https://knews.kathimerini.com.cy/en/news/provocative-salaries-pensions-and-payouts-for-mps
One issue that has come back into focus is the generous pension package, lump-sum payments, and salaries enjoyed by members of the House of Representatives. Unsurprisingly, no MP has ever stepped forward to defend them....
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.
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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/paphos–polis-road-gets-more-expensive-as-new-bids-come-in-higher-than-expected
The long-discussed Paphos–Polis road project is facing fresh uncertainty after new bids came in higher than originally estimated, prompting officials to take a closer look before making any final decisions....
https://knews.kathimerini.com.cy/en/news/us-taxpayers-fund-upgrades-to-cyprus-military-bases
US taxpayer money is being funneled into upgrading key military bases in Cyprus in a move that strengthens the island’s growing role as a safe haven and humanitarian hub in the eastern Mediterranean....
https://knews.kathimerini.com.cy/en/business/cyprus-tax-key-dates-2026-a-practical-guide-for-businesses-and-individuals
Staying on top of tax obligations in Cyprus requires careful planning and timely action, particularly within an evolving regulatory environment....
https://knews.kathimerini.com.cy/en/news/finance-ministry-intervenes-over-hio-s-€150m-double-payments
The explanations provided by the Health Insurance Organization (HIO) regarding reports of double payments to healthcare providers have not resolved concerns about the management of public funds. ...
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/return-to-single-buyer-electricity-market-proposed-for-cyprus
A debate has emerged over the structure of Cyprus’s electricity market after Odysseas Michaelides suggested that electricity prices could fall if the country returned to a centralized purchasing system dominated by the Electricity Authority of Cyprus (AHK)....
https://knews.kathimerini.com.cy/en/news/thousands-of-public-accounts-still-waiting-to-be-checked-audit-office-says
Thousands of financial reports from Cyprus’ wider public sector have still not been audited, some going back almost three decades, raising fresh concerns about transparency and how public money is monitored....
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/business/they-came-to-clean-hotels-but-ended-up-working-in-constructions-sites
A long-running problem in Cyprus’ labor market is still going strong: foreign workers brought into the country as hotel cleaners are ending up on construction sites, often through shell companies that exist largely on paper....
https://knews.kathimerini.com.cy/en/news/cyprus-tax-reform-2026-what-changed-and-what-stayed-the-same
On 22 December 2025, the House of Representatives approved a wide-ranging tax reform package, with most measures taking effect from 1 January 2026. It is not an incremental adjustment....
https://knews.kathimerini.com.cy/en/news/cyprus-overhauls-its-tax-system-what-it-means-for-your-family
Parliament on Monday approved Cyprus’ new tax framework, a long-awaited reform that the government says will ease the burden on households, support families with children and make the economy more competitive, without requiring citizens to suddenly become tax experts....
https://knews.kathimerini.com.cy/en/news/mps-slam-€4m-airport-photo-radar-plan
Lawmakers are sounding the alarm over a €4 million plan to expand Cyprus’ ''photo radar'' system, which automatically issues fines for traffic violations. The controversy? Parts of it, including at airports, could be running without proper legal approval....
https://knews.kathimerini.com.cy/en/news/cyprus-top-paid-teachers-yet-bottom-range-results
Cyprus is knee-deep in a fiery debate over teacher evaluations, a tug-of-war so intense it has already sparked strikes, hardened positions, and stirred up public frustration....
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/u-s-now-penniless-after-more-than-230-years
America’s penny has officially punched out. After 230 years of jingling in pockets, collecting dust in jars, and costing more to make than it’s worth, the 1-cent coin is out of production....
https://knews.kathimerini.com.cy/en/news/big-three-builders-dominate-cyprus-public-works-and-the-delays-keep-piling-up
A new report by the Auditor General has confirmed what many in the construction world have been whispering for years: that a handful of “national contractors” are calling the shots when it comes to Cyprus’ biggest public works projects....
https://knews.kathimerini.com.cy/en/news/new-cyprus-museum-faces-500-day-delay-as-audit-office-launches-investigation
The contractor behind the New Cyprus Museum project has requested a 500-day extension and submitted major financial claims, prompting an investigation by the Audit Office, lawmakers said Thursday....
https://knews.kathimerini.com.cy/en/news/larnaca-er-run-by-trainees-while-senior-doctors-collected-full-pay
In most cases last year, patients rushing into the First Aid Department at Larnaca General Hospital were treated not by senior doctors, but by trainees, while the specialists on duty were often nowhere to be found, according to a new report by the Audit Office of the Republic....
https://knews.kathimerini.com.cy/en/news/cyprus-set-to-break-€8-billion-in-tax-revenue-in-2025
Cyprus is on track to rake in more than €8 billion in tax revenue this year, up from €7.4 billion in 2024, a milestone that underscores the Tax Department’s push for better compliance and modernization....
https://knews.kathimerini.com.cy/en/news/vasiliko-delays-keep-cyprus-stuck-with-sky-high-power-bills
Cypriot households already struggling with some of Europe’s highest electricity bills are being told they’ll have to wait even longer for relief, as delays and political wrangling over the Vasiliko energy project threaten to keep prices high for at least three more years....
https://knews.kathimerini.com.cy/en/news/cyprus-minister-calls-power-cable-‘unsustainable-sparking-pushback-from-athens
Cyprus’ finance minister set off a storm this week after questioning whether a long-delayed electricity link between Cyprus, Greece, and Israel can actually work under current terms....
https://knews.kathimerini.com.cy/en/news/audit-office-continues-probe-of-birthday-bash-on-protected-turtle-beach
Cyprus’ Audit Service is investigating a controversial concert held in Pegeia during a businessman's birthday party, citing possible negligence by state officials in protecting a sensitive environmental site....
https://knews.kathimerini.com.cy/en/comment/opinion/a-government-dodging-responsibility
While much of Cypriot society demanded that the president assign responsibility for the deadly wildfire and issue a sincere apology, a marathon debate in Parliament revealed ministers and civil servants seemingly free of blame....
https://knews.kathimerini.com.cy/en/news/political-tug-of-war-in-nicosia-over-€25m-power-cable-payment
A brewing dispute within Cyprus’ government over the Cyprus-Crete electricity interconnection project is turning into a serious political headache just as €25 million is due for disbursement to Greece’s ADMIE, the project operator....
https://knews.kathimerini.com.cy/en/business/audit-office-warns-of-€3-1-billion-in-delayed-tax-revenues-warns-of-non-collection-risk
The Audit Office has raised concerns over €3.1 billion in delayed tax revenues owed to the state, warning that around €1.4 billion may never be collected....
https://knews.kathimerini.com.cy/en/news/protesters-greet-trump-s-scotland-visit-with-signs-chants-and-criticism
President Donald Trump was met with protests across Scotland this weekend as he arrived for a private golfing trip tied to his late mother’s heritage....
https://knews.kathimerini.com.cy/en/business/tax-department-announces-reopening-of-tax-for-all-system-on-july-21
The Tax Department announced Friday that the Tax For All system will reopen on July 21, 2025....
