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/young-cypriots-struggle-to-leave-home-as-state-housing-aid-nears-€80-million
Cyprus’s housing crisis, mirroring a wider European struggle, has left young people increasingly unable to move out of their parents’ homes....
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/comment/opinion/aek-larnaca-makes-history-with-london-victory
We can’t not congratulate AEK Larnaca, who became the first Cypriot team to beat an English side on their own turf, in the heart of London no less. Of course, it’s worth noting, and I’m sure Mr. Hartziotis will agree, that this victory owes a lot to imported players, just as organized crime is imported. Right, Minister?...
https://knews.kathimerini.com.cy/en/news/justice-minister-foreign-crime-gangs-taking-root-in-cyprus
Justice Minister Marios Hartsiotis said Wednesday that Cyprus is facing a new kind of organized crime, one that’s being brought in from abroad, as authorities continue investigating the killing of businessman Stavros Demosthenous in Limassol last week....
https://knews.kathimerini.com.cy/en/news/cyprus-faces-dramatic-water-shortage-as-dam-levels-drop-to-11
Cyprus is facing a worsening water crisis, with dam reserves down to just 11% of capacity, about 33 million cubic meters, compared to 27% last year, officials told Parliament’s Agriculture Committee on Tuesday....
https://knews.kathimerini.com.cy/en/business/major-mackenzie-venues-escaped-tax-scrutiny-despite-red-flags
The Audit Service has slammed the Tax Department for failing to properly check some of Larnaca’s biggest nightlife and event venues in the Mackenzie area. ...
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/business/cypriot-clubs-to-gain-as-fifa-expands-its-$355-million-world-cup-payout-plan
The countdown to the 2026 World Cup has begun, and with it comes more than just a new format. For clubs around the world, including several in Cyprus, the tournament represents an unprecedented financial opportunity....
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/business/lawmakers-push-for-overhaul-of-outdated-disability-pension-law
Lawmakers are calling for swift reform of the decades-old disability pension system, with the government confirming that a new bill is already in the works to address long-standing inequities....
https://knews.kathimerini.com.cy/en/news/larnaca-er-run-by-trainees-while-senior-doctors-collected-full-pay
In most cases last year, patients rushing into the First Aid Department at Larnaca General Hospital were treated not by senior doctors, but by trainees, while the specialists on duty were often nowhere to be found, according to a new report by the Audit Office of the Republic....
https://knews.kathimerini.com.cy/en/comment/opinion/the-foundations-of-a-just-tax-reform
There was a time when taxation meant more than the simple collection of revenue. It signified the bond between citizen and state, the collective commitment to common prosperity, the proper ordering of obligations among those living together in a political society....
https://knews.kathimerini.com.cy/en/news/cyprus-kids-finally-fly-the-nest-at-27-still-quicker-than-the-greeks
Europe’s ''kids'' aren’t really kids when they finally leave home. New figures show that in 2024, the average age for young Europeans to fly the nest was 26.2...just a hair younger than the year before....
https://knews.kathimerini.com.cy/en/news/man-accused-of-scamming-€76k-from-paphos-apartment-rentals
Police in Paphos have arrested a 33-year-old man accused of siphoning off more than €76,000 in rental income from apartments he was supposed to manage on behalf of their owner....
https://knews.kathimerini.com.cy/en/business/consensus-on-cola-appears-out-of-reach-as-legal-concerns-mount
The government faces mounting uncertainty over its “COLA for all” pledge, as a legal opinion obtained by employer organizations suggests universal application of the Cost-of-Living Allowance (COLA) in the private sector would be unconstitutional....
https://knews.kathimerini.com.cy/en/news/lack-of-teacher-interest-threatens-all-day-schools
Optional All-Day Schools will reopen on Monday, but education officials are already warning of serious staffing problems that could undermine the program....
https://knews.kathimerini.com.cy/en/news/how-can-i-start-a-family-if-i-can-t-afford-a-home
A 28-year-old woman from Larnaca has put into words what many in Cyprus quietly feel: the dream of starting a family is slipping further out of reach, tangled in high rents, low wages, and the lingering wounds of 1974....
https://knews.kathimerini.com.cy/en/news/paphos-mayor-urges-action-as-housing-becomes-out-of-reach-for-locals
The mayor of Paphos, Phaedon Phaedonos, warned Tuesday that rising real estate prices are making it increasingly difficult for ordinary Cypriots to rent or buy homes, calling on the government to take immediate action....
https://knews.kathimerini.com.cy/en/business/fight-over-fair-pay-for-all-heats-up
Cyprus is bracing for fresh labor tensions as the government pushes ahead with plans to extend the Automatic Cost of Living Allowance (ATA) to all workers, a pre-election pledge by President Nikos Christodoulides....
https://knews.kathimerini.com.cy/en/news/union-rally-in-nicosia-demands-government-uphold-cost-of-living-adjustment
Hundreds of workers from across Cyprus gathered Thursday outside the Ministry of Finance in Nicosia to defend the Automatic Cost-of-Living Adjustment....
https://knews.kathimerini.com.cy/en/comment/opinion/is-india-a-tariff-king-not-really
There is a widespread but fallacious perception that India's tariffs are inordinately high. There are subjective factors when it comes to a country like livability, public courtesy, or even how foreigners are welcomed....
https://knews.kathimerini.com.cy/en/news/families-of-children-with-disabilities-left-waiting-months-for-benefits-commissioner-says
The Commissioner for the Protection of Children’s Rights, Despo Michaelidou, has condemned delays and the refusal to pay retroactive benefits for children with disabilities....
https://knews.kathimerini.com.cy/en/news/government-launches-personalized-student-bus-cards-with-reduced-fares
Starting September 1, students across Cyprus will be able to get personalized ''Motion'' bus cards that drastically cut the cost of public transport, the Ministry of Transport, Communications and Works announced....
https://knews.kathimerini.com.cy/en/news/private-schools-in-cyprus-a-price-tag-that-packs-a-punch
Summer rains drenched the mountains of Cyprus on Wednesday, providing an unusual mid-season spectacle as clouds unleashed heavy showers across the island’s highlands....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-your-new-home-just-a-few-clicks-away-–-response-within-24-hours
Bank of Cyprus becomes the first bank in Cyprus to offer customers the ability to apply for a mortgage directly from their mobile phone or computer, enjoying a streamlined experience and receiving a response within 24 hours....
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/news/president-of-disabled-people-s-organization-disability-in-cyprus-means-destitution
People with disabilities in Cyprus face widespread poverty due to state policies that tie support to strict income criteria, the head of the Cyprus Confederation of Disabled People’s Organizations....
https://knews.kathimerini.com.cy/en/news/tiny-insect-threatens-cyprus-iconic-prickly-pear-cacti
A tiny insect threatens to wipe out prickly pear cacti in Cyprus within a few years, potentially depriving the island of a summer fruit deeply rooted in Cypriot culture....
https://knews.kathimerini.com.cy/en/business/cyprus-shopping-bill-outpaces-its-sales-trade-deficit-grows-in-first-half-of-2025
New figures from the Statistical Service show the country’s trade deficit, basically the difference between what we spend on imports and what we earn from exports, hit €3.87 billion between January and June this year. That’s up from €3.65 billion in the same period of 2024....
