News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyDemetra Holdings reports €376.2 million in cash and deposits at end-September 2026
Demetra Holdings reported total assets of €513.5m, with cash and bank deposits accounting for 73.26 per cent at the end of September 2026.
EconomyCyprus concession revenue from airports and Limassol port reaches reported €1.57 billion
Figures reported by philenews put Cyprus’s airport and port concession income at €1.57 billion, with Limassol port receipts…
EconomyCyprus promotes shipping ties with Japan at Tokyo reception
Shipping Deputy Minister Marina Hadjimanolis hosted a Tokyo reception promoting the Cyprus flag, alongside plans to participate in…
EconomyEtyk says BoC-CDB agreement finalised with higher retirement payouts and staff protections
Etyk says negotiations raised the voluntary retirement payout ceiling to €350,000 and secured jobs at Bank of Cyprus…
EconomyIMF lifts Cyprus growth forecast for 2027 as government advances crypto oversight
The IMF projects Cyprus growth of 3.2 per cent in 2027, while proposed crypto legislation would introduce penalties…
EconomyWomen managed 6.5% of Cyprus’ agricultural area in 2023, Eurostat reports
Eurostat figures show women managed 6.5% of utilised farmland in Cyprus in 2023, compared with an EU average…
EconomyNicosia event to examine practical AI applications for businesses
AI in Practice will bring founders, SME owners and senior executives to European University Cyprus on 19 October…
EconomyChristodoulides says EU budget proposal could face cuts of more than 10 per cent
President Nikos Christodoulides said the EU’s proposed 2028–2034 budget could shrink by 10 or 11 per cent, warning…
EconomyRevised pension reform bill expected to reach social partners on Friday
Labour Minister Marinos Mousiouttas hopes to advance pension reforms swiftly, with implementation still targeted for January 1, 2027.
EconomyCyprus farming groups welcome rainfall as no significant damage reported
Farming organisations say recent rain has helped agriculture across Cyprus, while power has been restored to several farms…
EconomyCyprus and Brazil set up council to deepen business and investment ties
A new bilateral council will support investment and business partnerships, helping companies in Cyprus and Brazil reach markets…