Economy
Top in Economy
Cancelled Projects Cost Cyprus Taxpayers Millions
3 min read21 Apr 2026
Economy
Business news, economic indicators, financial markets, and investment in Cyprus
Latest in Economy
Latest in Economy
Must Read
Must Read
Editor's Pick
Editor's Pick
More in Economy
More in Economy
No image
Economy
Currency Stabilises, But Yemen Faces Deep Liquidity Crunch
Yemen's riyal has strengthened sharply against the dollar following government interventions, but a severe shortage of physical banknotes is forcing exchange firms to cap conversions and leaving citizens unable to meet daily expenses across government-controlled cities.
4 min read•19 Apr 2026
No image
Economy
Cyprus Tax Authority Gains Power to Shut Businesses and Seize Shares
Cyprus's Tax Department has finalised new powers to suspend business operations and freeze corporate shares of delinquent taxpayers, with measures effective from 1 January 2026. Closures follow a structured 30-day process, while share freezes can apply to debts exceeding €100,000.
3 min read•19 Apr 2026
Economy
Bank of England holds rates at 3.75% in unanimous MPC decision
The Bank of England held rates at 3.75% in March, with all nine MPC members voting unanimously to hold — surprising markets that expected some support for a cut and pushing rate-hike expectations higher for the year.
2 min read•18 Apr 2026
No image
Economy
Iran mines Strait of Hormuz as oil approaches $95
Iran has mined the Strait of Hormuz, routing roughly 20% of world energy supplies. The EIA forecasts Brent crude near $95 per barrel for months, with knock-on effects on inflation, food prices and Mediterranean economies including Cyprus.
3 min read•18 Apr 2026
No image
Economy
Oil Prices Set to Stay Elevated Despite US-Iran Ceasefire Rally
Global markets have surged following a US-Iran ceasefire announcement, but deVere Group CEO Nigel Green warns oil prices will stay structurally elevated, with the geopolitical risk premium now baked in regardless of short-term de-escalation.
3 min read•18 Apr 2026
No image
Economy
Turkey and Kazakhstan Set $15bn Trade Target Ahead of Erdoğan Visit
Turkey and Kazakhstan have set a $15 billion bilateral trade target and agreed on a series of joint industrial projects at the 14th Intergovernmental Commission in Astana, ahead of an upcoming state visit by President Erdoğan.
3 min read•17 Apr 2026
