https://knews.kathimerini.com.cy/en/business/cyprus-reinstates-abramovich-firm-to-go-after-directors-for-€25m-tax-debt
Cyprus is breathing life back into a defunct company once linked to Russian billionaire Roman Abramovich, not to do business, but to collect what it’s owed....
https://knews.kathimerini.com.cy/en/news/freedom-holding-corp-reports-23-revenue-growth-for-fy2025-driven-by-strong-performance-across-brokerage-and-insurance-segments
Freedom Holding Corp. (FRHC), a diversified financial services firm and the founder of Freedom24, has announced its financial results for the fiscal year ended 31 March 2025. ...
https://knews.kathimerini.com.cy/en/business/india-s-drone-power-lands-in-cyprus
Indian business interest in Cyprus is gaining momentum, with drone tech leader Drone Destination planning to set up shop on the island....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-sells-€75m-worth-of-paphos-property-to-exness
The Bank of Cyprus has closed a major property deal with fintech firm Exness, selling land worth €75 million in Paphos, sources confirmed to Kathimerini Cyprus....
https://knews.kathimerini.com.cy/en/news/is-phedon-phedonos-gearing-up-for-2028
When Phedon Phedonos launched a fresh offensive from Paphos last month, accusing certain Cyprus-based forex companies of laundering dirty money and warning that the Cypriot economy was veering dangerously close to a “casino model,” it sent ripples through Nicosia....
https://knews.kathimerini.com.cy/en/business/bollywood-bots-and-big-bucks-as-cyprus-becomes-india-s-new-business-and-movie-hub
In a major boost to Cyprus’s economy and international standing, two Indian companies have officially announced their expansion into the country, with more than 20 others reportedly exploring similar moves....
https://knews.kathimerini.com.cy/en/news/nicosia-activates-crisis-response-as-israel-iran-tensions-escalate
In response to the latest Middle East crisis sparked by Israel’s missile strikes on Iran, Nicosia is sticking to its long-held stance that Cyprus serves as a humanitarian bridge between East and West....
https://knews.kathimerini.com.cy/en/news/uk-denies-involvement-of-cyprus-bases-in-israeli-strikes-on-iran
The United Kingdom has firmly denied allegations that its sovereign bases in Cyprus were used to support recent Israeli airstrikes on Iran, calling the claims “nonsense” and “deeply irresponsible.”...
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-cancer-center-hits-back-at-union-over-firing-dispute
The Oncology Center of the Bank of Cyprus expressed disappointment Tuesday over recent strike actions announced by unions OUYK-SEK and SEVETTYK-PEO, firmly rejecting claims of illegal or irregular employee dismissal....
https://knews.kathimerini.com.cy/en/news/from-the-mekong-to-the-med-how-cyprus-and-cambodia-are-crafting-a-new-global-alliance
In an exclusive with His Excellency Salah Essa, Honorary Consul of Cyprus to Cambodia, we uncover how two countries, thousands of kilometers apart, are finding common ground in trade, tourism, and cultural exchange. ...
https://knews.kathimerini.com.cy/en/news/paphos-mayor-‘i-am-under-coordinated-attacks
Paphos Mayor Phedon Phedonos says he is facing coordinated attacks from a small but organized group with significant interests, but insists he won’t be intimidated....
https://knews.kathimerini.com.cy/en/news/not-even-a-water-pistol-minister-sounds-alarm-as-drought-threatens-kataklysmos-fun
As Cyprus heads into the long Kataklysmos weekend, a time usually marked by beach outings, fairs, and plenty of playful splashing, Agriculture Minister Maria Panagiotou has a firm message: it’s time to put an end to water fights....
https://knews.kathimerini.com.cy/en/news/uk-firm-to-conduct-accreditation-inspection-at-ercan-airport
In a televised interview, it was stated that international accreditation procedures for the illegal Ercan (Tymbou) airport are expected to proceed after the Muslim holiday of Eid al-Adha....
https://knews.kathimerini.com.cy/en/news/paphos-municipality-wins-long-running-legal-battle-over-ibrahim-s-khan-project
After nearly a decade in the courts, the Paphos District Court has thrown out a lawsuit filed against the Paphos Municipality by a former tenant of a Turkish Cypriot-owned property....
https://knews.kathimerini.com.cy/en/news/cyprus-s-booming-defense-industry-nets-€40m-as-officials-call-for-faster-growth
Cyprus’s defense industry has grown tenfold in recent years, with approximately 30 companies now generating an estimated €40 million in revenue annually, officials revealed Tuesday during a session of the Parliamentary Committee on Energy, Commerce and Industry....
https://knews.kathimerini.com.cy/en/news/ey-announces-the-appointment-of-4-new-partners-in-cyprus
EY Cyprus is pleased to announce that its leadership team has been strengthened with the addition of four new partners:...
https://knews.kathimerini.com.cy/en/business/deloitte-cyprus-welcomes-two-new-partners
Deloitte Cyprus is pleased to announce the growth of its leadership team with the appointment of two new partners, effective 1 June 2025....
https://knews.kathimerini.com.cy/en/news/payabl-launches-virtual-business-cards-to-empower-smarter-business-spending
Leading European financial technology provider, payabl. has launched its Virtual Business Cards service, a digital payment solution designed to give businesses greater control, security, and visibility over their spending....
https://knews.kathimerini.com.cy/en/news/phedon-phedonos-sounds-the-alarm-drugs-in-schools-fake-degrees-on-the-rise
In a fiery new round of revelations, Paphos Mayor Phaidonas Faidonos has raised the alarm over what he says is rampant drug trafficking in Cyprus’ schools and an emerging academic scandal he calls the new ''Golden Degrees.''...
https://knews.kathimerini.com.cy/en/business/freedom-holding-corp-added-in-the-prestigious-russell-3000®-index
Freedom Holding Corp. (FRHC), a diversified, multinational financial services firm, has been selected for inclusion in the Russell 3000® Index as part of its annual reconstitution in 2025. The inclusion will take effect after the US market closes on June 27, 2025....
https://knews.kathimerini.com.cy/en/news/shock-bills-football-fixes-a-u-turn-on-makarios-ave-cyprus-week-of-curveballs
From electricity bills getting a surprise bump to football clubs sliding past tax rules (again) and a Nicosia street project taking a literal U-turn, this week was full of plot twists. ...
https://knews.kathimerini.com.cy/en/news/tensions-erupt-over-abramovich-case-allegations-at-parliamentary-committee
Allegations of high-level political interference surrounding a multimillion-euro VAT debt linked to Russian billionaire Roman Abramovich escalated Thursday in Cyprus’ Parliament, with tensions erupting between lawmakers and investigative journalist Makarios Drousiotis....
https://knews.kathimerini.com.cy/en/news/paphos-mayor-accuses-police-of-breach-and-political-cover-up
Paphos Mayor Phedonas Phedonos has launched a scathing attack on the chief of police, accusing him of breaking a promise, compromising his safety, and politicizing law enforcement, all while raising the alarm on alleged money laundering in Cyprus by Latin American drug cartels....
https://knews.kathimerini.com.cy/en/news/cyprus-caught-in-drug-cartel-crossfire-says-paphos-mayor
Paphos Mayor Phedonas Phedonos has made explosive claims that Cyprus is now part of an international money laundering network used by Latin American drug cartels....
https://knews.kathimerini.com.cy/en/business/india-turns-its-gaze-to-cyprus-as-gateway-to-europe-and-the-middle-east
Cyprus is emerging as a promising bridge between India and the broader regions of Europe and the Middle East, with business ties between the two countries gaining serious momentum....
https://knews.kathimerini.com.cy/en/news/aykut-defends-property-sales-in-turkish-tv-interview
Businessman Simon Aykut, accused of unlawfully selling Greek Cypriot properties in the occupied north, defended the legality of his company’s real estate dealings in a televised interview presented Monday as evidence in a Nicosia courtroom....
https://knews.kathimerini.com.cy/en/business/global-vc-investment-rises-in-q1-25-on-back-of-record-setting-$40-billion-open-ai-deal-according-to-kpmg-s-venture-pulse
Global VC investment surged from $118.7 billion in Q4’24 to an eleven-quarter high of $126.3 billion in Q1’25, despite ongoing geopolitical conflicts and tensions, continued concerns about global trade and tariffs, and the delay of a major reopening in the IPO market....
https://knews.kathimerini.com.cy/en/news/over-€1-1-million-in-donations-to-cyprus-political-parties-tied-to-golden-passport-scheme
More than €1.1 million in donations were funneled to political parties in Cyprus between 2016 and 2021 from individuals and companies linked to the controversial Cyprus Investment Program, commonly known as the “Golden Passport” scheme....
https://knews.kathimerini.com.cy/en/news/cyprus-slips-in-blue-flag-rankings-but-holds-firm-on-coastal-quality
Cyprus saw a slight decline in its internationally recognized beach quality ratings this year, with 64 beaches and two marinas receiving Blue Flag certification for 2025, down from 76 beaches in 2024....
https://knews.kathimerini.com.cy/en/news/archbishop-sends-srong-message-with-removal-of-paphos-bishop-from-duties
Archbishop Georgios has sent a strong signal to members of the Holy Synod who act outside the bounds of the Church of Cyprus. ...
