News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyCyprus warns of power supply risks by 2030 without natural gas and completion of Vasiliko terminal
Nicosia, Cyprus. Cyprus could face serious electricity supply problems by 2030 if natural gas is not introduced by then, Energy Minister Michael Damianos said on Tuesday, describing completion of the delayed Vasiliko liquefied natural…
EconomyCyprus real estate growth must focus on quality of life, says Blackbook Agency founder
Nicosia, Cyprus. Cyprus should move beyond measuring success in real estate by the number of projects completed and…
EconomyCyprus posts highest EU monthly retail trade growth in May 2026, Eurostat says
Nicosia, Cyprus. Cyprus recorded the highest monthly increase in retail trade volume among European Union member states in…
EconomyCyprus leading economic index stays negative in June 2026, though decline moderates
Nicosia, Cyprus. Cyprus’ Composite Leading Economic Index remained in negative territory in June 2026, recording a year-on-year decline…
EconomyAlpha Bank Cyprus reshuffles executive committee as housing loans rise and Aegean returns to Paphos
Nicosia, Cyprus. Alpha Bank Cyprus announced changes to its executive committee, while new housing loans in Cyprus increased…
EconomyCyprus posts EU’s largest monthly rise in industrial producer prices in May 2026
Nicosia, Cyprus. Cyprus recorded the highest monthly increase in industrial producer prices in the European Union in May…
EconomyBank of England review of leverage rules could cut UK borrowing costs, banks say
London, United Kingdom. The Bank of England is reviewing how its leverage rules operate, a move banks say…
EconomyFuneral of businessman Nikos Shacolas held in Strovolos
Strovolos, Cyprus. Relatives, friends and politicians gathered on Monday for the funeral of businessman Nikos Shacolas. Among those…
EconomyEAC and defence ministry sign deal to install 4,400 LED bulbs in national guard camps
Nicosia, Cyprus. The electricity authority (EAC) and the defence ministry on Monday signed an agreement for the installation…
EconomyMall of Cyprus Plc sets annual general meeting for July 30, 2026
Nicosia, Cyprus. Mall of Cyprus (MC) Plc has announced that its board of directors will convene the company’s…
EconomyGlobalWealth Group nears completion of Wealthyhood share exchange
Nicosia, Cyprus. GlobalWealth Group PLC said on Monday it has reached substantial completion of its strategic share exchange…