https://knews.kathimerini.com.cy/en/business/boc-eyes-bigger-role-in-your-financial-future
Beyond its moves into the insurance sector, Bank of Cyprus is actively exploring additional ways to increase the bank’s overall value. ...
https://knews.kathimerini.com.cy/en/news/pensioners-union-criticizes-labour-ministry-for-ignoring-pensioners-financial-struggle
The Union of Cypriot Pensioners (EKYSY) has criticized the Ministry of Labour for rejecting its request to advance May pension payments, citing concerns over the financial strain caused by a prolonged gap between payments....
https://knews.kathimerini.com.cy/en/news/lifesaving-help-at-the-push-of-a-button-for-vulnerable-seniors
Elderly people living alone or far from their families will soon have access to round-the-clock emergency help and emotional support,...
https://knews.kathimerini.com.cy/en/comment/opinion/the-quiet-city-turning-into-cyprus-new-investment-hotspot
A new skyline is rising in Larnaca, complete with modern high-rises and upscale mixed-use developments....
https://knews.kathimerini.com.cy/en/business/new-15-tax-hits-hellenic-hard-as-profits-drop-by-half
Hellenic Bank has just become the poster child for how Cyprus’ new 15% minimum tax law is starting to shake up the financial sector — and it’s not just about tax bills....
https://knews.kathimerini.com.cy/en/news/cypriots-worry-ai-threatens-artists-livelihoods-eurobarometer-survey-finds
A majority of Cypriots are concerned that artificial intelligence could harm the livelihoods of artists, according to a Eurobarometer survey published Thursday, reflecting wider European unease about the role of AI in the cultural sector....
https://knews.kathimerini.com.cy/en/news/surprise-surprise-cyprus-near-the-top-again-in-eu-electricity-costs
Cyprus had the second highest electricity prices in the European Union relative to consumer purchasing power in the second half of 2024, according to new data from Eurostat, the EU’s statistical agency....
https://knews.kathimerini.com.cy/en/business/moody-s-upgrades-bank-of-cyprus-to-a3
Moody’s Investors Service has upgraded Bank of Cyprus’ long-term deposit rating to A3 from Baa1 and revised its outlook to stable....
https://knews.kathimerini.com.cy/en/news/weighting-for-change-cyprus-feels-the-heavy-burden-of-obesity
Obesity in Cyprus has reached 16.9% of the population, according to the country’s first National Nutrition Survey, released Friday by the Research and Education Institute “Health of the Child.” ...
https://knews.kathimerini.com.cy/en/comment/opinion/is-development-finance-the-key-to-fixing-london-s-housing-crisis
London’s housing crisis is certainly nothing new, but its consequences are becoming increasingly harder to ignore....
https://knews.kathimerini.com.cy/en/news/more-people-can-now-apply-for-affordable-housing-help
Good news if you’ve been struggling to qualify for affordable housing: the government just made it easier to apply....
https://knews.kathimerini.com.cy/en/news/rents-keep-climbing-but-house-prices-aren-t-going-anywhere
If you’re renting in Cyprus, you’re not imagining it; it really is getting more expensive year after year. New figures from Eurostat confirm that rents on the island jumped by 4.6% in 2024 compared to the previous year, continuing a steady upward trend that’s been going on since 2017....
https://knews.kathimerini.com.cy/en/news/grants-up-to-€35-000-for-renovating-empty-homes-–-with-a-catch
The Ministry of Interior has officially launched the ''Renovate-Rent'' Scheme, opening the door for property owners to receive grants of up to €35,000 to fix up vacant homes — as long as they rent them out affordably....
https://knews.kathimerini.com.cy/en/news/cyprus-bets-on-students-to-revitalize-old-nicosia-but-at-what-cost
Once overshadowed by controversy over unregistered universities—a scandal that drew scrutiny from Brussels—Cyprus has quietly reinvented itself as a rising destination for students across Europe. ...
https://knews.kathimerini.com.cy/en/news/trump-moves-to-dismantle-the-department-of-education
President Donald Trump has signed an executive order to begin dismantling the U.S. Department of Education, fulfilling a long-standing campaign promise....
https://knews.kathimerini.com.cy/en/news/cyprus-government-unveils-plans-to-tackle-housing-crisis
Cypriots struggling with the growing housing crisis can breathe a little easier, thanks to new government measures aimed at making homes more affordable and accessible....
https://knews.kathimerini.com.cy/en/news/who-s-really-raking-it-in-a-peek-at-cyprus-government-salaries
The latest update from the General Accounting Office of the Republic has revealed the salaries of Cyprus’s state officials, effective from January 1, 2025....
https://knews.kathimerini.com.cy/en/news/ecb-cuts-interest-rates-by-25-basis-points-as-inflation-eases
The European Central Bank (ECB) announced on Thursday a fresh interest rate cut, lowering its three key rates by 25 basis points in a bid to support the eurozone economy as inflation gradually eases....
https://knews.kathimerini.com.cy/en/news/cyprus-tax-reform-bold-overhaul-aims-to-boost-economy-but-sparks-debate
Cyprus is preparing to implement its first major tax reform in over two decades, aiming to modernize the tax system, boost competitiveness, and align with international standards....
https://knews.kathimerini.com.cy/en/news/calls-for-action-against-energy-poverty-amid-tragic-deaths
Political parties are urging immediate action against energy poverty following a series of fatal fires caused by unsafe heating conditions....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-cancels-plan-to-sell-jcc-payment-systems
The process for the sale of JCC Payment Systems has been halted, bringing an end to the deal between JCC and Euronet that had been under consideration since the summer of 2024....
https://knews.kathimerini.com.cy/en/business/government-announces-minimum-wage-increase-for-hotel-workers
President Nikos Christodoulides highlighted key economic and labor policy decisions today during a Council of Ministers meeting at the Presidential Palace, emphasizing efforts to boost employment and attract Cypriot professionals back home....
https://knews.kathimerini.com.cy/en/news/struggling-families-at-risk-of-losing-homes-on-government-granted-land
Low-income households that received state-owned land to build their first homes now face the real threat of losing their properties to lenders, according to a damning report by the Audit Office of the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/news/usaid-shutdown-leaves-cyprus-based-employees-in-uncertainty
The Trump administration’s abrupt decision to shut down the U.S. Agency for International Development (USAID) has left many of its global employees, including those stationed in Cyprus, in limbo....
https://knews.kathimerini.com.cy/en/news/audit-office-wants-big-changes-to-land-program-for-low-income-families
The Audit Office has called for a major revision of the Land Allocation Plan for low-income families....
https://knews.kathimerini.com.cy/en/news/cyprus-moves-to-ease-car-recall-chaos-with-rental-cars-and-free-bus-passes
The government is stepping in to help drivers impacted by the Takata airbag recall by arranging discounted rental cars and free public transport passes for those whose vehicles have been immobilized....
https://knews.kathimerini.com.cy/en/news/cyprus-tax-reform-aiming-for-innovation-sustainability-and-simplicity
A major tax reform is underway in Cyprus as part of the Tax Transformation Project, led by the Centre for Economic Research (CER) at the University of Cyprus. ...
https://knews.kathimerini.com.cy/en/comment/opinion/it-was-a-low-bar
The Housing Grant Scheme for young couples and individuals up to 41 years of age was launched on 31 October 2024, with a target of 400 beneficiary applications and a total budget of €15 million. ...
https://knews.kathimerini.com.cy/en/business/new-lending-boosted-by-interest-rates-and-government-plans
A favorable landscape for Cypriot borrowers is taking shape in 2025, laying the groundwork for a strong year in new lending....
https://knews.kathimerini.com.cy/en/comment/opinion/2025-a-new-chapter-for-cyprus-s-property-market
2024 was both literally and figuratively a leap year. Metaphorically speaking, we anticipated this shift a year ago as we reflected on 2023 and made our predictions for the year ahead....
