The government will build approximately 500 housing units across four provinces at a total cost of €70 million, President Christodoulides…
Tax-free income to reach €22,000 under joint party amendment to reform bill
Tax-free income is expected to reach €22,000 under tax reform, up from the €20,500 provided in the bill, through a…
Critical tax reform meeting underway as parties push for higher thresholds
A meeting is underway at the Finance Ministry on Cyprus’s tax reform, with MPs from the parliamentary Finance Committee pushing…
ECB official raises prospect of rate hikes, dashing hopes for December cut
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…