https://knews.kathimerini.com.cy/en/news/ecb-rate-hike-to-add-€147m-to-greek-banks-as-profits-rise-from-widening-loan-deposit-gap
The European Central Bank’s latest interest rate increase, its first since 2023, is expected to boost bank profitability across the eurozone, including Cyprus, by widening the gap between what banks earn from loans and what they pay out to savers....
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/business/more-interest-rate-hikes-on-the-way-hitting-cypriot-borrowers-again
The last time the European Central Bank (ECB) raised interest rates was on September 20, 2023. But all signs suggest that another increase could be coming as early as next week....
https://knews.kathimerini.com.cy/en/business/cyprus-hotels-brace-for-tough-summer-as-middle-east-tensions-hit-tourism
A difficult summer season is shaping up for Cyprus’ hotel industry, as uncertainty caused by the geopolitical turmoil in the Middle East is dampening people’s appetite for travel and holidays....
https://knews.kathimerini.com.cy/en/business/brace-for-another-interest-rate-hike-in-june-cyprus-central-banker-warns
Cyprus’ central bank chief has left the door open to another possible interest rate move by the European Central Bank next month, warning that rising energy uncertainty and geopolitical tensions are once again putting pressure on prices....
https://knews.kathimerini.com.cy/en/business/eurobank-cyprus-earnings-take-a-hit-despite-€103-million-quarterly-profit
Eurobank reported a profit of €103 million in Cyprus during the first three months of 2026, even as earnings on the island fell compared to last year amid lower European interest rates and growing international uncertainty....
https://knews.kathimerini.com.cy/en/news/church-of-cyprus-rejects-‘high-interest-loan-claims-in-paphos-case
The Audit Department of the Church of Cyprus has rejected allegations about the financial management of the Metropolis of Paphos, describing them as false and damaging....
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/watch-your-interest-rates-cbc-sets-legal-limit-at-11-72
The Central Bank of Cyprus has set the country’s reference interest rate at 11.72%, drawing a clear legal line for what counts as excessive and illegal lending....
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/news/limassol-building-collapse-exposes-longstanding-building-safety-risks
A recent building collapse in Limassol that killed two people and injured three others has brought renewed attention to the dangers posed by aging and poorly maintained buildings....
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/health-insurance-organization-overpaid-€150-million-in-duplicate-claims
An extraordinary case involving tens of millions of euros being drained from the HIO fund has been brought to light by “K.” At a time when middle- and low-income households are struggling with rising costs and widening inequality, which carries serious social consequences, officials within the HIO appear to have wasted vast sums of money. ...
https://knews.kathimerini.com.cy/en/news/government-weighs-return-of-mortgage-to-rent-scheme-to-help-homeowners-avoid-foreclosure
As debate continues over changes to foreclosure laws and Parliament races to pass legislation that will reshape the framework, the Mortgage to Rent scheme has once again come into focus....
https://knews.kathimerini.com.cy/en/news/government-considers-reopening-housing-relief-scheme
The government is considering reopening the “Rent in Exchange for Installment” housing scheme for a limited period of a few months, as pressure grows to address ongoing foreclosure issues affecting borrowers....
https://knews.kathimerini.com.cy/en/business/alpha-bank-cyprus-fined-€160-000-over-unfair-mortgage-loan-clauses
Cyprus’ Consumer Protection Service (CPS) has imposed a €160,000 administrative fine on Alpha Bank Cyprus Ltd after determining that certain clauses in its mortgage loan agreements with consumers were unfair and insufficiently transparent....
https://knews.kathimerini.com.cy/en/news/foot-and-mouth-crisis-deepens-and-questions-mount-over-early-response
A week into Cyprus’ foot-and-mouth disease crisis, frustration is rising, and so are the questions....
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/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....
https://knews.kathimerini.com.cy/en/news/cyprus-scrambles-to-get-back-€67-million-eu-cash-for-stalled-lng-project
Cyprus is taking steps to recover €67 million in European Union funding for the long-delayed liquefied natural gas (LNG) terminal in Vasilikos, Energy Minister Michalis Damianou told lawmakers Tuesday....
https://knews.kathimerini.com.cy/en/news/testimony-sparks-major-developments-in-case-involving-paphos-mayor
A lengthy statement given by the woman described as the alleged victim appears to have marked a turning point in a highly serious case that has been unfolding in public view over recent days....
https://knews.kathimerini.com.cy/en/business/after-a-year-of-silence-cyprus-returns-to-the-markets-for-€1bn
Cyprus wasted no time in making its way back to the financial markets this year, setting its sights on raising around €1 billion through a 10-year government bond. ...
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-to-boost-wages-for-nearly-half-the-workforce-amid-rising-costs
Cyprus is set to spend more next year, with the 2026 budget estimating total expenditures, including loan repayments, interest, and investments, at €13.7 billion, up from €12.9 billion in 2025. Personnel costs, including pensions and gratuities, are expected to rise by roughly 4.2%, reaching €3.7 billion....
https://knews.kathimerini.com.cy/en/business/wolt-loans-nearly-€2-million-to-cypriot-small-and-medium-enterprises
Wolt, the platform connecting consumers, local businesses, and delivery partners, has lent nearly €2 million to small and medium-sized enterprises (SMEs) in Cyprus.
...
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-scoops-11-awards-in-global-finance-s-2025-digital-bank-rankings
Bank of Cyprus wins 11 awards, including 2 regional awards, in Global Finance’s 2025 World’s Best Digital Bank Awards
...
https://knews.kathimerini.com.cy/en/news/limassol-shooting-linked-to-loan-sharking-suspect-in-custody
Police have arrested a 43-year-old man in connection with a shooting at a company’s offices in Limassol early Tuesday, a case authorities say stems from loan sharking....
https://knews.kathimerini.com.cy/en/business/cyprus-state-payroll-to-rise-€153-million-in-2026-budget
Cyprus’ state payroll is set to climb again in 2026, with government spending on personnel projected to rise by €153 million despite efforts to rein in hiring....
