https://knews.kathimerini.com.cy/en/news/european-prosecutors-freeze-greek-assets-in-€115m-cyprus-linked-vat-case
European prosecutors have frozen property and vehicles in Greece belonging to five people linked to an alleged multi-million-euro VAT fraud built around iPhone trading. The European Public Prosecutor’s Office estimates the unpaid tax at €115.5 million, with the bulk arising in Sweden....
https://knews.kathimerini.com.cy/en/news/greece–cyprus-power-cable-moves-toward-fresh-surveys-as-turkey-watches
Nexans, the French contractor responsible for the Greece–Cyprus electricity interconnection, known as the Great Sea Interconnector (GSI), has also asked the Republic of Cyprus authorities to issue the permits needed to conduct surveys....
https://knews.kathimerini.com.cy/en/news/eight-bidders-€180-million-and-a-second-chance-for-cyprus-stalled-gas-terminal
Eight bidders, €180 million and one second chance for Cyprus’ failed gas terminal. The government is trying again to finish Vasiliko, a project meant to help bring down electricity costs that has instead become a costly lesson in delays....
https://knews.kathimerini.com.cy/en/news/heavy-rain-batters-limassol-and-paphos-as-orange-warning-remains-in-force
Heavy rain and thunderstorms have caused disruption across Limassol and Paphos, with electricity faults, flooded roads, rockfalls and reduced visibility reported as severe weather sweeps across Cyprus....
https://knews.kathimerini.com.cy/en/business/the-road-to-completing-the-vasilikos-projects-is-fraught-with-obstacles
Cyprus’s long-delayed Vasilikos LNG terminal could become operational by 2030, but finding a reliable contractor and resolving technical, financial and legal challenges remain key hurdles. Eight companies have expressed interest in completing the project, which stalled after the collapse of the contract with Chinese consortium CPP-METRON....
https://knews.kathimerini.com.cy/en/news/mp-attacks-slow-reconstruction-of-refugee-housing-after-rent-bill-hits-€6-million
The government’s handling of the Ktizo housing scheme has come under fire after DIKO MP Zacharias Koulias questioned whether the programme’s remaining apartment blocks will ever be completed under the current approach....
https://knews.kathimerini.com.cy/en/news/tel-aviv-stock-exchange-considers-buying-cyprus-stock-exchange
The Tel Aviv Stock Exchange is taking a serious look at buying the Cyprus Stock Exchange (CSE). Israeli financial publication Calcalist reports that the exchange, headed by Itay Ben Zeev, intends to participate in a tender to be launched by the Cypriot government for the exchange’s privatization....
https://knews.kathimerini.com.cy/en/news/six-intruders-threaten-couple-with-knives-in-limassol-home-robbery
Six intruders entered a couple’s home in Limassol early Thursday, threatened them with knives and stole cash and jewelry worth an estimated €205,000, according to preliminary information being investigated by police....
https://knews.kathimerini.com.cy/en/business/chess-is-set-to-receive-30-million-euros-over-four-years-this-is-the-plan-of-the-new-fide-president-timur-turlov
On 26 September, at the Congress of the International Chess Federation (FIDE) in Samarkand, a new president was elected. The post was taken by 38-year-old Timur Turlov, founder and CEO of Freedom Holding. Over the next four years, he is prepared to invest around €30 million in the development of chess. This money will go towards creating a global ecosystem that will cater to both grandmasters and the millions of enthusiasts of this ancient game. What changes lie ahead for the world of chess?
...
https://knews.kathimerini.com.cy/en/news/could-europe-s-‘native-populations-become-minorities-new-model-makes-a-striking-claim
Could people classified as ''native'' become a minority in some European countries within a generation?...
https://knews.kathimerini.com.cy/en/business/start-your-next-shop-from-your-fridge-lidl-cyprus-powerful-campaign-to-reduce-food-waste
A year after the "Our Strength" campaign, the company returns on the International Day of Awareness of Food Loss and Waste with a simple yet highly significant message for its customers—one that saves money and contributes substantially to reducing food waste.
...
https://knews.kathimerini.com.cy/en/life/not-sleeping-well-4-sleep-disorders-that-often-go-unnoticed
Waking up tired, feeling excessively sleepy during the day, or regularly struggling to fall asleep does not necessarily mean you simply need “a little more sleep.” In some cases, persistent fatigue can be linked to an actual sleep disorder....
https://knews.kathimerini.com.cy/en/news/installed-but-not-connected-school-air-conditioners-turned-on-and-off-to-prevent-electrical-overload
The Audit Office has identified serious problems with the long-running project to install air conditioners in schools....
https://knews.kathimerini.com.cy/en/news/filling-the-heating-oil-tank-could-cost-€650-more-this-winter
Winter has not properly arrived yet, but the bill is already beginning to take shape....
https://knews.kathimerini.com.cy/en/news/ukraine-eyes-porn-decriminalisation-as-new-source-of-war-tax-revenue
Ukraine is considering a surprising way to bring more money into state coffers as it continues funding its war against Russia: decriminalising pornography and taxing the industry....
https://knews.kathimerini.com.cy/en/business/tourism-chief-says-cyprus-weathered-the-crisis-and-is-ready-for-a-2027-comeback
Deputy Tourism Minister Kostas Koumis spoke openly to Kathimerini about the state of tourism, the handling of the crisis, the external factors affecting the industry, and the outlook for 2027....
https://knews.kathimerini.com.cy/en/news/cost-of-living-squeeze-shows-no-sign-of-slowing
Consumers will face a heavy burden in the coming months, as a new wave of price increases is expected to add to the already high cost of essential goods, putting even greater pressure on household budgets....
https://knews.kathimerini.com.cy/en/news/asylum-claims-fall-across-europe-but-cyprus-still-carries-twice-the-average-load
Asylum applications may be falling across Europe, but the pressure is not being felt equally, and Cyprus remains close to the top of the list....
https://knews.kathimerini.com.cy/en/news/‘we-know-who-they-are-poachers-rake-in-€10-million-a-year
Poachers in Cyprus are estimated to make more than €10 million in profits each year. Both the enormous sums involved and the cases presented before the House Environment Committee suggest that existing penalties are failing to act as an effective deterrent....
https://knews.kathimerini.com.cy/en/news/€120-million-kouris-project-to-bring-220km-sewerage-network-to-western-limassol
A major expansion of the sewerage system in western Limassol is getting underway, with construction costs expected to exceed €120 million and infrastructure planned to cover around 33 square kilometres....
https://knews.kathimerini.com.cy/en/news/one-health-file-europe-wide-for-every-patient-as-cyprus-goes-digital
Cyprus plans to give every citizen a single electronic health record containing their most important medical information, ending the familiar scramble for old test results, prescriptions, and paperwork from different doctors....
https://knews.kathimerini.com.cy/en/news/eu-pushes-a-european-defence-union-with-a-turkish-flavor
The ''major plan'' to establish a European Security Council, announced by European Commission President Ursula von der Leyen in her 2026 State of the Union address, has raised serious questions and concerns....
https://knews.kathimerini.com.cy/en/business/cyprus-rejects-three-eu-revenue-proposals-as-nicosia-draws-red-lines-over-eu-funding-plans
Nicosia drew its red lines during a particularly divisive discussion among the 27 member states, which focused on both the size and composition of the EU’s “New Own Resources” (NORs), meaning the new revenue sources the European Union is proposing to use to finance the 2028-2034 European budget while partially reducing its reliance on direct contributions from member states....
https://knews.kathimerini.com.cy/en/news/scammers-cloned-relatives-voices-with-ai-to-steal-€1-million-police-say
A familiar voice on the phone is usually enough to put someone at ease. According to Greek police, one criminal group turned that trust into a tool for stealing more than €1 million....
https://knews.kathimerini.com.cy/en/news/five-cyprus-companies-searched-in-€15-7m-mobile-phone-vat-fraud-probe
Cyprus Police took part in a coordinated European investigation into an alleged €15.7 million fraud and unpaid VAT scheme involving online mobile phone sales in Germany....
https://knews.kathimerini.com.cy/en/news/cyprus-air-traffic-control-running-50-positions-short-of-required-staffing
Cyprus’ air traffic control system is operating with around 90 controllers, compared with an authorised requirement of 140, Parliament was told on Thursday, as MPs examined flight safety issues affecting the Nicosia Flight Information Region (FIR)....
https://knews.kathimerini.com.cy/en/business/finance-ministry-puts-hourly-workers-demands-at-€50m-as-strike-looms
The Finance Ministry has put the total cost of the demands submitted by unions representing hourly-paid workers at around €50 million over the three-year period of the proposed agreement, as a strike remains scheduled for Thursday, September 17....
https://knews.kathimerini.com.cy/en/news/budget-stays-in-surplus-as-war-and-rising-prices-squeeze-the-economy
The 2027 state budget will be presented to the Council of Ministers on Wednesday. It was prepared against a particularly challenging economic backdrop, just one week after the European Central Bank raised interest rates in an effort to contain inflationary pressures....
https://knews.kathimerini.com.cy/en/news/same-government-building-€23-million-more-what-changed
Cyprus is preparing to spend an estimated €68 million on a new headquarters for the Legal Service, €23 million more than the broadly similar project put forward three years ago....
https://knews.kathimerini.com.cy/en/news/bad-loans-weigh-heavily-on-the-courts
Cases involving non-performing loans appear to be placing an increasing burden on Cyprus’ already strained court system, even as the net book value of all loans managed by credit-acquiring companies has fallen to €2.8 billion....
