https://knews.kathimerini.com.cy/en/business/11-hotel-groups-go-private-on-water-with-€3m-state-backed-desalination-plan
Cyprus’ hotel industry is making a splash, literally. In response to mounting water concerns, 11 major hotel groups across Limassol, Larnaca, and Paphos have filed official applications to install small private desalination units on their premises....
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/news/cyprus-wasted-a-sunny-day-s-worth-of-solar-power-and-burned-fuel-instead
In a bizarre twist for sunny Cyprus, fossil fuel power plants pumped out more electricity than renewables on Monday, even under ideal conditions for solar energy....
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/news/israel-secretly-moved-planes-to-cyprus-and-greece-before-iran-bombing
In the hours leading up to a major Israeli military strike, dozens of Israeli aircraft were quietly moved out of harm’s way, and into Cyprus and Greece, without those host countries being fully aware of the plan’s purpose, according to Israeli media reports....
https://knews.kathimerini.com.cy/en/business/environmental-department-we-don-t-approve-projects-based-on-who-applies
A beachfront development in Larnaca has triggered a public row between environmental activists and government authorities, with the Department of Environment rejecting claims that the project’s approval was politically motivated....
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/business/s-p-global-ratings-upgrades-freedom24-outlook-to-positive-citing-stronger-risk-management
S&P Global Ratings has revised its outlook on Freedom Finance Europe Ltd., operating under the Freedom24 brand, from stable to positive, while affirming its 'B+/B' long- and short-term issuer credit ratings....
https://knews.kathimerini.com.cy/en/news/israel-tolerates-no-criticism-and-wants-to-control-everything-akel-leader-says
AKEL Secretary-General Stefanos Stefanou rejected accusations of antisemitism following criticism from Israeli Ambassador to Cyprus Oren Anolik, stating the party opposes all forms of hatred and misanthropy....
https://knews.kathimerini.com.cy/en/business/cyprus-backs-young-entrepreneurs-with-€50m-boost
Cyprus is betting on young entrepreneurs to drive the country’s economic growth, with over €10 million already distributed in grants under a national plan expected to create more than 2,000 jobs by 2027....
https://knews.kathimerini.com.cy/en/business/1-freedom-holding-corp-reports-23-revenue-growth-for-fy2025-driven-by-strong-performance-across-brokerage-and-insurance-segments
Freedom Holding Corp. (FRHC), a diversified financial services firm and the founder of Freedom24, has announced its financial results for the fiscal year ended 31 March 2025. ...
https://knews.kathimerini.com.cy/en/business/cyprus-returns-to-three-systemic-banks-after-alpha-bank-cyprus-astrobank-deal
Cyprus is set to have three systemic banks again after Alpha Bank Cyprus signed a final agreement to acquire most of AstroBank’s assets and liabilities. The deal was officially signed Tuesday, June 24, 2025....
https://knews.kathimerini.com.cy/en/news/nicosia-unveils-€100-million-plan-to-fix-traffic-chaos-and-modernize-the-capital
Nicosia is aiming for a major transformation, with over €100 million in urban and traffic upgrades on the table, as the capital struggles with decades-old road designs, mounting traffic, and growing frustration among residents....
https://knews.kathimerini.com.cy/en/news/wizz-air-wins-the-world-finance-most-sustainable-low-cost-airline-award-for-the-fifth-consecutive-year
Wizz Air has once again been named the ''Most Sustainable Low-Cost Airline'' by the World Finance Sustainability Awards in 2025. ...
https://knews.kathimerini.com.cy/en/news/cyprus-offers-support-as-wildfire-rages-in-chios
Cyprus has expressed readiness to assist Greece in battling a large wildfire on the island of Chios, authorities said Monday....
https://knews.kathimerini.com.cy/en/news/tehran-denies-cyprus-mediation-claim-as-eu-monitors-iran-israel-tensions
Iran has publicly rejected claims by Cypriot President Nikos Christodoulides that Tehran asked Nicosia to relay messages to Israel, a denial included in a recent European External Action Service (EEAS) newsletter circulated to all 27 EU member states....
https://knews.kathimerini.com.cy/en/business/chamber-of-commerce-pushes-for-overhaul-of-tax-bill-to-attract-global-cypriot-talent
The Cyprus Chamber of Commerce and Industry (KEBE) is calling for key revisions and broader strategic planning in the government’s “Minds in Cyprus” tax bill, aimed at attracting talent from the Cypriot diaspora....
https://knews.kathimerini.com.cy/en/news/nissan-s-next-gen-driver-assist-tech-could-ease-daily-commute-in-cyprus
Ever been stuck in traffic on the Nicosia-Limassol highway, crawling along at a snail’s pace, wishing your car could just take over? By 2027, that might not be such a far-fetched dream....
https://knews.kathimerini.com.cy/en/news/freedom-holding-corp-reports-23-revenue-growth-for-fy2025-driven-by-strong-performance-across-brokerage-and-insurance-segments
Freedom Holding Corp. (FRHC), a diversified financial services firm and the founder of Freedom24, has announced its financial results for the fiscal year ended 31 March 2025. ...
https://knews.kathimerini.com.cy/en/news/the-catalytic-role-of-legal-and-regulatory-functions-in-the-modern-era-of-sustainable-development
In the traditional business environment, legal and compliance professionals were seen as “gatekeepers.” Today, they are evolving into custodians of alignment and harmonization with legal and regulatory frameworks. ...
https://knews.kathimerini.com.cy/en/news/is-phedon-phedonos-gearing-up-for-2028
When Phedon Phedonos launched a fresh offensive from Paphos last month, accusing certain Cyprus-based forex companies of laundering dirty money and warning that the Cypriot economy was veering dangerously close to a “casino model,” it sent ripples through Nicosia....
https://knews.kathimerini.com.cy/en/business/pwc-cyprus-organizes-consecutive-leadership-events-designed-to-equip-family-and-small-businesses-with-strategic-insights-and-practical-tools-to-foster-growth
PwC Cyprus, under the auspices of the Cyprus-UK Business Association and the Institute of Chartered Accountants in England and Wales (ICAEW), and with the support of the British High Commission,...
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/business/maspex-romania-eyes-majority-control-of-cyprus-based-purcari-wineries
Maspex Romania has announced plans to take over Purcari Wineries, the Cyprus-registered winemaker known for its Moldovan heritage and international reach. ...
https://knews.kathimerini.com.cy/en/business/the-cruise-industry-a-catalyst-for-economic-growth
The global cruise industry has emerged as a significant catalyst for tourism development, contributing substantially to local and national economies....
https://knews.kathimerini.com.cy/en/news/tornaritis-launches-get-up-movement-politics-but-run-like-a-business
Christoforos Tornaritis has unveiled the first glimpse of his new political movement, ''Get Up,'' which promises to ditch traditional politics in favor of what he calls a more professional, business-style approach to running the country....
https://knews.kathimerini.com.cy/en/business/lidl-cyprus-takes-responsibility-for-the-environment
Recognizing that protecting the environment is a responsibility we all share, Lidl Cyprus takes an active role by implementing actions that enhance environmental awareness and contribute meaningfully to addressing the climate crisis....
https://knews.kathimerini.com.cy/en/business/cyprus-exits-eu-s-macroeconomic-imbalance-list-as-brussels-urges-reforms-in-innovation-energy-and-education
Cyprus is no longer considered a country with macroeconomic imbalances, the European Commission announced Wednesday in its 2025 Spring Package, marking a significant milestone in the nation’s post-crisis economic recovery....
https://knews.kathimerini.com.cy/en/news/cyprus-s-booming-defense-industry-nets-€40m-as-officials-call-for-faster-growth
Cyprus’s defense industry has grown tenfold in recent years, with approximately 30 companies now generating an estimated €40 million in revenue annually, officials revealed Tuesday during a session of the Parliamentary Committee on Energy, Commerce and Industry....
https://knews.kathimerini.com.cy/en/business/deloitte-cyprus-welcomes-two-new-partners
Deloitte Cyprus is pleased to announce the growth of its leadership team with the appointment of two new partners, effective 1 June 2025....
