News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyCYFA sets new targets to upgrade Cyprus administrative services sector
Nicosia, Cyprus. The Cyprus Fiduciary Association (CYFA) announced new targets and actions to upgrade the administrative services sector, with an emphasis on strengthening Cyprus’ international image as a reliable business centre. Targets and strategic…
EconomyCyprus lawmakers urge vote on bill regulating foreign real estate purchases before parliament dissolves
Nicosia, Cyprus. Lawmakers on the House Interior Committee on Thursday urged that a legislative proposal regulating the purchase…
EconomyCyprus parliament approves Cyta’s €597.9 million 2026 budget, backs scrutiny of senior hires
Nicosia, Cyprus. Parliament on Thursday approved Cyta’s €597.9 million budget for 2026 with 33 votes in favour and…
EconomyChristodoulides meets Eni CEO in Rome as Kronos gas investment decision nears
Rome, Italy. President Nikos Christodoulides met Eni chief executive officer Claudio Descalzi on Friday as the company’s final…
EconomyEAC workers stage two-hour strike over government energy policies and Cyta market entry plans
Nicosia, Cyprus. Workers at the electricity authority (EAC) went on strike for two hours on Friday morning, protesting…
EconomyCySEC instructs investment firms to report 2025 cross-border activity via ESMA questionnaire
Nicosia, Cyprus. The Cyprus Securities and Exchange Commission (CySEC) issued a circular instructing Cyprus Investment Firms (CIFs) to…
EconomyEU posts €199.6 billion goods trade surplus with the United States in 2025, Eurostat says
Brussels, Belgium. The European Union exported €554.0 billion worth of goods to the United States and imported €354.4…
EconomyCyprus Shipping Chamber briefs members on new tax reform framework
Nicosia, Cyprus. The Cyprus Shipping Chamber held its February members’ meeting this week, briefing members on the new…
EconomyMaritime cyberattacks rose 103% in 2025 as vessel operational systems became targets, CYTUR report says
Washington, United States. Cyberattacks targeting the global maritime industry rose 103% in 2025 to 828 incidents, up from…
EconomyCyprus total deposits fell by €851.2 million in January 2026 as annual loan growth rose
Nicosia, Cyprus. The Central Bank of Cyprus (CBC) reported a net decrease of €851.2 million in total deposits…
EconomyEU weighs ban on maritime services for Russian crude exports, seeks G7 backing
Bishkek, Kyrgyzstan. Cypriot, Greek and Maltese shipping operators could be among the most affected by a proposed European…