The increase in the prices of fuels and lubricants for personal transport in Cyprus was below the European Union average of 31.4 per cent, but still reflected the continuing pressure on motorists as energy costs climbed across the bloc.
On a monthly basis, petrol prices in Cyprus rose by 3.8 per cent between August and September, the smallest increase recorded among EU member states.
The transaction, agreed in March, covers substantially all of CDB’s performing loans and deposits, together with certain other assets and liabilities, and was completed at a price close to their book value.
The consideration was nearly at par, with the total estimated discount on the assets transferred amounting to approximately €2.8 million, according to CDB.
Ioannis Charilaou has been reappointed as a non-executive member of the Central Bank of Cyprus (CBC) board for a further five years, from October 21, 2026, until October 20, 2031.
A chartered certified accountant, Charilaou has served on the board since October 2016, making this his third consecutive term.
The surplus amounted to €1.36bn, based on audited and verified figures compiled under the European Commission’s Excessive Deficit Procedure, while government debt stood at €20.05bn, equivalent to 52.3 per cent of GDP.
Eurostat’s figures showed that Cyprus was one of only five EU member states to record a government surplus last year, alongside Denmark, at 2.9 per cent of GDP, Greece at 2 per cent, Ireland at 1.8 per cent and Portugal at 0.7 per cent.
A delegation of the Cyprus Information Technology Enterprises Association (CITEA) held a meeting with Electronic Communications Commissioner Marios Pieris, in the presence of Assistant Commissioner Georgios Georgiou, with the aim of strengthening cooperation and promoting joint initiatives in both fields.
Representing CITEA were the association’s president George Malekkos, vice-president Antonia Michael, board member Nikos Kaisis and director Matina Zisiadou.
The ratio dropped by 3 percentage points from 51.5 per cent in the first quarter and was 9.5 percentage points lower than the 58.1 per cent recorded in the second quarter of 2025.
Cyprus’ general government gross debt stood at €19.2 billion at the end of June 2026, down from €20.03 billion at the end of March and €21.7 billion a year earlier.
The prospect was raised during the 8th Cyprus-Israel Business & Investment Summit, held in Tel Aviv this week, with the participation and support of Eurobank.
The conference brought together entrepreneurs, investors and institutional representatives from both countries, at a time when bilateral relations are expanding across trade, investment, energy, tourism, services, technology and innovation.
The distribution will be processed through the operators of the beneficiaries’ accounts in the Dematerialised Securities System, including banks, custodians and securities firms.
The payment procedures will be conducted in accordance with Euronext Athens regulations and relevant corporate resolutions.
Writing on her personal platform, Theodosiou reflected on a contradiction she sees emerging in modern leadership, where businesses invest considerable effort in developing communication and emotional intelligence while increasingly allowing AI to speak on their behalf.
Her comments followed a three-hour workshop titled ‘The Art of Leadership’, organised by WISTA Cyprus and delivered by Sofia Rizou, during which participants explored emotional intelligence, body language, communication and the influence of words through interactive exercises and role-playing.
The shares were traded on Euronext Athens between October 12 and October 16, at an average purchase price of €4.2187 per share, with the total consideration amounting to €4,882,845.72.
The bank’s announcement, published on October 20, follows an earlier update dated July 31 and relates to a buyback programme approved by its annual general meeting on June 26, 2026.
The distribution amounts to five cents per fully paid ordinary share, representing a higher per-share payment than the four-cent dividend completed by the company in August.
Shareholders registered in the Cyprus Stock Exchange’s records on November 2 will be entitled to receive the latest dividend.
The Limassol-headquartered group’s revenues rose from $332 million in September 2025, making the latest month both its strongest September on record and its highest-revenue month ever.
“September 2026 will go down in ASBIS history as the month in which we achieved the highest sales in the Group’s history,” said Serhei Kostevitch, chief executive officer of Asbis Group.
The issue comprises 50,000 treasury bills with a nominal value of €1,000 each, representing the 10th issue in the 2026 series.
The bills will run from October 23, 2026, until January 22, 2027, and were issued by the Republic of Cyprus following the auction conducted earlier this week.