https://knews.kathimerini.com.cy/en/news/gsi-s-final-cost-remains-unclear
The Great Sea Interconnector (GSI) still lacks a reliable final cost estimate and a firm timetable for completing its assessment, as the European Investment Bank awaits clarification of crucial technical, financial and contractual details....
https://knews.kathimerini.com.cy/en/business/cyprus-s-external-gap-widens-as-growth-holds-up
Cyprus’s economy continues to expand, but the widening imbalance in its external accounts deserves closer attention. The current account records earnings and payments between Cyprus and the rest of the world, covering trade, investment income and transfers (e.g., from the European Commission). The Central Bank of Cyprus’s revised figures put the 2025 deficit at 8.8% of GDP, compared with 6.4% previously reported (Figure 1). By contrast, the 2024 deficit was revised to 5.5% of GDP, down from 8.2% previously reported. These changes show that the gap widened in 2025, reversing the earlier picture of improvement. Figures for the first six months of 2026 show further pressure.
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https://knews.kathimerini.com.cy/en/news/cyprus-looks-to-turn-closer-us-ties-into-business-at-home
The American Chamber of Commerce in Cyprus brought diplomats and business leaders together Friday to discuss how to make it easier for U.S. companies to invest on the island and for Cypriot firms to find partners abroad....
https://knews.kathimerini.com.cy/en/news/some-social-welfare-officers-juggle-up-to-150-cases-each
A single social welfare officer in Cyprus can be responsible for as many as 150 open cases, far above the international benchmark of 20 to 40, lawmakers heard. In Nicosia, the average caseload is more than 100....
https://knews.kathimerini.com.cy/en/news/second-suspected-cyberattack-hits-supermarket-fridges-across-europe
The next major cyberattack may reach shoppers through the chilled-food aisle. Supermarkets in Sweden, Belgium and Luxembourg have reported refrigerators and freezers warming overnight, raising fears of a second widespread attack on the systems that keep food safe, according to the Guardian....
https://knews.kathimerini.com.cy/en/news/cyprus-urges-eu-to-intervene-over-planned-turkey–occupied-areas-gas-pipeline
Nicosia is seeking help from Brussels as plans advance for a subsea, bidirectional natural gas pipeline between Turkey and the self-declared ''turkish republic of northern cyprus.''...
https://knews.kathimerini.com.cy/en/comment/opinion/who-wants-to-run-a-business-in-cyprus-anymore
Between armed conflicts, geopolitical developments, a prolonged energy crisis and constant shifts in the global economy, running a business in Cyprus is becoming increasingly difficult....
https://knews.kathimerini.com.cy/en/business/is-limassol-becoming-too-expensive-for-business
Limassol’s cost-of-living pressures appear to be reaching a breaking point, extending beyond households and residents to the business community....
https://knews.kathimerini.com.cy/en/business/pwc-cyprus-strengthens-its-leadership-team-with-three-new-partners
PwC Cyprus announces that Michalis Zourides , Lambros Kyriakides and Panayiotis Hadjiconstantinou will join the firm's Partnership, assuming their roles as Partners effective 1 January 2027.
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https://knews.kathimerini.com.cy/en/business/trouble-in-the-financial-shadows-is-cyprus-ready
When inflation began to run out of control in the 1970s, a provision of the Glass-Steagall framework, then approaching its 40th anniversary, began to make its presence felt in the markets....
https://knews.kathimerini.com.cy/en/news/fidan-s-counterplay-over-the-cable
When Turkish Foreign Minister Hakan Fidan told a journalist from the Greek newspaper Ta Nea in Brussels last week that Turkey ''agrees'' to the Cyprus-Greece electricity interconnection,...
https://knews.kathimerini.com.cy/en/news/nexans-sets-2028-target-for-greece-cyprus-cable-production-restart
French cable manufacturer Nexans expects production of the submarine cable for the Great Sea Interconnector (GSI), the planned electricity link between Greece and Cyprus, to restart in 2028, while continuing to pursue other projects to keep its production facilities occupied....
https://knews.kathimerini.com.cy/en/business/maria-xenophontos-appointed-principal-in-audit-assurance-and-member-of-the-board-of-k-treppides-co
K. Treppides & Co Ltd is pleased to announce the appointment of Maria Xenophontos as Principal in the Audit and Assurance Department and Member of the Board of Directors, effective 1 October 2026.
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https://knews.kathimerini.com.cy/en/news/hala-sultan-tekke-excavations-push-cyprus-city-s-history-back-to-the-17th-century-bc
Archaeological excavations at Dromolaxia-Vyzakia, near Hala Sultan Tekke in the Larnaca district, have uncovered architectural remains and pottery dating to the 15th to 17th centuries BC, providing the earliest directly documented evidence of urban occupation yet identified by the Swedish-led mission at the site....
https://knews.kathimerini.com.cy/en/news/cyprus-police-investigate-bbc-allegations-over-abramovich-s-wealth
Police have launched an investigation on their own initiative into a BBC report alleging that billions linked to Russian oligarch Roman Abramovich “disappeared” through Cyprus....
https://knews.kathimerini.com.cy/en/news/new-home-sales-jump-nearly-50-with-most-buyers-staying-below-€300-000
Cyprus’ new-home market posted gains on two fronts in the third quarter, with both sales and their combined value rising, according to an analysis by Landbank Analytics....
https://knews.kathimerini.com.cy/en/news/which-goods-and-services-are-eating-into-household-incomes
Prices across several essential categories of goods and services have risen over the past four years, eating further into household budgets. With the sharpest annual increases now seen in transport, housing, energy and fuel, inflation remains firmly in the picture, steadily eroding households’ purchasing power....
https://knews.kathimerini.com.cy/en/news/european-prosecutors-freeze-greek-assets-in-€115m-cyprus-linked-vat-case
European prosecutors have frozen property and vehicles in Greece belonging to five people linked to an alleged multi-million-euro VAT fraud built around iPhone trading. The European Public Prosecutor’s Office estimates the unpaid tax at €115.5 million, with the bulk arising in Sweden....
https://knews.kathimerini.com.cy/en/news/cyprus-investment-firm-fined-€100-000-over-misleading-information
When an investment company promotes its services online, customers should be able to understand the offer without being misled. And if it gives investment advice, it must have permission to do so....
https://knews.kathimerini.com.cy/en/news/nina-schick-the-greatest-risk-for-cyprus-is-remaining-a-passive-consumer-of-artificial-intelligence
With a career that has brought her close to the most influential centres of political and technological decision-making in the United States and Europe, Nina Schick is now ranked among the world’s top 20 speakers on artificial intelligence....
https://knews.kathimerini.com.cy/en/news/artificial-intelligence-at-the-heart-of-a-new-global-power-struggle
The global struggle for power in artificial intelligence, and its implications for work, the economy, innovation and geopolitics, took centre stage at the Digital Agenda Cyprus Summit 2026, held on Wednesday, October 14, at the Nicosia Municipal Theatre. This year’s theme was “AI Wars – Challenging the Balance of Power: Life, Work, Country, Region”....
https://knews.kathimerini.com.cy/en/news/would-you-pay-$14-million-for-a-secondhand-shirt-this-buyer-did
If buying your child a basketball jersey feels expensive, here’s a little perspective: Someone has just paid $14 million for Michael Jordan’s....
https://knews.kathimerini.com.cy/en/news/familiar-with-cyprus-and-turkey-joshua-huck-takes-charge-of-u-s-embassy-in-athens
The U.S. Embassy in Athens has a new person at the helm, and unlike his high-profile predecessor, he is a career diplomat who already knows the political fault lines of Greece, Cyprus and Turkey....
https://knews.kathimerini.com.cy/en/business/the-road-to-completing-the-vasilikos-projects-is-fraught-with-obstacles
Cyprus’s long-delayed Vasilikos LNG terminal could become operational by 2030, but finding a reliable contractor and resolving technical, financial and legal challenges remain key hurdles. Eight companies have expressed interest in completing the project, which stalled after the collapse of the contract with Chinese consortium CPP-METRON....
https://knews.kathimerini.com.cy/en/news/eu-mutual-assistance-clause-stalls-as-ireland-refuses-debate-and-nicosia-s-push-for-strategic-autonomy-falters
The much-publicized EU “mutual assistance clause” remains limited in scope, despite Nicosia’s ambitious push and President Nikos Christodoulides’ efforts to convince European partners that “the time has come for the EU’s strategic autonomy.” ...
https://knews.kathimerini.com.cy/en/news/bbc-deloitte-cyprus-helped-falsify-records-to-hide-abramovich-s-wealth
Deloitte Cyprus helped falsify documents to conceal Roman Abramovich’s wealth and appears to have advised on a scheme that allowed one of his companies to evade millions in Cypriot taxes, according to a joint investigation by BBC Panorama and the Bureau of Investigative Journalism....
https://knews.kathimerini.com.cy/en/news/the-digital-agenda-cyprus-summit-honors-professor-dr-loizos-loizou
The Digital Agenda Cyprus Summit 2026 will honor Professor Dr. Loizos G. Loizou for his pioneering contribution to childhood cancer care and his longstanding support for children and their families....
https://knews.kathimerini.com.cy/en/news/turkish-cypriot-properties-recovered-from-people-linked-to-organized-crime
Intensive inspections by the Turkish Cypriot Properties Management Service are exposing a system whose significant weaknesses allowed property misuse and illegal activity to persist for years....
https://knews.kathimerini.com.cy/en/news/100-000-vehicles-a-day-squeeze-through-limassol-s-overloaded-bypass
For anyone who has watched the minutes tick away in Limassol traffic, the problem needs little explaining. Getting to work, dropping children at school or making an appointment can mean building your day around the queue....
https://knews.kathimerini.com.cy/en/diplomatica/rubio-marks-independence-day-with-message-of-stronger-u-s-cyprus-ties
The United States marked Cyprus’ Independence Day with a message that put the growing relationship between the two countries front and center, highlighting a partnership extending from regional security to classrooms and business opportunities....
