https://knews.kathimerini.com.cy/en/news/cyprus-hits-employers-with-massive-€156-000-in-fines-over-illegal-employment
Authorities in Cyprus have fined 24 employers a total of €156,000 and filed charges after discovering 34 foreign nationals working illegally during a week-long immigration enforcement campaign....
https://knews.kathimerini.com.cy/en/news/ai-adoption-could-boost-global-gdp-by-an-additional-15-percentage-points-by-2035-as-global-economy-is-reshaped-pwc-research
New research published today by PwC reveals that AI has the potential to boost global economic output by up to 15 percentage points over the next decade. ...
https://knews.kathimerini.com.cy/en/business/european-hoteliers-take-on-booking-com-over-high-commissions
Hoteliers across Europe are once again taking aim at Booking.com, accusing the popular online platform of exploiting its dominant position in the market....
https://knews.kathimerini.com.cy/en/news/five-arrested-in-nicosia-after-inspections-lead-to-arrests-for-immigration-labor-violations-video
Police and other authorities carried out coordinated inspections Tuesday in the walled city of Nicosia, targeting shops and small businesses as part of an ongoing effort to improve public safety in the area....
https://knews.kathimerini.com.cy/en/business/cypriots-eye-business-opportunities-but-fear-of-failure-still-looms
A growing number of Cypriots believe the island is ripe for starting a business—but fear of failure is still holding many back, according to the National Report on Entrepreneurship in Cyprus 2023/2024, released Tuesday by the Centre for Entrepreneurship at the University of Cyprus....
https://knews.kathimerini.com.cy/en/news/power-s-back-but-no-one-knows-why-it-failed
Spain and Portugal are slowly bouncing back from what’s being called one of the biggest blackouts in Europe’s modern history — but no one seems to know exactly why it happened....
https://knews.kathimerini.com.cy/en/news/massive-power-outage-cripples-spain-portugal
A massive power outage swept across parts of Spain and Portugal on Monday, grounding flights, halting public transportation, and disrupting daily life for millions....
https://knews.kathimerini.com.cy/en/business/ancoria-bank-shifts-to-cypriot-hands-in-major-shake-up
Banking changes in Cyprus are rolling full steam ahead in 2025, with Ancoria Bank now seeing a major shift in its ownership. Entrepreneur and co-founder of XM, Kostas Kleanthous, has reached an agreement to buy more than 50% of Ancoria Bank, making him the new majority shareholder. ...
https://knews.kathimerini.com.cy/en/news/deloitte-announces-technology-fast-50-middle-east-and-cyprus-fourth-edition-rankings
Deloitte Middle East has released the results of the fourth edition of the Middle East Technology Fast 50, recognising the fastest-growing technology companies across Cyprus and the Middle East....
https://knews.kathimerini.com.cy/en/news/vat-challenges-for-electronic-money-institutions
In the digital age, Electronic Money Institutions (EMIs) have become an integral part of the financial ecosystem, offering a range of services that facilitate digital transactions....
https://knews.kathimerini.com.cy/en/news/cyprus-restarts-gas-project-with-european-aid-and-floating-giant-prometheus
Cyprus is gearing up to revive its biggest energy project, the long-delayed natural gas terminal at Vasilikos, after a rocky period following the exit of a Chinese consortium that had taken the lead. ...
https://knews.kathimerini.com.cy/en/news/foreign-owned-hair-salons-draw-scrutiny-over-operating-hours-lack-of-oversight
The Pancyprian Federation of Hairdressers and Barbers is raising concerns about what it describes as unfair competition from hair salons and barbershops operated by foreign nationals....
https://knews.kathimerini.com.cy/en/news/cyprus-economy-set-to-slow-down-says-imf
The International Monetary Fund (IMF) has lowered its expectations for how much Cyprus's economy will grow over the next two years....
https://knews.kathimerini.com.cy/en/business/why-the-u-s-china-trade-war-matters-to-cyprus-and-europe
As the United States sharpens its rhetoric against China’s trade practices, reviving a tariff-heavy policy rooted in the Trump years, global markets are once again bracing for impact. ...
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-cuts-loan-rates-again-giving-borrowers-a-breather
Good news is finally landing in the inboxes of thousands of borrowers across Cyprus, as the Bank of Cyprus announced another interest rate cut that should make monthly loan payments a little easier to swallow....
https://knews.kathimerini.com.cy/en/news/waitstaff-say-employers-are-pocketing-their-tips
Some restaurant and café workers in Cyprus are raising the alarm over a shady practice happening behind the scenes: tips meant for staff are being kept by employers or used to top up wages, according to complaints made to MPs....
https://knews.kathimerini.com.cy/en/business/president-unveils-brain-gain-campaign-and-silicon-valley-ties-at-economic-conference
Cyprus is aiming high with a bold economic strategy that puts young people, innovation, and foreign investment at the center of the island’s future....
https://knews.kathimerini.com.cy/en/news/banquet-hall-in-nicosia-built-and-operating-without-permits
A building in Nicosia that now operates as a popular banquet and events hall was constructed and opened without the proper permits or approvals, according to a damning report by the Auditor General of the Republic. ...
https://knews.kathimerini.com.cy/en/business/mortgage-rates-dip-in-cyprus-but-we-re-still-paying-more-than-the-rest-of-europe
Mortgage interest rates in Cyprus dipped slightly in February, offering some relief to prospective homeowners, but don't pop the champagne just yet. Despite the modest cuts, borrowing in Cyprus remains noticeably more expensive than in the rest of the Eurozone....
https://knews.kathimerini.com.cy/en/life/two-worlds-one-journey-cyprus-meets-cambodia
Cyprus and Cambodia may be worlds apart, but they’re finding common ground in a shared mission: to redefine travel, trade, and cultural exchange....
https://knews.kathimerini.com.cy/en/business/cyprus-kicks-off-2025-with-tourism-boom-as-revenues-jump-53-in-january
Tourism in Cyprus is off to a flying start in 2025, with January’s revenue soaring to €69.2 million, a 53.1% jump compared to the same month last year, according to the latest figures from the Statistical Service’s Traveler Survey....
https://knews.kathimerini.com.cy/en/business/cyprus-courts-u-s-investors-in-energy-tech-and-finance
Cyprus is making a bold push to attract American investment, with President Nicos Christodoulides leading a high-profile delegation to the United States....
https://knews.kathimerini.com.cy/en/business/cyprus-tech-boom-boosts-the-economy-by-€7-billion
For years, Cyprus’ economy leaned heavily on tourism and professional services, but the rapid rise of technology companies is reshaping the island’s financial landscape....
https://knews.kathimerini.com.cy/en/news/give-a-stray-a-second-chance-by-joining-the-mission-to-save-homeless-animals-in-cyprus
Don't just talk the talk, take action and make a difference in Cyprus. God knows we need it!...
https://knews.kathimerini.com.cy/en/news/breast-practices-parliament-moves-toward-better-support-for-nursing-mothers
The Parliamentary Health Committee has examined proposed regulations to establish designated breastfeeding and breast milk expression rooms in workplaces and public areas....
https://knews.kathimerini.com.cy/en/life/zouhouri-square-in-larnaca-transforms-into-a-magical-ice-age-adventure
A unique experience is now unfolding in the heart of Larnaca, as Zouhouri Square undergoes a stunning transformation into an Ice Age-themed display....
https://knews.kathimerini.com.cy/en/news/businesses-call-for-simpler-fairer-tax-reform-in-cyprus
The Institute of Certified Public Accountants of Cyprus is raising concerns over Cyprus’ proposed tax reform, arguing that while the new framework aims to ease the tax burden on individuals and businesses, it remains overly complex. ...
https://knews.kathimerini.com.cy/en/business/the-best-bank-to-ever-come-out-of-cyprus
The management of Hellenic Bank has set an ambitious goal for the new structure that will emerge in the coming months following its consolidation with Eurobank Cyprus....
https://knews.kathimerini.com.cy/en/news/students-use-their-creative-touch-to-design-run-for-autism-half-marathon-medal
The medal for the upcoming ''Run for Autism Half Marathon,'' scheduled for Sunday, April 6, was unveiled at a press conference in Ayia Napa on March 18....
https://knews.kathimerini.com.cy/en/news/grid-limitations-threaten-cyprus-green-energy-boom
Cyprus’ green energy transition, once a major draw for investors, is now facing serious roadblocks as the national electricity grid struggles to handle more renewable energy projects. ...
