News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyRising rents in Cyprus outpace wages, data show
Nicosia, Cyprus. Finding a home at a reasonable price in Cyprus is becoming increasingly difficult as rents take up a growing share of household income, particularly for low-income earners. Data cited by Philenews indicate…
EconomyCyprus reports mixed early 2026 economic indicators, with construction and tourism gains
Nicosia, Cyprus. Cyprus’ economy showed mixed but generally positive developments in early 2026, with gains in construction, tourism,…
EconomyCyprus posts solid real minimum wage gains in 2026, BestBrokers analysis finds
Nicosia, Cyprus. Cyprus recorded solid gains in real minimum wages in 2026 despite inflation pressure across much of…
EconomyBank of Cyprus named Best Private Bank Cyprus 2026 in Global Banking & Finance Awards
Nicosia, Cyprus. The Bank of Cyprus (BoC) has been named ‘Best Private Bank Cyprus 2026’ in the Global…
EconomyHigh-growth companies stay private longer as partial liquidity gains importance
Washington, United States. More high-growth companies have been staying private for longer, a shift linked to less predictable…
EconomyKeve to hold generative AI tools training seminar in Nicosia on May 18, 2026
Nicosia, Cyprus. The Cyprus Chamber of Commerce and Industry (Keve) announced a training seminar on generative artificial intelligence…
EconomyCyprus Ports Authority launches €4.88 million tender for premises at Limassol Old Port
Limassol, Cyprus. The Cyprus Ports Authority has launched a tender to grant a licence to use and operate…
EconomyRevised bids for Paphos–Polis road project exceed initial cost estimates, authorities say
Paphos, Cyprus. Revised bids for the Paphos–Polis road project have been submitted above initial cost estimates, the transport…
EconomyState Aid Commissioner approves grant for Plug and Play Cyprus Innovation Centre operations
Nicosia, Cyprus. State Aid Commissioner Stella Michaelidou has approved a state grant to Plug and Play Cyprus Innovation…
EconomyOev outlines 2025 labour developments ahead of annual assembly in Nicosia
Nicosia, Cyprus. The Employers and Industrialists Federation (Oev) outlined key labour developments for 2025 ahead of its annual…
EconomyCyprus city centres show rising rents alongside vacant plots and deteriorating buildings
Nicosia, Cyprus. Vacant plots and deteriorating older buildings sit alongside rising rents in Cyprus city centres, a pattern…