News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyCyprus startup ecosystem matures as founder, funding and scaling challenges persist
Nicosia, Cyprus. Cyprus’ startup ecosystem is entering a period of growing maturity, but challenges around founder quality, access to capital and international scaling remain, according to Dionysis Partsinevelos of 33East and G4 Ventures. In…
EconomyCyprus Stock Exchange adjusts FTSE/CySE20 weights for Eurobank S.A. and Bank of Cyprus Holdings
Nicosia, Cyprus. The Cyprus Stock Exchange said it will adjust the weight factors of Eurobank S.A. and Bank…
EconomyEurobank repurchases 1.66 million shares in three days for €6.55 million
Athens, Greece. Eurobank S.A. announced on Monday that it repurchased 1,657,727 of its own shares between June 10…
EconomyLimassol traffic congestion threatens growth, business confidence and company retention, chamber warns
Limassol, Cyprus. Worsening traffic congestion in Limassol has become a threat to the city’s growth, business confidence and…
EconomyCyprus sees rapid growth in digital payments as card and fintech use expands
Nicosia, Cyprus. Digital transactions in Cyprus are continuing to grow rapidly as consumers and businesses increasingly shift to…
EconomyCyprus to impose €3 flat-fee duty on low-value non-EU imports from July 2026
Nicosia, Cyprus. Consumers in Cyprus purchasing goods from outside the European Union will face a temporary flat-fee duty…
EconomyHow CEA turns scientific research into 10 to 15 deep-tech spin-offs each year
Brussels, Belgium. Laurence Petit, Director of Innovation at France’s CEA, said at the European Innovation Council Summit 2026…
EconomyIMF warns EU public debt could exceed 130% of GDP by 2040 without policy action
Brussels, Belgium. IMF Managing Director Kristalina Georgieva has warned that European Union countries face a major fiscal challenge,…
EconomySheep and goat farmers oppose changes to halloumi PDO specification in Cyprus
Nicosia, Cyprus. The sheep and goat farmers association has reaffirmed its opposition to any attempt to alter the…
EconomyCyprus says US backs hydrocarbon, interconnection and regional energy plans
Houston, United States. Cyprus Energy Minister Michael Damianos said on Sunday that Cyprus has US support for its…
EconomyGreek households saw wealth erosion as inflation outpaced savings returns, Freedom24 report says
Athens, Greece. Greek households experienced a significant erosion of wealth between 2021 and 2025 as inflation outpaced returns…