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1. 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.''...

2. 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....

3. 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....

4. 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....

5. 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....

6. 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....

7. 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....

8. 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....

9. 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. ...

10. 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....

11. 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....

12. 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....

13. 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....

14. 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....

15. 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....

16. 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. ...

17. Cyprus Basketball Federation joins forces with TELETHON

18. 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? ...

19. 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....

20. 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? ...

21. 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....

22. 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....

23. Businesses call for simpler, fairer tax reform in Cyprus

The Institute of Certified Public Accountants of Cyprus is raising concerns over Cyprus’ proposed tax reform, arguing that while the new framework aims to ease the tax burden on individuals and businesses, it remains overly complex. ...

24. Cyprus tax reform: Bold overhaul aims to boost economy but sparks debate

Cyprus is preparing to implement its first major tax reform in over two decades, aiming to modernize the tax system, boost competitiveness, and align with international standards....

25. Cyprus rolls out the red carpet for civil servants

A decade after the financial crisis that forced Cyprus to slash public sector benefits under the terms of its bailout agreement, the government is now gradually rolling back austerity measures — handing back perks to civil servants in a move seen as both politically strategic and potentially risky....

26. Kuwait Embassy in Cyprus marks National Day with high-profile celebration

The Embassy of the State of Kuwait in Cyprus marked its 64th National Day and 34th Liberation Day with a grand reception at the Hilton Nicosia on February 25, bringing together top Cypriot officials, diplomats, and dignitaries....

27. Finance Minister doubts future of Cyprus-Greece interconnector project

Finance Minister Makis Keravnos said on Tuesday that he is not particularly optimistic about the Great Sea Interconnector (GSI) electricity interconnection project with Greece, especially while there are still serious political obstacles posed by Turkey....

28. Multiple pensions on their last leg

With public statements from both Parliament and the Presidential Palace setting high expectations from the outset, the issue of multiple pensions for state officials is now reaching its decisive phase....

29. Depositors affected by 2013 banking crisis to be compensated in May

Cypriots who lost their savings during the 2013 banking crisis will finally begin receiving compensation this May, according to Finance Minister Makis Keravnos. ...

30. Offside with the taxman as football execs face €35.5M penalty shootout

The technocrats of the Tax Department are continuing the process of finalizing indictments against football clubs....