News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyCyprus Trading Corporation board to meet on January 30 to finalise financial results
Nicosia, Cyprus. Cyprus Trading Corporation said its board of directors will meet at the end of the month to finalise key financial results. The company said it will issue a further update after the…
EconomyUnions report improvements at Larnaca port after December working conditions agreement
Larnaca, Cyprus. Trade unions Peo and Sek said on Friday that agreements reached with the ports authority in…
EconomyCyprus discusses further natural gas drilling and expanded cooperation with ExxonMobil
Nicosia, Cyprus. Cyprus’ plans for further natural gas drilling in blocks 5 and 10 and the prospect of…
EconomyNorth sets minimum wage at 60,618TL gross after commission rejects trade union appeal
Nicosia, Cyprus. The north on Friday set its monthly minimum wage at 60,618TL (€1,191) gross after its minimum…
EconomySafe Bulkers agrees to acquire two newbuild Kamsarmax dry-bulk vessels
Limassol, Cyprus. Safe Bulkers, Inc., a Limassol-linked dry-bulk shipowner listed on the New York Stock Exchange, said it…
EconomyTax reform enters into force with higher tax-free threshold and revised income tax rates
Nicosia, Cyprus. A tax reform has entered into force, with citizens, families and businesses beginning to see a…
EconomyCyprus competition authority receives merger notification on Cerberus acquisition of Alpha Bank Cyprus NPL portfolio
Nicosia, Cyprus. The Cyprus Commission for the Protection of Competition said on Friday it received a merger notification…
EconomyEurobank prices €400 million Tier 2 notes with €3.8 billion order book
Athens, Greece. Eurobank announced it had successfully priced a €400 million issuance of fixed rate reset subordinated Tier…
EconomyCyprus banking sector non-performing loan ratios fall further in October 2025, central bank says
Nicosia, Cyprus. The Central Bank of Cyprus said the Cypriot banking sector’s non-performing loan ratio continued to decline…
EconomyCyprus property transfers top €4.7 billion in 2025 as sales documents rise 15%
Nicosia, Cyprus. Cyprus’ real estate market strengthened in 2025, with property transfer values exceeding €4.7 billion and sales…
EconomyEU greenhouse gas emissions fall in 2024 as Cyprus cuts emissions intensity by 28.9%
Brussels, Belgium. Greenhouse gas emissions across the European Union fell again in 2024, while Cyprus recorded a sharp…