News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyCyprus among EU’s most oil-dependent countries in 2024, Eurostat report says
Nicosia, Cyprus. Cyprus remained one of the European Union’s most oil-dependent countries in 2024, with 86 per cent of the energy available on the island coming from crude oil and petroleum products, according to…
EconomyYoungShip Cyprus elects new board for 2026–2028 term at Limassol annual meeting
Limassol, Cyprus. YoungShip Cyprus held its annual general meeting in early March, where members approved plans for the…
EconomyCIBA joins CITHA to boost Cyprus presence in Europe’s international trade network
Nicosia, Cyprus. The Cyprus International Business Association (CIBA) has joined the European Confederation of International Trading Houses Associations…
EconomyKedipes completes IT upgrade and migration to Amplitude V11 platform
Nicosia, Cyprus. State-owned asset management company Kedipes said it has completed a technological upgrade of its IT system…
EconomySyprodat urges dialogue and balance as Cyprus foreclosure debate intensifies
Nicosia, Cyprus. The Cyprus Borrowers Association (Syprodat) on Tuesday called for careful and balanced handling of the foreclosure…
EconomyAlpha Bank Cyprus fined €160,000 over abusive terms in mortgage loan agreements
Nicosia, Cyprus. The consumer protection service fined Alpha Bank Cyprus €160,000 over abusive terms in mortgage loan agreements…
EconomyCyprus banks association opposes proposed amendments on payment account access
Nicosia, Cyprus. The Association of Cyprus Banks has voiced strong disagreement with proposed legislative amendments affecting access to…
EconomyNexans completes deep-sea cable trial for Great Sea Interconnector and reports 3,000-metre record
Brussels, Belgium. Nexans said it successfully completed an undersea trial of the cable intended for the Great Sea…
EconomyCyprus fuel prices rise as crude volatility fuels expectations of further increases
Nicosia, Cyprus. International market turbulence is keeping pressure on fuel prices in Cyprus, even as oil eased on…
EconomyACEMPI president joins corporate governance panel at CyIoDCG launch in Nicosia
Nicosia, Cyprus. Ioannis Georgoulas, president of the Association of Electronic Money and Payment Institutions (ACEMPI), participated in a…
EconomyPelagic Credit begins trading on Oslo Stock Exchange after $75 million initial raise
Oslo, Norway. Pelagic Partners said its new investment platform, Pelagic Credit, has been listed and began trading on…