The European Central Bank is cutting expectations for a final euro interest rate reduction at the end of 2025, with…
Outgoing Labour Minister’s minimum wage remark sparks unease among social partners
Outgoing Labour Minister Yiannis Panayiotou caused upset among social partners by citing a specific revised minimum wage figure during the…
Cyprus to examine €3m property tax after implementing broader tax reform
The government will examine the possibility of imposing a property tax on assets valued over €3 million after implementing tax…
MPs push bills to end age-based insurance premiums for elderly drivers
Two bills aimed at ending what sponsors call profiteering against elderly drivers will go to a parliamentary vote in January,…
EU reaches deal on stronger protections for package holiday travellers
The Council and European Parliament reached a provisional agreement last week on revising the package travel directive to provide more…
State to proceed with feasibility study on Cyprus-Greece power interconnector
The European Commission does not need to conduct a new cost-benefit study for the Cyprus-Greece electricity interconnector nor publish a…
AKEL seeks to impose new windfall tax on Cyprus banks for 2025 and 2026
Cyprus’s main opposition party, AKEL, has revived its push to impose an emergency solidarity levy on bank profits for the…
Pensions, benefits, and 13th payment scheduled for early December deposit
The Ministry of Labour and Social Insurance has announced that all necessary arrangements have been finalised to ensure that pensions…
Ageing Europe threatens bank profits as fewer babies mean fewer loans, ECB warns
Demographic changes are reshaping the economic foundations on which banks operate, with falling birth rates and ageing populations set to…
A rare Kashalos from the Ierodiaconou Collection leads the winter sale at Cypria Auctions
10 December 2025 | Gallery K, Nicosia | 7:00 p.m. Michael Kashalos — “The Lifting of the Stone and the…