News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyCyprus sees rise in hybrid and electric car registrations as overall vehicle market grows
Nicosia, Cyprus. Cyprus recorded a sharp rise in electric and hybrid vehicle registrations in the first four months of 2026 as total new vehicle registrations increased by 15.1% year-on-year, according to the Cyprus Statistical…
EconomyFitch says Cyprus among EU states with most fiscal space to respond to potential new energy shock
Nicosia, Cyprus. Cyprus is among European Union countries with the greatest fiscal space to respond to a potential…
EconomyHalloumi spelling shift abroad sparks discussion as “haloumi” appears on shelves
Nicosia, Cyprus. Cyprus’ best-known cheese is increasingly appearing abroad under the altered spelling “haloumi,” prompting discussion over naming,…
EconomyICS Secretary General meets Panama president as maritime leaders gather for regional convention
Panama City, Panama. International Chamber of Shipping (ICS) Secretary General Thomas Kazakos met Panama’s President Jose Raul Mulino…
EconomyDamianos urges EU to put SMEs at core of competitiveness and strategic autonomy agenda
Nicosia, Cyprus. Energy Minister Michalis Damianos said small and medium-sized businesses must be placed at the centre of…
EconomyJumbo says Cyprus sales fell 3% in April as Easter shift and Middle East uncertainty weighed
Nicosia, Cyprus. Greek retail chain Jumbo said sales at its Cyprus stores fell by around 3 per cent…
EconomyEurobank reports €351 million adjusted net profit for Q1 2026 on strong lending growth
Athens, Greece. Eurobank reported an adjusted net profit of €351 million for the first quarter of 2026, citing…
EconomyCyprus maritime education competition highlights artificial intelligence in shipping and supply chains
Nicosia, Cyprus. Cyprus’ maritime education sector focused on artificial intelligence this week during the annual Competition Award Ceremony…
EconomyASBISc reports record Q1 2026 net profit of $36.3 million and revenue of $1.27 billion
Nicosia, Cyprus. ASBISc Enterprises Plc reported a record net profit of $36.3 million and revenue of $1.27 billion…
EconomyCyprus retail trade volume rises 0.5% in March 2026 as euro area dips, Eurostat says
Nicosia, Cyprus. Cyprus recorded a monthly increase in retail trade volume in March 2026, according to Eurostat, outperforming…
EconomyCyprus deposit rates among eurozone’s lowest in March 2026 as inflation rises to 2.8% in April
Nicosia, Cyprus. Cyprus recorded some of the lowest deposit interest rates in the eurozone in March 2026, while…