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News: Economy

Cyprus news in the “Economy” category — updated throughout the day.

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Cyprus banks to close nationwide on May 1, 2026 for Labour DayEconomy
Economy

Cyprus banks to close nationwide on May 1, 2026 for Labour Day

Nicosia, Cyprus. The Central Bank of Cyprus (CBC) said all banks will remain closed on May 1, 2026 in observance of Labour Day. The closure applies to the entire Cyprus banking system. Nationwide bank…

April 22, 2026
Cyprus and Egypt review 2024 labour mobility deal on employment of Egyptian workers in CyprusEconomy

Cyprus and Egypt review 2024 labour mobility deal on employment of Egyptian workers in Cyprus

Cairo, Egypt. Cyprus and Egypt reviewed the implementation of a 2024 labour mobility agreement covering the employment of…

April 22, 2026
Cyprus posts 3.4% of GDP budget surplus in 2025, Eurostat figures showEconomy

Cyprus posts 3.4% of GDP budget surplus in 2025, Eurostat figures show

Nicosia, Cyprus. Cyprus maintained one of the strongest fiscal positions in the European Union in 2025, recording a…

April 22, 2026
Germany says Kazakh crude deliveries to PCK Schwedt may stop from May, supply not at riskEconomy

Germany says Kazakh crude deliveries to PCK Schwedt may stop from May, supply not at risk

Berlin, Germany. Germany’s Economy Ministry said it has been informed that no Kazakh crude oil may reach the…

April 22, 2026
Invest Cyprus and Enterprise Greece renew cooperation memorandum to boost high-value investment tiesEconomy

Invest Cyprus and Enterprise Greece renew cooperation memorandum to boost high-value investment ties

Athens, Greece. Invest Cyprus and Enterprise Greece renewed and expanded their strategic memorandum of cooperation this week to…

April 22, 2026
Cyprus posts €1.24 billion budget surplus in 2025, Cystat preliminary results showEconomy

Cyprus posts €1.24 billion budget surplus in 2025, Cystat preliminary results show

Nicosia, Cyprus. Cyprus recorded a budget surplus of €1.24 billion in 2025, according to preliminary fiscal results released…

April 22, 2026
AmCham Cyprus moderates US market panel at 10th Cyprus Professional Services ConferenceEconomy

AmCham Cyprus moderates US market panel at 10th Cyprus Professional Services Conference

Nicosia, Cyprus. The American Chamber of Commerce in Cyprus (AmCham Cyprus) participated in the 10th Cyprus Professional Services…

April 22, 2026
CBC reports sharp fall in bounced cheque registrations in 2025Economy

CBC reports sharp fall in bounced cheque registrations in 2025

Nicosia, Cyprus. The Central Bank of Cyprus reported a sharp drop in the average monthly number of individuals…

April 22, 2026
WISTA Cyprus opens nominations for 2026 Diversity and Inclusion in Shipping AwardsEconomy

WISTA Cyprus opens nominations for 2026 Diversity and Inclusion in Shipping Awards

Nicosia, Cyprus. WISTA Cyprus has launched the 2026 Diversity and Inclusion in Shipping Awards, with nominations now open…

April 22, 2026
Eurolife wins six awards at 5th Digital Finance Awards 2026Economy

Eurolife wins six awards at 5th Digital Finance Awards 2026

Nicosia, Cyprus. Eurolife received six accolades, including four Gold and two Silver awards, at the 5th Digital Finance…

April 22, 2026
Columbia Group appoints Andreas Hadjipetrou as CEO, with Demetris Chrysostomou named deputy CEOEconomy

Columbia Group appoints Andreas Hadjipetrou as CEO, with Demetris Chrysostomou named deputy CEO

Nicosia, Cyprus. Columbia Group has appointed Andreas Hadjipetrou as chief executive officer, replacing Mark O’Neil, who is stepping…

April 22, 2026