https://knews.kathimerini.com.cy/en/news/cyprus–crete-cable-surveys-move-ahead-but-€25-million-payment-is-still-pending
The French research vessel Abeille Marengo moved into waters off Kasos and Karpathos around midnight Wednesday to begin seabed surveys for the installation of the electricity cable linking Cyprus and Crete. ...
https://knews.kathimerini.com.cy/en/news/should-every-worker-have-to-join-a-provident-fund
Provident funds, the second pillar of Cyprus’ pension system, have moved to the center of the pension reform debate. Employers and unions are digging in, while the government is still keeping its cards close to its chest....
https://knews.kathimerini.com.cy/en/news/minimum-income-benefits-paid-for-nearly-11-years-in-some-cases-without-final-approval
Cyprus paid Guaranteed Minimum Income benefits for years in some cases while applications were still awaiting a final decision, the Audit Office found....
https://knews.kathimerini.com.cy/en/news/the-ship-has-sailed-can-the-cyprus-cable-survey-go-ahead
Greece issued a counter-notice shortly after midnight Wednesday rejecting a Turkish maritime advisory over seabed surveys for the Greece–Cyprus electricity cable, hours after the French research vessel Abeille Marengo sailed from Crete....
https://knews.kathimerini.com.cy/en/news/former-energy-minister-alleges-business-interests-stood-in-the-way-of-cheaper-electricity
Former Energy Minister Giorgos Papanastasiou has alleged that business interests with political connections interfered with plans for the Vasiliko gas terminal, a project meant to help Cyprus produce electricity at a lower cost....
https://knews.kathimerini.com.cy/en/business/construction-needs-5-000-more-workers-who-gets-to-hire-them
The labor shortage in Cyprus’ construction industry is getting worse. Building activity is picking up, new projects are getting underway, and employers are struggling to fill skilled jobs....
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/news/cyprus-‘fbi-arrests-26-in-nationwide-drug-operation-video
Cyprus’ new organized crime unit arrested 26 people Thursday in a nationwide operation targeting a suspected drug trafficking network and the money police believe helped keep it running....
https://knews.kathimerini.com.cy/en/comment/opinion/tourists-kept-coming-to-cyprus-so-why-did-hotel-profits-fall
Tourism directly accounts for 13% to 15% of Cyprus’ GDP, and more than 25% once we count the economic activity it supports along the way....
https://knews.kathimerini.com.cy/en/business/binance-halts-withdrawals-after-$6-3-billion-crypto-attack
Customers of cryptocurrency exchange Binance face a wait to withdraw their money after a cyberattack affected an estimated $6.3 billion in digital assets, potentially making it the largest cryptocurrency theft on record....
https://knews.kathimerini.com.cy/en/business/revolut-outage-reveals-banks-vulnerability-to-cloud-service-failures
The disruption to Revolut services caused by a Google Cloud failure on October 20 has drawn attention to the reliance of everyday banking on external technology providers and the challenges financial institutions face when essential digital systems become unavailable....
https://knews.kathimerini.com.cy/en/news/troodos-asbestos-mine-among-sites-covered-by-€302-400-in-public-tenders
Two public infrastructure contracts with a combined estimated value of €302,400 excluding VAT are now under evaluation following the closure of bidding on Tuesday, with works planned at the former Amiantos Mine and long-term maintenance of wastewater facilities at Troodos Camp....
https://knews.kathimerini.com.cy/en/news/government-spends-more-than-it-earns-as-deficit-grows
The Cypriot government spent nearly €143 million more than it brought in during the second quarter of 2026, as rising costs outpaced an increase in revenue, preliminary figures from the Statistical Service show....
https://knews.kathimerini.com.cy/en/news/cyprus-among-eu-countries-targeted-by-russia-linked-cyberattacks
Cyprus is among nine EU member states where cyberattacks or sabotage incidents linked to Russia have been reported, according to a new briefing by the European Parliamentary Research Service (EPRS), as European countries face increasing pressure from hostile activities that fall short of open warfare....
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/state-saves-€20-million-a-year-on-new-hires-starting-pay
The state saves €20.1 million annually by reducing entry-level pay scales for new civil service hires by 10%. The Finance Ministry has no intention of abolishing or revising the measure, which applies for 24 months....
https://knews.kathimerini.com.cy/en/news/when-your-ai-assistant-gets-the-keys-to-your-bank-account
Checking the balance, sorting the bills, finding where the salary went: There is plenty of household banking most people would happily leave to an assistant. But what happens when that assistant can act on your account and does something you never asked it to do?...
https://knews.kathimerini.com.cy/en/news/scholarship-foundation-still-clearing-2019-applications
The Cyprus State Scholarship Foundation continues to process applications that date back to 2019, according to its president, while facing staff shortages and missing resources following the transfer of responsibilities from the abolished Independent Social Support Body....
https://knews.kathimerini.com.cy/en/news/retire-at-63-the-pension-penalty-remains-a-sticking-point
The government has signaled a willingness to compromise on pension reform, revising its draft bill with three changes that offer concessions to unions and employers....
https://knews.kathimerini.com.cy/en/news/cyprus-nears-€150-million-deal-for-israeli-naval-vessels-and-weapons
Cyprus is close to a roughly €150 million agreement to buy Israeli naval vessels and weapons systems, a significant defense purchase for an island whose security interests extend from its coastline to its offshore energy resources....
https://knews.kathimerini.com.cy/en/news/two-porsches-€10-in-the-bank-and-inherited-water-inside-mps-finances
A London apartment, €200,000 worth of furniture, bank accounts holding loose change and an inheritance of ''running water'' are among the standout details in MPs’ asset declarations....
https://knews.kathimerini.com.cy/en/business/cyprus-links-€25-million-gsi-payment-to-greek-navtex
Cyprus has linked its planned €25 million payment for the Great Sea Interconnector (GSI) to the Greek government issuing a NAVTEX before the end of October, Energy Minister Michalis Damianou said on Monday....
https://knews.kathimerini.com.cy/en/news/the-illusion-of-cheap-fuel
The political paradox is that the state funds a public transport system that has failed to become a sufficiently reliable alternative for much of the population....
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/eight-bidders-€180-million-and-a-second-chance-for-cyprus-stalled-gas-terminal
Eight bidders, €180 million and one second chance for Cyprus’ failed gas terminal. The government is trying again to finish Vasiliko, a project meant to help bring down electricity costs that has instead become a costly lesson in delays....
https://knews.kathimerini.com.cy/en/news/state-services-order-culling-of-2-000-animals-to-eradicate-foot-and-mouth-disease
Approximately 2,000 animals across five livestock farms in Cyprus will be culled following infections identified during island-wide sample testing conducted in July, government officials confirmed on Monday....
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/business/chess-is-set-to-receive-30-million-euros-over-four-years-this-is-the-plan-of-the-new-fide-president-timur-turlov
On 26 September, at the Congress of the International Chess Federation (FIDE) in Samarkand, a new president was elected. The post was taken by 38-year-old Timur Turlov, founder and CEO of Freedom Holding. Over the next four years, he is prepared to invest around €30 million in the development of chess. This money will go towards creating a global ecosystem that will cater to both grandmasters and the millions of enthusiasts of this ancient game. What changes lie ahead for the world of chess?
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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/business/€1m-paid-to-650-farmers-with-new-€1-5m-support-opening-in-november
The state has paid out €1 million in financial support to 650 professional farmers and agricultural businesses, with another €1.5 million in emergency assistance set to become available through two new schemes in November....
