News
Bank of England economist critiques new forecasting strategy
1+ hour, 46+ min ago (310+ words) Bank of England Chief Economist Huw Pill said on Monday that the central bank's shift in communications to focus on multiple "scenarios rather than a single forecast makes it harder for rate-setters to "reach a collective viewpoint, echoing concerns among…...
Bank of Cyprus to review financial results, discuss dividend in early August
21+ hour, 4+ min ago (216+ words) The Bank of Cyprus Holdings Public Limited Company announced on Monday that its board of directors will meet on August 03, 2026, to review the financial results for the six months ended June 30, 2026. During this session, the board will also consider the…...
Cyprus fuel sales decline amidst government efforts to curb costs
3+ day, 19+ hour ago (744+ words) Cyprus" total sales of petroleum products fell by 5. 1 per cent in May 2026 compared with the same month last year, even as monthly demand strengthened and the government moved to shield motorists from elevated fuel costs by extending reduced excise duties....
Euro area trade balance slips into deficit
1+ week, 3+ day ago (476+ words) The euro area reported a trade in goods deficit of "1 bn in April 2026, marking a significant reversal from the surplus of "8. 7 bn recorded in April 2025, according to the latest figures from Eurostat. This stark shift highlights a period of increasing…...
Deep-tech startups bridge research and industry at Limassol event
1+ week, 3+ day ago (466+ words) Non-profit organisation Cyprus Seeds successfully concluded its participation in the Doers Summit 2026 in Limassol last month, where it reinforced its position as the island's only scientific innovation catalyst by bringing together deep-tech startups, scientific entrepreneurs and prominent international investors. According…...
Cyprus near EU average for living standards as economic gaps persist
1+ week, 3+ day ago (328+ words) Cyprus maintained a steady economic profile between 2024 and 2025, with figures from Eurostat confirming that the island remains close to the European Union average for living standards. The island recorded an actual individual consumption figure of 98 per cent of the European…...
Cyprus Business Now: labour costs, passenger rights, crypto, Chevron, banking
1+ week, 6+ day ago (1506+ words) Cyprus recorded a 3. 7 per cent year-on-year increase in hourly labour costs during the first quarter of 2026, exceeding the euro area average, according to figures released by Eurostat. The increase in Cyprus was higher than the3. 2 per cent rise recorded across the…...
Cost of living delays major life milestones for young workers
1+ week, 6+ day ago (1250+ words) Gen Z and millennials are increasingly prioritising stability, wellbeing and skills development over rapid career advancement, according to findings released by Deloitte, as younger generations redefine success in an economy shaped by financial pressures and artificial intelligence. The 15th annual Gen…...
Team building remains biggest challenge for deep-tech startups
2+ week, 21+ hour ago (847+ words) Brussels hosted the European Innovation Council Summit 2026 this month, where Laurence Petit, Director of Innovation at France's CEA, shared insights on how Europe can transform scientific excellence into successful deep-tech companies. Speaking to the Cyprus Mail on the sidelines of…...
Scope for fiscal stimulus is limited amid energy crisis
2+ week, 1+ day ago (587+ words) The global economy is facing a serious, but not unprecedented, energy crisis. The transportation of oil and natural gas has been negatively affected, mainly due to the closure of the Strait of Hormuz, while production facilities have also been hit,…...