3 h. ago Cyprus Business Now: Paphos tourism, Finance Minister, building permits, PwC

President of the hoteliers association (Pasyxe) Thanos Michaelides on Friday said that Paphos has significant potential to boost visitor numbers. In addition, he also said that the district can attract higher-income tourists who are likely to spend more during their stay, supporting the district’s wider tourism economy. Speaking to the Cyprus News Agency (CNA), Michaelides […]

Politics

20 h. ago UK economy shrinks again in May, fuelling fears of stalled recovery

Britain’s economy contracted unexpectedly for a second month running in May, official data showed on Friday, compounding worries at home for finance minister Rachel Reeves as the nation navigates growing global turbulence. Gross domestic product shrank by 0.1 per cent after a 0.3 per cent drop in April, the Office for National Statistics said. Economists […]

Politics

48 h. ago Eurobank S.A. honoured at 13th Invest Cyprus International Investment Awards

Eurobank S.A. has been honoured at the 13th Invest Cyprus International Investment Awards for its decisive contribution to the Cypriot economy through its strategic investment in Hellenic Bank and its vote of confidence in the country’s banking system and economy. The award ceremony was held at the annual awards organised by Invest Cyprus in collaboration […]

Economics

7 d. ago Employers urge halt to planned transport strike over driver shortage

Cyprus’ leading business group has sounded the alarm over a planned strike by Class A transport workers, warning that the walkout could disrupt supply chains and damage the fragile economy. The strike is set for Monday, July 7. The Cyprus federation of employers and industrialists (OEV) has called it a “disproportionate measure” and is appealing […]

Sport

1 week ago British economy rebounds but faces challenges in second quarter

Britain’s economy grew at its fastest pace in a year in the first three months of 2025 as homebuyers rushed to beat a deadline on property purchases and manufacturers sped up output ahead of US President Donald Trump’s higher import tariffs. In a bounce that is not expected to be maintained in the rest of […]

Politics

2 w. ago US economy shrinks faster than first estimated in early 2025

The US economy contracted a bit faster than previously thought in the first quarter amid tepid consumer spending, underscoring the distortions caused by the Trump administration’s aggressive tariffs on imported goods. Gross domestic product decreased at a downwardly revised 0.5 per cent annualized rate last quarter, the Commerce Department’s Bureau of Economic Analysis (BEA) said […]

Politics

2 w. ago Developers underline real estate sector’s role in Cyprus economy

In a statement released on Tuesday, following a meeting with president Nikos Christodoulides, the Cyprus Real Estate Developers Association underlined the significant role played by the island’s real estate development and construction sector in Cyprus’ economic and social progress. The meeting, which took place on June 23, was also attended by Interior minister Constantinos Ioannou, […]

Politics

3 w. ago Cyprus fund sector grows into key pillar of economy, says CIFA head

Cyprus Investment Funds Association (CIFA) president Maria Panayiotou on Wednesday detailed the progress achieved in Cyprus’ investment fund ecosystem over the past 12 years. Panayiotou highlighted the new level of maturity seen in the sector, with recent developments underscoring the country’s ambition to position itself as a credible European investment hub. According to Panayiotou, the […]

Politics

3 w. ago PM Modi’s Cyprus Visit Blends Strategy, Economy And Signal To Turkey

PM Modi’s Cyprus Visit Blends Strategy, Economy And Signal To Turkey  BW Businessworld

Politics

3 w. ago India's gateway to Europe: PM Modi pitches India’s growth story in Cyprus; says economy will be world’s 3

India's gateway to Europe: PM Modi pitches India’s growth story in Cyprus; says economy will be world’s 3  Times of India

Politics

3 w. ago ‘India Moving Fast Towards Becoming 3rd Largest Economy’: PM Modi At Cyprus Business Meet

‘India Moving Fast Towards Becoming 3rd Largest Economy’: PM Modi At Cyprus Business Meet  ABP Live English

Economics

4 w. ago Cyprus Business Now: economy forecast, BoC, AstroBank, shipping, tourism revenue

The Finance Ministry on Friday published its strategic fiscal policy framework for the period 2026 to 2028, forecasting stable economic growth and a steady decline in public debt over the next four years. Growth is expected to range between 2.9 per cent and 3.1 per cent during the period, with the public debt projected to […]

Economics