https://knews.kathimerini.com.cy/en/business/vasilikos-project-needs-another-€200-million—will-it-ever-be-finished
The ambitious Vasilikos gas terminal project in Cyprus is facing significant financial and logistical hurdles, with an additional €200 million needed to complete construction. ...
https://knews.kathimerini.com.cy/en/news/cyprus-tax-reform-bold-overhaul-aims-to-boost-economy-but-sparks-debate
Cyprus is preparing to implement its first major tax reform in over two decades, aiming to modernize the tax system, boost competitiveness, and align with international standards....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-rolls-out-the-red-carpet-for-civil-servants
A decade after the financial crisis that forced Cyprus to slash public sector benefits under the terms of its bailout agreement, the government is now gradually rolling back austerity measures — handing back perks to civil servants in a move seen as both politically strategic and potentially risky....
https://knews.kathimerini.com.cy/en/news/kuwait-embassy-in-cyprus-marks-national-day-with-high-profile-celebration
The Embassy of the State of Kuwait in Cyprus marked its 64th National Day and 34th Liberation Day with a grand reception at the Hilton Nicosia on February 25, bringing together top Cypriot officials, diplomats, and dignitaries....
https://knews.kathimerini.com.cy/en/news/supreme-court-ruling-forces-haircut-victims-to-district-courts
The Cyprus Supreme Court has confirmed that cases related to the controversial 2013 ''haircuts'' at Bank of Cyprus and Laiki Bank must be heard by District Courts, not the Administrative Court, according to a statement from the Legal Service.
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https://knews.kathimerini.com.cy/en/business/green-oasis-or-business-hub-the-fight-over-nicosia-s-state-fair-site
The Nicosia Municipality, Nicosia district MPs, and residents of Engomi are increasing pressure on the government to reconsider its plans for developing the State Fair site. ...
https://knews.kathimerini.com.cy/en/news/the-battle-over-the-state-fair-site
The Nicosia Municipality is pushing the government to rethink its plans for the State Fair site, with the issue heating up as discussions intensify between local leaders and officials....
https://knews.kathimerini.com.cy/en/news/finance-minister-doubts-future-of-cyprus-greece-interconnector-project
Finance Minister Makis Keravnos said on Tuesday that he is not particularly optimistic about the Great Sea Interconnector (GSI) electricity interconnection project with Greece, especially while there are still serious political obstacles posed by Turkey....
https://knews.kathimerini.com.cy/en/news/no-relief-in-sight-as-electricity-prices-to-remain-high-until-2027
Electricity prices in Cyprus are expected to remain elevated for the next two years, according to the chairman of the EAC....
https://knews.kathimerini.com.cy/en/news/multiple-pensions-on-their-last-leg
With public statements from both Parliament and the Presidential Palace setting high expectations from the outset, the issue of multiple pensions for state officials is now reaching its decisive phase....
https://knews.kathimerini.com.cy/en/news/cyprus-moves-to-ease-car-recall-chaos-with-rental-cars-and-free-bus-passes
The government is stepping in to help drivers impacted by the Takata airbag recall by arranging discounted rental cars and free public transport passes for those whose vehicles have been immobilized....
https://knews.kathimerini.com.cy/en/comment/opinion/a-week-in-cyprus-broken-promises-electricity-woes-and-a-valentine-s-day-summit
The government keeps repeating the same promises, but according to DISY, that won’t be enough to convince the public. But why not? Repetition helps people absorb information, right? ...
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/israel-reaches-hostage-deal-amid-coalition-threats
In a dramatic turn of events, Israeli Prime Minister Benjamin Netanyahu’s office confirmed early this morning that an agreement has been reached to secure the release of hostages held in the Gaza Strip....
https://knews.kathimerini.com.cy/en/news/depositors-affected-by-2013-banking-crisis-to-be-compensated-in-may
Cypriots who lost their savings during the 2013 banking crisis will finally begin receiving compensation this May, according to Finance Minister Makis Keravnos. ...
https://knews.kathimerini.com.cy/en/news/offside-with-the-taxman-as-football-execs-face-€35-5m-penalty-shootout
The technocrats of the Tax Department are continuing the process of finalizing indictments against football clubs....
https://knews.kathimerini.com.cy/en/business/president-s-banking-measures-spark-surge-in-first-home-loans
President Nikos Christodoulides' efforts to support citizens through new banking measures are beginning to yield results. Meetings held in December with the CEOs of Cyprus’ two major banks, Bank of Cyprus (BoC) and Hellenic Bank (HB), appear to have sparked a tangible interest in first-home mortgage schemes....
https://knews.kathimerini.com.cy/en/news/kasselakis-to-stand-trial-over-asset-declaration-violation
Stefanos Kasselakis, leader of the Movement for Democracy and former president of SYRIZA, is set to appear before the Athens Misdemeanor Court on May 8...
https://knews.kathimerini.com.cy/en/news/trudeau-poised-to-resign-as-liberal-leader-sources-say
Canadian Prime Minister Justin Trudeau may be preparing to resign as leader of the Liberal Party after nearly a decade in power, according to a source familiar with his plans....
https://knews.kathimerini.com.cy/en/news/cyprus-increases-interest-rates-on-arrears-and-court-cases-for-2025
Starting January 1, 2025, Cyprus is increasing interest rates related to arrears and court cases, which could affect anyone with overdue debts to the state or those involved in legal disputes....
https://knews.kathimerini.com.cy/en/news/1-general-strike-continues-in-occupied-areas-over-cost-of-living-reforms
The general strike called by 32 unions across both public and private sectors in the occupied territories continues for a second day today, as workers protest proposed amendments to key regulations affecting their livelihoods. ...
https://knews.kathimerini.com.cy/en/business/cyprus-risks-losing-grip-on-interconnector-amid-french-power-move
A reported agreement between Greece’s ADMIE and French investment fund Meridiam could alter the energy landscape of the Eastern Mediterranean, especially for Cyprus....
https://knews.kathimerini.com.cy/en/news/banks-under-fire-how-public-pressure-forced-a-shake-up
Over the past decade, Cypriot banks have paid over €500 million to the state through a special levy known as the ''double tax.''...
https://knews.kathimerini.com.cy/en/news/eib-invests-€200-million-to-modernize-cyprus-roads
The European Investment Bank (EIB) is backing Cyprus with a major boost for road infrastructure. Vice President of the EIB, Kyriakos Kakouris, is in Cyprus to sign the first part of a €200 million loan agreement....
https://knews.kathimerini.com.cy/en/news/banks-announce-1-interest-rate-reduction
Following the parliamentary approval of the state budget and Tuesday’s meeting at the Presidential Palace with the CEOs of Bank of Cyprus and Hellenic Bank, Finance Minister Makis Keravnos appeared on RIK’s program Challenges on Wednesday evening....
https://knews.kathimerini.com.cy/en/business/finance-minister-signs-agreements-on-cryptocurrency-and-tax-information-sharing
Cyprus' Finance Minister, Makis Keravnos, has officially signed the Multilateral Competent Authority Agreements (MCAA) under the Global Forum of the Organization for Economic Cooperation and Development (OECD)....
https://knews.kathimerini.com.cy/en/business/minister-of-finance-outlines-plans-for-a-fairer-more-efficient-and-globally-competitive-tax-system
Speaking at an Open Discussion Event organized by the G.R.M. Professional Training Center at the St. Raphael Resort in Limassol, under the theme “The Upcoming Tax Reform in Cyprus: Purpose, Guidelines, and Timelines,” the Minister announced that a comprehensive meeting is planned for early 2025....
https://knews.kathimerini.com.cy/en/news/debate-intensifies-over-proposed-5-tax-on-bank-profits-in-cyprus
According to a report by Panayiotis Rougalas in today's 'Oikonomiki', a controversial proposal to introduce a 5% tax on bank profits in Cyprus is racing against time to be debated in Parliament before the Christmas recess....
https://knews.kathimerini.com.cy/en/business/eib-president-nadia-calvino-to-visit-cyprus-for-talks-and-office-opening
Nadia Calviño, the President of the European Investment Bank (EIB), is set to make her first official visit to Cyprus on Friday, November 22, where she will open the new EIB Group office and hold talks with Cypriot leaders....
https://knews.kathimerini.com.cy/en/news/germany-faces-uncertainty-as-scholz-fires-finance-minister
Germany’s governing coalition faces a major crisis amid economic challenges and mounting political strife, as Chancellor Olaf Scholz dismissed Finance Minister Christian Lindner and announced he will seek a parliamentary vote of confidence on January 15. If Scholz fails to secure support, Germany could see elections as early as March....
