finance

Politics

Former EDEK officials to attend congress as leader faces criticism

Former EDEK figures Costis Efstathiou and Demetris Papadakis will attend the party’s statutory congress on Sunday, along with all...
Economy

Almost a third of Europeans prefer AI for sensitive banking

Almost one in three European consumers (29 per cent) would rather discuss sensitive banking matters with artificial intelligence than...
Economy

Income tax revenue falls after reform as total tax take rises

State revenue from personal income tax fell by 25.4 million euros in the first seven months of 2026, as...
Economy

Minister says pension increases to come over three years, not five

Pension increases under Cyprus’s planned reform will be paid over three years instead of five, Labour Minister Marinos Moushouttas...
Economy

Europe’s fight over financial markets and what it means for Cyprus

The agreement gives the EU’s markets watchdog new powers, but exemptions for major operators have exposed the limits of...
Economy

Finance Minister seeks EU approval to change VAT on electricity bills

Finance Minister Makis Keravnos has started a process with the European Commission to change how VAT is charged and...
Economy

Matteo Roggero: No sector of the economy will be untouched by climate change

How much does climate change cost? The damage caused by a flood or heatwave can be calculated in euros....
Economy

Pension reform bill delayed again pending legal vetting

Barring any surprises, the government's pension reform bill is not yet ready to go from the Cabinet to the...
Local

Keravnos heating oil EU appeal as government seeks exemption to further lower tax

The Finance Minister is in open communication with Brussels as he attempts to secure the lowest possible drop of...
Economy

Improved pay offer for hourly-paid government staff goes to vote

The government tabled an improved offer on Monday to renew the collective agreement for hourly-paid government staff, and it...
Economy

Finance Minister to take zero VAT, heating oil package to Cabinet

Finance Minister Makis Keravnos is expected to present a new package of cost-of-living measures to the Cabinet on Wednesday....
Economy

Committee again rejects Photo Radar List tracking fined Turkish Cypriots

The House Finance Committee on Monday refused for a second time to release funds for a system that would...
Economy

Migration benefits spending falls from €49m to around €12m, as arrivals drop

Spending on benefits has fallen from 49 million euros to about 12 million euros, Deputy Minister of Migration and...
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