https://knews.kathimerini.com.cy/en/news/millions-in-cyprus-pollution-fees-diverted-from-green-goals-critics-say
Cyprus has collected hundreds of millions of euros in pollution fees over recent years, costs passed on to electricity consumers, yet much of that revenue is not being directed toward climate or clean energy projects as mandated by the European Union, raising concerns among environmental experts....
https://knews.kathimerini.com.cy/en/news/french-air-traffic-strike-grounds-1-500-flights-just-as-summer-holidays-take-off
If your summer getaway includes flying over or through France this week, you might want to double-check your flight status, especially if you're one of nearly 300,000 passengers grounded by an air traffic control strike that’s thrown Europe’s skies into chaos....
https://knews.kathimerini.com.cy/en/business/new-governance-structure-cuts-costs-in-provincial-agencies-officials-say
In response to recent reports about salaries and allowances within the Provincial Self-Government Organizations (EOAs), officials released clarifications Wednesday aimed at providing a fuller picture of the situation....
https://knews.kathimerini.com.cy/en/news/cyprus-e-mobility-grant-scheme-faces-criticism-as-initial-funding-runs-out
The recently launched e-mobility grant scheme in Cyprus has drawn criticism from the Association of Importers of Motor & Electric Vehicles (SEMHIO), which expressed serious concerns about the plan’s limited budget and structural shortcomings....
https://knews.kathimerini.com.cy/en/business/ecb-poised-for-fall-rate-decision-as-growth-tariffs-and-inflation-weigh-in
The European Central Bank will reassess its interest rate policy this fall, weighing whether additional cuts are necessary after a recent series of reductions brought its main rate to 2%, with inflation easing to 1.9%....
https://knews.kathimerini.com.cy/en/business/unemployment-drops-9-6-in-may-compared-to-last-year
The number of registered unemployed in Cyprus fell to 7,378 in May, a 9.6% drop compared to the same month last year, according to figures released Wednesday by the Statistical Service....
https://knews.kathimerini.com.cy/en/news/limassol-implements-30-km-h-speed-limit-in-city-center
A maximum speed limit of 30 kilometers per hour is now in effect on specific streets in the historic center of Limassol, according to an official announcement issued today by the Limassol Municipality....
https://knews.kathimerini.com.cy/en/news/interior-minister-proposes-cutting-deputy-mayors-cites-need-for-local-government-reform
Interior Minister Konstantinos Ioannou said the government is considering proposals to reduce the number of Deputy Mayors across Cyprus, calling the current figure of 93 “excessive.”...
https://knews.kathimerini.com.cy/en/news/the-life-pharma-detox-system-offers-solutions-to-pharmaceutical-pollution
Medochemie is taking a leading role in addressing one of the most pressing environmental challenges currently faced by the pharmaceutical industry: the management and reduction of pharmaceutical pollution....
https://knews.kathimerini.com.cy/en/news/u-s-to-eu-drop-your-tariffs-or-face-new-trade-war-financial-times-reports
In a stark escalation of trade tensions, the United States is pressing the European Union to drop tariffs on American goods without expecting the same in return or face a new wave of steep US duties, the Financial Times reports....
https://knews.kathimerini.com.cy/en/business/increasing-total-housing-supply-is-key-to-tackling-the-housing-crisis
Cyprus is at a critical juncture in its housing crisis, with property prices on the rise and supply struggling to meet existing demand. ...
https://knews.kathimerini.com.cy/en/life/nip-tuck…-and-anime-what-s-behind-cyprus-cosmetic-surgery-boom
Gone are the days when plastic surgery was just for the rich and famous. In Cyprus, cosmetic procedures have gone mainstream, and business is booming. ...
https://knews.kathimerini.com.cy/en/business/why-electric-vehicle-grants-are-being-put-on-hold
The Cyprus Ministry of Transport has reduced its electric vehicle (EV) grant allocation due to low demand, scaling back funding from €38 million to €32.8 million. ...
https://knews.kathimerini.com.cy/en/news/four-environmental-groups-accuse-forestry-department-of-violating-akamas-protection-terms
Four environmental organizations have jointly accused Cyprus’s Forestry Department of systematically violating legally binding environmental conditions related to the controversial road network upgrade in Akamas National Forest Park....
https://knews.kathimerini.com.cy/en/news/national-guard-chief-reports-45-drop-in-accidents-in-2024
The National Guard recorded a 45% decrease in accidents in 2024 compared to the previous year, marking the lowest number of incidents on record, Chief of the National Guard Georgios Tsitsikostas announced Friday....
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....
