6+ day, 6+ hour ago   (1626+ words) Cyprus Fiscal Council president Andreas Charalambous has described Morningstar DBRS’ decision to raise Cyprus’ credit outlook to positive as expected, while warning that pension reform and the approaching election period could create fiscal risks. Morningstar DBRS affirmed Cyprus’ long-term credit…...

1+ week, 4+ day ago   (1688+ words) Cyprus is preparing a new interbank payment service that would allow customers to send money using only the recipient’s mobile phone number, with its introduction currently being considered for the first quarter of 2027. Plans are expected to enter a more…...

3+ week, 2+ day ago   (1481+ words) Construction activity across the European Union weakened sharply in June, according to Eurostat data released Thursday, although Cyprus is entering the period from a comparatively strong position, backed by a substantial pipeline of projects and rising housing demand. Seasonally adjusted…...

4+ week, 1+ day ago   (531+ words) Cyprus recorded 3.3 per cent annual economic growth in the second quarter of 2026, significantly outperforming the euro area and EU, according to Eurostat and preliminary data from the Statistical Service. The Cypriot economy grew by 3.3 per cent compared with the second…...