Economy

Deputy Minister to promote Cyprus as regional centre for innovation in California

The Deputy Minister for Research, Innovation and Digital Policy, Dr Nikodemos Damianou, is travelling to the United States of America (USA) today, following an...

Housing affordability crisis exposes gaps in planning

Cyprus's housing affordability crisis has exposed a significant gap in government planning. The state acknowledges that policies designed to attract businesses, investment and skilled...

Cyprus electricity prices remain above pre-crisis levels

Household electricity prices in Cyprus fell to €0.26 per kilowatt-hour in the first half of 2026, easing from their energy-crisis peak but remaining significantly...

Central Bank warns prolonged energy shock could fuel inflation

Central Bank of Cyprus Governor Christodoulos Patsalides has warned that prolonged energy pressures are increasing inflation risks and threatening the economic outlook, calling for...

Taxes and social contributions reach 36.3% of GDP

Cyprus' tax-to-GDP ratio increased to 36.3% in 2025, up from 36% the previous year, according to figures published by Eurostat on Thursday. Despite the rise,...