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....
https://knews.kathimerini.com.cy/en/news/cyprus-firms-face-tougher-checks-on-business-with-greece
Cyprus has been included on a 42-country list that will bring certain transactions with Greek businesses under closer tax scrutiny. But the decision does not mean Greece has accused Cyprus, or every company based here, of tax evasion....
https://knews.kathimerini.com.cy/en/news/six-tonnes-of-meat-smuggled-from-free-areas-into-occupied-north
This was not a few cuts of meat hidden in the back of a car. Around six tonnes, reportedly 216 sheep carcasses, were found after allegedly being moved illegally from the government-controlled areas into the north....
https://knews.kathimerini.com.cy/en/news/budget-stays-in-surplus-as-war-and-rising-prices-squeeze-the-economy
The 2027 state budget will be presented to the Council of Ministers on Wednesday. It was prepared against a particularly challenging economic backdrop, just one week after the European Central Bank raised interest rates in an effort to contain inflationary pressures....
https://knews.kathimerini.com.cy/en/business/s-p-global-ratings-revises-freedom24-outlook-to-positive-highlighting-the-group-s-diversified-earnings-and-strong-capitalisation
Following an improved assessment of risk in the banking sector of Kazakhstan, Freedom Holding Corp.’s largest operating market, S&P Global Ratings has revised the outlook on the long-term issuer credit ratings of the group and its four core subsidiaries from stable to positive. The long- and short-term ratings on the operating subsidiaries were affirmed at BB-/B, while the rating on Freedom Holding Corp. was affirmed at B-. S&P also raised the Kazakhstan national-scale ratings on Freedom Finance JSC and Freedom Bank Kazakhstan JSC to kzA from kzA-....
https://knews.kathimerini.com.cy/en/life/the-man-who-put-cyprus-motoring-history-on-display
Long before the Cyprus Historic and Classic Motor Museum became one of Limassol's distinctive attractions, its founder, veteran rally driver Dimis Mavropoulos, was thinking about what he would leave behind....
https://knews.kathimerini.com.cy/en/business/keravnos-big-companies-are-not-leaving-cyprus-over-15-tax-rule
Big companies are not packing their bags and leaving Cyprus because of the new global minimum tax, Finance Minister Makis Keravnos said Thursday, dismissing reports of a corporate exodus as speculation driven by ''individual voices.''...
https://knews.kathimerini.com.cy/en/news/agree-on-new-eu-taxes-or-pay-more-and-get-less-costa-warns
EU governments face a blunt choice: agree on new sources of income for the bloc, pay more from their national budgets, or accept cuts to programs they want to protect....
https://knews.kathimerini.com.cy/en/business/1-cyprus-records-eu-s-steepest-fall-in-tourist-stays
Cyprus recorded the biggest fall in tourist overnight stays anywhere in the European Union during the first half of 2026, even as tourism across the bloc continued to grow....
https://knews.kathimerini.com.cy/en/business/cyprus-records-€770-6-million-fiscal-surplus-in-first-seven-months
Cyprus recorded a General Government fiscal surplus of €770.6 million in the first seven months of 2026, equivalent to 2.0% of GDP, according to preliminary figures released by the Statistical Service on Monday....
https://knews.kathimerini.com.cy/en/comment/opinion/hangovers-are-officially-passe
The other day, dear reader, I found myself studying statistical maps that attempted to chart the drinking habits of the United Kingdom and continental Europe. Quite remarkably, for once, they had found something they agreed on....
https://knews.kathimerini.com.cy/en/business/goodbye-iban-cyprus-prepares-to-send-money-by-phone-number
Work is expected to gather pace in September on a project that will allow people in Cyprus to transfer money using only a mobile phone number. The system will be based on Greece’s IRIS service but adapted for the Cypriot market....
https://knews.kathimerini.com.cy/en/business/cyprus-gaming-revenue-is-closing-in-on-tourism-who-knew
Cyprus has long been known for tourism, shipping and financial services. Video games rarely make the list....
https://knews.kathimerini.com.cy/en/news/nikos-christodoulides-expectation-vs-result
If the President decides to run for a second term, as all signs suggest he will, he cannot go back to voters in 2028 relying on the same sense of promise that brought him to power in 2023. By 2028, he will need concrete results, measured directly against his initial campaign promises....
https://knews.kathimerini.com.cy/en/news/cyprus-israel-power-link-moves-into-the-money-stage
Plans to connect the electricity grids of Cyprus and Israel are moving forward, with the company behind the Great Sea Interconnector taking the next formal step needed to get the project off the drawing board....
https://knews.kathimerini.com.cy/en/news/bill-gates-daughter-accused-of-taking-credit-for-online-sales-she-did-not-bring-in
An online shopping app co-founded by Bill Gates’ daughter is under scrutiny over claims that it collected money from sales it may have had nothing to do with....
https://knews.kathimerini.com.cy/en/business/1-freedom-holding-corp-reports-40-revenue-growth-in-q1-fy2027
Freedom Holding Corp. (Nasdaq: FRHC), the parent company of Freedom24, has announced its financial results for the first quarter of fiscal year 2027, covering the three months ended June 30, 2026. The company reported total net revenue of $732.5 million, up 40% year on year from $524.0 million in the same period last year....
https://knews.kathimerini.com.cy/en/business/cyprus-set-to-collect-first-natural-gas-revenues-in-2028
The Republic of Cyprus could receive its first revenues from natural gas in 2028, according to Energy, Commerce and Industry Minister Michalis Damianou....
https://knews.kathimerini.com.cy/en/business/financial-instability-in-the-occupied-area-threatens-future-reunification-plans
Up until now, all parties, including the Greek Cypriot side, have operated under the assumption that they don't need to tackle the fiscal viability of the successor state in the occupied area. That mindset is dangerous, especially when the necessary fixes aren't actually out of reach, so long as someone takes action....
https://knews.kathimerini.com.cy/en/news/that-€3-parcel-charge-brought-customs-nearly-€2-million-in-one-month
That small €3 charge on goods ordered from outside the European Union has quickly added up, bringing Cyprus Customs nearly €2 million in its first month....
https://knews.kathimerini.com.cy/en/news/government-municipality-funding-battle-shows-no-sign-of-ending
The dispute between the government and the Union of Municipalities over state funding for local authorities shows no sign of ending. ...
https://knews.kathimerini.com.cy/en/news/shell-cashes-out-of-aphrodite-as-cyprus-still-waits-for-first-gas
Shell is leaving Cyprus’ Aphrodite gas field in a deal worth as much as $720 million, handing its share to Hungary’s MOL Group before the long-delayed project receives its final investment approval....
https://knews.kathimerini.com.cy/en/news/€156-million-and-still-suffocating-minister-tells-municipalities-to-explain
If government funding for municipalities rose from €70 million to €117 million, why are local authorities now saying they cannot breathe financially?...
https://knews.kathimerini.com.cy/en/business/hotels-may-be-busy-but-cyprus-is-earning-far-less-from-tourism
The beaches are busy, hotel pools are full, and flights continue to arrive, but Cyprus' tourism industry is earning significantly less money than it did this time last year....
https://knews.kathimerini.com.cy/en/news/fifa-puts-world-cup-up-for-sale-in-$20-billion-wall-street-play
Gianni Infantino wants to turn international football into private equity. FIFA’s plan to carve off a 20 per cent stake in its commercial empire for $4.2 billion has met immediate resistance across Europe and beyond....
https://knews.kathimerini.com.cy/en/news/where-is-cyprus-spending-your-money-€412-million-poured-into-projects-in-six-months
Cyprus recorded an increase in state development spending during the first half of 2026, according to a report by the Treasury on the implementation of the state budget....
