https://knews.kathimerini.com.cy/en/news/rising-building-costs-could-soon-make-homes-even-pricier
The first major price increases in construction materials for new residential buildings are already becoming visible, driven largely by soaring fuel costs over the past two months, according to property market executives in Greece.
...
https://knews.kathimerini.com.cy/en/comment/opinion/a-new-wave-of-european-instability
Eleven countries are running deficits above 3%, with Romania, Poland, Belgium and France posting the weakest figures. Cyprus, Denmark, Ireland, Greece and Portugal remain among the surplus countries....
https://knews.kathimerini.com.cy/en/business/cyprus-loan-collection-agencies-face-major-overhaul-under-new-eu-crackdown
Cyprus’ growing ''shadow banking'' sector is entering a period of major change as stricter European rules force credit servicing companies to tighten controls, cut risky partnerships, and rethink how they handle technology and security....
https://knews.kathimerini.com.cy/en/business/greek-business-wave-in-cyprus-seeks-stronger-voice
Greek business activity in Cyprus has been steadily strengthening in recent years, with a noticeable rise in investments and the relocation of skilled professionals to the island, a trend that reflects renewed confidence in the Cypriot economy....
https://knews.kathimerini.com.cy/en/business/airlines-slash-millions-of-seats-as-fuel-fears-shake-global-travel
Airlines around the world are cutting flights, shrinking schedules, and scrambling to save fuel as growing concerns over global fuel supplies begin to hit the aviation industry.
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https://knews.kathimerini.com.cy/en/news/supreme-court-rejects-polish-investor-s-appeal-over-2013-bank-haircut-losses
Cyprus’ Supreme Court has rejected an appeal by a Polish woman who sought compensation from the Republic of Cyprus over losses she suffered during the 2013 banking crisis, bringing a long-running legal fight over deposit “haircuts” to a close....
https://knews.kathimerini.com.cy/en/news/church-of-cyprus-rejects-‘high-interest-loan-claims-in-paphos-case
The Audit Department of the Church of Cyprus has rejected allegations about the financial management of the Metropolis of Paphos, describing them as false and damaging....
https://knews.kathimerini.com.cy/en/business/cyprus-economy-still-growing-but-cracks-may-be-starting-to-show
Cyprus’ economy continues to show steady growth, underlining its flexibility and resilience in the face of external shocks such as the ongoing Russia-Ukraine war and recent conflicts in the Middle East....
https://knews.kathimerini.com.cy/en/news/cyprus-government-offers-72-month-tax-debt-plan-as-billions-in-old-debts-loom
The government is rolling out a new 72-installment plan to help individuals and businesses settle long-standing debts to the tax office and social security funds, in one of its biggest debt restructuring moves in years....
https://knews.kathimerini.com.cy/en/news/eu-leaders-get-down-to-business-on-day-two
After a more relaxed evening of talks over dinner in Ayia Napa, EU leaders rolled up their sleeves in Nicosia on Friday, shifting from pleasantries to the hard politics of money, energy and war....
https://knews.kathimerini.com.cy/en/news/no-more-borrowing-from-pension-fund-government-says
A long-standing distortion in Cyprus’ social insurance fund is finally being addressed as the government moves to ''freeze'' its growing debt to the fund and shift its investment strategy to an independent authority....
https://knews.kathimerini.com.cy/en/news/livestock-farmers-protest-as-financial-and-emotional-crisis-intensifies
A mass protest by livestock farmers will take place on Thursday at the Rizoelia roundabout, as frustration grows over animal culling linked to foot-and-mouth disease and the lack of progress in discussions with authorities....
https://knews.kathimerini.com.cy/en/news/cyprus-pledges-€850-000-in-humanitarian-aid-for-sudan-crisis
Cyprus has announced a commitment of at least €850,000 in humanitarian assistance for Sudan and neighbouring countries in 2026, following its participation in the Third International Sudan Conference in Berlin....
https://knews.kathimerini.com.cy/en/business/eu-rejects-claims-of-imminent-jet-fuel-shortage-across-europe
European officials have pushed back against claims that aviation fuel supplies across the EU could run out within six weeks, calling such reports misleading....
https://knews.kathimerini.com.cy/en/business/eu-toolbox-to-curb-energy-prices-support-for-all-27-member-states
Brussels is preparing action on four fronts, working closely with Berlin and Paris, with the goal of keeping energy prices under control across the EU’s 27 member states as concerns grow about a renewed crisis in the Middle East....
https://knews.kathimerini.com.cy/en/business/tourism-slump-hits-famagusta-as-april-hotel-occupancy-drops-by-40
Hotel occupancy in the Famagusta district has dropped sharply this April, with local officials estimating a decline of around 40%, reflecting uncertainty affecting Cyprus’s tourism sector....
https://knews.kathimerini.com.cy/en/news/cyprus-pledges-€300-000-aid-package-to-lebanon
Cyprus has pledged €300,000 in humanitarian assistance to Lebanon, as the island nation responds to the worsening situation affecting civilians there....
https://knews.kathimerini.com.cy/en/business/eu-faces-€459-billion-budget-gap-while-member-states-clash-over-spending-priorities
The European Commission has placed the 27 member states before what it calls a “fiscal trilemma,” centered on the new European budget under discussion for the seven-year period 2028–2034, which is dividing partners during the energy crisis....
https://knews.kathimerini.com.cy/en/news/cyprus-signals-new-economic-support-measures-while-reinforcing-defence-capabilities
President Nikos Christodoulides has indicated that the government is prepared to introduce additional measures to protect households from the economic effects of the ongoing crisis in the Middle East, while also reaffirming its commitment to strengthening the country’s defence....
https://knews.kathimerini.com.cy/en/news/owe-social-insurance-new-repayment-plan-could-offer-thousands-a-financial-lifeline
Thousands of workers, freelancers and small business owners struggling with unpaid social insurance contributions could soon get a second chance to settle their debts, without immediate legal consequences....
https://knews.kathimerini.com.cy/en/news/when-london-considered-leaving-cyprus
In the mid-1970s, Britain considered a complete withdrawal from Cyprus. A series of declassified British archival documents show that the government under Harold Wilson examined the possibility of fully removing its bases from the island....
https://knews.kathimerini.com.cy/en/news/we-are-at-the-tip-of-the-iceberg-new-fmd-cases-push-cyprus-outbreak-to-49-herds
Cyprus’ Veterinary Services have confirmed three additional outbreaks of foot-and-mouth disease (FMD) within the containment zone of Dromolaxia-Meneou in Larnaca, following recent epidemiological checks and laboratory analysis....
https://knews.kathimerini.com.cy/en/news/government-to-roll-out-economic-support-measures-today
President Nikos Christodoulides is expected to announce a new package of economic support measures Thursday aimed at helping businesses and households feeling the financial ripple effects of the war in the Middle East, as rising energy costs and prices continue to weigh on the island’s economy....
https://knews.kathimerini.com.cy/en/news/us-to-pay-nearly-$1-billion-to-kill-wind-project-just-as-oil-prices-skyrocket
In an almost too ironic twist, the Trump administration announced it will pay French energy giant TotalEnergies nearly $1 billion to scrap plans for offshore wind farms on the US East Coast, just as global oil and gas prices spike due to the conflict in Iran....
https://knews.kathimerini.com.cy/en/business/government-prepares-energy-relief-measures-as-crisis-reaches-households
The energy crisis triggered by the war in the Middle East has now reached the doorstep of every Cypriot household. Like other European governments, Cyprus is one step away from rolling out measures aimed at tackling soaring energy costs and the wider cost-of-living squeeze....
https://knews.kathimerini.com.cy/en/comment/opinion/the-global-economy-is-facing-severe-turbulence
The Strait of Hormuz is the only maritime passage into the Persian Gulf. The de facto disruption of normal shipping through the Strait of Hormuz caused demand to fall by 80 percent, left oil tankers idle, and forced a halt to oil production because storage capacity is limited. ...
https://knews.kathimerini.com.cy/en/news/eu-turns-down-trump-s-request-for-help-in-hormuz-as-cracks-show-over-ukraine
The European Union has effectively rejected a request by Donald Trump for European assistance in safeguarding the Strait of Hormuz, with EU foreign policy chief Kaja Kallas making clear that the conflict with Iran “is not a European war” and that ''no one wants active involvement.''
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https://knews.kathimerini.com.cy/en/news/facing-the-harsh-reality-of-the-foot-and-mouth-crisis
The arrival of European Commissioner for Health and Animal Welfare Oliver Várhelyi in Cyprus brought a decisive end to livestock farmers’ request that animals not infected with foot and mouth disease be spared on farms where cases have been detected....
https://knews.kathimerini.com.cy/en/news/foreclosure-suspensions-keep-returning-in-cyprus
A new effort to suspend foreclosures is underway until the end of the year. Members of parliament are dissatisfied with the current foreclosure framework, and just days before Parliament dissolves ahead of the parliamentary elections, numerous legislative proposals are on the table. ...
https://knews.kathimerini.com.cy/en/news/eu-commissioner-all-animals-on-infected-farms-must-be-culled
Farms hit by foot-and-mouth disease will have to kill all animals on site, even those that appear healthy, under strict European Union rules aimed at stopping the outbreak before it spreads further, an EU commissioner said Friday during a visit to Cyprus....
