Following business and economy news from Cyprus

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Last update: 6 hours ago

Central Banking Watch: Cyprus Central Banker Christodoulos Patsalides says the ECB could move in June, citing fresh energy uncertainty and geopolitical risks that may push inflation back up. Energy & Infrastructure: The Great Sea Interconnector is still inching forward—Cyprus and Greece have asked the EIB for support, but updated work may not finish before end-2026. EU Business Compliance: Keve will run a May 27 webinar to help firms prepare for the EU Deforestation Regulation. Pharma Supply Chain: Under the Cyprus Presidency, EU negotiators have reached a provisional deal on the Critical Medicines Act, aiming to strengthen resilience and reduce shortages. Migration Pressure: New UN-linked reporting warns journeys across the Mediterranean can remain deadly even where arrival numbers fall. Markets: The Cyprus Stock Exchange slipped 0.19% in Nicosia, while Greece’s mid-caps kept ATHEX steady. Travel Demand: Tui flags a 10% drop in bookings as holidaymakers delay decisions amid Middle East disruption.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.

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