https://knews.kathimerini.com.cy/en/business/traditional-banks-are-funding-more-shadow-loans
While lending increasingly grows in a demanding environment with geopolitical developments affecting the region and by extension Cyprus, the boundaries between traditional and shadow banking are becoming more and more blurred....
https://knews.kathimerini.com.cy/en/news/a-€10-charge-a-€23-million-debate-and-a-fight-over-responsibility
A new fee on garbage that could eventually affect household waste costs has turned into the latest political battleground in Cyprus, with the government and DISY trading accusations over who is responsible for the way the reform is being introduced....
https://knews.kathimerini.com.cy/en/comment/opinion/a-lifeline-for-small-businesses-or-another-state-monster
European countries generally do not create state-run mechanisms that directly provide loans to small and medium-sized enterprises. Governments across Europe tend to avoid such structures because they are costly, bureaucratic, and often overlap with the role already played by banks....
https://knews.kathimerini.com.cy/en/news/commission-approves-€120-million-recovery-fund-payment-for-cyprus
Cyprus is set to receive another €120 million after the European Commission approved the country's sixth payment request under the Recovery and Resilience Facility (RRF), the flagship funding programme of NextGenerationEU....
https://knews.kathimerini.com.cy/en/news/waste-tax-could-leave-households-paying-more-before-recycling-systems-improve
Political parties are still weighing their positions before Parliament votes on Tuesday on legislation introducing a tax on municipal waste sent to landfill, with only two parties having already confirmed they will vote against the proposal....
https://knews.kathimerini.com.cy/en/life/limassol-s-fire-hit-community-leaders-honored-for-their-courage-and-resilience
In an emotional and deeply moving atmosphere, 13 community leaders from fire-affected areas of mountainous Limassol were honored on Tuesday night, June 30, 2026, for their valuable contribution in responding to last year’s devastating wildfire, both during the dramatic hours and days of the disaster and throughout the recovery period that followed....
https://knews.kathimerini.com.cy/en/news/a-new-safety-net-for-cyprus-banks-or-a-brake-on-the-economy
The news that the Central Bank of Cyprus is considering activating the Systemic Risk Buffer came as a ''bombshell'' for local banks and, as expected, has divided opinion....
https://knews.kathimerini.com.cy/en/news/what-cyprus-can-learn-from-lithuania-s-energy-independence-journey
Energy resilience is not achieved through technology alone. It requires a long-term strategy that combines political will, institutional cooperation, investment and continuous risk assessment....
https://knews.kathimerini.com.cy/en/business/financial-clarity-a-key-driver-of-sme-stability-in-cyprus
Small and medium-sized enterprises (SMEs) are central to the Cypriot economy. Yet, as the business environment evolves, many organisations are facing increasing pressure to manage not only growth, but also financial accuracy, compliance, and planning....
https://knews.kathimerini.com.cy/en/business/baltic-nations-decouple-from-russian-grid-to-offer-cyprus-an-energy-blueprint
Energy resilience requires more than just technological solutions. It demands a long-term strategy that brings together political will, institutional cooperation, investment, and ongoing risk assessment. ...
https://knews.kathimerini.com.cy/en/news/golden-defence-deals-and-tough-messages-to-putin-and-iran
The 32 leaders sent a message of unity and a firm response to longstanding American pressure for greater European participation in collective defense through the joint declaration they adopted at the NATO Summit in Ankara. ...
https://knews.kathimerini.com.cy/en/business/esm-report-says-cyprus-and-greece-are-the-only-eurozone-countries-expected-to-reduce-debt-through-2035
About half of the euro area countries, including the five member states that received assistance from the European Stability Mechanism (ESM), among them Cyprus, succeeded in reducing public debt and cutting deficits after the pandemic, thanks to the steady economic recovery and growing tax revenues....
https://knews.kathimerini.com.cy/en/business/licensing-chaos-in-tourism-55-of-accommodations-without-a-license
The issue of licensing Cyprus hotels, which is a long-standing problem, casts shadows over the legality and credibility of the Cypriot tourism product, as it poses risks related to the country's reputation and visitor safety, as the Audit Office points out in a report....
https://knews.kathimerini.com.cy/en/business/business-lending-loses-momentum-because-of-the-middle-east-conflict
Bank lending in Cyprus had been on a strong upward trend for the past year and a half, but the war involving the United States, Israel, and Iran brought that pace to a stop. As a result, forecasts of slower credit growth were confirmed in March, even though Cyprus continues to perform well economically....
https://knews.kathimerini.com.cy/en/business/cyprus-picks-up-investment-momentum
Cyprus is maintaining a strong grip on investment interest, primarily due to its strategic geographic location, its well-developed professional services sector, and the attractive business environment it has built....
https://knews.kathimerini.com.cy/en/business/cyprus-climbs-the-global-competitiveness-rankings
Cyprus' economy is showing encouraging progress in competitiveness, ranking 42nd out of 70 economies in this year's IMD World Competitiveness Yearbook. The country improved by two places compared with last year, climbing from 44th in 2025....
https://knews.kathimerini.com.cy/en/news/cyprus-finishes-eu-presidency-with-major-deals-on-health-travel-rights-and-migration
Cyprus officially concludes its six-month presidency of the Council of the European Union on June 30, with the government expressing clear satisfaction over what it describes as a successful term....
https://knews.kathimerini.com.cy/en/news/digital-euro-coming-by-2030-as-cyprus-gets-a-new-way-to-pay
The digital euro is slowly moving from theory to reality, and if all goes to plan, it could become part of everyday life across Cyprus and the rest of the eurozone by 2030....
https://knews.kathimerini.com.cy/en/news/ecb-warns-cyprus-foreclosure-changes-could-backfire-on-economy-and-borrowers
On May 18, 2026, the European Central Bank (ECB) received a request from Cyprus’ Finance Ministry to provide an opinion on legislation passed by Parliament that amends the country’s foreclosure framework. ...
https://knews.kathimerini.com.cy/en/business/cyprus-discusses-project-kuiper-and-cybersecurity-cooperation-with-amazon
A meeting between President of the Republic Nikos Christodoulides and Amazon Vice President Panos Panay took place in a positive and productive atmosphere, opening new possibilities for cooperation between Cyprus and the global technology company....
https://knews.kathimerini.com.cy/en/news/cyprus-delivers-results-focused-eu-presidency-says-christodoulides
President of the Republic Nikos Christodoulides presented an assessment of Cyprus’ Presidency of the Council of the European Union following the conclusion of the final European Council meeting held during Cyprus’ six-month term. He described it as “a mission that we carried out with genuine dedication, intensive work, steady progress and tangible results.”...
https://knews.kathimerini.com.cy/en/news/finding-a-parking-space-could-soon-get-easier-in-paralimni-deryneia
The installation of smart parking technology has begun across the Paralimni–Deryneia Municipality as part of the national "Smart Cyprus" initiative, which aims to introduce digital solutions in local communities....
https://knews.kathimerini.com.cy/en/news/1st-gastronomos-festival-comes-to-vouni-limassol
Gastronomos Cyprus is honoring the people of Limassol's fire-stricken villages and supporting their recovery and renewal....
https://knews.kathimerini.com.cy/en/business/work-reimagined-gen-z-and-millennials-prioritise-wellbeing-and-skills-in-an-ai-driven-world
As Gen Zs and millennials move deeper into adulthood and leadership, they are reshaping how progress at work is defined, often prioritising stability, skills, and wellbeing before advancement, according to the results of Deloitte Global’s annual Gen Z and Millennial Survey. Now in its 15th year, the research draws on responses from more than 22,500 Gen Zs and millennials across 44 countries, alongside qualitative insights from business leaders....
https://knews.kathimerini.com.cy/en/news/eu-investment-bank-restarts-funding-to-turkey-after-7-year-freeze
The return of the European Investment Bank (EIB) to Turkey was officially sealed on June 10, marking the revival of new development projects in the country after a seven-year hiatus....
https://knews.kathimerini.com.cy/en/news/cyprus-shows-strong-growth-and-falling-debt-but-warning-signs-remain
Cyprus’ economy is continuing to grow strongly, with falling debt and a stabilizing financial system, but new risks linked to regional instability and long-term structural challenges are still hanging over the country, according to a new European report....
https://knews.kathimerini.com.cy/en/news/athienou-launches-plan-to-transform-organic-waste-into-valuable-compost
AKTI Project and Research Centre, in collaboration with Athienou Municipality, is developing the Athienou Resilience Hub through the European NURISH project, an initiative focused on creating a circular approach to managing organic waste generated in the area....
https://knews.kathimerini.com.cy/en/news/building-a-home-in-cyprus-is-getting-more-expensive
Building a home in Cyprus has become noticeably more expensive over the past year, with construction material costs rising sharply and adding fresh pressure on property prices across the island....
https://knews.kathimerini.com.cy/en/business/cyprus-based-brokerage-boosts-its-financial-safety-under-regulator-pressure
A Limassol-based brokerage firm has updated its financial disclosures to Cyprus regulators in a move aimed at strengthening its resilience against market volatility and meeting stricter EU financial rules....
https://knews.kathimerini.com.cy/en/business/nvidia-vp-sees-ai-as-a-tool-to-help-cyprus-tackle-traffic-water-and-climate-changes
Artificial intelligence has the potential to help tackle some of Cyprus’ biggest challenges, from energy and water management to climate resilience and traffic congestion, according to John Josephakis, Global Vice President of HPC/Supercomputing at NVIDIA....
