https://knews.kathimerini.com.cy/en/business/cyprus-s-external-gap-widens-as-growth-holds-up
Cyprus’s economy continues to expand, but the widening imbalance in its external accounts deserves closer attention. The current account records earnings and payments between Cyprus and the rest of the world, covering trade, investment income and transfers (e.g., from the European Commission). The Central Bank of Cyprus’s revised figures put the 2025 deficit at 8.8% of GDP, compared with 6.4% previously reported (Figure 1). By contrast, the 2024 deficit was revised to 5.5% of GDP, down from 8.2% previously reported. These changes show that the gap widened in 2025, reversing the earlier picture of improvement. Figures for the first six months of 2026 show further pressure.
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https://knews.kathimerini.com.cy/en/comment/opinion/why-nothing-changes-in-cyprus
The other day, I watched Britain’s growth minister, Dan Tomlinson, give an outstanding interview on Sky News....
https://knews.kathimerini.com.cy/en/business/lidl-cyprus-ja-cyprus-training-mentors-in-sustainable-entrepreneurship-for-the-6th-cycle-of-‘mind-reset
Environmental awareness is cultivated from an early age, and education serves as the most powerful tool for shaping responsible attitudes and behaviours. Guided by this philosophy, Lidl Cyprus recently hosted a training session at the Lidl Food Academy for educators participating in the 6th cycle of the mind REset educational programme. The initiative is implemented in collaboration with Junior Achievement Cyprus, the Ministry of Education, Sport and Youth as an institutional partner, and is held under the auspices of the Ministry of Agriculture, Rural Development and Environment.
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https://knews.kathimerini.com.cy/en/comment/opinion/tourists-kept-coming-to-cyprus-so-why-did-hotel-profits-fall
Tourism directly accounts for 13% to 15% of Cyprus’ GDP, and more than 25% once we count the economic activity it supports along the way....
https://knews.kathimerini.com.cy/en/news/eu-pushback-does-little-to-slow-turkey-s-gas-pipeline-to-occupied-northern-cyprus
The European Union has responded weakly to plans for an undersea natural gas pipeline linking Turkey to occupied northern Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-must-hold-extra-capital-to-continue-lending-in-a-crisis
Markets are volatile, the war in the Middle East shows no sign of ending, and inflation continues to rise. The energy crisis is deepening concerns, while the prices of goods and fuel remain high. ...
https://knews.kathimerini.com.cy/en/comment/opinion/what-happens-when-you-can-no-longer-afford-your-own-neighborhood
Gentrification has come to Cyprus, too. Over the past few years, it has taken hold mainly in the coastal cities, where it has sent rents and home prices soaring....
https://knews.kathimerini.com.cy/en/news/cyprus-shoppers-bought-more-in-september-then-grew-less-confident
Drivers in Cyprus spent 29.3% more on fuel in September than they did a year earlier, even though they bought slightly less of it. At clothing and shoe shops, the picture was different. Sales rose 22.5% after adjusting for price changes....
https://knews.kathimerini.com.cy/en/news/pamboridis-says-disy-risks-repeating-2023-with-neofytou
''Either we turn the page or we remain hostage to the past,'' George Pamborides tells Kathimerini, setting out what he believes is at stake in the race for the Democratic Rally (DISY) nomination for the 2028 presidential election....
https://knews.kathimerini.com.cy/en/business/more-than-€1-billion-spent-on-measures-to-curb-rising-prices-since-2023
The Government has allocated more than €1 billion since 2023 to help households cope with rising living costs, Finance Minister Makis Keravnos said, pointing to five support packages introduced in response to imported inflation and the energy crisis....
https://knews.kathimerini.com.cy/en/business/cyprus-developers-oversee-€8bn-portfolio-as-efforts-to-attract-us-investors-gather-pace
Cyprus is stepping up efforts to attract American investment as developers oversee projects worth more than €8bn across the island. The Government's plans come alongside calls from the construction sector for faster approvals, regulatory improvements and more affordable housing....
https://knews.kathimerini.com.cy/en/news/turkey-offers-egypt-15-000-sq-km-of-mediterranean-waters-in-bid-to-secure-support-for-libya-deal
Turkey’s efforts to strengthen relations with Egypt are facing significant obstacles, with disagreements over maritime boundaries and competing interests in Libya limiting progress between the two countries....
https://knews.kathimerini.com.cy/en/news/cyprus-urges-eu-to-intervene-over-planned-turkey–occupied-areas-gas-pipeline
Nicosia is seeking help from Brussels as plans advance for a subsea, bidirectional natural gas pipeline between Turkey and the self-declared ''turkish republic of northern cyprus.''...
https://knews.kathimerini.com.cy/en/news/kronos-the-offshore-underdog-that-became-the-front-runner
Fifteen years after the first discovery of substantial hydrocarbon reserves in Cyprus’ exclusive economic zone, the Republic of Cyprus and Italian energy company Eni have taken their most significant step toward bringing the island into the ranks of energy-producing countries....
https://knews.kathimerini.com.cy/en/business/cyprus-china-trade-surges-26-to-$1-44-billion-in-2025
Cyprus-China bilateral trade reached $1.44 billion in 2025, rising by 26% as both countries seek to expand cooperation in investment, technology, tourism and renewable energy. The Cyprus-China Cooperation and Entrepreneurship Forum in Nicosia brought together business leaders and local officials to explore new commercial partnerships....
https://knews.kathimerini.com.cy/en/news/pamboridis-bets-he-can-unite-disy-—-but-will-averof-back-him
Giorgos Pamboridis outlined his vision and policy platform today at his first news conference since formally entering the race for Democratic Rally’s nomination for the 2028 presidential election....
https://knews.kathimerini.com.cy/en/news/lagarde-to-leave-ecb-early-opening-race-for-europe-s-top-banking-job
Christine Lagarde will step down as European Central Bank president on Feb. 7, 2027, leaving months before her term ends and setting off the search for a successor at the helm of the eurozone’s central bank....
https://knews.kathimerini.com.cy/en/business/cyprus-wants-companies-that-bring-more-than-a-registered-address
Attracting companies to Cyprus is one thing. Making sure they actually do business here and contribute to the economy is another....
https://knews.kathimerini.com.cy/en/news/cyprus-orders-second-patrol-ship-from-israel
The agreement to acquire a second offshore patrol vessel is simply the implementation of the original plan to strengthen the National Guard’s Naval Command with modern surface vessels....
https://knews.kathimerini.com.cy/en/news/kronos-deal-is-historic-but-cyprus-may-gain-little-expert-warns
Cyprus is closer than ever to exporting its own natural gas, but the financial benefits for the country could be much smaller than many hope, energy expert Charles Ellinas has warned....
https://knews.kathimerini.com.cy/en/business/gdp-growth-accelerates-in-q2-on-strong-consumption-and-investment
Despite the deterioration in the global economic environment following the outbreak of the US-Iran war, the Cypriot economy remained resilient in Q2 2026, with GDP growth accelerating to 3.3%YoY, from 3.0%YoY in the previous quarter. ...
https://knews.kathimerini.com.cy/en/comment/opinion/the-suffocation-of-young-people-in-cyprus-and-europe
Young people in Cyprus and across Europe face rising living costs, limited opportunities and growing disillusionment with political systems that fail to address their needs. Turning that frustration into meaningful change requires political engagement, clear demands and a willingness to challenge the status quo....
https://knews.kathimerini.com.cy/en/news/cyprus-signs-major-gas-deal-with-kronos-production-targeted-for-2028
Cyprus moved a step closer Monday to turning its offshore natural gas into an income source for the country, signing contracts worth up to $1.8 billion to develop the Kronos field....
https://knews.kathimerini.com.cy/en/news/israel-votes-and-cyprus-has-a-stake-in-what-comes-next
Israel’s parliamentary election on Oct. 27 comes amid profound domestic changes and significant shifts in the regional security landscape....
https://knews.kathimerini.com.cy/en/business/trouble-in-the-financial-shadows-is-cyprus-ready
When inflation began to run out of control in the 1970s, a provision of the Glass-Steagall framework, then approaching its 40th anniversary, began to make its presence felt in the markets....
https://knews.kathimerini.com.cy/en/life/europe-s-gen-z-takes-to-the-streets-why-is-cyprus-so-quiet
Gen Z uprisings in at least seven European countries have dominated international debate over the past week, drawing other age groups into mass demonstrations. ...
https://knews.kathimerini.com.cy/en/news/cyprus-income-gap-widens-as-eu-inequality-edges-down
Income inequality widened in Cyprus in 2025, moving in the opposite direction from the European Union as a whole, according to figures released Friday by Eurostat....
https://knews.kathimerini.com.cy/en/news/heating-fuel-tax-cut-takes-effect-but-mps-push-for-more-relief
Heating fuel taxes fall by 6.39 cents a liter from today, Oct. 23, giving households some relief before winter, although MPs warned that the reduction would only partly ease the pressure of rising energy costs....
https://knews.kathimerini.com.cy/en/business/indian-rupees-transactions-through-bank-of-cyprus
Transactions for businesses and individuals
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https://knews.kathimerini.com.cy/en/news/u-s-urges-talks-on-east-med-maritime-disputes-after-libya-backs-turkey-deal
The U.S. State Department is urging countries in the Eastern Mediterranean to resolve their maritime disputes through good-faith negotiations, a spokesperson told Kathimerini....
