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/several-major-airlines-have-cut-flights-as-fuel-costs-soar
Major airlines around the world are canceling flights as the ongoing conflict in Iran drives oil prices to historic highs, forcing carriers to rethink operations and route schedules....
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/news/health-insurance-organization-overpaid-€150-million-in-duplicate-claims
An extraordinary case involving tens of millions of euros being drained from the HIO fund has been brought to light by “K.” At a time when middle- and low-income households are struggling with rising costs and widening inequality, which carries serious social consequences, officials within the HIO appear to have wasted vast sums of money. ...
https://knews.kathimerini.com.cy/en/life/from-cyprus-to-manhattan-25-year-old-founder-brings-mediterranean-heat-to-nyc-fitness-scene
Forget boring spin classes and sweaty expo halls. Imagine sweating it out on a Manhattan rooftop while DJs drop beats, your friends cheer you on, and every move feels more like a celebration than a workout. ...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-acquires-cdbbank-s-healthy-assets-in-strategic-move
Bank of Cyprus (BOC) has acquired cdbBank, taking over only the financially healthy assets of the smaller lender, according to sources close to the deal....
https://knews.kathimerini.com.cy/en/news/government-weighs-return-of-mortgage-to-rent-scheme-to-help-homeowners-avoid-foreclosure
As debate continues over changes to foreclosure laws and Parliament races to pass legislation that will reshape the framework, the Mortgage to Rent scheme has once again come into focus....
https://knews.kathimerini.com.cy/en/business/war-sends-euribor-climbing-and-hits-loan-holders
The war in the Middle East has clearly increased uncertainty and is putting pressure on inflation, leading to higher costs for loans in Cyprus that are tied to Euribor. More specifically, Euribor has increased by 20 basis points since the start of the war just over 20 days ago. ...
https://knews.kathimerini.com.cy/en/news/government-considers-reopening-housing-relief-scheme
The government is considering reopening the “Rent in Exchange for Installment” housing scheme for a limited period of a few months, as pressure grows to address ongoing foreclosure issues affecting borrowers....
https://knews.kathimerini.com.cy/en/news/fake-gesy-message-costs-victim-over-€10-000-in-new-online-scam
Police in Limassol are investigating a new case of online fraud after scammers posing as representatives of Cyprus’ General Health System (GESY) allegedly tricked a man into handing over his banking details, resulting in losses of more than €10,000....
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/government-dismisses-rumors-of-cuts-in-blind-allowance
Cyprus authorities on Wednesday moved to reassure the public that financial support for blind individuals has not been suspended, pushing back against what they described as misleading information circulating in recent days....
https://knews.kathimerini.com.cy/en/news/addressing-gender-inequalities-in-stem-and-entrepreneurship
As the world once again marked International Women’s Day this year, it highlighted the continued need for equal opportunities and meaningful representation of women across all areas of social and economic life....
https://knews.kathimerini.com.cy/en/news/uae-offers-flexibility-to-expats-on-tax-residency-amid-iran-conflict
The United Arab Emirates is signaling a softer approach for expats worried about losing their tax residency, as the Iran conflict continues to disrupt travel and business in the Gulf....
https://knews.kathimerini.com.cy/en/business/cypriot-banks-see-profits-tumble-in-2025
Cypriot banks saw their profits shrink in 2025 compared with the previous year, largely due to a smaller contribution from net interest income....
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.''
...
https://knews.kathimerini.com.cy/en/news/grain-producers-call-for-possible-closure-of-crossing-points-to-contain-foot-and-mouth-disease
The Pancyprian Grain Producers’ Organization has called on the government to examine stronger measures to contain the spread of foot-and-mouth disease, including the possible closure of crossing points between government-controlled areas and the occupied territories....
https://knews.kathimerini.com.cy/en/news/cyprus-quarries-still-out-of-control-audit-warns
Six years after the last audit of Cyprus’ Mining and Quarrying Service, compliance remains alarmingly low, according to a new report from the Auditor General. ...
https://knews.kathimerini.com.cy/en/news/foot-and-mouth-disease-spreads-to-nicosia-district-as-new-cases-detected
Foot-and-mouth disease has now spread beyond Larnaca, raising fresh concerns for farmers and veterinary authorities as suspected cases emerge in the Nicosia district....
https://knews.kathimerini.com.cy/en/news/cyber-cover-insurance-for-€25-per-year-from-genikes-insurance-with-a-€20-jinius-voucher
From online shopping to the use of social media, the Cyber Cover plan from Genikes Insurance offers protection against online fraud, identity theft, and other digital risks. ...
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/formula-one-pulls-plug-on-bahrain-and-saudi-races
Formula One is set to cancel two major races in the Middle East as escalating conflict in the region forces the sport to put safety ahead of speed....
https://knews.kathimerini.com.cy/en/news/dubai-s-busy-streets-and-cafes-fall-quiet-as-conflict-scares-off-tourists
Dubai, a city known for packed beaches, luxury shopping and nonstop energy, is suddenly unusually quiet....
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....
https://knews.kathimerini.com.cy/en/news/1-petrolina-a-longstanding-sponsor-of-the-love-route
Petrolina continues to support the humanitarian initiative ''Love Route'', organized by the Cyprus Association for children with cancer and related diseases “One Dream One Wish”, for the 18th consecutive year, contributing to the effort to support children diagnosed with cancer and their families....
https://knews.kathimerini.com.cy/en/news/strong-year-for-aegean-as-profits-climb-to-€147-8-million
AEGEAN announces its operating and financial results for fiscal year 2025, confirming its consistent growth path....
https://knews.kathimerini.com.cy/en/business/six-month-freeze-on-primary-home-foreclosures-proposed-over-middle-east-uncertainty
A proposal has been put forward to temporarily halt foreclosures on primary residences valued at up to €400,000 for a period of at least six months, as uncertainty grows over the potential economic impact of developments in the Middle East....
https://knews.kathimerini.com.cy/en/news/thousands-of-public-accounts-still-waiting-to-be-checked-audit-office-says
Thousands of financial reports from Cyprus’ wider public sector have still not been audited, some going back almost three decades, raising fresh concerns about transparency and how public money is monitored....
https://knews.kathimerini.com.cy/en/business/cyprus-brings-in-international-pr-team-to-rebuild-tourism-confidence
The government and tourism stakeholders are joining forces in a coordinated effort to safeguard Cyprus’ international image, stressing that the country remains safe and that daily life continues under normal conditions....
