News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyOil nears $107 as Cyprus faces fuel concerns, fintech expansion and port planning challenges
Renewed attacks threaten Gulf oil exports, while discussions in Limassol highlight regulatory demands on fintech and the need for coordinated port investment planning.
EconomyDefa targets contract award before next summer for Vasiliko gas terminal completion
Defa chairman George Pistentis says the new tender addresses previous problems, with eight parties interested and a contract…
EconomyGreece seeks survey exemption to restart Great Sea Interconnector work
Greece has requested an exemption for the French-flagged Abeille Marengo to survey the seabed for the planned electricity…
EconomyFuel stocks available despite indefinite K-Pet strike, petrol station owners say
Petrol station owners’ chairman Levent Cagdal says fuel stocks remain available as an indefinite K-Pet strike continues over…
EconomyCyprus audit watchdog acts over allegations involving Deloitte and Abramovich assets
Cyprus’s audit oversight board is acting on allegations that Deloitte Cyprus used backdated paperwork to help conceal billions…
EconomyCyprus and Germany explore business ties in energy storage and electric mobility
A German business delegation is meeting Cypriot companies and energy stakeholders to explore partnerships in storage, smart grids…
EconomyCyprus expands support for rural women’s access to funding and business opportunities
Gender Equality Commissioner Josie Christodoulou outlined training and government measures to strengthen rural women’s economic independence, including digital…
EconomyCyprus bounced cheque numbers rise 47.8% in September despite nine-month decline
Central Bank of Cyprus data show 34 bounced cheques worth €97,622 in September 2026, while both their number…
EconomyLimassol port shore-power plan awaits grid applications and European funding
Technical studies for shore-side electricity at Limassol port have advanced, but grid connection applications remain pending and an…
EconomyShipping agents chief urges coordinated planning for Cyprus port investment
Reginos Tsanos called for joint planning across shipping, energy and environmental protection to support viable port projects and…
EconomyOil rises towards $107 as Gulf attacks raise fuel cost concerns in Cyprus
Renewed attacks on vessels in the Strait of Hormuz and Saudi energy infrastructure pushed oil prices higher, adding…