News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyCyprus and Egypt sign framework agreement on commercial development of Cypriot natural gas
Cairo, Egypt. The governments of Cyprus and Egypt signed a framework agreement on Monday for the commercial development of natural gas, on the sidelines of the Egypt Energy Show in Cairo. Cypriot Energy Minister…
EconomyCyprus industrial production index rises 3.7% year-on-year in January 2026
Nicosia, Cyprus. The Statistical Service of Cyprus (Cystat) reported a 3.7% year-on-year increase in the Industrial Production Index…
EconomyCySEC completes Global Money Week 2026 programme across Cyprus
Nicosia, Cyprus. The Cyprus Securities and Exchange Commission (CySEC) said it has completed its participation in Global Money…
EconomyAirlines cut capacity and raise fares as jet fuel prices double after Iran conflict
Washington, United States. Airlines are cutting capacity and raising fares after jet fuel prices doubled since the outbreak…
EconomyCyprus energy ministry links gas cylinder price rise to higher butane and propane costs
Nicosia, Cyprus. Cyprus’ energy ministry said on Monday that the recent 20 per cent increase in gas cylinder…
EconomyMorningstar DBRS warns Greece and Cyprus face heightened risks from Middle East disruptions
Athens, Greece. Greece and Cyprus are especially exposed to geopolitical shocks from the Middle East because tourism and…
EconomyCyprus Customs reports 5.6% rise in 2025 revenues, adding more than €75 million
Nicosia, Cyprus. Cyprus’ Customs Department said total revenues in 2025 rose 5.6% compared with 2024, adding more than…
EconomyPasika urges Cyprus government to expand Middle East crisis support to include leisure centres
Nicosia, Cyprus. Cyprus’ hospitality venues association (Pasika) on Monday called on the government to broaden its support response…
EconomyEAC proposes two cable routes to electrify Acheritou area within Dhekelia British base territory
Acheritou, Cyprus. The Electricity Authority of Cyprus (EAC) has proposed two alternative routes for installing power cables to…
EconomyBank of Cyprus wins two Euromoney Private Banking Awards 2026 for second straight year
Nicosia, Cyprus. Bank of Cyprus said it received two distinctions at the Euromoney Private Banking Awards 2026, marking…
EconomyOev warns high energy costs still threaten competitiveness as Cyprus pursues green transition
Nicosia, Cyprus. Cypriot businesses are still grappling with high energy costs, with employers’ federation Oev warning the issue…