News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyAxia-Alpha Finance raises targets for Greek and Cypriot banks, keeps buy ratings
Athens, Greece. Greek and Cypriot bank shares are expected to continue outperforming, with Axia-Alpha Finance raising its target prices and maintaining buy recommendations. The investment firm identified Eurobank and the Bank of Cyprus as…
EconomyCyta to acquire RedMax Data Centre as Cyprus growth slows in first quarter of 2026
Latsia, Cyprus. Cyta has signed an agreement to acquire the RedMax Data Centre in the Latsia Industrial Area,…
EconomyBank of England plans to relax bank capital rules to align with international standards
London, United Kingdom. The Bank of England on Tuesday outlined plans to relax rules on how much capital…
EconomyCyprus labour inspectors find 39 undeclared salaried employees in April checks
Nicosia, Cyprus. Cyprus’ labour inspection department said on Tuesday that 39 undeclared salaried employees were identified in April…
EconomyLivestock farmers oppose use of local herds to rebuild stock after foot and mouth cull
Nicosia, Cyprus. Livestock farmers objected on Tuesday after the government said it was considering using local herds to…
EconomyOrca Investments Plc completes dividend payment from 2023 retained earnings
Nicosia, Cyprus. Orca Investments Plc announced on Tuesday that it completed the payment of a dividend from the…
EconomyCyprus economic growth slows to weakest pace in ten quarters in first quarter of 2026
Nicosia, Cyprus. Cyprus’ economic growth slowed to its weakest pace in ten quarters in the first quarter of…
EconomyCyprus industrial sector posts higher value added and slight employment growth in 2024
Nicosia, Cyprus. Cyprus’ industrial sector recorded a modest increase in employment and higher value added in 2024, according…
EconomyCyprus building permits rise 44.1 per cent in first quarter of 2026
Nicosia, Cyprus. Cyprus recorded a sharp increase in building activity in the first quarter of 2026, with the…
EconomyBank of Cyprus updates privacy statement to align with EU data protection rules
Nicosia, Cyprus. Bank of Cyprus on Tuesday announced that it has revised its privacy statement as part of…
EconomyCyta signs deal to acquire and expand RedMax Data Centre in Cyprus
Latsia, Cyprus. Cyta has signed an agreement to acquire the RedMax Data Centre in the Latsia Industrial Area…