News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyAsbis Group reports $60.2 million net profit for 2025 on record revenue growth
Nicosia, Cyprus. Cyprus-based IT distributor Asbis Group reported a net profit of $60.2 million for 2025, describing a record year driven by strong demand across multiple technology segments. Net profit increased from $54.2 million…
EconomyCentral Bank of Cyprus reports deposit growth slowdown and faster loan expansion in February 2026
Nicosia, Cyprus. The Central Bank of Cyprus reported that total deposits rose 4.7% year-on-year in February 2026, while…
EconomyRIF launches two Cyprus funding calls to link research with business innovation
Nicosia, Cyprus. The Research and Innovation Foundation (RIF) announced two new funding calls to bring research closer to…
EconomyCyprus announces €200 million cost relief package as electricity market debate continues
Nicosia, Cyprus. The government announced a €200 million package of eight measures aimed at combating rising costs after…
EconomyCyprus to present new tax reform to Greek businesses and investors in Athens on April 21
Athens, Greece. A presentation of Cyprus’ new tax reform will be held in Athens on April 21, targeting…
EconomyCyprus House passes law restricting permits for commercial solar parks on protected and arable land
Nicosia, Cyprus. Cyprus’ House plenary on Thursday passed a law aimed at curbing the granting of permits for…
EconomyCyprus House approves bill allowing CyTA to expand into renewables energy sector
Nicosia, Cyprus. The Cyprus Telecommunications Authority (CyTA) received approval on Thursday to expand into the energy sector, specifically…
EconomyCyprus business groups react to government’s eight-measure support package amid rising costs
Nicosia, Cyprus. The Cyprus chamber of commerce and industry (Keve) said it was satisfied with a package of…
EconomyDemetra Holdings Plc completes purchase of 8,132 own shares in March 24 trading session
Nicosia, Cyprus. Demetra Holdings Plc said it completed the purchase of 8,132 of its own shares during a…
EconomyCyprus fuel prices see largest daytime jump in three years amid Middle East conflict
Nicosia, Cyprus. Consumer fuel prices increased by the largest amount seen in the last three years during business…
EconomyCablenet reports €69.7 million 2025 revenue and outlines operational transformation in Cyprus
Nicosia, Cyprus. Cablenet Communication Systems PLC reported revenue of €69.7 million for the year ended December 31, 2025,…