https://knews.kathimerini.com.cy/en/business/most-households-in-cyprus-say-they-re-struggling-to-get-by
A large majority of households in Cyprus are dealing with financial strain, according to a 2026 consumer behavior survey....
https://knews.kathimerini.com.cy/en/business/eu-faces-€459-billion-budget-gap-while-member-states-clash-over-spending-priorities
The European Commission has placed the 27 member states before what it calls a “fiscal trilemma,” centered on the new European budget under discussion for the seven-year period 2028–2034, which is dividing partners during the energy crisis....
https://knews.kathimerini.com.cy/en/business/new-law-allows-unlicensed-leisure-venues-to-become-legal
Parliament has approved a new legal framework that regulates how leisure venues are licensed and operated, replacing older legislation and expanding oversight....
https://knews.kathimerini.com.cy/en/news/fuel-prices-set-to-drop-saturday-after-last-minute-delay
A long-awaited reduction in fuel taxes meant to ease pressure on households will not begin Thursday as originally planned but instead take effect at midnight on April 4, giving fuel companies time to adjust prices before motorists see the savings....
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/news/fake-€50-notes-circulating-across-cyprus-police-warn
Police are warning the public to keep a close eye on their cash after counterfeit €50 banknotes were detected across all districts of the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-linked-firms-tied-to-€25-8m-russian-construction-fraud-investigation-finds
A new investigation by the Cyprus Investigative Reporting Network (CIReN) reveals that companies based in Cyprus were linked to a €25.8 million fraud case involving Russia’s construction sector....
https://knews.kathimerini.com.cy/en/news/when-london-considered-leaving-cyprus
In the mid-1970s, Britain considered a complete withdrawal from Cyprus. A series of declassified British archival documents show that the government under Harold Wilson examined the possibility of fully removing its bases from the island....
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/news/€150m-controversy-hio-denies-wrongdoing-says-funds-were-never-at-risk
Cyprus’ Health Insurance Organization (HIO) is rejecting allegations of mismanagement and double payments within the national health system, insisting that the finances of the GeSY health fund remain fully protected despite reports suggesting otherwise....
https://knews.kathimerini.com.cy/en/news/us-to-pay-nearly-$1-billion-to-kill-wind-project-just-as-oil-prices-skyrocket
In an almost too ironic twist, the Trump administration announced it will pay French energy giant TotalEnergies nearly $1 billion to scrap plans for offshore wind farms on the US East Coast, just as global oil and gas prices spike due to the conflict in Iran....
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/news/eac-rolls-out-energy-saving-push-by-offering-€20-led-vouchers-for-every-home
The Electricity Authority of Cyprus (EAC) Supply has announced the rollout of the second phase of its energy-efficiency initiative, extending €20 vouchers for LED lighting to all residential customers....
https://knews.kathimerini.com.cy/en/news/health-insurance-organization-overpaid-€150-million-in-duplicate-claims
An extraordinary case involving tens of millions of euros being drained from the HIO fund has been brought to light by “K.” At a time when middle- and low-income households are struggling with rising costs and widening inequality, which carries serious social consequences, officials within the HIO appear to have wasted vast sums of money. ...
https://knews.kathimerini.com.cy/en/business/onlyfans-owner-leonid-radvinsky-dies-at-43-after-cancer-battle
Leonid Radvinsky, the billionaire owner of the adult content platform OnlyFans, has died after a long battle with cancer, the company announced Monday. He was 43....
https://knews.kathimerini.com.cy/en/news/government-weighs-return-of-mortgage-to-rent-scheme-to-help-homeowners-avoid-foreclosure
As debate continues over changes to foreclosure laws and Parliament races to pass legislation that will reshape the framework, the Mortgage to Rent scheme has once again come into focus....
https://knews.kathimerini.com.cy/en/news/cyprus-police-warn-lack-of-phone-surveillance-is-a-big-problem
''We were jealous,'' said former Assistant Chief of Police Christoforos Mavrommatis, describing how Cypriot investigators have been left behind while foreign police use phone monitoring to track suspects in real time....
https://knews.kathimerini.com.cy/en/business/cyprus-electricity-prices-to-rise-from-may-possibly-up-to-20-by-summer
Electricity tariffs in Cyprus are expected to rise in the coming months, with initial increases likely in May and the potential for significantly higher costs by late summer....
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/eu-turns-down-trump-s-request-for-help-in-hormuz-as-cracks-show-over-ukraine
The European Union has effectively rejected a request by Donald Trump for European assistance in safeguarding the Strait of Hormuz, with EU foreign policy chief Kaja Kallas making clear that the conflict with Iran “is not a European war” and that ''no one wants active involvement.''
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https://knews.kathimerini.com.cy/en/news/government-rethinks-12-pension-cut-as-reform-talks-heat-up
The government is taking a fresh look at the controversial 12% pension cut, a move that could directly affect thousands of future retirees, as negotiations over Cyprus’ long-awaited pension reform continue....
https://knews.kathimerini.com.cy/en/news/uefa-under-fire-could-israel-be-kicked-out-of-european-football
UEFA is suddenly facing more than just match-day drama, it’s caught in a political storm. Swiss lawmakers are now questioning why Europe’s football boss hasn’t taken action against Israel,...
https://knews.kathimerini.com.cy/en/news/lawmakers-debate-deportation-bill-for-foreign-offenders
A proposal to allow courts in Cyprus to deport foreign nationals convicted of serious crimes sparked debate in Parliament on Wednesday, with legal authorities and government agencies voicing concerns about how the measure would work in practice....
https://knews.kathimerini.com.cy/en/news/iea-releases-record-oil-reserves-but-cyprus-may-still-face-rising-fuel-prices
A record release of emergency oil reserves by the International Energy Agency (IEA) is meant to calm global markets shaken by Middle East tensions, but experts warn the move may not be enough to prevent higher fuel prices in Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-weighs-compensation-plan-for-occupied-properties-as-little-as-€2-monthly
Lawmakers in Cyprus are working to introduce legislation that would regulate compensation for displaced property owners who lost the use of their land in the occupied areas following the events of 1974. ...
https://knews.kathimerini.com.cy/en/business/shipping-costs-surge-as-iran-war-sparks-new-global-price-shock
The war in Iran and the broader geopolitical turmoil it has triggered are fueling a new and sharp surge in global shipping costs. ...
https://knews.kathimerini.com.cy/en/news/cyprus-safe-shelters-are-anything-but
The organized creation of public shelters in Cyprus began in 1999, when legislation was introduced requiring that public buildings include underground spaces that could serve as shelters in emergencies. ...
https://knews.kathimerini.com.cy/en/business/boc-eyes-strategic-acquisitions-in-insurance-asset-management-and-fintech
Bank of Cyprus says it is keeping a close watch for potential acquisitions that could add value to the group, focusing on three main areas: insurance, asset management and fintech....
https://knews.kathimerini.com.cy/en/news/parliament-bans-age-discrimination-in-vehicle-insurance
Cyprus’ House of Representatives has approved new legislation aimed at preventing insurance companies from refusing vehicle coverage solely on the basis of a driver’s age. ...
