r/cyprus • • Mar 21 '26

Economy The only country that people are getting legally scammed and do nothing about it

136 Upvotes
  • Food got real expensive .
  • Gas prices are still ok compared to the rest of Europe.
  • Expensive internet.
  • Consumer Electronics, small and big house appliances expensive.
  • AHK monopoly (You wanted Solar panels? PAY US!) .
  • No water salinization even after years of high precipitation to give enough time to plan and prepare for drought.
  • No effective public transport and buses still won't accept cards, only coins.
  • Because of the point above, every person must have a car which leads to more traffic jams
  • Taxis are expensive for absolutely no reason.
  • Traffic light cameras without timer (Basically gambling if you get a 300 euro ticket or get rear ended by some dude that won't keep distance. Happened to me).
  • No parking spaces leading to people parking their cars on sidewalks.
  • Government websites that barely work and always crash when too many people try to login.
  • If you have to get papers from Social Insurance, Labour Office, Citizen Service Center you have to show up there to get the job done.
  • No airplanes/helicopters to combat forest fires that occur yearly during Summer.
  • Minimum wage is is equal to loan/rent.
  • No affordable house loans.
  • No affordable rent.
  • Used car prices priced absurdly high & Importing a car yourself is just not worth the extra cost and hustle.
  • Insurance basically will cover the bare minimum.
  • GESY doctor appointments take minimum 3 months (might as well die at this point).
  • Hospitals understaffed, underpaid and overworked.
  • Police no where to be seen in the public.
  • Someone breaks into your house and you the call police: "Nampo na kamoume?" Even worse is if you defend yourself you might be held liable.

And after all of the above (I know i forgot some points), we have old farts telling young people that we don't work hard enough and won't put in the work like their generation did, to live a wonderful and fulfilling life.....

r/cyprus • • May 21 '26

Economy Ό,τι πάθουμε χαλάλι μας

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98 Upvotes

r/cyprus • • Sep 09 '26

Economy BrainRocket pulls the plug on its Cyprus operations

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56 Upvotes

r/cyprus • • Jul 26 '26

Economy Cyprus should impose property citizenship restrictions

59 Upvotes

Local people need the protection. Let’s learn from Indonesia. They have the leasehold/freehold system where foreigners cannot generally outright own property only long term lease. Cyprus needs to implements this yesterday but they probably never will.

r/cyprus • • 15d ago

Economy Limassol and Nicosia on the graph. What's your take?

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41 Upvotes

r/cyprus • • 14d ago

Economy Deloitte Cyprus helped falsify financial records to hide Oligarch wealth.

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79 Upvotes

r/cyprus • • Jul 30 '26

Economy 1/3 of Cypriots are poor but the average salary is €2601. Perfect numbers for PR, terrible for the average Cypriot.

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85 Upvotes

r/cyprus • • Jul 02 '26

Economy Cyprus average wealth per adult fell while median wealth increased

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50 Upvotes

r/cyprus • • Nov 01 '25

Economy Since employers don’t want to pay ATA, maybe it’s time Cyprus tries a 4-day work week instead

39 Upvotes

We keep arguing about ATA and “competitiveness” Employers don’t want to raise pay? Fine. Let’s talk hours.

Other countries already did the math, UK, Iceland, Belgium, Japan... same pay, 4 days, no loss in output, less burnout. If they can do it, why not here?

We work like it’s 1995 while prices move like it’s 2050. Maybe the real fix isn’t more pay, it’s more life. What you say?

r/cyprus • • May 01 '26

Economy Avg income

1 Upvotes

Im genuinely interested how much ppl really make in Cyprus. A lot of data is misleading and doesn’t account on foreigners/reality.

Prices, expensive card and amount of ppl in restaurants suggest there are a lot of highly paid ppl

692 votes, May 08 '26
213 Under 24k/year
120 24-35k/year
91 35-50k/year
101 50-80k/year
71 80-120k/year
96 120k+/year

r/cyprus • • 15d ago

Economy In 2025, 8.5% of people in the EU could not afford a meal with meat, chicken, fish (or vegetarian equivalent) every second day. This share ranged from 1.2% in Cyprus to 18.1% in Romania.

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31 Upvotes

r/cyprus • • 22d ago

Economy Never really understood Cyprus taxes and public finances? Neither did I. So I put them in plain words

43 Upvotes

I wanted to know what happens to my money after the payslip, and ended up deep in Eurostat tables. Three numbers I didn't expect:

  • The lightest tax on work, the heaviest on companies. Taxes and contributions take 26% of what a job costs here, the lowest in the EU. In Germany it's 47%, so maybe don't move there for the payslip. Company taxes bring in 6.9% of the economy, the highest in the EU. The state takes less from your pay and more from companies.
  • 37% of a liter of petrol is tax. 65 cents of every €1.73, and that's with the duty temporarily cut by seven cents. Every fill-up comes with a silent passenger. On a pack of cigarettes, it's three-quarters of the price.
  • Defense is the fastest-growing line. The 2027 budget bill takes the Ministry of Defense from €628m to €895m, up 42%, and almost all of the rise is in one line the budget doesn't itemize. Part of it is probably borrowed on a 45-year EU loan, so some of it will still be getting paid off in the 2070s.

Each of the three also splits people, and every story on Foroi sets out both sides, so for once you can argue with the right numbers:

  • Is the state too dependent on company tax? A success, because companies come here and pay, or too dependent, because it can leave as fast as it came.
  • Should fuel be taxed more, or less? Less, for cheaper fuel now, or more, to tax fuel by the carbon it emits. Cyprus has promised Europe the second, and keeps putting it off.
  • Should defense be borrowed? Yes, because a long, cheap loan spreads the cost, or no, because it's still debt, taken on while paying debt down.

Under each story there's a one-tap "Which side convinces you?". No account, no email, no newsletter pop-up. The results show once enough people have answered. Or make your case here. I'm more interested in the reasoning than the score.

Foroi: Cyprus public money, in plain words. It takes no side (not even in the comments), it isn't tax advice (please don't file your return based on a Reddit post), and corrections are logged in public. Free, no ads, in English, Greek and Russian.

Mind the VAT (from 12 October, not on your bread) 💶

foroi.info

r/cyprus • • Nov 07 '25

Economy How do you do, fellow moneybags?

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151 Upvotes

r/cyprus • • Apr 05 '26

Economy Invest

12 Upvotes

Good evening everyone..

Let’s unite those of us who invest here in Cyprus — whether Cypriots or foreigners living in Cyprus. What do you invest in and through which platform?

Let me start first… I invest in the SPYL UCITS ETF (S&P 500) through Interactive Brokers.

Your turn…

r/cyprus • • Apr 05 '26

Economy Property prices - ever stop growing?

17 Upvotes

Have been following Cypriot property prices for some time, steep growth in the past years but MAYBE a slight pause recently. First reductions I see in the ads for over a year. Is that just me, or the market is really slowing slightly?

Here in the UK, the market is definitely down, sellers complaining not being able to sell for months even after 10-20% reductions. Can't see that level in Cyprus YET.

r/cyprus • • 12d ago

Economy people at risk of poverty or social exclusion 2025

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9 Upvotes

r/cyprus • • 24d ago

Economy Rise in population per Cyprus district, 2011 vs 2022

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28 Upvotes

r/cyprus • • 19d ago

Economy Οικονομια στην κυπρο

11 Upvotes

Αγαπητοι κυπριοι ,πως ειναι η οικονομια στην κυπρο ,απο θεμα μισθων, ακριβειας ,ενοικιων,και αρκει ο βασικος μισθος γιανα ζησεις αξιοπρεπως ;;;

r/cyprus • • Feb 12 '25

Economy Let’s talk about unprofessionalism on the island

83 Upvotes

I’m a Cypriot who lives abroad so I have a dual perspective. The level of unprofessionalism I’ve encountered across the board is something that always bothered me. Have you encountered it yourselves and what are some of the worst examples?

r/cyprus • • Jun 28 '26

Economy Οικονομικά και επενδύσεις στην Κύπρο!

3 Upvotes

Καλησπέρα σε όλους!

Όλοι βλέπουμε πόσο έχει αλλάξει το κόστος ζωής στην Κύπρο τελευταία. Πολλοί από εμάς ψάχνουμε τρόπους να διαχειριστούμε καλύτερα τα χρήματά μας και να κάνουμε τα πρώτα μας βήματα σε πιο σύγχρονες επενδυτικές λύσεις (π.χ. ETFs), αλλά είναι συχνά δύσκολο να βρούμε πληροφορίες που να αφορούν συγκεκριμένα τα κυπριακά φορολογικά δεδομένα και τις πλατφόρμες που έχουμε διαθέσιμες εδώ.

Για τον λόγο αυτό, έφτιαξα μια ομάδα στο FB (Επενδύσεις Κύπρος / Cyprus Investing), με στόχο να μοιραζόμαστε πρακτικές εμπειρίες και να μαθαίνουμε μαζί τα βασικά, χωρίς περίπλοκες αναλύσεις και "ειδικούς".

Θέλω να δημιουργήσω έναν χώρο που να βοηθά ο ένας τον άλλο να κατανοήσουμε πώς λειτουργεί η αποταμίευση και οι επενδύσεις στον τόπο μας.

Αν κάποιος ενδιαφέρεται να συμμετέχει, μπορεί να ρίξει μια ματιά στα σχολια πιο κατω!

Θα χαρώ να δω και άλλους που έχουν το ίδιο ενδιαφέρον για την οικονομική παιδεία στην Κύπρο!

r/cyprus • • Apr 27 '26

Economy Is mass culling really the only way to deal with foot-and-mouth disease (αφθώδης πυρετός) in Cyprus?

7 Upvotes

In the past few days there has been significant tension in Cyprus regarding the handling of foot-and-mouth disease (αφθώδης πυρετός) in livestock farming, with strong reactions from farmers and widespread public debate about whether the response is proportionate and effective.

On one side, the government position, aligned with European Union guidelines as it appears, is that when infection is detected in a farm, the entire herd must be culled to prevent further spread. This is presented as a strict biosecurity measure aimed at protecting the wider agricultural sector and limiting systemic risk.

For livestock farmers, however, this approach can mean total economic loss in a single confirmed case. It raises concerns about whether the system leaves any realistic path to recovery after a culling event, and whether it discourages long-term participation in the sector. It also creates a sense of vulnerability where a limited outbreak can escalate into widespread disruption across the industry.

If relatively small-scale infections can trigger such severe outcomes, is there room for alternative containment strategies or exemptions? And does this structure unintentionally increase systemic risk, rather than reduce it? Especially considering the lack of control of RoC authorities in the occupied areas.

I’m trying to understand whether mass culling is truly the only effective tool available, or whether there are viable alternatives that are not being fully considered, and what balance should be struck between biosecurity and economic sustainability in the livestock sector.

r/cyprus • • Feb 25 '26

Economy Η Κύπρος ξεπέρασε τη Γαλλία σε κατά κεφαλήν ΑΕΠ (αγοραστική δύναμη)

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39 Upvotes

r/cyprus • • Jan 28 '26

Economy Disposable Median income (adjusted for PPP) in Cyprus is higher than all Nordics outside of oil rich Norway

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19 Upvotes

r/cyprus • • Jul 16 '25

Economy Cyprus had the highest budget surplus in the Eurozone in 2024

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59 Upvotes

r/cyprus • • 7d ago

Economy Renters spending over 40% of income on housing, EU and neighbours, 2025

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5 Upvotes