https://knews.kathimerini.com.cy/en/business/xm-investors-await-green-light-to-take-over-ancoria-bank
Two Cypriot investors behind a successful global trading platform are making a bold move to take over Ancoria Bank, in what could signal a new era for small-scale banking in Cyprus....
https://knews.kathimerini.com.cy/en/news/when-life-gives-you-orange-warnings…-stay-inside
There’s no yellow flag fluttering today, just a bold, blazing orange warning from the Meteorological Department, signaling extreme heat across the region. The alert is in effect from 12:00 noon until 5:00 p.m....
https://knews.kathimerini.com.cy/en/business/cyprus-at-a-crossroads-can-the-island-become-a-regional-business-powerhouse
In a candid and forward-looking interview, Invest Cyprus President Evgenios Evgeniou shares how the island is gaining traction as a regional investment hub but also warns that serious challenges must be tackled head-on if Cyprus wants to stay competitive....
https://knews.kathimerini.com.cy/en/news/paralimni-deryneia-deploys-ai-to-spot-fires-before-they-spread
As Cyprus grapples with another sweltering summer and heightened fire risk, the Municipality of Paralimni-Deryneia is turning to artificial intelligence for help....
https://knews.kathimerini.com.cy/en/business/cyprus-banks-are-merging-and-here-s-what-that-means-for-you
Cyprus is heading toward a major financial facelift, with a wave of mergers and acquisitions already in motion and expected to accelerate by the end of 2025. Sirens may have marked a different kind of Tuesday morning in Nicosia, but in the banking world, the alarm bells signal transformation....
https://knews.kathimerini.com.cy/en/news/movement-of-cypriots-for-peace-and-solidarity-meets-with-president-ahead-of-conference-in-new-york
A group of Turkish Cypriots has formally accused Turkey of carrying out a systematic population transfer in the northern, Turkish-occupied part of Cyprus, actions they say amount to ethnic cleansing, and is calling on the Republic of Cyprus to take legal action at the International Criminal Court (ICC)....
https://knews.kathimerini.com.cy/en/news/cyprus-taps-u-s-and-eu-defense-funds-to-strengthen-military
Cyprus is taking steps to strengthen its military capabilities with help from both the European Union and the United States, government officials announced on Wednesday, marking another sign of deepening strategic ties between Nicosia and Washington....
https://knews.kathimerini.com.cy/en/news/rotterdam-port-prepares-for-nato-shipments-as-europe-anticipates-potential-conflict-with-russia
As NATO braces for the possibility of a large-scale war with Russia within the next five years, Europe’s largest port is transforming itself into a strategic military logistics hub....
https://knews.kathimerini.com.cy/en/life/parisians-dive-into-the-seine-for-the-first-time-in-a-century
For the first time in more than a century, the Seine River is open for swimming, and just in time, as much of Europe swelters under a summer heatwave....
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/news/bank-of-cyprus-sheds-€2-5b-in-real-estate-marks-biggest-property-sale-in-island-s-history
The Bank of Cyprus has officially sold off more than €2.5 billion worth of real estate, over 5,100 properties, through its Real Estate Management Unit (REMU), marking a major milestone in clearing long-standing burdens from its balance sheet, according to Kathimerini's Panayiotis Rougalas....
https://knews.kathimerini.com.cy/en/business/columbia-group-buys-venus-rock-golf-for-€132m-in-one-of-cyprus-biggest-real-estate-deals
One of the largest real estate deals ever recorded in Cyprus closed Monday morning, as the Columbia Group signed a €132 million agreement to acquire the sprawling Venus Rock Golf resort in Paphos....
https://knews.kathimerini.com.cy/en/business/cypriot-businesses-go-greener-as-hundreds-certified-in-nationwide-esg-initiative
Nearly 1,000 Cypriot businesses have joined a nationwide push toward sustainability, with two-thirds already certified under Environmental, Social, and Governance (ESG) standards, marking the first-year results of a collaborative interbank initiative aimed at promoting responsible business practices....
https://knews.kathimerini.com.cy/en/business/eurobank-eyes-dual-listing-on-cyprus-and-athens-stock-exchanges-after-hellenic-bank-exit
Greece’s Eurobank is considering listing its shares on the Cyprus Stock Exchange (CSE), just as Hellenic Bank prepares to officially delist on June 30, 2025, sealing a €1.3 billion investment deal that signals strong faith in the Cypriot economy....
https://knews.kathimerini.com.cy/en/news/odysseas-michaelides-alleges-political-persecution-over-claims-against-president
Former Auditor General and now leader of the ALMA political movement, Odysseas Michaelides, says he's the target of a political conspiracy aimed at silencing him for publicly criticizing President Nikos Christodoulides....
https://knews.kathimerini.com.cy/en/news/israeli-airstrike-hits-iran-s-state-tv-headquarters-as-nuclear-tensions-surge
Israel launched a direct strike on Iran’s state television headquarters in Tehran early Monday, intensifying a growing conflict and sending thousands of residents fleeing the capital....
https://knews.kathimerini.com.cy/en/news/cyprus-on-high-alert-as-regional-tensions-escalate
Following Israeli missile strikes on Iran, Cyprus has raised its security posture and is preparing to serve as a humanitarian bridge between East and West....
https://knews.kathimerini.com.cy/en/news/nicosia-activates-crisis-response-as-israel-iran-tensions-escalate
In response to the latest Middle East crisis sparked by Israel’s missile strikes on Iran, Nicosia is sticking to its long-held stance that Cyprus serves as a humanitarian bridge between East and West....
https://knews.kathimerini.com.cy/en/business/keravnos-takes-gratuity-tax-exemption-proposal-to-cabinet-opposes-one-size-calculation
Finance Minister Makis Keravnos on Wednesday signaled support for a proposal to exempt from taxation a 15% gratuity granted to officials, but said the measure still requires Cabinet approval....
https://knews.kathimerini.com.cy/en/business/deutsche-bank-eyes-return-to-cyprus-after-nearly-a-decade
Deutsche Bank, one of Europe’s biggest financial institutions, is considering a return to Cyprus nearly a decade after pulling out during the island’s financial crisis....
https://knews.kathimerini.com.cy/en/news/it-s-a-sweet-start-to-summer-as-cyprus-basks-under-the-strawberry-moon
The skies over Cyprus lit up in soft gold and silver hues last night as the first full moon of summer made its grand entrance and with it came a name as sweet as the season: the Strawberry Moon....
https://knews.kathimerini.com.cy/en/news/what-s-behind-narendra-modi-s-visit-to-cyprus
Government officials consider the upcoming official visit of Indian Prime Minister Narendra Modi to Cyprus this Sunday to be of particular importance for both geopolitical reasons and bilateral relations between the two countries....
https://knews.kathimerini.com.cy/en/news/despite-ahk-chief-s-assurances-technocrats-push-for-higher-power-rate-hike
Even though the chairman of the Electricity Authority of Cyprus (AHK), Giorgos Petrou, recently stated that the AHK would be requesting only a modest 3% electricity price hike, the utility’s technocrats are still pushing for an increase of up to 7.5% before VAT....
https://knews.kathimerini.com.cy/en/news/modi-s-stop-in-cyprus-sends-subtle-shot-at-turkey
Indian Prime Minister Narendra Modi is set to visit Cyprus later this month in a stop that’s more than just diplomatic; it’s also a pointed message to Turkey, according to Indian media....
https://knews.kathimerini.com.cy/en/news/the-right-time-is-coming-and-it-will-come-soon-vows-greek-foreign-minister-regarding-crete-cyprus-power-link
Greek Foreign Minister Giorgos Gerapetritis reaffirmed Greece’s commitment to the Crete-Cyprus electricity interconnection project, stating that it will proceed as planned and “at the right time,” during a recent interview....
https://knews.kathimerini.com.cy/en/business/new-cafe-to-open-inside-closed-famagusta-sparks-debate
The so-called ''mayor'' of the occupied area of Famagusta, Suleiman Ulucai, announced plans for a new beach restaurant to open this summer inside the closed-off city of Varosha, raising fresh tensions amid the ongoing division of Cyprus....
https://knews.kathimerini.com.cy/en/business/good-news-for-borrowers-as-ecb-to-cut-interest-rates
The European Central Bank (ECB) is widely expected to cut its key interest rates by 0.25% this Thursday, a move that could bring welcome relief for borrowers and banks in Cyprus. ...
https://knews.kathimerini.com.cy/en/news/greece-appoints-seasoned-diplomat-as-new-ambassador-to-cyprus
A new chapter begins at the Greek Embassy in Nicosia as veteran diplomat Constantinos Kollias officially takes over as Greece’s new ambassador to Cyprus, succeeding Ioannis Papameletiou, whose term ended after a successful tenure....
https://knews.kathimerini.com.cy/en/news/kremlin-s-security-shattered-as-ukraine-targets-russian-heartland
A series of Ukrainian drone strikes deep inside Russian territory over the weekend has exposed vulnerabilities in Moscow’s military defenses and dealt a symbolic and strategic blow to the Kremlin’s confidence, just ahead of peace talks in Istanbul....
https://knews.kathimerini.com.cy/en/business/cyprus-cruise-season-launches-with-170-000-travelers-expected-in-2025
The Daleela ferry launched its first voyage of the 2025 Cyprus–Greece maritime season on Saturday, as officials announced a surge in cruise tourism and reaffirmed the country's ambitions to become a key player in the global cruise sector....
