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/life/life-lessons-you-wish-you-d-known-at-20
These are the life lessons most people only learn the hard way by their forties. Knowing them earlier can change how you handle responsibility, relationships, self-worth, and the slow work of building a life that actually feels good....
https://knews.kathimerini.com.cy/en/news/nicosia-offers-up-to-€150-000-for-voluntary-early-retirement
Nicosia Municipality has announced a voluntary early retirement scheme aimed at reducing its fixed costs. The scheme allows for the departure of up to 25 employees, covering both permanent staff and those on indefinite-term contracts....
https://knews.kathimerini.com.cy/en/news/pamboridis-bets-he-can-unite-disy-—-but-will-averof-back-him
Giorgos Pamboridis outlined his vision and policy platform today at his first news conference since formally entering the race for Democratic Rally’s nomination for the 2028 presidential election....
https://knews.kathimerini.com.cy/en/news/even-coffee-is-taking-a-bigger-bite-out-of-cyprus-budgets
A cup of coffee is becoming an increasingly costly habit for consumers in Cyprus, with prices for both traditional Cypriot and instant coffee climbing over the past year....
https://knews.kathimerini.com.cy/en/news/monday-forecast-cyprus-braces-for-a-stormier-spell-as-autumn-finally-shows-its-hand
A weak high-pressure system will temporarily affect the area, while low pressure is expected on Thursday. Dust will be present in the atmosphere at times. So, if you're feeling a little hazy this morning, it could be the dust, the clock change, or the realisation that the weekend is officially over. ...
https://knews.kathimerini.com.cy/en/news/state-saves-€20-million-a-year-on-new-hires-starting-pay
The state saves €20.1 million annually by reducing entry-level pay scales for new civil service hires by 10%. The Finance Ministry has no intention of abolishing or revising the measure, which applies for 24 months....
https://knews.kathimerini.com.cy/en/news/get-ready-to-fall-back-daylight-saving-time-ends-tomorrow-morning
Get ready for a little gift from the night sky, Cyprus. In the wee hours of tomorrow morning, Sunday, October 25, clocks will take a gentle step backward....
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/eu-investigates-booking-com-over-scams-and-advertising
You have picked the hotel, checked the photos, and worked out what the holiday will cost. But is the listing genuine, can you trust a message asking for payment, and is that hotel recommendation actually an advertisement?...
https://knews.kathimerini.com.cy/en/business/lidl-cyprus-launches-new-lidl-points-program-more-savings-and-maximum-flexibility
With the introduction of "Lidl Points" within the Lidl Plus app, Lidl Cyprus is offering its customers even more flexibility, freedom of choice, and opportunities to save on their daily shopping starting on Thursday, October 22, 2026. Users can collect valuable points with every purchase and redeem them individually for attractive rewards - in addition to the existing benefits and discount coupons already available in the Lidl Plus app.
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https://knews.kathimerini.com.cy/en/news/famagusta-s-ai-water-cop-has-a-funny-way-of-telling-us-to-stop-wasting-water-video
The Famagusta District Local Government Organisation (EOA) has turned to artificial intelligence and humour to encourage residents to use water responsibly, introducing a fictional water police officer who patrols for wasteful habits....
https://knews.kathimerini.com.cy/en/news/eight-bidders-€180-million-and-a-second-chance-for-cyprus-stalled-gas-terminal
Eight bidders, €180 million and one second chance for Cyprus’ failed gas terminal. The government is trying again to finish Vasiliko, a project meant to help bring down electricity costs that has instead become a costly lesson in delays....
https://knews.kathimerini.com.cy/en/news/up-to-€32-000-to-make-your-home-cheaper-to-heat-and-cool
If your home struggles to stay cool in summer and warm in winter, a new grant scheme could help cover improvements that reduce the energy it needs and potentially bring down the bills....
https://knews.kathimerini.com.cy/en/news/our-banks-are-worth-much-more-could-big-investors-come-knocking
Bank of Cyprus ranks among the world’s leading banks, according to Forbes magazine’s first annual ''World’s Top Performing Banks 2026'' ranking, compiled in partnership with market research company Statista....
https://knews.kathimerini.com.cy/en/news/that-€200-000-home-could-now-cost-you-€15-800-more
You save a little more each month, cut back where you can, and watch your house deposit grow. Then you look at property prices again, and the target has moved....
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/business/start-your-next-shop-from-your-fridge-lidl-cyprus-powerful-campaign-to-reduce-food-waste
A year after the "Our Strength" campaign, the company returns on the International Day of Awareness of Food Loss and Waste with a simple yet highly significant message for its customers—one that saves money and contributes substantially to reducing food waste.
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https://knews.kathimerini.com.cy/en/news/relief-is-coming-government-says-but-household-bills-are-not-waiting
For Cypriot households already watching the petrol gauge as closely as the supermarket receipt, the government’s message is simple: help is in place, and more is on the way....
https://knews.kathimerini.com.cy/en/business/national-guard-spends-€9-5m-on-food-but-73-of-soldiers-avoid-meals
More than €9.5 million was spent feeding National Guard soldiers in 2025, yet a new Audit Office report has found significant problems with food safety, meal quality, ordering practices and waste, with 73% of soldiers saying they avoid certain dishes....
https://knews.kathimerini.com.cy/en/news/trade-unions-warn-worker-leasing-may-be-linked-to-human-trafficking
Cyprus MPs are seeking answers from the authorities over allegations that workers are being illegally leased to businesses, with trade unions telling Parliament that some cases may be connected to human trafficking....
https://knews.kathimerini.com.cy/en/news/cyprus-state-sector-remains-large
The 2027 state budget, approved by the Cabinet this week, points to an effort to reduce the number of permanent public-sector positions. Even so, the state sector remains large....
https://knews.kathimerini.com.cy/en/news/fitiris-cuts-police-protection-for-former-officials-to-reduce-state-spending
Justice Minister Costas Fitiris’ review of police protection for political figures and former state officials is already freeing officers for other duties, as the government continues efforts to reduce unnecessary public expenditure....
https://knews.kathimerini.com.cy/en/news/global-lng-prices-up-150-while-cyprus-terminal-remains-unfinished
Europe is scrambling to secure enough natural gas for winter, with global prices soaring as supplies from Qatar remain trapped behind one of the world’s most dangerous shipping bottlenecks....
https://knews.kathimerini.com.cy/en/life/still-reaching-for-the-ac-here-s-the-ideal-temperature-for-comfort-and-lower-bills
The calendar may say summer is over, but the weather has not entirely received the message. Parts of the day remain hot and humid, leaving many households still reaching for the air conditioner....
https://knews.kathimerini.com.cy/en/news/fuel-tax-cut-will-stay-but-oil-surge-threatens-to-swallow-the-saving
The government has stopped one petrol-price increase from reaching Cyprus drivers, but the international oil market may be preparing another....
https://knews.kathimerini.com.cy/en/business/1-from-chatbots-to-co-workers
Three questions decide whether your AI investment compounds into operating advantage or evaporates into another round of pilots.
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https://knews.kathimerini.com.cy/en/news/ecb-raises-rates-again-as-cyprus-households-face-costlier-loans
If higher supermarket bills, electricity costs and petrol prices were not enough, some Cyprus households could now face another demand on their monthly budget: a more expensive loan....
https://knews.kathimerini.com.cy/en/business/the-boc-fintech-hackathon-7-0-is-here-build-the-future
Bank of Cyprus is organizing the 7th Innovation Marathon for application development, BoC Fintech Hackathon 7.0, which focuses on implementing proposals and digital applications around Fintech, while also combining themes such as Social Innovation, Cybersecurity, and Smart Cities, using Artificial Intelligence, with the main goal of promoting entrepreneurship.
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https://knews.kathimerini.com.cy/en/news/build-your-home-on-state-land-at-25-of-its-value-do-you-qualify
For a young family watching house prices climb further out of reach, a state plot offered at just 25% of its market value sounds like the break they have been waiting for....
