https://knews.kathimerini.com.cy/en/life/today-is-dekapentavgoustos-a-day-of-faith-family-and-tradition
In Cyprus, August 15th, known as ''Dekapentavgoustos'', is one of the most significant holidays in the Greek Orthodox calendar, marking the Dormition (or Assumption as Catholics call it) of the Virgin Mary and her ascension to heaven....
https://knews.kathimerini.com.cy/en/news/rose-wine-trend-hits-cyprus-local-demand-and-imports-soar
Light and delicate, with aromas of flowers and fruits, these are just a few ways to describe Rosé Provence wines, which have recently become a global trend....
https://knews.kathimerini.com.cy/en/news/illegal-tobacco-smuggling-from-occupied-territories-hits-new-high-in-cyprus
Last Friday, two Cypriots and a British national were apprehended at Paphos Airport with illegal tobacco products valued over €30,000 while attempting to smuggle them into the UK....
https://knews.kathimerini.com.cy/en/news/women-entrepreneurs-hit-hard-by-turkey-s-instagram-shutdown
Turkey's decision to block access to Instagram has dealt a significant blow to female entrepreneurs who rely on the platform to market and sell products ranging from homemade cookies to baby bedding....
https://knews.kathimerini.com.cy/en/business/trade-deficit-slashed-by-20-in-2024-amid-falling-imports
Cyprus saw its trade deficit shrink by over 20% in the first half of 2024, according to the latest data from the Statistical Service. The trade deficit, which is the difference between what the country imports and exports, fell to €3.57 billion, down from €4.48 billion during the same period in 2023....
https://knews.kathimerini.com.cy/en/business/multicare-elite-–-the-new-top-tier-health-plan-from-universal-life
Universal Life, the insurance company with the most experience and expertise in the Health sector in Cyprus, proudly announces the launch of MultiCare Elite....
https://knews.kathimerini.com.cy/en/news/eurobank-cyprus-reports-€105-7m-net-profit-for-h1-2024
Eurobank Cyprus reported a net profit of €105.7 million for the first half of 2024, marking a 16% increase, or €14.9 million, compared to the same period in 2023....
https://knews.kathimerini.com.cy/en/news/cyprus-inflation-slows-in-july-after-three-months-of-rising-costs
Inflation in Cyprus took a breather in July after three months of climbing prices. According to new figures released by the Cyprus Statistical Service, the cost of living went up by 2.1% in July. ...
https://knews.kathimerini.com.cy/en/news/father-arrested-for-negligence-in-death-of-newborn-in-nicosia
A case of severe negligence leading to the death of a three-month-old baby girl has shocked Cyprus. Authorities have arrested the 23-year-old father and are seeking the 22-year-old mother, who is believed to have fled to Greece....
https://knews.kathimerini.com.cy/en/business/record-surge-in-olive-oil-fraud-amid-rising-prices-of-liquid-gold
The European Union reported a record number of potential olive oil fraud and mislabeling cases in the first quarter of 2024, driven by inflationary pressures and a growing hidden market for the kitchen staple....
https://knews.kathimerini.com.cy/en/news/eu-plans-two-phase-trade-strategy-if-trump-wins-presidency
Brussels is developing a two-phase trade strategy in response to the potential nomination of Donald Trump in the upcoming U.S. presidential election in November....
https://knews.kathimerini.com.cy/en/business/lidl-cyprus-celebrated-the-opening-of-its-3rd-store-in-paphos-and-21st-store-in-cyprus
In a major expansion of its retail network, Lidl Cyprus opened its newest store in the Neon Mall of Pafos on Wednesday 24 July, marking the 3rd Lidl store in a row in the Paphos district and the 21st in Cyprus. ...
https://knews.kathimerini.com.cy/en/business/1-july-newsletter-of-k-treppides-co-ltd-cyprus-securities-and-exchange-commission
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....
https://knews.kathimerini.com.cy/en/news/market-changes-eurobank-s-move-and-economic-struggles
Bank of Cyprus shares were delisted from the Athens Stock Exchange following the 2013 financial crisis and the turbulent merger with Laiki Bank, including the depositor haircut...
https://knews.kathimerini.com.cy/en/news/erdogan-and-tatar-reject-federal-solution-on-50th-anniversary
Yesterday marked the 50th anniversary of the Turkish invasion of Cyprus in July 1974. Over half a century later, Cyprus remains in the same status quo as it had after that fateful day. Consequently, poignant memorials were held across the island, including in the occupied areas....
https://knews.kathimerini.com.cy/en/news/june-sees-price-hikes-on-essentials-as-inflation-rises
Get ready to pay more for everyday items! Prices for many essential goods jumped in June, driving up inflation to 2.9%. This follows a steady rise from 2.4% in April and 2.7% in May....
https://knews.kathimerini.com.cy/en/business/brewed-to-go-the-bean-bar-truck-brings-vibrant-coffee-vibes-on-wheels
Get ready to fuel your day with a splash of excitement as Bean Bar unveils its latest innovation—a mobile coffee bar that's sure to turn heads! The Bean Bar Truck, the 13th addition to the beloved chain, ...
https://knews.kathimerini.com.cy/en/news/cyprus-seeks-eu-support-to-keep-youth-in-countryside
Cyprus is seeking support from the European Union in its efforts to bring about the demographic regeneration of its rural areas, Minister for Agriculture Maria Panayiotou......
https://knews.kathimerini.com.cy/en/business/lidl-s-21st-store-in-paphos-boosts-cyprus-retail-battle
Almost 15 years after Lidl Cyprus entered the Cypriot market, the company is set to open its 21st store in Paphos, specifically in Neon Mall....
https://knews.kathimerini.com.cy/en/business/new-lidl-store-at-neon-mall-of-pafos
Lidl Cyprus opens its 21st store and extends its commitment towards high quality, affordable prices and an upgraded shopping experience....
https://knews.kathimerini.com.cy/en/news/cyprus-exports-decline-sharply-while-imports-see-a-modest-rise
Cyprus saw its trade deficit grow in May 2024, largely due to a significant drop in exports and a slight increase in imports, according to recent data from the Cyprus Statistical Service. The trade deficit for May 2024 was €693.4 million, up from €578.2 million in May 2023....
https://knews.kathimerini.com.cy/en/business/cyprus-ranks-among-top-innovators-in-europe
Among the best-performing countries in terms of innovation between 2023 and 2024 is Cyprus, according to the latest European Commission data....
https://knews.kathimerini.com.cy/en/business/mallias-winery-reviving-cyprus-s-ancient-grape-varieties
In the 1990s, Mallias Winery, originally established by KEO in 1927, played a pivotal role in redefining Cypriot wine by rescuing indigenous grape varieties on the brink of extinction....
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/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/business/astrobank-wins-international-recognition-for-the-second-consecutive-year
AstroBank has been named Best Private Bank – Cyprus by the Global Private Banking Innovation Awards 2024 for the second consecutive year.
...
https://knews.kathimerini.com.cy/en/news/fitch-elevates-hellenic-bank-s-credit-rating
Fitch Ratings has upgraded Hellenic Bank's Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+', with stable outlook and its Viability Rating (VR) to 'bbb-' from 'bb+'.
...
https://knews.kathimerini.com.cy/en/news/salata-farm-wins-award-for-excellence-in-halloumi-production
A farming family in Pachna is steadfastly continuing Cyprus's rich cheese-making heritage. Situated in an ideal location with its own microclimate......
https://knews.kathimerini.com.cy/en/business/consulco-hosts-london-gin-night-for-its-partners
Consulco Group hosted three unique cocktail parties, under the name “London Gin Night”, dedicated to its customers and partners.
...
https://knews.kathimerini.com.cy/en/business/zero-vat-on-essential-goods-until-september-2024
Cyprus' Tax Department has announced a zero rate of Value Added Tax (VAT) on essential goods until September 30, 2024, following a decree issued by the Cabinet. This measure aims to alleviate financial burdens on consumers amid economic challenges....
