https://knews.kathimerini.com.cy/en/news/nato-surrounds-chinese-ship-over-undersea-cable-sabotage
Authorities are investigating the deliberate cutting of two undersea internet cables connecting Finland and Sweden to Central Europe last week, suspecting sabotage by a Chinese cargo vessel. ...
https://knews.kathimerini.com.cy/en/news/court-hands-down-stiff-sentences-in-major-extortion-and-embezzlement-case
In a significant move against financial crime, the Criminal Court in Larnaca has handed down tough sentences to two men involved in an elaborate scheme of extortion, embezzlement, and money laundering. ...
https://knews.kathimerini.com.cy/en/news/ex-official-sued-over-fraud-allegations-and-damaging-audit-report
A legal battle has erupted in Cyprus, with the former Commissioner for the Development of Mountain Communities, Giannakis Papadouris, and V.V. Lampadistis Wineries Limited filing a lawsuit against Odysseus Michaelides....
https://knews.kathimerini.com.cy/en/news/cyprus-secures-€115-million-in-second-payment-under-eu-recovery-plan
Cyprus has received its second payment under the EU's Recovery and Resilience Facility (RRF), with €115 million granted after successfully fulfilling 37 out of 38 agreed milestones....
https://knews.kathimerini.com.cy/en/business/houses-and-flats-for-sale-by-astrobank
AstroBank has listed for sale houses and flats that can be used for owner occupancy or as an investment in Paphos, Famagusta, and Nicosia....
https://knews.kathimerini.com.cy/en/business/fake-ariel-detergent-scheme-busted-in-europe
Latvian authorities have uncovered a large-scale counterfeiting operation involving Ariel laundry detergent, accusing two Lithuanian citizens of producing and distributing fake products across Europe....
https://knews.kathimerini.com.cy/en/news/22-million-users-cut-off-as-europe-s-largest-piracy-ring-busted
In a sweeping operation spanning multiple countries, Italian police dismantled a massive illegal streaming network that served more than 22 million users across Europe. Dubbed ''Operation Takendown''...
https://knews.kathimerini.com.cy/en/business/eurobank-s-€1-2-billion-investment-in-cyprus-signals-confidence
According to Kathimerini's Panayiotis Rougalas, Eurobank has made significant strides in its investment in the Cypriot banking sector, particularly with its ongoing acquisition of Hellenic Bank....
https://knews.kathimerini.com.cy/en/news/bomb-explosion-targets-vehicles-in-germasogeia
A bomb exploded in a garage in the Panioti area of Germasogeia late on Tuesday night, November 26, sparking a fire that destroyed multiple vehicles. ...
https://knews.kathimerini.com.cy/en/business/cyprus-receives-major-credit-rating-boost-from-moody-s
Last Friday, Moody’s delivered a major endorsement of Cyprus’ economic progress, upgrading its credit rating by two notches, from Baa2 to A3, with a stable outlook, according to a report by Panayiotis Rougalas. ...
https://knews.kathimerini.com.cy/en/business/200-foreign-companies-and-1-200-new-jobs-in-cyprus-in-six-months
Cyprus is experiencing a surge in foreign investment, with approximately 200 international companies establishing operations in the country during the first half of the year. ...
https://knews.kathimerini.com.cy/en/comment/opinion/limassol-s-growth-deserves-equal-support
Who is driving development projects in Limassol, and how far have they progressed? Who decides how state development funds are allocated, and based on what criteria?...
https://knews.kathimerini.com.cy/en/business/eurobank-acquires-full-control-of-hellenic-bank
Eurobank has taken a significant step in consolidating its presence in Cyprus, announcing the acquisition of a controlling stake in Hellenic Bank, according to a report by Panyiotis Rougalas....
https://knews.kathimerini.com.cy/en/business/paphos-fc-owner-among-77-investors-stripped-of-golden-passports
Sergey Lomakin, owner of Paphos FC, is among 77 foreign investors whose Cypriot citizenship, obtained through the controversial "golden passport" scheme, has been revoked by the Council of Ministers....
https://knews.kathimerini.com.cy/en/business/limassol-man-scammed-out-of-$110-000-in-cryptocurrency-fraud
A 26-year-old man in Limassol has fallen victim to a cryptocurrency scam, losing over $110,000 in an alleged online investment fraud, according to a complaint filed with the police earlier today....
https://knews.kathimerini.com.cy/en/comment/opinion/geoeconomic-tensions-and-cyprus-staying-the-course-amid-challenges-ahead
Geoeconomic fragmentation, the reversal of progress towards global economic and financial integration due to political and military conflict and strategic policy decisions, is rising....
https://knews.kathimerini.com.cy/en/news/major-cocaine-bust-in-cyprus-30kg-found-in-cargo-shipment
A large quantity of drugs was discovered by members of the Cyprus Drug Law Enforcement Unit (YKAN) following a tip-off and investigation. Authorities seized a total of 30 kilograms of mixed-weight cocaine, found inside a carry-on bag within a shipping container....
https://knews.kathimerini.com.cy/en/news/cypriot-policeman-investigated-for-allegations-of-necrophilia-at-british-bases-morgue
A shocking crime investigation is underway involving a Cypriot policeman working for the British Bases, who has been accused of engaging in necrophilic acts with corpses at the Base morgue...
https://knews.kathimerini.com.cy/en/comment/opinion/vafeadis-everyone-is-responsible-for-their-own-car
''Everyone is responsible for their own car,'' said the Minister of Transport, Mr. Vafeadis, regarding the problematic – and deadly – airbags found in tens of thousands of unsuspecting drivers’ cars on Cypriot roads...
https://knews.kathimerini.com.cy/en/news/woman-arrested-at-paphos-airport-for-assault-and-impersonation
Police in Paphos have arrested a 37-year-old on multiple charges, including assaulting a police officer, resisting arrest, causing alarm, and impersonation....
https://knews.kathimerini.com.cy/en/business/primary-residence-and-the-benefit-of-5-reduced-vat-rate
Nowadays having your own permanent residence is a must, however the cost for the acquisition or construction of a house/apartment has significantly increased in the last few years....
https://knews.kathimerini.com.cy/en/business/eib-president-nadia-calvino-to-visit-cyprus-for-talks-and-office-opening
Nadia Calviño, the President of the European Investment Bank (EIB), is set to make her first official visit to Cyprus on Friday, November 22, where she will open the new EIB Group office and hold talks with Cypriot leaders....
https://knews.kathimerini.com.cy/en/business/16-real-estate-investment-opportunities-by-astrobank
AstroBank has listed for sale large residential fields across Cyprus that are ideal for investment purposes....
https://knews.kathimerini.com.cy/en/news/student-killed-in-overloaded-car-driver-six-times-over-legal-limit
Authorities in Nicosia are continuing their investigation into a fatal car crash that killed 20-year-old Irini Kontogiorgou, a Greek university student, early Sunday morning....
https://knews.kathimerini.com.cy/en/news/acropolis-facing-mansion-in-athens-sparks-legal-dispute-over-false-sale-listing
The family of the late Elias Barbalias, a prominent Greek real estate developer, has denied authorizing the sale of their luxurious mansion overlooking the Acropolis, following a report about its listing earlier this week. ...
https://knews.kathimerini.com.cy/en/news/rising-food-prices-leave-cypriot-households-struggling
A recent survey reveals that consumers in Cyprus are increasingly worried about their financial future, as rising food costs and economic challenges weigh heavily on households....
https://knews.kathimerini.com.cy/en/business/cyprus-court-upholds-tougher-rules-for-glamping-projects
The Supreme Constitutional Court recently made a decision that has significant implications for luxury camping (glamping) and visitor farm projects in Cyprus. ...
https://knews.kathimerini.com.cy/en/business/50-million-luxury-shoppers-pull-back-as-market-slows
For the first time since the 2009 financial crisis, the luxury goods market is losing its shine. A whopping 50 million shoppers have stopped splurging on designer bags, watches, and other high-end items, according to Bain & Company’s latest report....
https://knews.kathimerini.com.cy/en/news/botched-robbery-ends-in-disaster-as-suspect-loses-leg
Paphos Police have arrested two men in connection with a botched burglary that resulted in serious injuries and a complex web of alleged crimes, including conspiracy to commit a felony, housebreaking, and providing false information to authorities....
https://knews.kathimerini.com.cy/en/news/new-applications-for-startups-will-be-accepted-at-the-idea-innovation-center
New applications from talented entrepreneurs who have an innovative idea and are determined to turn it into a startup business are now being accepted by the IDEA Innovation Center of Bank of Cyprus until 14th February 2025....
