Cy & Gr News

Industrial prices in Cyprus accelerated significantly in July, with the overall Industrial Output Price Index increasing by 4.4% compared with the same month a year earlier, according to the latest official data. The index reached 128.2 points in July, based on 2021 as the reference year, following a 2% increase compared with June. The latest figures indicate that price pressures within the industrial economy strengthened considerably during the summer, with energy costs play

Cyprus is continuing to record strong economic growth, with the country's performance remaining well ahead of the European average despite a more challenging external environment and increasing uncertainty across regional markets. The latest figures indicate that real GDP expanded by 3.3% year-on-year in the second quarter of 2026, following growth of 3.0% in the first quarter. The second-quarter result was more than three times the growth recorded across the euro area, highl

Cyprus is rapidly establishing itself as one of the world's most significant video game development hubs relative to its population, with the industry generating billions of euros in annual revenue and attracting hundreds of international companies to the island. The scale of the sector has become increasingly visible following the publication of the first comprehensive industry assessment of Cyprus's video game market. The figures indicate that what was once a relatively sma

National Bank of Greece announced this week that it had repurchased 727,285 of its own common shares traded on Euronext Athens between August 10 and August 17, 2026. The shares were acquired at a weighted average price of €16.3083 each, bringing the total value of the latest transactions to €11,860,757.13. The share buybacks were carried out in line with decisions approved at the bank’s annual general meeting of shareholders on April 30, 2026, and following the subsequent ann

The Cypriot passport has strengthened its position in the latest international passport rankings for 2026, rising one place to 13th position in the Henley Passport Index. Cypriot citizens can now travel to 175 destinations without having to obtain a visa in advance, either through visa-free entry or by obtaining a visa upon arrival. The improvement marks a step forward from 2025, when Cyprus ranked 14th globally. Nevertheless, the country remains one position below its highes

The Cyprus Stock Exchange (CSE) has announced the results of its latest review of listed companies' compliance with minimum market capitalisation requirements, confirming changes to the warning status of several issuers. The review forms part of the exchange's ongoing supervisory framework aimed at promoting market transparency and ensuring that listed companies continue to meet the standards required for admission and continued trading on the regulated market. One of the mos

Leading banks in Greece and Cyprus are expected to report another quarter of strong profitability, supported by resilient lending activity, stable interest income and growing fee-based revenues, despite a more challenging interest rate environment. Analysts believe the sector continues to demonstrate solid earnings momentum as institutions benefit from healthy credit demand, disciplined cost management and robust capital positions. Among the strongest expected performers is B

Cyprus' financial system remains resilient and well-capitalised, but heightened geopolitical tensions, global economic uncertainty and emerging risks continue to pose significant challenges to long-term financial stability, according to the Central Bank of Cyprus (CBC). The warning comes in the bank's 2025 Financial Stability Report, which concludes that although the country's banking sector has strengthened considerably, vigilance remains essential in an increasingly uncerta