ECONOMY €1,088 minimum wage, and everyone’s furious Dorita Yiannakou After intense behind-the-scenes talks that stretched right up to the holidays, the government has locked in Cyprus’ new national minimum wage at €1,088 a month, a decision that settles one debate but opens several others. READ MORE
XM investors await green light to take over Ancoria Bank Two local fintech investors eye 80% stake in Ancoria, promising modern banking for small businesses and everyday customers, ... Newsroom 23/07/2025 | BUSINESS
Cyprus unveils €15 million employment schemes targeting women and over-50s Initiatives aim to create 1,760 jobs and boost workforce participation among underrepresented groups. Newsroom 22/07/2025 | BUSINESS
Cyprus at a crossroads: Can the island become a regional business powerhouse? Kathimerini’s Dorita Yiannakou sits down with Invest Cyprus President Evgenios Evgeniou to talk tech, talent, and the road ... Newsroom 22/07/2025 | BUSINESS
Women still earn less in Cyprus Despite higher education levels, women continue to receive lower wages than men. Newsroom 21/07/2025 | BUSINESS
Tax Department announces reopening of Tax For All System on July 21 Extended deadlines and transition details announced for VAT and withholding tax filings. Newsroom 18/07/2025 | BUSINESS
Government cuts out locals in €35M energy deal ahead of electricity market opening Private investors pushed aside as state takes over just before electricity market opens up. Newsroom 18/07/2025 | BUSINESS
AEGEAN invests in two new Airbus A321neo XLR aircraft with even greater range and comfort New direct flights to New Delhi and Mumbai in India to commence as of March 2026. Press Release 18/07/2025 | BUSINESS
Banks show profit decline, asset growth, and capital strengthening in Q1 2025 Data shows profit fall while displaying asset growth and stronger capital ratios. Newsroom 16/07/2025 | BUSINESS
Deadlock persists over Crete-Cyprus power cable as funding deadline nears With funding stalled and construction at risk, EU-backed Crete–Cyprus power project faces renewed uncertainty. Kathimerini Greece Newsroom 16/07/2025 | BUSINESS
ECONOMY
