News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyMeridian acquires majority stake in Great Sea Interconnector
Paris, France. French asset management firm Meridian acquired a majority stake in the Great Sea Interconnector on Wednesday, taking over the controlling share previously held by Greece’s independent transmission system operator Admie. The deal…
EconomyUnions set September 17 strike deadline over hourly paid government workers’ pay
Nicosia, Cyprus. Trade unions representing hourly paid government employees said on Wednesday they will hold a nationwide 24-hour…
EconomyCyprus deposit rates remain below eurozone average in June 2026
Nicosia, Cyprus. Cyprus banks offered average deposit rates below the eurozone level in June 2026, while rates varied…
EconomyIndia and Cyprus urged to develop innovation cooperation roadmap
Nicosia, Cyprus. Cyprus and India should establish a structured roadmap for cooperation in startups, research and technology, Indian…
EconomyExtreme heat could cost Cyprus up to €3.8bn by 2050, study finds
Nicosia, Cyprus. Extreme heat could cost Cyprus between €2.3 billion and €3.8 billion by 2050 if workplaces are…
EconomyCSE lifts warning for CLR Investment Fund, retains labels for other listed companies
Nicosia, Cyprus. The Cyprus Stock Exchange on Wednesday announced the results of its latest review of listed companies’…
EconomyCyprus registered unemployment rises 5.8% year-on-year in July
Nicosia, Cyprus. Cyprus’ registered unemployed rose by 5.8 per cent year-on-year in July, reaching 11,728 people, according to…
EconomyCyprus industrial turnover rises 3.5 per cent in May
Nicosia, Cyprus. Cyprus’ Industrial Turnover Index rose by 3.5 per cent year-on-year in May 2026 to 148 units,…
EconomyEurobank reports higher first-half profit and highlights Cyprus growth plans
Nicosia, Cyprus. Eurobank reported higher profitability in the first six months of 2026, citing stronger lending, deposits and…
EconomyDemetra Holdings buys back 3,960 shares at €1.47 each
Nicosia, Cyprus. Demetra Holdings Plc repurchased 3,960 of its own shares on August 4, 2026, under its ongoing…
EconomyCyprus extends mortgage-to-rent scheme deadline after applications exceed 4,200
Nicosia, Cyprus. Cyprus has extended the deadline for applications to its mortgage-to-rent scheme until September 30 after a…