https://knews.kathimerini.com.cy/en/business/low-demand-and-lack-of-storage-forcing-cyprus-to-cut-solar-power-output
As Cyprus heads into winter, some households have already begun experiencing cuts to their photovoltaic (PV) system output....
https://knews.kathimerini.com.cy/en/business/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.''...
https://knews.kathimerini.com.cy/en/news/alpha-bank-completes-the-acquisition-of-astrobank-s-banking-operations-in-cyprus
Alpha Bank announces the successful completion of the acquisition of substantially all assets and liabilities of AstroBank Public Company Ltd (“AstroBank”), through its subsidiary Alpha Bank Cyprus Ltd (“Alpha Bank Cyprus”) and other Group entities, following the receipt of all required regulatory approvals (the “Transaction”)....
https://knews.kathimerini.com.cy/en/news/president-unveils-major-tax-overhaul-aimed-at-fairness-growth-and-green-transition
Cyprus is rolling out the biggest tax shake-up in more than two decades, promising a fairer system that supports families, strengthens local businesses, and keeps the economy competitive....
https://knews.kathimerini.com.cy/en/business/cyprus-reports-€29-3-billion-negative-net-financial-position-household-income-climbs-in-2024
Cyprus closed 2024 with a negative net financial position of €29.27 billion, according to new data detailing macroeconomic indicators by institutional sector....
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/business/pollution-costs-push-power-prices-over-€200-million
The cost of carbon emissions tied to electricity generation has already surpassed €200 million this year, a figure that continues to climb as carbon prices remain higher than in 2024....
https://knews.kathimerini.com.cy/en/news/€50-million-could-flow-to-consumers-as-cyprus-moves-to-tax-renewable-energy-giants
Cyprus is considering a controversial move to tax unexpected profits from private renewable energy companies, a measure aimed at funneling millions into programs that could ease the burden on consumers....
https://knews.kathimerini.com.cy/en/business/complaints-pour-in-over-spoiled-milk-from-charalambides-christis
Dozens of consumers across Cyprus have filed complaints after discovering that fresh milk from Charalambides-Christis was turning sour several days before the stated expiration date, sparking concern among households and prompting an investigation....
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....
