https://knews.kathimerini.com.cy/en/news/41°c-highs-prompt-yellow-weather-warning
A yellow weather warning is in place today as temperatures climb to a blistering 41°C inland....
https://knews.kathimerini.com.cy/en/business/cyprus-returns-to-three-systemic-banks-after-alpha-bank-cyprus-astrobank-deal
Cyprus is set to have three systemic banks again after Alpha Bank Cyprus signed a final agreement to acquire most of AstroBank’s assets and liabilities. The deal was officially signed Tuesday, June 24, 2025....
https://knews.kathimerini.com.cy/en/news/trump-raises-eyebrows-by-sharing-nato-chief-s-praise-for-iran-strikes
Former U.S. President Donald Trump ignited fresh controversy Tuesday by publicly posting what appeared to be private messages from NATO Secretary-General Mark Rutte, praising him for his military strikes on Iran and tough stance on defense spending....
https://knews.kathimerini.com.cy/en/news/cyprus-opens-electricity-market-to-competition-on-october-1st
Cyprus is preparing to open its long-awaited competitive electricity market, with officials hopeful the move will finally bring down energy costs for households and businesses....
https://knews.kathimerini.com.cy/en/news/alarming-gaps-leave-children-vulnerable-to-abuse-in-sports
Recent reports have once again brought to light cases of sexual abuse and exploitation of children in sports, along with a lack of coordination among the responsible authorities....
https://knews.kathimerini.com.cy/en/news/cyprus-e-kalathi-falls-flat-says-consumer-group
It was launched as a tool to help consumers navigate rising prices and shop smarter. But just one week in, Cyprus’ much-hyped e-kalathi platform is facing harsh criticism, and not just from shoppers....
https://knews.kathimerini.com.cy/en/news/un-violence-against-children-in-war-hits-‘unprecedented-levels-in-2024
Violence against children in armed conflicts surged to record highs in 2024, with the Palestinian territories topping the list, according to a United Nations report released Thursday....
https://knews.kathimerini.com.cy/en/news/huge-viper-climbs-to-top-shelf-in-cyprus-warehouse
A venomous viper caused alarm after it was found inside a warehouse in Fasoula, having climbed to the highest shelf in the building, according to a local snake rescue expert....
https://knews.kathimerini.com.cy/en/news/larnaca-on-the-rise-as-new-homes-fuel-real-estate-boom
Larnaca is quickly becoming one of Cyprus’ hottest property markets, with demand and prices for newly built homes climbing sharply in early 2025....
https://knews.kathimerini.com.cy/en/news/freedom-holding-corp-reports-23-revenue-growth-for-fy2025-driven-by-strong-performance-across-brokerage-and-insurance-segments
Freedom Holding Corp. (FRHC), a diversified financial services firm and the founder of Freedom24, has announced its financial results for the fiscal year ended 31 March 2025. ...
https://knews.kathimerini.com.cy/en/news/trump-to-decide-on-iran-strikes-within-two-weeks-as-conflict-escalates
President Donald Trump is expected to decide on potential military strikes against Iran within two weeks, the White House said Wednesday, amid ongoing regional tensions....
https://knews.kathimerini.com.cy/en/business/two-fuel-importers-raise-prices-in-cyprus-with-others-expected-to-follow-suit-within-days
Fuel prices in Cyprus began rising Wednesday, marking the first increases since the recent escalation of tensions between Iran and Israel, the head of the Cyprus Fuel Station Owners’ Association said....
https://knews.kathimerini.com.cy/en/business/alpha-bank-to-acquire-astrobank-in-€200-million-deal
Alpha Bank Cyprus will acquire the entire operations of Astrobank, excluding €15 million in non-performing loans, in a deal set to be signed Friday, June 20....
https://knews.kathimerini.com.cy/en/business/cyprus-salaries-rise-by-13-over-two-years-labour-minister-says
Average salaries in Cyprus have risen by 13% over the past two years, reaching approximately €2,500, Minister of Labour and Social Insurance Yiannis Panayiotou announced Wednesday, citing recent Eurostat data....
https://knews.kathimerini.com.cy/en/news/denmark-deploys-robotic-sailboats-for-baltic-and-north-sea-surveillance
Denmark’s military has launched a trial using four uncrewed robotic sailboats, called “Voyagers,” to boost surveillance in the Baltic and North Seas amid rising maritime tensions. ...
https://knews.kathimerini.com.cy/en/news/cyprus-lawmakers-end-auctions-for-turkish-cypriot-homes
The Parliamentary Refugee Committee has moved to end the practice of auctioning Turkish Cypriot homes, reaffirming that such properties should be reserved strictly for displaced persons' primary residences....
https://knews.kathimerini.com.cy/en/business/ecb-poised-for-fall-rate-decision-as-growth-tariffs-and-inflation-weigh-in
The European Central Bank will reassess its interest rate policy this fall, weighing whether additional cuts are necessary after a recent series of reductions brought its main rate to 2%, with inflation easing to 1.9%....
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....
