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511. Cyprus aims for cheaper electricity with competitive market by 2025

The government is ramping up efforts to bring down electricity costs for households and businesses by July 2025 through the introduction of a competitive electricity market, Energy Minister George Papanastasiou announced on Tuesday. ...

512. 2025: A new chapter for Cyprus’s property market

2024 was both literally and figuratively a leap year. Metaphorically speaking, we anticipated this shift a year ago as we reflected on 2023 and made our predictions for the year ahead....

513. Greek and Turkish Cypriot experts unite to combat island-wide plant diseases

Greek and Turkish Cypriot experts are working together to stop the spread of harmful plant diseases that are affecting crops across the whole island. ...

514. 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....

515. Europe’s salary showdown

Curious about which European countries are paying the best?...

516. The 26-foot snowman crafted from 2,500 wine bottles (pictures)

Visitors are flocking to what some call Britain’s most festive pub to marvel at its latest seasonal spectacle—a massive 26-foot snowman crafted from 2,500 empty wine bottles....

517. Cyprus risks losing grip on 'interconnector' amid French power move

A reported agreement between Greece’s ADMIE and French investment fund Meridiam could alter the energy landscape of the Eastern Mediterranean, especially for Cyprus....

518. Bank of Cyprus rolls out support measures for vulnerable groups

After a tense voting session last week, when the bill to tax bank profits narrowly failed to pass in Parliament, the Bank of Cyprus seems to be stepping up with measures aimed at helping vulnerable communities across the island. ...

519. Consumer Service: Price reductions in 39 product categories

The Consumer Protection Service announces the Consumer Product Price Observatory for November 2024....

520. Paphos Mayor sounds alarm over suspected €30M GESY fraud

The mayor of Paphos, Phedonas Phedonos, has raised serious concerns about the possible misuse of public funds related to the medical procedure known as neurolysis....

521. Panagiotou: Best labor market performance in the last 15 years

The labor market in 2024 is achieving its strongest performance in the past 15 years, driven by increased job creation, employment growth, reduced unemployment, and rising wages....

522. Concerns from the EIB regarding the electric cable project

Critical questions surrounding the electrical interconnection of Cyprus with the European electricity network through Greece have been raised in a letter from the Chamber of Engineers (ETEK) to the Ministry of Energy....

523. Thank God for GESY!

The recent news surrounding the murder of United Healthcare CEO Brian Thompson and the arrest of Luigi Mangione, the suspected shooter, has sparked an intense debate. As an American who grew up in Los Angeles and now calls Cyprus home, I find the entire case deeply thought-provoking, especially in light of my own personal experiences with healthcare systems....

524. Once again this Christmas, Lidl Cyprus supports the valuable work of the Cyprus Anti-Cancer Society

525. Miniature therapy horses in Greece bring joy despite struggles

A shy smile spreads across 9-year-old Josifina’s face as she strokes a tiny gray horse....

526. Moody’s Nick Hill on financial risks and opportunities for 2025

In an insightful conversation with Kathimerini's Panayiotis Rougalas, Nick Hill discusses the key macroeconomic risks and opportunities facing the region in 2025....

527. Stella Michaelidou, AIDS NGO president, arrested in alleged €122K fraud case

Police have arrested Stella Michaelidou, the 66-year-old president of the Support Centre for People Living with HIV/AIDS (K.Y.F.A.A.), amid serious financial fraud charges....

528. Geopolitical turbulence presents a looming threat to 2025 economic growth

Speaking at the 20th Economist Conference in Nicosia, Nick Hill highlighted the macroeconomic and geopolitical challenges shaping the global financial environment....

529. Hellenic Bank CEO Michalis Louis on merger plans and Cyprus' future

According to Kathimerini's Panayiotis Rougalas, Michalis Louis, in his first interview since becoming CEO of Hellenic Bank, discussed the challenges and opportunities ahead, especially in the context of the bank’s merger plans and its strategies for growth....

530. City engineers investigate balcony collapse in Neapolis

The Limassol Municipality has issued warnings to 400 buildings for necessary repairs, with 130 of them officially declared dangerous....

531. Potato prices skyrocket sparking long lines in occupied areas

Potatoes have become the talk of the town in Cyprus, but not for the usual reasons. ...

532. Ministry mulls subsidies for 'vulnerable' boat owners amid Marina fee dispute

The Ministry of Transport, Communications, and Works is considering subsidies for "vulnerable" boat owners, sparking a mix of curiosity and skepticism over who qualifies as "vulnerable" in this context....

533. Nationally funded research project DYNAMO to redefine energy sharing within communities

The first meeting of the consortium for the DYNAMO project (Decentralized Energy Management Platform for Smart Communities) was recently held, launching the project which aims to redefine energy sharing and transactions within communities....

534. Affordability, Urbanization, and Sustainability: How Real Estate in Cyprus, Greece, and Romania Will Evolve by 2029

The next five years will redefine the real estate markets of Cyprus, Greece, and Romania....

535. Housing crisis looms as Limassol property prices skyrocket (video)

Limassol has seen a dramatic surge in property prices over the past five years, with rents and home prices doubling—and in some cases, tripling....

536. Cybersecurity and ICT risks emerge as leading drivers of operational risk

Geopolitical tensions have significantly increased operational risks, particularly in the areas of cyber and digital threats, as well as risks related to money laundering and sanctions compliance....

537. Government expands subsidized electricity rates for vulnerable households

The Cyprus Electricity Authority (EAC) announced an important update regarding its special household tariff for vulnerable consumers, known as Code 08...

538. Cyprus strengthens military strategy with focus on US armaments

Cyprus has been making strategic shifts in its military and diplomatic approach, particularly with regard to its relationship with NATO and its defense infrastructure, according to an article by Apostolos Tomaras in this Sunday's Kathimerini. ...

539. Why the NATO debate is still a divisive issue in Cyprus

The NATO debate in Cyprus has always been polarizing. Unlike the real debate on membership in the North Atlantic Alliance—which requires preconditions and an invitation, not just an "application"—...

540. Cyprus receives major credit rating boost from Moody’s

Last Friday, Moody’s delivered a major endorsement of Cyprus’ economic progress, upgrading its credit rating by two notches, from Baa2 to A3, with a stable outlook, according to a report by Panayiotis Rougalas. ...