News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyCyprus inflation eases to 2.9% in July as fuel and clothing prices fall
Nicosia, Cyprus. Cyprus’ inflation rate eased to 2.9 per cent in July 2026 from 3.1 per cent in June, according to figures released by the statistical service Cystat on Thursday. Lower fuel prices and…
EconomyCyprus plans first solar electric passenger vessels by April 2027
Larnaca, Cyprus. Cyprus is set to introduce its first solar electric passenger vessels by April 2027 under a…
EconomyPaphos startup Sainni develops real-time AI assistant for sales teams
Paphos, Cyprus. Cyprus-based startup Sainni has developed an artificial intelligence sales assistant designed to support sales teams from…
EconomyPHC wins concession for commercial units at redeveloped old GSP
Nicosia, Cyprus. PHC Ltd has been awarded the concession to operate five commercial units at the redeveloped old…
EconomyCyprus accounted for 0.2% of EU economic output in 2025
Nicosia, Cyprus. Cyprus accounted for 0.2 per cent of total European Union gross domestic product in 2025, according…
EconomyCyprus retail trade volume falls 1 per cent in June
Nicosia, Cyprus. Retail trade volume in Cyprus fell by 1 per cent in June 2026 compared with the…
EconomyAsbis reports record $44.3 million quarterly net profit in second quarter of 2026
Limassol, Cyprus. Cyprus-based IT distributor ASBISc Enterprises Plc, commonly known as Asbis, reported its most profitable quarter on…
EconomyDemetra Holdings buys back 3,656 shares at €1.47 each
Nicosia, Cyprus. Demetra Holdings Plc repurchased 3,656 of its own shares on August 5, 2026, at a uniform…
EconomyTrading of May-issued 13-week Treasury bills to end on August 24
Nicosia, Cyprus. The Finance Ministry announced on Thursday that trading in 13-week Treasury bills issued in May under…
EconomyCyprus construction sector records strong growth in early 2026
Nicosia, Cyprus. Cyprus’ construction sector maintained strong growth in the first half of 2026, supported by new projects,…
EconomyMorgan Stanley raises targets for Alpha Bank and National Bank of Greece
Athens, Greece. Morgan Stanley has raised its price targets for Alpha Bank and the National Bank of Greece…