https://knews.kathimerini.com.cy/en/news/rapid-expansion-for-cyprus-airways
Cyprus Airways in the first half of 2023 carried a total of 260,000 passengers marking a steep increase of 300% year on year, while it doubled its operations compared with June of last year....
https://knews.kathimerini.com.cy/en/news/larnaca-piraeus-ferry-ready-to-set-sail-in-ten-days
In ten days, on July 29, the Larnaca - Piraeus ferry line is set to launch, and the demand has surged, with the Daleela ferry already fully booked. According to Deputy Minister of Shipping, Marina Hadjimanoli, who spoke on the show "Διασπορά Ειδήσεων" on SPOR FM,...
https://knews.kathimerini.com.cy/en/news/varosha-hotels-now-accepting-bookings-for-2025
The latest developments in Varosha have been brought to light by Yeni Bakis newspaper. ...
https://knews.kathimerini.com.cy/en/news/pseudo-gov-t-pushes-forward-with-controversial-marina-project-in-varosha
The self-declared pseudo-government in the occupied areas has made a decision to proceed with the construction of a marina intended for private boats and tourism development in Varosha, an area belonging to the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/news/applications-open-for-rent-in-exchange-program
"The submission of applications for the 'Rent in Exchange for Installment' program will begin in October," said Ioanna Markidou, Chief Economist A' at the Ministry of Finance, in a statement to CNA....
https://knews.kathimerini.com.cy/en/news/sweden-s-nato-membership-hangs-in-the-balance-as-turkey-poses-last-minute-hurdle
The developments surrounding Sweden’s NATO membership are rapidly unfolding, with indications pointing towards an imminent announcement of an agreement during the Vilnius summit held on July 11-12. However, there remains the possibility that Turkey may disrupt the proceedings at the last moment....
https://knews.kathimerini.com.cy/en/business/cyprus-airways-upgrades-fleet-to-a220-unveiling-joint-conference-with-airbus-at-paris-air-show-2023
https://knews.kathimerini.com.cy/en/business/nicosia-attracts-millions-in-investment-opportunities
A new investment exceeding 60 million euros is currently in the study phase, focusing on the development of a strategically positioned plot in Nicosia. ...
https://knews.kathimerini.com.cy/en/news/climate-change-and-increased-wildfires
The occurrence of the first wildfires just before we officially enter the summer period can be perceived as a warning of the danger that Cyprus faces in experiencing extreme environmental destruction from fires in the coming period....
https://knews.kathimerini.com.cy/en/news/local-home-buyers-feel-priced-out-in-divided-cyprus
Cypriots on both sides of the divided island have been noticing real estate prices going up in recent years due to foreign buyers willing shell out more, with reports suggesting the trend is going nowhere but up...
https://knews.kathimerini.com.cy/en/business/attica-s-real-estate-market-delivers-126-returns-in-last-5-years
The housing market has recently evolved into one of the most profitable investments, with a return of up to 126% during the last five years (2017-2022)....
https://knews.kathimerini.com.cy/en/news/chevron-pushes-forward-with-cyprus-tricky-move
Chevron has reportedly started drilling a key appraisal well offshore Cyprus, a development mired in geopolitical controversy over the ethnically-split island as well as neighbor relations...
https://knews.kathimerini.com.cy/en/news/€130m-grant-plan-proposed-for-358-refugee-apartment-buildings
In an effort to effectively manage buildings in government housing estates and address observed structural issues, the Ministry of Interior has prepared a comprehensive Sponsorship Plan to be presented at Friday's Cabinet meeting. ...
https://knews.kathimerini.com.cy/en/business/mep-s-pass-bill-banning-home-sales-or-rentals-without-energy-upgrade
All properties available for sale or rent must incur compulsory energy upgrade costs, costing tens of thousands of euros, from 2030 onward, based on what is stated in the relevant European Union directive....
https://knews.kathimerini.com.cy/en/news/petrol-stations-open-their-doors-to-electric-mobility
Petrolina Holdings Public announced last month the installation of the first state-of-the-art electric vehicle rapid charging charger at its petrol station in Larnaca's GSZ district....
https://knews.kathimerini.com.cy/en/news/hsbc-buys-failed-silicon-valley-bank-in-bid-to-stem-fallout
Governments in the UK and the U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down....
https://knews.kathimerini.com.cy/en/news/early-data-point-to-large-gas-deposits-off-crete
Seismic data obtained so far by the Sanco Swift, the Norwegian exploration vessel leased by ExxonMobil, southwest of the island of Crete, allegedly point to the existence of large natural gas deposits in the area...
https://knews.kathimerini.com.cy/en/comment/opinion/the-2023-investment-chessboard
Today's data is completely different from what it was a year ago in terms of investment....
https://knews.kathimerini.com.cy/en/news/ft-former-pwc-cyprus-accountants-take-on-company-s-russian-clients
A group of PwC partners has launched a breakaway firm in Cyprus to take on work from Russia-linked clients that the Big Four accountants will no longer touch....
https://knews.kathimerini.com.cy/en/news/cypriot-president-meets-pope-at-the-vatican
Cypriot President Nicos Anastasiades met with Pope Francis at the Vatican on Monday, with the two men reportedly discussing bilateral issues including refugees following the Holy Father’s visit to the divided island last year...
https://knews.kathimerini.com.cy/en/news/eurocontrol-approved-flight-plan-of-turkish-spy-plane
A Turkish spy plane that flew on Thursday within the Nicosia FIR (Flight Information Region) claims to have submitted its flight plan to Eurocontrol, which it followed, and, consequently, did not violate the 5 nautical miles and 3 thousand meters height required by NOTAM issued by the Republic of Cyprus, a well-informed source has stated....
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-benefits-in-kind
There are a number of commercial benefits that come with registering the property in the name of a legal entity rather than as an individual e.g. for asset protection purposes as it provides protection against personal insolvency since a property that is in the name of a legal entity should not be affected should the individual becomes personally insolvent....
https://knews.kathimerini.com.cy/en/news/plot-thickens-as-greece-irked-over-antonov-crash
Athens says Belgrade and Kiev had not shared information about dangerous cargo on board a Cypriot company-owned Antonov that crashed-landed in northern Greece, with the plot thickening after recipient Bangladesh denied Serbian reports that Dhaka was expecting mines onboard the aircraft leased to a Ukrainian company...
https://knews.kathimerini.com.cy/en/business/ey-survey-energy-security-concerns-reinforce-government-focus-on-renewable-energy-programs
Energy security has risen to the top of government priority lists in the wake of geopolitical instability and spiralling gas prices....
https://knews.kathimerini.com.cy/en/business/myth-buster-ifrs-17-an-accounting-standard-for-insurance-contracts
As the title attests, this short article aims at busting the myth which states that IFRS 17 – Insurance Contracts is only relevant for insurers or for companies regulated as insurance entities. ...
https://knews.kathimerini.com.cy/en/business/cost-of-living-crisis-pushing-people-to-become-airbnb-hosts
A recent study by Airbnb conducted with more than 70,000 EU hosts and guests reveals for the first time that the cost-of-living crisis is pushing people to become hosts on Airbnb....
https://knews.kathimerini.com.cy/en/news/us-diplomat-it-would-be-political-suicide-if-putin-withdraws
An interminable and unwinnable war in Europe? That’s what NATO leaders fear and are bracing for as Russia’s war in Ukraine grinds into its third month with little sign of a decisive military victory for either side and no resolution in sight....
https://knews.kathimerini.com.cy/en/business/major-projects-underway-in-larnaca-nicosia
The Cyprus real estate and construction sectors are moving past the demise of the scrapped Citizenship for Investment Programme, turning their attention to the capital and the once-neglected coastal town of Larnaca, while Limassol, with its high-rises and cosmopolitan lifestyle, is still seeing part of the action....
https://knews.kathimerini.com.cy/en/business/russia-is-seizing-western-built-airliners-while-sanctions-block-parts-maintenance-and-support
On Monday, Russian President Vladimir Putin signed a law that will allow Russian airlines to take control of hundreds of the Western-built planes leased from international firms, Russian news agency TASS reported, per The Wall Street Journal....
https://knews.kathimerini.com.cy/en/news/roman-abramovich-can-t-pay-queen-£10-000-rent-he-may-owe-for-£107m-mansion
Chelsea owner Roman Abramovich can't pay the Queen the £10,000 rent he may owe for the land his £107million mega-mansion sits on....