https://knews.kathimerini.com.cy/en/business/cypriots-earn-a-bit-more-in-2024-just-don-t-spend-it-all-at-once
Workers in Cyprus took home more money in 2024, but the pace of wage growth lost steam as inflation continued to squeeze household budgets....
https://knews.kathimerini.com.cy/en/news/when-paying-for-groceries-becomes-a-crowdfunding-campaign
In the U.S., some people aren’t just asking for help with medical bills or emergencies anymore, they’re crowdfunding their groceries. That’s according to GoFundMe CEO Tim Cadogan, who says more Americans are turning to online campaigns just to make ends meet....
https://knews.kathimerini.com.cy/en/news/new-scholarships-to-help-cypriot-women-break-into-tech-and-shipping
Ten Cypriot women will soon have the chance to study in the fields of shipping, innovation, and technology, thanks to a new scholarship program announced by the Office of the Commissioner for Gender Equality and the Cyprus State Scholarships Foundation (IKYK)....
https://knews.kathimerini.com.cy/en/news/livadia-residents-refuse-sewage-fees-over-unequal-charges
Residents of the Livadia self-housing development are refusing to pay a bill for a new sewage system, arguing the charges are unfair and pointing to differences in how similar projects have been handled elsewhere....
https://knews.kathimerini.com.cy/en/business/the-energy-market-has-opened-but-power-prices-haven-t-budged
A study by The Cyprus Institute, commissioned by the Ministry of Energy, suggests that electricity bills could be up to 20% lower if natural gas were used today for power generation....
https://knews.kathimerini.com.cy/en/business/inside-cyprus-new-power-market-who-s-in-and-how-prices-will-be-set
Cyprus formally opened its competitive electricity market Wednesday, a milestone in the country’s effort to liberalize the energy sector and give consumers more freedom to choose how they buy power....
https://knews.kathimerini.com.cy/en/news/mavrokolympos-back-in-service-what-we-re-waiting-for-now-is-rain
The Mavrokolympos dam in Paphos, whose sudden damage earlier this year triggered water shortages and forced Cyprus to import mobile desalination units, has finally been repaired, authorities announced....
https://knews.kathimerini.com.cy/en/news/power-shift-17-companies-enter-cyprus-new-electricity-market
For the first time in Cyprus, households and businesses will soon be able to choose who supplies their electricity. Starting today, 17 companies, ranging from homegrown startups to established energy providers, are stepping into the island’s brand-new competitive electricity market....
https://knews.kathimerini.com.cy/en/business/supermarkets-and-electricity-bills-top-cypriot-concerns-despite-signs-of-consumer-confidence
Cypriot households are showing cautious optimism about the economy, though rising supermarket prices and electricity bills remain their biggest worries, according to a new Ktrends survey by Kathimerini and PwC....
https://knews.kathimerini.com.cy/en/news/paphos-water-worries-put-to-rest
Residents of Paphos can breathe easier when it comes to drinking water. Government officials say new desalination units will secure supply for the district through at least 2026, regardless of rainfall....
https://knews.kathimerini.com.cy/en/news/techisland-delivers-600-air-purifiers-to-wildfire-affected-villages
As part of the collective programme announced in July in response to this year’s wildfires in Cyprus, TechIsland has distributed 615 air purifiers to households in affected villages....
https://knews.kathimerini.com.cy/en/news/vasiliko-delays-keep-cyprus-stuck-with-sky-high-power-bills
Cypriot households already struggling with some of Europe’s highest electricity bills are being told they’ll have to wait even longer for relief, as delays and political wrangling over the Vasiliko energy project threaten to keep prices high for at least three more years....
https://knews.kathimerini.com.cy/en/news/homeowners-to-receive-state-aid-for-storm-damaged-solar-water-heaters
Homeowners whose solar water heaters were damaged during severe weather in February will receive financial assistance by the end of October, the government announced Thursday....
https://knews.kathimerini.com.cy/en/business/cyprus-braces-for-nationwide-strike-over-cost-of-living-dispute
Cyprus is bracing for a nationwide strike next week, after trade unions announced a three-hour walkout on Sept. 11 in protest over stalled talks on the cost-of-living allowance known as ATA....
https://knews.kathimerini.com.cy/en/news/from-free-to-for-sale
What was meant as a green gift to struggling households in Cyprus has, ironically, turned into an online marketplace....
https://knews.kathimerini.com.cy/en/news/majority-of-wildfire-aid-distributed-government-says
Authorities in Cyprus say most of the emergency relief promised to families hit by last month’s devastating wildfires in the Limassol district has already been distributed....
https://knews.kathimerini.com.cy/en/business/cyprus-sets-record-for-wasted-solar-energy-in-2025
Cyprus is wasting record levels of solar energy this year, even as rolling blackouts last week left homes and businesses without power during a heatwave....
https://knews.kathimerini.com.cy/en/business/lawmakers-demand-faster-action-on-energy-storage-as-costs-and-uncertainty-persist
Last week’s electricity outages have put the government under intense scrutiny, with critics blaming poor management of the country’s power system....
https://knews.kathimerini.com.cy/en/business/cyprus-aims-to-complete-energy-storage-system-by-2026-launch-competitive-electricity-market-in-2025
The government plans to complete a new energy storage system, along with storage installations at two Electricity Authority of Cyprus (EAC) power plants, by June 2026, Government Spokesperson Konstantinos Letymbiotis said Monday. ...
https://knews.kathimerini.com.cy/en/news/cyprus-savers-earn-less-borrowers-pay-more-as-banks-widen-gap-with-eurozone
If you’re saving your money in a Cypriot bank, you’re probably earning less interest than the average European. But if you’re borrowing for a home or your small business, you’re likely paying more....
https://knews.kathimerini.com.cy/en/news/water-supply-restored-in-limassol-after-wildfires-officials-say
The water supply network in Limassol is gradually returning to normal following the devastating wildfires in the region’s mountainous areas, officials said Monday....
https://knews.kathimerini.com.cy/en/news/we-failed-president-apologizes-over-wildfire-response-announces-12-relief-measures
President Nikos Christodoulides has announced a 12-point relief package to support residents affected by the deadly wildfire that tore through mountainous villages in the Limassol district, claiming two lives and leaving a trail of destruction....
https://knews.kathimerini.com.cy/en/business/government-cuts-out-locals-in-€35m-energy-deal-ahead-of-electricity-market-opening
Just months before Cyprus opens up its electricity market to real competition, a government decision to hand a €35 million energy storage project to the state has sparked a fierce backlash from private investors, many of whom have been stuck in limbo for years....
https://knews.kathimerini.com.cy/en/comment/opinion/reducing-the-cost-of-living-through-digital-solutions
Life is becoming increasingly difficult for households today. The gap between those who are financially comfortable and those struggling to make ends meet on their wages has widened significantly. ...
https://knews.kathimerini.com.cy/en/business/deposit-rates-fall-for-households-and-businesses-while-mortgage-rates-climb
Average interest rates on deposits from households and businesses in Cyprus declined in May compared to April, while average mortgage rates edged higher, according to data released Thursday by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/news/millions-in-cyprus-pollution-fees-diverted-from-green-goals-critics-say
Cyprus has collected hundreds of millions of euros in pollution fees over recent years, costs passed on to electricity consumers, yet much of that revenue is not being directed toward climate or clean energy projects as mandated by the European Union, raising concerns among environmental experts....
https://knews.kathimerini.com.cy/en/news/cyprus-opens-electricity-market-to-competition-on-october-1st
Cyprus is preparing to open its long-awaited competitive electricity market, with officials hopeful the move will finally bring down energy costs for households and businesses....
https://knews.kathimerini.com.cy/en/news/farmers-call-for-presidential-intervention-claiming-water-allocated-to-golf-courses-instead-of-farms
Banana growers and farmers in Paphos held a protest Saturday morning, demanding the delivery of water promised by the Water Development Department. ...
https://knews.kathimerini.com.cy/en/business/eac-now-requests-3-hike-sparing-consumers-steeper-7-5-increase
Consumers in Cyprus may soon see a 3% rise in their electricity bills, after the Electricity Authority of Cyprus (EAC) announced Tuesday it will request a modest rate increase from the Cyprus Energy Regulatory Authority (CERA)....
https://knews.kathimerini.com.cy/en/news/despite-ahk-chief-s-assurances-technocrats-push-for-higher-power-rate-hike
Even though the chairman of the Electricity Authority of Cyprus (AHK), Giorgos Petrou, recently stated that the AHK would be requesting only a modest 3% electricity price hike, the utility’s technocrats are still pushing for an increase of up to 7.5% before VAT....
