News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyESMA not currently prioritising regulation of retail proprietary trading, CySEC chairman says
Paris, France. Retail proprietary trading is no longer among the European Securities and Markets Authority’s immediate regulatory priorities, according to Cyprus Securities and Exchange Commission chairman George Theocharides. He said ESMA is not currently…
EconomyPaphos broadens economy beyond tourism, KPMG Cyprus analysis says
Paphos, Cyprus. Paphos is developing into a more diversified business and investment centre, with tourism increasingly complemented by…
EconomyCyprus growth forecasts cut as Eurobank unveils tech plan and Digital Cyprus Conference opens
Nicosia, Cyprus. The Central Bank of Cyprus lowered its growth forecasts for 2026 and 2027, citing the impact…
EconomyCyprus bans cash rent payments and requires electronic transactions from July 1
Nicosia, Cyprus. Cyprus’ tax department said on Wednesday that rent payments can no longer be made in cash…
EconomyFreedom Holding Corp wins Turkish approval to acquire Turkish Bank A.S.
Ankara, Turkey. Freedom Holding Corp has received approval from Turkish regulators to acquire Turkish Bank A.S., according to…
EconomyCyprus accused of offering concessions to energy firms over offshore gas drilling
Nicosia, Cyprus. Energy expert Dr Charles Ellinas said on Wednesday that the Cypriot government is likely offering continuous…
EconomyCentral Bank of Cyprus cuts 2026 and 2027 growth forecasts amid Middle East war risks
Nicosia, Cyprus. The Central Bank of Cyprus has lowered its growth forecasts for the Cypriot economy for 2026…
EconomyCySEC grants Logicom exemption from mandatory takeover bid for Demetra Holdings
Nicosia, Cyprus. The Cyprus Securities and Exchange Commission said on Wednesday it granted Logicom Services Limited an exemption…
EconomyCyprus inflation rises to 4% in June as euro area rate eases
Nicosia, Cyprus. Cyprus recorded an estimated annual inflation rate of 4 per cent in June 2026, up from…
EconomyCyprus retail trade turnover value index rises 9.8 per cent in May
Nicosia, Cyprus. Cyprus’ turnover value index of retail trade increased by 9.8 per cent year-on-year in May, according…
EconomyCyprus renewable electricity share rises to 36.88 per cent in May, Eurostat data shows
Nicosia, Cyprus. The share of electricity generation from renewable sources in Cyprus rose steadily over the first five…