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31. A system built to simplify hiring is now raising fears of worker exploitation

Instead of reducing problems linked to the employment of third-country nationals, the Labour Ministry’s new electronic platform appears to be creating further distortions in the labor market, industry representatives warn, claiming that applications can be submitted without sufficient verification and monitoring....

32. Another ECB rate hike is on the horizon

Europe may be heading for another interest rate increase, and households could once again feel the impact....

33. Cyprus: Exporting potatoes, halloumi… and gas?

On Tuesday the 28th of July, 2026, the energy company Eni reached the Final Investment Decision (FID) for the development of the Cronos gas field, located in Block 6 of Cyprus’ Exclusive Economic Zone (EEZ)....

34. Cypriot & Greek stocks now available on the Wealthyhood x BoC app

Wealthyhood X BoC has officially launched Cypriot and Greek stocks on its platform, placing the Cyprus Stock Exchange and Euronext Athens front and centre for retail investors across Cyprus, Greece and Europe....

35. The housing crisis is not just about homes, it's about Cyprus’ future

The housing crisis is no longer a temporary economic difficulty. It is evolving into one of the European Union’s (EU) most significant public policy challenges, affecting social cohesion, demographic renewal, economic competitiveness, and the sustainable development of both cities and rural areas....

36. Five years, €1 billion and hundreds of projects: Cyprus closes its EU recovery chapter

The end of the summer marks the completion of Cyprus’ Recovery and Resilience Plan (RRP), effectively closing a five-year cycle of investments and reforms....

37. Where is Cyprus spending your money? €412 million poured into projects in six months

Cyprus recorded an increase in state development spending during the first half of 2026, according to a report by the Treasury on the implementation of the state budget....

38. Should trucks be banned from highways during rush hour?

Anyone who has been stuck in Cyprus traffic knows the frustration: you’re trying to get to work, drop the kids off at school, or make an appointment, and suddenly everything comes to a standstill....

39. Dubai offers residents up to €700 for bringing foreign visitors

Dubai has launched a new incentive programme encouraging residents to invite friends and relatives from overseas, offering rewards worth more than 3,000 dirhams (€716) as the emirate seeks to strengthen international tourism following months of regional instability....

40. Cyprus environmental tax revenue reaches €718.7 million

Environmental tax revenue in Cyprus reached €718.72 million in 2024, according to new figures released by Eurostat, as environmental tax receipts across the European Union increased to a record €371.9 billion....

41. Limassol Mall is coming, but can the roads handle it?

The progress of the Limassol Mall project has once again brought the issue of traffic congestion in eastern Limassol to the forefront, with calls growing for urgent upgrades to the city’s road network....

42. Cyprus records EU's second-largest annual drop in public debt

Cyprus recorded the second-largest annual reduction in government debt among European Union member states during the first quarter of 2026, according to figures released by Eurostat on Tuesday....

43. Cyprus’ path to Schengen: Implications for employers

44. Cypriots keep shopping despite inflation fears and global uncertainty

Consumer spending in Cyprus remains strong despite market uncertainty caused by inflationary pressures and the war in the Middle East....

45. Traditional banks are funding more shadow loans

While lending increasingly grows in a demanding environment with geopolitical developments affecting the region and by extension Cyprus, the boundaries between traditional and shadow banking are becoming more and more blurred....

46. Cyprus ranks second in EU for workers from other member states

Cyprus is one of the European Union’s biggest magnets for workers from other EU countries, ranking second among all member states for the share of its working-age population made up of people born elsewhere in the bloc....

47. Turkey begins work on gas pipeline to occupied north, setting its sights on Europe

Turkey has reportedly begun building a 101-kilometer natural gas pipeline linking its southern coast to the occupied north of Cyprus, in a move that could reshape the region's energy landscape if completed....

48. More than 100 Turkish Cypriot properties declared unsafe after safety checks

More than 100 Turkish Cypriot properties across Cyprus have been deemed unsafe following hundreds of inspections carried out after the deadly collapse of an apartment building in Germasogeia earlier this year....

49. Dreaming of buying a home? Eurobank launches a guide to make the mortgage journey less confusing

For many couples in Cyprus, the dream of owning a home often begins with a late-night conversation....

50. A lifeline for small businesses or another state ''monster''?

European countries generally do not create state-run mechanisms that directly provide loans to small and medium-sized enterprises. Governments across Europe tend to avoid such structures because they are costly, bureaucratic, and often overlap with the role already played by banks....

51. Bank of Cyprus executives recognized among EMEA’s top performers

The Bank of Cyprus has received several distinctions in Extel’s annual survey of management teams of listed companies in the EMEA region, with the group's executive director of financial management, Eliza Livadiotou, securing first place in the Best CFO category based on votes from sell-side analysts....

52. Families have few choices as elderly people with mental illnesses enter care homes

When V.'s father was diagnosed with psychosis and dementia, his family had nowhere else to turn. Unable to care for him at home and with no specialist residential facilities available, they placed him in an elderly care home, a situation experts say is becoming increasingly common in Cyprus....

53. Mayor says Ledras and Onasagorou upgrade is ''unavoidable and long overdue''

The regeneration project of Ledras and Onasagorou pedestrian streets is ''necessary in every respect,'' Nicosia Mayor Charalambos Prontzos said, stressing that the municipality understands the concerns raised by some business owners but believes the upgrade cannot be delayed any longer....

54. Cyprus gets new fiscal council chief as focus turns to public finances

Economist Dr. Andreas Charalambous officially took over as president of the Fiscal Council of Cyprus on Monday, succeeding Michalis Persianis, who has led the independent body in recent years....

55. Millions lost, Cyprus connection: Inside the EU probe into an alleged VAT fraud network

A major European investigation into an alleged €46.9 million VAT fraud scheme has put a network of companies with links to Cyprus under scrutiny, with authorities looking into how small electronic devices may have been used to move millions of euros through a complex tax fraud operation....

56. Commission approves €120 million Recovery Fund payment for Cyprus

Cyprus is set to receive another €120 million after the European Commission approved the country's sixth payment request under the Recovery and Resilience Facility (RRF), the flagship funding programme of NextGenerationEU....

57. Limassol’s job market stays strong as finance and tech companies continue hiring

While many people are watching the cost of living and wondering where the next job opportunities will come from, Limassol’s employment market continues to show signs of strength, particularly in the finance and technology sectors....

58. A new safety net for Cyprus banks, or a brake on the economy?

The news that the Central Bank of Cyprus is considering activating the Systemic Risk Buffer came as a ''bombshell'' for local banks and, as expected, has divided opinion....

59.  PwC Cyprus once again supports the Invest Cyprus International Investment Awards

PwC Cyprus participated as Platinum Sponsor of the 14th Invest Cyprus International Investment Awards, marking thirteen consecutive years of support for one of the country’s most important institutions dedicated to recognising international investors....

60. Financial clarity: A key driver of SME stability in Cyprus

Small and medium-sized enterprises (SMEs) are central to the Cypriot economy. Yet, as the business environment evolves, many organisations are facing increasing pressure to manage not only growth, but also financial accuracy, compliance, and planning....