https://knews.kathimerini.com.cy/en/news/six-freed-on-bail-one-remains-jailed-in-convicted-felon-socialite-case
The curtain is lifting on what prosecutors allege is a carefully orchestrated criminal ring, with trial proceedings for seven accused individuals set to begin at 9:00 a.m. on October 3, 2025....
https://knews.kathimerini.com.cy/en/news/high-society-scandal-deepens-with-63-more-in-the-frame
What started as a story of a glamorous socialite entangled with a well-known convict has now snowballed into one of the country’s most talked-about crime sagas, with another 63 people now on the police radar, bringing the total number of individuals linked to the case to over 100....
https://knews.kathimerini.com.cy/en/business/cyprus-returns-to-three-systemic-banks-after-alpha-bank-cyprus-astrobank-deal
Cyprus is set to have three systemic banks again after Alpha Bank Cyprus signed a final agreement to acquire most of AstroBank’s assets and liabilities. The deal was officially signed Tuesday, June 24, 2025....
https://knews.kathimerini.com.cy/en/business/swiss-central-bank-slashes-interest-rates-to-0-to-fight-soaring-franc-and-deflation
In a surprise move, Switzerland’s central bank has slashed interest rates to zero, aiming to counter falling prices and slow the rapid rise of the Swiss franc, which has been drawing heavy investment as a safe-haven currency during global economic uncertainty....
https://knews.kathimerini.com.cy/en/business/alpha-bank-to-acquire-astrobank-in-€200-million-deal
Alpha Bank Cyprus will acquire the entire operations of Astrobank, excluding €15 million in non-performing loans, in a deal set to be signed Friday, June 20....
https://knews.kathimerini.com.cy/en/business/boc-eyes-bigger-role-in-your-financial-future
Beyond its moves into the insurance sector, Bank of Cyprus is actively exploring additional ways to increase the bank’s overall value. ...
https://knews.kathimerini.com.cy/en/business/alpha-bank-sets-sights-on-cyprus-insurer-altius-in-expansion-push
Alpha Bank is in talks to buy Altius Insurance, a Cyprus-based insurance company it already works with to sell insurance products through its branches. While nothing has been finalized yet, sources say discussions have progressed to a potential acquisition....
https://knews.kathimerini.com.cy/en/news/cyprus-caught-in-drug-cartel-crossfire-says-paphos-mayor
Paphos Mayor Phedonas Phedonos has made explosive claims that Cyprus is now part of an international money laundering network used by Latin American drug cartels....
https://knews.kathimerini.com.cy/en/news/half-of-teens-wish-the-internet-didn-t-exist-survey-finds
Nearly half of teenagers say they’d rather grow up in a world without the internet, according to a new UK study highlighting the growing concerns young people have about the impact of social media on their mental health....
https://knews.kathimerini.com.cy/en/business/new-15-tax-hits-hellenic-hard-as-profits-drop-by-half
Hellenic Bank has just become the poster child for how Cyprus’ new 15% minimum tax law is starting to shake up the financial sector — and it’s not just about tax bills....
https://knews.kathimerini.com.cy/en/news/jumbo-eyes-larnaca-and-protaras-for-future-expansion-but-no-timeline-yet
Retail giant Jumbo has confirmed its interest in opening two new stores in Cyprus, one in Larnaca and another in Protaras, but clarified that there’s no set plan or timeframe at this stage. ...
https://knews.kathimerini.com.cy/en/business/april-newsletter-of-k-treppides-co-ltd-–-25-04-2025
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/from-summer-hotspot-to-all-year-hub
Cyprus has big dreams, and according to Christos Angelides, General Manager of the Pancyprian Hotel Association (PASYXE), it’s going to take grit, vision, and a lot of teamwork to turn the island into a top-tier, all-year-round destination. But the potential? It’s definitely there....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-buys-out-ethniki-insurance-in-€29-5m-deal
The Bank of Cyprus is making a bold move to strengthen its footprint in the island’s insurance market, announcing today that it has signed a binding agreement to acquire 100% of Ethniki Cyprus Insurance Ltd....
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/big-pharma-challenges-eu-over-wastewater-treatment-costs
A legal battle is unfolding between the pharmaceutical and cosmetics industries and the European Union over who should bear the financial burden of urban wastewater treatment....
https://knews.kathimerini.com.cy/en/news/grid-limitations-threaten-cyprus-green-energy-boom
Cyprus’ green energy transition, once a major draw for investors, is now facing serious roadblocks as the national electricity grid struggles to handle more renewable energy projects. ...
https://knews.kathimerini.com.cy/en/business/aegean-reports-strong-2024-results-with-record-revenue-and-passenger-growth
AEGEAN announces its operating and financial results for fiscal year 2024....
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/news/larnaca-airport-vendors-dodge-60-cent-water-price-cap
Travelers passing through Larnaca Airport might be surprised to find that while a government-mandated price cap sets the cost of a 500ml bottled water at just 60 cents, actually finding one at that price is a different story....
https://knews.kathimerini.com.cy/en/business/greek-banks-continue-to-invest-in-cyprus-with-new-acquisitions
Greek banks are showing no signs of slowing down when it comes to investing in Cyprus. ...
https://knews.kathimerini.com.cy/en/news/greeks-calling-for-accountability-2-years-after-tempe-train-tragedy
Two years after one of Greece’s worst railway disasters, the country is still reeling from the February 28, 2023, crash in Tempe, where 57 lives were tragically lost....
https://knews.kathimerini.com.cy/en/news/calls-for-action-against-energy-poverty-amid-tragic-deaths
Political parties are urging immediate action against energy poverty following a series of fatal fires caused by unsafe heating conditions....
https://knews.kathimerini.com.cy/en/news/the-road-to-prosperity
Browsing social media I have recently come across a map showing all the countries with GDP per capita higher than Poland’s back in 1990 and in 2018....
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/comment/opinion/the-cyprus-cabinet-s-romantic-february-14-meeting
On Friday, February 14th, President of Cyprus called for an emergency Cabinet meeting. Naturally, many assumed it was to discuss Valentine’s Day – flowers, chocolates, etc. – ...
https://knews.kathimerini.com.cy/en/news/73-year-old-woman-and-daughter-lead-family-run-sex-trafficking-ring-in-athens
In a dramatic operation earlier this week, Greek police, in collaboration with NGOs OUR RESCUE and A21, dismantled a large sex trafficking ring allegedly run by a 73-year-old woman, known only as ''Marina,''...
https://knews.kathimerini.com.cy/en/news/cryptocurrency-scam-€430-000-stolen-from-limassol-resident
The Cyprus Police are informing the public about incidents of fraud related to cryptocurrency investments and are urging citizens to be particularly careful....
https://knews.kathimerini.com.cy/en/news/car-distributors-exploiting-drivers-with-fees-on-airbag-recalls
Lawmakers are taking aim at two car distributors accused of charging administrative fees for replacing recalled airbags, calling the practice ''obscene'' and ''exploitative.''...
https://knews.kathimerini.com.cy/en/news/cyprus-at-the-heart-of-major-criminal-network-bust
Spanish authorities are continuing their investigations into a major international criminal network involved in human trafficking and money laundering that operated across Cyprus and several European countries, according to Cyprus Police Spokesperson Kyriaki Lambrianidou....
