https://knews.kathimerini.com.cy/en/business/cyprus-falls-behind-in-the-race-to-become-a-regional-trade-hub
Cyprus’ ambition to become a regional trade hub is running up against reality. Its strategic location offers clear advantages, but turning those advantages into a competitive trading center remains a distant prospect....
https://knews.kathimerini.com.cy/en/business/cyprus-s-external-gap-widens-as-growth-holds-up
Cyprus’s economy continues to expand, but the widening imbalance in its external accounts deserves closer attention. The current account records earnings and payments between Cyprus and the rest of the world, covering trade, investment income and transfers (e.g., from the European Commission). The Central Bank of Cyprus’s revised figures put the 2025 deficit at 8.8% of GDP, compared with 6.4% previously reported (Figure 1). By contrast, the 2024 deficit was revised to 5.5% of GDP, down from 8.2% previously reported. These changes show that the gap widened in 2025, reversing the earlier picture of improvement. Figures for the first six months of 2026 show further pressure.
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https://knews.kathimerini.com.cy/en/business/cyprus-china-trade-surges-26-to-$1-44-billion-in-2025
Cyprus-China bilateral trade reached $1.44 billion in 2025, rising by 26% as both countries seek to expand cooperation in investment, technology, tourism and renewable energy. The Cyprus-China Cooperation and Entrepreneurship Forum in Nicosia brought together business leaders and local officials to explore new commercial partnerships....
https://knews.kathimerini.com.cy/en/business/gdp-growth-accelerates-in-q2-on-strong-consumption-and-investment
Despite the deterioration in the global economic environment following the outbreak of the US-Iran war, the Cypriot economy remained resilient in Q2 2026, with GDP growth accelerating to 3.3%YoY, from 3.0%YoY in the previous quarter. ...
https://knews.kathimerini.com.cy/en/business/eko-strikes-deal-to-buy-staroil
The company behind EKO Cyprus has agreed to buy local fuel supplier STAROIL, a deal that could reshape competition in a market where drivers and households are watching fuel prices closely....
https://knews.kathimerini.com.cy/en/news/government-spends-more-than-it-earns-as-deficit-grows
The Cypriot government spent nearly €143 million more than it brought in during the second quarter of 2026, as rising costs outpaced an increase in revenue, preliminary figures from the Statistical Service show....
https://knews.kathimerini.com.cy/en/news/hala-sultan-tekke-excavations-push-cyprus-city-s-history-back-to-the-17th-century-bc
Archaeological excavations at Dromolaxia-Vyzakia, near Hala Sultan Tekke in the Larnaca district, have uncovered architectural remains and pottery dating to the 15th to 17th centuries BC, providing the earliest directly documented evidence of urban occupation yet identified by the Swedish-led mission at the site....
https://knews.kathimerini.com.cy/en/business/cyprus-s-import-bill-races-ahead-as-trade-gap-widens-by-€820-million
From the fuel in our cars to the goods arriving on shop shelves, Cyprus buys far more from abroad than it sells overseas. That gap has grown by almost €820 million in a year....
https://knews.kathimerini.com.cy/en/news/france-s-money-troubles-could-reach-your-wallet-in-cyprus
France’s financial problems may feel a long way from the weekly supermarket shop in Nicosia. But when they drag down the euro, the effects can travel....
https://knews.kathimerini.com.cy/en/news/filling-the-heating-oil-tank-could-cost-€650-more-this-winter
Winter has not properly arrived yet, but the bill is already beginning to take shape....
https://knews.kathimerini.com.cy/en/news/u-s-diesel-ban-could-push-up-prices-in-europe-and-consequently-cyprus
A reported U.S. plan to halt diesel exports for 90 days has alarmed Brussels and could eventually be felt far beyond the negotiating rooms—including at petrol stations and supermarket checkouts in Cyprus....
https://knews.kathimerini.com.cy/en/news/global-lng-prices-up-150-while-cyprus-terminal-remains-unfinished
Europe is scrambling to secure enough natural gas for winter, with global prices soaring as supplies from Qatar remain trapped behind one of the world’s most dangerous shipping bottlenecks....
https://knews.kathimerini.com.cy/en/news/six-tonnes-of-meat-smuggled-from-free-areas-into-occupied-north
This was not a few cuts of meat hidden in the back of a car. Around six tonnes, reportedly 216 sheep carcasses, were found after allegedly being moved illegally from the government-controlled areas into the north....
https://knews.kathimerini.com.cy/en/news/budget-stays-in-surplus-as-war-and-rising-prices-squeeze-the-economy
The 2027 state budget will be presented to the Council of Ministers on Wednesday. It was prepared against a particularly challenging economic backdrop, just one week after the European Central Bank raised interest rates in an effort to contain inflationary pressures....
https://knews.kathimerini.com.cy/en/business/carney-urges-cyprus-and-nine-eu-states-to-ratify-canada-trade-deal
Canadian Prime Minister Mark Carney has called on Cyprus and nine other EU member states to ratify the European Union’s trade agreement with Canada, as Ottawa looks to strengthen its economic and political links with Europe while relations with Washington continue to deteriorate....
https://knews.kathimerini.com.cy/en/news/fuel-tax-cut-will-stay-but-oil-surge-threatens-to-swallow-the-saving
The government has stopped one petrol-price increase from reaching Cyprus drivers, but the international oil market may be preparing another....
https://knews.kathimerini.com.cy/en/news/soaring-fuel-prices-threaten-a-new-wave-of-increases-across-cyprus
Cypriot consumers have returned to their daily routines facing steep fuel increases and the prospect of another chain reaction of higher prices for goods and services....
https://knews.kathimerini.com.cy/en/news/agree-on-new-eu-taxes-or-pay-more-and-get-less-costa-warns
EU governments face a blunt choice: agree on new sources of income for the bloc, pay more from their national budgets, or accept cuts to programs they want to protect....
https://knews.kathimerini.com.cy/en/business/cyprus-economy-grows-3-3-but-is-it-reaching-your-pocket
Cyprus’ economy grew by 3.3% in the second quarter of 2026, comfortably outperforming the eurozone, but that does not necessarily mean every household is feeling richer....
https://knews.kathimerini.com.cy/en/business/cyprus-records-€770-6-million-fiscal-surplus-in-first-seven-months
Cyprus recorded a General Government fiscal surplus of €770.6 million in the first seven months of 2026, equivalent to 2.0% of GDP, according to preliminary figures released by the Statistical Service on Monday....
https://knews.kathimerini.com.cy/en/news/cyprus-may-be-far-from-iran-but-it-won-t-escape-the-fallout
Cyprus once again finds itself exposed to geopolitical developments and international turmoil. Renewed tensions between the United States and Iran, along with measures being considered by the Trump administration, are raising concerns about the possible impact on Europe and, by extension, Cyprus.
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https://knews.kathimerini.com.cy/en/news/that-€5-temu-order-could-cost-you-twice-as-much-in-cyprus
The €3 charge on low-cost online orders was apparently only the beginning....
https://knews.kathimerini.com.cy/en/news/nikos-christodoulides-expectation-vs-result
If the President decides to run for a second term, as all signs suggest he will, he cannot go back to voters in 2028 relying on the same sense of promise that brought him to power in 2023. By 2028, he will need concrete results, measured directly against his initial campaign promises....
https://knews.kathimerini.com.cy/en/news/cyprus-economy-is-growing-so-why-does-life-still-feel-so-expensive
Cyprus’ economy may be growing, but many households could be forgiven for wondering where that growth has gone....
https://knews.kathimerini.com.cy/en/life/who-will-fish-cyprus-waters-when-the-older-generation-steps-ashore
The future of Cyprus’ fishing harbors may depend not only on what remains in the sea but also on whether a new generation believes it can make a living from it....
https://knews.kathimerini.com.cy/en/news/that-€3-parcel-charge-brought-customs-nearly-€2-million-in-one-month
That small €3 charge on goods ordered from outside the European Union has quickly added up, bringing Cyprus Customs nearly €2 million in its first month....
https://knews.kathimerini.com.cy/en/news/our-health-comes-first-limassol-port-truck-drivers-walk-off-the-job-over-x-ray-scanner-fears
For the hundreds of truck drivers who pass through Limassol port every day, Thursday wasn't business as usual....
https://knews.kathimerini.com.cy/en/business/us-blocks-new-chinese-made-ai-robots
The United States has taken another major step in its technology showdown with China, blocking new imports of Chinese-made humanoid robots, robot dogs, and certain power inverters, arguing the devices could pose cybersecurity and national security risks....
https://knews.kathimerini.com.cy/en/news/the-republic-of-cyprus-is-being-held-hostage-by-its-own-energy-crisis
Energy Minister Michalis Damianos recently advised citizens to remain patient while the Transmission System Operator Cyprus (TSOC) rolls out scheduled blackouts during heatwaves over 40 degrees Celsius. Unsurprisingly, these comments met with anger and outrage....
https://knews.kathimerini.com.cy/en/business/cyprus-to-start-building-defense-equipment-for-the-first-time
For the first time, Cyprus is taking steps toward building its own defense equipment on the island, rather than relying entirely on imports....
