https://knews.kathimerini.com.cy/en/business/end-of-an-era-era-department-stores-changing-hands-for-just-€1-but-there-s-more-to-the-story
In a surprising but strategic move, Ermes Department Stores Plc announced that it is selling off all four ERA department stores to Gencom Ltd., and the official sale price is just €1....
https://knews.kathimerini.com.cy/en/news/greece-targets-ferry-duopoly-as-costs-soar-and-competition-sinks
Greece’s Competition Commission has launched a full investigation into the coastal passenger ferry industry following evidence of price-fixing and market distortion among dominant operators....
https://knews.kathimerini.com.cy/en/business/make-a-splash-fasouri-watermania-waterpark-reopens-may-9-for-a-summer-of-fun
The Fasouri Watermania Waterpark in Limassol is back for another exciting season! It opens its doors on May 9th!...
https://knews.kathimerini.com.cy/en/news/surprise-surprise-cyprus-near-the-top-again-in-eu-electricity-costs
Cyprus had the second highest electricity prices in the European Union relative to consumer purchasing power in the second half of 2024, according to new data from Eurostat, the EU’s statistical agency....
https://knews.kathimerini.com.cy/en/business/cyprus-fuel-prices-raise-eyebrows-and-questions
If you feel like you’re paying more at the pump lately, you’re not imagining it....
https://knews.kathimerini.com.cy/en/news/education-ministry-slammed-for-millions-spent-and-cut-corners-in-dodgy-deals
A deep dive by Cyprus’ Auditor General has uncovered a troubling pattern in how the Ministry of Education, Sport and Youth has been handling public project contracts, and the red flags go back nearly a decade....
https://knews.kathimerini.com.cy/en/comment/opinion/the-republic-of-shrugged-shoulders
''I don’t concern myself with what a 'Turkish' ambassador says,'' former President Nicos Anastasiades quipped, brushing off ex-U.S. Ambassador John Koenig’s reported remark that he considered him “a fraud.”...
https://knews.kathimerini.com.cy/en/news/cyprus-avoids-water-cuts-but-your-bill-might-take-a-hit
Cyprus has sidestepped water cuts this summer thanks to a last-minute deal with the United Arab Emirates for 15 mobile desalination units....
https://knews.kathimerini.com.cy/en/news/erdogan-to-inaugurate-new-government-complex-in-occupied-north
A new wave of political theater is unfolding in Cyprus’ occupied north, as Turkey prepares to inaugurate a grandiose complex housing the so-called ''presidency'' and ''parliament'' of the breakaway regime, ...
https://knews.kathimerini.com.cy/en/business/european-hoteliers-take-on-booking-com-over-high-commissions
Hoteliers across Europe are once again taking aim at Booking.com, accusing the popular online platform of exploiting its dominant position in the market....
https://knews.kathimerini.com.cy/en/news/lidl-cyprus-celebrates-15-years-with-a-15-discount-on-all-fresh-pork-and-beef-products
With 15 years of continuous growth and trust, the company continues to invest in competitive prices and strict quality standards for all consumers....
https://knews.kathimerini.com.cy/en/news/raw-sewage-on-tourist-beach-blamed-on-criminal-mismanagement
A sewage leak at one of Paphos’ busiest coastal areas has sparked outrage, and the president of the Paphos District Local Government Organization (EOA) isn’t holding back....
https://knews.kathimerini.com.cy/en/business/5-residential-properties-for-sale-by-astrobank
AstroBank has listed for sale a penthouse in Strovolos, as well as other residential properties in Nicosia, Larnaca, Paphos, and Famagusta....
https://knews.kathimerini.com.cy/en/news/hotels-race-for-private-desalination-plants-as-summer-approaches
Large hotel groups across Cyprus are seriously looking into installing their own small desalination plants as a way to secure enough water during the island’s scorching, dry summers....
https://knews.kathimerini.com.cy/en/news/no-pork-prices-haven-t-gone-up-because-of-e-kalathi-retail-chief-says
If you’ve noticed pork prices creeping up lately, you’re not imagining things. But according to the head of Cyprus’ Retail Trade Association, Marios Antoniou, it has nothing to do with the upcoming launch of e-Kalathi, the state’s digital price comparison tool....
https://knews.kathimerini.com.cy/en/news/more-people-can-now-apply-for-affordable-housing-help
Good news if you’ve been struggling to qualify for affordable housing: the government just made it easier to apply....
https://knews.kathimerini.com.cy/en/news/cyprus-economy-set-to-slow-down-says-imf
The International Monetary Fund (IMF) has lowered its expectations for how much Cyprus's economy will grow over the next two years....
https://knews.kathimerini.com.cy/en/news/tourism-win-housing-headache-as-airbnbs-boom-in-cyprus
With over 12,000 short-term rentals currently in operation (and counting), Cyprus has become a hotspot for travelers seeking more flexible and often cheaper accommodation than traditional hotels. ...
https://knews.kathimerini.com.cy/en/business/why-the-u-s-china-trade-war-matters-to-cyprus-and-europe
As the United States sharpens its rhetoric against China’s trade practices, reviving a tariff-heavy policy rooted in the Trump years, global markets are once again bracing for impact. ...
https://knews.kathimerini.com.cy/en/business/dubai-chocolate-craze-sparks-global-pistachio-shortage
You’d never guess that a fancy chocolate bar from Dubai could shake up the global nut market, but that’s exactly what’s happened....
https://knews.kathimerini.com.cy/en/news/trump-s-tariff-war-backfires-as-tourists-ditch-u-s-head-to-europe
The global tariff war initiated by the Trump administration will have a negative impact on the US economy in 2025, as European and Canadian tourists change their plans....
https://knews.kathimerini.com.cy/en/news/cypriots-struggle-to-keep-up-as-food-and-energy-prices-climb
As prices continue to rise at the supermarket and electricity bills put pressure on family budgets, more people in Cyprus are finding it harder to make ends meet....
https://knews.kathimerini.com.cy/en/news/1-coffee-up-veggies-down-march-prices-shift-across-cyprus
Shoppers in Cyprus may have noticed some familiar staples getting pricier last month, with Cypriot coffee and frozen burgers topping the list of products with the biggest price jumps in March....
https://knews.kathimerini.com.cy/en/business/farewell-makareio-nicosia-s-historic-stadium-to-transform-into-modern-sports-hub
The historic Makareio Stadium in Nicosia is officially shutting its doors, but not without a plan. According to the president of the Cyprus Sports Organisation (KOA), Yiannis Ioannou, the stadium will be transformed into a state-of-the-art sports complex designed for the future....
https://knews.kathimerini.com.cy/en/news/trump-s-tariffs-aren-t-the-real-threat-cyprus-needs-a-wake-up-call
The first reaction in Cyprus to Trump’s tariffs was the worry that halloumi, salt, and olive oil would become more expensive....
https://knews.kathimerini.com.cy/en/business/1-residential-plots-for-sale-by-astrobank
AstroBank has listed for sale an exceptional selection of residential plots in Nicosia, Paphos, and Famagusta....
https://knews.kathimerini.com.cy/en/news/luxury-villas-in-occupied-north-selling-for-millions-but-not-for-the-locals
Ultra-luxury villas in the occupied areas of Cyprus are being snapped up for eye-watering prices, with some homes going for as much as £6 million (or over 300 million Turkish lira), particularly in sought-after locations like Kyrenia and Trikomo....
https://knews.kathimerini.com.cy/en/news/prison-or-mini-market
A prison cell in Nicosia turned into a makeshift shop, complete with croissants, cigarettes, coffee, and prepaid phone cards, has landed a chief warden, an inmate, and the inmate’s wife in serious legal trouble....
https://knews.kathimerini.com.cy/en/news/rents-keep-climbing-but-house-prices-aren-t-going-anywhere
If you’re renting in Cyprus, you’re not imagining it; it really is getting more expensive year after year. New figures from Eurostat confirm that rents on the island jumped by 4.6% in 2024 compared to the previous year, continuing a steady upward trend that’s been going on since 2017....
https://knews.kathimerini.com.cy/en/business/cautious-optimism-for-easter-bookings-in-cyprus
Tourism officials are expressing cautious optimism about Cyprus’ 2025 Easter holiday season, with early bookings and rising airport traffic pointing to another strong year for the island’s travel sector....
