News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyProkopiou criticises Europe’s energy policy and shipping decisions at Mare Forum Chios
Chios, Greece. Greek shipowner George Prokopiou criticised Europe’s energy policy, saying political decisions on shipping, natural gas and LNG have left the continent facing higher costs and weaker industry. Comments at Mare Forum Chios…
EconomyUK jobs market slowed in April as recruiters grew more cautious, survey shows
London, United Kingdom. Britain’s jobs market lost momentum in April as recruiters became more cautious about hiring amid…
EconomyCyprus energy minister says fuel prices stable, rules out profiteering and signals possible small cuts
Nicosia, Cyprus. Cyprus’ Energy Minister Michalis Damianos said fuel prices are “not at a bad level” and that…
EconomyBank of Cyprus presents Q1 2026 results, outlines higher-end dividend payout target from 2026
Nicosia, Cyprus. Bank of Cyprus on Monday presented its first-quarter 2026 financial results, with CEO Panicos Nicolaou citing…
EconomyDeryneia-Sotira road project delivered with upgrades to safety and connectivity
Deryneia, Cyprus. A long-awaited road linking Deryneia and Sotira in the Famagusta area was officially delivered on Monday,…
EconomyLarnaca conference to address undeclared work and promote fair labour mobility in Europe
Larnaca, Cyprus. The Labour Ministry and the European Labour Authority (ELA) will host a two-day international conference in…
EconomyCySEC reaches €40,000 settlement with Bridge Global Solution Services Limited over AML compliance concerns
Nicosia, Cyprus. The Cyprus Securities and Exchange Commission said it reached a €40,000 settlement with Bridge Global Solution…
EconomyCyprus insurance sector faces tougher period as global CEO confidence slips, PwC’s Rossides says
Nicosia, Cyprus. Cyprus’ insurance sector is entering a more demanding period from a position of relative strength, according…
EconomyCyprus state employment rises to 55,571 in April 2026, Cystat reports
Nicosia, Cyprus. Cyprus’ total number of state employees reached 55,571 in April 2026, with overall public sector employment…
EconomyCyprus trade deficit widens to €2.04 billion in first quarter of 2026
Nicosia, Cyprus. Cyprus recorded a wider trade deficit in the first quarter of 2026 as imports increased and…
EconomyEU set to sign interim trade deal with Mexico, Cyprus commerce minister says
Brussels, Belgium. Commerce Minister Michael Damianos on Monday welcomed the European Union’s imminent signing of a new interim…