https://knews.kathimerini.com.cy/en/news/electrical-appliances-worth-tens-of-thousands-of-euros-damaged-in-paliometocho-after-power-surge
Electrical appliances worth tens of thousands of euros were damaged in the village of Paliometocho after an incorrect voltage was supplied through the Electricity Authority of Cyprus (EAC) network, according to the president of the Cyprus Association of Electrical Contractors....
https://knews.kathimerini.com.cy/en/news/cyprus-tax-reform-2026-what-changed-and-what-stayed-the-same
On 22 December 2025, the House of Representatives approved a wide-ranging tax reform package, with most measures taking effect from 1 January 2026. It is not an incremental adjustment....
https://knews.kathimerini.com.cy/en/business/when-rent-costs-as-much-as-a-mortgage-cypriots-turn-to-buying
Rents in Cyprus have risen to levels comparable with monthly mortgage payments, prompting more people to buy homes rather than rent, even when rent subsidies are available, Interior Minister Konstantinos Ioannou said....
https://knews.kathimerini.com.cy/en/business/cyprus-weathers-global-turbulence-as-economic-growth-and-reforms-hold-firm-in-2025
Cyprus entered 2025 with strong economic momentum, building on real GDP growth of 3.4% in 2024. ...
https://knews.kathimerini.com.cy/en/business/government-moves-to-protect-low-income-pensioners-from-benefit-losses
The government has decided to shield low-income pensioners from losing benefits as a result of upcoming pension increases, a move expected to support around 24,000 households....
https://knews.kathimerini.com.cy/en/business/cyprus-defies-europe-s-housing-crisis-with-spacious-homes-and-low-costs
Cyprus ranks at, or near, the extremes of several key housing indicators, often outperforming the EU average and even many comparable Mediterranean countries....
https://knews.kathimerini.com.cy/en/news/more-tax-relief-for-families-tougher-rules-for-everyone-else
From January 1, 2026, Cyprus will officially turn the page on how it taxes income and businesses....
https://knews.kathimerini.com.cy/en/news/one-in-three-cypriots-struggles-on-low-income
Nearly one in three people in Cyprus is living on a low income, and about one in seven is at risk of poverty, according to new figures released Monday by the Statistical Service....
https://knews.kathimerini.com.cy/en/news/cyprus-pays-drivers-stuck-with-faulty-airbags-€100-per-week-for-waiting
The Cypriot government has handed out one-time payments to drivers whose cars were grounded because of faulty airbags, a move aimed at easing frustration and financial strain caused by a nationwide vehicle recall....
https://knews.kathimerini.com.cy/en/news/eu-backs-€90b-ukraine-loan-but-won-t-touch-frozen-russian-billions-yet
After nearly six hours of intense talks and many more behind the scenes, EU leaders walked away from a plan that sounded simple but proved legally explosive: using frozen Russian money to pay for Ukraine’s war effort....
https://knews.kathimerini.com.cy/en/news/€10-2-million-paid-to-drought-hit-farmers-in-cyprus
Cyprus paid out €10.2 million in compensation to farmers and producer groups hit by severe drought, the Agriculture Department announced, marking a major step in easing the financial strain caused by one of the driest periods in recent years....
https://knews.kathimerini.com.cy/en/news/who-pays-when-public-sector-wages-keep-rising
Public sector wages remain the uncomfortable truth behind Cyprus’ 2026 state budget, which is heading for a final vote in the House of Representatives on Wednesday and is widely expected to be approved....
https://knews.kathimerini.com.cy/en/news/cyprus-bank-workers-win-pay-boost-and-extra-leave-in-landmark-deal
Negotiations over the renewal of the 2023–2027 Collective Agreement between the Cyprus Banks Association (KESK) and the Cyprus Bank Employees’ Union (ETYK) have ended on a positive note, clearing the way for pay increases and improved benefits for bank employees....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-best-foreign-exchange-bank-in-cyprus-by-global-finance
The Bank of Cyprus has received another important international distinction, being named ''Best Foreign Exchange Bank in Cyprus'' at the annual Gordon Platt Foreign Exchange Awards – World’s Best Foreign Exchange Banks organized by the prestigious magazine Global Finance....
https://knews.kathimerini.com.cy/en/news/larnaca-firm-scammed-out-of-€111-370-in-sophisticated-online-fraud
A Larnaca-based firm has fallen victim to an online fraud scheme, resulting in a financial loss of €111,370, authorities confirmed....
https://knews.kathimerini.com.cy/en/news/audit-finds-glitch-overcharging-drivers-for-late-vehicle-renewals
A government audit has uncovered a glitch in the Transport Department’s fee system that has been quietly overcharging drivers who renew their vehicle registrations late....
https://knews.kathimerini.com.cy/en/news/the-card-that-lives-in-your-phone-–-and-shops-online
With the central message “The card that lives in your phone,” the new Virtual Card from Bank of Cyprus brings the online shopping experience to the heart of everyday life....
https://knews.kathimerini.com.cy/en/news/dangerous-drones-zero-defenses
Imagine a drone hovering over a power plant, a port, or even an airport without anyone noticing. That’s the risk Cyprus is facing, seven years after first trying to protect its critical infrastructure from unmanned aerial vehicles and still coming up empty-handed....
https://knews.kathimerini.com.cy/en/news/greek-farmers-block-highways-over-delayed-subsidies
Greek farmers have deployed more than 2,500 tractors to major highways, shutting key routes in the biggest agricultural protest in over a decade. What began as frustration over delayed EU subsidy payments has escalated into a standoff that could stretch into January....
https://knews.kathimerini.com.cy/en/news/europol-children-are-being-recruited-through-video-games-to-commit-murder
Europol has raised alarm about a growing trend in which minors are being manipulated into committing violent crimes across Europe....
https://knews.kathimerini.com.cy/en/business/revenue-slumps-budget-spending-trails-in-cyprus
By the end of October 2025, Cyprus had collected 65% of its planned state revenues, while government spending reached just 59% of the budget, according to the General Accounting Office....
https://knews.kathimerini.com.cy/en/business/cyprus-real-estate-embraces-cryptocurrency-payments
In Cyprus, property transactions are gradually moving beyond traditional cash payments. Increasingly, buyers and sellers are turning to cryptocurrencies, a trend that real estate professionals and legal experts say is growing....
https://knews.kathimerini.com.cy/en/business/cyprus-to-seal-deal-today-on-ata-payments
Cyprus is set to take a key step in labor relations with the signing of an agreement in principle on the Automatic Wage Adjustment (ATA), government officials announced Thursday....
https://knews.kathimerini.com.cy/en/business/€229-360-in-eu-funded-support-distributed-to-cypriot-wine-producers
The Cyprus Organization for Agricultural Payments (KOAP) has finalized payments totaling €229,359.60 to wine producers under the EPSA 1a intervention of the Common Agricultural Policy (CAP) Strategic Plan for 2023–2027, covering the 2025 financial year....
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/cyprus-at-the-heart-of-€300-million-global-fraud-bust
Cyprus played a surprising dual role in a major international cybercrime sting that exposed a global network behind one of the biggest online fraud schemes in recent years....
https://knews.kathimerini.com.cy/en/news/archdiocese-to-launch-baby-bonus-for-families-with-a-third-child
Cyprus’ Archdiocese is stepping in where the state has struggled by offering families a little financial push to have more children....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-opens-india-hub-to-attract-new-business
The Bank of Cyprus is setting up a special ''India Hub'' to help Indian businesses work with the bank and explore opportunities in Cyprus and Europe....
https://knews.kathimerini.com.cy/en/news/nicosia-s-new-kep-faces-long-delay-residents-to-trek-to-engomi-until-2026
The long-awaited Citizens Service Center (KEP) in the heart of Nicosia won’t be opening anytime soon. According to information obtained by K, the new facility, which was expected to make life easier for city residents, is now projected to open by the end of 2026....
https://knews.kathimerini.com.cy/en/news/limassol-s-new-local-authority-hailed-as-early-success-of-government-reform
Fifteen months after Cyprus rolled out its sweeping local government reform, Limassol’s new district authority is being held up as one of the early success stories....
