https://knews.kathimerini.com.cy/en/news/russia-sues-europe-for-$230b-over-frozen-billions-for-ukraine
Russia has launched a major legal challenge against Europe, filing a $230 billion lawsuit against financial services firm Euroclear over Russian state assets frozen since the start of the war in Ukraine....
https://knews.kathimerini.com.cy/en/business/germany-pours-€50-billion-into-new-weapons-and-defenses
Germany is pouring an eye-watering €50 billion into new weapons, missile defenses, and combat vehicles, a move that underscores how sharply Europe’s biggest economy is rearming and how little patience there is left for delays....
https://knews.kathimerini.com.cy/en/business/invest-cyprus-gives-new-momentum-to-relations-between-cyprus-and-the-united-arab-emirates
Invest Cyprus took part in the high-level Cyprus - UAE Roundtable, which was co-organised by the Presidency of the Republic of Cyprus, Invest Cyprus and the Cyprus Chamber of Commerce and Industry (CCCI). ...
https://knews.kathimerini.com.cy/en/news/who-pays-when-public-sector-wages-keep-rising
Public sector wages remain the uncomfortable truth behind Cyprus’ 2026 state budget, which is heading for a final vote in the House of Representatives on Wednesday and is widely expected to be approved....
https://knews.kathimerini.com.cy/en/news/cyprus-expands-diplomatic-footprint-with-uae-and-france-agreements
Cyprus has signed two strategic agreements, one with the United Arab Emirates and another with France, within just 24 hours, an unusual diplomatic double that officials say marks a shift from symbolic partnerships to deals built around concrete action....
https://knews.kathimerini.com.cy/en/news/new-drilling-rig-named-after-1963-bloody-christmas-incidents-in-cyprus
Turkey is gearing up to deploy a newly acquired, state-of-the-art oil and gas drilling rig in the eastern Mediterranean, and the choice of its accompanying support ships is stirring attention....
https://knews.kathimerini.com.cy/en/news/€1-2-million-vanishes-in-online-scam-targeting-limassol-company
A 35-year-old owner of a company registered abroad, but with an office in Limassol, reported today to the Limassol CID that his business fell victim to an online scam, resulting in a loss of €1.2 million....
https://knews.kathimerini.com.cy/en/business/cyprus-and-vietnam-sign-deal-to-cut-tax-barriers-and-boost-business
Cyprus and Vietnam took a fresh step toward closer economic ties on Monday with the signing of an agreement aimed at avoiding double taxation and preventing tax evasion, a move both sides say will make doing business between the two countries easier and more predictable....
https://knews.kathimerini.com.cy/en/business/first-visit-and-a-fresh-start-for-cyprus–uae-ties
Cyprus and the United Arab Emirates took a major step forward in their relationship on Sunday, with President Nikos Christodoulides and UAE President Sheikh Mohamed bin Zayed Al Nahyan wrapping up official talks in Nicosia during the first-ever visit by a UAE president to the island....
https://knews.kathimerini.com.cy/en/business/cyprus-shipping-charts-a-course-for-growth
Cyprus’s shipping sector demonstrated resilience in 2025, maintaining a 7% contribution to the country’s GDP and employing more than 9,000 people onshore, as well as 80,000 seafarers on vessels managed by Cyprus-based companies....
https://knews.kathimerini.com.cy/en/business/cyprus-and-uae-launch-joint-business-investment-council
Cyprus and the United Arab Emirates have taken a major step to strengthen economic ties with the establishment of the UAE–Cyprus Joint Business & Investment Council, a new platform designed to foster investment, business collaboration, and ongoing dialogue between the two countries....
https://knews.kathimerini.com.cy/en/business/greek-economy-minister-becomes-eurogroup-president
Greece’s Economy Minister Kyriakos Pierrakakis was unanimously elected president of the Eurogroup Thursday, a high-profile achievement that signals Greece’s return as a leader in European economic policy....
https://knews.kathimerini.com.cy/en/comment/opinion/debt-surge-ahead-can-the-eurozone-outgrow-its-risks
The Eurozone is entering a phase of rising investments, public debt, and real interest rates. In this challenging environment, economic growth is essential to maintain balance. ...
https://knews.kathimerini.com.cy/en/business/lidl-cyprus-inaugurated-a-new-store-in-agios-dometios-with-an-investment-of-€11-million
Lidl Cyprus continues its dynamic growth with a new, fully upgraded store at 51 Kyriakou Matsi Avenue in Agios Dometios, ready to welcome consumers from the wider Nicosia area with high-quality products, unbeatable prices, consistent availability, and an upgraded customer experience....
https://knews.kathimerini.com.cy/en/news/larnaca-named-european-capital-of-culture-for-2030
Larnaca will take the spotlight as the European Capital of Culture in 2030, the Deputy Ministry of Culture announced Thursday. ...
https://knews.kathimerini.com.cy/en/business/with-an-investment-of-over-1-million-euros-lidl-cyprus-brings-the-self-check-out-experience-to-all-its-stores
Lidl Cyprus has successfully completed the installation of Self Check-Out cash registers in all its stores, marking a new era in its customer service experience. ...
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-best-foreign-exchange-bank-in-cyprus-by-global-finance
The Bank of Cyprus has received another important international distinction, being named ''Best Foreign Exchange Bank in Cyprus'' at the annual Gordon Platt Foreign Exchange Awards – World’s Best Foreign Exchange Banks organized by the prestigious magazine Global Finance....
https://knews.kathimerini.com.cy/en/news/nicosia-crossing-set-for-major-upgrade-thanks-to-the-eu
The European Union is funding an expansion of the Agios Dometios Crossing Point, one of the busiest border crossings in Nicosia, aiming to make travel smoother and safer for both vehicles and pedestrians....
https://knews.kathimerini.com.cy/en/business/cyprus-real-estate-market-draws-record-numbers-of-foreign-buyers-in-2025
Cyprus remains a popular destination for international property investors, with foreign buyers maintaining strong activity during the first ten months of 2025. ...
https://knews.kathimerini.com.cy/en/news/500-affordable-homes-to-be-built-for-young-families-across-major-cities
Cyprus is set to get hundreds of new affordable homes, with the government announcing plans to build around 500 residential units across Nicosia, Limassol, Larnaca and Paphos. ...
https://knews.kathimerini.com.cy/en/news/golden-passport-era-ends-but-debate-rages-on
The Cyprus House of Representatives has officially pulled the plug on the controversial Cyprus Investment Program (CIP), shutting down the government’s ability to hand out citizenship to investors and their families. ...
https://knews.kathimerini.com.cy/en/business/€700-million-boosts-cyprus-s-green-transition-under-thalea-2021-2027
The multiannual Cohesion Policy Program THALEA 2021-2027 serves as the backbone of Cyprus’s development strategy for the current programming period....
https://knews.kathimerini.com.cy/en/news/another-day-another-scam-as-paphos-woman-loses-€6-500-online
A 71-year-old woman in Paphos reported to police that she lost about €6,500 to an online investment scam posing as a government-backed platform....
https://knews.kathimerini.com.cy/en/news/petrolina-establishes-its-first-scholarship-at-the-university-of-cyprus-and-supports-an-mba-student
The Executive Managing Director (CEO) of Petrolina (Holdings) Public Limited, Mr. Dinos Lefkaritis, presented the company’s first scholarship, amounting to €10,250, to the MBA (Master in Business Administration) student at the University of Cyprus, Mr. Pantelis Petrou, during a special ceremony held at the University of Cyprus on Friday, 28 November 2025....
https://knews.kathimerini.com.cy/en/news/eu-presidency-nears-metsola-visits-to-align-priorities
With just one month to go before Cyprus takes over the rotating presidency of the Council of the European Union, President Nikos Christodoulides unveiled the country’s priorities during a high-level visit by European Parliament President Roberta Metsola on Monday....
https://knews.kathimerini.com.cy/en/news/u-s-ambassador-to-turkey-flags-cyprus-as-regional-abscess
Tom Barrack, the U.S. ambassador to Turkey, told Kathimerini in an interview with Manolis Kostidis that Cyprus must be included in any broader effort to stabilize the Eastern Mediterranean, saying “you cannot have an abscess in the middle of an otherwise healthy body.”...
https://knews.kathimerini.com.cy/en/news/kazakh-ambassador-s-praise-for-cyprus-sparks-backlash-in-turkey
Warm words from Kazakhstan’s ambassador to Cyprus have kicked up a storm in Turkey, where social media users erupted with anger and disappointment after Turkish outlets circulated his remarks on Monday....
https://knews.kathimerini.com.cy/en/news/new-bank-tax-could-ease-the-pinch-on-families-but-who-s-behind-it
A year after narrowly losing a vote in parliament, AKEL is back with a new proposal to impose an emergency tax on banks for 2025 and 2026, calling it a “solidarity levy” aimed at helping everyday Cypriots cope with rising costs....
https://knews.kathimerini.com.cy/en/news/ukraine-edges-toward-u-s-peace-deal-as-only-a-few-disagreements-remain
Ukraine says it has reached ''common understanding'' with the United States on nearly all major parts of Washington’s 28-point peace plan, signaling that Kyiv now disagrees with only a handful of issues as negotiations accelerate across multiple capitals....
https://knews.kathimerini.com.cy/en/news/cyprus-linked-names-dropped-from-u-s-russian-sanctions-list
The U.S. Treasury has removed several Cyprus-linked individuals and companies from its sanctions list tied to Russia, officials confirmed Monday....
