News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyCyprus property sales rise 15% in April as foreign buyer transactions increase
Nicosia, Cyprus. Property sales in Cyprus rose 15% year-on-year in April to 1,611 transactions, according to figures from the Department of Lands and Surveys. The increase followed an 18% rise in March. April sales…
EconomyDemetra Holdings completes buyback of 6,400 shares at €1.50 each
Nicosia, Cyprus. Demetra Holdings Plc said it completed a buyback of its own shares during a market session…
EconomyPhiloktimatiki Public Limited to hold annual general meeting in Nicosia on June 11, 2026
Nicosia, Cyprus. Philoktimatiki Public Limited said its annual general meeting will be held at the company’s offices in…
EconomyIMO Legal Committee reviews seafarer fair treatment update amid detention and criminalisation concerns
London, United Kingdom. The International Maritime Organisation’s (IMO) Legal Committee is reviewing an update on the fair treatment…
EconomyCyprus betting gross revenue rose 22% year-on-year to €395.5 million in Q4 2025, NBA says
Nicosia, Cyprus. Cyprus’ betting market strengthened in the fourth quarter of 2025, with total gross revenue from Class…
EconomyHermes Airports marks 20 years since Cyprus airport concession agreement
Larnaca, Cyprus. Hermes Airports marked 20 years since signing its concession agreement with the Republic of Cyprus to…
EconomyCyprus fintech Pale Blue launches Paid softPOS app to support cashless payments for small businesses
Nicosia, Cyprus. Cyprus’ commercial transactions landscape is shifting as the country moves closer to a cashless society, with…
EconomyCyprus current account deficit narrows to 6.4% of GDP in 2025, Eurobank economist says
Nicosia, Cyprus. Cyprus’ current account balance improved in 2025, though geopolitical tensions in the Middle East were cited…
EconomyAmCham Cyprus to host AI executive forum in Nicosia on May 25
Nicosia, Cyprus. The American Chamber of Commerce in Cyprus (AmCham) said its Digital Transformation and Fintech Committee will…
EconomyBank of Cyprus posts €121m Q1 2026 profit as Cyta and Visa announce new initiatives
Nicosia, Cyprus. Bank of Cyprus reported a profit after tax of €121 million for the quarter ended March…
EconomyOev committee meets Anad management to discuss skills development and labour market needs in Cyprus
Nicosia, Cyprus. The Education, Training and Young Talent Attraction Committee of the Cyprus Employers and Industrialists Federation (Oev)…