https://knews.kathimerini.com.cy/en/news/six-major-eu-countries-face-a-€4-8-trillion-debt-‘bomb
Borrowing money was once so cheap that some European governments paid no interest at all. Now those debts are coming due, and replacing them will cost considerably more....
https://knews.kathimerini.com.cy/en/life/her-daughter-came-home-after-471-days-learning-to-be-her-mother-again-came-next
''You weren’t there to hold my hand when I needed you.'' Romi Gonen said those words to her mother after coming home from 471 days in Hamas captivity....
https://knews.kathimerini.com.cy/en/news/our-banks-are-worth-much-more-could-big-investors-come-knocking
Bank of Cyprus ranks among the world’s leading banks, according to Forbes magazine’s first annual ''World’s Top Performing Banks 2026'' ranking, compiled in partnership with market research company Statista....
https://knews.kathimerini.com.cy/en/news/strovolos-autism-day-centre-promises-practical-support-for-adults-and-families
A new day centre for people on the autism spectrum is planned for Strovolos, with President Nikos Christodoulides describing the project as a commitment to human dignity, participation and support for families....
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/comment/opinion/cyprus-returns-to-an-a-rating-but-what-happens-next-matters-more
After 15 years, the Republic of Cyprus has once again secured an A rating from S&P. This achievement closes a major chapter and gives us reason to look back at the recent history of our economy....
https://knews.kathimerini.com.cy/en/business/s-p-upgrades-cyprus-to-a-opening-the-door-for-banks-to-follow
Standard & Poor’s (S&P) upgrade of Cyprus is a major recognition for the country, although it did not come as a surprise, given the strong performance of the Cypriot economy. The upgrade also opens the door to further rating improvements in the private sector....
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/new-central-prison-to-be-built-in-agios-sozomenos-not-mathiatis
The new Central Prison complex will be built in Agios Sozomenos, Nicosia district, after the government ruled against proceeding with the previously selected site at Mathiatis....
https://knews.kathimerini.com.cy/en/news/cyprus-presses-on-with-four-desalination-plants
A wetter year has given Cyprus’s farmers a little more water to work with. But the government is planning for the years when the rain does not come: four permanent desalination plants are being taken forward, with a combined planned capacity of 180,000 cubic meters a day....
https://knews.kathimerini.com.cy/en/news/uk-bans-trade-with-‘settler-terrorists-accuses-them-of-ethnic-cleansing
Britain is banning trade with Israeli settlements in the occupied West Bank, accusing violent settlers of carrying out the ethnic cleansing of Palestinians....
https://knews.kathimerini.com.cy/en/news/cyprus-will-not-be-cut-out-of-gsi-energy-minister-insists
Cyprus will not be bypassed by the Great Sea Interconnector, Energy Minister Michalis Damianos insisted Sunday, responding to reports that alternative routes could leave the island out of the major electricity project....
https://knews.kathimerini.com.cy/en/news/foreign-buyers-now-behind-two-in-five-cyprus-property-deals
Foreign buyers signed more than 41% of all property sale contracts in Cyprus during the first seven months of 2026, meaning two out of every five deals now carry a foreign name....
https://knews.kathimerini.com.cy/en/news/gerapetritis-on-gsi-turkey-s-permission-is-not-required-nor-will-it-be-requested
Greece will not seek Turkey’s approval before moving ahead with the electricity cable linking Cyprus and Greece, Foreign Minister George Gerapetritis said, sending a blunt message to Ankara over the long-delayed project....
https://knews.kathimerini.com.cy/en/news/electricity-prices-are-solar-producers-really-buying-low-and-selling-high
The debate over the cost of electricity in Cyprus has focused attention on the price at which renewable energy is generated and sold, with claims that photovoltaic producers can generate electricity for as little as 7 or 8 cents per kilowatt-hour before selling it to the market for 25 or 30 cents....
https://knews.kathimerini.com.cy/en/business/cbc-to-decide-on-ecm-partners-€100m-plus-payabl-deal-in-october
The paperwork for ECM Partners’ planned purchase of half of payabl. has reached the Central Bank of Cyprus (CBC), which must approve the deal before it can go ahead. ECM Partners reached an agreement with payabl.’s shareholders last week....
https://knews.kathimerini.com.cy/en/business/cyprus-awaits-its-september-report-card-but-will-households-feel-it
Cyprus will receive a series of important financial report cards in September, when three international rating agencies take a fresh look at the country’s economy....
https://knews.kathimerini.com.cy/en/news/cyprus-advances-€95-million-electricity-grid-upgrade-to-support-renewables
Cyprus is advancing a major programme to modernise key parts of its electricity network, aiming to prepare the grid for higher shares of renewable energy, energy storage and fewer instances of renewable generation being switched off....
https://knews.kathimerini.com.cy/en/news/marinos-mousiouttas-fairness-for-today-s-retirees-security-for-tomorrow-s-pensioners
Labour and Social Insurance Minister Marinos Mousiouttas explains the government’s proposed pension reform to Kathimerini....
https://knews.kathimerini.com.cy/en/news/cash-checks-and-bank-queues-are-quietly-disappearing
Digital transactions have surged in Cyprus, following the global trend and increasingly replacing payments made in cash or by check....
https://knews.kathimerini.com.cy/en/news/why-cyprus-is-vulnerable-to-the-climate-crisis
“Net zero” is not just a slogan. It is a legal obligation to reach climate neutrality by 2050. The roadmap requires a 55 percent cut in net emissions by 2030 from 1990 levels and, under the revised Climate Law finished in February, a 90 percent cut by 2040....
https://knews.kathimerini.com.cy/en/news/cyprus-israel-power-link-moves-into-the-money-stage
Plans to connect the electricity grids of Cyprus and Israel are moving forward, with the company behind the Great Sea Interconnector taking the next formal step needed to get the project off the drawing board....
https://knews.kathimerini.com.cy/en/news/us-lawmakers-push-washington-to-back-power-cable-linking-island-to-europe
For households used to opening their electricity bills with one eye closed, an undersea cable promising to connect the island to Europe’s power grid sounds important, and a group of US lawmakers agrees....
https://knews.kathimerini.com.cy/en/business/financial-instability-in-the-occupied-area-threatens-future-reunification-plans
Up until now, all parties, including the Greek Cypriot side, have operated under the assumption that they don't need to tackle the fiscal viability of the successor state in the occupied area. That mindset is dangerous, especially when the necessary fixes aren't actually out of reach, so long as someone takes action....
https://knews.kathimerini.com.cy/en/business/does-the-new-french-backing-of-the-greece–cyprus-cable-finally-mean-cheaper-electricity
The move, which appears to be a success for Athens and specifically for the Maximos Mansion and which surprised many in Nicosia, provides convincing answers to the questions and concerns that had been causing unease until this morning....
https://knews.kathimerini.com.cy/en/news/french-investor-throws-its-weight-behind-cyprus-greece-power-cable
After months of uncertainty over whether the much-discussed electricity cable between Cyprus and Greece would actually move forward, a major French investor has entered the picture, and it is taking control....
https://knews.kathimerini.com.cy/en/business/old-gsp-gets-ready-to-eat-drink-and-shop-as-phc-group-takes-over
The commercial operation of five premises at Nicosia's Old GSP redevelopment has been awarded to Catercom Catering, part of PHC Franchised Restaurants Public Ltd, following a decision by Nicosia Municipality....
https://knews.kathimerini.com.cy/en/news/more-than-4-200-apply-for-mortgage-to-rent-scheme-as-deadline-extended
For hundreds of households struggling with bad loans, the possibility of losing the family home has been hanging over them for years. Cyprus' mortgage-to-rent scheme is offering some of those borrowers a way to stay put, and thousands are trying to get in....
https://knews.kathimerini.com.cy/en/business/crypto-firms-face-tougher-rules-with-mica-taking-full-effect-in-cyprus
The end of the transition period brings stricter oversight of anti-money laundering compliance, customer protection, and the operations of crypto service providers....
https://knews.kathimerini.com.cy/en/news/turkey-still-fails-to-meet-legal-requirements-for-return-to-f-35-program-us-says
Turkey has not yet fulfilled the legal requirements necessary to rejoin the F-35 program, the US Department of State makes clear in a letter to Congress dated July 22, 2026, obtained by Kathimerini Greece....
