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/news/cyprus-looks-to-turn-closer-us-ties-into-business-at-home
The American Chamber of Commerce in Cyprus brought diplomats and business leaders together Friday to discuss how to make it easier for U.S. companies to invest on the island and for Cypriot firms to find partners abroad....
https://knews.kathimerini.com.cy/en/news/cyprus-pupils-urged-to-use-school-break-to-back-french-students-protests
A banner in the schoolyard or a symbol made out of schoolbags. That’s how Cyprus’ national student committee is asking pupils to show support for their French counterparts on Thursday, as students and workers in France prepare for a nationwide day of protests....
https://knews.kathimerini.com.cy/en/news/eu-presses-turkey-to-recommit-to-cyprus-settlement-talks
The European Commission on Wednesday called on Turkey to renew its support for United Nations-led talks aimed at resolving the Cyprus dispute, while criticizing Ankara’s ongoing refusal to recognize the Republic of Cyprus and its push for a two-state arrangement....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-must-hold-extra-capital-to-continue-lending-in-a-crisis
Markets are volatile, the war in the Middle East shows no sign of ending, and inflation continues to rise. The energy crisis is deepening concerns, while the prices of goods and fuel remain high. ...
https://knews.kathimerini.com.cy/en/news/democrats-win-congress-in-blow-to-trump-as-cyprus-watches-iran-war
Democrats won control of both the U.S. House and Senate in Tuesday’s midterm elections, dealing President Donald Trump a sharp setback and setting up a fight over how he handles the war with Iran....
https://knews.kathimerini.com.cy/en/life/marathasa-wines-brings-mountain-winemaking-heritage-back-to-life
Discover the winemaking heritage of Cyprus at Marathasa Wines, where traditional vineyard practices meet contemporary wine tasting in a beautiful mountain setting. Part of the WIZ Guide, the family-run winery offers local wines, sharing platters and a relaxing countryside experience....
https://knews.kathimerini.com.cy/en/news/g20-scraps-group-photo-after-europeans-refuse-to-pose-with-russia-s-lavrov
The United States cancelled a group photograph at a gathering of G20 foreign ministers after several European diplomats threatened to walk out rather than pose alongside Russian Foreign Minister Sergey Lavrov, U.S. officials told The Associated Press....
https://knews.kathimerini.com.cy/en/business/binance-halts-withdrawals-after-$6-3-billion-crypto-attack
Customers of cryptocurrency exchange Binance face a wait to withdraw their money after a cyberattack affected an estimated $6.3 billion in digital assets, potentially making it the largest cryptocurrency theft on record....
https://knews.kathimerini.com.cy/en/business/cyprus-china-trade-surges-26-to-$1-44-billion-in-2025
Cyprus-China bilateral trade reached $1.44 billion in 2025, rising by 26% as both countries seek to expand cooperation in investment, technology, tourism and renewable energy. The Cyprus-China Cooperation and Entrepreneurship Forum in Nicosia brought together business leaders and local officials to explore new commercial partnerships....
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/life/thirty-different-colors-inside-one-of-nicosia-s-last-traditional-fabric-shops
Phivos Mastridis, one of Nicosia’s last traditional fabric merchants, has run his shop in the old city since 1982, offering a wide selection of fabrics, colors and cashmere. As more people turn to ready-made clothing, he hopes to preserve the personal service, quality and variety that make his craft unique....
https://knews.kathimerini.com.cy/en/business/gdp-growth-accelerates-in-q2-on-strong-consumption-and-investment
Despite the deterioration in the global economic environment following the outbreak of the US-Iran war, the Cypriot economy remained resilient in Q2 2026, with GDP growth accelerating to 3.3%YoY, from 3.0%YoY in the previous quarter. ...
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/business/indian-rupees-transactions-through-bank-of-cyprus
Transactions for businesses and individuals
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https://knews.kathimerini.com.cy/en/news/hala-sultan-tekke-excavations-push-cyprus-city-s-history-back-to-the-17th-century-bc
Archaeological excavations at Dromolaxia-Vyzakia, near Hala Sultan Tekke in the Larnaca district, have uncovered architectural remains and pottery dating to the 15th to 17th centuries BC, providing the earliest directly documented evidence of urban occupation yet identified by the Swedish-led mission at the site....
https://knews.kathimerini.com.cy/en/news/erhurman-rejects-varosha-opening-and-famagusta-port-proposal
Turkish Cypriot leader Tufan Erhurman has rejected a proposal to place fenced-off Varosha under United Nations administration in exchange for opening Famagusta port to direct trade under European Union supervision, saying the package does not offer a balanced deal....
https://knews.kathimerini.com.cy/en/news/1-macron-refuses-minister-s-exit-as-france-counts-the-cost-of-riots
France’s interior minister offered to resign. President Emmanuel Macron told him to stay. After a weekend of burning buildings, looted shops and thousands of arrests, the government begins Monday under pressure to explain how protests turned into widespread violence, and what it will do next....
https://knews.kathimerini.com.cy/en/news/european-prosecutors-freeze-greek-assets-in-€115m-cyprus-linked-vat-case
European prosecutors have frozen property and vehicles in Greece belonging to five people linked to an alleged multi-million-euro VAT fraud built around iPhone trading. The European Public Prosecutor’s Office estimates the unpaid tax at €115.5 million, with the bulk arising in Sweden....
https://knews.kathimerini.com.cy/en/news/ship-sinks-off-bulgaria-as-black-sea-drone-attacks-bring-war-closer-to-eu-shores
Two ships were struck off Bulgaria’s Black Sea coast early Tuesday, with one sinking, in another attack on civilian shipping close to the shores of an EU and NATO member....
https://knews.kathimerini.com.cy/en/business/cyprus-s-import-bill-races-ahead-as-trade-gap-widens-by-€820-million
From the fuel in our cars to the goods arriving on shop shelves, Cyprus buys far more from abroad than it sells overseas. That gap has grown by almost €820 million in a year....
https://knews.kathimerini.com.cy/en/news/erdogan-puts-the-eu-through-the-wringer-over-christodoulides
Ankara put the EU through the wringer by attempting to exclude the Republic of Cyprus from the United Nations climate change conference, COP31, taking place in Antalya from Nov. 9 to 20, according to information obtained by Kathimerini....
https://knews.kathimerini.com.cy/en/news/workers-forced-to-sleep-on-building-sites-in-cyprus-complaints-allege
The Labor Department is investigating cases that are shaking the foundations of the construction industry....
https://knews.kathimerini.com.cy/en/business/visa-free-u-s-travel-and-direct-flights-top-amcham-s-cyprus-wish-list
A policy study by the American Chamber of Commerce in Cyprus (AmCham), which is part of the Cyprus Chamber of Commerce and Industry (CCCI), focuses on specific initiatives to further strengthen and deepen relations between the Republic of Cyprus and the United States....
https://knews.kathimerini.com.cy/en/news/rubio-visits-athens-for-new-deals-with-no-stop-in-ankara
Athens sees the visit by Marco Rubio, secretary of state and national security adviser to President Donald Trump, as evidence of broader U.S. confidence in the role Greece has played in the region in recent years....
https://knews.kathimerini.com.cy/en/diplomatica/‘i-truly-felt-at-home-israeli-ambassador-bids-farewell-to-cyprus-after-five-years
Israeli Ambassador to Cyprus Oren Anolik is preparing to leave the country after five years in office, describing his time on the island as one of the most meaningful chapters of his life and saying Cyprus will retain a special place in his heart....
https://knews.kathimerini.com.cy/en/news/‘the-sky-s-the-limit-christodoulides-touts-u-s-ties-as-trump-shares-interview
President Nikos Christodoulides says Cyprus has never been closer to the United States—and an interview setting out that message has received a boost from Donald Trump himself....
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/business/coral-shell-licensee-inaugurates-its-100th-service-station-outside-greece
The year 2026 marks a particularly symbolic milestone for Coral - Shell Licensee, as it coincides with the 100th anniversary of Shell’s presence in Greece and the opening of the 100th service station bearing the Shell brand outside Greece.
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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....
