rate increase from the Cyprus Energy Regulatory Authority (CERA)....
https://knews.kathimerini.com.cy/en/business/no-tender-no-permits-no-problem
A construction project meant to modernize part of Cyprus’ local government system is under fire after the Auditor General uncovered a series of irregularities, from bypassing public tenders to starting work without building permits or signed contracts....
https://knews.kathimerini.com.cy/en/business/boc-eyes-bigger-role-in-your-financial-future
Beyond its moves into the insurance sector, Bank of Cyprus is actively exploring additional ways to increase the bank’s overall value. ...
https://knews.kathimerini.com.cy/en/news/parliamentary-committee-to-publish-t-c-property-lists-every-three-months
In a move aimed at boosting fairness and transparency, Cyprus’s Parliamentary Committee on Refugees announced Tuesday that updated lists of available Turkish Cypriot properties will be published every three months online....
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/comment/opinion/will-they-at-least-stabilize
In May 2025, the Consumer Price Index rose by 0.26 points, reaching 117.57 compared to 117.31 in April. Inflation for the month fell by 0.2%, a rare event not seen in years, not since the Covid-19 crisis....
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/imf-and-eu-to-cyprus-cool-it-on-the-pay-rises-you-re-not-made-of-money
Cyprus may be riding high on economic growth, but the message from international watchdogs this week is blunt: slow down the spending, especially on public salaries, or risk unraveling the progress....
https://knews.kathimerini.com.cy/en/news/cyprus-slips-into-deflation-for-the-first-time-since-2021
Cyprus recorded deflation in May 2025 for the first time in more than four years, with the annual inflation rate turning negative at -0.2%, according to data released on Thursday by the Statistical Service of Cyprus....
https://knews.kathimerini.com.cy/en/news/paralimni-deryneia-earns-most-blue-flags-in-cyprus-as-island-celebrates-record-year-for-beach-quality
The Municipality of Paralimni-Deryneia has been recognized as the national leader in coastal excellence, receiving 18 of Cyprus’s 66 Blue Flag awards at the 2025 national ceremony held Wednesday at Fig Tree Bay, Protaras....
https://knews.kathimerini.com.cy/en/news/cyprus-ranks-second-in-share-of-foreign-tourists-in-q1-2025
Cyprus had the second highest share of overnight stays by foreign tourists in the first quarter of 2025, according to monthly data on tourist accommodation published by Eurostat, the EU’s statistical agency....
https://knews.kathimerini.com.cy/en/news/despite-presidential-pleas-cyprus-electricity-bills-set-to-rise-again
Despite the president’s intervention, the Cyprus Electricity Authority (ΑΗΚ) has gotten its way once again, and consumers are set to face higher electricity bills....
https://knews.kathimerini.com.cy/en/news/posh-perks-and-pricey-trips-inside-parliament-s-2023-spending-spree
The Auditor General of the Republic has issued a series of significant recommendations in his report concerning the operations of the House of Representatives for the year 2023....
https://knews.kathimerini.com.cy/en/business/freedom-holding-corp-added-in-the-prestigious-russell-3000®-index
Freedom Holding Corp. (FRHC), a diversified, multinational financial services firm, has been selected for inclusion in the Russell 3000® Index as part of its annual reconstitution in 2025. The inclusion will take effect after the US market closes on June 27, 2025....
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/news/police-to-increase-street-patrols-through-summer-in-road-safety-push
Police will step up patrols from June 1 through Sept. 30 as part of a campaign to improve road safety, with a focus on protecting vulnerable road users....
https://knews.kathimerini.com.cy/en/news/welfare-ministry-denies-child-benefit-cuts-calls-report-misleading
The Deputy Ministry of Social Welfare has refuted claims that the Child Benefit has been cut, instead announcing an increase in the allowance and an expansion in eligibility to include all middle-class families....
https://knews.kathimerini.com.cy/en/news/tornado-strikes-larnaca-village-as-severe-weather-hits-cyprus-video
Severe weather swept across parts of Cyprus around midday Friday, bringing hail, strong winds and, in one area, a tornado....
https://knews.kathimerini.com.cy/en/news/cyprus-sees-drop-in-child-poverty-rate-ranks-second-lowest-in-eu
About 26,000 children in Cyprus were at risk of poverty or social exclusion in 2024, accounting for 14.8% of the country’s child population, according to figures released Tuesday by Eurostat, the European Union’s statistical agency....
https://knews.kathimerini.com.cy/en/business/aegean-airlines-launches-direct-santorini-istanbul-flights
Aegean Airlines has just launched a new direct route connecting Santorini with Istanbul, marking a major milestone in regional travel and tourism....
https://knews.kathimerini.com.cy/en/business/aegean-airlines-first-quarter-2025-trading-update
AEGEAN announces its key financial and operating results for the first quarter of 2025....
https://knews.kathimerini.com.cy/en/news/honda-reports-more-than-1-300-monthly-appointments-for-takata-airbag-replacements
Galatariotis Motors and Honda Cyprus announced that the nationwide airbag replacement campaign for vehicles affected by the Takata recall is continuing at a steady pace, with more than 1,300 appointments being processed each month at authorized service centers across the country....
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....
https://knews.kathimerini.com.cy/en/news/rainy-tuesday-rolling-in-while-the-forecast-eyes-midweek-changes
It’s Tuesday, and with it comes a moody sky and the first signs of an unsettled stretch ahead....
https://knews.kathimerini.com.cy/en/news/contactless-payments-coming-to-famagusta-buses-this-october
Starting in October, passengers on buses in the Famagusta District will be able to pay for their ride with contactless cards or mobile wallets like Apple Pay....
https://knews.kathimerini.com.cy/en/news/cyprus-sides-with-israel-in-eu-rift-over-gaza-aid-access
Cyprus has drawn criticism for breaking ranks with most of the EU by opposing a Dutch-led push to review the EU’s political and economic ties with Israel over its ongoing blockade of humanitarian aid into Gaza....
https://knews.kathimerini.com.cy/en/news/desalination-lifeline-arrives-from-uae-as-island-braces-for-summer-drought
Mobile desalination units from the United Arab Emirates arrived in Cyprus over the weekend and are now being transported to Limassol and Paphos, just in time to help the island meet soaring water demand during the summer tourist season....
