https://knews.kathimerini.com.cy/en/business/cyprus-mountain-resorts-see-revival-with-government-s-hotel-upgrades
Cyprus' mountain resorts are seeing a business boom, thanks to a government-backed subsidy scheme aimed at upgrading hotels and tourist accommodations. ...
https://knews.kathimerini.com.cy/en/news/huge-€380-million-development-planned-by-metropolitan-of-limassol
A bold €380 million development project in the Municipality of Amathus and the nearby Agios Athanasios district is set to transform the area, as revealed by the environmental study recently submitted by the Metropolis of Limassol....
https://knews.kathimerini.com.cy/en/business/eurobank-moves-for-full-control-of-hellenic-bank-in-major-takeover-push
February is shaping up to be a pivotal month for Hellenic Bank, as key financial moves unfold, including a full takeover bid by major shareholder Eurobank, the completion of key acquisitions, and a voluntary exit plan for employees....
https://knews.kathimerini.com.cy/en/news/homeless-man-fined-for-breaking-into-larnaca-social-services-office
A 25-year-old homeless man who broke into a Social Services office in Larnaca to find shelter was fined €300 after pleading guilty to unlawful entry and malicious damage....
https://knews.kathimerini.com.cy/en/business/trump-hints-at-new-tariffs-on-eu-imports-as-trade-tensions-escalate
US President Donald Trump has suggested that the European Union (EU) could be the next target of US tariffs, following the imposition of 25% levies on imports from Mexico, Canada, and China....
https://knews.kathimerini.com.cy/en/business/nasdaq-listed-freedom-24-is-making-its-mark-in-cyprus-and-beyond
When Timur Turlov, the CEO of Freedom Holding Corp., set his sights on Cyprus, he saw more than just a financial hub—he saw opportunity. In a market where fintech companies are staking their claims, ...
https://knews.kathimerini.com.cy/en/business/cyprus-central-bank-sets-interest-rate-limits-to-protect-consumers
The Central Bank of Cyprus (CBC) has announced that the official reference interest rate will be set at 11.50%. This means that banks and other lenders in Cyprus must not charge higher rates than this when offering loans, extending payment terms, or renewing loans. ...
https://knews.kathimerini.com.cy/en/news/cyprus-tax-reform-aiming-for-innovation-sustainability-and-simplicity
A major tax reform is underway in Cyprus as part of the Tax Transformation Project, led by the Centre for Economic Research (CER) at the University of Cyprus. ...
https://knews.kathimerini.com.cy/en/business/cyprus-ended-2024-with-a-banking-boom-as-loans-and-deposits-surged
Cyprus closed out 2024 with a surge in banking activity, as both loans and deposits saw substantial increases, according to the latest data from the Central Bank of Cyprus (CBC). ...
https://knews.kathimerini.com.cy/en/news/christodoulides-unveils-ambitious-plans-in-state-of-the-union-address
President Nicos Christodoulides has outlined a sweeping reform plan for 2025, aiming to enhance governance, strengthen security, and accelerate digital transformation. ...
https://knews.kathimerini.com.cy/en/news/cyprus-housing-is-in-crisis-as-foreign-buyers-take-over-the-market
As housing becomes an increasingly pressing issue for the majority of Cypriots, Parliament is opening up a debate on the surge in real estate purchases by third-country nationals....
https://knews.kathimerini.com.cy/en/comment/opinion/a-green-planet-with-india-leading-the-way
Climate Change is a defining challenge of our times but as the world hurtles toward an escalating climate crisis, India is stepping into a global leadership role to tackle climate change. ...
https://knews.kathimerini.com.cy/en/news/100-tax-on-foreign-buyers-in-spain
Spain’s Prime Minister Pedro Sanchez has proposed bold measures to address the country’s housing crisis, including a 100% tax on homes purchased by non-EU foreigners....
https://knews.kathimerini.com.cy/en/news/1-cyprus-moves-closer-to-energy-independence-as-drilling-begins-in-block-5
Excitement is building as drilling in Block 5 of Cyprus’ exclusive economic zone (EEZ) officially began on Friday. President Nikos Christodoulides announced the development with enthusiasm, highlighting its potential to position Cyprus as a key player in the European energy market....
https://knews.kathimerini.com.cy/en/news/long-awaited-highway-finally-on-track-with-€330-million-price-tag
The long-delayed Polis Chrysochous-Paphos highway project, now estimated to cost a staggering €330 million, is finally moving forward with a completion target set for 2030-2032....
https://knews.kathimerini.com.cy/en/business/new-lending-boosted-by-interest-rates-and-government-plans
A favorable landscape for Cypriot borrowers is taking shape in 2025, laying the groundwork for a strong year in new lending....
https://knews.kathimerini.com.cy/en/news/water-crisis-looms-for-paphos-farmers
The Ministry of Agriculture is ramping up efforts to tackle water shortages in Paphos and ensure farmers have enough resources to sustain their crops. ...
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/news/oroklini-to-receive-major-€12-million-upgrade-with-new-projects
Oroklini, a growing community near Larnaca, is gearing up for a major transformation, with a series of exciting projects set to enhance the area. ...
https://knews.kathimerini.com.cy/en/business/greek-companies-dominate-cyprus-market-with-expanding-investments
In recent years, a wave of Greek companies has been making significant strides in Cyprus, investing across various sectors and expanding their reach....
https://knews.kathimerini.com.cy/en/business/dimitra-shareholders-face-tough-decision-over-logicom-s-€1-55-offer
The decision facing thousands of shareholders of Dimitra Investment is not an easy one....
https://knews.kathimerini.com.cy/en/news/greek-ing-the-system-trump-s-greek-american-allies-shape-u-s-policy
Donald Trump’s administration is certainly influenced by several Greek Americans who are playing key roles in shaping U.S. policies. As Trump gets ready to be sworn in for his second term, these Greeks are not only helping to execute his vision but also ensuring that the U.S.-Greece relationship remains strong....
https://knews.kathimerini.com.cy/en/news/funeral-parlors-accused-of-paying-bribes-for-bodies
Licensed funeral parlor owners in Cyprus are raising alarm over what they describe as an alarming trend of illegal funeral homes bribing hospital workers to secure the bodies of the deceased. ...
https://knews.kathimerini.com.cy/en/news/turkish-airlines-‘pet-lounge-gives-furry-travelers-first-class-perks
It seems Turkish Airlines is tired of its furry passengers feeling left out of the first-class treatment. The airline, which already prides itself on flying to more countries than any other, just rolled out a ‘Pet Lounge’ at Istanbul Airport....
https://knews.kathimerini.com.cy/en/news/trump-s-tariff-plans-could-hurt-cyprus-economy
The looming inauguration of U.S. President-elect Donald Trump has stirred concern across the Eurozone, and Cyprus is no exception....
https://knews.kathimerini.com.cy/en/news/paphos-polis-motorway-project-faces-€10-million-cost-increase-and-delays
The budget for the design and construction of the Paphos-Polis Chrysochous Motorway has risen by €10 million, with the total cost now estimated at approximately €95 million. ...
https://knews.kathimerini.com.cy/en/business/eurobank-sells-€27m-stake-in-demetra-holdings
In a significant financial move, Eurobank announced the completion of the sale of its 8.58% stake in Demetra Holdings Plc to Logicom Services Limited. The deal, finalized on January 16, 2025, involved the sale of 17,152,353 shares at €1.55 per share, totaling approximately €27 million....
https://knews.kathimerini.com.cy/en/news/cyprus-smashes-tourism-records-with-over-4-million-visitors-in-2024
Cyprus is celebrating a record-breaking year for tourism, with 2024 marking the first time the island welcomed over four million visitors. A total of 4,040,200 tourists arrived last year, surpassing the previous record of 3,976,777 set in 2019. ...
https://knews.kathimerini.com.cy/en/comment/opinion/why-are-cypriot-businesses-being-sold-off-to-foreign-interests
Greek businesses have made a significant impact on the Cypriot market, investing across virtually every sector—from real estate and hospitals to supermarkets, toy stores, energy, electronics, car dealerships, and even banks....
https://knews.kathimerini.com.cy/en/news/golden-passport-scandal-trial-postponed-for-ex-minister-and-associates
The high-profile case involving naturalizations under the Cyprus Investment Program has been postponed, with proceedings now set to resume on March 18, 2025....
