Economy

€95m investment to upgrade Cyprus’ electricity grid

A €95 million investment will upgrade critical parts of the power grid, creating better conditions for greater use of renewable energy, energy storage and...

Low-income pension benefit set for major overhaul

The low-income pension benefit received by pensioner households is set for a major overhaul as part of the government's planned pension reform, with two...

How pension increases will affect recipients

Cyprus’ proposed pension reform provides for higher payments for all 123,000 pensioners, with the size of the increase depending on income, years of contributions...

Consumers are looking beyond the price tag

“The consumer today is much better informed and more demanding.” For Michalis Panagidis, President of the Pancyprian Association of Supermarkets (PASYPE), this is perhaps...

Reform: 50% increase in low pensions and cut to 12% penalty

Cyprus’ pension reform includes increases of up to 50% in the minimum pension, alongside a reduction in the 12% actuarial penalty for retirement at...