https://knews.kathimerini.com.cy/en/news/big-bank-profits-bigger-plans-for-shareholder-payouts
Banks operating in Cyprus and Greece reported nine-month results that lay solid foundations for a strong 2027. Profits topped €1 billion in some cases, helped substantially by net interest income as interest rates moved in the banks’ favor....
https://knews.kathimerini.com.cy/en/news/what-if-cyprus-kept-more-of-the-rain-that-falls
Growing pressure on Cyprus’ water supplies is drawing attention to how the Netherlands manages its water. Shortages and the effects of climate change have made the search for new approaches more urgent....
https://knews.kathimerini.com.cy/en/news/eu-weighs-higher-taxes-on-cigarettes-and-vapes
A €4.80 pack of cigarettes in Greece already includes about €3.83 in taxes. European Union finance ministers meet Monday in Brussels to try to agree on how much higher tobacco taxes should go and how quickly countries should have to raise them....
https://knews.kathimerini.com.cy/en/business/cyprus-s-external-gap-widens-as-growth-holds-up
Cyprus’s economy continues to expand, but the widening imbalance in its external accounts deserves closer attention. The current account records earnings and payments between Cyprus and the rest of the world, covering trade, investment income and transfers (e.g., from the European Commission). The Central Bank of Cyprus’s revised figures put the 2025 deficit at 8.8% of GDP, compared with 6.4% previously reported (Figure 1). By contrast, the 2024 deficit was revised to 5.5% of GDP, down from 8.2% previously reported. These changes show that the gap widened in 2025, reversing the earlier picture of improvement. Figures for the first six months of 2026 show further pressure.
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https://knews.kathimerini.com.cy/en/comment/opinion/tourists-kept-coming-to-cyprus-so-why-did-hotel-profits-fall
Tourism directly accounts for 13% to 15% of Cyprus’ GDP, and more than 25% once we count the economic activity it supports along the way....
https://knews.kathimerini.com.cy/en/business/ey-cyprus-earns-2026-2027-great-place-to-work-certification
EY Cyprus is proud to be Certified™ by Great Place To Work® for October 2026 - 2027. The prestigious award is based entirely on what current employees say about their experience working at EY Cyprus. 91% of employees said that when you join the company, you are made to feel welcome.
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https://knews.kathimerini.com.cy/en/news/greek-butcher-shop-hit-in-refrigeration-cyberattacks-should-cypriot-retailers-be-worried
A butcher’s shop in the Athens suburb of Kifisia has been targeted in a cyberattack on its refrigeration equipment, Greek media reported on Tuesday, adding a local dimension to a series of incidents that have disrupted supermarket cooling systems across Europe....
https://knews.kathimerini.com.cy/en/news/kronos-the-offshore-underdog-that-became-the-front-runner
Fifteen years after the first discovery of substantial hydrocarbon reserves in Cyprus’ exclusive economic zone, the Republic of Cyprus and Italian energy company Eni have taken their most significant step toward bringing the island into the ranks of energy-producing countries....
https://knews.kathimerini.com.cy/en/news/kronos-deal-is-historic-but-cyprus-may-gain-little-expert-warns
Cyprus is closer than ever to exporting its own natural gas, but the financial benefits for the country could be much smaller than many hope, energy expert Charles Ellinas has warned....
https://knews.kathimerini.com.cy/en/news/government-spends-more-than-it-earns-as-deficit-grows
The Cypriot government spent nearly €143 million more than it brought in during the second quarter of 2026, as rising costs outpaced an increase in revenue, preliminary figures from the Statistical Service show....
https://knews.kathimerini.com.cy/en/news/cyprus-signs-major-gas-deal-with-kronos-production-targeted-for-2028
Cyprus moved a step closer Monday to turning its offshore natural gas into an income source for the country, signing contracts worth up to $1.8 billion to develop the Kronos field....
https://knews.kathimerini.com.cy/en/news/heating-fuel-tax-cut-takes-effect-but-mps-push-for-more-relief
Heating fuel taxes fall by 6.39 cents a liter from today, Oct. 23, giving households some relief before winter, although MPs warned that the reduction would only partly ease the pressure of rising energy costs....
https://knews.kathimerini.com.cy/en/business/claude-s-creator-reports-an-$80-7-billion-loss-what-s-behind-the-number
Ask an AI chatbot to draft an email or explain a complicated document, and the answer arrives in seconds. Behind that simple exchange sits an expensive business, and the latest figures from Claude’s creator show just how big the numbers have become....
https://knews.kathimerini.com.cy/en/news/cyprus-pledges-€25-million-for-power-cable-stays-silent-on-the-rest
As the Cyprus–Crete electricity interconnector awaits a return to activity, the temporary suspension of survey work in 2014 helped ease tensions between Greece’s Independent Power Transmission Operator, ADMIE, and the Cypriot regulatory authorities, mainly over financial matters....
https://knews.kathimerini.com.cy/en/news/aphrodite-gas-agreements-expected-to-be-signed-in-egypt-this-week
Getting Cyprus’ offshore gas out of the seabed and onto the market takes more than a pipeline. It also means agreeing who buys it, how it gets there and what financial rules apply....
https://knews.kathimerini.com.cy/en/business/cyprus-ship-registry-grows-27-as-island-courts-japanese-shipping
A ship does not have to sail into Limassol to have a connection to Cyprus. By registering under the Cyprus flag, shipowners choose the island as their vessel’s legal home, bringing business to a maritime sector that extends well beyond the waterfront....
https://knews.kathimerini.com.cy/en/comment/opinion/a-crisis-within-a-crisis-at-the-tourism-ministry
Although the crisis facing Cyprus's tourism sector may have ultimately ended on a positive note, with last-minute bookings coming to the rescue, tensions within the Deputy Ministry of Tourism were running high at the time. According to information we have received, employees were on the verge of revolt and strike action. ...
https://knews.kathimerini.com.cy/en/news/bbc-deloitte-cyprus-helped-falsify-records-to-hide-abramovich-s-wealth
Deloitte Cyprus helped falsify documents to conceal Roman Abramovich’s wealth and appears to have advised on a scheme that allowed one of his companies to evade millions in Cypriot taxes, according to a joint investigation by BBC Panorama and the Bureau of Investigative Journalism....
https://knews.kathimerini.com.cy/en/news/tel-aviv-stock-exchange-considers-buying-cyprus-stock-exchange
The Tel Aviv Stock Exchange is taking a serious look at buying the Cyprus Stock Exchange (CSE). Israeli financial publication Calcalist reports that the exchange, headed by Itay Ben Zeev, intends to participate in a tender to be launched by the Cypriot government for the exchange’s privatization....
https://knews.kathimerini.com.cy/en/business/visa-free-u-s-travel-and-direct-flights-top-amcham-s-cyprus-wish-list
A policy study by the American Chamber of Commerce in Cyprus (AmCham), which is part of the Cyprus Chamber of Commerce and Industry (CCCI), focuses on specific initiatives to further strengthen and deepen relations between the Republic of Cyprus and the United States....
https://knews.kathimerini.com.cy/en/news/rubio-greek-turkish-conflict-‘unthinkable-u-s-backs-cyprus-power-link
U.S. Secretary of State Marco Rubio described the prospect of a Greek-Turkish conflict as “unthinkable” in an interview with Kathimerini. ...
https://knews.kathimerini.com.cy/en/news/six-major-eu-countries-face-a-€4-8-trillion-debt-‘bomb
Borrowing money was once so cheap that some European governments paid no interest at all. Now those debts are coming due, and replacing them will cost considerably more....
https://knews.kathimerini.com.cy/en/business/george-metzakis-ceo-of-cyta-joins-techisland-s-board-of-directors
TechIsland®, Cyprus’ largest technology association, announces the appointment of George Metzakis, CEO of Cyta, to its Board of Directors.
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https://knews.kathimerini.com.cy/en/comment/opinion/when-economic-reality-collides-with-political-reality
The electoral cycle, with societies becoming increasingly polarized and divided, makes the situation even more difficult. Entrenched special interests, and their influence over political decisions, make difficult choices even harder to implement....
https://knews.kathimerini.com.cy/en/news/ukraine-eyes-porn-decriminalisation-as-new-source-of-war-tax-revenue
Ukraine is considering a surprising way to bring more money into state coffers as it continues funding its war against Russia: decriminalising pornography and taxing the industry....
https://knews.kathimerini.com.cy/en/news/hidden-4-1-rise-in-public-sector-staff-costs-in-2027
While the government is cutting civil service positions in an effort to contain the public-sector wage bill, the picture presented by staffing expenditure tells a different story....
https://knews.kathimerini.com.cy/en/news/after-years-of-talk-cyprus-tells-chevron-it-is-time-to-turn-aphrodite-into-gas
Cyprus has spent years talking about the natural gas beneath its waters. Now, President Nikos Christodoulides says it is time to move from plans and promises to actual production....
https://knews.kathimerini.com.cy/en/business/deloitte-s-second-cultivating-success-stories-of-innovation-showcases-the-strength-of-cyprus-start-up-ecosystem
The Deloitte Technology Fast 50 programme and ARIS | A Really Inspiring Story (ARIS) accelerator brought together the next generation of technology entrepreneurs at a high-impact event in Limassol, celebrating the momentum, ambition and growing international reach of the start-up και scale-up ecosystem in Cyprus and the Middle East.
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https://knews.kathimerini.com.cy/en/business/cyprus-rejects-three-eu-revenue-proposals-as-nicosia-draws-red-lines-over-eu-funding-plans
Nicosia drew its red lines during a particularly divisive discussion among the 27 member states, which focused on both the size and composition of the EU’s “New Own Resources” (NORs), meaning the new revenue sources the European Union is proposing to use to finance the 2028-2034 European budget while partially reducing its reliance on direct contributions from member states....
https://knews.kathimerini.com.cy/en/news/christodoulides-heads-to-new-york-with-cyprus-talks-and-energy-high-on-the-agenda
President Nikos Christodoulides is heading to New York for a packed week of meetings that will put the Cyprus issue, energy, regional security and climate change firmly on the agenda....
