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/at-least-30-killed-as-high-speed-trains-collide-in-spain
At least 30 people were killed and 80 injured when two high-speed trains collided in central Spain on Wednesday, with authorities warning that the casualty figures could rise....
https://knews.kathimerini.com.cy/en/business/revolut-outage-reveals-banks-vulnerability-to-cloud-service-failures
The disruption to Revolut services caused by a Google Cloud failure on October 20 has drawn attention to the reliance of everyday banking on external technology providers and the challenges financial institutions face when essential digital systems become unavailable....
https://knews.kathimerini.com.cy/en/news/government-spends-more-than-it-earns-as-deficit-grows
The Cypriot government spent nearly €143 million more than it brought in during the second quarter of 2026, as rising costs outpaced an increase in revenue, preliminary figures from the Statistical Service show....
https://knews.kathimerini.com.cy/en/news/revolut-disruption-leaves-users-unable-to-pay-or-access-app
A quick tap to pay for coffee or groceries became a problem for Revolut users Tuesday, as a widespread disruption affected both the banking app and card payments....
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/932-requests-approved-for-ghs-treatment-abroad-in-first-year
When the treatment a patient needs cannot be provided in Cyprus in time, getting help abroad can become a race against the clock....
https://knews.kathimerini.com.cy/en/business/could-we-soon-pay-without-visa-or-mastercard-europe-is-building-another-option
You pay for a coffee, buy something online or send money to a friend abroad. It takes seconds. But behind that everyday transaction lies a bigger question: who controls the systems that keep money moving?...
https://knews.kathimerini.com.cy/en/news/long-waits-for-police-long-trips-for-bodies-cyprus-turns-to-mortuary-reopenings
Police officers accompanying detainees to public hospitals could spend hours waiting for medical examinations, prompting plans for dedicated spaces and faster processing as part of a new package of measures agreed by the Justice and Health ministries....
https://knews.kathimerini.com.cy/en/business/israeli-investment-and-migration-reshape-cyprus-property-market
The Republic of Cyprus is seeing a growing Israeli presence as more Israelis buy homes, establish businesses and invest in large-scale developments, with some choosing to make the island their permanent home....
https://knews.kathimerini.com.cy/en/comment/opinion/it-s-alive
When Jacob Coxon, a researcher at Anthropic and former OpenAI employee, resigned noisily on X, he warned that artificial intelligence companies were playing with the lives not simply of people, but of humanity itself, in a race to build self-improving models....
https://knews.kathimerini.com.cy/en/news/cyprus-patient-misses-transplant-after-no-flight-could-be-found
A 38-year-old patient lost the chance to receive a transplant because Cyprus could not secure a plane to take him to Athens in time....
https://knews.kathimerini.com.cy/en/business/cyprus-records-€770-6-million-fiscal-surplus-in-first-seven-months
Cyprus recorded a General Government fiscal surplus of €770.6 million in the first seven months of 2026, equivalent to 2.0% of GDP, according to preliminary figures released by the Statistical Service on Monday....
https://knews.kathimerini.com.cy/en/news/cash-checks-and-bank-queues-are-quietly-disappearing
Digital transactions have surged in Cyprus, following the global trend and increasingly replacing payments made in cash or by check....
https://knews.kathimerini.com.cy/en/news/cyprus-s-schengen-bid-could-be-affected-by-the-migration-crisis-in-ceuta
Cyprus has received a positive technical assessment, but the EU migration climate created by the Ceuta crisis could complicate the political discussions....
https://knews.kathimerini.com.cy/en/business/goodbye-iban-cyprus-prepares-to-send-money-by-phone-number
Work is expected to gather pace in September on a project that will allow people in Cyprus to transfer money using only a mobile phone number. The system will be based on Greece’s IRIS service but adapted for the Cypriot market....
https://knews.kathimerini.com.cy/en/business/crypto-firms-face-tougher-rules-with-mica-taking-full-effect-in-cyprus
The end of the transition period brings stricter oversight of anti-money laundering compliance, customer protection, and the operations of crypto service providers....
https://knews.kathimerini.com.cy/en/news/no-one-should-live-in-fear-of-arrest-erhurman-says
The fallout from Cyprus' increasingly heated property dispute isn't going away. After sparking criticism with comments he made following Wednesday's UN talks, Turkish Cypriot leader Tufan Erhürman has returned to the debate, insisting he does not believe anyone should have to live in fear of being arrested because of the island's unresolved property issue....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-was-named-winner-of-cyprus-best-digital-bank-at-the-euromoney-awards-for-excellence-2026
Bank of Cyprus was named winner of Cyprus’ Best Digital Bank at the Euromoney Awards for Excellence 2026. The evaluation period ran from 1 January 2025 to 31 December 2025....
https://knews.kathimerini.com.cy/en/news/where-is-cyprus-spending-your-money-€412-million-poured-into-projects-in-six-months
Cyprus recorded an increase in state development spending during the first half of 2026, according to a report by the Treasury on the implementation of the state budget....
https://knews.kathimerini.com.cy/en/business/limassol-port-customs-outage-enters-fifth-day-as-import-delays-continue
Import clearance at the Port of Limassol remains severely disrupted after a software failure knocked out the Customs Department's payment system, preventing goods from being released....
https://knews.kathimerini.com.cy/en/news/the-missing-links-keeping-cyprus-beaches-out-of-reach-for-wheelchair-users
Over the last seven years, Cyprus has taken various steps to make its beaches more accessible to people with disabilities. Yet, getting into the sea is only part of the equation. ...
https://knews.kathimerini.com.cy/en/news/digital-euro-coming-by-2030-as-cyprus-gets-a-new-way-to-pay
The digital euro is slowly moving from theory to reality, and if all goes to plan, it could become part of everyday life across Cyprus and the rest of the eurozone by 2030....
https://knews.kathimerini.com.cy/en/news/seven-suspects-extradited-from-cyprus-in-€700-million-fraud-case
Cypriot authorities have completed legal proceedings related to the extradition of seven individuals wanted in connection with an international fraud case involving an estimated €700 million, according to the Law Office of the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/business/cyprus-airways-and-flydubai-announce-interline-partnership-to-expand-global-connectivity
Cyprus Airways and flydubai, the Dubai-based airline, have announced the launch of a new interline agreement, designed to enhance international connectivity and provide passengers with seamless access to an expanded network of destinations across the Middle East and the GCC, Asia and Africa....
https://knews.kathimerini.com.cy/en/news/paphos-hospital-morgue-refrigerators-out-of-service-for-days
Refrigeration units at the morgue of Paphos General Hospital have reportedly been out of operation for several days, creating major difficulties in preserving bodies and delaying burial arrangements for grieving families....
https://knews.kathimerini.com.cy/en/business/eurobank-opens-mumbai-office-links-india–europe-payments
Eurobank officially opened its representative office in Mumbai on Thursday, marking a major step in its expansion into India, with Cyprus playing a key role in the new bridge between Europe and one of the world’s fastest-growing economies....
https://knews.kathimerini.com.cy/en/news/athens-warns-kyiv-over-ukrainian-naval-drones-operating-near-greek-waters
Athens is sending a message to Kyiv that, following the detection and identification of a Ukrainian naval drone off Lefkada, Ukraine should withdraw any drones that remain undetected and operating far from Greek shores....
https://knews.kathimerini.com.cy/en/business/crypto-users-could-now-be-taxed-without-cashing-out
Crypto investors in Cyprus are entering a very different landscape this year, as new tax rules tighten the government’s grip on digital assets and close loopholes many traders had relied on for years....
https://knews.kathimerini.com.cy/en/news/eac-strike-tests-power-supply-as-unions-warn-of-further-action
A 24-hour nationwide strike by employees of the Electricity Authority of Cyprus (EAC) began at midnight on April 22 and is set to conclude at midnight on April 23, with assurances that electricity supply is expected to remain stable under current conditions....
