https://knews.kathimerini.com.cy/en/business/cyprus-banks-hit-record-high-profits-despite-ecb-rate-cuts
Despite the European Central Bank (ECB) preparing for its sixth interest rate cut since June 2023, bank profits in Cyprus have soared, marking two consecutive years of record earnings. ...
https://knews.kathimerini.com.cy/en/business/how-cyprus-became-the-secret-hub-of-the-global-porn-industry
When people think of Cyprus, they picture sunny beaches, rich history, and perhaps a financial hub. But what few realize is that the island is also home to some of the world's biggest players in the adult content industry....
https://knews.kathimerini.com.cy/en/news/gene-hackman-found-dead-at-santa-fe-home-with-wife-and-dog
Oscar-winning actor Gene Hackman, beloved for his roles in iconic films such as The French Connection and Unforgiven, has passed away at the age of 94....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-rolls-out-the-red-carpet-for-civil-servants
A decade after the financial crisis that forced Cyprus to slash public sector benefits under the terms of its bailout agreement, the government is now gradually rolling back austerity measures — handing back perks to civil servants in a move seen as both politically strategic and potentially risky....
https://knews.kathimerini.com.cy/en/news/cyprus-tax-reform-a-win-for-families-a-challenge-for-businesses
Cyprus is set to undergo its first major tax reform in over 20 years, with changes expected to align the system with the country’s evolving economic landscape....
https://knews.kathimerini.com.cy/en/news/cyprus-international-theatre-festival-is-back-with-unforgettable-performances
After a highly successful first season in 2024, hosting artists such as John Malkovich, Kirill Serebrennikov, and Ivan Vyrypaev, the Cyprus International Theatre Festival (CITF) is returning...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-cancels-plan-to-sell-jcc-payment-systems
The process for the sale of JCC Payment Systems has been halted, bringing an end to the deal between JCC and Euronet that had been under consideration since the summer of 2024....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-posts-€508m-profit-for-2024
Bank of Cyprus has posted impressive results for 2024, reporting net profits of €508 million, marking a 4% increase from the previous year’s €487 million. The results reflect the bank's strong performance and growth, despite slight fluctuations in some areas....
https://knews.kathimerini.com.cy/en/news/is-cyprus-public-sector-too-large-hiring-freeze-lifted-amid-rising-costs
The Cyprus government is set to fully lift the ban on hiring permanent public sector employees, marking a significant shift from austerity measures imposed over a decade ago....
https://knews.kathimerini.com.cy/en/news/cyprus-improves-corruption-ranking-but-challenges-remain
Cyprus has made progress in its fight against corruption, according to Transparency International's 2024 Corruption Perceptions Index (CPI)....
https://knews.kathimerini.com.cy/en/news/freedom-holding-corp-reports-57-surge-in-q3-revenue-hits-$9-billion-market-cap-milestone
Freedom Holding Corp. (FRHC), the parent company of Freedom24, has announced two significant milestones: strong third quarter results for fiscal year 2025 and a record market capitalisation of $9 billion....
https://knews.kathimerini.com.cy/en/news/drifting-17-kilometers-nonstop-on-ice-a-guinness-world-records™-title-for-the-taycan
A few days ago, the Porsche Experience team in Lapland set a GUINNESS WORLD RECORDS title for the longest continuous vehicle drift on ice by an electric vehicle: ...
https://knews.kathimerini.com.cy/en/news/cypriot-karate-athletes-triumph-in-both-male-and-female-categories
Cypriot karatekas Loizos Vasiliou and Anna Michaelidou have made their country proud with impressive performances at the European Karate Championships held in Poland....
https://knews.kathimerini.com.cy/en/news/call-for-integrated-support-system-for-gifted-children
Despo Michaelidou, the Commissioner for the Protection of Children's Rights in Cyprus, has stressed the urgent need for a comprehensive and integrated approach to supporting gifted children....
https://knews.kathimerini.com.cy/en/news/1-consulco-s-newest-investment-opportunity-compartment-c
Consulco, a leading specialist investment manager with a distinguished 30-year history, proudly announces the launch of Compartment C of the LC London Credit AIF V.C.I.C. Public Ltd (“the London Credit Fund”). ...
https://knews.kathimerini.com.cy/en/news/cyprus-sweeps-thailand-in-davis-cup-edges-closer-to-b-division
Cyprus' national tennis team delivered a stellar performance in Nicosia on Saturday, securing a dominant 4-0 victory over Thailand in the Davis Cup. With this win, Cyprus advances to the final phase of the play-offs, bringing them closer to a coveted spot in the B division of the Davis Cup World Cup....
https://knews.kathimerini.com.cy/en/business/superhome-center-sold-to-greek-company-for-€94-million
The sale of Superhome Center to Vasilitsi DIY for €94 million has been approved by the Board of Directors of Ermes Department Stores Plc....
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/cyprus-marks-holocaust-remembrance-day-with-solemn-event-in-nicosia
In a solemn ceremony last night, held at the Melina Mercouri Hall, Cyprus joined the global community in observing International Holocaust Remembrance Day, honoring the six million Jews and millions of others who perished in one of history’s darkest chapters....
https://knews.kathimerini.com.cy/en/news/aegean-launches-scholarship-program-for-aspiring-aircraft-engineers
Training Scholarship program and immediate employment opportunities for future Aircraft Engineers by AEGEAN...
https://knews.kathimerini.com.cy/en/news/cyprus-masters-make-an-impressive-splash-at-international-swim-competition
The Cyprus Masters Swimming Team made an impressive splash at the Second International Damini Swimming Tournament in Bulgaria, securing a total of 15 golds, 6 silvers, and 1 bronze. ...
https://knews.kathimerini.com.cy/en/news/university-of-nicosia-ranks-1-in-cyprus-and-greece-in-four-subject-areas-in-2025
The University of Nicosia (UNIC) achieves top rankings in Cyprus and Greece across four subject areas, according to the 2025 Times Higher Education (THE) World University Rankings by Subject....
https://knews.kathimerini.com.cy/en/news/georgian-ballet-to-dazzle-paphos-in-march
World-class artistry is coming to Paphos this spring, as the renowned Georgian National Ballet Sukhishvili takes the stage for two breathtaking performances....
https://knews.kathimerini.com.cy/en/news/oroklini-to-receive-major-€12-million-upgrade-with-new-projects
Oroklini, a growing community near Larnaca, is gearing up for a major transformation, with a series of exciting projects set to enhance the area. ...
https://knews.kathimerini.com.cy/en/business/f1-s-bernie-ecclestone-to-part-with-iconic-race-car-collection
Former Formula 1 boss Bernie Ecclestone, 94, is selling a portion of his legendary private grand prix car collection, a move he says reflects his desire to plan for the future of his prized vehicles. ...
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/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....
https://knews.kathimerini.com.cy/en/life/the-incomparable-tania-tsanaklidou-for-one-concert-only-in-limassol
Tania Tsanaklidou, a performer who has left her mark with her voice and sensitivity on some of the most beloved songs of contemporary Greek repertoire, will take the stage on January 18 at the Rialto Theatre....
https://knews.kathimerini.com.cy/en/news/former-volunteerism-commissioner-seeks-judge-s-recusal-but-court-volunteers-to-stay-on-the-case
Former Commissioner for Volunteerism, Yiannakis Yiannaki, who faces eight charges of forgery and circulation of forged documents, appeared before the Nicosia District Court today with a new lawyer....
https://knews.kathimerini.com.cy/en/comment/opinion/2025-a-new-chapter-for-cyprus-s-property-market
2024 was both literally and figuratively a leap year. Metaphorically speaking, we anticipated this shift a year ago as we reflected on 2023 and made our predictions for the year ahead....
