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/israel-launches-fifth-offshore-bidding-round-to-expand-natural-gas-reserves
Israel has launched its fifth offshore bidding round to explore for additional natural gas within its economic waters, an initiative aimed at expanding domestic reserves and securing a larger footprint in the regional export market....
https://knews.kathimerini.com.cy/en/news/cyprus-ports-authority-unveils-415-million-euro-roadmap-for-larnaca-waterfront
The Cyprus Ports Authority has unveiled a €415 million roadmap to revamp the Larnaca port and marina, setting a course that stretches to 2045....
https://knews.kathimerini.com.cy/en/news/how-to-find-out-if-the-government-owes-you-money
The online questionnaire, available at "Find benefits you may qualify for", simplifies the process of identifying financial support by filtering through dozens of state programs based on a user's personal circumstances....
https://knews.kathimerini.com.cy/en/news/russia-orders-closure-of-railway-border-crossings-with-three-nato-neighbours
Russia has announced the temporary closure of several railway border crossings with Finland, Estonia and Latvia, halting the movement of passengers, vehicles and freight through selected checkpoints from 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/news/ireland-s-eu-presidency-set-to-cost-more-than-three-times-cyprus
Ireland is preparing for one of the most expensive Presidencies of the Council of the European Union in recent years, with estimated spending approaching €293 million. ...
https://knews.kathimerini.com.cy/en/news/monaco-blast-linked-to-cypriot-ukrainian-businessman
A major manhunt is underway in southern France after a parcel bomb exploded at a residential building in Monaco, seriously injuring a wealthy Ukrainian businessman and his family, in what authorities describe as a rare and shocking attack in the principality....
https://knews.kathimerini.com.cy/en/news/cyprus-records-the-eu-s-highest-level-of-water-scarcity
Cyprus has recorded the highest level of water scarcity in the European Union, according to the latest figures released by the European Parliament using Eurostat data....
https://knews.kathimerini.com.cy/en/news/inside-hadassah-s-plan-to-reshape-private-healthcare-in-cyprus
The team behind the new Hadassah Medical Center Limassol says its ambition goes beyond opening another private healthcare facility, with plans centred on introducing a different approach to diagnosis, treatment and specialist care in Cyprus....
https://knews.kathimerini.com.cy/en/news/how-tiktok-helped-uncover-cyprus-latest-drug-threat
The Cyprus Anti-Narcotics Service (YKAN) has turned its attention to opium poppies following a string of major drug seizures over the past few days, raising concerns about a new narcotic appearing on the island....
https://knews.kathimerini.com.cy/en/news/twelve-arrested-as-police-step-up-patrols-at-lady-s-mile-and-curium-beaches
A month-long policing campaign at Lady's Mile and Curium beaches has resulted in 12 arrests, according to the SBA Police, with officers continuing patrols throughout the busy coastal areas....
https://knews.kathimerini.com.cy/en/news/energy-projects-stuck-in-limbo-due-to-political-interference-minister-says
The presence of Energy Minister Giorgos Papanastasiou at this year’s Green Agenda forum, and what he revealed about the de facto framework governing major public contracts, understandably caused a stir. ...
https://knews.kathimerini.com.cy/en/news/cypriots-feel-slightly-better-off-financially-but-many-still-struggle-to-make-ends-meet
Cypriots are feeling slightly more financially secure than they did a year ago, but rising living costs, money worries and concerns about retirement continue to weigh heavily on many households, according to a new nationwide survey....
https://knews.kathimerini.com.cy/en/news/lower-tourist-numbers-hit-demand-for-taxi-services
Taxi operators in Cyprus say they are facing a difficult period following a downturn in tourism linked to ongoing instability in the Middle East....
https://knews.kathimerini.com.cy/en/news/nicosia-says-it-s-turning-things-around-but-traffic-and-bills-still-bite
''During the first year, we simply kept quiet and worked,'' the Municipality of Nicosia said as it presented its two-year progress report, highlighting significant steps in financial recovery, organisational restructuring, and the development course of the capital....
https://knews.kathimerini.com.cy/en/business/ceasefire-boosts-economic-outlook-but-inflation-remains-a-concern
The ceasefire has not eliminated the economic risks stemming from the conflict involving the United States, Israel, and Iran. However, there are growing signs that economic conditions may gradually return to their pre-war state....
https://knews.kathimerini.com.cy/en/news/strait-of-hormuz-reopening-depends-on-mine-clearance-effort
The agreement between Washington and Tehran has increased expectations that commercial shipping and energy exports through the Strait of Hormuz can resume without disruption. President Donald Trump stated on Sunday that oil shipments from both directions would continue, helping calm fears of supply shortages in global markets....
https://knews.kathimerini.com.cy/en/news/new-traffic-message-signs-set-to-go-live
Variable Message Signs (VMS) have been installed in Nicosia, Limassol, and Paphos and are now waiting for connection to the electricity grid before becoming operational....
https://knews.kathimerini.com.cy/en/news/€125m-road-shock-paphos–polis-project-faces-€50m-cost-jump-and-uncertain-future
Any hopes that the Paphos–Polis Chrysochous road project would get back on track have now faded following the opening of new tenders, which have driven the cost sharply upward. The lowest bid submitted has pushed the price of the project to €124,850,000 (excluding VAT), up from the €73 million plus VAT for which the contract had originally been awarded to the Greek construction company INTRAKAT....
https://knews.kathimerini.com.cy/en/news/cannabis-boom-and-rising-cocaine-use-reshape-cyprus-drug-landscape
Cannabis remains the most commonly used illegal drug in Cyprus, while cocaine and methamphetamine are becoming increasingly present across the country, according to the European Drug Report 2026 presented in Nicosia by the Cyprus National Addictions Authority....
https://knews.kathimerini.com.cy/en/news/cyprus-energy-gamble-enters-a-new-phase-with-us-greece-and-israel-partnership
As wars, political tensions, and concerns over energy security reshape the global landscape, Cyprus is positioning itself not simply as a small island importing fuel but as a potential energy player connecting the Eastern Mediterranean with Europe....
https://knews.kathimerini.com.cy/en/news/seven-suspects-extradited-from-cyprus-in-€700-million-fraud-case
Cypriot authorities have completed legal proceedings related to the extradition of seven individuals wanted in connection with an international fraud case involving an estimated €700 million, according to the Law Office of the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-recycling-idea-turns-used-cooking-oil-into-european-award-finalist
Most people in Cyprus have the same problem every Sunday after a big fry-up: What on earth do you do with the used cooking oil?...
https://knews.kathimerini.com.cy/en/news/mortgage-to-rent-scheme-gets-180-new-applications-but-is-it-picking-up
The ''Rent Instead of Installment'' scheme, also known as ''Mortgage to Rent,'' has reopened, allowing more borrowers to apply....
https://knews.kathimerini.com.cy/en/news/cyprus-court-orders-confiscation-of-jho-low-s-€6-million-ayia-napa-villa
A Cyprus court has ordered the confiscation of a luxury villa in Ayia Napa linked to fugitive financier Jho Low, marking the first time authorities have secured the seizure of assets in a domestic case without obtaining a criminal conviction....
https://knews.kathimerini.com.cy/en/business/more-interest-rate-hikes-on-the-way-hitting-cypriot-borrowers-again
The last time the European Central Bank (ECB) raised interest rates was on September 20, 2023. But all signs suggest that another increase could be coming as early as next week....
https://knews.kathimerini.com.cy/en/news/building-a-home-in-cyprus-is-getting-more-expensive
Building a home in Cyprus has become noticeably more expensive over the past year, with construction material costs rising sharply and adding fresh pressure on property prices across the island....
https://knews.kathimerini.com.cy/en/news/larnaca-launches-water-saving-drive-as-cyprus-targets-self-sufficiency-by-2050
Cyprus is pushing for lower household water use as part of a long-term effort to strengthen the island’s water security, with authorities encouraging residents to cut daily consumption and adopt more efficient habits ahead of the peak summer season....
https://knews.kathimerini.com.cy/en/news/heating-and-cooling-account-for-70-of-household-energy-use-in-cyprus
Heating and cooling make up around 70 per cent of household energy use in Cyprus, according to a report released on Thursday by the European Commission’s Joint Research Centre (JRC), which examined heat pump markets across European Union member states....
