https://knews.kathimerini.com.cy/en/business/middle-east-consortium-eyes-cyprus-tech-hub
A consortium of companies from Saudi Arabia, Jordan, and the United Arab Emirates has submitted a bid to develop Cyprus’s Pentedakomo Science and Technology Park, signaling strong international interest in the island’s tech and innovation sector....
https://knews.kathimerini.com.cy/en/news/high-electricity-bills-aren-t-going-anywhere-in-2026
Uncertainty surrounding Cyprus’ biggest energy projects is expected to persist through 2026, as delays at the liquefied natural gas terminal in Vasiliko and mounting complications with the electricity interconnector leave little room for optimism....
https://knews.kathimerini.com.cy/en/business/kition-ocean-plots-comeback-for-larnaca-port-mega-project
Nineteen months after the termination of the contract, and while procedures are under way for construction works on the redevelopment of the Larnaca marina and port to begin, the Kition Ocean Holdings consortium is attempting to return to the project....
https://knews.kathimerini.com.cy/en/news/cyprus-tweaks-gas-deal-to-speed-exports-to-egypt
Cyprus and Egypt are taking steps to streamline the export of Cypriot natural gas, officials said Friday, as the two countries look to deepen energy ties amid the island’s EU Council Presidency....
https://knews.kathimerini.com.cy/en/news/trust-esg-consortium-holds-strategic-workshop-at-frederick-university-to-advance-ai-driven-esg-innovations
The TRUST-ESG consortium convened for a key project workshop at Frederick University, gathering representatives from Infocredit Group (ICG), Frederick Research Center (FRC), and the Cyprus University of Technology (CUT)....
https://knews.kathimerini.com.cy/en/business/old-money-meets-new-as-nine-european-banks-back-euro-stablecoin-despite-ecb-fears
Europe’s biggest banks are dipping their toes into crypto waters. Nine major lenders, including ING, UniCredit and DekaBank, are banding together to launch a euro-backed stablecoin later this year, even as the European Central Bank warns such digital tokens could shake financial stability....
https://knews.kathimerini.com.cy/en/business/eu-wants-€67-million-back-from-cyprus-gas-project-sparking-political-fight
A multibillion-euro project meant to bring natural gas to Cyprus has been thrown into turmoil, after the European Commission demanded the return of €67 million in funding over alleged irregularities in how the contract was awarded. ...
https://knews.kathimerini.com.cy/en/business/pentakomo-tech-park-attracts-global-investors
The long-discussed Pentakomo Technology Park project is finally showing signs of serious progress, with both Cypriot and foreign investors expressing concrete interest, officials say....
https://knews.kathimerini.com.cy/en/news/cyprus-roads-get-a-makeover
Cyprus is moving forward with several major road projects aimed at making travel easier, safer, and faster while also supporting local development....
https://knews.kathimerini.com.cy/en/business/cyprus-airports-set-for-€170m-makeover-as-passenger-growth-soars
Cyprus is gearing up for a major transformation of its two main airports, as Hermes Airports Chairman Christophe Petit outlines a €170 million overhaul set to modernize and expand Larnaka and Pafos terminals. ...
https://knews.kathimerini.com.cy/en/business/vasilikos-scandal-bank-accounts-under-scrutiny-in-eu-probe
Cyprus' political parties are voicing strong support for the examination of bank accounts linked to the failed Vasilikos LNG terminal as part of an ongoing investigation by the European Public Prosecutor’s Office (EPPO). ...
https://knews.kathimerini.com.cy/en/business/‘pegasus-1-reveals-350-meter-column-of-natural-gas
President Nikos Christodoulides was briefed Monday on a new natural gas discovery in the Republic of Cyprus’ Exclusive Economic Zone (EEZ), following a videoconference with ExxonMobil Vice President John Ardill....
https://knews.kathimerini.com.cy/en/news/the-life-pharma-detox-system-offers-solutions-to-pharmaceutical-pollution
Medochemie is taking a leading role in addressing one of the most pressing environmental challenges currently faced by the pharmaceutical industry: the management and reduction of pharmaceutical pollution....
https://knews.kathimerini.com.cy/en/business/america-wants-greece-s-ports-and-china-out
A quiet tug-of-war is playing out in Greece, one that could reshape global trade routes and shift the balance of power in the Mediterranean....
https://knews.kathimerini.com.cy/en/news/two-major-roads-near-completion-set-to-transform-travel-across-cyprus
Two key road projects are nearing completion in Cyprus and are expected to significantly improve transport links and everyday life for citizens, especially in rural and mountainous areas. ...
https://knews.kathimerini.com.cy/en/news/cyprus-gets-back-on-track-with-three-stalled-mega-projects
After months of setbacks and stalled progress, three of Cyprus’ biggest public works projects are getting a fresh start. ...
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/public-works-denies-bus-shelter-scandal-as-auditor-general-probes-€61m-project
The Department of Public Works has firmly denied allegations of a scandal surrounding the ongoing €61.6 million national bus shelter upgrade project, following accusations raised by AKEL MP Kostas Kosta during a heated session of the Parliamentary Transport Committee....
https://knews.kathimerini.com.cy/en/news/paphos-airport-gears-up-for-new-vip-terminal
Soon, passengers flying through Paphos Airport will be able to enjoy a touch of luxury before takeoff, thanks to a brand-new VIP terminal that’s set to open by the end of 2025....
https://knews.kathimerini.com.cy/en/news/nicosia-s-old-gsp-transformed-into-urban-park-ready-for-public-use
The long-awaited redevelopment of the old GSP site is nearly complete and is set to be handed over to the Nicosia Municipality in March.
...
https://knews.kathimerini.com.cy/en/news/cyprus-strikes-energy-deals-but-‘aphrodite-gas-delayed-until-2031
Last Friday marked the conclusion of long-running negotiations between the Republic of Cyprus and the consortium developing the Aphrodite gas field, led by U.S. energy giant Chevron. ...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-cancels-plan-to-sell-jcc-payment-systems
The process for the sale of JCC Payment Systems has been halted, bringing an end to the deal between JCC and Euronet that had been under consideration since the summer of 2024....
https://knews.kathimerini.com.cy/en/news/cyprus-and-egypt-join-forces-on-major-energy-projects
The Christodoulides administration places great strategic importance—both in terms of energy and geopolitics—on the President’s visit to Egypt....
https://knews.kathimerini.com.cy/en/business/cyprus-energy-landscape-shifts-as-eni-total-and-kogas-withdraw-from-blocks
The energy landscape of Cyprus' exclusive economic zone (EEZ) is set for a major shift as the French-Italian-Korean consortium of Total, ENI, and Kogas prepares to exit Blocks 2, 3, and 9 at the end of January....
https://knews.kathimerini.com.cy/en/news/cyprus-ends-gas-exploration-in-blocks-2-3-and-9-after-unsuccessful-results
The exploitation licences in blocks 2, 3 and 9 of the Cyprus Exclusive Economic Zone (EEZ) have expired and have not been renewed, as the exploration did not show exploitable natural gas deposits, Minister of Energy, Trade and Industry George Papanastasiou confirmed to the Cyprus News Agency (CYPE)....
https://knews.kathimerini.com.cy/en/news/old-gsp-redevelopment-nears-completion-set-to-transform-nicosia-s-historic-centre
The long-anticipated redevelopment of the old GSP stadium in the heart of Nicosia is set to be handed over to the public this month, marking a major step in the revitalization of the capital’s historic centre....
https://knews.kathimerini.com.cy/en/news/latchi-port-expansion-to-transform-polis-chrysochous
The long-anticipated expansion of Latchi Port, managed by the Cyprus Ports Authority, is once again gaining momentum. The project, considered a game-changer for Polis Chrysochous, promises to bring significant economic and social benefits to the region....
https://knews.kathimerini.com.cy/en/business/tiktok-goes-dark-in-the-us-what-happened-and-what-s-next
TikTok, the popular social media app, disappeared from U.S. app stores late Saturday night after a federal law banning its operation came into effect. ...
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/exxonmobil-to-begin-drilling-in-cyprus-eez-in-january-2025
ExxonMobil’s drilling rig is set to begin operations in Cyprus’ Exclusive Economic Zone (EEZ) in mid-January 2025, according to Energy Minister George Papanastasiou. The rig will target the "Electra" site in Block 5, with the drilling process expected to last approximately one month....
