News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyBeta Securities upgrades National Bank of Greece forecasts for 2026
Athens, Greece. Beta Securities has upgraded its forecasts for the National Bank of Greece for 2026, citing stronger-than-expected first-half results and a more favourable interest rate environment. The bank reported underlying net profit of…
EconomyBank of Cyprus reports €252 million first-half profit and raises interim dividend
Nicosia, Cyprus. Bank of Cyprus reported profit after tax of €252 million for the first six months of…
EconomyCyprus property sale contracts exceed 2,000 in July
Nicosia, Cyprus. Cyprus’ property market continued to expand in July, when 2,040 sale contracts were lodged with Land…
EconomyUBS raises Eurobank price target to €5.10 after stronger second-quarter results
Nicosia, Cyprus. UBS has raised its price target for Eurobank to €5.10 from €4.90 and maintained its buy…
EconomyECB wage tracker points to stable euro area pay pressures through early 2027
Brussels, Belgium. The European Central Bank said negotiated wage pressures across the euro area are expected to remain…
EconomyEuro area corporate borrowing costs rise as Cyprus deposit rates remain below average
Nicosia, Cyprus. Borrowing costs for businesses across the euro area increased in June, while mortgage rates were broadly…
EconomyShipping, Temu and Eurobank report developments in maritime access, EU scrutiny and share buybacks
London, United Kingdom. The International Chamber of Shipping has renewed its call for toll-free and unrestricted passage through…
EconomyTurkey inflation eases to 31.8 per cent in July as monthly price pressures rise
Ankara, Turkey. Turkey’s annual consumer price inflation eased to 31.8 per cent in July, slightly below economists’ expectations,…
EconomyCyprus deposit rates rise as consumer borrowing costs ease in June
Nicosia, Cyprus. Deposit interest rates increased while consumer borrowing costs declined in June 2026, according to data released…
EconomyDemetra Holdings repurchases 34 shares on Cyprus Stock Exchange
Nicosia, Cyprus. Demetra Holdings Plc repurchased 34 of its own shares on the Cyprus Stock Exchange on July…
EconomyTemu rejects EU claims over inspection cooperation and foreign subsidies
Dublin, Ireland. Temu has rejected the European Commission’s preliminary conclusion that it did not fully cooperate during an…