News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyEU services output climbs 2.1 per cent year-on-year in August 2026, euro area grows 2.2 per cent
Eurostat data show services production rose 2.2 per cent in the euro area and 2.1 per cent in the EU in August 2026, as Cyprus posted mixed results across sectors.
EconomyNational Bank of Greece board approves Growthfund representative Adrianos-Ifaistion Kyriazis as director
The National Bank of Greece board unanimously backed Adrianos-Ifaistion Kyriazis as a non-executive director for Growthfund, pending a…
EconomyDemetra Holdings buys back 4,080 own shares at €1.32 each on November 6
Demetra Holdings Plc repurchased 4,080 of its own shares at €1.32 apiece on November 6, 2026, spending €5,385.60…
EconomyCyprus gas finds estimated at 20 trillion cubic feet, first Kronos output expected in 2028
Energy Minister Michalis Damianos said Cyprus' six gas discoveries hold about 20 trillion cubic feet, with first gas…
EconomyCyprus Stock Exchange alerts public to fraudulent emails posing as official correspondence
The Cyprus Stock Exchange has cautioned investors and the public about deceptive emails falsely claiming to come from…
EconomyLimassol building permits surge as unsold new flats pile up and older homes feel the pressure
Ask Wire chief Pavlos Loizou told agents that Limassol's property market began turning about 18 months ago, with…
EconomyCyprus trade deficit grows to €6.86bn in first nine months of 2026 as imports outpace exports
Provisional Cystat data show Cyprus' trade gap rose 10.2 per cent to €6.86bn in January-September 2026, while September…
EconomyUsed cars lift Cyprus vehicle registrations 8.7 per cent in first ten months of 2026 as new car sales slip
Cystat data show 48,624 vehicles registered in Cyprus from January to October 2026, with used car registrations up…
EconomyCyprus house price-to-income ratio stays below long-term average in 2025, Eurostat data show
Eurostat figures put Cyprus' standardised house price-to-income ratio at 91.61 in 2025, almost identical to 2024 and below…
EconomyMPC Oceanic Group to take 41 per cent stake in Limassol-based ship manager Marlow Navigation
Hamburg-based MPC Oceanic Group has agreed with the shareholders of Cyprus ship manager Marlow Navigation to acquire a…
EconomyAlpha Bank buys back about 1.31 million own shares for €6.19 million in first week of November
Alpha Bank acquired 1,307,993 of its own shares on Euronext Athens between November 2 and 6, lifting its…