https://knews.kathimerini.com.cy/en/news/reduced-vat-on-electricity-bills-begins-tomorrow
A reduction in VAT on electricity bills will take effect tomorrow, bringing relief to consumers, especially vulnerable households. The VAT on electricity will drop from 19% to 9%, meaning savings for many households across the island....
https://knews.kathimerini.com.cy/en/business/eurobank-s-€1-3b-move-creates-cyprus-largest-bank
Eurobank Group’s €1.3 billion investment in Hellenic Bank is set to reshape Cyprus' banking landscape, creating the country’s largest financial institution with total assets of €27.5 billion....
https://knews.kathimerini.com.cy/en/news/european-powers-plan-for-gradual-defense-shift-amid-u-s-reduction
The UK, France, Germany, and Scandinavian nations are in talks about a long-term strategy to take on greater defense responsibilities in Europe....
https://knews.kathimerini.com.cy/en/news/cyprus-leads-europe-in-natural-pest-control-saving-the-environment-one-owl-at-a-time
Cyprus has achieved a remarkable 60% reduction in rodenticide use within just three years, thanks to an innovative national plan that enlists barn owls as natural rodent hunters....
https://knews.kathimerini.com.cy/en/news/hang-up-or-pay-up-tougher-penalties-for-drivers-using-phones
Drivers caught holding a mobile phone while driving could soon face stricter financial penalties if a proposal by the Police, expected to be submitted for legislation, becomes law....
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/news/lower-vat-on-electricity-to-ease-consumer-costs-starting-in-april
Starting April 1, 2025, the Cyprus Electricity Authority (AΗΚ) will implement a temporary consumer support measure announced recently by President Nikos Christodoulides....
https://knews.kathimerini.com.cy/en/news/cyprus-sees-nearly-400-hundred-cases-of-colorectal-cancer-annually
Approximately 350 to 400 new cases of colorectal cancer are diagnosed in Cyprus each year, making it the island's third most common cancer....
https://knews.kathimerini.com.cy/en/news/president-christodoulides-‘together-we-are-changing-cyprus
President Nicos Christodoulides reflected on his administration’s accomplishments during a televised sit-down with journalists, marking two years since he took office....
https://knews.kathimerini.com.cy/en/news/eurobank-cyprus-stronger-in-2024-with-a-net-profit-of-€214mn
Eurobank Cyprus ended 2024 with increased profitability strong capital adequacy and maintained its good loan portfolio quality. The results reaffirm the Bank’s sound performance and resilience, the effective management of challenges in 2024,...
https://knews.kathimerini.com.cy/en/business/net-billing-to-replace-net-metering-what-you-need-to-know
Cyprus is set to transition from the current net-metering system to net-billing for new residential solar energy systems, with the backing of the European Union....
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/business/vasilikos-project-needs-another-€200-million—will-it-ever-be-finished
The ambitious Vasilikos gas terminal project in Cyprus is facing significant financial and logistical hurdles, with an additional €200 million needed to complete construction. ...
https://knews.kathimerini.com.cy/en/news/cyprus-tax-reform-a-win-for-families-a-challenge-for-businesses
Cyprus is set to undergo its first major tax reform in over 20 years, with changes expected to align the system with the country’s evolving economic landscape....
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/authorities-on-high-alert-as-coral-weather-phenomenon-threatens-power-grid
Authorities are on high alert today as the "Coral" weather phenomenon intensifies....
https://knews.kathimerini.com.cy/en/business/big-us-companies-borrowing-in-europe-to-save-money
Big American companies are increasingly turning to Europe to borrow money at lower costs, taking advantage of cheaper interest rates compared to those in the US....
https://knews.kathimerini.com.cy/en/business/wizz-air-celebrates-9-million-passenger-milestone-in-cyprus
Wizz Air, EMEA’s most environmentally sustainable airline , proudly announces a major milestone in Cyprus, surpassing 9 million passengers transported to and from Larnaca International Airport since launching operations in the country. ...
https://knews.kathimerini.com.cy/en/news/cyprus-leads-the-eu-in-migrant-departures
Cyprus is leading the way in the EU when it comes to managing migration, ranking first in the ratio of migrant departures to arrivals for 2024, with a surprising 179%. ...
https://knews.kathimerini.com.cy/en/news/new-garbage-tax-could-mean-higher-costs-for-citizens
Cypriot citizens may soon face higher waste disposal costs as a new bill proposes an additional municipal waste landfill tax, adding financial pressure on households already grappling with rising living expenses....
https://knews.kathimerini.com.cy/en/news/cyprus-unemployment-drops-10-6-in-a-year
The number of unemployed people in Cyprus saw a significant drop in January 2025, with official figures showing a 10.6% decrease compared to the same time last year....
https://knews.kathimerini.com.cy/en/business/superhome-center-sold-to-greek-company-for-€94-million
The sale of Superhome Center to Vasilitsi DIY for €94 million has been approved by the Board of Directors of Ermes Department Stores Plc....
https://knews.kathimerini.com.cy/en/business/cyprus-ended-2024-with-a-banking-boom-as-loans-and-deposits-surged
Cyprus closed out 2024 with a surge in banking activity, as both loans and deposits saw substantial increases, according to the latest data from the Central Bank of Cyprus (CBC). ...
https://knews.kathimerini.com.cy/en/business/new-lending-boosted-by-interest-rates-and-government-plans
A favorable landscape for Cypriot borrowers is taking shape in 2025, laying the groundwork for a strong year in new lending....
https://knews.kathimerini.com.cy/en/news/trump-signs-order-suspending-dei-employees
In a significant move under the new Trump administration, the White House confirmed that federal employees working in diversity offices will be placed on paid leave as part of the shutdown of diversity, equity, inclusion, and accessibility (DEIA) programs....
https://knews.kathimerini.com.cy/en/news/important-changes-coming-to-ghs-medicine-prices
The Health Insurance Organisation (HIO) has announced adjustments to the cost of medications provided through the General Healthcare System (GHS), with changes set to take effect on February 3....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-see-€1-billion-in-profits-as-npl-s-decline-in-2024
Cypriot banks reported impressive financial growth in the first nine months of 2024, with total profits reaching €952.5 million after taxes, a sharp rise from €602.92 million by mid-year.
...
https://knews.kathimerini.com.cy/en/news/10-000-migrant-departures-in-2024-asylum-applications-drop-41
Cyprus has seen a significant reduction in asylum applications and migrant arrivals in 2024, according to Deputy Minister for Migration and International Protection, Nicolas Ioannides. ...
https://knews.kathimerini.com.cy/en/news/poland-to-prioritize-security-on-all-fronts-during-its-eu-presidency
Poland has laid out an ambitious roadmap for its 2025 Presidency of the Council of the European Union, with security taking center stage. Ambassador Marek Szczepanowski presented the priorities on Tuesday at the House of Europe in Nicosia, under the presidency’s guiding motto: “Security, Europe!”...
