https://knews.kathimerini.com.cy/en/business/fewer-americans-expected-in-cyprus-this-summer-as-travel-costs-rise
Cyprus, like the rest of Europe, may see fewer American tourists this summer as high travel costs and shifting preferences push U.S. travelers to rethink their vacation plans. ...
https://knews.kathimerini.com.cy/en/news/cyprus-airways-introduces-direct-flights-to-venice
Cyprus Airways announces the launch of a new seasonal route connecting Larnaca to Venice, commencing May 30 and running through September 29, 2025, with enticing fares starting at just €86 one way. ...
https://knews.kathimerini.com.cy/en/business/nasdaq-listed-freedom-24-is-making-its-mark-in-cyprus-and-beyond
When Timur Turlov, the CEO of Freedom Holding Corp., set his sights on Cyprus, he saw more than just a financial hub—he saw opportunity. In a market where fintech companies are staking their claims, ...
https://knews.kathimerini.com.cy/en/business/cyprus-central-bank-sets-interest-rate-limits-to-protect-consumers
The Central Bank of Cyprus (CBC) has announced that the official reference interest rate will be set at 11.50%. This means that banks and other lenders in Cyprus must not charge higher rates than this when offering loans, extending payment terms, or renewing loans. ...
https://knews.kathimerini.com.cy/en/news/cyprus-tax-reform-aiming-for-innovation-sustainability-and-simplicity
A major tax reform is underway in Cyprus as part of the Tax Transformation Project, led by the Centre for Economic Research (CER) at the University of Cyprus. ...
https://knews.kathimerini.com.cy/en/business/cyprus-ended-2024-with-a-banking-boom-as-loans-and-deposits-surged
Cyprus closed out 2024 with a surge in banking activity, as both loans and deposits saw substantial increases, according to the latest data from the Central Bank of Cyprus (CBC). ...
https://knews.kathimerini.com.cy/en/news/farmers-urged-to-milk-opportunities-for-halloumi-s-future
Goat and sheep farmers must work strategically to overcome seasonal challenges and meet growing demands for PDO Halloumi....
https://knews.kathimerini.com.cy/en/comment/opinion/a-green-planet-with-india-leading-the-way
Climate Change is a defining challenge of our times but as the world hurtles toward an escalating climate crisis, India is stepping into a global leadership role to tackle climate change. ...
https://knews.kathimerini.com.cy/en/business/abu-dhabi-s-purehealth-expands-into-cyprus
Cypriot citizens may soon see noticeable changes in their healthcare services following a significant acquisition deal involving PureHealth, an Abu Dhabi-based healthcare company....
https://knews.kathimerini.com.cy/en/news/100-tax-on-foreign-buyers-in-spain
Spain’s Prime Minister Pedro Sanchez has proposed bold measures to address the country’s housing crisis, including a 100% tax on homes purchased by non-EU foreigners....
https://knews.kathimerini.com.cy/en/news/eu-launches-€5-million-scholarship-fund-for-turkish-cypriots
The European Commission's office in Cyprus has announced the launch of the EU Scholarship Programme for the Turkish Cypriot community for the academic year 2025–2026. ...
https://knews.kathimerini.com.cy/en/news/1-cyprus-moves-closer-to-energy-independence-as-drilling-begins-in-block-5
Excitement is building as drilling in Block 5 of Cyprus’ exclusive economic zone (EEZ) officially began on Friday. President Nikos Christodoulides announced the development with enthusiasm, highlighting its potential to position Cyprus as a key player in the European energy market....
https://knews.kathimerini.com.cy/en/news/long-awaited-highway-finally-on-track-with-€330-million-price-tag
The long-delayed Polis Chrysochous-Paphos highway project, now estimated to cost a staggering €330 million, is finally moving forward with a completion target set for 2030-2032....
https://knews.kathimerini.com.cy/en/business/construction-permits-surge-in-2024-but-stumble-in-august-due-to-system-hiccups
Building activity in Cyprus showed strong momentum in the first eight months of 2024, with construction permits climbing 8.6% compared to the same period in 2023....
https://knews.kathimerini.com.cy/en/news/greek-ing-the-system-trump-s-greek-american-allies-shape-u-s-policy
Donald Trump’s administration is certainly influenced by several Greek Americans who are playing key roles in shaping U.S. policies. As Trump gets ready to be sworn in for his second term, these Greeks are not only helping to execute his vision but also ensuring that the U.S.-Greece relationship remains strong....
https://knews.kathimerini.com.cy/en/news/trump-s-tariff-plans-could-hurt-cyprus-economy
The looming inauguration of U.S. President-elect Donald Trump has stirred concern across the Eurozone, and Cyprus is no exception....
https://knews.kathimerini.com.cy/en/news/cyprus-smashes-tourism-records-with-over-4-million-visitors-in-2024
Cyprus is celebrating a record-breaking year for tourism, with 2024 marking the first time the island welcomed over four million visitors. A total of 4,040,200 tourists arrived last year, surpassing the previous record of 3,976,777 set in 2019. ...
https://knews.kathimerini.com.cy/en/news/deadly-crash-in-kyrenia-claims-lives-of-mother-and-daughter
In a tragic incident early this morning, a 41-year-old mother and her 12-year-old daughter lost their lives in a traffic accident in the occupied Bogazi district of Kyrenia....
https://knews.kathimerini.com.cy/en/news/unions-push-back-on-new-foreign-worker-rules
Trade unions are clashing over the proposed framework for regulating the employment of workers from third countries. ...
https://knews.kathimerini.com.cy/en/news/us-greenlights-defense-aid-to-cyprus-in-historic-move
The White House has announced a landmark decision that directly impacts Cyprus and its role in the Eastern Mediterranean....
https://knews.kathimerini.com.cy/en/business/your-direct-path-to-dubai-through-ifza
LLPO Law Firm is proud to organise a Free Business Networking Event in Cyprus, in collaboration with IFZA Dubai (an International Free Zone Authority),...
https://knews.kathimerini.com.cy/en/news/cyprus-banks-see-€1-billion-in-profits-as-npl-s-decline-in-2024
Cypriot banks reported impressive financial growth in the first nine months of 2024, with total profits reaching €952.5 million after taxes, a sharp rise from €602.92 million by mid-year.
...
https://knews.kathimerini.com.cy/en/news/poland-to-prioritize-security-on-all-fronts-during-its-eu-presidency
Poland has laid out an ambitious roadmap for its 2025 Presidency of the Council of the European Union, with security taking center stage. Ambassador Marek Szczepanowski presented the priorities on Tuesday at the House of Europe in Nicosia, under the presidency’s guiding motto: “Security, Europe!”...
https://knews.kathimerini.com.cy/en/business/january-newsletter-of-k-treppides-co-ltd-03-01-2025
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...
https://knews.kathimerini.com.cy/en/news/first-cypriot-appointed-to-helm-global-shipping-powerhouse
The appointment of a Cypriot as Secretary General/CEO of the International Chamber of Shipping (ICS) is a major vote of confidence in the Cypriot shipping industry....
https://knews.kathimerini.com.cy/en/news/greece-cracks-down-on-airbnb-rentals
In a bold step to address its worsening housing crisis, Greece has introduced sweeping legislation to clamp down on short-term rentals listed on platforms like Airbnb. ...
https://knews.kathimerini.com.cy/en/news/cyprus-house-prices-rise-for-11th-consecutive-quarter
House prices in Cyprus are on the rise again, according to the latest figures from the Statistical Service. ...
https://knews.kathimerini.com.cy/en/news/wizz-air-launches-cabin-crew-recruitment-days-in-larnaca
Wizz Air, EMEA's most environmentally sustainable airline , is thrilled to invite aspiring professionals in Cyprus to take part in its Cabin Crew Open Day Recruitment events in Larnaca this January. ...
https://knews.kathimerini.com.cy/en/business/cyprus-airports-hit-record-breaking-passenger-traffic-in-2024
Passenger traffic at Larnaca and Paphos airports hit an all-time high in 2024, marking a milestone for Cyprus’ travel sector, according to the Ministry of Transport, Communications and Works....
https://knews.kathimerini.com.cy/en/news/1-ai-to-shake-up-banking-putting-thousands-of-jobs-at-risk
The global banking industry is bracing for a seismic shift as artificial intelligence (AI) continues to revolutionize the sector. A recent study by Bloomberg Intelligence predicts that up to 200,000 jobs in banking will be eliminated over the next three to five years as AI takes over tasks currently performed by employees....