News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyCyprus new residential construction prices reach record high in 2025, Eurostat data show
Nicosia, Cyprus. Construction prices for new residential buildings in Cyprus reached their highest level on record in 2025, according to new Eurostat data. The figures reflect a broader increase in building costs across the…
EconomyCyprus to apply temporary €3 customs duty per product category on non-EU online purchases
Nicosia, Cyprus. Consumers in Cyprus ordering goods from outside the European Union will begin paying a temporary €3…
EconomyCyprus says licensing reform speeds housing permit approvals
Limassol, Cyprus. The government said its licensing reform has reduced approval times for housing developments, with about 3,000…
EconomyCyprus shipping sector marks Day of the Seafarer and highlights risks facing maritime crews
Nicosia, Cyprus. Cyprus’ shipping industry joined the global maritime community in marking this year’s Day of the Seafarer,…
EconomyAudit office report identifies major weaknesses in VAT audit system and risks to state revenue
Nicosia, Cyprus. A special report published by the audit office on Thursday said serious weaknesses in the tax…
EconomyEurobank among first 41 companies in Greece to receive new Diversity Seal
Athens, Greece. Eurobank has become one of the first 41 companies in Greece to receive the Diversity Seal,…
EconomyLordos Hotels expects weaker first-half 2026 results amid Middle East tensions
Nicosia, Cyprus. Lordos Hotels (Holdings) Public Ltd said its results for the first half of 2026 are expected…
EconomyEU approves legislation to ease trade with United States and extend tariff preferences
Brussels, Belgium. The Council of the EU on Thursday approved two pieces of legislation aimed at easing trade…
EconomyCySEC awards two students for finance and securities market research
Nicosia, Cyprus. The Cyprus Securities and Exchange Commission awarded €1,000 in prizes to two university students for outstanding…
EconomyCyprus developers meet in Limassol as housing pressures and rising prices reshape sector debate
Limassol, Cyprus. Cyprus’ real estate developers gathered in Limassol on Wednesday night for their annual official dinner, as…
EconomyCyprus economic sentiment edges up in June as retail, construction and consumer confidence improve
Nicosia, Cyprus. Cyprus’ economic climate improved marginally in June 2026, with the Economic Sentiment Indicator rising by 0.2…