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12° Nicosia,
07 June, 2026
 

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Displaying results 1-30 of 289 matches for query profits.

1. Greek shipowners turn to Cyprus flag as registry gains momentum

https://knews.kathimerini.com.cy/en/business/greek-shipowners-turn-to-cyprus-flag-as-registry-gains-momentum

More Greek-owned ships are choosing to sail under the Cyprus flag, in a growing trend that Cypriot officials say is strengthening the island’s already significant role in global shipping....

2. New Parliament, same big question: who really decides Cyprus’ economic future?

https://knews.kathimerini.com.cy/en/news/new-parliament-same-big-question-who-really-decides-cyprus-economic-future

Fears of a fragmented Parliament that would struggle to get things done did not materialize, with six parties now set to shape Cyprus’ political and legislative agenda over the next five years....

3. New Nicosia café creates jobs and training opportunities for young people on the autism spectrum

https://knews.kathimerini.com.cy/en/news/new-nicosia-cafe-creates-jobs-and-training-opportunities-for-young-people-on-the-autism-spectrum

Cyprus has launched its first registered social enterprise with the opening of True Heart Café in central Nicosia. ...

4. Prudently & sparingly

https://knews.kathimerini.com.cy/en/comment/opinion/prudently-sparingly

The fact that the Cypriot economy is showing growth does not mean the government should be handing out money freely to everyone....

5. Woman loses €39,000 in online ‘investment’ scam

https://knews.kathimerini.com.cy/en/news/woman-loses-€39-000-in-online-‘investment-scam

A 64-year-old woman in Cyprus lost €39,000 after falling victim to what police believe was a sophisticated online investment scam that unfolded over several months, authorities said Tuesday....

6. Rising building costs could soon make homes even pricier

https://knews.kathimerini.com.cy/en/news/rising-building-costs-could-soon-make-homes-even-pricier

The first major price increases in construction materials for new residential buildings are already becoming visible, driven largely by soaring fuel costs over the past two months, according to property market executives in Greece. ...

7. Eurobank Cyprus earnings take a hit despite €103 million quarterly profit

https://knews.kathimerini.com.cy/en/business/eurobank-cyprus-earnings-take-a-hit-despite-€103-million-quarterly-profit

Eurobank reported a profit of €103 million in Cyprus during the first three months of 2026, even as earnings on the island fell compared to last year amid lower European interest rates and growing international uncertainty....

8. Airlines slash millions of seats as fuel fears shake global travel

https://knews.kathimerini.com.cy/en/business/airlines-slash-millions-of-seats-as-fuel-fears-shake-global-travel

Airlines around the world are cutting flights, shrinking schedules, and scrambling to save fuel as growing concerns over global fuel supplies begin to hit the aviation industry. ...

9. Crypto users could now be taxed without cashing out

https://knews.kathimerini.com.cy/en/business/crypto-users-could-now-be-taxed-without-cashing-out

Crypto investors in Cyprus are entering a very different landscape this year, as new tax rules tighten the government’s grip on digital assets and close loopholes many traders had relied on for years....

10. Police warn of new crypto scam targeting investors in Cyprus

https://knews.kathimerini.com.cy/en/news/police-warn-of-new-crypto-scam-targeting-investors-in-cyprus

Authorities are warning the public about a new type of scam making the rounds in Cyprus, targeting people who have invested in cryptocurrencies and promising them easy profits....

11. Cyprus economy grows 3.8% in 2025 as spending and exports rise

https://knews.kathimerini.com.cy/en/news/1-cyprus-economy-grows-3-8-in-2025-as-spending-and-exports-rise

Cyprus’ economy kept a steady pace in 2025, with growth holding at 3.8% in real terms. In current prices, GDP rose by 4.9%....

12. Europe’s energy shock is Cyprus’ opportunity

https://knews.kathimerini.com.cy/en/comment/opinion/europe-s-energy-shock-is-cyprus-opportunity

The crisis triggered in Europe by Russia’s invasion of Ukraine stands as the most severe since the 1970s. It was driven largely by Europe’s heavy dependence on Russian natural gas, which disrupted about 45% of demand....

13. Elderly man loses €254,679, duped in online investment scam

https://knews.kathimerini.com.cy/en/news/elderly-man-loses-€254-679-duped-in-online-investment-scam

Police are investigating a major online fraud case after a 79-year-old man from Larnaca was tricked into sending more than €254,000 to scammers posing as investment advisers....

14. Cypriot banks see profits tumble in 2025

https://knews.kathimerini.com.cy/en/business/cypriot-banks-see-profits-tumble-in-2025

Cypriot banks saw their profits shrink in 2025 compared with the previous year, largely due to a smaller contribution from net interest income....

15. Strong year for Aegean as profits climb to €147.8 million

https://knews.kathimerini.com.cy/en/news/strong-year-for-aegean-as-profits-climb-to-€147-8-million

AEGEAN announces its operating and financial results for fiscal year 2025, confirming its consistent growth path....

16. BOC eyes strategic acquisitions in insurance, asset management and fintech

https://knews.kathimerini.com.cy/en/business/boc-eyes-strategic-acquisitions-in-insurance-asset-management-and-fintech

Bank of Cyprus says it is keeping a close watch for potential acquisitions that could add value to the group, focusing on three main areas: insurance, asset management and fintech....

17. Instagram to alert parents if teens repeatedly search for suicide or self-harm topics

https://knews.kathimerini.com.cy/en/news/instagram-to-alert-parents-if-teens-repeatedly-search-for-suicide-or-self-harm-topics

Instagram will soon notify parents if their teenage child repeatedly searches for content linked to suicide or self-harm, the company announced, in its latest move to address growing concerns over teen mental health online....

18. Cyprus’ shadow network for recruiting foreign workers

https://knews.kathimerini.com.cy/en/business/cyprus-shadow-network-for-recruiting-foreign-workers

An extensive, largely unseen system for recruiting foreign workers appears to have been operating for years behind the official structures of Cyprus’ labor market....

19. Supermarket sales surge as shoppers keep spending

https://knews.kathimerini.com.cy/en/business/supermarket-sales-surge-as-shoppers-keep-spending

Cyprus’ supermarket sector closed out 2025 on a strong note, underscoring its resilience even in a fiercely competitive market....

20. Trump launches TrumpRx, promises big discounts on prescription drugs

https://knews.kathimerini.com.cy/en/news/trump-launches-trumprx-promises-big-discounts-on-prescription-drugs

President Donald Trump unveiled TrumpRx on Thursday, a government-backed website offering deep discounts on 43 prescription medications, including insulin, fertility treatments, obesity drugs, and asthma medications....

21. Cyta posts €85 million profit as digital infrastructure investments accelerate

https://knews.kathimerini.com.cy/en/business/cyta-posts-€85-million-profit-as-digital-infrastructure-investments-accelerate

Cyprus’ state-owned telecommunications provider Cyta reported a sharp rise in profits in 2025 and outlined an ambitious new round of infrastructure investments as it presented its 2026 budget to Parliament on Monday....

22. European banks poised for €30 billion boost in interest income

https://knews.kathimerini.com.cy/en/news/european-banks-poised-for-€30-billion-boost-in-interest-income

European banks are poised for a financial rebound, with net interest income expected to climb by roughly €30 billion over the next two years, analysts say, as loan growth and strategic hedging offset the drag from lower interest rates....

23. Cyprus Tax Reform 2026: What Changed and What Stayed the Same

https://knews.kathimerini.com.cy/en/news/cyprus-tax-reform-2026-what-changed-and-what-stayed-the-same

On 22 December 2025, the House of Representatives approved a wide-ranging tax reform package, with most measures taking effect from 1 January 2026. It is not an incremental adjustment....

24. Nearly €200,000 in assets seized after major drug bust

https://knews.kathimerini.com.cy/en/news/nearly-€200-000-in-assets-seized-after-major-drug-bust

Authorities have frozen assets worth almost €200,000 belonging to a 34-year-old man already facing serious drug charges, following a deepening financial probe into his activities....

25. More tax relief for families, tougher rules for everyone else

https://knews.kathimerini.com.cy/en/news/more-tax-relief-for-families-tougher-rules-for-everyone-else

From January 1, 2026, Cyprus will officially turn the page on how it taxes income and businesses....

26. Cypriot banks see lower profits but growing assets in 2025

https://knews.kathimerini.com.cy/en/business/cypriot-banks-see-lower-profits-but-growing-assets-in-2025

Cyprus’s banking sector recorded a notable decline in profitability during the first nine months of 2025, even as its balance sheet continued to expand, according to the latest data released by the Central Bank of Cyprus....

27. Rage as a business model

https://knews.kathimerini.com.cy/en/comment/opinion/rage-as-a-business-model

As 2025 draws to a close, roughly ten technological behemoths, most based in the United States and some in the Far East, are not only widening the gap between the tiny share of the ultrarich and everyone else on the planet. ...

28. Netflix stuns Hollywood with $72 billion bid for Warner Bros.

https://knews.kathimerini.com.cy/en/business/netflix-stuns-hollywood-with-$72-billion-bid-for-warner-bros

Netflix shocked Hollywood on Friday, announcing a $72 billion deal to buy Warner Bros. and HBO, a move that could fuse one of the biggest streamers with one of the most iconic studios in the world....

29. Another day, another scam as Paphos woman loses €6,500 online

https://knews.kathimerini.com.cy/en/news/another-day-another-scam-as-paphos-woman-loses-€6-500-online

A 71-year-old woman in Paphos reported to police that she lost about €6,500 to an online investment scam posing as a government-backed platform....

30. New bank tax could ease the pinch on families, but who’s behind it?

https://knews.kathimerini.com.cy/en/news/new-bank-tax-could-ease-the-pinch-on-families-but-who-s-behind-it

A year after narrowly losing a vote in parliament, AKEL is back with a new proposal to impose an emergency tax on banks for 2025 and 2026, calling it a “solidarity levy” aimed at helping everyday Cypriots cope with rising costs....

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