https://knews.kathimerini.com.cy/en/business/cyprus-parliament-approves-limit-on-large-cash-transactions
Cyprus lawmakers have taken a significant step in tackling money laundering and illegal activities by approving a proposal to limit large cash transactions....
https://knews.kathimerini.com.cy/en/business/intrakat-s-€1-million-debt-to-cypriot-subcontractors-sparks-legal-action
Greek-owned construction company Intrakat, which was contracted to build part of the Paphos-Polis Chrysochous motorway in Cyprus, is facing significant financial troubles, leaving behind nearly €1 million in debts to seven local subcontractors and suppliers....
https://knews.kathimerini.com.cy/en/news/cyprus-secures-€115-million-in-second-payment-under-eu-recovery-plan
Cyprus has received its second payment under the EU's Recovery and Resilience Facility (RRF), with €115 million granted after successfully fulfilling 37 out of 38 agreed milestones....
https://knews.kathimerini.com.cy/en/news/government-faces-labor-strikes-as-key-sectors-demand-action
Cyprus is grappling with escalating labor unrest in its most crucial industries, as healthcare, construction, and tourism workers push for long-standing demands. ...
https://knews.kathimerini.com.cy/en/business/spain-fines-ryanair-and-other-low-cost-airlines-€179m-for-abusive-practices
Spain's Ministry of Consumer Affairs has slapped five major low-cost airlines with hefty fines totaling €179 million for a range of alleged abusive practices, including charging extra fees for hand luggage. ...
https://knews.kathimerini.com.cy/en/news/road-to-nowhere-as-paphos-polis-project-hits-a-dead-end
The long-awaited Paphos-Polis Chrysochous road project has hit a major roadblock, with construction halted at just 21% completion and the Republic of Cyprus now facing legal challenges from the former contractor, INTRAKAT. ...
https://knews.kathimerini.com.cy/en/news/lois-builders-slams-contract-termination-cites-mismanagement-and-delays
Lois Builders Ltd. has issued a statement in response to the recent termination of its contract for the Fishing Reserve and Liopetriou River project, calling the move ''unprecedented.''...
https://knews.kathimerini.com.cy/en/business/cyprus-gdp-and-living-standards-improve-but-challenges-remain
Cyprus' living standards have continued to improve, with the country's GDP per capita reaching 95% of the EU average in 2023, according to recent data from the Statistical Service of Cyprus....
https://knews.kathimerini.com.cy/en/business/cyprus-trade-deficit-drops-by-€1-18-billion-as-imports-and-exports-decline
Cyprus’ trade deficit dropped significantly by 17.4%, or €1.18 billion, in the first nine months of the year compared to the same period in 2023, according to provisional data from the Statistical Service of Cyprus (Cystat). ...
https://knews.kathimerini.com.cy/en/news/cyprus-launches-new-€50-million-plan-to-boost-birth-rate
Cyprus is rolling out a new set of measures worth over €50 million to tackle its shrinking birth rate, President Nikos Christodoulides announced on Monday....
https://knews.kathimerini.com.cy/en/business/boc-fintech-hackathon-5-0-fintech-ideas-that-can-change-the-world
The number of registrations exceeded all expectations since more than 200 people and more than 25 teams participated....
https://knews.kathimerini.com.cy/en/news/lawmakers-weigh-extended-traffic-fine-deadlines-and-countdown-timers
Cyprus’s Transport Committee reviewed law proposals on Tuesday that would change traffic fine deadlines, introduce discounts for quick payments, and possibly install countdown timers at traffic lights, ...
https://knews.kathimerini.com.cy/en/business/cyprus-plans-€10-000-cash-limit-to-fight-money-laundering
According to Kathimerini's Pavlos Neophytou, the Cyprus government is considering a new law to cap cash transactions at €10,000 for buying goods and services, aiming to crack down on money laundering. ...
https://knews.kathimerini.com.cy/en/news/government-announces-new-measures-to-help-vulnerable-households
In a bid to ease energy expenses for vulnerable groups and promote sustainable housing solutions, the Cabinet approved a set of medium-term measures during its meeting on Tuesday, chaired by President Nicos Christodoulides....
https://knews.kathimerini.com.cy/en/news/euronet-remains-only-bidder-in-delayed-jcc-payment-systems-sale
The process for the sale of JCC Payment Systems, which began confidentially over the summer, appears to have hit a "snag," with Euronet as the only prospective buyer.
...
https://knews.kathimerini.com.cy/en/news/new-eu-rules-open-cyprus-s-troubled-loan-market-to-foreign-investors
In a move that could reshape Cyprus's financial landscape, Parliament recently passed a European Directive that makes it easier for foreign investors to buy non-performing loans (NPLs) in the country....
https://knews.kathimerini.com.cy/en/business/cyprus-surpasses-pre-pandemic-financial-levels-with-growing-surplus
Cyprus is bouncing back from recent economic challenges, with its financial health improving dramatically. Current fiscal surpluses now exceed what they were before the pandemic, thanks to a significant increase in revenue....
https://knews.kathimerini.com.cy/en/news/scam-warning-don-t-fall-for-fake-delivery-fees-from-cyprus-post
The Cyprus Police are urging the public to exercise caution following reports of a new scam involving fraudulent emails related to package deliveries....
https://knews.kathimerini.com.cy/en/news/bank-profits-in-crosshairs-as-tax-talks-heat-up
The future of a special tax on bank deposits paid to the state may be heading for a shift, though a final decision is not guaranteed. ...
https://knews.kathimerini.com.cy/en/news/new-app-teaches-teens-money-management
As technology continues to evolve, digital currency is becoming an increasingly integral part of modern life, making daily transactions easier, faster, and more accessible....
https://knews.kathimerini.com.cy/en/news/famous-grouse-to-feature-at-the-5th-cyprus-cocktail-festival
The highly anticipated Cyprus Cocktail Festival returns for its 5th edition, offering an unforgettable evening of exclusive signature cocktails crafted by 20 top cocktail bars from Cyprus and abroad. ...
https://knews.kathimerini.com.cy/en/news/havana-club-joins-the-5th-cyprus-cocktail-festival
The Cyprus Cocktail Festival, widely recognized as the country's premier cocktail event, returns for its 5th edition, promising a spectacular evening of signature drinks from 20 top cocktail bars from Cyprus and abroad. ...
https://knews.kathimerini.com.cy/en/news/eminente-at-the-5th-cyprus-cocktail-festival
The highly anticipated Cyprus Cocktail Festival, now in its 5th year, returns to deliver an unforgettable evening of signature cocktails from 20 of the best bars in Cyprus and beyond. ...
https://knews.kathimerini.com.cy/en/news/don-julio-tequila-at-the-5th-cyprus-cocktail-festival
The premier cocktail festival in Cyprus, now a well-established tradition, returns for the 5th time to offer an unforgettable evening featuring exclusive signature cocktails from 20 of the top cocktail bars from Cyprus and beyond. ...
https://knews.kathimerini.com.cy/en/news/malfy-gin-at-the-5th-cyprus-cocktail-festival
The highly anticipated Cyprus Cocktail Festival, now in its fifth year, returns for another unforgettable evening, offering exclusive signature cocktails from 20 top bars in Cyprus and abroad....
https://knews.kathimerini.com.cy/en/news/127-236-people-in-cyprus-were-at-risk-of-poverty-in-2023
Nearly 14% of people in Cyprus were at risk of poverty in 2023, according to a new report from the Statistical Service of Cyprus. This means around 127,236 individuals lived on a yearly disposable income of €11,324 or less....
https://knews.kathimerini.com.cy/en/news/top-quality-n-ice-pure-ice-cubes-present-the-5th-cyprus-cocktail-festival
The country’s best Cocktail Festival, now an established institution, returns for its 5th edition, offering a memorable evening with exclusive signature cocktails from 20 top bars in Cyprus and abroad. ...
https://knews.kathimerini.com.cy/en/news/cyprus-falls-behind-on-eu-recovery-plan-meets-only-5-of-targets
In today's 'Oikonomiki', Panayiotis Rougalas reports that Cyprus has only achieved 5% of the milestones outlined in its Recovery and Resilience Plan (RRP), falling far behind other European Union countries in implementing reforms tied to the EU’s Next Generation funding program....
https://knews.kathimerini.com.cy/en/news/tanqueray-gin-at-the-5th-cyprus-cocktail-festival
The country's most popular cocktail festival, now in its 5th year, returns to offer an unforgettable evening with exclusive signature cocktails from 20 top bars from Cyprus and abroad....
https://knews.kathimerini.com.cy/en/news/eu-cuts-funds-to-hungary-over-unpaid-asylum-fine
The European Union has begun the process of reclaiming hundreds of millions of euros meant for Hungary after the country's government refused to pay a significant fine for violating the bloc’s asylum rules....
