News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyCyprus parties pledge 10,000 new homes amid housing supply challenges
Nicosia, Cyprus. Cyprus’ political parties have pledged to deliver 10,000 new homes, shifting attention towards increasing housing supply amid concerns over rising rents, affordability and shortages. The pledge recognises the role of supply in…
EconomyMitsides approves €410,000 final dividend for 2023 financial year
Nicosia, Cyprus. Mitsides Public Company Limited approved a final dividend of €0.05 per share, totalling €410,000 from profits…
EconomyDemetra Holdings repurchases 4,960 shares at €1.53 each
Nicosia, Cyprus. Demetra Holdings announced on Monday that it repurchased 4,960 of its own shares following a board…
EconomyCyprus tax inspectors intensify checks on coastal businesses
Nicosia, Cyprus. Cyprus tax inspectors are carrying out round-the-clock checks, with a current focus on coastal businesses experiencing…
EconomyEurobank repurchases 2.91 million shares for €12.28 million
Athens, Greece. Eurobank repurchased 2,907,000 shares between July 13 and July 17, 2026, for a total of €12,284,211.15…
EconomyUniversity of Cyprus and banks association sign cooperation agreement
Nicosia, Cyprus. The University of Cyprus and the Association of Cyprus Banks (ACB) have signed a memorandum of…
EconomyHFC launches tender for advisory services on €135 million NPL portfolio sale
Nicosia, Cyprus. The Housing Finance Corporation has launched a tender for external advisory services to support the sale…
EconomyWear the Runway sees shift toward designer dress rentals in Cyprus
Nicosia, Cyprus. Wear the Runway, described as Cyprus’ first digital designer rental platform, is seeing growing acceptance of…
EconomyCyprus shipping minister warns of crisis as Hormuz conflict disrupts trade
Nicosia, Cyprus. Global shipping remains in “crisis mode” as fighting between the United States and Iran disrupts the…
EconomyCyprus risks losing €23 million in EU funding after landfill tax rejection
Nicosia, Cyprus. Parliament’s rejection of legislation introducing a municipal waste landfill tax has put €23 million in European…
EconomyCyprus advances central electricity storage projects to support renewable energy
Nicosia, Cyprus. Cyprus is accelerating the development of central electricity storage systems following a decision by the Transmission…