News
Cyprus current account deficit widens in first quarter as EU surplus rises
2+ hour, 59+ min ago (412+ words) Nicosia, Cyprus. Cyprus recorded a wider current account deficit in the first quarter of 2026, even as the European Union posted a stronger external balance, according to figures released by Eurostat on Friday. Eurostat said Cyprus registered a current account deficit…...
Cyprus registered unemployment rises 9. 9 per cent year on year in June
4+ hour, 8+ min ago (404+ words) Nicosia, Cyprus. Registered unemployment in Cyprus increased in June 2026, with the rise driven mainly by accommodation and food services, public administration, education, and health and social work, according to figures released by the Statistical Service on Friday. The number of…...
Cyprus and Sweden sign protocol updating double taxation agreement
3+ hour, 56+ min ago (271+ words) Nicosia, Cyprus. Cyprus and Sweden on Friday signed a protocol updating their bilateral double taxation agreement, aligning the treaty with OECD international tax standards and strengthening cooperation on tax transparency and the exchange of information. The protocol was signed by…...
Central Bank of Cyprus reports lower climate risk and higher sustainable bond holdings in 2025
10+ hour, 51+ min ago (325+ words) The bank's total currency reserves stood at "1. 77 billion at the end of May 12, 2025, an increase of "153 million compared with the previous year. As part of its broader mandate, the bank said it aims to steer these portfolios toward a decarbonisation…...
Cyprus financial wellbeing index rises in 2025 but household pressure remains widespread
1+ day, 3+ hour ago (342+ words) Nicosia, Cyprus. The Financial Wellbeing Index for Cyprus rose in 2025, but household financial pressure remains widespread, according to findings published by the Financial Wellbeing Institute and comments issued by the Finance Ministry on Thursday. The index reached 54. 6 points, up by…...
Cyprus growth forecasts cut as Eurobank unveils tech plan and Digital Cyprus Conference opens
1+ day, 11+ hour ago (480+ words) Nicosia, Cyprus. The Central Bank of Cyprus lowered its growth forecasts for 2026 and 2027, citing the impact of the war in the Middle East and warning that risks remain tilted to the downside. In related developments this week, Eurobank presented a…...
Loans managed outside Cyprus banking system rise by "256 million in first quarter of 2026
2+ day, 10+ hour ago (363+ words) Nicosia, Cyprus. The value of loans managed outside Cyprus" banking system increased by "256 million in the first quarter of 2026, according to figures released this week by the Central Bank of Cyprus. The rise was driven mainly by higher household and…...
UK economy grows 0. 6% in first quarter of 2026 as households face pressure
2+ day, 6+ hour ago (391+ words) London, United Kingdom. Britain's economy grew by 0. 6 per cent in the first quarter of 2026, official data confirmed this week, while households were under pressure before the full effects of the US-Iran conflict began to feed through. The figure was unchanged…...
Cyprus posts "552. 9 million fiscal surplus in first five months of 2026
3+ day, 5+ hour ago (364+ words) Nicosia, Cyprus. Cyprus recorded a general government fiscal surplus of "552. 9 million during the first five months of 2026, according to preliminary figures released by the Cyprus Statistical Service on Tuesday. The surplus was equal to 1. 4 per cent of GDP, compared with…...
British business growth expectations fall to lowest level of the year, CBI survey shows
3+ day, 12+ hour ago (358+ words) London, United Kingdom. British companies" expectations for growth in the coming quarter fell this month to their lowest level this year, according to a survey released this week, adding to a series of weak business sentiment readings. A separate survey…...