https://knews.kathimerini.com.cy/en/business/techisland-launches-legal-community
TechIsland, Cyprus’ largest tech association, announces the launch of a new professional initiative: the TechIsland Legal Community. This is a dedicated professional network for lawyers, legal advisors, and compliance professionals who work in Cyprus’ fast-growing tech sector....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-is-being-bought-and-the-state-doesn-t-seem-to-know-or-care
About a year ago, I met with the top state official responsible for land and property issues in Cyprus. I won’t name names. My intention isn’t to target anyone personally, but I will say this: I spoke to the person who should know the most about the growing number of real estate acquisitions by non-EU nationals....
https://knews.kathimerini.com.cy/en/business/11-hotel-groups-go-private-on-water-with-€3m-state-backed-desalination-plan
Cyprus’ hotel industry is making a splash, literally. In response to mounting water concerns, 11 major hotel groups across Limassol, Larnaca, and Paphos have filed official applications to install small private desalination units on their premises....
https://knews.kathimerini.com.cy/en/business/cypriot-businesses-go-greener-as-hundreds-certified-in-nationwide-esg-initiative
Nearly 1,000 Cypriot businesses have joined a nationwide push toward sustainability, with two-thirds already certified under Environmental, Social, and Governance (ESG) standards, marking the first-year results of a collaborative interbank initiative aimed at promoting responsible business practices....
https://knews.kathimerini.com.cy/en/business/eurobank-eyes-dual-listing-on-cyprus-and-athens-stock-exchanges-after-hellenic-bank-exit
Greece’s Eurobank is considering listing its shares on the Cyprus Stock Exchange (CSE), just as Hellenic Bank prepares to officially delist on June 30, 2025, sealing a €1.3 billion investment deal that signals strong faith in the Cypriot economy....
https://knews.kathimerini.com.cy/en/business/protect-cypriot-businesses-before-they-re-bought-out-chamber-chief-warns
The head of the Cyprus Chamber of Commerce and Industry (CCCI) is urging action to protect local businesses from being swallowed up by foreign interests, calling for targeted tax reforms and incentives to encourage homegrown mergers....
https://knews.kathimerini.com.cy/en/business/1-freedom-holding-corp-reports-23-revenue-growth-for-fy2025-driven-by-strong-performance-across-brokerage-and-insurance-segments
Freedom Holding Corp. (FRHC), a diversified financial services firm and the founder of Freedom24, has announced its financial results for the fiscal year ended 31 March 2025. ...
https://knews.kathimerini.com.cy/en/business/cyprus-returns-to-three-systemic-banks-after-alpha-bank-cyprus-astrobank-deal
Cyprus is set to have three systemic banks again after Alpha Bank Cyprus signed a final agreement to acquire most of AstroBank’s assets and liabilities. The deal was officially signed Tuesday, June 24, 2025....
https://knews.kathimerini.com.cy/en/business/cyprus-reinstates-abramovich-firm-to-go-after-directors-for-€25m-tax-debt
Cyprus is breathing life back into a defunct company once linked to Russian billionaire Roman Abramovich, not to do business, but to collect what it’s owed....
https://knews.kathimerini.com.cy/en/news/freedom-holding-corp-reports-23-revenue-growth-for-fy2025-driven-by-strong-performance-across-brokerage-and-insurance-segments
Freedom Holding Corp. (FRHC), a diversified financial services firm and the founder of Freedom24, has announced its financial results for the fiscal year ended 31 March 2025. ...
https://knews.kathimerini.com.cy/en/business/swiss-central-bank-slashes-interest-rates-to-0-to-fight-soaring-franc-and-deflation
In a surprise move, Switzerland’s central bank has slashed interest rates to zero, aiming to counter falling prices and slow the rapid rise of the Swiss franc, which has been drawing heavy investment as a safe-haven currency during global economic uncertainty....
https://knews.kathimerini.com.cy/en/business/two-fuel-importers-raise-prices-in-cyprus-with-others-expected-to-follow-suit-within-days
Fuel prices in Cyprus began rising Wednesday, marking the first increases since the recent escalation of tensions between Iran and Israel, the head of the Cyprus Fuel Station Owners’ Association said....
https://knews.kathimerini.com.cy/en/news/government-officials-go-green-with-new-fleet-of-31-electric-cars
State officials in Cyprus will soon be driving electric, as 31 EVs are being added to the government fleet....
https://knews.kathimerini.com.cy/en/news/25th-petrolina-annual-general-meeting
On Thursday, the 19th of June, the 25th Annual General Meeting of the Shareholders of Petrolina (Holdings) Public Limited took place....
https://knews.kathimerini.com.cy/en/business/india-s-drone-power-lands-in-cyprus
Indian business interest in Cyprus is gaining momentum, with drone tech leader Drone Destination planning to set up shop on the island....
https://knews.kathimerini.com.cy/en/business/83-major-companies-in-cyprus-operating-without-required-permits-lawmakers-say
Eighty-three major industrial sites across Cyprus are operating without valid town planning permits, building permits, or approval certificates, key documents required to regulate pollution and safeguard public health, according to AKEL MP Nicos Kettiros....
https://knews.kathimerini.com.cy/en/news/the-catalytic-role-of-legal-and-regulatory-functions-in-the-modern-era-of-sustainable-development
In the traditional business environment, legal and compliance professionals were seen as “gatekeepers.” Today, they are evolving into custodians of alignment and harmonization with legal and regulatory frameworks. ...
https://knews.kathimerini.com.cy/en/news/is-phedon-phedonos-gearing-up-for-2028
When Phedon Phedonos launched a fresh offensive from Paphos last month, accusing certain Cyprus-based forex companies of laundering dirty money and warning that the Cypriot economy was veering dangerously close to a “casino model,” it sent ripples through Nicosia....
https://knews.kathimerini.com.cy/en/business/bollywood-bots-and-big-bucks-as-cyprus-becomes-india-s-new-business-and-movie-hub
In a major boost to Cyprus’s economy and international standing, two Indian companies have officially announced their expansion into the country, with more than 20 others reportedly exploring similar moves....
https://knews.kathimerini.com.cy/en/business/cnp-cyprus-rebrands-as-erb-after-€182m-acquisition-by-hellenic-bank
By the end of June 2025, ''CNP'' will be renamed ''ERB'' as a result of the acquisition of CNP Cyprus Insurance by Hellenic Bank....
https://knews.kathimerini.com.cy/en/news/modi-begins-two-day-visit-to-cyprus-set-to-sign-joint-declaration-on-strategic-cooperation
Indian Prime Minister Narendra Modi arrived in Cyprus on Sunday for a two-day official visit, marking what Cypriot President Nikos Christodoulides called a historic step in the growing relationship between the two countries....
https://knews.kathimerini.com.cy/en/news/cypriots-brace-for-impact-as-fuel-prices-set-to-jump-after-mideast-strikes
Drivers in Cyprus may soon feel a serious pinch at the pump, as fuel prices are expected to rise significantly in the coming days following Israel’s military strike on Iran and the resulting spike in global oil prices....
https://knews.kathimerini.com.cy/en/news/skyup-airlines™-celebration-event-for-the-launch-of-flights-between-cyprus-–-moldova-romania-and-poland
A highly successful celebration event was held on June 12 at Larnaca International Airport by SkyUp Airlines™, marking the official launch of direct flights connecting Cyprus with Moldova, Romania and Poland. The event was a great success, gathering guests and media representatives....
https://knews.kathimerini.com.cy/en/business/boc-eyes-bigger-role-in-your-financial-future
Beyond its moves into the insurance sector, Bank of Cyprus is actively exploring additional ways to increase the bank’s overall value. ...
https://knews.kathimerini.com.cy/en/business/texas-based-ai-powerhouse-tenstorrent-expands-to-cyprus
One of the fastest-growing U.S. artificial intelligence companies is looking to set up shop in Cyprus, in a move that could boost the island's ambition to become a tech hub in the Eastern Mediterranean....
https://knews.kathimerini.com.cy/en/news/from-the-mekong-to-the-med-how-cyprus-and-cambodia-are-crafting-a-new-global-alliance
In an exclusive with His Excellency Salah Essa, Honorary Consul of Cyprus to Cambodia, we uncover how two countries, thousands of kilometers apart, are finding common ground in trade, tourism, and cultural exchange. ...
https://knews.kathimerini.com.cy/en/news/despite-ahk-chief-s-assurances-technocrats-push-for-higher-power-rate-hike
Even though the chairman of the Electricity Authority of Cyprus (AHK), Giorgos Petrou, recently stated that the AHK would be requesting only a modest 3% electricity price hike, the utility’s technocrats are still pushing for an increase of up to 7.5% before VAT....
https://knews.kathimerini.com.cy/en/news/cash-back-coming-as-2013-crisis-victims-set-for-payouts-in-2025
A long-awaited boost is on the way for individuals hit hardest by Cyprus’ 2013 banking crisis. On June 6, the National Solidarity Fund (NSF) Committee finalized the structure of the 2025 Loss Compensation Plan, set to roll out later this summer....
https://knews.kathimerini.com.cy/en/news/paphos-mayor-‘i-am-under-coordinated-attacks
Paphos Mayor Phedon Phedonos says he is facing coordinated attacks from a small but organized group with significant interests, but insists he won’t be intimidated....
https://knews.kathimerini.com.cy/en/news/petrolina-participates-in-a-beach-clean-up-campaign-for-world-environment-day
On the occasion of World Environment Day, Petrolina contributed to a series of beach clean-up activities held on Thursday, 5 June 2025, in Ayia Napa, Protaras, Larnaka and Limassol,...
