economy

Current account balance, IIP and external debt improve in 2025, CBC says

The international investment position (IIP) recorded an improvement in 2025, presenting a net liability position of €28.165,0 million

07:58 - 03 Απριλιου 2026

CBN Reporter

Foreign Minister stresses the importance of maritime safety during teleconference on the Strait of Hormuz

Constantinos Kombos also noted Cyprus’ position in favour of maintaining freedom of navigation in the Strait of Hormuz

07:54 - 03 Απριλιου 2026

CBN Reporter

OEB fears broader effects on the economy, measures still to be implemented, Finance Minister responds

Chairman of the Cyprus Employers & Industrialists Federation (OEB), George Pantelides, is concerned about the geopolitical conflict's consequences

07:49 - 03 Απριλιου 2026

CBN Reporter

Yiannis Misirlis: Apartments have always dominated transactions in Cyprus but, at the same time, luxury properties and villas retain strategic value

The Chairman of the Cyprus Property Developers Association shares his view on the island's evolving real estate sector

07:15 - 03 Απριλιου 2026

CBN Reporter

Average hourly labour costs reach €21.7 in Cyprus, according to Eurostat

At the European Union level, the average hourly labour cost across the whole economy was estimated at €34.9 in 2025, up from €33.5 in 2024

08:15 - 02 Απριλιου 2026

CBN Reporter

Cyprus aims to extract natural gas in 2027 or 2028, Energy Minister says

Michael Damianos said, “We are proceeding to prove both internally, but mainly to our partners, companies, Egypt, the EU, that we are moving forward with our energy programme”

08:11 - 02 Απριλιου 2026

CBN Reporter

Solid financials allow measures to address the impact of the regional crisis, the Government Spokesman says

Konstantinos Letymbiotis said the government "is evaluating the data on a daily basis," in relation to developments

07:55 - 02 Απριλιου 2026

CBN Reporter

CIBA supports efforts to enhance Cyprus as a reliable international business hub

The CIBA Board met with the President of the Republic, Nikos Christodoulides, "in a highly constructive atmosphere"

07:47 - 02 Απριλιου 2026

CBN Reporter

State Aid Control Commissioner Stella Michaelidou on why the European Commission has told member states to "Do it like Cyprus"

Having had lengthy professional experience in the private sector, the Commissioner also explains why the public sector position has won her over in her efforts to make a real difference

07:15 - 01 Απριλιου 2026

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