https://knews.kathimerini.com.cy/en/comment/opinion/when-economic-reality-collides-with-political-reality
The electoral cycle, with societies becoming increasingly polarized and divided, makes the situation even more difficult. Entrenched special interests, and their influence over political decisions, make difficult choices even harder to implement....
https://knews.kathimerini.com.cy/en/news/ukraine-eyes-porn-decriminalisation-as-new-source-of-war-tax-revenue
Ukraine is considering a surprising way to bring more money into state coffers as it continues funding its war against Russia: decriminalising pornography and taxing the industry....
https://knews.kathimerini.com.cy/en/business/cyprus-rejects-three-eu-revenue-proposals-as-nicosia-draws-red-lines-over-eu-funding-plans
Nicosia drew its red lines during a particularly divisive discussion among the 27 member states, which focused on both the size and composition of the EU’s “New Own Resources” (NORs), meaning the new revenue sources the European Union is proposing to use to finance the 2028-2034 European budget while partially reducing its reliance on direct contributions from member states....
https://knews.kathimerini.com.cy/en/news/von-der-leyen-brace-for-a-hotter-tougher-and-more-digital-world
Ursula von der Leyen’s latest State of the Union address was not exactly a feel-good speech. Her message was that Europe is living in a more dangerous, hotter and less predictable world, and it needs to prepare accordingly....
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/agree-on-new-eu-taxes-or-pay-more-and-get-less-costa-warns
EU governments face a blunt choice: agree on new sources of income for the bloc, pay more from their national budgets, or accept cuts to programs they want to protect....
https://knews.kathimerini.com.cy/en/business/€174-million-support-package-planned-to-shield-vulnerable-groups-from-energy-costs
Vulnerable households in Cyprus are set to receive €174 million in financial support between 2027 and 2032 as the government prepares for new European energy rules that are expected to increase fuel costs....
https://knews.kathimerini.com.cy/en/business/cyprus-economy-grows-3-3-but-is-it-reaching-your-pocket
Cyprus’ economy grew by 3.3% in the second quarter of 2026, comfortably outperforming the eurozone, but that does not necessarily mean every household is feeling richer....
https://knews.kathimerini.com.cy/en/business/cyprus-records-€770-6-million-fiscal-surplus-in-first-seven-months
Cyprus recorded a General Government fiscal surplus of €770.6 million in the first seven months of 2026, equivalent to 2.0% of GDP, according to preliminary figures released by the Statistical Service on Monday....
https://knews.kathimerini.com.cy/en/business/cyprus-awaits-its-september-report-card-but-will-households-feel-it
Cyprus will receive a series of important financial report cards in September, when three international rating agencies take a fresh look at the country’s economy....
https://knews.kathimerini.com.cy/en/news/passenger-s-€57-000-watch-haul-ends-with-€15-000-bill-at-larnaca-airport
A passenger arriving at Larnaca Airport with three luxury watches in his suitcase ended up paying more than €15,000 before his journey was over....
https://knews.kathimerini.com.cy/en/news/five-years-€1-billion-and-hundreds-of-projects-cyprus-closes-its-eu-recovery-chapter
The end of the summer marks the completion of Cyprus’ Recovery and Resilience Plan (RRP), effectively closing a five-year cycle of investments and reforms....
https://knews.kathimerini.com.cy/en/news/where-is-cyprus-spending-your-money-€412-million-poured-into-projects-in-six-months
Cyprus recorded an increase in state development spending during the first half of 2026, according to a report by the Treasury on the implementation of the state budget....
https://knews.kathimerini.com.cy/en/business/cyprus-environmental-tax-revenue-reaches-€718-7-million
Environmental tax revenue in Cyprus reached €718.72 million in 2024, according to new figures released by Eurostat, as environmental tax receipts across the European Union increased to a record €371.9 billion....
https://knews.kathimerini.com.cy/en/news/cyprus-gets-new-fiscal-council-chief-as-focus-turns-to-public-finances
Economist Dr. Andreas Charalambous officially took over as president of the Fiscal Council of Cyprus on Monday, succeeding Michalis Persianis, who has led the independent body in recent years....
https://knews.kathimerini.com.cy/en/business/banks-contributed-€427-million-in-cyprus-in-2025
The opposition is once again reopening the issue of additional taxation on banks in Cyprus, an issue which the previous Parliament had indeed opened but ultimately failed to pass. ...
https://knews.kathimerini.com.cy/en/news/fuel-tax-relief-extended-giving-drivers-2-more-months-of-breathing-room
Cyprus motorists will continue to benefit from lower fuel taxes for at least another two months, after Parliament unanimously approved an emergency bill extending the government's fuel tax relief measure....
https://knews.kathimerini.com.cy/en/news/temu-and-shein-orders-in-cyprus-to-cost-more-under-new-customs-fees
Online shopping from popular platforms like Temu and Shein is set to get a bit more expensive for Cyprus consumers after the Customs Department clarified new rules affecting parcels coming from outside the European Union....
https://knews.kathimerini.com.cy/en/news/new-parliament-same-big-question-who-really-decides-cyprus-economic-future
Fears of a fragmented Parliament that would struggle to get things done did not materialize, with six parties now set to shape Cyprus’ political and legislative agenda over the next five years....
https://knews.kathimerini.com.cy/en/news/mp-pay-goes-up-again-as-cypriots-feel-the-squeeze-at-home
Cyprus lawmakers are set to take home higher pay this year, with new figures showing an increase in both monthly and annual salaries for members of parliament in 2026....
https://knews.kathimerini.com.cy/en/news/cyprus-households-see-sharp-fall-in-electricity-bills-but-businesses-still-pay-near-the-top-in-europe
Cyprus recorded the largest drop in household electricity prices in the European Union in 2025, offering relief after several years of high energy costs. The improvement, however, tells only part of the story. ...
https://knews.kathimerini.com.cy/en/business/crypto-users-could-now-be-taxed-without-cashing-out
Crypto investors in Cyprus are entering a very different landscape this year, as new tax rules tighten the government’s grip on digital assets and close loopholes many traders had relied on for years....
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/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/1-cyprus-economy-grows-3-8-in-2025-as-spending-and-exports-rise
Cyprus’ economy kept a steady pace in 2025, with growth holding at 3.8% in real terms. In current prices, GDP rose by 4.9%....
https://knews.kathimerini.com.cy/en/business/eu-toolbox-to-curb-energy-prices-support-for-all-27-member-states
Brussels is preparing action on four fronts, working closely with Berlin and Paris, with the goal of keeping energy prices under control across the EU’s 27 member states as concerns grow about a renewed crisis in the Middle East....
https://knews.kathimerini.com.cy/en/comment/opinion/this-time-let-s-measure-corruption
Corruption in a state carries real costs. It slows growth, erodes trust, and ultimately weakens the quality of democracy citizens experience....
https://knews.kathimerini.com.cy/en/comment/opinion/resurrection-day
This year’s Easter feels different from anything even the oldest people in this country can remember. Hell has opened its gates in a region that for centuries has been a meeting ground of civilizations and religions....
https://knews.kathimerini.com.cy/en/news/fuel-prices-set-to-drop-saturday-after-last-minute-delay
A long-awaited reduction in fuel taxes meant to ease pressure on households will not begin Thursday as originally planned but instead take effect at midnight on April 4, giving fuel companies time to adjust prices before motorists see the savings....
https://knews.kathimerini.com.cy/en/news/cyprus-remains-a-key-gateway-as-europe-s-‘golden-visa-landscape-shifts
As several European countries tighten or scrap their so-called “golden visa” schemes, Cyprus is emerging as one of the most stable and accessible options for investors seeking residency within the EU....
