https://knews.kathimerini.com.cy/en/business/traditional-banks-are-funding-more-shadow-loans
While lending increasingly grows in a demanding environment with geopolitical developments affecting the region and by extension Cyprus, the boundaries between traditional and shadow banking are becoming more and more blurred....
https://knews.kathimerini.com.cy/en/business/porsche-advanced-package-the-perfect-enhancement-for-the-macan-electric
Porsche Cyprus is pleased to announce the availability of the new Macan Advanced Package, offering customers an enhanced combination of luxury, comfort and technology. Carefully curated to elevate the driving experience, the package brings together some of the Macan's most sought-after features in one comprehensive offering....
https://knews.kathimerini.com.cy/en/news/cyprus-and-greece-to-co-develop-combat-drones
Greece and the Republic of Cyprus are expected to move forward in the coming period with a joint program under the EU’s SAFE initiative for the co-production of an unmanned combat aerial vehicle (UCAV)....
https://knews.kathimerini.com.cy/en/news/cyprus-expects-hundreds-of-megawatts-of-energy-storage-by-2027
Cyprus expects to have several hundred megawatts of electricity storage capacity connected to the grid by the end of 2027, according to Energy, Commerce and Industry Minister Michalis Damianos....
https://knews.kathimerini.com.cy/en/news/families-have-few-choices-as-elderly-people-with-mental-illnesses-enter-care-homes
When V.'s father was diagnosed with psychosis and dementia, his family had nowhere else to turn. Unable to care for him at home and with no specialist residential facilities available, they placed him in an elderly care home, a situation experts say is becoming increasingly common in Cyprus....
https://knews.kathimerini.com.cy/en/news/eu-appoints-top-official-raffaele-fitto-as-cyprus-envoy-in-push-to-restart-talks
The European Union is stepping up its involvement in the Cyprus problem, with Brussels appointing one of its most senior officials, Raffaele Fitto, as its new Special Representative for the Cyprus issue....
https://knews.kathimerini.com.cy/en/business/financial-clarity-a-key-driver-of-sme-stability-in-cyprus
Small and medium-sized enterprises (SMEs) are central to the Cypriot economy. Yet, as the business environment evolves, many organisations are facing increasing pressure to manage not only growth, but also financial accuracy, compliance, and planning....
https://knews.kathimerini.com.cy/en/news/cyprus-investigates-attack-on-cyprus-flagged-vessel-in-strait-of-hormuz
Cyprus' Deputy Ministry of Shipping is examining an incident involving a Cyprus-registered cargo vessel that came under fire while passing through the Strait of Hormuz....
https://knews.kathimerini.com.cy/en/news/ioc-clears-path-for-russia-s-return-to-olympic-competition
The International Olympic Committee (IOC) has temporarily lifted the suspension of the Russian Olympic Committee, ending a restriction that had been in place since Russia's invasion of Ukraine....
https://knews.kathimerini.com.cy/en/news/us-and-iran-exchange-attacks-for-third-straight-day-as-ceasefire-comes-under-pressure
The preliminary peace agreement signed by the United States and Iran less than a month ago came under increasing strain on Thursday as both sides exchanged attacks for a third consecutive day, with military operations extending across several countries in the Middle East....
https://knews.kathimerini.com.cy/en/news/coral-bay-loses-around-60-of-its-sandy-beach-to-erosion
One of Cyprus' best-known beaches has been dramatically reduced in size, with Coral Bay in Peyia estimated to have lost around 60% of its sand because of coastal erosion....
https://knews.kathimerini.com.cy/en/business/wealthyhood-and-bank-of-cyprus-launch-co-branded-investing-app-wealthyhood-x-boc-to-revolutionise-wealth-building-in-cyprus
The first-of-its-kind partnership rolls out top-class wealthtech to all Cypriot residents, offering Bank of Cyprus customers instant account linking and frictionless investing....
https://knews.kathimerini.com.cy/en/news/ai-traffic-cameras-to-begin-trial-in-nicosia-with-focus-on-mobile-phone-use
The first artificial intelligence-powered traffic cameras are set to begin operating in Nicosia as part of a pilot programme aimed at identifying motorists who use mobile phones while driving....
https://knews.kathimerini.com.cy/en/news/health-officials-warn-of-higher-legionella-risk-during-summer-heat
The Department of Labour Inspection has called for stricter monitoring and maintenance of water systems as high summer temperatures increase the likelihood of Legionella bacteria developing in certain installations....
https://knews.kathimerini.com.cy/en/business/gevorest-stops-time-at-shopping-malls
Gevorest, faithful to its commitment to promoting sleep quality since 1967, announces the launch of its new event series, "The Ypnos Gold Challenge." On the occasion of the new campaign for the iconic Ypnos Gold mattress, Gevorest invites the public to disconnect from the intensity of everyday life and discover the importance of quality sleep through a unique, multi-sensory experience....
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/pasykaf-launches-major-wellness-campaign-for-women
A local health organization has introduced a major campaign targeting the well-being of women across Cyprus, emphasizing the critical role of regular medical checkups....
https://knews.kathimerini.com.cy/en/comment/opinion/erdoğan-s-sponsors-are-giving-him-every-reason-to-hold-the-line
Who are the sponsors behind Erdoğan's confidence? Who has made him feel comfortable enough to dictate terms and conditions without regard for anyone or anything? The primary sponsor is the European Union. ...
https://knews.kathimerini.com.cy/en/news/prison-officers-warn-cyprus-jail-system-is-nearing-collapse-in-plea-to-president
Prison officers have appealed directly to President Nikos Christodoulides, warning that Cyprus' prison system is nearing breaking point and claiming staff safety is being placed at unacceptable risk because of overcrowding and severe staff shortages....
https://knews.kathimerini.com.cy/en/news/parliament-presses-ahead-with-call-for-countdown-timers-at-camera-controlled-traffic-lights
Cypriot MPs are renewing efforts to introduce countdown timers at traffic lights monitored by red-light enforcement cameras, arguing that the measure would improve road safety and give motorists greater confidence when approaching junctions....
https://knews.kathimerini.com.cy/en/news/cyprus-dispatches-firefighting-aircraft-to-assist-battle-against-southern-europe-wildfires
The Republic of Cyprus has deployed two aerial firefighting aircraft to France to help suppress massive wildfires currently burning through the southern region of the country....
https://knews.kathimerini.com.cy/en/news/pegasus-blames-airport-fees-for-high-fares-to-occupied-north
A representative of Turkish low-cost carrier Pegasus has attributed the high cost of flights to the occupied north to fees imposed at the illegal Tymbou Airport, rejecting suggestions that airlines are responsible for the expensive fares....
https://knews.kathimerini.com.cy/en/news/friday-s-forecast-the-calm-before-the-weekend-bbq-storm
We’ve made it to Friday and the Cyprus weather machine is keeping things entirely agreeable. After some early morning mist and patchy low clouds pack up and head out, we are looking at a classic, wide-open summer day with just a few decorative clouds here and there....
https://knews.kathimerini.com.cy/en/business/licensing-chaos-in-tourism-55-of-accommodations-without-a-license
The issue of licensing Cyprus hotels, which is a long-standing problem, casts shadows over the legality and credibility of the Cypriot tourism product, as it poses risks related to the country's reputation and visitor safety, as the Audit Office points out in a report....
https://knews.kathimerini.com.cy/en/business/business-lending-loses-momentum-because-of-the-middle-east-conflict
Bank lending in Cyprus had been on a strong upward trend for the past year and a half, but the war involving the United States, Israel, and Iran brought that pace to a stop. As a result, forecasts of slower credit growth were confirmed in March, even though Cyprus continues to perform well economically....
https://knews.kathimerini.com.cy/en/news/keeping-it-steady-text-book-thursday-weather-ahead
The island is looking at mostly clear skies across the board, with temperatures hovering exactly where the meteorologists expect them to be at this time of year....
https://knews.kathimerini.com.cy/en/news/global-ocean-temperatures-shatter-records-as-massive-new-el-nino-looms
Global sea surface temperatures have officially broken all historical records for this time of year, signaling what scientists warn is a shift into "uncharted territory" for the planet’s climate system....
https://knews.kathimerini.com.cy/en/news/stepmother-released-in-xylofagou-child-death-investigation
Sovereign Base Areas (SBA) Police have released a stepmother without conditions following her arrest in connection with the deaths of two children in Xylofagou. She was freed on Wednesday....
https://knews.kathimerini.com.cy/en/news/un-envoy-faces-pushback-from-turkish-cypriot-leadership-during-renewed-peace-drive
United Nations Personal Envoy María Ángela Holguín is making a fresh push to revive the long-dormant Cyprus peace process, calling the current diplomatic landscape an unprecedented opportunity for a permanent settlement. However, her efforts have drawn sharp criticism from the Turkish Cypriot leadership, exposing the deep divisions that persist on the island....
https://knews.kathimerini.com.cy/en/news/drug-manufacturer-recalls-batches-of-remethan-arthritis-pills-over-quality-control-issues
Pharmaceutical manufacturer Remedica Limited has initiated a voluntary recall of specific batches of its prescription drug Remethan 100mg prolonged-release tablets. ...
