https://knews.kathimerini.com.cy/en/news/new-home-sales-tumble-as-buyers-look-below-€300-000
Cyprus’ property market lost considerable ground in the second quarter of the year, with recorded sales of new-build apartments and houses falling by 42.2% and their total value dropping by 46.6%....
https://knews.kathimerini.com.cy/en/news/banks-in-the-occupied-areas-combine-high-growth-with-serious-risks
Recent regulatory shifts and reduced state reliance have reshaped the banking system in the occupied areas, though inflation topping 30% continues to drive major financial pressures....
https://knews.kathimerini.com.cy/en/business/paphos-airport-passenger-traffic-rebounds-despite-difficult-tourism-season
Paphos Airport recorded a 7% increase in passenger traffic in July compared with the same month last year, offering one of the clearest signs yet that travel demand is recovering after a difficult start to 2026....
https://knews.kathimerini.com.cy/en/news/cyprus-ranks-among-eu-top-three-for-ukrainians-under-temporary-protection
Cyprus ranked among the top three European Union countries for the number of Ukrainians receiving temporary protection relative to its population in June 2026, according to Eurostat data published Tuesday....
https://knews.kathimerini.com.cy/en/news/drousiotis-turns-to-public-for-donations-to-fund-legal-battle
Journalist Makarios Drousiotis has appealed to members of the public for financial assistance as he prepares to defend himself in several legal proceedings connected to his journalistic work....
https://knews.kathimerini.com.cy/en/business/the-rising-and-falling-cost-of-everyday-essentials
An uneven picture has emerged on supermarket shelves since the beginning of the year, with some products recording increases of up to 30%, while other basic products have become cheaper. ...
https://knews.kathimerini.com.cy/en/news/new-agriculture-minister-thrown-straight-into-the-deep-end
The new agriculture minister has been thrown straight into the deep end. Christos Senekis took over the ministry from Maria Panayiotou on Thursday at a time when livestock farmers are up in arms over unpaid compensation for animals culled because of foot-and-mouth disease. As things stand, one of Senekis' first meetings is likely to be with livestock farmers....
https://knews.kathimerini.com.cy/en/news/cyprus-calls-in-200-tiny-assassins-to-save-its-papoutsosyka
Cyprus has called in foreign reinforcements to save one of its most familiar summer sights....
https://knews.kathimerini.com.cy/en/news/oil-prices-tumble-but-when-will-cyprus-drivers-feel-it-at-the-pump
Cyprus drivers watching international oil prices tumble may be asking a familiar question: If oil is getting cheaper, when will petrol follow?...
https://knews.kathimerini.com.cy/en/news/the-sleepless-guardians-of-the-forest
Most fire lookout towers operate every day during periods of high fire danger, while several strategically located towers remain staffed around the clock....
https://knews.kathimerini.com.cy/en/news/workplace-accident-rate-in-cyprus-falls-for-eighth-straight-year
Cyprus recorded another year of improvement in workplace safety in 2025, with the rate of reported occupational accidents falling for the eighth consecutive year, according to the Labour Inspection Department of the Ministry of Labour and Social Insurance....
https://knews.kathimerini.com.cy/en/business/hotels-may-be-busy-but-cyprus-is-earning-far-less-from-tourism
The beaches are busy, hotel pools are full, and flights continue to arrive, but Cyprus' tourism industry is earning significantly less money than it did this time last year....
https://knews.kathimerini.com.cy/en/news/no-police-officers-to-face-charges-over-‘hairdresser-prison-escape
No police officers will face criminal or disciplinary action over the dramatic escape of convicted murderer Theodoros Theofanous, better known as ''The Hairdresser,'' authorities have confirmed....
https://knews.kathimerini.com.cy/en/news/cyprus-is-desperate-for-water-but-wasting-what-it-already-has
At a time when climate change is reshaping the way countries collect and manage water resources, Cyprus is facing a major contradiction: the island is struggling with water shortages while millions of cubic meters of treated wastewater remain unused....
https://knews.kathimerini.com.cy/en/business/cyprus-environmental-tax-revenue-reaches-€718-7-million
Environmental tax revenue in Cyprus reached €718.72 million in 2024, according to new figures released by Eurostat, as environmental tax receipts across the European Union increased to a record €371.9 billion....
https://knews.kathimerini.com.cy/en/business/cyprus-records-eu-s-second-largest-annual-drop-in-public-debt
Cyprus recorded the second-largest annual reduction in government debt among European Union member states during the first quarter of 2026, according to figures released by Eurostat on Tuesday....
https://knews.kathimerini.com.cy/en/news/cyprus-steps-up-efforts-to-crack-down-on-illegal-airbnb-rentals
The Deputy Ministry of Tourism is introducing a stricter operating framework while also preparing to implement the new European regulation. The goal is to create a complete registry of accommodations and improve oversight of the market....
https://knews.kathimerini.com.cy/en/news/nature-thrives-in-cyprus-s-forgotten-buffer-zone
The United Nations buffer zone in Cyprus, often called the "dead zone," has transformed over five decades of isolation into a thriving sanctuary for regional wildlife....
https://knews.kathimerini.com.cy/en/business/consumer-spending-remains-resilient-despite-the-war
Consumer spending in Cyprus remains resilient despite market uncertainty fueled by inflation and the conflict in the Middle East. Cypriots took advantage of the clearances that started around the end of June, focusing their shopping primarily on clothing and footwear....
https://knews.kathimerini.com.cy/en/news/cyprus-secures-eu-technical-approval-for-schengen
The Republic of Cyprus is on track to join the Schengen area, according to an EU technical evaluation presented to the competent Schengen Committee on June 26. Sources close to the matter indicate that the EU gave Cyprus a positive evaluation, describing it as technically ready for full participation in the Schengen area. ...
https://knews.kathimerini.com.cy/en/business/there-are-plenty-of-jobs-but-the-right-workers-are-missing
The mismatch between employers' needs and the available workforce presents a greater challenge than labor shortages in key sectors of the Cypriot economy because it negatively affects both business competitiveness and the efficient use of available workers....
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/cyprus-faces-severe-2030-electricity-shortage-without-vassilikos-gas-terminal
Cyprus faces a severe electricity deficit by 2030 unless the delayed natural gas terminal at Vassilikos is completed, Energy Minister Michalis Damianos told MPs on Tuesday....
https://knews.kathimerini.com.cy/en/business/cyprus-records-strongest-retail-sales-growth-in-the-eu
Cyprus recorded the strongest retail sales performance in the European Union in May, posting the fastest monthly and annual growth among member states, according to the latest figures released by Eurostat....
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/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/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/business/cyprus-picks-up-investment-momentum
Cyprus is maintaining a strong grip on investment interest, primarily due to its strategic geographic location, its well-developed professional services sector, and the attractive business environment it has built....
https://knews.kathimerini.com.cy/en/business/cyprus-climbs-the-global-competitiveness-rankings
Cyprus' economy is showing encouraging progress in competitiveness, ranking 42nd out of 70 economies in this year's IMD World Competitiveness Yearbook. The country improved by two places compared with last year, climbing from 44th in 2025....
https://knews.kathimerini.com.cy/en/news/when-the-numbers-look-good-but-life-doesn-t-feel-it
Cyprus has been recording economic growth rates in recent years that would make even some of Europe’s strongest economies take notice....
