News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyCentral Bank of Cyprus sets 11.32% reference interest rate for usury offences
Nicosia, Cyprus. The Central Bank of Cyprus has set the reference interest rate at 11.32 per cent under Article 314A of the Criminal Code Law (Cap. 154). The rate is used as the legal…
EconomyCBC reports shift to fixed-rate lending as Eurobank posts €738m first-half profit
Nicosia, Cyprus. The Central Bank of Cyprus said a shift towards longer-term fixed-rate loans has brought domestic financing…
EconomyUnion to challenge dismissal of prison guard official Giorgos Maltezos
Nicosia, Cyprus. The Isotita trade union has described the dismissal of prison guard and union official Giorgos Maltezos…
EconomyFormer minister says Cyprus had role in Shell’s sale of BG Cyprus to MOL
Nicosia, Cyprus. Former energy minister George Papanastasiou said on Friday that the Cypriot government would have had a…
EconomyEurobank reports €738m first-half profit as Cyprus unit contributes €231m
Nicosia, Cyprus. Eurobank reported net profit of €738 million for the first half of 2026 and raised its…
EconomyECB geopolitical stress test identifies areas for bank risk assessment improvement
Nicosia, Cyprus. The Central Bank of Cyprus on Friday highlighted the European Central Bank’s thematic reverse stress test…
EconomyCyprus annual inflation eases to 4 per cent in July
Nicosia, Cyprus. Annual consumer inflation in Cyprus stood at an estimated 4 per cent in July 2026, according…
EconomyCyprus industrial output prices rise 2.3% year on year in June
Nicosia, Cyprus. The Index of Industrial Output Prices increased by 2.3 per cent in June 2026 compared with…
EconomyCBC reports higher household and corporate debt in first quarter of 2026
Nicosia, Cyprus. The Central Bank of Cyprus on Friday published its Quarterly Financial Accounts for the period ending…
EconomyShell agrees to sell BG Cyprus stake in Aphrodite gas field to MOL Group
Nicosia, Cyprus. Shell said it had agreed to sell its BG Cyprus unit to Hungarian oil and gas…
EconomyCyprus posts €420.3 million fiscal surplus in first half of 2026
Nicosia, Cyprus. Cyprus recorded a general government fiscal surplus of €420.30 million in the first six months of…