Economy

Cyta energy plans target households, reassures EAC

Cyta energy plans will focus primarily on households and small businesses that currently have limited options, while the organisation insists it does not intend to become...

€12M boost for Strovolos affordable rental homes

An agreement signed today between the Interior Ministry and Cyprus Land Development Organisation (KOAG) allocates additional €12 million funding for constructing 54 two-bedroom apartments...

Minimum wage €1,088 from 6 months, as of January 1, 2026

The Cypriot government approved raising the monthly minimum wage for full-time employment from €1,000 to €1,088 after six months of continuous service. Labour Minister...

Gold price record high, surges past $4,400

Gold prices reached another record, trading above $4,400 (£3,275) per ounce for the first time on Monday, peaking at $4,420 before pulling back slightly. The...

Tax reform approved – Non-taxable threshold to €22,000

Parliament plenary approved the tax reform, voting five of six executive bills as amended by the House Finance and Budget Committee. Also approved: majority parties'...