ECONOMY AI rollout and smart water meters announced as officials push efficiency and revenue recovery. Photo credit: Unsplash No permits without payment: Famagusta freezes developers with unpaid debts Newsroom The Famagusta District Local Government Organisation will no longer examine planning or building permit applications from individuals or companies that owe money for water or sewerage services, its president Yiannis Karousos said Wednesday. READ MORE
Government moves to protect low-income pensioners from benefit losses State to absorb pension increase costs until mid-2026, benefiting 24,000 households. Newsroom 28/12/2025 | BUSINESS
Cyprus defies Europe’s housing crisis with spacious homes and low costs But record under-occupation and rising inequality in access reveal the hidden challenges behind Cyprus’ housing success. Martha Kehagias 26/12/2025 | BUSINESS
Banks agree: Employees to get €4,500 in bonuses, salary hikes and expanded loans Employees to get new vacation days, telework rights, and full health fund coverage as banks secure years of industrial peace. ... Panayiotis Rougalas 25/12/2025 | BUSINESS
€1,088 minimum wage, and everyone’s furious Government seals the deal before Christmas as unions cry foul and employers warn of fallout. Dorita Yiannakou 24/12/2025 | BUSINESS
Cyprus approves minimum wage increase of 8.8%, effective January 2026 Monthly minimum pay rises to €1,088 after six months of employment, with higher entry-level wages also confirmed. Newsroom 23/12/2025 | BUSINESS
New Bean Bar store opens at the Mall of Cyprus The brand marks another milestone with the opening of its 21st store and its first ever mall location. Press Release 22/12/2025 | BUSINESS
The electricity market is open...so why are Cypriots still paying so much? Wholesale prices are transparent, but households feel no benefit as key energy projects remain stuck in limbo, according ... Newsroom 22/12/2025 | BUSINESS
Former ministers in the crosshairs: Anti-corruption probe points to criminal liability in Trimiklini scandal Investigation finds former ministers and senior officials may be responsible for years-long operation without permits. Newsroom 20/12/2025 | BUSINESS
AI is coming, but your job might be safer than you think Survey finds roles exposed to automation are actually growing...for now Newsroom 20/12/2025 | BUSINESS
Alpha Bank S.A. announces agreement on the key commercial and legal terms of strategic insurance transactions in Cyprus Press Release 19/12/2025 | BUSINESS
