36 payment service providers to participate in trials of the digital euro
The European Central Bank (ECB) has shortlisted 36 payment service providers from across the eurozone to participate in trials of…
Category: Economics
EU 2027 budget set at 191.88 billion euros
The Council of the European Union (EU) has agreed its position on the EU’s draft annual budget for 2027, the…
Economist warns governance risks in push for new cooperative bank
Economist and Fiscal Council member Marios Clerides said the market needs “ethical banking” as efforts continue to establish a new…
Cyprus imposes €3 duty on low‑value parcels from non‑EU platforms
A new €3 customs duty on previously duty‑free parcels worth up to €150 from non‑EU online platforms — including major…
Cyprus pays above‑average prices for dairy, Eurostat says
Cyprus paid significantly more than the EU average for dairy products and oils in 2025, while prices for meat, vegetables…
Prices for 250 basic food items rose in May
The Cyprus Consumers Protection Association says prices for 250 basic food items rose in May. Citing the group’s findings, the…
Cyprus extends reduced fuel tax until Sept. 17
The reduced excise tax on motor fuel will be extended until Sept. 17 following a decision by the Finance Ministry.…
Cyprus Reports Strong Growth, Fiscal Stability and Robust Banking Sector
Cyprus is recording solid economic growth, a strong fiscal position and a resilient banking system, Finance Minister Makis Keravnos said.…
Cyprus opened the filing period for 2025 tax returns
Cyprus opened the filing period for 2025 tax returns on 19 June through the TaxisNet system. Tax Commissioner Marios Michael…
Hourly labour costs in Cyprus rose 3.7% in the first quarter
Hourly labour costs in Cyprus rose 3.7% in the first quarter of 2026 compared with the same period a year…