https://knews.kathimerini.com.cy/en/news/which-goods-and-services-are-eating-into-household-incomes
Prices across several essential categories of goods and services have risen over the past four years, eating further into household budgets. With the sharpest annual increases now seen in transport, housing, energy and fuel, inflation remains firmly in the picture, steadily eroding households’ purchasing power....
https://knews.kathimerini.com.cy/en/news/bank-staff-offered-bigger-payouts-to-leave-due-to-inflation
Inflation and the cost of living are undoubtedly on the rise, but payouts to bank employees taking voluntary retirement appear to be cushioning much of the impact....
https://knews.kathimerini.com.cy/en/news/averof-keeps-election-plans-unclear-puts-fuel-bills-in-the-spotlight
Averof Neofytou had plenty to say on Friday about what people are paying at the pump. On what he intends to do about the presidential election, the answer remained less clear....
https://knews.kathimerini.com.cy/en/news/from-€508-to-€764-pension-reform-promises-biggest-boost-for-lowest-earners
For someone living on a €508 pension, another €256 a month could make a difference at the supermarket, when the electricity bill arrives or when it is time to fill the heating tank....
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/business/cyprus-s-import-bill-races-ahead-as-trade-gap-widens-by-€820-million
From the fuel in our cars to the goods arriving on shop shelves, Cyprus buys far more from abroad than it sells overseas. That gap has grown by almost €820 million in a year....
https://knews.kathimerini.com.cy/en/news/state-services-order-culling-of-2-000-animals-to-eradicate-foot-and-mouth-disease
Approximately 2,000 animals across five livestock farms in Cyprus will be culled following infections identified during island-wide sample testing conducted in July, government officials confirmed on Monday....
https://knews.kathimerini.com.cy/en/news/bbc-deloitte-cyprus-helped-falsify-records-to-hide-abramovich-s-wealth
Deloitte Cyprus helped falsify documents to conceal Roman Abramovich’s wealth and appears to have advised on a scheme that allowed one of his companies to evade millions in Cypriot taxes, according to a joint investigation by BBC Panorama and the Bureau of Investigative Journalism....
https://knews.kathimerini.com.cy/en/news/€1-000-baby-essentials-package-and-home-support-for-new-parents
Bringing a baby home comes with plenty of joy—and a shopping list that can put a serious dent in the family budget. For eligible parents in Cyprus, a newly approved scheme will offer €1,000 worth of baby essentials, alongside support at home during the first year....
https://knews.kathimerini.com.cy/en/news/mp-attacks-slow-reconstruction-of-refugee-housing-after-rent-bill-hits-€6-million
The government’s handling of the Ktizo housing scheme has come under fire after DIKO MP Zacharias Koulias questioned whether the programme’s remaining apartment blocks will ever be completed under the current approach....
https://knews.kathimerini.com.cy/en/news/fuel-and-household-bills-squeeze-cyprus-budgets-as-inflation-reaches-3-7
The drive to work, the electricity bill, and the weekly supermarket shop are putting more pressure on household budgets, with inflation in Cyprus reaching 3.7% in September....
https://knews.kathimerini.com.cy/en/business/visa-free-u-s-travel-and-direct-flights-top-amcham-s-cyprus-wish-list
A policy study by the American Chamber of Commerce in Cyprus (AmCham), which is part of the Cyprus Chamber of Commerce and Industry (CCCI), focuses on specific initiatives to further strengthen and deepen relations between the Republic of Cyprus and the United States....
https://knews.kathimerini.com.cy/en/news/€200m-water-and-irrigation-projects-planned-through-2030
More funding is being directed towards Cyprus’ water and irrigation infrastructure as prolonged drought continues to put pressure on agricultural production....
https://knews.kathimerini.com.cy/en/comment/opinion/house-prices-are-rising-are-we-building-homes-people-can-afford
The 8.5% rise in house prices in the second quarter of 2026 is a figure that rightly draws attention. For buyers, however, the question is simpler: Can I still afford a home in the area where I want to live?...
https://knews.kathimerini.com.cy/en/news/relief-is-coming-government-says-but-household-bills-are-not-waiting
For Cypriot households already watching the petrol gauge as closely as the supermarket receipt, the government’s message is simple: help is in place, and more is on the way....
https://knews.kathimerini.com.cy/en/news/ukraine-eyes-porn-decriminalisation-as-new-source-of-war-tax-revenue
Ukraine is considering a surprising way to bring more money into state coffers as it continues funding its war against Russia: decriminalising pornography and taxing the industry....
https://knews.kathimerini.com.cy/en/news/immigrant-students-outperform-native-peers-in-new-cyprus-educational-assessment
A persistent public belief that foreign pupils drag down Cyprus's national academic standing was shattered by the latest PISA study, which reveals that children from migrant backgrounds outperform native Cypriot students across reading, mathematics, and science....
https://knews.kathimerini.com.cy/en/comment/opinion/let-them-eat-sponge-cake
Marie Antoinette, Queen of France, urged the poor of France to eat cake because they had no bread. And every now and then, some of the Government’s housing schemes make me quietly whisper “cake” to myself and smile....
https://knews.kathimerini.com.cy/en/news/after-years-of-talk-cyprus-tells-chevron-it-is-time-to-turn-aphrodite-into-gas
Cyprus has spent years talking about the natural gas beneath its waters. Now, President Nikos Christodoulides says it is time to move from plans and promises to actual production....
https://knews.kathimerini.com.cy/en/news/trade-unions-warn-worker-leasing-may-be-linked-to-human-trafficking
Cyprus MPs are seeking answers from the authorities over allegations that workers are being illegally leased to businesses, with trade unions telling Parliament that some cases may be connected to human trafficking....
https://knews.kathimerini.com.cy/en/business/cyprus-rejects-three-eu-revenue-proposals-as-nicosia-draws-red-lines-over-eu-funding-plans
Nicosia drew its red lines during a particularly divisive discussion among the 27 member states, which focused on both the size and composition of the EU’s “New Own Resources” (NORs), meaning the new revenue sources the European Union is proposing to use to finance the 2028-2034 European budget while partially reducing its reliance on direct contributions from member states....
https://knews.kathimerini.com.cy/en/news/cyprus-firms-face-tougher-checks-on-business-with-greece
Cyprus has been included on a 42-country list that will bring certain transactions with Greek businesses under closer tax scrutiny. But the decision does not mean Greece has accused Cyprus, or every company based here, of tax evasion....
https://knews.kathimerini.com.cy/en/news/pension-reform-hits-resistance-as-workers-ask-who-pays-the-bill
Cyprus’ long-awaited pension reform is running into resistance, with workers’ unions warning that some of the most important questions remain unanswered: Will employees have to pay more? Will future pensioners receive enough to live on? And who will ultimately pick up the bill?...
https://knews.kathimerini.com.cy/en/news/former-cyprus-minister-didn-t-declare-€2-4-million-of-his-assets-as-required
For most people, €2.4 million is not an amount easily overlooked. Yet an unnamed former minister in the Christodoulides government failed to include bank accounts containing roughly that amount in official asset declarations filed when entering and leaving office, according to the chairman of Parliament’s institutions committee....
https://knews.kathimerini.com.cy/en/business/eu-plan-could-curb-holiday-rentals-to-make-room-for-residents
“We are not fundamentally opposed to short-term rentals,” EU Energy and Housing Commissioner Dan Jørgensen made clear. “They can be useful for travel and tourism and provide households with extra income.” ...
https://knews.kathimerini.com.cy/en/news/two-housing-plans-aim-to-give-young-families-more-ways-to-build-a-home
For a young couple in Cyprus, the price of a home can put the whole plan on hold before it starts. Two government housing schemes offer different ways around one of the biggest hurdles: finding land to build on....
https://knews.kathimerini.com.cy/en/news/eight-years-zero-berths-and-€5-million-cyprus-never-collected-another-scandal-in-the-making
Six private operators were given the right to develop parts of Cyprus’ coastline. Eight years later, not one of the planned berthing facilities is operating, not a cent in annual fees has been paid and the state is estimated to have lost more than €5 million....
https://knews.kathimerini.com.cy/en/news/build-your-home-on-state-land-at-25-of-its-value-do-you-qualify
For a young family watching house prices climb further out of reach, a state plot offered at just 25% of its market value sounds like the break they have been waiting for....
https://knews.kathimerini.com.cy/en/news/brussels-looks-to-polluters-and-old-gadgets-to-help-fund-europe-s-budget
The European Union is looking at pollution and discarded electronics to help fund its next seven-year budget, and Cyprus’ poor record on collecting old devices could make the plan particularly relevant to the island....
https://knews.kathimerini.com.cy/en/news/another-17-000-cyprus-families-to-qualify-for-child-benefit
Another 17,000 families in Cyprus are expected to qualify for child benefit under an expansion announced by President Nikos Christodoulides, potentially bringing financial support to more than 23,000 additional children....
