Cyprus household debt drops to €20bn, corporate liabilities at €41.7bn
Central Bank of Cyprus data for end-June 2026 shows household borrowing at 53% of GDP, while non-financial company debt stands at 111% of GDP.
#Investment
Cabinet backs simpler building permit fee rules
Ministers have approved a reform of how building permit fees are calculated, scrapping Cyprus's three-zone cost system and sending the plan to parliament for a vote.
Cyprus tightens rules for foreign-owned companies in registry overhaul
The Cabinet approved a revised framework for registering foreign-interest companies, shifting focus to real economic activity and tougher compliance checks.
Cyprus offers eateries grants to cut food waste in 2027 pilot
Restaurants, caterers and bakeries can recover most of the cost of waste-reduction measures under a scheme approved by the cabinet, capped at €20,000 per business.
Cyprus MPs push for full bill on foreign property buyers, firms included
Parliament's interior committee wants the government to draft a comprehensive law covering companies as well as individuals buying property in Cyprus, with talks resuming in two weeks.
Fuel costs in Cyprus climb 24.6% year on year, Keravnos rules out big falls
Eurostat data show fuel and lubricant prices for personal transport in Cyprus up 24.6% annually in September, though the monthly petrol rise of 3.8% was the smallest in the EU.
Central Bank warns housing costs and skills gaps could slow Cyprus labour market
Unemployment hit a record low of 3.6 per cent in the second quarter of 2026, but the Central Bank of Cyprus says demographic shifts, housing costs and skills shortages may soon limit growth.
Cyprus opens €20m home energy upgrade subsidy scheme
Applications for the "Exoikonomo – Anavathmizo" housing scheme opened on 20 October, offering grants of up to €32,000 per home until funds run out or the 30 December deadline.
Nearly a quarter of Cyprus employees take home under €1,500 gross
Cystat data for 2025 put median gross monthly pay at €1,953 and the average at €2,591, with 24.2% of employees earning below €1,500.
Cyprus pension reform to make dividend income count toward social insurance
Business owners and shareholders who declare low salaries but take dividends would pay social insurance on part of those payouts under a draft pension reform.
IMF Lowers Cyprus 2026 Growth Forecast to 2.9 Per Cent
The IMF now sees Cyprus expanding by 2.9 per cent in 2026, slightly below the finance ministry's 3.1 per cent estimate, while inflation is expected to climb to 3.7 per cent.
Christodoulides pitches Cyprus as EU gateway for fintech at Limassol summit
Speaking in Limassol, the president tied the island's fiscal record and recent credit rating upgrade to its goal of drawing financial technology firms that want a European base.