News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyTreasury reports 2025 state budget deficit at €1.79 billion
Nicosia, Cyprus. The Treasury said the 2025 state budget deficit reached €1.79 billion, according to its official fiscal report released this week. The report outlines projected and actual state revenues and expenditures for the…
EconomyEurobank extends voluntary exit scheme application deadline to March 28, 2026
Nicosia, Cyprus. Eurobank extended the deadline for applications to its voluntary exit scheme to Friday, March 28, 2026.…
EconomyCyprus construction stakeholders call for closer coordination amid licensing delays and labour shortages
Paphos, Cyprus. Cyprus’ construction sector needs closer coordination among contractors, engineers, architects and the state to address mounting…
EconomyEtek urges immediate measures on energy costs, warns long-term solutions need major public investment
Nicosia, Cyprus. The head of the scientific and technical chamber (Etek), Constantinos Constanti, said immediate relief measures can…
EconomyCyprus post-crisis recovery cited alongside 2013 bail-in costs and banking-sector losses
Nicosia, Cyprus. Cyprus’s post-crisis economic recovery has been cited as a success marked by a return to investment-grade…
EconomyEurobank appoints Alexandra Reich as independent non-executive board member
Athens, Greece. Eurobank S.A. announced that its board of directors has appointed Alexandra Reich as an independent non-executive…
EconomyCapital Intelligence affirms Cyprus BBB+ rating as parliament reviews credit data reforms
Nicosia, Cyprus. Capital Intelligence Ratings on Monday affirmed Cyprus’ long-term foreign currency rating at BBB+ with a stable…
EconomyLarnaca chamber backs separation of port and marina and supports modern port development
Larnaca, Cyprus. The Larnaca Chamber of Commerce and Industry (Evel) expressed unanimous support for separating the city’s port…
EconomyColumbia Group flags readiness gap as CRA Europe 2026 focuses on EU Cyber Resilience Act
Bucharest, Romania. Columbia Group has warned that a widening gap between cyber regulation and operational readiness is holding…
EconomyCyprus finance minister says now is not the time to impose ‘green taxes’ amid energy crunch
Nicosia, Cyprus. Finance Minister Makis Keravnos said on Monday that now is not the time to impose ‘green…
EconomyCyprus government begins stakeholder talks on second pillar of pension reform
Nicosia, Cyprus. The government held talks on Monday with stakeholders on the second pillar of pension reform, which…