News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyCyprus bounced cheque numbers rise 47.8% in September despite nine-month decline
Central Bank of Cyprus data show 34 bounced cheques worth €97,622 in September 2026, while both their number and value fell over the first nine months.
EconomyLimassol port shore-power plan awaits grid applications and European funding
Technical studies for shore-side electricity at Limassol port have advanced, but grid connection applications remain pending and an…
EconomyShipping agents chief urges coordinated planning for Cyprus port investment
Reginos Tsanos called for joint planning across shipping, energy and environmental protection to support viable port projects and…
EconomyOil rises towards $107 as Gulf attacks raise fuel cost concerns in Cyprus
Renewed attacks on vessels in the Strait of Hormuz and Saudi energy infrastructure pushed oil prices higher, adding…
EconomyCyprus fintech sector nears 200 companies as digital finance brings new demands
Preliminary research presented at a Limassol summit shows payments dominate Cyprus’ fintech industry, as speakers examine regulation, digital…
EconomyCyprus urged to accelerate fintech reforms as banks retain their edge
Speakers at a Limassol summit said Cyprus needs faster regulation, less bureaucracy and skilled workers to compete in…
EconomyKeve to offer fully subsidised AI training for businesses in Nicosia
Keve’s two-day programme on November 11-12, 2026, will help business professionals apply AI to digital transformation and strategic…
EconomyHalloumi exports top €350 million annually as Cyprus prepares for PDO compliance
Agriculture ministry permanent secretary Andreas Gregoriou outlined measures to strengthen sheep and goat milk production ahead of the…
EconomyIMF cuts Cyprus growth forecast for 2026 to 2.9%, raises 2027 outlook
The IMF projects Cyprus growth of 2.9 per cent in 2026 and 3.2 per cent in 2027, alongside…
EconomyCyprus property sale contracts rise 14% in first nine months of 2026
BuySell’s analysis shows a record September for Cyprus property contracts, with Larnaca growing fastest and foreign buyers accounting…
EconomyHELLENiQ ENERGY starts operating €50 million battery storage facility in Thessaloniki
HELLENiQ ENERGY’s first large-scale battery storage facility has 100 MW of power capacity and can store 200 MWh…