Economy

New co-operative bank launches €42m public share offer

Cyprus
The Cyprus Co-operative movement has launched a €42 million public share offer to raise capital for the creation of a new Co-op bank. The public...

Cyprus records EU’s second-largest annual public debt drop

Economy
Cyprus' gross government debt fell to 54.6% of GDP at the end of the first quarter of 2026, according to figures published by Eurostat...

Israeli tourists fill gap in arrivals, but not overnight stays

Cyprus
A sharp increase in tourism from Israel provided a significant boost to Cyprus' visitor arrivals in June, helping offset declines from the island's traditional...

Oil prices top $90 a barrel amid rising Middle East tensions

Economy
Oil prices rose above $90 a barrel during Asian trading on Monday, reaching their highest level since June as the escalating conflict in the...

EU aviation fuel concerns: How Cyprus could be affected

Cyprus
Europe has less than one month's worth of aviation fuel reserves, as renewed tensions in the Middle East and uncertainty surrounding the Strait of...
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