https://knews.kathimerini.com.cy/en/news/wastewater-disposal-identified-as-key-factor-in-pissouri-landslides
The long-term disposal of domestic wastewater into soakaway pits was the main factor behind rising groundwater levels and the reactivation of landslides in Pissouri, according to scientific research published in 2024....
https://knews.kathimerini.com.cy/en/news/troodos-asbestos-mine-among-sites-covered-by-€302-400-in-public-tenders
Two public infrastructure contracts with a combined estimated value of €302,400 excluding VAT are now under evaluation following the closure of bidding on Tuesday, with works planned at the former Amiantos Mine and long-term maintenance of wastewater facilities at Troodos Camp....
https://knews.kathimerini.com.cy/en/business/gdp-growth-accelerates-in-q2-on-strong-consumption-and-investment
Despite the deterioration in the global economic environment following the outbreak of the US-Iran war, the Cypriot economy remained resilient in Q2 2026, with GDP growth accelerating to 3.3%YoY, from 3.0%YoY in the previous quarter. ...
https://knews.kathimerini.com.cy/en/news/government-spends-more-than-it-earns-as-deficit-grows
The Cypriot government spent nearly €143 million more than it brought in during the second quarter of 2026, as rising costs outpaced an increase in revenue, preliminary figures from the Statistical Service show....
https://knews.kathimerini.com.cy/en/news/cyprus-pledges-€25-million-for-power-cable-stays-silent-on-the-rest
As the Cyprus–Crete electricity interconnector awaits a return to activity, the temporary suspension of survey work in 2014 helped ease tensions between Greece’s Independent Power Transmission Operator, ADMIE, and the Cypriot regulatory authorities, mainly over financial matters....
https://knews.kathimerini.com.cy/en/business/cyprus-links-€25-million-gsi-payment-to-greek-navtex
Cyprus has linked its planned €25 million payment for the Great Sea Interconnector (GSI) to the Greek government issuing a NAVTEX before the end of October, Energy Minister Michalis Damianou said on Monday....
https://knews.kathimerini.com.cy/en/business/cost-of-living-soars-as-nicosia-seeks-european-breathing-room
The energy crisis and rising living costs have forced governments to scramble to keep up with support measures for businesses and households. With external factors driving prices higher showing no signs of improvement and conditions instead getting worse, Cyprus is calling for countries with sound economic indicators to be given greater fiscal flexibility to provide financial support....
https://knews.kathimerini.com.cy/en/life/eating-less-but-not-losing-weight-7-possible-reasons
“But I don’t eat much. I’m careful, I’ve cut out sweets and dinner, and yet the number on the scales isn’t going down!” This is a phrase we often hear as dietitians. Weight loss, however, is not always as simple as “I eat less, therefore I lose weight”....
https://knews.kathimerini.com.cy/en/news/hidden-4-1-rise-in-public-sector-staff-costs-in-2027
While the government is cutting civil service positions in an effort to contain the public-sector wage bill, the picture presented by staffing expenditure tells a different story....
https://knews.kathimerini.com.cy/en/news/cyprus-to-review-12-000-golden-visas-and-tighten-scheme-before-schengen-entry
Cyprus plans to tighten its “golden visa” programme before joining the Schengen Area, Deputy Minister of Migration Nicholas Ioannides told MPs on Thursday....
https://knews.kathimerini.com.cy/en/news/fitiris-cuts-police-protection-for-former-officials-to-reduce-state-spending
Justice Minister Costas Fitiris’ review of police protection for political figures and former state officials is already freeing officers for other duties, as the government continues efforts to reduce unnecessary public expenditure....
https://knews.kathimerini.com.cy/en/news/budget-stays-in-surplus-as-war-and-rising-prices-squeeze-the-economy
The 2027 state budget will be presented to the Council of Ministers on Wednesday. It was prepared against a particularly challenging economic backdrop, just one week after the European Central Bank raised interest rates in an effort to contain inflationary pressures....
https://knews.kathimerini.com.cy/en/news/cyprus-spends-big-on-education-but-students-keep-falling-behind-europe
Cyprus is one of the European Union’s most generous education spenders. In 2024 it devoted 13.2 per cent of total public expenditure to education, the fifth-highest share in the bloc and well above the EU average of 9.7 per cent. ...
https://knews.kathimerini.com.cy/en/business/cyprus-records-€770-6-million-fiscal-surplus-in-first-seven-months
Cyprus recorded a General Government fiscal surplus of €770.6 million in the first seven months of 2026, equivalent to 2.0% of GDP, according to preliminary figures released by the Statistical Service on Monday....
https://knews.kathimerini.com.cy/en/news/marinos-mousiouttas-fairness-for-today-s-retirees-security-for-tomorrow-s-pensioners
Labour and Social Insurance Minister Marinos Mousiouttas explains the government’s proposed pension reform to Kathimerini....
https://knews.kathimerini.com.cy/en/news/retiring-at-63-your-pension-penalty-could-drop-from-12-to-8
The submission of the pension reform bill to the social partners marks the beginning of the final stage of a long-running effort to modernize Cyprus’ social insurance system....
https://knews.kathimerini.com.cy/en/business/financial-instability-in-the-occupied-area-threatens-future-reunification-plans
Up until now, all parties, including the Greek Cypriot side, have operated under the assumption that they don't need to tackle the fiscal viability of the successor state in the occupied area. That mindset is dangerous, especially when the necessary fixes aren't actually out of reach, so long as someone takes action....
https://knews.kathimerini.com.cy/en/news/ever-wonder-where-your-tax-money-goes
From hospitals and universities to buses, water, political parties, and even Facebook and Google, Cyprus spent hundreds of millions of taxpayer euros in 2025, and a newly released Treasury list reveals where some of the biggest payments went.
...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/business/licensing-chaos-in-tourism-55-of-accommodations-without-a-license
The issue of licensing Cyprus hotels, which is a long-standing problem, casts shadows over the legality and credibility of the Cypriot tourism product, as it poses risks related to the country's reputation and visitor safety, as the Audit Office points out in a report....
https://knews.kathimerini.com.cy/en/news/ireland-s-eu-presidency-set-to-cost-more-than-three-times-cyprus
Ireland is preparing for one of the most expensive Presidencies of the Council of the European Union in recent years, with estimated spending approaching €293 million. ...
https://knews.kathimerini.com.cy/en/news/nicosia-says-it-s-turning-things-around-but-traffic-and-bills-still-bite
''During the first year, we simply kept quiet and worked,'' the Municipality of Nicosia said as it presented its two-year progress report, highlighting significant steps in financial recovery, organisational restructuring, and the development course of the capital....
https://knews.kathimerini.com.cy/en/news/israeli-tourism-collapse-weighs-heavily-on-cyprus-revenue-in-march
A dramatic decline in visitors from Israel was a major factor behind a steep drop in Cyprus tourism revenue during March, according to new figures released by the Statistical Service....
https://knews.kathimerini.com.cy/en/news/imf-warns-cyprus-against-costly-energy-measures-and-foreclosure-delays
The International Monetary Fund (IMF) has issued clear warnings and observations about the Cypriot economy following the conclusion of its mission to the country, which took place from the last 10 days of April through early May.
...
https://knews.kathimerini.com.cy/en/news/no-more-borrowing-from-pension-fund-government-says
A long-standing distortion in Cyprus’ social insurance fund is finally being addressed as the government moves to ''freeze'' its growing debt to the fund and shift its investment strategy to an independent authority....
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/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/business/cyprus-executes-most-of-2025-budget-as-revenues-trail-borrowing-drop
Cyprus carried out most of its 2025 state budget as planned, according to a Treasury report released Tuesday. The government collected about 87% of the revenue it had budgeted and spent roughly 92% of what it had planned....
https://knews.kathimerini.com.cy/en/business/two-year-it-project-at-housing-finance-corporation-drags-on-for-eight-years
A long-delayed technology project at the Housing Finance Corporation (HFC) has resulted in significant additional costs and prolonged dependence on external systems, according to findings presented by the Audit Office to Parliament’s Audit Committee....
