https://knews.kathimerini.com.cy/en/news/cyprus-state-sector-remains-large
The 2027 state budget, approved by the Cabinet this week, points to an effort to reduce the number of permanent public-sector positions. Even so, the state sector remains large....
https://knews.kathimerini.com.cy/en/news/budget-stays-in-surplus-as-war-and-rising-prices-squeeze-the-economy
The 2027 state budget will be presented to the Council of Ministers on Wednesday. It was prepared against a particularly challenging economic backdrop, just one week after the European Central Bank raised interest rates in an effort to contain inflationary pressures....
https://knews.kathimerini.com.cy/en/news/fuel-tax-cut-will-stay-but-oil-surge-threatens-to-swallow-the-saving
The government has stopped one petrol-price increase from reaching Cyprus drivers, but the international oil market may be preparing another....
https://knews.kathimerini.com.cy/en/news/ecb-raises-rates-again-as-cyprus-households-face-costlier-loans
If higher supermarket bills, electricity costs and petrol prices were not enough, some Cyprus households could now face another demand on their monthly budget: a more expensive loan....
https://knews.kathimerini.com.cy/en/news/another-interest-rate-rise-is-coming-what-it-means-for-cyprus-mortgages
Cyprus homeowners could soon see another increase in their monthly mortgage payments, with the European Central Bank widely expected to raise interest rates on Thursday....
https://knews.kathimerini.com.cy/en/business/keravnos-big-companies-are-not-leaving-cyprus-over-15-tax-rule
Big companies are not packing their bags and leaving Cyprus because of the new global minimum tax, Finance Minister Makis Keravnos said Thursday, dismissing reports of a corporate exodus as speculation driven by ''individual voices.''...
https://knews.kathimerini.com.cy/en/news/cyprus-spends-big-on-education-but-students-keep-falling-behind-europe
Cyprus is one of the European Union’s most generous education spenders. In 2024 it devoted 13.2 per cent of total public expenditure to education, the fifth-highest share in the bloc and well above the EU average of 9.7 per cent. ...
https://knews.kathimerini.com.cy/en/news/mortgage-relief-may-have-to-wait-as-ecb-official-calls-for-higher-rates
Anyone in Cyprus waiting for mortgage payments to come down may have to wait a little longer....
https://knews.kathimerini.com.cy/en/news/marinos-mousiouttas-fairness-for-today-s-retirees-security-for-tomorrow-s-pensioners
Labour and Social Insurance Minister Marinos Mousiouttas explains the government’s proposed pension reform to Kathimerini....
https://knews.kathimerini.com.cy/en/news/new-home-sales-tumble-as-buyers-look-below-€300-000
Cyprus’ property market lost considerable ground in the second quarter of the year, with recorded sales of new-build apartments and houses falling by 42.2% and their total value dropping by 46.6%....
https://knews.kathimerini.com.cy/en/news/cyprus-records-higher-daily-tobacco-use-than-eu-average
More than one in five people aged 16 and over in Cyprus used tobacco or related nicotine products every day in 2025, according to figures released by Eurostat....
https://knews.kathimerini.com.cy/en/business/financial-instability-in-the-occupied-area-threatens-future-reunification-plans
Up until now, all parties, including the Greek Cypriot side, have operated under the assumption that they don't need to tackle the fiscal viability of the successor state in the occupied area. That mindset is dangerous, especially when the necessary fixes aren't actually out of reach, so long as someone takes action....
https://knews.kathimerini.com.cy/en/news/government-municipality-funding-battle-shows-no-sign-of-ending
The dispute between the government and the Union of Municipalities over state funding for local authorities shows no sign of ending. ...
https://knews.kathimerini.com.cy/en/news/the-€150-000-education-bill-the-rising-cost-of-sending-a-child-to-private-school-in-cyprus
Inflationary pressures caused by geopolitical developments affecting the region have not spared Cyprus’ private education sector....
https://knews.kathimerini.com.cy/en/business/cyprus-records-eu-s-second-largest-annual-drop-in-public-debt
Cyprus recorded the second-largest annual reduction in government debt among European Union member states during the first quarter of 2026, according to figures released by Eurostat on Tuesday....
https://knews.kathimerini.com.cy/en/business/esm-report-says-cyprus-and-greece-are-the-only-eurozone-countries-expected-to-reduce-debt-through-2035
About half of the euro area countries, including the five member states that received assistance from the European Stability Mechanism (ESM), among them Cyprus, succeeded in reducing public debt and cutting deficits after the pandemic, thanks to the steady economic recovery and growing tax revenues....
https://knews.kathimerini.com.cy/en/news/frustration-mounts-as-high-definition-tv-upgrade-cuts-off-local-channels
A major upgrade to the national television broadcasting system has left thousands of households across Cyprus facing blank screens and locked out of major networks....
https://knews.kathimerini.com.cy/en/business/licensing-chaos-in-tourism-55-of-accommodations-without-a-license
The issue of licensing Cyprus hotels, which is a long-standing problem, casts shadows over the legality and credibility of the Cypriot tourism product, as it poses risks related to the country's reputation and visitor safety, as the Audit Office points out in a report....
https://knews.kathimerini.com.cy/en/news/drug-use-rising-among-children-as-young-as-14-in-cyprus-experts-warn
Drug and behavioral addictions are rising in Cyprus, with more young people experimenting with substances and entering treatment programs at increasingly early ages, according to a leading addiction expert....
https://knews.kathimerini.com.cy/en/business/ceasefire-boosts-economic-outlook-but-inflation-remains-a-concern
The ceasefire has not eliminated the economic risks stemming from the conflict involving the United States, Israel, and Iran. However, there are growing signs that economic conditions may gradually return to their pre-war state....
https://knews.kathimerini.com.cy/en/news/ecb-raises-interest-rates-as-expected
Cypriot households with mortgages and loans may soon feel additional pressure on their monthly budgets after the European Central Bank (ECB) decided to raise interest rates by 0.25 percentage points, marking its first rate increase since September 2023....
https://knews.kathimerini.com.cy/en/business/ecb-set-for-two-rate-hikes-this-year-what-it-means-for-cypriots
The war in Iran may be happening hundreds of kilometers away, but for many people in Cyprus, its effects could soon be felt much closer to home, in their electricity bills, supermarket receipts, and even their mortgage payments....
https://knews.kathimerini.com.cy/en/news/cyprus-voters-choose-stability-over-disruption
For months, Cyprus looked ready to punish the political establishment again....
https://knews.kathimerini.com.cy/en/news/disy-celebrates-surprise-victory-as-demetriou-strengthens-grip-on-party
A victory far beyond what even the party’s biggest optimists had expected emerged when the ballot boxes opened, or, as late former President Glafcos Clerides famously used to say, when ''the tin was opened,'' for Democratic Rally (DISY)....
https://knews.kathimerini.com.cy/en/news/cyprus-defies-europe-s-population-decline-as-ageing-crisis-accelerates-across-eu
Cyprus is expected to become one of the few European Union countries with a larger population by the end of the century, even as Europe as a whole faces long-term decline and rapid ageing. ...
https://knews.kathimerini.com.cy/en/news/who-will-hold-the-power-after-sunday-s-may-24-parliamentary-elections
The parliamentary elections on May 24 are, by all indications, set to be the vote that reshapes Cyprus’ political map as it has been known for decades....
https://knews.kathimerini.com.cy/en/business/halloumi-recipe-changed-as-effects-of-foot-and-mouth-hit-milk-supply
Cyprus’ most famous cheese is once again at the center of a growing crisis after the government announced it will temporarily reduce the amount of goat and sheep milk required in halloumi production because of the ongoing foot-and-mouth disease outbreak....
https://knews.kathimerini.com.cy/en/comment/opinion/an-election-campaign-with-substance
Last week, nominations were officially submitted for the parliamentary elections taking place exactly two weeks from today. It confirmed the surge in participation that had already become impossible to miss across Cyprus in recent months, where it seemed like every neighborhood suddenly had its own candidate...
https://knews.kathimerini.com.cy/en/news/fewer-children-in-cyprus-face-poverty-but-hardship-remains-unevenly-spread
Cyprus has recorded a reduction in the number of children facing poverty or social exclusion over the past several years, though major social and economic gaps remain, according to a recent European Commission assessment....
https://knews.kathimerini.com.cy/en/comment/opinion/the-top-spot-is-not-what-s-at-stake
We are in the final stretch before the parliamentary elections on May 24. In just the first four months of 2026, we have already lived through everything....
