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/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/is-cyprus-public-sector-too-large-hiring-freeze-lifted-amid-rising-costs
The Cyprus government is set to fully lift the ban on hiring permanent public sector employees, marking a significant shift from austerity measures imposed over a decade ago....
https://knews.kathimerini.com.cy/en/news/alright-but-this-is-the-last-time-says-judge-in-yiannakis-case
The Criminal Court Judge granted a final adjournment for the hearing of former Commissioner of Volunteerism....
https://knews.kathimerini.com.cy/en/business/1-€122m-boost-for-famagusta-30-new-projects-announced
In a bold move to boost the development of the Famagusta district, President of the Republic of Cyprus, Nikos Christodoulides, announced 30 new projects with a total budget of €122 million ...
https://knews.kathimerini.com.cy/en/news/parallel-projects-on-tseriou-ave-cause-confusion-amid-€33m-overhaul
The redevelopment of Tseriou Avenue consists of two parallel projects, creating confusion in the area and significant inconvenience for shopkeepers and residents....
https://knews.kathimerini.com.cy/en/business/hong-kong-investor-increases-stake-in-historic-agros-hotel
Foreign investor Balram Chainrai's aggressive pursuit of Agros' historic hotel continues into 2025 as he steadily increases his shareholding, bringing him closer to full control following his public takeover bid....
https://knews.kathimerini.com.cy/en/news/women-in-cyprus-inch-toward-equality-in-science
The number of women working in science across the European Union has been on the rise....
https://knews.kathimerini.com.cy/en/news/audit-office-wants-big-changes-to-land-program-for-low-income-families
The Audit Office has called for a major revision of the Land Allocation Plan for low-income families....
https://knews.kathimerini.com.cy/en/news/freedom-holding-corp-reports-57-surge-in-q3-revenue-hits-$9-billion-market-cap-milestone
Freedom Holding Corp. (FRHC), the parent company of Freedom24, has announced two significant milestones: strong third quarter results for fiscal year 2025 and a record market capitalisation of $9 billion....
https://knews.kathimerini.com.cy/en/news/drifting-17-kilometers-nonstop-on-ice-a-guinness-world-records™-title-for-the-taycan
A few days ago, the Porsche Experience team in Lapland set a GUINNESS WORLD RECORDS title for the longest continuous vehicle drift on ice by an electric vehicle: ...
https://knews.kathimerini.com.cy/en/news/cyprus-leads-the-eu-in-migrant-departures
Cyprus is leading the way in the EU when it comes to managing migration, ranking first in the ratio of migrant departures to arrivals for 2024, with a surprising 179%. ...
https://knews.kathimerini.com.cy/en/business/cyprus-mountain-resorts-see-revival-with-government-s-hotel-upgrades
Cyprus' mountain resorts are seeing a business boom, thanks to a government-backed subsidy scheme aimed at upgrading hotels and tourist accommodations. ...
https://knews.kathimerini.com.cy/en/news/weed-wipeout-as-authorities-seize-1-450-cannabis-products
More than 1,450 cannabis-based products were seized by police in 2024 and January 2025....
https://knews.kathimerini.com.cy/en/business/cyprus-energy-landscape-shifts-as-eni-total-and-kogas-withdraw-from-blocks
The energy landscape of Cyprus' exclusive economic zone (EEZ) is set for a major shift as the French-Italian-Korean consortium of Total, ENI, and Kogas prepares to exit Blocks 2, 3, and 9 at the end of January....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-s-car-market-is-a-tangled-mess
On Monday, February 3rd, manufacturers decided to immobilize 138 vehicles due to the risk of faulty TAKATA airbags, and another 138 due to brake issues....
https://knews.kathimerini.com.cy/en/news/over-50-tonnes-of-humanitarian-aid-ready-for-gaza-from-limassol-port
Over 50 tonnes of crucial humanitarian aid are now sitting at the port of Limassol, ready to be shipped to the people of Gaza. The aid, sent by the Order of Malta, is slated to head for Ashdod port in Israel, where it will be distributed to those in need....
https://knews.kathimerini.com.cy/en/news/cyprus-ends-gas-exploration-in-blocks-2-3-and-9-after-unsuccessful-results
The exploitation licences in blocks 2, 3 and 9 of the Cyprus Exclusive Economic Zone (EEZ) have expired and have not been renewed, as the exploration did not show exploitable natural gas deposits, Minister of Energy, Trade and Industry George Papanastasiou confirmed to the Cyprus News Agency (CYPE)....
https://knews.kathimerini.com.cy/en/news/276-cars-ordered-off-cyprus-roads-over-airbag-and-brake-defects
Hundreds of vehicles in Cyprus are being taken off the roads immediately due to serious safety concerns linked to faulty airbags and braking systems. ...
https://knews.kathimerini.com.cy/en/business/superhome-center-sold-to-greek-company-for-€94-million
The sale of Superhome Center to Vasilitsi DIY for €94 million has been approved by the Board of Directors of Ermes Department Stores Plc....
https://knews.kathimerini.com.cy/en/news/tragic-situation-at-the-dams-closer-to-the-nightmare-scenario
The water flow into the dams during January 2025 are not only not in line with our expectations, but brought us closer to the nightmare scenario of a water emergency situation....
https://knews.kathimerini.com.cy/en/business/cyprus-ended-2024-with-a-banking-boom-as-loans-and-deposits-surged
Cyprus closed out 2024 with a surge in banking activity, as both loans and deposits saw substantial increases, according to the latest data from the Central Bank of Cyprus (CBC). ...
https://knews.kathimerini.com.cy/en/news/paphos-crematorium-plans-go-up-in-smoke
The construction of Cyprus’ first crematorium, planned for the Paphos region, has been pushed back to 2026....
https://knews.kathimerini.com.cy/en/news/cyprus-housing-is-in-crisis-as-foreign-buyers-take-over-the-market
As housing becomes an increasingly pressing issue for the majority of Cypriots, Parliament is opening up a debate on the surge in real estate purchases by third-country nationals....
https://knews.kathimerini.com.cy/en/news/cyprus-masters-make-an-impressive-splash-at-international-swim-competition
The Cyprus Masters Swimming Team made an impressive splash at the Second International Damini Swimming Tournament in Bulgaria, securing a total of 15 golds, 6 silvers, and 1 bronze. ...
https://knews.kathimerini.com.cy/en/business/abu-dhabi-s-purehealth-expands-into-cyprus
Cypriot citizens may soon see noticeable changes in their healthcare services following a significant acquisition deal involving PureHealth, an Abu Dhabi-based healthcare company....
https://knews.kathimerini.com.cy/en/news/eu-launches-€5-million-scholarship-fund-for-turkish-cypriots
The European Commission's office in Cyprus has announced the launch of the EU Scholarship Programme for the Turkish Cypriot community for the academic year 2025–2026. ...
https://knews.kathimerini.com.cy/en/news/mohamed-salem-case-acquitted-on-naturalisation-charges
The Supreme Court on Thursday acquitted most of the defendants in a case involving irregularities in the Cyprus Investment Programme (CIP) related to the naturalisation of investor Mohamed Salem and his family....
https://knews.kathimerini.com.cy/en/comment/opinion/it-was-a-low-bar
The Housing Grant Scheme for young couples and individuals up to 41 years of age was launched on 31 October 2024, with a target of 400 beneficiary applications and a total budget of €15 million. ...
https://knews.kathimerini.com.cy/en/business/construction-permits-surge-in-2024-but-stumble-in-august-due-to-system-hiccups
Building activity in Cyprus showed strong momentum in the first eight months of 2024, with construction permits climbing 8.6% compared to the same period in 2023....
