Economy

Cyprus authorities assess Revolut data breach

The Revolut data breach has come under scrutiny in Cyprus, with the company formally notifying the Office of the Commissioner for Personal Data Protection...

Solidarity Fund budget sets €28.7m for beneficiaries

The Cabinet has approved the budget adopted by the National Solidarity Fund, Finance Minister Makis Keravnos announced on Wednesday. Keravnos said the Fund’s draft 2026...

Cabinet approves €11.1bn 2027 budget

The Cabinet has approved the 2027 budget and the Medium-Term Fiscal Plan for 2027–2029, with total spending set at €11.1 billion, excluding debt servicing...

Bad loans worth €19.4bn remain in Cyprus economy

The contractual balance of Cyprus bad loans held by credit-acquiring companies stood at €19.4bn at the end of 2025, while the book value of...

CCCI seeks extension of zero VAT on meat and fish

The Cyprus Chamber of Commerce and Industry (CCCI) is calling for an extension of the zero VAT rate on meat and fish, warning that...