https://knews.kathimerini.com.cy/en/news/eu-launches-€5-million-scholarship-fund-for-turkish-cypriots
The European Commission's office in Cyprus has announced the launch of the EU Scholarship Programme for the Turkish Cypriot community for the academic year 2025–2026. ...
https://knews.kathimerini.com.cy/en/comment/opinion/it-was-a-low-bar
The Housing Grant Scheme for young couples and individuals up to 41 years of age was launched on 31 October 2024, with a target of 400 beneficiary applications and a total budget of €15 million. ...
https://knews.kathimerini.com.cy/en/news/paphos-polis-motorway-project-faces-€10-million-cost-increase-and-delays
The budget for the design and construction of the Paphos-Polis Chrysochous Motorway has risen by €10 million, with the total cost now estimated at approximately €95 million. ...
https://knews.kathimerini.com.cy/en/news/a-little-extra-for-everyone-as-pensions-get-a-new-year-s-boost
The Council of Ministers has approved an increase in pensions from the Social Insurance Fund (TKA) starting in January 2025....
https://knews.kathimerini.com.cy/en/news/1-general-strike-continues-in-occupied-areas-over-cost-of-living-reforms
The general strike called by 32 unions across both public and private sectors in the occupied territories continues for a second day today, as workers protest proposed amendments to key regulations affecting their livelihoods. ...
https://knews.kathimerini.com.cy/en/news/cyprus-deputy-minister-for-european-affairs-outlines-vision-for-2026-eu-presidency
In an exclusive interview by Kathimerini's George Kakouris, Deputy Minister of State for European Affairs Marilena Raouna described the upcoming Cyprus Presidency of the Council of the EU in 2026 as both a significant challenge and an unparalleled opportunity....
https://knews.kathimerini.com.cy/en/news/banks-announce-1-interest-rate-reduction
Following the parliamentary approval of the state budget and Tuesday’s meeting at the Presidential Palace with the CEOs of Bank of Cyprus and Hellenic Bank, Finance Minister Makis Keravnos appeared on RIK’s program Challenges on Wednesday evening....
https://knews.kathimerini.com.cy/en/news/potato-prices-skyrocket-sparking-long-lines-in-occupied-areas
Potatoes have become the talk of the town in Cyprus, but not for the usual reasons. ...
https://knews.kathimerini.com.cy/en/news/south-korean-president-declares-martial-law-amid-political-turmoil
South Korean President Yoon Suk Yeol declared an ''emergency martial law'' on Tuesday, accusing the opposition of undermining the government with what he described as pro-North Korean sympathies and anti-state activities....
https://knews.kathimerini.com.cy/en/news/eu-eyes-embassy-staff-cuts-to-refocus-on-strategic-regions
The European Union is considering reducing staff at many of its embassies to refocus resources on strategically important regions, a move sparking concerns about its global influence, particularly in Africa and Latin America. ...
https://knews.kathimerini.com.cy/en/comment/opinion/limassol-s-growth-deserves-equal-support
Who is driving development projects in Limassol, and how far have they progressed? Who decides how state development funds are allocated, and based on what criteria?...
https://knews.kathimerini.com.cy/en/business/amazon-launches-haul-a-low-cost-rival-to-temu-and-shein
Amazon is launching a new e-commerce platform called Haul, designed to offer shoppers incredibly low prices on a wide range of products, aiming to take on growing competition from Chinese brands like Temu and Shein....
https://knews.kathimerini.com.cy/en/news/cyprus-intensifies-probe-into-ex-president-anastasiadis-in-golden-passports-scandal
The Independent Anti-Corruption Authority is intensifying its probe into former Cypriot President Nicos Anastasiadis about alleged corruption in the “golden passports” scheme, as detailed in journalist Makarios Drousiotis’s book 'Mafia State', Politis newspaper reported....
https://knews.kathimerini.com.cy/en/news/staff-shortages-stall-local-government-reform-in-cyprus
According to Kathimerini's Pavlos Neophytou, the implementation of Local Government Reform in Cyprus faces critical staffing and operational challenges, especially in development licensing within Provincial Local Authorities (PLAs). ...
https://knews.kathimerini.com.cy/en/news/akamas-road-project-delayed-again-as-investigation-continues
Decisions on key issues surrounding Akamas—particularly potential disciplinary proceedings for the first phase of the road network and the resumption of related work—are running behind schedule....
https://knews.kathimerini.com.cy/en/news/cyprus-faces-2024-deadline-to-align-with-eu-regulations-on-foreign-investments
Cyprus faces a deadline by the end of 2024 to align with the European regulation governing large foreign investments....
https://knews.kathimerini.com.cy/en/news/1-imf-raises-cyprus-growth-forecast-for-2024
The International Monetary Fund (IMF) has raised its forecast for Cyprus's economic growth in 2024 from 2.7% to 3.3%. This updated prediction comes from the IMF's October World Economic Outlook report released on Tuesday....
https://knews.kathimerini.com.cy/en/news/finance-minister-stands-firm-on-economic-stability-amid-rising-pressures
In a recent interview with Andreas Kimitris, Cyprus Finance Minister Makis Keravnos spoke candidly about his firm stance on the country’s economic stability. ...
https://knews.kathimerini.com.cy/en/news/crystal-balls-barbed-wire-and-other-cypriot-delights
Christodoulides insists that we’ll soon have “some developments on the Cyprus issue.” Watch out—when we least expect it, there might just be some progress, and the President will be hailed as a visionary, maybe even earning the title of a posthumous prophet. ...
https://knews.kathimerini.com.cy/en/news/cyprus-projects-€1-13-billion-fiscal-surplus-for-2025
Cyprus is on track to achieve a fiscal surplus of €1.13 billion in 2025, amounting to 3.3% of GDP, according to the state budget presented to the House of Representatives on Thursday. ...
https://knews.kathimerini.com.cy/en/news/cabinet-greenlights-solar-water-heating-grants-up-to-€900
The Cabinet approved a grant scheme on Wednesday aimed at installing solar water heating systems in homes, according to Energy, Commerce, and Industry Minister Giorgos Papanastasiou....
https://knews.kathimerini.com.cy/en/comment/opinion/does-anyone-in-this-country-ever-take-responsibility
Shortly after the Supreme Court decided to dismiss Odysseas Michaelides, while society and the political system were already beginning to polarize, the president of the coalition's Democratic Party posted pictures of his family vacation in London....
https://knews.kathimerini.com.cy/en/news/public-sector-salaries-to-increase-by-1-5-costing-€52-7-million
A proposed 1.5% pay raise for public sector employees in Cyprus will cost the state about €52.7 million over the next two years. This increase is set to start on October 1, 2024....
https://knews.kathimerini.com.cy/en/news/amendment-introduced-to-share-geopolitical-risks-equally-on-gsi
Late last night, Greece's Ministry of Environment and Energy introduced an important amendment that aims to share the geopolitical risks equally between Greece and Cyprus for the Great Sea Interconnector, ...
https://knews.kathimerini.com.cy/en/news/eu-too-dependent-on-us-for-defense-gear-report-finds
The European Union is buying too much of its defense equipment from the United States and not investing enough in its own military projects, a new report by former Italian Prime Minister Mario Draghi warned Monday. ...
https://knews.kathimerini.com.cy/en/news/ukraine-intensifies-fight-against-illicit-tobacco-trade
The illicit tobacco trade in Ukraine, one of Europe's most prominent black markets for cigarettes, is sending shockwaves through the economies of neighboring countries,...
https://knews.kathimerini.com.cy/en/business/cyprus-finalizes-2025-budget-with-focus-on-export-growth
The Council of Ministers is set to finalize discussions on the 2025 state budget by mid-September, as confirmed by Finance Minister Makis Keravnos. ...
https://knews.kathimerini.com.cy/en/news/nicosia-faces-financial-strain-amid-local-government-reforms
In an article in this Sunday's Kathimerini, Apostolos Tomaras writes that Just two months into the tenure of Cyprus’ new local government, the Nicosia Municipality is grappling with significant financial challenges, raising concerns about its ability to comply with legal requirements....
https://knews.kathimerini.com.cy/en/news/cyprus-sees-fuel-price-drop-by-2-3-cents
Cypriot households burdened by rising living costs are getting a reprieve as fuel prices drop, with further reductions expected by the end of August....
https://knews.kathimerini.com.cy/en/news/rif-launches-€6m-fund-to-foster-innovation-and-economic-growth
The Research and Innovation Foundation (RIF) announced on Tuesday a new call for the "Co-Develop" funding programme, with a total budget of €6 million, aimed at better leveraging resources and apply innovative solutions to real problems....
