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/news/government-spends-more-than-it-earns-as-deficit-grows
The Cypriot government spent nearly €143 million more than it brought in during the second quarter of 2026, as rising costs outpaced an increase in revenue, preliminary figures from the Statistical Service show....
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/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/news/state-saves-€20-million-a-year-on-new-hires-starting-pay
The state saves €20.1 million annually by reducing entry-level pay scales for new civil service hires by 10%. The Finance Ministry has no intention of abolishing or revising the measure, which applies for 24 months....
https://knews.kathimerini.com.cy/en/business/cyprus-defense-tech-industry-grows-but-can-it-turn-innovation-into-business
The number of defense technology companies in Cyprus is growing, creating a diverse ecosystem capable of developing new solutions as well as bringing existing technologies to market.
...
https://knews.kathimerini.com.cy/en/news/legal-snag-complicates-larnaca-port-and-marina-plans
The government is seeking a legal solution to keep Larnaca’s port and marina redevelopment moving, after the Legal Service said the marina’s development must go to an open tender rather than be assigned directly to the Cyprus Ports Authority....
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/retire-at-63-the-pension-penalty-remains-a-sticking-point
The government has signaled a willingness to compromise on pension reform, revising its draft bill with three changes that offer concessions to unions and employers....
https://knews.kathimerini.com.cy/en/news/build-first-get-permission-later-auditor-warns-planning-exceptions-are-becoming-the-rule
An examination of planning permits granted as exceptions to development plans has led the auditor general to uncover troubling practices that threaten to establish a second, parallel approval system....
https://knews.kathimerini.com.cy/en/news/new-home-sales-jump-nearly-50-with-most-buyers-staying-below-€300-000
Cyprus’ new-home market posted gains on two fronts in the third quarter, with both sales and their combined value rising, according to an analysis by Landbank Analytics....
https://knews.kathimerini.com.cy/en/news/john-christodoulou-weighs-presidential-run-citing-bills-wages-and-safety
Wages that fail to keep up with bills, families struggling to afford the basics and people feeling unsafe in their neighborhoods: businessman John Christodoulou says these are among the reasons he is seriously considering running for president....
https://knews.kathimerini.com.cy/en/news/more-time-to-file-your-cyprus-tax-return-without-extra-charges
If your 2025 tax return is still sitting on your to-do list, there is some breathing room: Cyprus’ Tax Department says you can file and pay by Nov. 30, 2026, without interest or financial charges....
https://knews.kathimerini.com.cy/en/news/digital-agenda-cyprus-summit-2026-talks-now-available-on-youtube
Talks from the Digital Agenda Cyprus Summit 2026, held Oct. 14 at the Nicosia Municipal Theatre, are now available on the DOOS Streaming Cyprus YouTube channel, giving viewers the opportunity to revisit this year’s presentations and discussions....
https://knews.kathimerini.com.cy/en/news/a-decent-salary-an-empty-account-living-from-payday-to-payday
Payday arrives, and for a moment, the bank balance looks reassuring. Then the bills start coming out....
https://knews.kathimerini.com.cy/en/news/1-macron-refuses-minister-s-exit-as-france-counts-the-cost-of-riots
France’s interior minister offered to resign. President Emmanuel Macron told him to stay. After a weekend of burning buildings, looted shops and thousands of arrests, the government begins Monday under pressure to explain how protests turned into widespread violence, and what it will do next....
https://knews.kathimerini.com.cy/en/news/the-illusion-of-cheap-fuel
The political paradox is that the state funds a public transport system that has failed to become a sufficiently reliable alternative for much of the population....
https://knews.kathimerini.com.cy/en/news/which-goods-and-services-are-eating-into-household-incomes
Prices across several essential categories of goods and services have risen over the past four years, eating further into household budgets. With the sharpest annual increases now seen in transport, housing, energy and fuel, inflation remains firmly in the picture, steadily eroding households’ purchasing power....
https://knews.kathimerini.com.cy/en/news/bank-staff-offered-bigger-payouts-to-leave-due-to-inflation
Inflation and the cost of living are undoubtedly on the rise, but payouts to bank employees taking voluntary retirement appear to be cushioning much of the impact....
https://knews.kathimerini.com.cy/en/business/cyprus-ship-registry-grows-27-as-island-courts-japanese-shipping
A ship does not have to sail into Limassol to have a connection to Cyprus. By registering under the Cyprus flag, shipowners choose the island as their vessel’s legal home, bringing business to a maritime sector that extends well beyond the waterfront....
https://knews.kathimerini.com.cy/en/news/nina-schick-the-greatest-risk-for-cyprus-is-remaining-a-passive-consumer-of-artificial-intelligence
With a career that has brought her close to the most influential centres of political and technological decision-making in the United States and Europe, Nina Schick is now ranked among the world’s top 20 speakers on artificial intelligence....
https://knews.kathimerini.com.cy/en/news/artificial-intelligence-at-the-heart-of-a-new-global-power-struggle
The global struggle for power in artificial intelligence, and its implications for work, the economy, innovation and geopolitics, took centre stage at the Digital Agenda Cyprus Summit 2026, held on Wednesday, October 14, at the Nicosia Municipal Theatre. This year’s theme was “AI Wars – Challenging the Balance of Power: Life, Work, Country, Region”....
https://knews.kathimerini.com.cy/en/comment/opinion/a-crisis-within-a-crisis-at-the-tourism-ministry
Although the crisis facing Cyprus's tourism sector may have ultimately ended on a positive note, with last-minute bookings coming to the rescue, tensions within the Deputy Ministry of Tourism were running high at the time. According to information we have received, employees were on the verge of revolt and strike action. ...
https://knews.kathimerini.com.cy/en/news/max-nikias-where-you-start-does-not-determine-how-far-you-can-go
From a small village in Cyprus to the presidency of one of the leading universities in the United States, Chrysostomos Loizos Nikias, better known as C.L. Max Nikias, has followed a path connecting science with leadership and education with innovation....
https://knews.kathimerini.com.cy/en/news/will-artificial-intelligence-lead-us-into-war
The US-China rivalry, warnings about Europe falling behind, and the possibility of a major war took center stage in remarks by Nina Schick and Max Nikias, as well as the discussion at Digital Agenda Cyprus 2026....
https://knews.kathimerini.com.cy/en/news/from-no-specialist-service-to-an-82-cure-rate-loizos-loizou-s-legacy-in-cyprus
Professor Loizos Loizou has been recognised at this year’s Digital Agenda Cyprus conference for his role in developing specialist cancer care for children in Cyprus, where reported cure rates have reached approximately 82%....
https://knews.kathimerini.com.cy/en/business/cost-of-living-soars-as-nicosia-seeks-european-breathing-room
The energy crisis and rising living costs have forced governments to scramble to keep up with support measures for businesses and households. With external factors driving prices higher showing no signs of improvement and conditions instead getting worse, Cyprus is calling for countries with sound economic indicators to be given greater fiscal flexibility to provide financial support....
https://knews.kathimerini.com.cy/en/news/limassol-to-launch-campaign-encouraging-more-people-to-use-public-transport
The government plans to encourage more people to use buses as part of efforts to tackle severe traffic congestion in Limassol, with the Transport Ministry preparing a public information campaign and reviewing existing services to identify where improvements are needed....
https://knews.kathimerini.com.cy/en/business/cyprus-s-import-bill-races-ahead-as-trade-gap-widens-by-€820-million
From the fuel in our cars to the goods arriving on shop shelves, Cyprus buys far more from abroad than it sells overseas. That gap has grown by almost €820 million in a year....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus–cdbbank-deal-nears-completion-after-staff-exit-scheme
Bank of Cyprus’ acquisition of cdbBank is on course for a successful conclusion after cdbBank met a key condition of the agreement: implementing a voluntary retirement scheme (VRS)....
