Economy
Cyprus industry posts 5% growth in 2025, driven by manufacturing
Cyprus’ industrial sector closed 2025 on a clear upward path, with annual turnover rising by 5% compared with 2024, according to the Statistical Service.
Business
Government to Support Farmers Amid New Outbreak
The Minister of Agriculture, Maria Panagiotou, assured that farmers will get government support. She talked about the tough times the livestock sector is facing. At the same time, a new case has been reported in Dromolaxia, raising worries among services and industry experts.
Coffeevibesmagazine-Christina Pelekanou Pelekanou
05.03.2026
Business
M&S Partners with Williams Racing for 2026 F1 Season
M&S is teaming up with the Atlassian Williams F1 Team as the Official Travel Kit Partner for the Formula 1 2026 season.
Coffeevibesmagazine-Christina Pelekanou Pelekanou
05.03.2026
Business
Eurobank Boosts India-Cyprus-Europe Financial Corridor
The growing ties between India and Cyprus, Cyprus's rise as a service hub, and Eurobank's key role in creating the financial corridor were highlighted at the India–Cyprus Summit 2026: A Dialogue on Investment, Innovation and Human Capital, hosted by the High Commission of India in Cyprus.
Coffeevibesmagazine-Christina Pelekanou Pelekanou
05.03.2026
Economy
Fuel Demand in Cyprus Surges 30% — Price Increases of 6–7 Cents per Litre Expected
A significant surge in fuel demand was recorded in Cyprus on Monday, 2 March, exceeding normal levels by 30%. The increased traffic at petrol stations was driven not only by vehicle refuelling but also by purchases of heating oil — an unusual trend for March, when the winter season is typically winding down.
Christos Pavlou
04.03.2026
Business
Cyprus Hoteliers Worried — Reopening Delays Considered as Flight Cancellations Mount
Serious concern is growing in Cyprus's tourism sector as continuous flight cancellations from European destinations deal a heavy blow to this season's planning. Since last Saturday, when missile strikes against Iran began, cancellations at the country's two airports have exceeded 250.
Christos Pavlou
04.03.2026
Economy
DBRS: Impact of Middle East Conflict on Banks and Asset Managers Is Manageable
In a period of heightened uncertainty due to the escalation in the Middle East, Morningstar DBRS offers a dose of reassurance. According to its analysis, the direct and indirect effects of the conflict on international banks and asset managers remain, at this stage, manageable.
Christos Pavlou
04.03.2026
Business
AHK+ scheme offers €5.5 million in grants for energy upgrades
The OEB has issued guidance to businesses and organisations on the AHK+ grant scheme, which aims to improve energy efficiency and reduce electricity costs.
Christos Pavlou
03.03.2026
Economy
Cyprus inflation slowed to 0.9% in February — the lowest rate in the EU
Cyprus recorded a notable inflation slowdown in February, with the annual rate easing to 0.9% from 1.2% in January, according to Eurostat preliminary data.
Christos Pavlou
03.03.2026
Economy
Cyprus Faces High Electricity Costs, Audit Report Warns
Serious concerns about the high production costs and delays in developing Renewable Energy Sources by the Electricity Authority of Cyprus (EAC) are causing...