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1. Europe wants to stay competitive, but it needs more workers

Limited resources and a shortage of workers are among Europe’s biggest challenges, Greek Deputy Foreign Minister Tasos Chatzivasileiou said at The Economist’s 22nd Annual Cyprus Summit in Nicosia. The question, he said, is how Europe can turn those pressures into opportunities....

2. Construction needs 5,000 more workers. Who gets to hire them?

The labor shortage in Cyprus’ construction industry is getting worse. Building activity is picking up, new projects are getting underway, and employers are struggling to fill skilled jobs....

3. Cyprus-China trade surges 26% to $1.44 billion in 2025

Cyprus-China bilateral trade reached $1.44 billion in 2025, rising by 26% as both countries seek to expand cooperation in investment, technology, tourism and renewable energy. The Cyprus-China Cooperation and Entrepreneurship Forum in Nicosia brought together business leaders and local officials to explore new commercial partnerships....

4. Is Limassol becoming too expensive for business?

Limassol’s cost-of-living pressures appear to be reaching a breaking point, extending beyond households and residents to the business community....

5. Could loan brokers put thousands of Cyprus banking jobs at risk?

Cyprus could see a shift toward loan brokers, a model already used in Greece and other countries, potentially reducing banks’ staffing needs while increasing competition and giving borrowers more options....

6. 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....

7. 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....

8. 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)....

9. Cheaper energy bills need better infrastructure, Keravnos says

Finance Minister Makis Keravnos stressed the need for the Finance Ministry to assess the Great Sea Interconnector’s (GSI) feasibility study, while acknowledging the project’s geopolitical importance, during his presentation of the 2027 state budget to Parliament....

10. Raising children shouldn’t mean retiring on less

The school runs, meals, washing and care don’t stop. But when a mother steps away from paid employment to raise her children, her pension contributions can....

11. Cyprus’ state sector remains large

The 2027 state budget, approved by the Cabinet this week, points to an effort to reduce the number of permanent public-sector positions. Even so, the state sector remains large....

12. 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?...

13. 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....

14. BrainRocket’s Cyprus retreat leaves Limassol counting the cost

The BrainRocket signs have disappeared from Limassol, and behind them sits a much bigger question for Cyprus: How easy is it for the island to lose a major foreign employer?...

15. Cyprus gaming revenue is closing in on tourism...who knew?

Cyprus has long been known for tourism, shipping and financial services. Video games rarely make the list....

16. Nearly 54,000 people now work for the Cyprus government

The Cyprus government had 300 more people on its payroll in July than it did a year earlier, pushing total state employment to 53,747....

17. Expanding into Cyprus: A Practical Guide for International Businesses

Expanding or relocating business operations is one of the most important strategic decisions an organisation can make....

18. Cyprus wants more local nurses, and it's now offering students up to €5,750 to join the profession

Cyprus is taking a new approach to one of its most persistent healthcare problems: encouraging more young people to become nurses and stay in Cyprus to work....

19. Cyprus’ path to Schengen: Implications for employers

20. Cyprus ranks second in EU for workers from other member states

Cyprus is one of the European Union’s biggest magnets for workers from other EU countries, ranking second among all member states for the share of its working-age population made up of people born elsewhere in the bloc....

21. Alphamega Hypermarkets invest in people and the future of the butchery profession

Alphamega Hypermarkets recently held the graduation ceremony for the fourth graduating class of its Butchery Academy, reaffirming their long-standing commitment to investing in people, education and the development of professions that bring real value to the Cypriot market....

22. Lidl Cyprus continues its dynamic benefits with 14 salaries per year

23. Invest Cyprus honours international companies at the 14th Invest Cyprus International Investment Awards

Invest Cyprus congratulates the companies recognised at the 14th Invest Cyprus International Investment Awards, acknowledging their contribution to the growth of the Cypriot economy....

24. There are plenty of jobs, but the right workers are missing

The mismatch between employers' needs and the available workforce presents a greater challenge than labor shortages in key sectors of the Cypriot economy because it negatively affects both business competitiveness and the efficient use of available workers....

25. Finance Ministry rejects staffing claims as school psychologists increase by 69%

The Ministry of Finance has dismissed reports claiming it refused a request to fund additional educational psychologists in next year's state budget, saying discussions on the Ministry of Education's 2027 spending plans are still underway....

26. Landmark pension reform eyes January 2027 rollout with hikes up to 55%

A major overhaul of the Cypriot pension system is moving into its final legislative phases, promising tiered increases for all retirees when it takes effect on January 1, 2027....

27. Power struggle erupts inside the EAC

Three trade unions representing employees at the Electricity Authority of Cyprus (EAC) have submitted a letter to the organisation's Board of Directors alleging serious governance issues linked to the conduct of board chairman George Petrou....

28. Cyprus plans controlled recruitment of nurses from third countries to plug 600-staff gap

Cyprus is considering the controlled recruitment of nurses from third countries as part of efforts to tackle a persistent staffing crisis in the country’s health system, where officials say there is currently a shortage of around 600 nurses....

29. Left Cyprus for a better career? The government wants you back

The second phase of the government's repatriation campaign begins tomorrow, with events scheduled in London and Birmingham. Cyprus is once again seeking to attract talented professionals who left for opportunities abroad as it looks to strengthen its labor market. ...

30. Work reimagined: Gen Z and millennials prioritise wellbeing and skills in an AI -driven world

As Gen Zs and millennials move deeper into adulthood and leadership, they are reshaping how progress at work is defined, often prioritising stability, skills, and wellbeing before advancement, according to the results of Deloitte Global’s annual Gen Z and Millennial Survey. Now in its 15th year, the research draws on responses from more than 22,500 Gen Zs and millennials across 44 countries, alongside qualitative insights from business leaders....