Economy

Cyprus below EU average in poverty risk

Cyprus poverty risk is recorded at 15.8% of the population under the baseline scenario, according to a new study published by the European Commission’s...

Possible small fuel price cuts, mainly for 95-octane petrol

Possible reduction in Cyprus fuel prices Cyprus fuel prices could see modest reductions in the coming days, particularly in 95 octane petrol, according to the...

Price observatory reports increases in fuel and agricultural products

Inflation accelerates in March Food inflation in Cyprus recorded a notable increase in March 2026, reaching 3.8% compared with 2.7% in the previous month, according...

Concerns over possible disruptions in transport fuel supplies

Concerns over EU fuel security were raised on Tuesday as Cyprus Minister of Transport, Communications and Works Alexis Vafeades warned of a possible disruption...

Reduced VAT for first home may be approved until end of 2026

Cyprus lawmakers approved on Thursday a change allowing the Tax Department to examine and approve pending applications for the reduced VAT rate on primary...