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1. One in three Cypriots struggles on low income

Nearly one in three people in Cyprus is living on a low income, and about one in seven is at risk of poverty, according to new figures released Monday by the Statistical Service....

2. Banks agree: Employees to get €4,500 in bonuses, salary hikes and expanded loans

Cyprus’ bank staff are looking at a festive season with some serious perks on the horizon. After weeks of negotiations, banks and the union ETYK have reached a final agreement on a new collective contract covering 2023–2027....

3. Russia sues Europe for $230B over frozen billions for Ukraine

Russia has launched a major legal challenge against Europe, filing a $230 billion lawsuit against financial services firm Euroclear over Russian state assets frozen since the start of the war in Ukraine....

4. Cypriot banks see lower profits but growing assets in 2025

Cyprus’s banking sector recorded a notable decline in profitability during the first nine months of 2025, even as its balance sheet continued to expand, according to the latest data released by the Central Bank of Cyprus....

5. Cyprus bank workers win pay boost and extra leave in landmark deal

Negotiations over the renewal of the 2023–2027 Collective Agreement between the Cyprus Banks Association (KESK) and the Cyprus Bank Employees’ Union (ETYK) have ended on a positive note, clearing the way for pay increases and improved benefits for bank employees....

6. Cyprus to close 2025 with debt below 60% of GDP

Cyprus is expected to close 2025 with a public debt-to-GDP ratio of 55.3%, well below its target of 60%, the Finance Ministry said....

7. Nicosia goes shopping for new firepower

Cyprus is gearing up for one of the biggest overhauls of its National Guard in years, sending Brussels a sweeping shopping list of military hardware, from helicopters and drones to patrol vessels, missiles, and upgraded bases, all under the EU’s new SAFE program....

8. Fitch lifts Bank of Cyprus rating, citing stronger economy and cleaner balance sheet

Bank of Cyprus got a financial thumbs-up from Fitch Ratings on Wednesday, with the agency upgrading the bank’s long-term rating to ‘BBB’ from ‘BBB-’ and giving its Viability Rating the same bump....

9. Turkish Cypriot property contracts issued to deceased owners

Cyprus lawmakers heard Tuesday that contracts for Turkish Cypriot properties have been issued to people long deceased, some of whom would be 150 years old today....

10. Revenue slumps, budget spending trails in Cyprus

By the end of October 2025, Cyprus had collected 65% of its planned state revenues, while government spending reached just 59% of the budget, according to the General Accounting Office....

11. Deloitte Cyprus welcomes new Transfer Pricing partner

Deloitte Cyprus announces the strengthening of its leadership team with the appointment of Vaios Makrygiannis as Partner, Transfer Pricing Leader, effective 1 December 2025....

12. Elderly refugee residents lifted by forklifts to enter and exit their flats

Elderly residents in Cyprus’ refugee apartment blocks, many with serious health issues, are being hoisted up and down their buildings by Fire Department forklifts because the complexes have no elevators. ...

13. Greece and Ukraine strike deal to build crewless combat boats

Greece and Ukraine are moving ahead with a joint plan to build unmanned surface vessels, essentially crewless naval craft, at Greek shipyards, in what officials are calling one of the most concrete takeaways from Sunday’s meeting between Greek Prime Minister Kyriakos Mitsotakis and Ukrainian President Volodymyr Zelenskyy....

14. Cyprus banks rake in over €750 million, even as rate cuts cool

Cyprus’ biggest banks are still posting hefty profits this year, even as the era of sky-high earnings seen in 2023 and 2024 begins to lose steam....

15. When ''ATA for All'' becomes ATA for no one

And here we are. The government’s big promises and bold declarations over the Cost-of-Living Allowance (ATA) have officially run out of road. Remember when officials were preaching “ATA for all,” even pushing protesters to turn the slogan into rally signs? ...

16. Wolt loans nearly €2 million to Cypriot small and medium enterprises

Wolt, the platform connecting consumers, local businesses, and delivery partners, has lent nearly €2 million to small and medium-sized enterprises (SMEs) in Cyprus. ...

17. Bank of Cyprus posts €353 million profit in 2025 despite lower interest income

Bank of Cyprus reported profits of €353 million for the first nine months of 2025, slightly below the €401 million earned in the same period last year but still showing solid results in a cooling economy....

18. Cyprus considers raising family income limit in major tax reform

Finance Minister Makis Keravnos said Friday he is open to raising the family income ceiling for tax deductions to €90,000 from the proposed €80,000, noting that ''the cost is not prohibitive.''...

19. Cyprus reports €29.3 billion negative net financial position, household income climbs in 2024

Cyprus closed 2024 with a negative net financial position of €29.27 billion, according to new data detailing macroeconomic indicators by institutional sector....

20. Bank of Cyprus Scoops 11 Awards in Global Finance’s 2025 Digital Bank Rankings

Bank of Cyprus wins 11 awards, including 2 regional awards, in Global Finance’s 2025 World’s Best Digital Bank Awards ...

21. Von der Leyen survives censure votes while Hungary faces espionage claims

European Commission President Ursula von der Leyen has emerged politically strengthened after surviving two motions of censure in the European Parliament, but faces ongoing scrutiny over EU policies and allegations of espionage involving Hungary....

22. EIF and Eurobank join forces to channel €62.5 million in new financing to Cypriot SMEs and start-ups

The European Investment Bank Group (EIB Group) today announced the first InvestEU Guarantee transaction in Cyprus, marking a major milestone in bringing EU-backed financing closer to Cypriot businesses....

23. Cyprus seeks U.S. military equipment, joins EU defense program

The Cyprus National Guard is preparing to expand its arsenal with U.S. military aircraft, helicopters and armored vehicles, part of a broader effort to modernize its forces and deepen defense ties with Washington and the European Union....

24. Cyprus eyes U.S. military gear to bolster defense

Cyprus has formally asked the United States for surplus military equipment, President Nikos Christodoulides revealed in a late-night TV interview on Monday, calling it a natural step in the island nation’s closer security ties with Washington....

25. Cyprus to plan market return despite global uncertainty

Cyprus will begin planning its return to international financial markets in September, aiming for a fourth-quarter re-entry, officials confirmed....

26. Cyprus news roundup: Fires, finance and fiery wage demands

From forest fire probes to banking battles, here’s a look at the week’s biggest developments in Cyprus....

27. Cyprus savers earn less, borrowers pay more as banks widen gap with Eurozone

If you’re saving your money in a Cypriot bank, you’re probably earning less interest than the average European. But if you’re borrowing for a home or your small business, you’re likely paying more....

28. BOC reports €235M in profits, but what does that actually mean for the rest of us?

29. Eurobank to hike dividends by over 50%

Eurobank has announced plans to increase its dividend payout by more than 50% next year, alongside a juicy interim dividend of €170 million, equivalent to 4.7 cents per share. The news comes despite a small dip in profits, showing the bank’s confidence in its growth path and expanding footprint....

30. 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....