Economy

President defends Cyprus’ budget surplus

President Nikos Christodoulides has defended Cyprus' budget surplus, saying responsible fiscal policy has enabled the government to increase household disposable income and invest in...

Parliament approves cut in heating fuel tax

The heating fuel tax has been reduced by 6.39 cents per litre, including VAT, after the House of Representatives approved legislation on Thursday. The...

Fuel prices rise 24.6% year on year in September

Fuel prices rose by 24.6% year on year in September, up from 19.1% in August, according to Eurostat figures released on Wednesday. Finance Minister...

Fuel costs push travel prices up, holiday packages rise by up to 5%

Travel costs are expected to remain elevated as higher fuel prices continue to put pressure on airlines, but organised travel packages may become only...

Cystat: Average salary in Cyprus hits €2,591

Gross monthly earnings in Cyprus increased in 2025, with median pay rising by 3.8% to €1,953 and average earnings climbing by 4.3% to €2,591,...