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/what-could-change-for-your-pensions-with-the-new-reform
The finishing touches are being put on the pension reform bill today. Labour Minister Marinos Mousiouttas is presenting the proposed measures to Finance Minister Makis Keravnos, with the aim of securing final approval and assessing their impact on public finances....
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/traditional-banks-are-funding-more-shadow-loans
While lending increasingly grows in a demanding environment with geopolitical developments affecting the region and by extension Cyprus, the boundaries between traditional and shadow banking are becoming more and more blurred....
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/video-of-tragic-limassol-shooting-shared-online-as-police-officer-s-gambling-debts-surface
A graphic mobile phone video showing the immediate aftermath of Tuesday’s domestic shooting in Limassol is being widely circulated on messaging apps, causing distress to the victim's family and complicating the ongoing police investigation....
https://knews.kathimerini.com.cy/en/news/when-the-numbers-look-good-but-life-doesn-t-feel-it
Cyprus has been recording economic growth rates in recent years that would make even some of Europe’s strongest economies take notice....
https://knews.kathimerini.com.cy/en/news/ecb-warns-cyprus-foreclosure-changes-could-backfire-on-economy-and-borrowers
On May 18, 2026, the European Central Bank (ECB) received a request from Cyprus’ Finance Ministry to provide an opinion on legislation passed by Parliament that amends the country’s foreclosure framework. ...
https://knews.kathimerini.com.cy/en/business/after-the-mafia-state-report-attention-turns-to-investor-confidence
The findings of the investigation into Mafia State, which identified potential criminal offenses involving 15 individuals and legal entities, are expected to have an immediate effect on public confidence and Cyprus’s reputation abroad....
https://knews.kathimerini.com.cy/en/news/cyprus-shows-strong-growth-and-falling-debt-but-warning-signs-remain
Cyprus’ economy is continuing to grow strongly, with falling debt and a stabilizing financial system, but new risks linked to regional instability and long-term structural challenges are still hanging over the country, according to a new European report....
https://knews.kathimerini.com.cy/en/news/cyprus-tells-europe-our-banks-are-stronger-than-ever
With the aim of improving Cyprus’ image as an international financial center and showcasing the progress made in the banking sector as well as the wider economy, representatives of Cypriot banks traveled to Brussels. ...
https://knews.kathimerini.com.cy/en/news/cyprus-moves-closer-to-schengen-entry-by-end-of-2026-or-early-2027
Cyprus could be only a few months away from joining Europe’s Schengen Area, with President Nikos Christodoulides saying the process is moving forward and a political decision is expected in late 2026 or early 2027....
https://knews.kathimerini.com.cy/en/comment/opinion/a-new-wave-of-european-instability
Eleven countries are running deficits above 3%, with Romania, Poland, Belgium and France posting the weakest figures. Cyprus, Denmark, Ireland, Greece and Portugal remain among the surplus countries....
https://knews.kathimerini.com.cy/en/news/imf-warns-cyprus-against-costly-energy-measures-and-foreclosure-delays
The International Monetary Fund (IMF) has issued clear warnings and observations about the Cypriot economy following the conclusion of its mission to the country, which took place from the last 10 days of April through early May.
...
https://knews.kathimerini.com.cy/en/news/europe-debates-energy-aid-as-families-fear-new-spike-in-bills
As tensions linked to the conflict in Iran continue to shake global energy markets, European finance ministers gathered in Brussels on Monday facing a question many Cypriots already know too well: how do you help people cope with rising costs without blowing a hole in state finances?...
https://knews.kathimerini.com.cy/en/news/finance-ministry-reopens-‘mortgage-to-rent-scheme-for-vulnerable-homeowners
A new window is reopening for Cyprus’ “Mortgage to Rent” scheme, with the Finance Ministry announcing that applications will once again be accepted for vulnerable borrowers struggling with non-performing loans tied to their primary homes....
https://knews.kathimerini.com.cy/en/news/cyprus-government-offers-72-month-tax-debt-plan-as-billions-in-old-debts-loom
The government is rolling out a new 72-installment plan to help individuals and businesses settle long-standing debts to the tax office and social security funds, in one of its biggest debt restructuring moves in years....
https://knews.kathimerini.com.cy/en/news/no-more-borrowing-from-pension-fund-government-says
A long-standing distortion in Cyprus’ social insurance fund is finally being addressed as the government moves to ''freeze'' its growing debt to the fund and shift its investment strategy to an independent authority....
https://knews.kathimerini.com.cy/en/comment/opinion/why-are-cyprus-biggest-projects-always-delayed
Cyprus is struggling with long and costly delays in major infrastructure projects, with some of the country’s most high-profile developments still stuck in limbo....
https://knews.kathimerini.com.cy/en/news/president-approves-part-of-foreclosure-reforms-sends-rest-back-for-changes
Cyprus’ long-running effort to reform its foreclosure system has taken a sharp turn, with President Nikos Christodoulides approving only three out of 12 new laws passed by parliament....
https://knews.kathimerini.com.cy/en/business/most-households-in-cyprus-say-they-re-struggling-to-get-by
A large majority of households in Cyprus are dealing with financial strain, according to a 2026 consumer behavior survey....
https://knews.kathimerini.com.cy/en/news/cyprus-legal-service-exposed-over-€26-million-in-uncollected-court-debts
A newly released audit of Cyprus’s Legal Service for 2023–2024 describes serious inefficiencies in how court-awarded fines and costs are handled, with tens of millions of euros remaining unpaid and systemic weaknesses affecting oversight and enforcement....
https://knews.kathimerini.com.cy/en/news/owe-social-insurance-new-repayment-plan-could-offer-thousands-a-financial-lifeline
Thousands of workers, freelancers and small business owners struggling with unpaid social insurance contributions could soon get a second chance to settle their debts, without immediate legal consequences....
https://knews.kathimerini.com.cy/en/news/cyprus-urged-to-prepare-for-economic-fallout-from-iran-tensions
Cyprus may soon start feeling the economic fallout from rising tensions involving Iran, with the country’s Fiscal Council warning that global developments could translate into higher prices and fresh pressure on households and businesses at home....
https://knews.kathimerini.com.cy/en/business/cypriot-banks-see-profits-tumble-in-2025
Cypriot banks saw their profits shrink in 2025 compared with the previous year, largely due to a smaller contribution from net interest income....
https://knews.kathimerini.com.cy/en/business/cyprus-executes-most-of-2025-budget-as-revenues-trail-borrowing-drop
Cyprus carried out most of its 2025 state budget as planned, according to a Treasury report released Tuesday. The government collected about 87% of the revenue it had budgeted and spent roughly 92% of what it had planned....
https://knews.kathimerini.com.cy/en/news/16-years-for-one-case-audit-exposes-shocking-delays-in-land-department
Serious systemic problems are undermining how state land is managed and how property rights are protected, according to a new special report by the Audit Office of Cyprus examining the Department of Lands and Surveys....
https://knews.kathimerini.com.cy/en/comment/opinion/when-your-salary-lasts-for-only-18-days
In 1984, with Margaret Thatcher as British prime minister, a newly elected Tory MP, Matthew Parris, conducted a Thatcherite-inspired experiment....
https://knews.kathimerini.com.cy/en/business/cyprus-s-credit-rating-boosted-as-public-debt-drops-and-economy-strengthens
Cyprus’s long-term sovereign credit rating has been upgraded by Scope Ratings to A from A-, with a stable outlook, reflecting sharp falls in public debt, ongoing budget surpluses, and a stronger banking sector....
https://knews.kathimerini.com.cy/en/news/cyprus-faces-€4-4m-yearly-interest-from-eu-loan-to-ukraine
Cyprus is expected to contribute roughly €4.4 million annually toward servicing the €90 billion loan the EU plans to raise on the markets to support Ukraine in the coming years, according to sources from Kathimerini....
