Economy

Cashless businesses on the rise in Cyprus as cash use declines

Cashless businesses in Cyprus are becoming more visible as the shift towards electronic payments accelerates. Some businesses in Nicosia have stopped accepting cash, citing...

Cyprus development budget: millions left unspent

The Cyprus Fiscal Council has raised serious concerns over the implementation of major state development projects, highlighting persistent weaknesses in budget execution and the...

AI investment supports global growth, but war and debt threaten outlook

The International Monetary Fund (IMF) expects global economic growth to reach 3.1% in 2026, as strong investment in artificial intelligence (AI) helps offset the...

Cyprus trade deficit reaches €6.3 billion in the first eight months

Cyprus’ trade deficit reached €6.3 billion in the first eight months of 2026, as imports continued to outpace exports, according to data published by...

Christodoulides: Cost-of-living support measures exceed €1 billion

President Nikos Christodoulides has said the government has announced and is implementing more than €1 billion in support measures to address the cost of...