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Industrial producer prices in Cyprus moved lower in March 2026, according to the latest figures released by Eurostat, standing in contrast to significant increases recorded across both the euro area and the wider European Union. Data released by Eurostat showed that industrial producer prices in Cyprus fell by 1.3 per cent in March compared with February 2026. The decline reversed the 0.2 per cent increase registered in February and followed the 0.6 per cent drop recorded i

The National Bank of Greece (NBG) has reported operating profits of €23.6 million in Cyprus for 2025, representing a year-on-year increase of 39 per cent as the bank continues to expand its presence and lending activity in the Cypriot market. In its announcement, the bank said it “records, for yet another year, a strong growth trajectory, confirming the consistent implementation of its strategy and its active role in supporting the economy”. According to the institution,

A notable escalation in distributed denial-of-service (DDoS) attacks is increasingly exposing Cyprus’ banking, payments, and iGaming sectors to heightened cyber risk, according to new findings published by cybersecurity firm Qrator Labs. The company’s Q1 2026 report indicates that these industries—core pillars of the island’s digital economy—are among the most frequently targeted sectors on a global scale. The data shows that banking institutions accounted for 22.8% of all re

Cyprus emerged as one of the strongest fiscal performers in the European Union in 2025, according to data released by Eurostat, achieving a budget surplus at a time when most member states continued to run deficits. The figures indicate that Cyprus was among a small group of countries to record a government surplus, reaching 3.4 per cent of GDP. It joined Denmark at 2.9 per cent, Ireland at 1.8 per cent, Greece at 1.7 per cent and Portugal at 0.7 per cent, standing in clear c

The Central Bank of Cyprus (CBC) has indicated that deposit rates in Cyprus remain below those observed across the eurozone, even as lending rates present a more mixed picture across different categories. According to the CBC’s latest data, the average interest rate for new housing loans in Cyprus stood at 3.04 per cent in February, compared with a higher eurozone average of 3.41 per cent. For household deposits with a maturity of up to one year, the average rate reached 1.

Cyprus registered a further drop in unemployment in February 2026, even as joblessness across the euro area edged higher on a monthly basis, according to newly released data from Eurostat. The figures showed that Cyprus’ unemployment rate fell to 4.20 per cent in February 2026, compared with 4.50 per cent in the same month a year earlier, highlighting continued strengthening in the country’s labour market. In absolute terms, the number of unemployed individuals declined to

The introduction of the Markets in Crypto-Assets Regulation (MiCA) is transforming Europe’s digital asset landscape while simultaneously bringing new regulatory complexities to the surface, according to George Theocharides, chairman of the Cyprus Securities and Exchange Commission. Writing in an article originally published in Eurofi magazine, Theocharides characterised MiCA as a fundamental turning point for the European crypto-asset market. He explained that an industry w

Cyprus continues to rank near the bottom among European Union member states in terms of road freight transport share in 2024, underlining the country’s ongoing dependence on maritime logistics. Data released by Eurostat shows that Cyprus recorded a road freight share of 3.5 per cent in 2024, reflecting a modest rise from 3.4 per cent in 2023 and 2.7 per cent in 2022. Despite this incremental growth, the country still placed third from the lowest within the EU, excluding Malta

The euro area recorded a trade deficit of €1.9 billion in January 2026, according to data from Eurostat, while Cyprus posted a notably improved trade balance over the same period. The deficit for the euro area widened from €1.40 billion in January 2025, reflecting shifts in trade dynamics across key sectors. Exports fell to €215.30 billion in January 2026, down 7.6 percent from €232.90 billion a year earlier, while imports also declined to €217.20 billion, a drop of 7.3 perce

An administrative penalty has been imposed by the Consumer Protection Service (CPS) on Alpha Bank Cyprus for the inclusion of abusive clauses in mortgage loan agreements concluded with consumers. The decision, dated 9 March 2026, stipulates the imposition of a €160,000 fine and requires the bank to immediately discontinue the use of the specific contractual provisions. The sanction forms part of a wider ex officio investigation conducted by the Consumer Protection Service int

Industrial producer prices in Cyprus registered the steepest monthly decline across the European Union in January 2026, according to newly released estimates from Eurostat, even as producer prices climbed across both the euro area and the broader EU during the same period. The EU’s statistical office reported that industrial producer prices rose by 0.7 per cent in the euro area and by 0.8 per cent across the EU in January 2026 when compared with December 2025. This marked a

The Cyprus Statistical Service (Cystat) has reported that Cyprus’s services and transport sectors experienced broad-based growth during the final quarter of 2025. According to the data, the Turnover Value Index for the fourth quarter showed a 9.5 per cent increase in the accommodation and food service activities sector compared with the same period in 2024. Real estate activities also recorded an upward trajectory, with growth of 5.7 per cent during the three-month period, wh

One in three people and more than half of businesses in Cyprus have been targeted by cyberattacks over the past year, according to two nationwide surveys carried out by the Communications Commissioner and the Digital Security Authority, highlighting growing digital threats across the country. The findings showed that 33 per cent of individuals experienced a cyberattack within the last 12 months, while nearly half of companies reported at least one security breach during the

The Cyprus Chamber of Commerce and Industry (Keve) has underlined the substantial export potential arising from the newly concluded free trade agreement between the European Union and India, noting that the arrangement is expected to open important new pathways for European exporters, including businesses in Cyprus. According to the chamber, the agreement, finalised in January 2026 and anticipated to take effect in the coming years, will make India’s vast market of around 1

The foreign exchange sector in Cyprus is firmly regulated and plays a vital role in supporting the national economy, employing thousands of people and contributing significantly to growth. At a recent conference dedicated to explaining the institutional framework of the industry, stakeholders highlighted that forex is a legitimate and strictly supervised financial activity, clearly separate from illegal operations and fraud. Strict supervision and full European compliance

The European Central Bank (ECB) has released its latest wage tracker data, indicating that negotiated wage growth across the euro area is set to moderate in 2026, reflecting easing pay pressures in the bloc. The headline ECB wage tracker, which covers active collective bargaining agreements and smooths one-off payments over time, shows negotiated wage growth of 3.2 per cent in 2025, based on a coverage of 49.9 per cent of employees in participating countries, and 2.4 per ce

The volume of non-performing loans (NPLs) within the Cypriot banking system continued to improve, according to the latest report issued by the Central Bank of Cyprus (CBC), based on data as of November 30, 2025. The figures published by the CBC provide an overview of aggregate NPL indicators across the country’s entire banking sector. By the end of November 2025, the NPL ratio—excluding exposures to central banks and other credit institutions—fell to 4.0 per cent. This repres

Cyprus Shipping Deputy Minister Marina Hadjimanolis has concluded a three-day working visit to the United Kingdom, during which she held a series of high-level meetings in London with British officials and key figures from the international maritime sector. The discussions provided an opportunity to outline Cyprus’ national shipping policy and to present the priorities associated with the country’s forthcoming Presidency of the Council of the European Union. The visit too

Cyprus’ betting market continued its expansion in the third quarter of 2025, with total gross revenue from Class A and Class B operators rising 7 per cent year-on-year to €312.5 million, according to data released by the National Betting Authority (NBA). The figure also marks a 20 per cent increase compared with the same period in 2023. The authority reported that online betting maintained its dominant role during the July to September period. Class B operators generated €235

The Cyprus capital market is expected to maintain a stable growth trajectory in 2026, underpinned by regulatory upgrades, technological progress and enhanced supervisory practices, according to Panikkos Vakkou, Vice-Chairman of the Cyprus Securities and Exchange Commission (CySEC). Writing in an article originally published by Stockwatch, Vakkou noted that the domestic capital market is moving through a pivotal period of transformation, influenced by European and internatio