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1. European banks poised for €30 billion boost in interest income

European banks are poised for a financial rebound, with net interest income expected to climb by roughly €30 billion over the next two years, analysts say, as loan growth and strategic hedging offset the drag from lower interest rates....

2. Bulgaria ditches Lev for Euro amid fears of price hikes and political chaos

Bulgaria is set to ditch its national currency, the lev, for the euro on Jan. 1, 2026, a move that has stirred both excitement and anxiety across the country....

3. €1,088 minimum wage, and everyone’s furious

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....

4. Cyprus approves minimum wage increase of 8.8%, effective January 2026

The government has approved an increase to the national minimum wage, following a Cabinet decision taken after a review of economic and social conditions. The revised rates will take effect on 1 January 2026....

5. Greek Economy Minister becomes Eurogroup president

Greece’s Economy Minister Kyriakos Pierrakakis was unanimously elected president of the Eurogroup Thursday, a high-profile achievement that signals Greece’s return as a leader in European economic policy....

6. Debt surge ahead: Can the Eurozone outgrow its risks?

The Eurozone is entering a phase of rising investments, public debt, and real interest rates. In this challenging environment, economic growth is essential to maintain balance. ...

7. 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....

8. Cyprus tops EU in food, drink and tobacco sales in September

Cyprus saw a big jump in food, drink, and tobacco sales in September 2025, with people buying 10.4% more than the same month last year, Eurostat says. That’s the highest increase in the European Union, far above the EU average of just 0.5% and the eurozone’s 1% rise....

9. Europe’s economy takes a breather, but Cyprus isn’t immune to the cough

Europe’s economy is trying to catch its breath. Exports are slumping, inflation is lingering, and policymakers are now counting on people’s paychecks and steady jobs to keep things from stalling completely....

10. Cyprus posts 4.9% unemployment in September 2025, among EU’s lowest

Recent figures from Eurostat show that Cyprus continues to perform strongly in the labor market, recording an unemployment rate of 4.9% in September 2025. ...

11. France does not reform

France is a country that does not reform, at least not without blood and plenty of protest. Its history proves this. In fact, it is from France that we ourselves imported large doses of the culture of questioning and dissent....

12. Cyprus emerges as European hub for drone technology

Cyprus is emerging as a strategic hub for high-tech companies developing unmanned and defense systems, thanks to its neutral geopolitical profile and unique regulatory advantages, industry experts say....

13. Cyprus banks join Eurozone’s instant transfers

Starting Thursday, October 9, all Eurozone banks, including those in Cyprus, will be required not only to process instant payments but also to verify the recipient’s name and IBAN when executing transfers....

14. Cyprus records zero inflation as Eurozone prices continue rising

Cyprus recorded no inflation in September, standing out from the rest of the eurozone where consumer prices continued to rise, according to preliminary data released Tuesday by the European Union’s statistics agency....

15. France’s prime minister ousted as political turmoil deepens

French Prime Minister François Bayrou resigned Tuesday after losing a crushing confidence vote in parliament, the third head of government toppled in 14 months....

16. Cyprus posts lowest inflation rate in EU as eurozone holds steady

Cyprus recorded the lowest annual inflation rate in the European Union in July, just 0.1%, as price growth across the euro area held steady at 2.0%, according to data released Friday by Eurostat....

17. Cyprus begins €44M payouts to 2013 bailout victims

More than 4,500 people who lost money in Cyprus’ 2013 banking collapse are finally seeing compensation, with €44.36 million being paid out on Thursday, officials said....

18. 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....

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

20. Deposit rates fall for households and businesses, while mortgage rates climb

Average interest rates on deposits from households and businesses in Cyprus declined in May compared to April, while average mortgage rates edged higher, according to data released Thursday by the Central Bank of Cyprus....

21. Cyprus salaries rise by 13% over two years, Labour Minister says

Average salaries in Cyprus have risen by 13% over the past two years, reaching approximately €2,500, Minister of Labour and Social Insurance Yiannis Panayiotou announced Wednesday, citing recent Eurostat data....

22. ECB poised for fall rate decision as growth, tariffs, and inflation weigh in

The European Central Bank will reassess its interest rate policy this fall, weighing whether additional cuts are necessary after a recent series of reductions brought its main rate to 2%, with inflation easing to 1.9%....

23. IMF and EU to Cyprus: Cool it on the pay rises, you're not made of money

Cyprus may be riding high on economic growth, but the message from international watchdogs this week is blunt: slow down the spending, especially on public salaries, or risk unraveling the progress....

24. Good news for borrowers as ECB to cut interest rates

The European Central Bank (ECB) is widely expected to cut its key interest rates by 0.25% this Thursday, a move that could bring welcome relief for borrowers and banks in Cyprus. ...

25. Cypriot banks on the rise as credit upgrades could mean cheaper loans for all

Cypriot banks are starting 2025 on a high note, collecting credit upgrades from major international rating agencies and setting the stage for wider economic benefits that could reach the average citizen....

26. Cyprus posts second-highest budget surplus in the EU for 2024

Cyprus has posted the second-largest government surplus in the European Union for 2024, tying with Ireland and just behind Denmark, according to new data released by Eurostat on Tuesday....

27. Cyprus’ economy set to slow down, says IMF

The International Monetary Fund (IMF) has lowered its expectations for how much Cyprus's economy will grow over the next two years....

28. President unveils ''Brain Gain'' campaign and Silicon Valley ties at economic conference

Cyprus is aiming high with a bold economic strategy that puts young people, innovation, and foreign investment at the center of the island’s future....

29. Mortgage rates dip in Cyprus, but we're still paying more than the rest of Europe

Mortgage interest rates in Cyprus dipped slightly in February, offering some relief to prospective homeowners, but don't pop the champagne just yet. Despite the modest cuts, borrowing in Cyprus remains noticeably more expensive than in the rest of the Eurozone....

30. Cyprus means business: Christodoulides wraps up high-stakes U.S. investment tour

Cyprus Means Business: Christodoulides Wraps Up High-Stakes U.S. Investment Tour Subtitle: ...