https://knews.kathimerini.com.cy/en/news/nicosia-offers-up-to-€150-000-for-voluntary-early-retirement
Nicosia Municipality has announced a voluntary early retirement scheme aimed at reducing its fixed costs. The scheme allows for the departure of up to 25 employees, covering both permanent staff and those on indefinite-term contracts....
https://knews.kathimerini.com.cy/en/news/cyprus-proves-a-lucrative-market-for-banks
Cyprus remains a strong source of bank profits, with two of the three banks whose parent companies are based in Greece reporting impressive results. ...
https://knews.kathimerini.com.cy/en/business/cyprus-wants-companies-that-bring-more-than-a-registered-address
Attracting companies to Cyprus is one thing. Making sure they actually do business here and contribute to the economy is another....
https://knews.kathimerini.com.cy/en/news/heading-to-london-oxford-street-now-belongs-to-pedestrians
If your London shopping routine involves stepping off a bus on Oxford Street or hailing a black cab once the bags become too heavy, it is time to rethink the route....
https://knews.kathimerini.com.cy/en/news/state-saves-€20-million-a-year-on-new-hires-starting-pay
The state saves €20.1 million annually by reducing entry-level pay scales for new civil service hires by 10%. The Finance Ministry has no intention of abolishing or revising the measure, which applies for 24 months....
https://knews.kathimerini.com.cy/en/news/retire-at-63-the-pension-penalty-remains-a-sticking-point
The government has signaled a willingness to compromise on pension reform, revising its draft bill with three changes that offer concessions to unions and employers....
https://knews.kathimerini.com.cy/en/news/the-fuel-market-paradox-why-is-paphos-the-most-expensive
The complexity and deep distortions of Cyprus’ fuel market become clearest when we shift our focus from the national picture to the differences between districts....
https://knews.kathimerini.com.cy/en/news/bank-staff-offered-bigger-payouts-to-leave-due-to-inflation
Inflation and the cost of living are undoubtedly on the rise, but payouts to bank employees taking voluntary retirement appear to be cushioning much of the impact....
https://knews.kathimerini.com.cy/en/news/up-to-€32-000-to-make-your-home-cheaper-to-heat-and-cool
If your home struggles to stay cool in summer and warm in winter, a new grant scheme could help cover improvements that reduce the energy it needs and potentially bring down the bills....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus–cdbbank-deal-nears-completion-after-staff-exit-scheme
Bank of Cyprus’ acquisition of cdbBank is on course for a successful conclusion after cdbBank met a key condition of the agreement: implementing a voluntary retirement scheme (VRS)....
https://knews.kathimerini.com.cy/en/news/bbc-deloitte-cyprus-helped-falsify-records-to-hide-abramovich-s-wealth
Deloitte Cyprus helped falsify documents to conceal Roman Abramovich’s wealth and appears to have advised on a scheme that allowed one of his companies to evade millions in Cypriot taxes, according to a joint investigation by BBC Panorama and the Bureau of Investigative Journalism....
https://knews.kathimerini.com.cy/en/news/932-requests-approved-for-ghs-treatment-abroad-in-first-year
When the treatment a patient needs cannot be provided in Cyprus in time, getting help abroad can become a race against the clock....
https://knews.kathimerini.com.cy/en/news/€1-000-baby-essentials-package-and-home-support-for-new-parents
Bringing a baby home comes with plenty of joy—and a shopping list that can put a serious dent in the family budget. For eligible parents in Cyprus, a newly approved scheme will offer €1,000 worth of baby essentials, alongside support at home during the first year....
https://knews.kathimerini.com.cy/en/news/mp-attacks-slow-reconstruction-of-refugee-housing-after-rent-bill-hits-€6-million
The government’s handling of the Ktizo housing scheme has come under fire after DIKO MP Zacharias Koulias questioned whether the programme’s remaining apartment blocks will ever be completed under the current approach....
https://knews.kathimerini.com.cy/en/news/€200m-water-and-irrigation-projects-planned-through-2030
More funding is being directed towards Cyprus’ water and irrigation infrastructure as prolonged drought continues to put pressure on agricultural production....
https://knews.kathimerini.com.cy/en/news/100-000-vehicles-a-day-squeeze-through-limassol-s-overloaded-bypass
For anyone who has watched the minutes tick away in Limassol traffic, the problem needs little explaining. Getting to work, dropping children at school or making an appointment can mean building your day around the queue....
https://knews.kathimerini.com.cy/en/news/cyprus-set-to-receive-€992-million-from-the-rrf
Sept. 18 marked Cyprus’ final step in submitting requests to the Recovery and Resilience Facility (RRF), with the last milestones submitted under the plan approved back in 2021....
https://knews.kathimerini.com.cy/en/news/double-your-money-in-50-days-greek-police-uncover-alleged-$8-million-crypto-pyramid-scheme
At least 10,000 people were reportedly recruited into an investment scheme that raised about $8 million by promising to double their money within 50 days through cryptocurrency trading powered by artificial intelligence....
https://knews.kathimerini.com.cy/en/business/€1m-paid-to-650-farmers-with-new-€1-5m-support-opening-in-november
The state has paid out €1 million in financial support to 650 professional farmers and agricultural businesses, with another €1.5 million in emergency assistance set to become available through two new schemes in November....
https://knews.kathimerini.com.cy/en/news/faneromeni-avenue-is-getting-a-makeover-but-drivers-will-need-new-habits
Faneromeni Avenue is being redesigned to make room for cyclists and pedestrians, but drivers may need a little time, and perhaps a little patience, to get used to it....
https://knews.kathimerini.com.cy/en/business/tourism-chief-says-cyprus-weathered-the-crisis-and-is-ready-for-a-2027-comeback
Deputy Tourism Minister Kostas Koumis spoke openly to Kathimerini about the state of tourism, the handling of the crisis, the external factors affecting the industry, and the outlook for 2027....
https://knews.kathimerini.com.cy/en/news/hidden-4-1-rise-in-public-sector-staff-costs-in-2027
While the government is cutting civil service positions in an effort to contain the public-sector wage bill, the picture presented by staffing expenditure tells a different story....
https://knews.kathimerini.com.cy/en/comment/opinion/let-them-eat-sponge-cake
Marie Antoinette, Queen of France, urged the poor of France to eat cake because they had no bread. And every now and then, some of the Government’s housing schemes make me quietly whisper “cake” to myself and smile....
https://knews.kathimerini.com.cy/en/news/cyprus-to-review-12-000-golden-visas-and-tighten-scheme-before-schengen-entry
Cyprus plans to tighten its “golden visa” programme before joining the Schengen Area, Deputy Minister of Migration Nicholas Ioannides told MPs on Thursday....
https://knews.kathimerini.com.cy/en/news/the-eudis-defence-hackathon-comes-to-cyprus-for-the-first-time-with-€10-000-in-prizes
For the first time, Cyprus takes its place in one of Europe's most significant defence-innovation initiatives. It has been officially selected by the European Commission as one of eight locations across the EU to host the EUDIS Defence Hackathon 2026 – Autumn Edition....
https://knews.kathimerini.com.cy/en/news/nicosia-s-old-city-is-getting-200-new-student-rooms-and-a-fresh-lease-on-life
Imagine leaving your student room in the morning, coffee in hand, and stepping straight into the narrow streets around Faneromeni....
https://knews.kathimerini.com.cy/en/news/nursing-students-abroad-could-receive-grants-of-up-to-€5-750
Cypriot students studying nursing or midwifery abroad could soon qualify for the same state grants offered to those attending recognized institutions in Cyprus....
https://knews.kathimerini.com.cy/en/news/five-cyprus-companies-searched-in-€15-7m-mobile-phone-vat-fraud-probe
Cyprus Police took part in a coordinated European investigation into an alleged €15.7 million fraud and unpaid VAT scheme involving online mobile phone sales in Germany....
https://knews.kathimerini.com.cy/en/news/pension-reform-hits-resistance-as-workers-ask-who-pays-the-bill
Cyprus’ long-awaited pension reform is running into resistance, with workers’ unions warning that some of the most important questions remain unanswered: Will employees have to pay more? Will future pensioners receive enough to live on? And who will ultimately pick up the bill?...
https://knews.kathimerini.com.cy/en/news/two-housing-plans-aim-to-give-young-families-more-ways-to-build-a-home
For a young couple in Cyprus, the price of a home can put the whole plan on hold before it starts. Two government housing schemes offer different ways around one of the biggest hurdles: finding land to build on....
