Economy

Budget implementation at 31% in first seven months

Treasury says over the last decade up to the end of July, the average budget implementation rate stood at 27%

07:51 - 29 August 2025

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Cyprus Stock Exchange: General Index up 1.76% on international momentum

Significant gains recorded by the CSE

14:15 - 07 April 2026

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Overall employment in Cyprus reached 79.8% in 2024, HRDA study says

The general employment rate of the 20-64 age group in Cyprus has shown a steady upward trend over time, remaining above the corresponding rate in the EU

07:52 - 07 April 2026

CBC: Consumer credit interest rate decreased to 7.12% in February 2026

Pure new loans to non-financial corporations for amounts over €1 million registered an increase to €137,3 million

07:39 - 07 April 2026

Zero VAT on meat and fish from today and the products that still have 5% VAT

It is noted that zero VAT on meat and fish will be in effect until 30 September, 2026, based on a relevant government decree

08:50 - 06 April 2026

5440898816459854 Christodoulos Patsalides

A strong liquidity position and capital base key priority for CBC, Governor says

Christodoulos Patsalides also suggests that the war in the Middle East represents a serious threat to the global economic system

07:48 - 06 April 2026

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Cyprus’ Services Sector improved in 2025, Employers Federation reports

OEB also points out that 2025 was a year of strong presence and resilience for Cypriot shipping, strengthening Cyprus’ position on the global maritime map

07:44 - 06 April 2026

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ExxonMobil-QatarEnergy consortium declares ‘Glaucus’, ‘Pegasus’ fields commercially viable

Glaucus and Pegasus fields now join already declared commercial reserves of the Aphrodite and Cronos fields

14:53 - 03 April 2026

Crop produce prices rise, animal product prices down in third quarter of 2025

Cyprus Statistical service reveals 2025 produce data

13:40 - 03 April 2026

Andreas Hadjiadamou: Easter purchases at the same levels as last year - "Let's not listen to nonsense about record prices"

"The reality is very different from what is being heard, as, regardless of the facts and the difficult current situation," the Executive Secretary of the Pancyprian Association of Supermarkets (PASYPE) underlines

09:02 - 03 April 2026

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Retail trade up 3.3% in value and 4.1% in volume in February

The Turnover Volume Index of Retail Trade went up 6.8% during January and February 2026, compared to the same months of 2025

08:07 - 03 April 2026

NEWS FEED

7 minutes agoTechnology

How Plug and Play's programmes in Cyprus will assist startups

44 minutes agoEconomy

Cyprus Stock Exchange: General Index up 1.76% on international momentum

1 hour agoTechnology

Nicodemos Damianou: Plug and Play’s launch is not only an important milestone but also a reflection on how far the ecosystem has evolved and what its potential is

1 hour agoTechnology

Irene Piki: Plug and Play’s arrival is a vote of confidence for Cyprus and reflects the government’s determination

ALL NEWS

Current account balance, IIP and external debt improve in 2025, CBC says

The international investment position (IIP) recorded an improvement in 2025, presenting a net liability position of €28.165,0 million

07:58 - 03 April 2026

OEB fears broader effects on the economy, measures still to be implemented, Finance Minister responds

Chairman of the Cyprus Employers & Industrialists Federation (OEB), George Pantelides, is concerned about the geopolitical conflict's consequences

07:49 - 03 April 2026

MPs approve reduction in fuel consumer tax from 4 April

The measure concerns the reduction of consumption tax by 8.33 cents per liter on gasoline and 6 cents per liter on diesel

15:32 - 02 April 2026

March inflation up 1.2% as Iran war begins to impact economy

Fuel and food prices drove March’s inflation increase

14:42 - 02 April 2026

India's Maharashtra Medical Tourism Services Limited signs MoU with Cyprus Chamber of Commerce and Industry

The agreement has been welcomed by the Honorary Consul of the Republic of Cyprus in Mumbai, Viraj Kulkarni

10:44 - 02 April 2026

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Cypriot businesses concerned over situation in the Middle East - OEB assessing developments with Makis Keravnos

The Cyprus Employers & Industrialists Federation board is set to meet with the Minister of Finance to discuss recent developments

10:01 - 02 April 2026

Eurostat: Guests spent 3.1 million nights in Cyprus accommodations in Q3 2025

The 20 most popular tourist regions for short-term rentals Q3 2025 were located in France, Spain, Italy, Greece, Portugal and Croatia

08:29 - 02 April 2026

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Stable unemployment rate in Cyprus, European data shows

This rate shows a slight decrease compared with February 2025, when it stood at 4.5% with around 23,000 unemployed, Eurostat says

08:25 - 02 April 2026

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