https://knews.kathimerini.com.cy/en/business/eurozone-inflation-remains-stubbornly-high-as-ecb-prepares-another-rate-hike
The European Central Bank is expected to increase interest rates again in December, with inflation running at twice its target and uncertainty over energy costs keeping policymakers under pressure. While most economists believe the decision will mark the final increase in the current tightening cycle, more than a third anticipate another hike in early 2027....
https://knews.kathimerini.com.cy/en/news/two-contenders-for-lagarde-s-job-as-europe-weighs-who-will-steer-interest-rates
Eurozone finance ministers opened talks Monday on who should succeed Christine Lagarde at the European Central Bank, a choice that comes as higher energy prices complicate the bank’s decisions on interest rates. ...
https://knews.kathimerini.com.cy/en/business/fitch-upgrades-cyprus-to-‘a-on-strength-of-public-finances
Cyprus has received another credit rating upgrade, with Fitch Ratings raising the country’s long-term rating from ‘A-’ to ‘A’, citing strong public finances, falling debt levels and continued economic growth....
https://knews.kathimerini.com.cy/en/news/how-democrats-won-ground-in-rural-america-and-took-congress
Kirsten is from Seattle, has lived in Cyprus for many years and goes back to the United States at least once a year to visit family. She voted from Cyprus in Tuesday’s midterms,...
https://knews.kathimerini.com.cy/en/news/from-the-pump-to-the-power-bill-costs-climb-in-cyprus
You can put off buying a new pair of shoes. Filling up the car to get to work or paying the electricity bill is harder to put off. In October, those everyday costs helped push Cyprus’ annual inflation rate to 4.4%, up from 3.7% in September....
https://knews.kathimerini.com.cy/en/comment/opinion/why-nothing-changes-in-cyprus
The other day, I watched Britain’s growth minister, Dan Tomlinson, give an outstanding interview on Sky News....
https://knews.kathimerini.com.cy/en/news/drivers-could-keep-fuel-tax-break-until-march
Finance Minister Makis Keravnos will ask Cabinet to extend the tax break on petrol and diesel, possibly until March 2027, giving drivers a chance to hold on to some relief at the pump. ...
https://knews.kathimerini.com.cy/en/news/cyprus-banks-must-hold-extra-capital-to-continue-lending-in-a-crisis
Markets are volatile, the war in the Middle East shows no sign of ending, and inflation continues to rise. The energy crisis is deepening concerns, while the prices of goods and fuel remain high. ...
https://knews.kathimerini.com.cy/en/business/more-than-€1-billion-spent-on-measures-to-curb-rising-prices-since-2023
The Government has allocated more than €1 billion since 2023 to help households cope with rising living costs, Finance Minister Makis Keravnos said, pointing to five support packages introduced in response to imported inflation and the energy crisis....
https://knews.kathimerini.com.cy/en/news/cypriots-keep-travelling-despite-rising-airfares
Cypriots’ appetite for travel remains undiminished despite rising airfares. Ticket prices have already increased, but—for now, at least—people are not cutting back on trips abroad....
https://knews.kathimerini.com.cy/en/news/energy-prices-jump-21-in-september-putting-households-under-pressure
Energy prices in Cyprus rose 21% in September compared with a year earlier, putting pressure on household budgets as inflation on the island outpaced the euro-area average....
https://knews.kathimerini.com.cy/en/business/eurobank-profits-climb-as-cyprus-delivers-nearly-a-third-of-earnings
Eurobank’s profits rose in the first nine months of 2026, with Cyprus providing nearly a third of the group’s adjusted earnings, even though profits from its operations on the island fell slightly....
https://knews.kathimerini.com.cy/en/news/even-coffee-is-taking-a-bigger-bite-out-of-cyprus-budgets
A cup of coffee is becoming an increasingly costly habit for consumers in Cyprus, with prices for both traditional Cypriot and instant coffee climbing over the past year....
https://knews.kathimerini.com.cy/en/news/lagarde-to-leave-ecb-early-opening-race-for-europe-s-top-banking-job
Christine Lagarde will step down as European Central Bank president on Feb. 7, 2027, leaving months before her term ends and setting off the search for a successor at the helm of the eurozone’s central bank....
https://knews.kathimerini.com.cy/en/comment/opinion/who-wants-to-run-a-business-in-cyprus-anymore
Between armed conflicts, geopolitical developments, a prolonged energy crisis and constant shifts in the global economy, running a business in Cyprus is becoming increasingly difficult....
https://knews.kathimerini.com.cy/en/business/is-limassol-becoming-too-expensive-for-business
Limassol’s cost-of-living pressures appear to be reaching a breaking point, extending beyond households and residents to the business community....
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/business/trouble-in-the-financial-shadows-is-cyprus-ready
When inflation began to run out of control in the 1970s, a provision of the Glass-Steagall framework, then approaching its 40th anniversary, began to make its presence felt in the markets....
https://knews.kathimerini.com.cy/en/news/cyprus-income-gap-widens-as-eu-inequality-edges-down
Income inequality widened in Cyprus in 2025, moving in the opposite direction from the European Union as a whole, according to figures released Friday by Eurostat....
https://knews.kathimerini.com.cy/en/news/scholarship-foundation-still-clearing-2019-applications
The Cyprus State Scholarship Foundation continues to process applications that date back to 2019, according to its president, while facing staff shortages and missing resources following the transfer of responsibilities from the abolished Independent Social Support Body....
https://knews.kathimerini.com.cy/en/news/the-fuel-market-paradox-why-is-paphos-the-most-expensive
The complexity and deep distortions of Cyprus’ fuel market become clearest when we shift our focus from the national picture to the differences between districts....
https://knews.kathimerini.com.cy/en/news/the-illusion-of-cheap-fuel
The political paradox is that the state funds a public transport system that has failed to become a sufficiently reliable alternative for much of the population....
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/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/news/cheaper-energy-bills-need-better-infrastructure-keravnos-says
Finance Minister Makis Keravnos stressed the need for the Finance Ministry to assess the Great Sea Interconnector’s (GSI) feasibility study, while acknowledging the project’s geopolitical importance, during his presentation of the 2027 state budget to Parliament....
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/comment/opinion/when-economic-reality-collides-with-political-reality
The electoral cycle, with societies becoming increasingly polarized and divided, makes the situation even more difficult. Entrenched special interests, and their influence over political decisions, make difficult choices even harder to implement....
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/cost-of-living-squeeze-shows-no-sign-of-slowing
Consumers will face a heavy burden in the coming months, as a new wave of price increases is expected to add to the already high cost of essential goods, putting even greater pressure on household budgets....
