https://knews.kathimerini.com.cy/en/business/ice-cream-prices-melt-wallets-by-8-07-more
As temperatures rise, so do the prices of summer essentials in Cyprus, with ice creams, package holidays, and hotel stays seeing noticeable hikes compared to last month, according to data released by the Cyprus Consumers Association....
https://knews.kathimerini.com.cy/en/news/nissi-beach-in-ayia-napa-named-best-in-europe-for-2024
Ayia Napa's Nissi Beach has once again clinched a prestigious accolade, being crowned the top beach in Europe for this year by travel insurance experts at Quotezone.co.uk....
https://knews.kathimerini.com.cy/en/news/luxury-retailers-saks-and-neiman-marcus-merge-in-big-deal
A new luxury retail giant is emerging in the United States as the parent company of Saks Fifth Avenue acquires Neiman Marcus for $2.65 billion....
https://knews.kathimerini.com.cy/en/news/temu-shein-ali-express-eu-cracks-down-on-chinese-imports
The European Union is taking steps to clamp down on the surge of low-quality Chinese imports flooding its markets. According to sources speaking to the Financial Times, the EU plans to impose tariffs on cheap products from platforms like Temu, Shein, and AliExpress....
https://knews.kathimerini.com.cy/en/news/reflect-festival-highlights-traffic-and-housing-challenges-in-limassol
The recent Reflect Festival brought forth crucial discussions on pivotal issues affecting Limassol, prominently featuring traffic congestion and housing shortages as central topics. ...
https://knews.kathimerini.com.cy/en/news/cyprus-trade-sector-sees-20-7-surge-in-2022-turnover
Turnover in the broad trade sector increased in 2022 by 20.7%, according to the results of the Wholesale and Retail Trade Survey, published by the Statistical Service on Wednesday....
https://knews.kathimerini.com.cy/en/news/cbc-to-keep-dividends-low-despite-bank-profits
The increased profitability of Cypriot banks, will not affect the supervisory authorities’ views over the necessity to maintain a prudent policy with respect to banks’ dividend payments, the Central Bank of Cyprus said in its annual report for 2023, published on Wednesday....
https://knews.kathimerini.com.cy/en/business/5-real-estate-investment-opportunities-by-astrobank
AstroBank has listed for sale a commercial property consisting of three shops in Larnaca as well as residential and agricultural real estate ideal for investment in Larnaca, Paphos, and Famagusta....
https://knews.kathimerini.com.cy/en/business/cyprus-airways-launches-direct-flights-to-barcelona
Cyprus Airways is excited to announce the launch of its new direct flights from Larnaca to Barcelona, commencing on the 3rd of July. This new route will operate twice weekly, on Wednesdays and Sundays, providing passengers with a convenient and comfortable travel option to one of Europe's most vibrant cities....
https://knews.kathimerini.com.cy/en/business/dior-bags-assembled-for-€53-sold-at-€2-600
Italian authorities have uncovered stark realities behind the glitz of fashion catwalks and luxury boutiques during recent raids on local factories and workshops involved in the production of Dior and Armani handbags....
https://knews.kathimerini.com.cy/en/news/president-announces-€10-million-boost-for-cyprus-tourism
President Nikos Christodoulides announced a €10 million increase in the 2025 budget for the Deputy Ministry of Tourism to enhance Cyprus's international promotion....
https://knews.kathimerini.com.cy/en/news/how-russian-lng-still-powers-europe-despite-sanctions
The Yakov Gakkel LNG tanker plays a crucial role in maintaining Europe's gas supply, transporting liquefied natural gas (LNG) from Siberia to European terminals....
https://knews.kathimerini.com.cy/en/comment/opinion/why-building-a-home-is-rare-today
As discussed in our previous article, the housing landscape in our country is changing, with home ownership rates decreasing and aligning with the European average. ...
https://knews.kathimerini.com.cy/en/life/windcraft-music-fest-reflects-on-10-years-of-music
Windcraft Music Fest celebrates its tenth anniversary and returns dynamically on July 13th and 14th in Katydata Solea, focusing on wind instruments. ...
https://knews.kathimerini.com.cy/en/news/ict-sector-powers-cyprus-economic-growth
Almost all of the productivity growth in Cyprus' economy over the past three years can be attributed to the Information and Communication Technology......
https://knews.kathimerini.com.cy/en/comment/opinion/rentals-rise-as-home-ownership-trends-change
Around 20-25 years ago, Cyprus was renowned for having one of the highest rates of home ownership globally, with figures nearly reaching 78% - 80%, as per the data available then....
https://knews.kathimerini.com.cy/en/news/eurobank-gains-green-light-for-100-acquisition-of-hellenic-bank
The Cyprus Securities and Exchange Commission (the “CySEC”) approved on 25 June 2024, the publication of the Takeover Bid Document for the acquisition by Eurobank S.A. of up to 100% of the issued share capital of Hellenic Bank, whose shares are listed on the Main Market of the Cyprus Stock Exchange (“CSE”).
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https://knews.kathimerini.com.cy/en/news/cyprus-has-a-long-way-to-go-when-it-comes-to-ev-s
Cyprus lags behind the rest of the European Union in the adoption of battery electric vehicles (BEVs), according to data from the European Alternative Fuels Observatory (EAFO). While growth is noted and targets seem achievable, the country's rate of electric car use remains among the lowest in the EU....
https://knews.kathimerini.com.cy/en/business/4-houses-for-sale-by-astrobank
AstroBank has listed for sale houses in Nicosia, Larnaca, and Paphos that are ideal for own-occupancy....
https://knews.kathimerini.com.cy/en/news/sklavenitis-expands-to-27-stores-with-papantoniou-deal
Sklavenitis Cyprus has announced the integration of Papantoniou Supermarkets into its network....
https://knews.kathimerini.com.cy/en/business/4-real-estate-investment-opportunities-by-astrobank
AstroBank has listed for sale a large residential/commercial field in Peyia as well as other properties that are ideal investment opportunities in Paphos, Famagusta and Nicosia....
https://knews.kathimerini.com.cy/en/news/government-extends-subsidies-to-ease-cost-of-living-crisis
The Cabinet approved a proposal on Wednesday by Finance Minister Makis Keravnos to extend measures aimed at compensating for the living costs of Cypriot households. Government Spokesperson Konstantinos Letymbiotis announced the decision following the Cabinet meeting....
https://knews.kathimerini.com.cy/en/news/cbc-projects-3-gdp-growth-in-2024
The Central Bank of Cyprus has revised its 2024 forecast for GDP growth to 3%, from 2.8% that was expected last March, mainly due to the upward revision of domestic demand, while it maintained its forecast for growth in the years 2025 and 2026, at 3.1% and 3.2%, respectively....
https://knews.kathimerini.com.cy/en/news/will-cabinet-decide-to-extend-electricity-subsidies-to-consumers
The government is poised to discuss the renewal of the electricity subsidy measure, set to expire on June 30, at its upcoming Cabinet meeting, according to a report by Kathimerini's Hectoras Georgiou....
https://knews.kathimerini.com.cy/en/business/the-$10-billion-plan-to-rebuild-cyprus-s-ghost-town
The Turkish newspaper Sözcü has drawn attention to Varosha, an abandoned area in Famagusta, calling it the "Las Vegas of the Mediterranean." The paper says it would take $10 billion to bring the ghost town back to life after being abandoned for 50 years....
https://knews.kathimerini.com.cy/en/business/eurobank-increases-stake-in-hellenic-bank-to-55-48
Eurobank's share in Hellenic Bank has increased to 55.48%, after the latest acquisition of 240.303 shares, for €0.62 million....
https://knews.kathimerini.com.cy/en/comment/opinion/the-conclusion-of-aydin-dikmen-s-artifact-saga
The case involving Aydin Dikmen, the Turkish antiquities thief, reached its conclusion on Tuesday, June 6th, as the Munich Court of Appeal ruled on the return of remaining artifacts:...
https://knews.kathimerini.com.cy/en/business/3-real-estate-investment-opportunities-by-astrobank
Two apartment complexes, residential fields, and other properties in various areas of Cyprus that are ideal for investment have been listed for sale by AstroBank....
https://knews.kathimerini.com.cy/en/business/eurobank-boosts-stake-in-hellenic-bank-with-over-500-000-shares
Eurobank has acquired 503,934 more shares in Hellenic Bank, for the cost of €1.29 mn, increasing its share at 55.42%....
https://knews.kathimerini.com.cy/en/news/moderna-s-combined-covid-flu-vaccine-proves-effective
Moderna's combined COVID-19 and flu vaccine has demonstrated efficacy equivalent to that of separate shots in late-stage trials, according to results published on Monday. ...
