https://knews.kathimerini.com.cy/en/news/cyprus-labour-costs-rise-to-€21-7-an-hour-in-2025-eu-data-shows
New figures released by Eurostat show that Cyprus recorded an average hourly labour cost of €21.7 in 2025, with non-wage expenses accounting for just under one-fifth of total labour costs....
https://knews.kathimerini.com.cy/en/news/owe-social-insurance-new-repayment-plan-could-offer-thousands-a-financial-lifeline
Thousands of workers, freelancers and small business owners struggling with unpaid social insurance contributions could soon get a second chance to settle their debts, without immediate legal consequences....
https://knews.kathimerini.com.cy/en/business/investors-face-new-approval-process-under-cyprus-fdi-law
Cyprus is putting new guardrails on foreign investment, introducing a system that will allow the government to review certain international business deals before they are finalized....
https://knews.kathimerini.com.cy/en/news/europe-must-elevate-vocational-education-to-equal-status-michaelidou-says
Vocational education and training (VET) should be given the same level of recognition as other forms of education, Athena Michaelidou stressed during a high-level European meeting in Brussels....
https://knews.kathimerini.com.cy/en/business/middle-east-conflict-threatens-cyprus-tourism-ports-and-banks-says-dbrs
Cyprus’ sunny beaches, luxury resorts, and bustling ports could soon feel the ripple effects of turmoil in the Middle East. A new report from Canadian rating agency Morningstar DBRS warns that the island’s heavy dependence on tourism and shipping makes it particularly vulnerable to disruptions from the Gulf....
https://knews.kathimerini.com.cy/en/comment/opinion/half-of-cyprus-got-breached-because-nobody-owns-access
The Digital Security Authority recently reported that one in two people and businesses in Cyprus experienced a cyberattack last year. The statistic made headlines briefly, then disappeared from conversation....
https://knews.kathimerini.com.cy/en/news/cyprus-named-in-three-separate-non-compliance-actions-by-european-commission
The European Commission on Friday stepped up pressure on Cyprus and a group of EU member states, launching a series of infringement procedures over delays in implementing key legislation spanning financial transparency, banking regulation and criminal justice cooperation...
https://knews.kathimerini.com.cy/en/comment/opinion/circumstance-waits-for-no-one
Cyprus is no stranger to crises or shocks, whether they come from external or internal forces. Its geopolitical position makes it especially vulnerable to instability, but it also places the country at the center of developments that directly shape its economic activity....
https://knews.kathimerini.com.cy/en/news/€200m-support-package-launched-to-help-cypriots-weather-crisis
The Cypriot government rolled out an eight-part support package Monday aimed at helping households, businesses, and farmers weather the economic impact of the ongoing war in the Middle East....
https://knews.kathimerini.com.cy/en/news/government-to-roll-out-economic-support-measures-today
President Nikos Christodoulides is expected to announce a new package of economic support measures Thursday aimed at helping businesses and households feeling the financial ripple effects of the war in the Middle East, as rising energy costs and prices continue to weigh on the island’s economy....
https://knews.kathimerini.com.cy/en/comment/opinion/does-war-create-opportunities-for-the-economy
The ever-increasing duration of military operations in Iran shows no sign of ending anytime soon unless the United States and Israel choose to step back. While that option is at least being considered in Washington, along with the search for a pretext, it appears inconceivable in Israel to retreat from what it has framed as its own ''mother of all battles.''...
https://knews.kathimerini.com.cy/en/business/eu-australia-trade-deal-could-mean-cheaper-imports-and-new-export-opportunities-for-cyprus
After nearly a decade of negotiations, Australia and the European Union have struck a sweeping free trade agreement aimed at boosting growth, lowering consumer prices and strengthening economic alliances at a time of rising global uncertainty....
https://knews.kathimerini.com.cy/en/business/trump-tweet-sparks-$580-million-oil-frenzy
Some traders made a staggering $580 million worth of oil bets just 15 minutes before President Donald Trump posted about “productive” talks with Iran, according to the Financial Times. ...
https://knews.kathimerini.com.cy/en/business/government-prepares-energy-relief-measures-as-crisis-reaches-households
The energy crisis triggered by the war in the Middle East has now reached the doorstep of every Cypriot household. Like other European governments, Cyprus is one step away from rolling out measures aimed at tackling soaring energy costs and the wider cost-of-living squeeze....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-acquires-cdbbank-s-healthy-assets-in-strategic-move
Bank of Cyprus (BOC) has acquired cdbBank, taking over only the financially healthy assets of the smaller lender, according to sources close to the deal....
https://knews.kathimerini.com.cy/en/news/fuel-and-heating-oil-prices-soar-in-cyprus-petrol-could-top-€2-per-liter
Daily attacks targeting the world’s fuel supply lifeline in the Arabian Gulf have triggered an energy shock whose effects are expected to outlast the fighting itself in Iran....
https://knews.kathimerini.com.cy/en/business/war-sends-euribor-climbing-and-hits-loan-holders
The war in the Middle East has clearly increased uncertainty and is putting pressure on inflation, leading to higher costs for loans in Cyprus that are tied to Euribor. More specifically, Euribor has increased by 20 basis points since the start of the war just over 20 days ago. ...
https://knews.kathimerini.com.cy/en/news/fuel-prices-set-to-rise-again-as-war-driven-costs-mount
Another jump in fuel prices appears inevitable for Cyprus, the head of the island’s gas station association warned Thursday, as global tensions continue to push energy costs higher....
https://knews.kathimerini.com.cy/en/news/cyprus-urged-to-prepare-for-economic-fallout-from-iran-tensions
Cyprus may soon start feeling the economic fallout from rising tensions involving Iran, with the country’s Fiscal Council warning that global developments could translate into higher prices and fresh pressure on households and businesses at home....
https://knews.kathimerini.com.cy/en/news/government-considers-reopening-housing-relief-scheme
The government is considering reopening the “Rent in Exchange for Installment” housing scheme for a limited period of a few months, as pressure grows to address ongoing foreclosure issues affecting borrowers....
https://knews.kathimerini.com.cy/en/comment/opinion/the-global-economy-is-facing-severe-turbulence
The Strait of Hormuz is the only maritime passage into the Persian Gulf. The de facto disruption of normal shipping through the Strait of Hormuz caused demand to fall by 80 percent, left oil tankers idle, and forced a halt to oil production because storage capacity is limited. ...
https://knews.kathimerini.com.cy/en/business/war-s-ripple-effect-reaches-cyprus-tourism
A negative climate is developing in Cyprus’s tourism sector during the spring season as the ongoing conflict in the Middle East begins to affect the country. Early signs show a slowdown in bookings and an increase in cancellations....
https://knews.kathimerini.com.cy/en/news/municipality-under-fire-after-attempt-to-permanently-hire-seasonal-workers-including-relatives
The majority of the Polis Chrysochous municipal council is facing mounting pressure from the Interior Ministry, and potentially the courts, following allegations that officials attempted to quietly secure permanent positions for 17 seasonal workers through questionable procedures....
https://knews.kathimerini.com.cy/en/news/lidl-and-uefa-launch-unique-strategic-partnership
Lidl becomes a UEFA Take Care Nutrition and Grassroots Partner and, through this partnership, creates societal value through the connection of sport and conscious nutrition....
https://knews.kathimerini.com.cy/en/news/addressing-gender-inequalities-in-stem-and-entrepreneurship
As the world once again marked International Women’s Day this year, it highlighted the continued need for equal opportunities and meaningful representation of women across all areas of social and economic life....
https://knews.kathimerini.com.cy/en/news/uae-offers-flexibility-to-expats-on-tax-residency-amid-iran-conflict
The United Arab Emirates is signaling a softer approach for expats worried about losing their tax residency, as the Iran conflict continues to disrupt travel and business in the Gulf....
https://knews.kathimerini.com.cy/en/business/cypriot-banks-see-profits-tumble-in-2025
Cypriot banks saw their profits shrink in 2025 compared with the previous year, largely due to a smaller contribution from net interest income....
https://knews.kathimerini.com.cy/en/news/grain-producers-call-for-possible-closure-of-crossing-points-to-contain-foot-and-mouth-disease
The Pancyprian Grain Producers’ Organization has called on the government to examine stronger measures to contain the spread of foot-and-mouth disease, including the possible closure of crossing points between government-controlled areas and the occupied territories....
https://knews.kathimerini.com.cy/en/business/cypriot-startup-mystudentflat-expands-into-greece-eyes-europe
Cypriot property technology startup MyStudentFlat, the first dedicated digital student housing platform in the region, announced on Monday the expansion of its operations in Greece, alongside its continuous growth in Nicosia and Limassol....
https://knews.kathimerini.com.cy/en/news/supreme-court-sides-with-teacher-in-landmark-ruling-against-education-ministry
Cyprus’ Supreme Constitutional Court has ruled in favor of a special education teacher in a long-running legal battle with the Education Ministry, delivering a decision that could reshape how public employees are allowed to work outside their government roles....
