News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyPwC study says 74% of AI economic value captured by 20% of companies
London, United Kingdom. PwC said three-quarters of AI’s economic gains are being captured by just 20% of companies, as leading businesses use the technology to drive growth rather than only improve productivity. Study findings…
EconomyCyprus petroleum product sales rise 18.6% in March 2026, Cystat reports
Nicosia, Cyprus. Petroleum product sales in Cyprus rose 18.6% year-on-year in March 2026 to 127,272 tonnes, according to…
EconomyCyprus average monthly earnings rise to €2,605 in 2025 as median remains at €1,968
Nicosia, Cyprus. Average monthly earnings of employees in Cyprus rose to €2,605 in 2025, according to a report…
EconomyLarnaca signs €6.38 million contract to build central bus station in marina area
Larnaca, Cyprus. A contract worth €6.38 million plus VAT for the construction of Larnaca’s central bus station was…
EconomyZubr Capital makes Series A investment in Cyprus-based Soloband Games
Nicosia, Cyprus. Private equity firm Zubr Capital has announced a Series A investment in Cyprus-based Soloband Games. The…
EconomyCyprus economy resilient amid uncertainty, but energy costs and reform delays curb prospects, Oev says
Nicosia, Cyprus. Cyprus’ economy has shown resilience despite rising geopolitical uncertainty, but high energy costs, delayed reforms and…
EconomyGenikes Insurance wins multiple honours at 5th Digital Finance Awards 2026
Athens, Greece. Genikes Insurance on Monday announced it secured multiple distinctions at the recently held 5th Digital Finance…
EconomyCyprus digital book purchases rise in 2025 but remain below EU average, Eurostat data shows
Nicosia, Cyprus. Cyprus recorded 7.87% of internet users purchasing e-books or audiobooks in 2025, according to Eurostat, remaining…
EconomyCyprus public procurement law: Common misconceptions and what EU rules require
Nicosia, Cyprus. Public procurement procedures in Cyprus are often affected by misconceptions about award criteria, document errors and…
EconomyGreek consumers plan beauty and wellness spending more strategically, Revolut survey finds
Athens, Greece. Greek consumers are taking a more structured approach to spending on beauty and wellness products, according…
EconomyCyprus posts higher general government surplus in Q4 2025 as revenues rise, Cystat says
Nicosia, Cyprus. Cyprus’ general government recorded a surplus of €119.40 million in the fourth quarter of 2025, up…