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1. Cyprus’s credit rating boosted as public debt drops and economy strengthens

Cyprus’s long-term sovereign credit rating has been upgraded by Scope Ratings to A from A-, with a stable outlook, reflecting sharp falls in public debt, ongoing budget surpluses, and a stronger banking sector....

2. Electricity bills get a break as Cyprus extends reduced VAT until 2027

Households in Cyprus will continue to pay lower VAT on their electricity bills for another year, after the Council of Ministers approved an extension of the reduced tax rate through March 31, 2027....

3. Labour policy and the test of leadership

The new Minister of Labour, Marinos Mousiouttas, has assumed responsibility for a critical ministry and is now tasked with managing issues that cut across the full breadth of society. He must must confront entrenched guilds and trade unionists, as well as labor organizations and employers, all of whom are deeply involved in labor-related issues....

4. Greek Cypriot couple released after five months of illegal detention

The Greek Cypriot couple who had been unlawfully held in the occupied areas of Cyprus for five months returned to the free areas late on Monday night, bringing an end to a case that had caused widespread concern....

5. Cyprus overhauls its tax system, what it means for your family

Parliament on Monday approved Cyprus’ new tax framework, a long-awaited reform that the government says will ease the burden on households, support families with children and make the economy more competitive, without requiring citizens to suddenly become tax experts....

6. Cyprus politics stall the cable that could end its energy isolation

The government and newly appointed Energy Minister Michalis Damianou will face a series of critical energy decisions in 2026 that will largely determine Cyprus’ energy future. ...

7. Cyprus and Vietnam sign deal to cut tax barriers and boost business

Cyprus and Vietnam took a fresh step toward closer economic ties on Monday with the signing of an agreement aimed at avoiding double taxation and preventing tax evasion, a move both sides say will make doing business between the two countries easier and more predictable....

8. 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....

9. 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.''...

10. 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....

11. Cyprus extends zero VAT on essential goods through 2026

Cyprus will maintain a zero value-added tax on certain basic goods until December 2026, the Finance Minister, Makis Keravnos, announced Wednesday following Cabinet approval of the measure....

12. Christodoulides plays his tax card to break the ATA deadlock

President Nikos Christodoulides has pulled what looks like an ace from his sleeve, a package of tax breaks aimed at sweetening the deal for employers and finally unblocking the long-stalled dispute over the Cost-of-Living Allowance, or ATA....

13. Christodoulides: ''He clearly doesn’t know who he’s dealing with''

A new round of tension has erupted between Athens and Nicosia over the ambitious undersea electricity cable meant to connect Greece, Cyprus, and Israel, known as the GSI Interconnector, after a report suggested Greece’s power grid operator had challenged a funding decision by Cyprus’s energy regulator....

14. Cyprus state payroll to rise €153 million in 2026 budget

Cyprus’ state payroll is set to climb again in 2026, with government spending on personnel projected to rise by €153 million despite efforts to rein in hiring....

15. Finance Minister warns GSI Project may be infeasible, making its funding risky

Finance Minister Makis Keravnos has raised concerns about the GSI electricity interconnection project, saying there is a risk if the government provides funding. He added that some studies suggest the project may not be viable....

16. EU Investment Bank holds first board meeting in Cyprus

The top decision-makers of the European Investment Bank (EIB) are in Cyprus for their first board meeting in the country, shining a spotlight on the island as a key partner in European development....

17. EU wants €67 million back from Cyprus gas project, sparking political fight

A multibillion-euro project meant to bring natural gas to Cyprus has been thrown into turmoil, after the European Commission demanded the return of €67 million in funding over alleged irregularities in how the contract was awarded. ...

18. Cyprus on edge as ''ATA for all'' talks stall, unions warn of new strike

Cyprus is facing rising tensions over the government’s plan to extend the cost-of-living allowance, known as “ATA for all,” with unions warning a new general strike could be on the horizon....

19. Cyprus, EU discuss doubling border security support ahead of presidency

Cyprus Finance Minister Makis Keravnos and EU Commissioner Piotr Serafin met Thursday to discuss border protection and Cyprus’ upcoming EU Council Presidency....

20. Greece to Cyprus: Make up your mind on energy link

Greece is pressing Cyprus to make up its mind about a major electricity project linking the island to Greece and Israel, after Cypriot Finance Minister Makis Keravnos publicly questioned whether the multibillion-euro plan is financially viable....

21. Cyprus minister calls power cable ‘unsustainable,’ sparking pushback from Athens

Cyprus’ finance minister set off a storm this week after questioning whether a long-delayed electricity link between Cyprus, Greece, and Israel can actually work under current terms....

22. Political tug-of-war in Nicosia over €25M power cable payment

A brewing dispute within Cyprus’ government over the Cyprus-Crete electricity interconnection project is turning into a serious political headache just as €25 million is due for disbursement to Greece’s ADMIE, the project operator....

23. 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....

24. Firestorm in the Palace

Cyprus President Nikos Christodoulides is under growing pressure as criticism mounts over his government’s handling of last month’s deadly fire and the political fallout it has unleashed. ...

25. Cyprus Basketball Federation joins forces with TELETHON

26. Who set Troodos on fire? Spoiler alert: It wasn’t the trees’ fault

Let me kick things off with two completely unrelated questions: When exactly are all 13 mobile desalination units finally going to start working? ...

27. UPDATE: Cyprus battles rekindling wildfire hotspots after massive blaze scorches over 120 square kilometers (VIDEOS)

Cyprus is battling rekindling wildfire hotspots across the Limassol district Thursday evening, after a massive blaze scorched more than 120 square kilometers, destroyed dozens of homes, and forced widespread evacuations....

28. Friends, foes, and snakes: A Cypriot snapshot in honor of World Snake Day

Yesterday was World Snake Day and our Anita is advised to be on her guard. Her enemies may be out to get her, but just as dangerous are a few so-called “friends” lurking in the shadows. Are they friends or snakes? ...

29. Keravnos takes gratuity tax exemption proposal to cabinet, opposes one-size calculation

Finance Minister Makis Keravnos on Wednesday signaled support for a proposal to exempt from taxation a 15% gratuity granted to officials, but said the measure still requires Cabinet approval....

30. 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....