https://knews.kathimerini.com.cy/en/business/imported-wine-squeezes-cyprus-market
According to Kathimerini reporter, Andreas Karamitas, wine marketing in Cyprus boasts an annual turnover of approximately €7 million, a sum primarily fueled by domestic consumption rather than exports, which only account for around €1 million. ...
https://knews.kathimerini.com.cy/en/business/hellenic-set-to-acquire-cnp-in-multimillion-euro-deal
Everything appears to be proceeding smoothly, and it seems that CNP Cyprus will soon be under the ownership of Hellenic Bank....
https://knews.kathimerini.com.cy/en/news/baltimore-turns-to-container-owners-for-ship-salvage-funds
The owner and manager of the massive container ship that took down the Francis Scott Key Bridge last month should be held fully liable for the deadly collapse, according to court papers filed Monday on behalf of Baltimore’s mayor and city council....
https://knews.kathimerini.com.cy/en/news/uk-prime-minister-confirms-delay-in-rwanda-deportation-flights
The Rwanda deportation scheme will not begin until the summer, Rishi Sunak admitted on Monday, acknowledging a further delay to the policy even as MPs and peers began debating it for the final time....
https://knews.kathimerini.com.cy/en/news/minister-stands-against-early-fees-for-great-sea-interconnector
Cypriot electricity consumers should not be burdened with a surcharge before the operation of the electricity interconnector linking Greece and Cyprus and the consequent reduction of electricity costs, Minister of Energy, Commerce and Industry George Papanastasiou said on Monday....
https://knews.kathimerini.com.cy/en/news/rutland-reveals-first-ever-statue-of-queen-elizabeth-ii
A statue of Queen Elizabeth II, thought to be the first permanent memorial to the late monarch, has been unveiled in Rutland....
https://knews.kathimerini.com.cy/en/news/nicosia-ring-road-faces-setbacks-delays-and-budget-overruns
The Nicosia Ring Road project, a cornerstone of infrastructure development in Cyprus, has encountered significant setbacks, including delays and budget overruns, casting a shadow over its completion prospects and anticipated benefits, according to a report by Apostolos Tomaras in Kathimerini's Sunday edition....
https://knews.kathimerini.com.cy/en/news/europe-s-heat-related-deaths-surge-by-30-in-20-years-report-finds
Scorching weather has baked Europe in more days of “extreme heat stress” than its scientists have ever seen....
https://knews.kathimerini.com.cy/en/news/summer-optimism-in-cyprus-tourism-despite-regional-uncertainty
Tourism in Cyprus soared last March, boasting a 9.8% increase, welcoming 202,256 travelers. From January to March 2024, arrivals hit 415,251, marking a 5.4% rise....
https://knews.kathimerini.com.cy/en/news/famagusta-s-tourism-success-development-struggles
Famagusta Province in Cyprus boasts the highest tourism revenue contribution nationwide, but falls short in infrastructure development and enhancement projects....
https://knews.kathimerini.com.cy/en/news/mfa-audit-uncovers-misuse-of-public-funds-and-abuse-of-power
A recent audit conducted by the Audit Service of the Ministry of Foreign Affairs (MFA) has revealed instances of misappropriation of public money and abuse of power spanning the years 2021 and 2022....
https://knews.kathimerini.com.cy/en/business/tensions-mount-over-great-sea-interconnector
The Greek Energy Minister, Theodoros Skylakakis, expressed frustration at the Delphi Economic Forum regarding the tactics employed by the Cypriot government concerning the final investment decision on the Great Sea Interconnector power cable. ...
https://knews.kathimerini.com.cy/en/business/greek-workers-strike-paralyzes-transport-services
In Greece, transport services came to a standstill on Wednesday as workers across various sectors participated in a 24-hour strike, demanding higher pay to offset the increasing cost of living...
https://knews.kathimerini.com.cy/en/news/4-000-lives-lost-in-a-single-blast
In the midst of conflict, even the most unexpected victims are not spared from tragedy, as evidenced by the devastating impact on IVF embryos in Gaza. ...
https://knews.kathimerini.com.cy/en/news/middle-east-conflict-fuels-fear-of-$100-per-barrel
The recent Iranian attack on Israel serves as a stark reminder of the ever-shifting geopolitical dynamics in the Middle East, with potential ramifications extending......
https://knews.kathimerini.com.cy/en/news/astrobank-s-record-breaking-year-€30-4m-in-profits-for-2023
AstroBank reported Profit After Tax of €30.4 million for 2023, representing a return on equity (RoE) of 13.9%, compared with €12.2 million and RoE of 6.2% for 2022, achieving an increase on profit of 150%, mainly due to increased interest income....
https://knews.kathimerini.com.cy/en/news/four-seasons-yachts-plans-130-port-visits-in-30-countries
In the bustling cruise market, Four Seasons Yachts has made a splash, unveiling its inaugural vessel flaunting 95 opulent suites and set to embark on its maiden voyage come January 2026....
https://knews.kathimerini.com.cy/en/news/cyprus-implements-plan-b-to-curb-surge-in-syrian-refugees
Cyprus has taken decisive action to manage the increasing flow of Syrian refugees seeking asylum, according to reliable sources. ...
https://knews.kathimerini.com.cy/en/news/limassol-marathon-800-runners-from-75-countries
Deputy Minister of Tourism Costas Koumis hailed the recent OPAP Limassol Marathon as a significant boost for Cyprus, as over 800 runners participated in the event. ...
https://knews.kathimerini.com.cy/en/business/what-economic-headlines-are-making-waves-this-week
Amidst a backdrop of economic shifts and global challenges, a series of key developments are shaping the financial landscape. ...
https://knews.kathimerini.com.cy/en/news/european-elections-add-twist-to-cyprus-polls
On June 9, Cyprus goes to the polls in the most complicated elections in its history as the European elections and the local government elections are held in parallel, following the reform passed by the Parliament....
https://knews.kathimerini.com.cy/en/comment/opinion/gaza-s-wounds-deepen-amidst-humanitarian-crisis
The ongoing conflict in Gaza offers little novelty to seasoned observers of conflicts, especially within the tumultuous landscape of the Middle East's Arab-Israeli tensions....
https://knews.kathimerini.com.cy/en/business/epic-business-one-is-here-to-solve-every-communication-need-of-your-business
Every business has some basic needs, regardless of size and type. These needs come in addition to the already significant demands and challenges that an entrepreneur may face when managing their business....
https://knews.kathimerini.com.cy/en/news/israel-fast-tracks-sea-interconnector-project
Israel’s authorities requested the acceleration of procedures for the implementation of the Great Sea Interconnector project (Greece-Cyprus-Israel), in the section of the Cyprus-Israel power linkup....
https://knews.kathimerini.com.cy/en/news/turkey-blocks-exports-to-israel-amid-gaza-conflict
Turkey announced it's blocking exports of 54 different product categories to Israel until a ceasefire is declared in Gaza. This move comes as a response to Israel's military operations in Gaza....
https://knews.kathimerini.com.cy/en/business/businesses-turn-to-banks-amid-funding-crunch
In 2023, businesses encountered a tough road ahead when it came to securing loans, as costs continued to climb....
https://knews.kathimerini.com.cy/en/news/cyprus-president-returns-from-lebanon-with-promises-fulfilled
President Nikos Christodoulides' whirlwind journey to Beirut has drawn to a close, yet the true test of its impact lies on the horizon, amidst the waves. ...
https://knews.kathimerini.com.cy/en/news/thousands-of-students-whereabouts-unknown-in-occupied-territories
An investigation conducted by a parliamentary committee in the occupied territories has unveiled a concerning reality: between 4,000 to 10,000 individuals with student status remain unaccounted for, as reported by the "immigration department."...
https://knews.kathimerini.com.cy/en/news/lebanon-to-cyprus-$3000-per-person-for-the-deadly-journey
The security authorities of the Republic were not oblivious to the presence of networks smuggling illegal immigrants westwards through Cyprus, ...
https://knews.kathimerini.com.cy/en/news/chevron-s-new-proposal-for-aphrodite
March 31 marked the end of the three-month deadline given by Nicosia to the US company Chevron, a key partner in the joint venture for the development of Block 12 ...
