Economy

Christos Tsanos: Limassol hotels are fully booked for August, with last-minute bookings a particular feature of this year

Limassol mainly serves tourists of a higher income class and with increased demands, the President of the district's branch of PASYXE says

08:49 - 12 August 2026

Central Bank acknowledges resilience but warns banks that risks are increasing

The Financial Stability Report by Central Bank of Cyprus states that the banking sector remained resilient to domestic and external shocks

08:33 - 12 August 2026

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Public sector employment rises by 300 in July to 53,747

The increase was driven mainly by the Educational Service, where employment rose by 2.6%, according to the CySTAT figures

07:45 - 12 August 2026

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Marios Polyviou: Cautious optimism from last-minute bookings – Hotel occupancy in Larnaca down 15%

Significant agreements with TUI UK and Jet2, Israel remains the main market as Larnaca is considerably affected by geopolitical developments

12:39 - 11 August 2026

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Cyprus leading economic index decline eases in July

It compares with a 0.69% year-on-year decrease in June and a 1.34% decline in May, indicating a gradual easing of the negative trend amid heightened external geopolitical pressures

08:08 - 11 August 2026

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Fuel price cuts expected if oil prices continue to fall, Gas Station Owners’ Association says

“We expect prices to fall, provided that the price [of oil] stabilises at lower levels”

08:02 - 11 August 2026

Trade deficit in first six months of 2026 shows annual increase

The trade deficit was €4,679.1m in January–June 2026 compared to €4,055.1m in the corresponding period of 2025, CySTAT has reported

13:15 - 10 August 2026

The companies to which the state has paid over €1m for the purchase of services

The largest amount of state funds was spent on public passenger transport, the purchase of water and the construction of the Limnes Accommodation Centre

09:27 - 10 August 2026

Koumis discusses connectivity and Cyprus as year-round destination with hoteliers

Deputy Minister of Tourism Kostas Koumis met with the new leadership of the Cyprus Hotel Association, PASYXE

08:09 - 10 August 2026

5555799057234257 Acting Director of the Shipping Deputy Ministry Kyriakos Aliouris

Cyprus-Greece passenger ferry link will continue to operate in 2027, Shipping Deputy Ministry official confirms

Acting Director of the Shipping Deputy Ministry Kyriakos Aliouris described the route's performance as positive, saying that “this year is going very well”

07:47 - 10 August 2026

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Vehicle registrations increase 11.5% in first 7 months, used cars maintain a steady lead

Increase recorded in registrations of hybrid saloons

14:50 - 07 August 2026

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ALL NEWS

Inflation in July stood at 2.9%, according to CySTAT

The Consumer Price Index in July 2026 decreased by 0.68 points, reaching 102.32 units compared with 103.00 in June 2026. Inflation in July 2026 stood at 2.9%

09:41 - 07 August 2026

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Cyprus' GDP at €36.5 billion in 2025, according to Eurostat

Cyprus accounted for 0.2% of the European Union’s total GDP in 2025, with Estonia and Latvia also recording the same share

08:39 - 07 August 2026

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Cyprus retail trade volume up 5% year-on-year, according to Eurostat

At EU level, the calendar-adjusted retail sales index increased by 1.2% in June 2026 compared with June 2025

15:20 - 06 August 2026

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Cyprus participates in informal EU ministerial meeting on generational renewal in fisheries

Costas Constantinou, Permanent Secretary of the Ministry’s Directorate General for the Environment, represented Cyprus at the meeting in Cork

08:28 - 06 August 2026

Cyprus above the EU average in daily use of tobacco products, according to Eurostat

The products covered include tobacco and related products, such as e-cigarettes, nicotine pouches and heated tobacco products

08:20 - 06 August 2026

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Industrial producer prices in Cyprus rise by 0.3% in June, according to Eurostat

The monthly increase in Cyprus was recorded at a time when industrial producer prices fell by 0.3% in the euro area and by 0.2% in the EU

08:09 - 06 August 2026

Significant interest rate gaps among Cypriot banks in June, deposit rates remain low

Even wider gaps appear in business loans of up to €1 million, where the Cypriot average rose to 4.16%, the Central Bank of Cyprus reports

08:01 - 06 August 2026

Meridiam’s entry into GSI marks a strategic milestone, Greek Prime Minister says

Mistotakis emphasised that Meridiam’s investment in GSI represents a strong vote of confidence in Greece’s energy sector

07:55 - 06 August 2026

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