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/eu-presses-turkey-to-back-cyprus-talks-and-normalize-ties
The European Commission urged Turkey on Wednesday to normalize relations with the Republic of Cyprus and renew its support for United Nations-led reunification talks, stepping up pressure on Ankara days before the island’s two leaders are due to meet with a U.N. envoy....
https://knews.kathimerini.com.cy/en/business/more-than-€1-billion-spent-on-measures-to-curb-rising-prices-since-2023
The Government has allocated more than €1 billion since 2023 to help households cope with rising living costs, Finance Minister Makis Keravnos said, pointing to five support packages introduced in response to imported inflation and the energy crisis....
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/comment/opinion/cheaper-electricity-cyprus-gets-another-timetable
Cyprus pays the highest price per kilowatt-hour in Europe not because of some exceptional set of circumstances, but because of an energy model built on complete dependence on heavy fuel oil for electricity generation....
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/business/cyprus-s-import-bill-races-ahead-as-trade-gap-widens-by-€820-million
From the fuel in our cars to the goods arriving on shop shelves, Cyprus buys far more from abroad than it sells overseas. That gap has grown by almost €820 million in a year....
https://knews.kathimerini.com.cy/en/comment/opinion/when-desperation-targets-the-wrong-person
Frustration over rising rents, traffic congestion and government inaction is fueling attacks on food delivery workers in Cyprus, with racism turning vulnerable migrants into easy targets. Addressing the root causes requires stronger government action, better regulation and anti-racism education....
https://knews.kathimerini.com.cy/en/news/france-s-money-troubles-could-reach-your-wallet-in-cyprus
France’s financial problems may feel a long way from the weekly supermarket shop in Nicosia. But when they drag down the euro, the effects can travel....
https://knews.kathimerini.com.cy/en/news/u-s-troops-leave-iraq-shifting-the-regional-balance-toward-iran
The United States completed the withdrawal of its remaining troops from Iraq on Wednesday, closing another chapter in a military involvement that began with the invasion that toppled Saddam Hussein 23 years ago....
https://knews.kathimerini.com.cy/en/news/trump-and-xi-put-on-a-show-but-their-rivalry-could-still-hit-your-pocket
The red carpet was rolled out, the military band was ready and the two first ladies stood neatly beside their husbands....
https://knews.kathimerini.com.cy/en/news/royal-air-force-to-use-akrotiri-to-support-saudi-arabia-against-houthis
RAF Akrotiri is being drawn into another Middle East security operation, with Britain preparing to deploy a refueling aircraft from Cyprus to support Saudi Arabia against missile and drone attacks by Yemen’s Houthi rebels....
https://knews.kathimerini.com.cy/en/news/global-lng-prices-up-150-while-cyprus-terminal-remains-unfinished
Europe is scrambling to secure enough natural gas for winter, with global prices soaring as supplies from Qatar remain trapped behind one of the world’s most dangerous shipping bottlenecks....
https://knews.kathimerini.com.cy/en/news/fuel-tax-cut-will-stay-but-oil-surge-threatens-to-swallow-the-saving
The government has stopped one petrol-price increase from reaching Cyprus drivers, but the international oil market may be preparing another....
https://knews.kathimerini.com.cy/en/news/soaring-fuel-prices-threaten-a-new-wave-of-increases-across-cyprus
Cypriot consumers have returned to their daily routines facing steep fuel increases and the prospect of another chain reaction of higher prices for goods and services....
https://knews.kathimerini.com.cy/en/news/brussels-looks-to-polluters-and-old-gadgets-to-help-fund-europe-s-budget
The European Union is looking at pollution and discarded electronics to help fund its next seven-year budget, and Cyprus’ poor record on collecting old devices could make the plan particularly relevant to the island....
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/14-000-cigarettes-found-in-passenger-s-luggage-at-larnaca-airport
A suitcase packed with 14,000 cigarettes was seized at Larnaca airport shortly before its owner was due to fly to the United Kingdom, the Customs Department said Thursday....
https://knews.kathimerini.com.cy/en/news/four-west-nile-virus-cases-confirmed-in-cyprus
Four cases of West Nile virus have been confirmed in Cyprus since the beginning of the summer, while two additional suspected cases are undergoing further laboratory testing, health authorities said on Tuesday....
https://knews.kathimerini.com.cy/en/news/cyprus-may-be-far-from-iran-but-it-won-t-escape-the-fallout
Cyprus once again finds itself exposed to geopolitical developments and international turmoil. Renewed tensions between the United States and Iran, along with measures being considered by the Trump administration, are raising concerns about the possible impact on Europe and, by extension, Cyprus.
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https://knews.kathimerini.com.cy/en/news/that-€5-temu-order-could-cost-you-twice-as-much-in-cyprus
The €3 charge on low-cost online orders was apparently only the beginning....
https://knews.kathimerini.com.cy/en/news/nikos-christodoulides-expectation-vs-result
If the President decides to run for a second term, as all signs suggest he will, he cannot go back to voters in 2028 relying on the same sense of promise that brought him to power in 2023. By 2028, he will need concrete results, measured directly against his initial campaign promises....
https://knews.kathimerini.com.cy/en/news/cyprus-economy-is-growing-so-why-does-life-still-feel-so-expensive
Cyprus’ economy may be growing, but many households could be forgiven for wondering where that growth has gone....
https://knews.kathimerini.com.cy/en/life/who-will-fish-cyprus-waters-when-the-older-generation-steps-ashore
The future of Cyprus’ fishing harbors may depend not only on what remains in the sea but also on whether a new generation believes it can make a living from it....
https://knews.kathimerini.com.cy/en/news/cyprus-calls-in-200-tiny-assassins-to-save-its-papoutsosyka
Cyprus has called in foreign reinforcements to save one of its most familiar summer sights....
https://knews.kathimerini.com.cy/en/news/he-promised-imported-cars-police-say-€827-400-disappeared-instead
For anyone in Cyprus who has ever searched abroad hoping to find a better deal on a car, the alleged scheme sounds worryingly familiar: choose the vehicle, hand over the money and wait for it to arrive....
https://knews.kathimerini.com.cy/en/news/oil-prices-tumble-but-when-will-cyprus-drivers-feel-it-at-the-pump
Cyprus drivers watching international oil prices tumble may be asking a familiar question: If oil is getting cheaper, when will petrol follow?...
https://knews.kathimerini.com.cy/en/news/passenger-s-€57-000-watch-haul-ends-with-€15-000-bill-at-larnaca-airport
A passenger arriving at Larnaca Airport with three luxury watches in his suitcase ended up paying more than €15,000 before his journey was over....
https://knews.kathimerini.com.cy/en/comment/opinion/the-christine-lagarde-enigma
June's decision was never followed through. At the meeting one month later, the European Central Bank chose not to extend its restrictive monetary policy with another interest rate increase. The message in June had been clear. It was an immediate response to rising energy prices after fighting resumed in the Middle East....
https://knews.kathimerini.com.cy/en/news/turkey-begins-work-on-gas-pipeline-to-occupied-north-setting-its-sights-on-europe
Turkey has reportedly begun building a 101-kilometer natural gas pipeline linking its southern coast to the occupied north of Cyprus, in a move that could reshape the region's energy landscape if completed....
