Economy

AKEL to vote against 2026 state budget

AKEL’s Central Committee unanimously decided to reject the 2026 state budget submitted by the Christodoulides government. The party acknowledges improvements in certain macroeconomic indicators. However,...

Tax reform amendments set for Monday submission

Committee prepares amendments The House Finance Committee continued its article-by-article review of six government tax reform bills today. Members agreed to reconvene on Monday so...

500 new affordable rentals and worker housing scheme unveiled

President Nikos Christodoulides announced Tuesday the construction of around 500 new housing units on state land across Nicosia, Limassol, Larnaca and Paphos. The government...

Christodoulides: Housing to be key priority of Cyprus’ EU Presidency

President Nikos Christodoulides told the annual general meeting of the Land and Building Developers Association on Tuesday that affordable housing will occupy “a prominent...

AKEL moves permanent housing interest subsidy to plenary vote

The AKEL proposal to remove the time limit on housing loan interest subsidies paid by the Central Agency for Equal Distribution of Burdens (CAEDB)...