News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyCyprus PropTech draws Greek investor interest as Qualco and Golden Age Capital back local firms
Nicosia, Cyprus. Cyprus’ PropTech sector drew early attention in 2026 as two deals within four weeks brought Greek institutional investors into Cyprus-born companies. Funding data remains limited across sectors, but PropTech has stood out…
EconomyDDoS attacks rise, raising risks for Cyprus banks, payments and iGaming sectors, Qrator Labs says
Nicosia, Cyprus. A sharp rise in DDoS attacks is increasing risk for Cyprus’ banking, payments and iGaming sectors,…
EconomyCyprus ranks second in EU for weekend work rate in 2025, Eurostat says
Nicosia, Cyprus. Cyprus recorded one of the highest rates of weekend work in the European Union in 2025,…
EconomyCyprus household assets hit €65.1 billion in December 2025 as debt ratio edges down, CBC says
Nicosia, Cyprus. Cyprus household financial assets reached €65.1 billion at the end of December 2025, while household debt…
EconomyOPEC+ agrees modest June output hike as Hormuz disruption limits physical supply impact
Vienna, Austria. OPEC+ agreed on Sunday to raise oil output targets for June by 188,000 barrels per day,…
EconomyGovernment and Akel exchange statements over Cyprus economy and workers’ rights
Nicosia, Cyprus. The government and Akel exchanged strongly worded statements on Saturday over the state of the economy,…
EconomyVafeades defends split of Larnaca port and marina redevelopment into two parallel projects
Larnaca, Cyprus. Transport Minister Alexis Vafeades defended the government’s decision to split the redevelopment of Larnaca’s port and…
EconomyUK retailers report steepest annual sales decline in over 40 years, CBI survey shows
London, United Kingdom. British retailers reported the broadest year-on-year decline in sales in more than 40 years in…
EconomyChristodoulides cites wage, tax and social security measures in May Day address
Nicosia, Cyprus. President Nikos Christodoulides outlined what he described as his government’s achievements benefiting workers in an address…
EconomyEuro area and EU GDP growth slows to 0.1% in first quarter of 2026, Eurostat says
Brussels, Belgium. Seasonally adjusted GDP rose by 0.1% in both the euro area and the EU in the…
EconomyBank of Cyprus reports total issued share capital and voting rights
Nicosia, Cyprus. Bank of Cyprus issued an update on its total issued share capital and voting rights, providing…