News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyBlackstone to acquire majority stake in Greece’s Skroutz from CVC Capital Partners
Athens, Greece. Blackstone said funds managed by its private equity business have reached a definitive agreement to acquire a majority stake in Skroutz from CVC Capital Partners Fund VII. Skroutz’s founders will sell part…
EconomyCyprus sees demand shift from investment to relocation and long-term living, developers group says
Limassol, Cyprus. Cyprus is seeing international demand shift from pure investment interest toward relocation, lifestyle and long-term presence,…
EconomyCyprus Stock Exchange extends suspension of Mr Pengu Public Company Ltd shares
Nicosia, Cyprus. The Cyprus Stock Exchange announced the continued suspension of trading in shares of Mr Pengu Public…
EconomyEurobank reports adjusted net profit of €351 million in first quarter of 2026
Nicosia, Cyprus. Eurobank S.A. released its interim consolidated financial statements on Monday, detailing its performance after publishing financial…
EconomyDemetra Holdings proposes €20 million dividend and extension of share buyback programme
Nicosia, Cyprus. Demetra Holdings Plc said its board of directors has proposed a total dividend payment of €20,000,000…
EconomyChartworld managing director warns geopolitical instability is undermining shipping forecasts
Chios, Greece. Chartworld Shipping Company managing director Antonis Faraklas said geopolitical instability is making international shipping harder to…
EconomyLimassol affordable rental housing project faces uncertainty amid municipality-Koag dispute
Limassol, Cyprus. Limassol’s plan to provide hundreds of affordable rental homes has entered a new period of uncertainty…
EconomyBank of Cyprus reports €121 million profit after tax in first quarter of 2026
Nicosia, Cyprus. The Bank of Cyprus reported a profit after tax of €121 million for the quarter ended…
EconomyVisa selects seven fintechs for 2026 Visa Innovation Programme Europe cycle in Greece, Cyprus and Malta
Athens, Greece. Visa has selected seven fintechs from Greece, Cyprus and Malta for the 2026 cycle of the…
EconomyCyprus treasury launches Power BI platform to track state budget execution
Nicosia, Cyprus. The treasury office has launched a new digital tool allowing citizens to monitor the implementation of…
EconomyOmdia raises 2026 semiconductor revenue forecast to 62.7% amid memory supply constraints
Nicosia, Cyprus. Market intelligence firm Omdia has raised its semiconductor revenue forecast for 2026 to 62.7%, citing unprecedented…