https://knews.kathimerini.com.cy/en/news/which-goods-and-services-are-eating-into-household-incomes
Prices across several essential categories of goods and services have risen over the past four years, eating further into household budgets. With the sharpest annual increases now seen in transport, housing, energy and fuel, inflation remains firmly in the picture, steadily eroding households’ purchasing power....
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/guilfoyle-faces-lawsuit-as-trump-donor-threatens-to-release-phone-recording
Two days after the Trump administration asked Kimberly Guilfoyle to resign as U.S. ambassador to Greece over allegations that she sought help paying a $100,000 credit card bill in exchange for political access, donor Eric Deters announced a defamation lawsuit against her, and threatened to release a phone recording he claims could shake the administration....
https://knews.kathimerini.com.cy/en/news/energy-bills-schengen-and-the-power-cable-cyprus-priorities-in-brussels
For households watching their energy bills and businesses struggling with running costs, President Nikos Christodoulides took a practical request to Brussels: Give governments more room to help....
https://knews.kathimerini.com.cy/en/news/a-swiss-bank-without-switzerland-ubs-weighs-a-move-abroad
How big can a bank become before its home country can no longer afford to rescue it? That question is at the heart of a dispute in Switzerland, where banking giant UBS is considering whether its future could lie abroad....
https://knews.kathimerini.com.cy/en/news/would-you-pay-$14-million-for-a-secondhand-shirt-this-buyer-did
If buying your child a basketball jersey feels expensive, here’s a little perspective: Someone has just paid $14 million for Michael Jordan’s....
https://knews.kathimerini.com.cy/en/news/€502-sewage-bill-but-no-sewerage-system-just-yet
The sewage bill has arrived. The sewerage system has not. Residents in Polis Chrysochous are challenging higher charges for a project whose construction is now expected to begin in 2027, leaving property owners paying more before work gets underway....
https://knews.kathimerini.com.cy/en/business/cost-of-living-soars-as-nicosia-seeks-european-breathing-room
The energy crisis and rising living costs have forced governments to scramble to keep up with support measures for businesses and households. With external factors driving prices higher showing no signs of improvement and conditions instead getting worse, Cyprus is calling for countries with sound economic indicators to be given greater fiscal flexibility to provide financial support....
https://knews.kathimerini.com.cy/en/news/limassol-to-launch-campaign-encouraging-more-people-to-use-public-transport
The government plans to encourage more people to use buses as part of efforts to tackle severe traffic congestion in Limassol, with the Transport Ministry preparing a public information campaign and reviewing existing services to identify where improvements are needed....
https://knews.kathimerini.com.cy/en/diplomatica/trump-s-ambassador-to-greece-resigns-after-allegations-of-misconduct
Kimberly Guilfoyle has resigned as the United States ambassador to Greece following weeks of allegations about her conduct, including claims that she sought personal financial assistance from a political donor in exchange for access to senior administration officials....
https://knews.kathimerini.com.cy/en/news/three-cyclists-robbed-in-80-minutes-in-limassol
Three people riding bicycles through Limassol were robbed in the space of 80 minutes early Tuesday, with one woman knocked to the ground as attackers snatched her bag....
https://knews.kathimerini.com.cy/en/news/higher-pensions-sooner-under-revised-reform-plan
Pensioners would receive their full increases sooner, and people who get a better pension under the current rules would keep those rules for longer, under changes announced Monday by Labor Minister Marinos Mousiouttas....
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/news/trump-and-rubio-weigh-removing-guilfoyle-as-u-s-ambassador-to-greece
Kimberly Guilfoyle’s future as U.S. ambassador to Greece is under discussion at the highest level in Washington, with President Donald Trump and Secretary of State Marco Rubio considering her removal, according to the Associated Press....
https://knews.kathimerini.com.cy/en/news/eu-lawmakers-voted-for-tougher-action-on-muslim-brotherhood-linked-networks
The European Parliament has backed a tougher approach to networks linked to the Muslim Brotherhood, calling for closer scrutiny of their funding and influence and an assessment of whether associated individuals and organizations should face EU terrorism sanctions....
https://knews.kathimerini.com.cy/en/comment/opinion/the-european-‘bogeyman-that-got-cyprus-moving
Cyprus is on track to absorb 97.3% of its EU Recovery and Resilience Facility funding, showing how the threat of lost money helped push long-delayed reforms forward....
https://knews.kathimerini.com.cy/en/news/delivery-drivers-could-get-a-police-linked-‘red-button-for-attacks
Delivery drivers in Cyprus could soon have access to an emergency “red button” that would alert police directly if they are attacked, under a proposal put forward by Justice and Public Order Minister Kostas Fytiris....
https://knews.kathimerini.com.cy/en/news/fuel-and-household-bills-squeeze-cyprus-budgets-as-inflation-reaches-3-7
The drive to work, the electricity bill, and the weekly supermarket shop are putting more pressure on household budgets, with inflation in Cyprus reaching 3.7% in September....
https://knews.kathimerini.com.cy/en/news/rubio-greek-turkish-conflict-‘unthinkable-u-s-backs-cyprus-power-link
U.S. Secretary of State Marco Rubio described the prospect of a Greek-Turkish conflict as “unthinkable” in an interview with Kathimerini. ...
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?
...
https://knews.kathimerini.com.cy/en/news/government-seeks-stronger-powers-to-seize-crime-profits-even-without-a-conviction
A bill bringing Cyprus into line with EU Directive 2024/1260 on asset recovery and confiscation represents an important tool in the fight against money laundering....
https://knews.kathimerini.com.cy/en/comment/opinion/france-welcome-to-greece-s-2010
“Good morning, France. Welcome to what Greece went through in 2010.” I have always believed that France is the hardest country in Europe to reform and that if it were forced to do what we did under the bailout agreements, we would see another storming of the Bastille....
https://knews.kathimerini.com.cy/en/news/six-major-eu-countries-face-a-€4-8-trillion-debt-‘bomb
Borrowing money was once so cheap that some European governments paid no interest at all. Now those debts are coming due, and replacing them will cost considerably more....
https://knews.kathimerini.com.cy/en/news/akamas-works-caused-damage-that-cannot-be-undone-audit-finds
The Audit Office has identified serious gaps in the environmental safeguards for construction projects in Akamas, highlighting weaknesses stretching from the initial planning and environmental assessment to construction, supervision, and the handling of violations....
https://knews.kathimerini.com.cy/en/life/her-daughter-came-home-after-471-days-learning-to-be-her-mother-again-came-next
''You weren’t there to hold my hand when I needed you.'' Romi Gonen said those words to her mother after coming home from 471 days in Hamas captivity....
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/double-your-money-in-50-days-greek-police-uncover-alleged-$8-million-crypto-pyramid-scheme
At least 10,000 people were reportedly recruited into an investment scheme that raised about $8 million by promising to double their money within 50 days through cryptocurrency trading powered by artificial intelligence....
https://knews.kathimerini.com.cy/en/business/could-we-soon-pay-without-visa-or-mastercard-europe-is-building-another-option
You pay for a coffee, buy something online or send money to a friend abroad. It takes seconds. But behind that everyday transaction lies a bigger question: who controls the systems that keep money moving?...
https://knews.kathimerini.com.cy/en/business/start-your-next-shop-from-your-fridge-lidl-cyprus-powerful-campaign-to-reduce-food-waste
A year after the "Our Strength" campaign, the company returns on the International Day of Awareness of Food Loss and Waste with a simple yet highly significant message for its customers—one that saves money and contributes substantially to reducing food waste.
...
https://knews.kathimerini.com.cy/en/news/central-bank-keeps-banks-safety-cushion-at-1-5-what-does-that-mean-for-you
The Central Bank of Cyprus has decided to keep the country’s countercyclical capital buffer at 1.5%, a term that sounds technical but essentially means banks must continue keeping extra money in reserve for difficult times....
