https://knews.kathimerini.com.cy/en/business/business-lending-loses-momentum-because-of-the-middle-east-conflict
Bank lending in Cyprus had been on a strong upward trend for the past year and a half, but the war involving the United States, Israel, and Iran brought that pace to a stop. As a result, forecasts of slower credit growth were confirmed in March, even though Cyprus continues to perform well economically....
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/1-their-pay-went-up-just-1-5-in-17-years-now-they-re-taking-to-the-streets
For many Cypriots, the people who clean public buildings, maintain government facilities, support hospital operations, and keep essential services running often go unnoticed until they stop working....
https://knews.kathimerini.com.cy/en/news/your-pension-is-changing-but-you-ll-still-retire-at-the-same-age
Labour Minister Marinos Mousiouttas has signaled the start of an intensive round of summer consultations on pension reform, aiming to bridge remaining differences between trade unions, employers and other stakeholders before the bill reaches parliament....
https://knews.kathimerini.com.cy/en/news/buying-an-apartment-in-cyprus-now-costs-10-8-more-than-a-year-ago
If you feel like buying a home in Cyprus keeps getting further out of reach, you are not imagining it....
https://knews.kathimerini.com.cy/en/business/ai-reshapes-global-labour-market-into-two-distinct-paths-rewarding-human-skills-pwc-2026-ai-jobs-barometer
According to PwC’s 2026 AI Jobs Barometer, AI is rapidly reshaping the skills employers want most from workers – increasing the emphasis on human skills such as judgement, creativity and leadership – as companies most able to use AI continue to expand hiring faster than their peers....
https://knews.kathimerini.com.cy/en/news/thousands-of-government-hourly-workers-to-strike-next-week-over-pay-dispute
Thousands of hourly-paid government workers are set to strike next Wednesday, demanding higher wages and improved benefits amid ongoing negotiations with unions for new contracts....
https://knews.kathimerini.com.cy/en/news/un-criticizes-cyprus-over-treatment-of-turkish-cypriots
A United Nations anti-racism committee has issued a series of sharp recommendations and criticisms toward Cyprus, expressing concern over what it described as obstacles faced by Turkish Cypriots in accessing equal rights compared to Greek Cypriots....
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/ecb-says-interest-rates-played-a-key-role-in-curbing-inflation-across-the-euro-area
The European Central Bank (ECB) says monetary policy in the euro area was highly effective during the tightening cycle of 2022 to 2023. ...
https://knews.kathimerini.com.cy/en/news/cyprus-labour-costs-rise-to-€21-7-an-hour-in-2025-eu-data-shows
New figures released by Eurostat show that Cyprus recorded an average hourly labour cost of €21.7 in 2025, with non-wage expenses accounting for just under one-fifth of total labour costs....
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/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/comment/opinion/2026-will-define-the-eurozone-s-future
The Eurozone faces a range of risks, foremost among them those stemming from the external environment. Specifically, there is the risk that global growth and international trade could be affected by a peak in geopolitical tensions....
https://knews.kathimerini.com.cy/en/news/undercover-sting-exposes-alleged-sex-for-work-scheme-targeting-british-women-in-ayia-napa-video
Police in Cyprus have launched an ex officio investigation following allegations that young British women working seasonally in the resort town of Ayia Napa were subjected to sexual harassment, illegal employment practices, and substandard living conditions, authorities said....
https://knews.kathimerini.com.cy/en/business/lidl-cyprus-is-recognised-as-a-top-employer-for-the-9th-consecutive-year
Nine consecutive years with Top Employer status for Lidl Cyprus. A path built on consistency, stability and daily choices that place people at the centre....
https://knews.kathimerini.com.cy/en/news/cypriots-wallets-could-tip-the-may-election
Cyprus’ economy is thriving, but many citizens are still feeling the pinch and worrying about the future, a new survey shows....
https://knews.kathimerini.com.cy/en/business/minimum-wage-jumps-in-occupied-areas-but-workers-say-they-re-still-falling-behind
In both the Greek Cypriot and Turkish Cypriot communities, new decisions on pay have garnered angry reactions among trade unions and unease among employers, even though the numbers themselves look very different....
https://knews.kathimerini.com.cy/en/business/cyprus-faces-new-labor-showdown-despite-minimum-wage-deal
Cyprus could be heading for a fresh round of labor unrest in 2026, as unions and employers brace for new clashes over wages, pensions and workers’ rights, despite the government having closed the minimum monthly wage issue just weeks ago....
https://knews.kathimerini.com.cy/en/business/1-cyprus-new-minimum-wage-of-€979-kicks-in-today-but-is-it-enough
Starting today, January 1, 2026, Cyprus workers are seeing a welcome bump in their pay as the national minimum wage rises....
https://knews.kathimerini.com.cy/en/business/€1-088-minimum-wage-and-everyone-s-furious
After intense behind-the-scenes talks that stretched right up to the holidays, the government has locked in Cyprus’ new national minimum wage at €1,088 a month, a decision that settles one debate but opens several others....
https://knews.kathimerini.com.cy/en/news/disability-support-allowance-exposed-as-inadequate-for-real-home-care-needs
A man with a recognized disability has spoken out about the severe gap between state support and the real cost of daily care, describing an undignified reality for people with disabilities who live alone....
https://knews.kathimerini.com.cy/en/business/ai-is-coming-but-your-job-might-be-safer-than-you-think
Workers around the world have reason to be nervous about artificial intelligence. Headlines of layoffs at American companies and warnings from some of AI’s top leaders have stoked fears that machines could soon take over human jobs....
https://knews.kathimerini.com.cy/en/news/who-pays-when-public-sector-wages-keep-rising
Public sector wages remain the uncomfortable truth behind Cyprus’ 2026 state budget, which is heading for a final vote in the House of Representatives on Wednesday and is widely expected to be approved....
https://knews.kathimerini.com.cy/en/comment/opinion/debt-surge-ahead-can-the-eurozone-outgrow-its-risks
The Eurozone is entering a phase of rising investments, public debt, and real interest rates. In this challenging environment, economic growth is essential to maintain balance. ...
https://knews.kathimerini.com.cy/en/comment/opinion/india-s-historic-labour-reforms-building-a-fair-modern-and-inclusive-work-ecosystem
India stands at a pivotal moment in its economic journey. As the nation accelerates toward becoming a global economic powerhouse, the Government has undertaken a historic transformation of its labour laws—consolidating 29 fragmented labour statutes into four comprehensive Labour Codes....
https://knews.kathimerini.com.cy/en/news/cyprus-cola-comeback-what-changes-who-benefits-and-who-s-still-left-out
Cyprus’ long-running debate over the Cost-of-Living Allowance (COLA) reached a turning point this month, with President Nikos Christodoulides presenting a new deal as a major win for fairness and the middle class....
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/news/cyprus-wages-lag-behind-eu-average-though-growth-continues
Now that the Cost of Living Allowance agreement was signed yesterday, it’s a good moment to take a closer look at how Cypriots’ salaries stack up against their European neighbors, and the numbers tell an eye-opening story....
