https://knews.kathimerini.com.cy/en/news/gsi-s-final-cost-remains-unclear
The Great Sea Interconnector (GSI) still lacks a reliable final cost estimate and a firm timetable for completing its assessment, as the European Investment Bank awaits clarification of crucial technical, financial and contractual details....
https://knews.kathimerini.com.cy/en/news/flash-festival
Flash Festival returns for its second edition as a festival, continuing its journey as a platform dedicated to supporting and showcasing contemporary artistic creation in Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-must-hold-extra-capital-to-continue-lending-in-a-crisis
Markets are volatile, the war in the Middle East shows no sign of ending, and inflation continues to rise. The energy crisis is deepening concerns, while the prices of goods and fuel remain high. ...
https://knews.kathimerini.com.cy/en/business/freedom24-plans-geneva-office-for-q1-2027-deepening-ties-with-swiss-finance-and-research
Geneva combines international finance, wealth management and institutional trust with access to world-class research and innovation. Freedom24 sees opportunities to connect its digital financial expertise and the group’s technological capabilities with Switzerland’s financial and scientific ecosystem.
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https://knews.kathimerini.com.cy/en/comment/opinion/what-happens-when-you-can-no-longer-afford-your-own-neighborhood
Gentrification has come to Cyprus, too. Over the past few years, it has taken hold mainly in the coastal cities, where it has sent rents and home prices soaring....
https://knews.kathimerini.com.cy/en/news/cyprus-proves-a-lucrative-market-for-banks
Cyprus remains a strong source of bank profits, with two of the three banks whose parent companies are based in Greece reporting impressive results. ...
https://knews.kathimerini.com.cy/en/news/energy-prices-jump-21-in-september-putting-households-under-pressure
Energy prices in Cyprus rose 21% in September compared with a year earlier, putting pressure on household budgets as inflation on the island outpaced the euro-area average....
https://knews.kathimerini.com.cy/en/news/cyprus-largest-caffe-nero-planned-for-old-gsp-square
A Caffe Nero, a wine bar, a perfume shop, and a full-service restaurant or cafe are planned for the revamped old GSP square, bringing new shopping and dining options to central Nicosia....
https://knews.kathimerini.com.cy/en/business/cyprus-china-trade-surges-26-to-$1-44-billion-in-2025
Cyprus-China bilateral trade reached $1.44 billion in 2025, rising by 26% as both countries seek to expand cooperation in investment, technology, tourism and renewable energy. The Cyprus-China Cooperation and Entrepreneurship Forum in Nicosia brought together business leaders and local officials to explore new commercial partnerships....
https://knews.kathimerini.com.cy/en/comment/opinion/who-wants-to-run-a-business-in-cyprus-anymore
Between armed conflicts, geopolitical developments, a prolonged energy crisis and constant shifts in the global economy, running a business in Cyprus is becoming increasingly difficult....
https://knews.kathimerini.com.cy/en/business/is-limassol-becoming-too-expensive-for-business
Limassol’s cost-of-living pressures appear to be reaching a breaking point, extending beyond households and residents to the business community....
https://knews.kathimerini.com.cy/en/business/gdp-growth-accelerates-in-q2-on-strong-consumption-and-investment
Despite the deterioration in the global economic environment following the outbreak of the US-Iran war, the Cypriot economy remained resilient in Q2 2026, with GDP growth accelerating to 3.3%YoY, from 3.0%YoY in the previous quarter. ...
https://knews.kathimerini.com.cy/en/news/government-spends-more-than-it-earns-as-deficit-grows
The Cypriot government spent nearly €143 million more than it brought in during the second quarter of 2026, as rising costs outpaced an increase in revenue, preliminary figures from the Statistical Service show....
https://knews.kathimerini.com.cy/en/business/rising-fuel-costs-put-pressure-on-cyprus-airways-ticket-prices
Cyprus Airways is preparing for a new phase of growth following a period of stabilization after the serious difficulties it faced in 2024. The airline is gradually changing its ownership structure, expanding its fleet, adding destinations and improving its services....
https://knews.kathimerini.com.cy/en/business/leonardo-hotels-expands-its-presence-in-cyprus-with-the-opening-of-leonardo-boutique-hotel-venetian-nicosia
Leonardo Hotels & Resorts Mediterranean announces the opening of Leonardo Boutique Hotel Venetian Nicosia on 21 October 2026, marking the brand's entry into the Cypriot capital and another significant milestone in its continued expansion across Cyprus and Greece.
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https://knews.kathimerini.com.cy/en/business/cyprus-airways-announces-daily-flights-to-london
Cyprus Airways is further expanding its network with the launch of a new daily direct service between Larnaca (LCA) and London Stansted (STN), commencing on 23 April 2027....
https://knews.kathimerini.com.cy/en/news/two-porsches-€10-in-the-bank-and-inherited-water-inside-mps-finances
A London apartment, €200,000 worth of furniture, bank accounts holding loose change and an inheritance of ''running water'' are among the standout details in MPs’ asset declarations....
https://knews.kathimerini.com.cy/en/business/emgf-forum-accelerating-the-eastern-mediterranean-s-role-as-an-energy-corridor-for-europe
The development of the Eastern Mediterranean into an interconnected energy corridor, capable of making a meaningful contribution to security of supply across the wider region, was at the heart of the high-level event co-hosted by HELLENiQ ENERGY and the East Mediterranean Gas Forum (EMGF) on Wednesday, 7 October, in Athens.
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https://knews.kathimerini.com.cy/en/news/nina-schick-the-greatest-risk-for-cyprus-is-remaining-a-passive-consumer-of-artificial-intelligence
With a career that has brought her close to the most influential centres of political and technological decision-making in the United States and Europe, Nina Schick is now ranked among the world’s top 20 speakers on artificial intelligence....
https://knews.kathimerini.com.cy/en/news/artificial-intelligence-at-the-heart-of-a-new-global-power-struggle
The global struggle for power in artificial intelligence, and its implications for work, the economy, innovation and geopolitics, took centre stage at the Digital Agenda Cyprus Summit 2026, held on Wednesday, October 14, at the Nicosia Municipal Theatre. This year’s theme was “AI Wars – Challenging the Balance of Power: Life, Work, Country, Region”....
https://knews.kathimerini.com.cy/en/news/a-swiss-bank-without-switzerland-ubs-weighs-a-move-abroad
How big can a bank become before its home country can no longer afford to rescue it? That question is at the heart of a dispute in Switzerland, where banking giant UBS is considering whether its future could lie abroad....
https://knews.kathimerini.com.cy/en/life/25-restaurants-worth-making-plans-for-in-nicosia
Some evenings deserve more than “shall we order the usual?” Whether there’s a birthday to celebrate, a date to impress or simply a good appetite to reward, Nicosia has plenty of places worth making plans for....
https://knews.kathimerini.com.cy/en/news/is-cyprus-ready-for-the-ai-revolution-digital-agenda-summit-puts-the-question-to-the-test
Artificial intelligence is transforming the workplace and the global balance of power, prompting questions about whether Cyprus and Europe are prepared to adapt quickly enough. These issues took center stage as Digital Agenda Summit 2026 opened in Nicosia on Wednesday under the theme “AI WARS: Challenging the balance of power.”...
https://knews.kathimerini.com.cy/en/news/riyadh-airport-shut-until-saturday-as-disruption-spreads-across-gulf-routes
Riyadh’s international airport is expected to remain closed until Saturday, Oct. 17, following deadly Houthi attacks, as airlines cancel services and the disruption spreads beyond the Saudi capital....
https://knews.kathimerini.com.cy/en/business/what-s-shaping-cyprus-business-this-week
Key gatherings across Cyprus this week bring together leaders in artificial intelligence, corporate governance, and sustainable finance. Here is your quick look at the top conferences, networking events, and local industry milestones on the agenda....
https://knews.kathimerini.com.cy/en/business/cyprus-turns-to-the-u-s-for-talent-and-investment
For the second consecutive year, the government is seeking to build ties with the U.S. market and connect with Cypriots living and working there through a series of meetings with international investors, business organizations, and members of the Cypriot diaspora....
https://knews.kathimerini.com.cy/en/news/us-to-livestream-execution-of-soldier-who-killed-13-at-texas-army-base
The US Department of Defense plans to livestream the execution of former Army psychiatrist Nidal Hasan, who killed 13 people in a shooting at Fort Hood, Texas, in 2009, Defense Secretary Pete Hegseth has announced....
https://knews.kathimerini.com.cy/en/news/at-the-acropolis-rubio-tells-the-west-to-stop-apologizing-and-rebuild-its-power
Standing at the Acropolis in Athens, U.S. Secretary of State Marco Rubio delivered a message aimed well beyond Greece: The West must regain its confidence, rebuild its strength, and stop feeling ashamed of its own history....
https://knews.kathimerini.com.cy/en/news/tel-aviv-stock-exchange-considers-buying-cyprus-stock-exchange
The Tel Aviv Stock Exchange is taking a serious look at buying the Cyprus Stock Exchange (CSE). Israeli financial publication Calcalist reports that the exchange, headed by Itay Ben Zeev, intends to participate in a tender to be launched by the Cypriot government for the exchange’s privatization....
https://knews.kathimerini.com.cy/en/business/visa-free-u-s-travel-and-direct-flights-top-amcham-s-cyprus-wish-list
A policy study by the American Chamber of Commerce in Cyprus (AmCham), which is part of the Cyprus Chamber of Commerce and Industry (CCCI), focuses on specific initiatives to further strengthen and deepen relations between the Republic of Cyprus and the United States....
