Economy

Cyprus approves first national anti-fraud strategy to protect EU financial interests

The strategy seeks to establish a unified and coherent national framework for the prevention, detection, investigation, recovery and monitoring of fraud

16:26 - 29 May 2026

Cyprus leads consultations on European shipping competitiveness, Marina Hadjimanolis says

The Deputy Minister said particular emphasis is placed on addressing the shortage of officers and seafarers, upgrading skills and maritime education

15:41 - 29 May 2026

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Cyprus unemployment falls to 4.0% in Q1 2026

Strong employment growth drives labour market improvement, official data show

12:54 - 29 May 2026

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Paphos hotel occupancy expected to exceed 90% over long weekend

Paphos Hoteliers Association chairman described the outlook for the holiday weekend as highly encouraging

11:07 - 29 May 2026

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EU Competitiveness Council approved conclusions on sustainable and competitive tourism, Deputy Minister of Tourism says

The conclusions adopted are expected to guide the Commission’s upcoming EU Strategy on Sustainable Tourism and shape the future of the sector across the EU

08:19 - 29 May 2026

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Fuel prices expected to fall over next ten days, says Gas Sation Owners Association

They estimate that fuel prices will decrease over the next 10 days due to the drop observed recently in international oil prices

13:03 - 28 May 2026

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Decrease in the share of young people not in employment or education in Cyprus, according to Eurostat

The NEET rate among young people aged 15–19 stood at 6.0% in 2025, down from 7.5% in 2015

12:49 - 28 May 2026

Car market continues its upward trend - The brands that buyers prefer

Hybrid saloons account for over 50% of the market (50.8% from 43.3% in the first quarter of 2025

11:29 - 28 May 2026

Petroleum sales fall 5% in April as fuel demand weakens

On an annual basis, the sharpest decreases were recorded in heavy fuel oil sales (-58.8%) and light fuel oil (-40.3%)

07:45 - 28 May 2026

Cyprus and Italy can function as bridges of economic interconnection in the region, Deputy Minister says

Piki was speaking at the Italy–Cyprus Round Table with the business community held at the Limassol Chamber of Commerce and Industry

07:41 - 28 May 2026

Weekly working time in Cyprus at 37.7 hours in 2025, according to Eurostat

Across the EU, the average actual weekly working time for full-time and part-time workers stood at 35.9 hours in 2025, down from 36.9 hours

15:16 - 27 May 2026

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ALL NEWS

CySEC issues a Consultation Paper on the charges on the Collective Investment Management Sector

Amending the fees payable on the Collective Investment Management Sector

13:38 - 27 May 2026

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European Affairs Deputy Minister optimistic over MFF negotiations

Marilena Raouna spoke at the General Affairs Council in Brusselsm, which she chaired

09:36 - 27 May 2026

Cyprus to draw first SAFE funds in the second half of 2026, Defence Minister says

Palmas recalled that Cyprus has been allocated €1.18 billion through a long-term loan on favourable terms

08:44 - 27 May 2026

Budget implementation at 28% for revenues, 25% for expenditure at the end of April

The increase observed in revenue implementation compared to the corresponding period of 2025 is mainly due to the increase in direct tax revenues

08:00 - 27 May 2026

Economic climate improves for a second consecutive month in May, CypERC says

The latest increase was driven by stronger business confidence – primarily in services and construction – as well as by improved consumer confidence

07:53 - 27 May 2026

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Positive signs for new entrepreneurial activity in Cyprus, according to the GEM Report

According to the report, 40.2% of adult people in Cyprus believe there are good opportunities to start a business here

07:41 - 27 May 2026

Tourism Deputy Ministry unveils plan to make Cyprus a wine and gastronomy destination by 2035

The long-term vision is for Cyprus to gain international recognition for high-quality cuisine and indigenous wine varieties, supported by authentic local ingredients

07:00 - 27 May 2026

Critical energy policy issues discussed during ETEK - Michael Damianou meeting

ETEK underlined that Cyprus is facing critical decisions and challenges, which require coordinated action

12:46 - 26 May 2026

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