News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyECB’s Cipollone says digital euro could cut payment costs and reduce reliance on foreign providers
Nicosia, Cyprus. European Central Bank executive board member Piero Cipollone said the digital euro could help reduce payment costs for small businesses and lower Europe’s reliance on non-European payment providers. Cost and resilience arguments…
EconomyTrump backs proposed Nexstar-Tegna merger as Newsmax warns of broadcast consolidation
Washington, United States. U.S. President Donald Trump on Saturday publicly backed a proposed merger between local television station…
EconomyScope upgrades Cyprus long-term credit rating to ‘A’ citing lower debt and stronger finances
Berlin, Germany. Credit rating agency Scope upgraded Cyprus’ long-term credit rating from ‘A-’ to ‘A’, citing lower public…
EconomyEktam workers in northern Cyprus strike for 24 hours over unionisation claims
Nicosia, Cyprus. Workers at Ektam, the north’s producer of Pepsi and other soft drinks, have gone on a…
EconomyEU commissioner urges member states to use cohesion funds to strengthen water resilience
Nicosia, Cyprus. EU water resilience commissioner Jessika Roswall said there has been long-term underspending on water security and…
EconomyLimassol debate examines shipping amid geopolitical shifts and green, digital transition
Limassol, Cyprus. Columbia Plaza in Limassol hosted a debate on “Shipping through times of turbulence and innovation” organised…
EconomyDisy submits bill to limit guarantors’ liability in auctions and repossessions
Nicosia, Cyprus. Opposition party Disy has presented a proposed law aimed at relieving thousands of guarantors who remain…
EconomyCyprus motor vehicle registrations rise 6.7% in January 2026 as hybrids gain share
Nicosia, Cyprus. Cyprus recorded an increase in motor vehicle registrations in January 2026, according to figures released on…
EconomyCyprus hosts first island event with ECB participation on the digital euro
Nicosia, Cyprus. Cyprus joined the European discussion on the digital euro on Friday as policymakers, bankers and institutions…
EconomyCyprus drafts changes to land acquisition rules amid concerns over foreign property purchases
Nicosia, Cyprus. Cyprus is preparing changes to its land acquisition framework after concerns were raised over increased property…
EconomyUS rejects Net Zero Framework at Greek Shipping Forum maritime decarbonisation debate
Athens, Greece. Cyprus shipping deputy minister Marina Hadjimanolis joined ministers and international officials in a debate on maritime…