Cyprus: falling real incomes and cost-of-living pressures
In Cyprus the financial crisis of 2012-13 resulted in a loss of wealth for many households owing to the “deposit haircut” and the collapse of prices of bank shares and ...
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Green tax fury sparks protest
Nicosia is preparing for a major protest this Saturday, March 29, organised by Akel’s Social Alliance movement and supported by the Green party, the protest will begin at 11am in ...
Two in three households scraping by, report shows
Out of every three households in Cyprus, one is getting by comfortably, while the other two are either barely managing or struggling to survive, a survey presented on Wednesday shows.
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Mixed reactions to Christodoulides’ self-assessment press conference
Political parties were divided over President Nikos Christodoulides’ televised press conference on Wednesday, where he presented his assessment of his second year in office. While some praised his performance, others ...
Cypriots stressed over finances, struggle with savings
The financial wellbeing of Cypriot citizens has marked a significant decline, according to the results of the Financial Wellbeing Index 2024.
Presented for the first time by the Financial Wellbeing Institute, ...
Bank tax going to a vote, but passage unlikely
Despite appearing to lack the necessary support in parliament, a bill imposing a new ‘bank tax’ will go to the House plenum later this week.
Tabled by opposition party Akel, ...
EnErgo movement to sue state over welfare failings
EnErgo movement announced its intention on Monday to file a lawsuit against the Republic of Cyprus regarding its failed housing, food and decent living policies.
The movement said it sent ...
Greek Cypriots’ crossings down by 4%, Turkish Cypriots’ up by 17%
The number of crossings made between the Republic and the north by Greek Cypriots fell by almost 4.5 per cent in the first nine months of the year compared to the ...
Cypriots face ‘annihilation’ over cost of living
Officials on Tuesday reiterated there currently exists no practical way to bring down energy costs, which have a knock-on effect on the prices of goods, as one MP warned that ...
Fear mounts over cost-of-living hike amid escalation of hostilities in Middle East
Fears were mounting on Friday that the cost of essential goods, which started rising even before the termination of VAT relief measures, will be catapulted even higher in the event ...
Our View: Government must listen to reason over relief measures
The answer to the barrage of criticism by opposition parties over the government’s decision not to extend the tax discount on fuel beyond last month was provided by the ...
Cabinet to meet to discuss cost of living measures (updated)
Cabinet is set to hold an extraordinary meeting on Thursday with the aim of discussing and approving a new package of measures to alleviate the cost-of-living crisis.
The meeting comes ...
Apart from lamb, cost of Christmas meal is affordable
Supermarkets are completely unjustified in increasing the price of lamb ahead of the Christmas holidays, a commerce ministry official charged on Wednesday, amid lowered prices across the board for food ...
Mobility allowance recipients receive one-off €120 payment
Recipients of the monthly mobility allowance on Friday received a €120 one-off payment from the Social integration department.
The payment was announced by the Social welfare deputy ministry, with the money ...
Serdar Denktash: north’s ‘government’ has not done one good thing
Serdar Denktash, the son of late Turkish Cypriot Leader Rauf Denktash, said on Thursday that the north’s ‘government’ “has not done one good thing” during its time in office.
“...
Toilet rolls up by 17 per cent: price drops and hikes in October
The price of fresh fish and vegetables went down by 17 and 13 per cent in October, while the price of toilet paper had a 17 per cent price spike compared to September.
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Trade unions demand full payment of CoLA
The Independent Trade Unions’ Federation (Poaso) on Monday called for its workers to receive full payment of the Cost of Living Allowance (CoLA).
Putting their case forward, they cited “a ...
Soaring electricity bills: ‘I’ve taken out all the light bulbs in my home’
Ever increasing costs forcing consumers to restructure energy bills
Standing on the pavement outside the Electricity Authority of Cyprus (EAC), with a little boy in tow, Nitsa tells the Cyprus ...
Finance minister presents 2024 state budget with promise of relief measures
Finance Minister Makis Keravnos delivered on Wednesday the state budget for 2024 with a promise of cost-of-living relief measures by the end of the month – and a look ahead to next ...
Salaries go up 7 per cent on an annual basis
In nominal terms, earnings in Cyprus went up by an average of 7 per cent on an annual basis, according to data just released by the Statistical Service.
Average gross monthly ...
Finance ministry ‘examining’ ways to alleviate cost-of-living crisis
The finance ministry is “examining and costing scenarios” for potential new measures to support people facing ongoing difficulties with the cost of living, Minister Makis Keravnos said on Monday.
He ...
Government must do more to counter cost of living crisis, say unions (Updated)
The vulnerable section of society is much larger than official statistics show and more must be done to tackle the cost of living, major trade unions said on Wednesday.
A ...
Finance minister pleads with banks not to raise interest rates again
Finance Minister Makis Keravnos said on Monday he will have a new round of meetings with bank executives to see how lenders might refrain from raising interest rates again, as ...
Increased prices on most staple food items
A total of 32 out of 45 staple food items have seen their prices increase, the Consumer Protection Service (CPS) said on Monday, in its July 2023 price observatory.
Reductions were recorded for 13 ...