https://knews.kathimerini.com.cy/en/business/cyprus-environmental-dept-backs-latchi-development-despite-irregularities
A controversial tourist development in Latchi, Paphos, is facing increasing scrutiny as both the Paphos Provincial Municipality and the Environment Department become involved in a growing legal and environmental dispute. ...
https://knews.kathimerini.com.cy/en/news/how-abramovich-evaded-millions-in-taxes-using-cyprus
A massive tax evasion scheme tied to Roman Abramovich’s superyachts has been uncovered, shedding light on how the Russian billionaire exploited Cyprus’ offshore business environment. Leaked documents reveal that from 2005 to 2012, Abramovich’s companies set up a fake yacht-leasing business in Cyprus to dodge EU taxes on his luxury vessels....
https://knews.kathimerini.com.cy/en/news/eu-and-turkey-edge-closer-to-modernizing-customs-union
A significant effort is underway to modernize the Turkish Customs Union, a landmark economic arrangement that has governed trade between Turkey and the European Union (EU) since 1996. ...
https://knews.kathimerini.com.cy/en/news/in-a-remarkable-ruling-court-upholds-$5m-verdict-against-trump
In a landmark decision, a federal appeals court upheld a jury’s ruling that former President Donald Trump sexually abused E. Jean Carroll, a magazine columnist, in a department store dressing room in the mid-1990s....
https://knews.kathimerini.com.cy/en/news/cyprus-increases-interest-rates-on-arrears-and-court-cases-for-2025
Starting January 1, 2025, Cyprus is increasing interest rates related to arrears and court cases, which could affect anyone with overdue debts to the state or those involved in legal disputes....
https://knews.kathimerini.com.cy/en/business/2024-a-year-that-seriously-damaged-cyprus-s-investment-reputation
2024 will go down in history as a year that seriously damaged Cyprus’s investment reputation, with the collapse of several high-profile state projects....
https://knews.kathimerini.com.cy/en/news/former-openai-researcher-found-dead-amid-copyright-dispute
Suchir Balaji, a 26-year-old former researcher at OpenAI, was found dead in his San Francisco apartment on November 26. Authorities reported no evidence of foul play. ...
https://knews.kathimerini.com.cy/en/life/temu-s-tempting-deals-are-a-double-edged-sword-for-cypriot-shoppers
Temu, an emerging e-commerce platform, offers an extensive range of products, from gadgets and household goods to clothing and toys, at remarkably low prices....
https://knews.kathimerini.com.cy/en/news/ft-eu-and-south-america-strike-historic-trade-deal-amid-controversy
The European Union and Mercosur, a bloc of four South American countries, have finalized a landmark trade deal after 25 years of negotiations. This agreement establishes a massive market of 700 million people, removing tariffs on over 90% of goods traded between the two regions....
https://knews.kathimerini.com.cy/en/comment/opinion/didn-t-know-should-ve-asked
The Presidential Office appears to be in search of the 200 companies that have invested in Cyprus—a surprising development given the article published in "K" on November 24th....
https://knews.kathimerini.com.cy/en/business/fired-paphos-polis-road-contractor-wants-€35-million-payout
The Cyprus government has formally terminated its contract with Intrakat, a Greek construction company, for the long-awaited Paphos-Polis Chrysochous motorway, citing severe delays and excessive demands from the contractor....
https://knews.kathimerini.com.cy/en/news/cyprus-watches-closely-as-u-s-election-stays-too-close-to-call
Cyprus has been on edge overnight, closely watching the unfolding U.S. presidential election. As vote counts continue in critical states, the race remains too close to call....
https://knews.kathimerini.com.cy/en/news/1-zelenskyy-s-make-russia-small-again-t-shirt-sparks-kremlin-fury
Ukrainian President Volodymyr Zelenskyy stirred up strong reactions from Moscow after wearing a T-shirt with the bold slogan, ''Make Russia small again,'' during his nightly address on Wednesday. ...
https://knews.kathimerini.com.cy/en/business/disputes-delay-pafos-polis-chrysochous-motorway-project
In today's Oikonomiki, Dorita Yiannakou reports that the ongoing dispute between the Greek construction company Intrakat and the State over the Pafos-Polis Chrysochous motorway project has led to a stalled construction timeline and potential penalties. ...
https://knews.kathimerini.com.cy/en/news/ukraine-imposes-sanctions-on-cypriot-lawyer-and-associates
Ukraine has added several Cypriot individuals and companies to its sanctions list, including prominent lawyer Andreas Sofocleous and employees from his law firm, Andreas M. Sofocleous & Co LLC, which operates both in Cyprus and Ukraine....
https://knews.kathimerini.com.cy/en/news/ecb-to-review-akel-s-proposed-bank-tax-amid-financial-concerns
The European Central Bank (ECB) is set to evaluate a proposed "windfall tax" on banks, commonly associated with the leftist political party AKEL, in Cyprus. ...
https://knews.kathimerini.com.cy/en/news/parliament-in-turmoil-over-great-sea-interconnector
Cyprus is facing significant political upheaval over the Great Sea Interconnector, a major project intended to bring affordable electricity to the island. With the decision deadline looming tomorrow, there is still no scheduled Cabinet meeting to finalize the issue....
https://knews.kathimerini.com.cy/en/business/pharmacies-to-end-after-hour-and-weekend-services-amid-dispute
In a recent decision, the Pancyprian Pharmaceutical Association (PFA) has announced that it will no longer compile the lists for pharmacies that offer after-hours and weekend services. This move comes as a response to ongoing disputes over working hours and part-time regulations....
https://knews.kathimerini.com.cy/en/news/murder-investigation-heats-up-land-deal-at-heart-of-mykonos-feud
The murder of topographer Panagiotis Stathis in Psychiko has cast a fresh spotlight on a contentious plot of land in Mykonos, believed to be the epicenter of a bitter dispute between Stathis and a local businessman....
https://knews.kathimerini.com.cy/en/business/paphos-polis-road-project-faces-uncertain-future
The long-awaited road project connecting Paphos to Polis Chrysochous, which began in May 2021, faces significant delays and potential abandonment. ...
https://knews.kathimerini.com.cy/en/business/ministry-probes-public-works-tenders-from-10-years-ago
A report by Apostolos Tomaras in this Sunday's Kathimerini delves into how Cyprus is grappling with significant issues in its public construction projects, like the renovation of Larnaca's port, which have faced major delays and complications....
https://knews.kathimerini.com.cy/en/business/contract-for-larnaca-port-and-marina-upgrade-terminated
The redevelopment contract for the port and marina of Larnaca has been officially terminated, effective immediately as of 8:30 a.m. on May 27, according to a report by Apostolos Tomaras....
https://knews.kathimerini.com.cy/en/news/uncovering-transparency-issues-in-public-contracts
The uproar surrounding a revitalizing project on the outskirts of Nicosia, the capital, is just a drop in the bucket compared to the broader issues plaguing certain contracting firms and the administration overseeing public contracts....
https://knews.kathimerini.com.cy/en/news/us-justice-department-sues-apple-for-its-smartphone-monopoly
The Justice Department has filed a wide-ranging antitrust lawsuit against tech giant Apple, alleging the company has established an illegal monopoly in the smartphone market,...
https://knews.kathimerini.com.cy/en/news/philippines-accuses-china-of-dumping-cyanide-into-disputed-scarborough-shoal
The Bureau of Fisheries and Aquatic Resources in the Philippines has accused Chinese fishing vessels of utilizing cyanide to harm the Scarborough Shoal, a contested atoll in the South China Sea, according to a report in Business Insider....
https://knews.kathimerini.com.cy/en/business/79-jump-in-consumer-complaints-this-year
In a substantial leap from 2022, the Cyprus Consumer Association reports a noteworthy spike in four complaint categories in 2023....
https://knews.kathimerini.com.cy/en/business/elon-musk-raises-disturbing-questions-about-openai-s-internal-strife
In a recent interview at the Dealbook Summit, Elon Musk shared his concerns about the sudden departure and return of Sam Altman at OpenAI, a company Musk co-founded. ...
https://knews.kathimerini.com.cy/en/business/michael-kyprianou-co-llc-receives-cyprus-firm-of-the-year-legal-award-at-who-s-who-legal-awards-2023
Michael Kyprianou & Co LLC has been awarded the Cyprus Firm of the Year Award by Who’s Who Legal (WWL). ...
https://knews.kathimerini.com.cy/en/business/ft-tech-giants-clash-with-eu-over-internet-control
A Financial Times article has reported that major players like TikTok and Meta, the parent company of Facebook, are pushing back against the European Union's (EU) recent internet regulations aimed at fostering greater openness and competition in online markets....
https://knews.kathimerini.com.cy/en/news/michael-kyprianou-co-scoops-prestigious-cyprus-firm-of-the-year
Michael Kyprianou & Co LLC has been awarded the Cyprus Firm of the Year Award by Who’s Who Legal (WWL). ...