https://knews.kathimerini.com.cy/en/business/old-gsp-gets-ready-to-eat-drink-and-shop-as-phc-group-takes-over
The commercial operation of five premises at Nicosia's Old GSP redevelopment has been awarded to Catercom Catering, part of PHC Franchised Restaurants Public Ltd, following a decision by Nicosia Municipality....
https://knews.kathimerini.com.cy/en/news/five-years-€1-billion-and-hundreds-of-projects-cyprus-closes-its-eu-recovery-chapter
The end of the summer marks the completion of Cyprus’ Recovery and Resilience Plan (RRP), effectively closing a five-year cycle of investments and reforms....
https://knews.kathimerini.com.cy/en/news/new-electric-vehicle-subsidy-scheme-expected-in-2027
Although electromobility continues to gain popularity among both consumers and car importers in Cyprus, the Government does not plan to announce a new subsidy scheme before the end of the year....
https://knews.kathimerini.com.cy/en/news/one-month-s-salary-just-to-keep-the-lights-on
Ensuring an adequate electricity supply during the summer is undoubtedly the top priority for consumers, who want to avoid a repeat of last year's rolling power cuts during periods of peak demand. ...
https://knews.kathimerini.com.cy/en/business/president-confirms-second-chance-for-2013-bail-in-compensation-claims
President Nikos Christodoulides has confirmed that the online portal for compensation claims linked to Cyprus' 2013 banking crisis will reopen, giving eligible depositors and holders of bank securities another opportunity to submit applications if they missed the original deadline....
https://knews.kathimerini.com.cy/en/news/finance-ministry-rejects-staffing-claims-as-school-psychologists-increase-by-69
The Ministry of Finance has dismissed reports claiming it refused a request to fund additional educational psychologists in next year's state budget, saying discussions on the Ministry of Education's 2027 spending plans are still underway....
https://knews.kathimerini.com.cy/en/business/esm-report-says-cyprus-and-greece-are-the-only-eurozone-countries-expected-to-reduce-debt-through-2035
About half of the euro area countries, including the five member states that received assistance from the European Stability Mechanism (ESM), among them Cyprus, succeeded in reducing public debt and cutting deficits after the pandemic, thanks to the steady economic recovery and growing tax revenues....
https://knews.kathimerini.com.cy/en/news/cyprus-ports-authority-unveils-415-million-euro-roadmap-for-larnaca-waterfront
The Cyprus Ports Authority has unveiled a €415 million roadmap to revamp the Larnaca port and marina, setting a course that stretches to 2045....
https://knews.kathimerini.com.cy/en/news/cyprus-in-line-for-€800-million-in-eu-funding-for-migration-and-security
Cyprus is expected to receive approximately €800 million from the European Union between 2028 and 2034 to support migration policy, security initiatives and border management, Interior Minister Konstantinos Ioannou announced on Monday....
https://knews.kathimerini.com.cy/en/news/new-parliament-same-big-question-who-really-decides-cyprus-economic-future
Fears of a fragmented Parliament that would struggle to get things done did not materialize, with six parties now set to shape Cyprus’ political and legislative agenda over the next five years....
https://knews.kathimerini.com.cy/en/news/cyprus-quietly-shifts-its-defense-west
When President Christodoulides announced last week on X that the first Cypriot candidate had been accepted into the U.S. Naval Academy, the news may have looked like a simple milestone. ...
https://knews.kathimerini.com.cy/en/news/€200m-support-package-launched-to-help-cypriots-weather-crisis
The Cypriot government rolled out an eight-part support package Monday aimed at helping households, businesses, and farmers weather the economic impact of the ongoing war in the Middle East....
https://knews.kathimerini.com.cy/en/news/€10-million-nicu-project-at-makarios-hospital-back-on-track-for-2027-completion
Makarios Hospital is set to gain a new Neonatal Intensive Care Unit (NICU) after the contract for the project was officially awarded....
https://knews.kathimerini.com.cy/en/news/cyprus-faces-€4-4m-yearly-interest-from-eu-loan-to-ukraine
Cyprus is expected to contribute roughly €4.4 million annually toward servicing the €90 billion loan the EU plans to raise on the markets to support Ukraine in the coming years, according to sources from Kathimerini....
https://knews.kathimerini.com.cy/en/news/new-generators-for-dhekelia-now-expected-in-2030
Plans to upgrade the Dhekelia power station have been pushed back again, with the Electricity Authority of Cyprus (EAC) now saying the three new generation units intended for the site are unlikely to arrive before 2030....
https://knews.kathimerini.com.cy/en/business/after-a-year-of-silence-cyprus-returns-to-the-markets-for-€1bn
Cyprus wasted no time in making its way back to the financial markets this year, setting its sights on raising around €1 billion through a 10-year government bond. ...
https://knews.kathimerini.com.cy/en/news/museums-come-to-the-rescue-of-presidents
Culture may get polite mentions and modest funding, but under President Nikos Christodoulides it lacks something far more important: a clear vision. Beyond vague promises and small-scale digital upgrades, no major cultural projects or long-term strategy are in sight....
https://knews.kathimerini.com.cy/en/news/major-public-works-head-into-2026-under-a-cloud-of-delays-and-cost-overruns
The arrival of 2026 is shaping up to be a major test for the government, particularly when it comes to public infrastructure. Several large-scale projects are running far behind the timelines announced when they were first unveiled, with delays now becoming the norm rather than the exception....
https://knews.kathimerini.com.cy/en/news/eu-backs-€90b-ukraine-loan-but-won-t-touch-frozen-russian-billions-yet
After nearly six hours of intense talks and many more behind the scenes, EU leaders walked away from a plan that sounded simple but proved legally explosive: using frozen Russian money to pay for Ukraine’s war effort....
https://knews.kathimerini.com.cy/en/news/teachers-walk-out-farmers-roll-in-as-cyprus-braces-for-a-day-of-protests
Classrooms will fall silent and tractors will take to the streets on Thursday as teachers and farmers stage coordinated protests, putting fresh pressure on the government over education reforms and the future of agriculture....
https://knews.kathimerini.com.cy/en/news/cyprus-takes-over-eu-council-presidency-with-symbolic-gift-exchange
Cyprus officially took over the European Union Council Presidency from Denmark during the final meeting of the EU Council of General Affairs for 2025, marked by a symbolic exchange of gifts between Cyprus’ Deputy Minister for European Affairs Marilena Raouna and Denmark’s Deputy Minister for European Affairs Marie Bjerre....
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/business/cyprus-to-boost-wages-for-nearly-half-the-workforce-amid-rising-costs
Cyprus is set to spend more next year, with the 2026 budget estimating total expenditures, including loan repayments, interest, and investments, at €13.7 billion, up from €12.9 billion in 2025. Personnel costs, including pensions and gratuities, are expected to rise by roughly 4.2%, reaching €3.7 billion....
https://knews.kathimerini.com.cy/en/news/on-the-road-to-patience-cyprus-builds-3-kilometers-in-25-years
If slow and steady really does win the race, Cyprus might just take gold. After a quarter of a century of promises, studies, delays, and political ribbon-cutting, the first 3.6 kilometers of the long-awaited Limassol–Saittas highway have finally been completed....
https://knews.kathimerini.com.cy/en/business/cyprus-state-payroll-to-rise-€153-million-in-2026-budget
Cyprus’ state payroll is set to climb again in 2026, with government spending on personnel projected to rise by €153 million despite efforts to rein in hiring....
https://knews.kathimerini.com.cy/en/business/cyprus-economic-growth-faces-challenges-lenders-highlight-key-concerns
The Cypriot economy is showing strong signs of growth, with GDP expected to rise by over 3% and unemployment dropping below 5% in 2024. Private consumption continues to play a key role in driving this growth. ...
https://knews.kathimerini.com.cy/en/news/nicosia-s-old-gsp-transformed-into-urban-park-ready-for-public-use
The long-awaited redevelopment of the old GSP site is nearly complete and is set to be handed over to the Nicosia Municipality in March.
...
https://knews.kathimerini.com.cy/en/news/cyprus-government-unveils-€60m-investment-plan-to-boost-agriculture
The Cypriot government has rolled out a €60 million investment plan designed to boost the competitiveness and sustainability of the country’s agricultural sector. ...
https://knews.kathimerini.com.cy/en/news/no-relief-in-sight-as-electricity-prices-to-remain-high-until-2027
Electricity prices in Cyprus are expected to remain elevated for the next two years, according to the chairman of the EAC....
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. ...
