economy

Cyprus economy news on growth, jobs, inflation, public finances and business activity, alongside reporting on European and international economic developments.

Opinion

Cyprus’s wealth soars, but inequality brings us down to earth

The Cypriot economy is growing. The public finances are in surplus. The economic indicators paint a positive picture. Wealth...
World

ECB President Lagarde resigns after months of speculation

European Central Bank President Christine Lagarde announced her resignation on Thursday, ending months of speculation about her future at...
Economy

Cronos gas deal a strong vote of confidence, President says

President Nikos Christodoulides on Monday called the signing of contracts worth up to 1.8 billion dollars to develop the...
Opinion

The ‘German’ problem is becoming ours

German industry employed around 496,000 fewer people on German soil at the end of 2025 than in 2019, a...
Politics

ENI’s Cronos deal strengthens Cyprus’s energy profile

Italian energy company ENI will sign contracts worth up to 1.8 billion dollars in Nicosia on Monday to develop...
Economy

Eni set to sign contracts worth up to $1.8bn for Cyprus Cronos gas project

Italian energy company Eni is expected to sign contracts worth up to $1.8 billion in the coming days for...
Economy

Cypriot depositors shift billions as interest rates reshape savings

Cypriot depositors have significantly changed how they manage their money in recent years as shifting interest rates have influenced...
World

Parliament pushes for €1.17bn more in 2027 EU budget showdown

The European Parliament on Wednesday adopted its position on the EU’s 2027 budget, with 400 votes in favour, calling...
World

Prolonged war, renewed disruptions pose biggest risk to Middle East region, IMF says

Prolonged war in the Middle East and further disruptions to energy production, shipping routes or critical infrastructure pose the...
World

US economists Hall and Woodford win 2026 Nobel economics prize

US economists Robert Hall and Michael Woodford won the 2026 Nobel prize in economics on Monday “for microeconomic foundations...
Economy

Europe’s fight over financial markets and what it means for Cyprus

The agreement gives the EU’s markets watchdog new powers, but exemptions for major operators have exposed the limits of...
Economy

Archbishopric secures vast land holdings in decades-old property dispute

The Archbishopric has secured ownership of tens of thousands of square metres of land following a court ruling on...
Economy

EU presidency proposes 8% cut to 2028-2034 EU budget to €1.6 trillion

The European Union's long-term budget for 2028-2034 should be 8% lower than the European Commission's proposed €2 trillion, the...
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