Economy

Budget implementation at 31% in first seven months

Treasury says over the last decade up to the end of July, the average budget implementation rate stood at 27%

07:51 - 29 August 2025

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TechIsland welcomes the adoption of the Tax Reform

"With the legislative process now complete, the focus shifts to the implementation of the new provisions," the association noted

09:57 - 23 December 2025

Business world satisfied with the passing of the tax reform – "It marks a new starting point for the Cypriot economy"

CCCI Secretary General Philokypros Roussounides and OEB Director General Michalis Antoniou share their view

09:45 - 23 December 2025

High life satisfaction among Cypriots, but strong concerns over daily life issues, Eurobarometer shows

A large majority of Cypriots say they are satisfied with their lives at 84% and up by 1 percentage point compared to Spring 2025

09:07 - 23 December 2025

More than 27% of the population in lower income class, just 7.6% in the upper tier

The national median income for 2024 is estimated at €20,666

08:58 - 23 December 2025

GDP growth rate at 3.5% this year, growth of 3% annually is forecast for 2026-28 CBC says

The CBC has published the December 2025 forecasts for the main macroeconomics of Cyprus for the years 2025-28

08:44 - 23 December 2025

My position is identical with that of the Government, says Keravnos on GSI

The President of the Republic has stated that the Government is in favour of the strategic goal of the electricity interconnection between Greece and Cyprus

07:48 - 23 December 2025

Finance Ministry satisfied with Parliament vote on tax reform

According to the Ministry, the new framework is expected to effectively support families

07:40 - 23 December 2025

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Tax reform is finally approved by House majority (updated)

Following a lengthy debate, the Plenary has approved the package of bills on tax reform; some adopted unanimously

14:25 - 22 December 2025

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Live: Watch the parliamentary debate on tax reform

The House Plenary debate to approve the package of bills is currently underway

11:52 - 22 December 2025

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The time has come for tax reform: Government bills put to the vote today

The Plenary of the House of Representatives is convening in an extraordinary session at 10 am

10:31 - 22 December 2025

NEWS FEED

25 minutes agoEconomy

TechIsland welcomes the adoption of the Tax Reform

37 minutes agoEconomy

Business world satisfied with the passing of the tax reform – "It marks a new starting point for the Cypriot economy"

1 hour agoEconomy

High life satisfaction among Cypriots, but strong concerns over daily life issues, Eurobarometer shows

1 hour agoEconomy

More than 27% of the population in lower income class, just 7.6% in the upper tier

ALL NEWS

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Commission partially approves Cyprus' fifth €70.5m payment request from NextGenerationEU

It said Cyprus successfully completed 10 out of 11 milestones and all 8 targets set for the sixth tranche of grants

09:34 - 22 December 2025

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President: The government is fully behind electricity interconnection project

Nikos Christodoulides was responding to criticism on the home front accusing the government of “doublespeak”

09:23 - 22 December 2025

Vasilikos Terminal: Technip's study to be delivered to ETYFA

The Chairman of ETYFA, George Ashikalis says the study will help determine the next steps for the project's completion

11:28 - 19 December 2025

Construction materials' prices up 1.28% in January–November

On an annual basis, compared with November 2024, the index rose by 1.16%

09:02 - 19 December 2025

Average hourly earnings in Cyprus up in 2022

Average hourly earnings for full-time male employees were calculated at €12.84, compared with €11.52 for women

08:04 - 19 December 2025

Cyprus-US sign protocol to strengthen cooperation on auditing supervision

The Protocol Declaration provides for the exchange of relevant information, joint inspections and investigations, and the development of common practices

07:53 - 19 December 2025

Consumer Protection Service recommends the use of e-kalathi for festive food purchases

The service allows you to compare the prices of selected products (between different stores/supermarkets in Cyprus), either individually or as "baskets"

07:01 - 19 December 2025

5352884050700513 Andrius Kubilius, Commissioner for Defence and Space

Commission allocates €1b to boost collaborative European defence research and development

Since its launch in 2021, the EDF has supported 224 projects with around €4 billion

11:14 - 18 December 2025

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