BusinessHub.cy — Cyprus Edition https://businesshub.cy/ Latest Cyprus business, fintech, compliance and regtech intelligence from BusinessHub.cy. en Sat, 14 Nov 2026 17:02:44 GMT https://businesshub.cy/apple-touch-icon.png BusinessHub.cy — Cyprus Edition https://businesshub.cy/ Nepal Stabilizes Its Economy—and Sets Its Sights Higher https://businesshub.cy/article/09728572-382a-408a-91c8-41f4da0b85ef https://businesshub.cy/article/09728572-382a-408a-91c8-41f4da0b85ef Sat, 14 Nov 2026 17:02:44 GMT Business Nepal has achieved macroeconomic stability through structural reforms, shifting focus toward accelerating inclusive growth and long-term economic resilience. Resilience Under Pressure: Egypt's Economy Defied Expectations https://businesshub.cy/article/3ebaa806-960c-4287-b710-0a1771d65cb0 https://businesshub.cy/article/3ebaa806-960c-4287-b710-0a1771d65cb0 Sat, 14 Nov 2026 17:02:18 GMT FinTech Egypt's economy showed resilience against regional instability through policy shifts, yet requires deeper structural reforms to ensure long-term private sector growth. Joint Statement by the Heads of the International Energy Agency, International Monetary Fund, World Bank Group and World Trade Organization https://businesshub.cy/article/ddc73514-3b79-4312-a013-3838b54b5125 https://businesshub.cy/article/ddc73514-3b79-4312-a013-3838b54b5125 Sat, 14 Nov 2026 17:01:49 GMT Leaders of the IEA, IMF, World Bank, and WTO met to coordinate responses to the Middle East conflict's impact on global energy, trade, and economic stability. IMF Staff Reaches Staff Level Agreement with Armenia on the Second Review of the Stand-By Arrangement (SBA) and request for a Resilience and Sustainability Facility (RSF) https://businesshub.cy/article/e7589be4-cd5d-4b13-817b-a4b5776ef125 https://businesshub.cy/article/e7589be4-cd5d-4b13-817b-a4b5776ef125 Sat, 14 Nov 2026 17:01:22 GMT Business The IMF reaches a staff-level agreement with Armenia, potentially unlocking significant financial support and enhancing regional economic stability. Choosing Growth: Reforms for Innovation, Scale, and Resilience https://businesshub.cy/article/04faa70e-3b1e-4c8f-be64-02d283ab681b https://businesshub.cy/article/04faa70e-3b1e-4c8f-be64-02d283ab681b Sat, 14 Nov 2026 17:00:56 GMT SME The IMF warns Europe to prioritize fiscal consolidation and structural reforms to counter rising sovereign yields, energy shocks, and stagnant growth. IMF Executive Board Concludes 2026 Article IV Consultation and Mid-Term Review and Request for Reduction of Access under Flexible Credit Line Arrangement with Mexico https://businesshub.cy/article/8bb105a3-a9b7-498f-9c0b-f0da4c273fee https://businesshub.cy/article/8bb105a3-a9b7-498f-9c0b-f0da4c273fee Sat, 14 Nov 2026 17:00:25 GMT SME The IMF approved Mexico's credit line reduction following improved economic stability, while advising tighter fiscal policies to manage debt and inflation despite a projected growth recovery through 2027. Press Briefing Transcript: Julie Kozack, Director, Communications Department, November 12, 2026 https://businesshub.cy/article/50faf1a8-e32d-443d-b39c-9fb6095a1d3e https://businesshub.cy/article/50faf1a8-e32d-443d-b39c-9fb6095a1d3e Sat, 14 Nov 2026 16:02:59 GMT FinTech IMF leadership outlines upcoming missions focused on fintech, AI-driven statistics, and regional economic oversight, including visits to Malta and Singapore. Finland: Staff Concluding Statement of the 2027 Article IV Mission https://businesshub.cy/article/9e450987-a032-4aeb-b6c0-e959c4a20a8c https://businesshub.cy/article/9e450987-a032-4aeb-b6c0-e959c4a20a8c Sat, 14 Nov 2026 16:02:51 GMT SME Finland's economy enters a recovery phase driven by exports and investment, though high unemployment and fiscal deficits necessitate structural reforms and consolidation. IMF Staff Concludes Visit to Georgia https://businesshub.cy/article/63586965-e2b7-45b5-859f-43c385bbdf7b https://businesshub.cy/article/63586965-e2b7-45b5-859f-43c385bbdf7b Sat, 14 Nov 2026 16:02:38 GMT SME The IMF reports robust 7.2% growth for Georgia in 2026 driven by ICT and trade, while warning that persistent inflation may necessitate tighter monetary policy. IMF Staff Completes 2026 Article IV Mission to Vietnam https://businesshub.cy/article/ae0e2aa8-c7c3-4337-9375-363b3b51302d https://businesshub.cy/article/ae0e2aa8-c7c3-4337-9375-363b3b51302d Sat, 14 Nov 2026 16:02:27 GMT SME Vietnam's economy is projected to grow by 9.2% in 2026, driven by AI and tech, though inflation risks and trade uncertainties remain for international partners. IMF Staff Concludes Visit to Lebanon https://businesshub.cy/article/bdaf70eb-db4f-46a5-a0f7-f255191aeb88 https://businesshub.cy/article/bdaf70eb-db4f-46a5-a0f7-f255191aeb88 Sat, 14 Nov 2026 16:02:17 GMT Business IMF staff visited Lebanon to advance banking sector restructuring, but a final agreement remains pending as laws must align with international standards to ensure financial stability. Speech: Navigating the Crosscurrents of a Changing World Economy https://businesshub.cy/article/1c71b4ae-955d-4874-aa71-005a7fd6a860 https://businesshub.cy/article/1c71b4ae-955d-4874-aa71-005a7fd6a860 Sat, 14 Nov 2026 16:01:58 GMT Compliance IMF Managing Director Kristalina Georgieva highlights AI, high energy prices, and record public debt as the three primary challenges facing the global economy ahead of the 2026 Annual Meetings. Creating the Conditions for Lasting Diversification in Algeria https://businesshub.cy/article/3356e49d-39a1-41ae-9730-fc9cda280737 https://businesshub.cy/article/3356e49d-39a1-41ae-9730-fc9cda280737 Sat, 14 Nov 2026 16:01:49 GMT SME Algeria is intensifying efforts to diversify its economy away from hydrocarbons through large-scale infrastructure projects and regulatory reforms to stimulate private sector growth. Inclusive Framework on Base Erosion and Profit Shifting Plenary Meeting Opening, remarks by OECD Secretary-General Mathias Cormann https://businesshub.cy/article/d2416ca0-f62f-4025-b732-3160b8af002b https://businesshub.cy/article/d2416ca0-f62f-4025-b732-3160b8af002b Sat, 14 Nov 2026 12:02:17 GMT SME OECD Secretary-General Mathias Cormann highlights the global implementation of the 15% minimum tax and outlines future priorities for international tax cooperation and profit-shifting prevention. Surging energy inflation pushed OECD headline inflation to 4.5% in September 2026 https://businesshub.cy/article/385ac7d6-41e4-4302-b5a7-07da9c1ad484 https://businesshub.cy/article/385ac7d6-41e4-4302-b5a7-07da9c1ad484 Sat, 14 Nov 2026 12:02:09 GMT OECD headline inflation climbed to 4.5% in September 2026, primarily driven by a sharp 17.4% surge in energy costs, with Eurozone HICP reaching 3.8%. OECD unemployment rate stable at 5.0% in September 2026, while youth unemployment rate reaches 11.5% https://businesshub.cy/article/2b8fd25c-54a4-4709-bc6a-25d2d1a73087 https://businesshub.cy/article/2b8fd25c-54a4-4709-bc6a-25d2d1a73087 Sat, 14 Nov 2026 12:02:01 GMT SME The OECD unemployment rate held steady at 5.0% in September 2026, though youth unemployment rose to 11.5% and gender gaps persisted in Greece and the Eurozone. Government support to agriculture grew by 15% in the last two years and much of it is distortive, says OECD https://businesshub.cy/article/b88a1930-cbf1-4043-a8af-9f17f75b0434 https://businesshub.cy/article/b88a1930-cbf1-4043-a8af-9f17f75b0434 Sat, 14 Nov 2026 12:01:54 GMT SME Global agricultural support rose 15% to $885 billion, largely through distortive subsidies that risk long-term productivity and increase consumer costs, according to the OECD. Reforms can strengthen Belgium’s competitiveness, unlock its growth potential and support sustainable public finances https://businesshub.cy/article/251bb589-717a-4f30-85f6-0c5f4152131f https://businesshub.cy/article/251bb589-717a-4f30-85f6-0c5f4152131f Sat, 14 Nov 2026 12:01:46 GMT SME The OECD urges Belgium to implement structural reforms in wage-setting, public spending, and green energy to address rising debt and slowing GDP growth. AI adoption accelerates across the OECD, but major gaps persist among businesses and generations https://businesshub.cy/article/755b65ea-6654-447f-877e-f9ae83ff2ebf https://businesshub.cy/article/755b65ea-6654-447f-877e-f9ae83ff2ebf Sat, 14 Nov 2026 12:01:39 GMT FinTech OECD report highlights a widening AI divide between large corporations and SMEs, alongside a generational gap in generative AI usage that threatens broad productivity gains. Rising exposure to extreme heat and droughts poses growing risks to economies, OECD finds https://businesshub.cy/article/aa6b46e0-c7f8-41d2-bbcf-94e2baeab2bd https://businesshub.cy/article/aa6b46e0-c7f8-41d2-bbcf-94e2baeab2bd Sat, 14 Nov 2026 12:01:29 GMT SME The OECD reports a massive global increase in extreme heat and a decline in soil moisture, threatening agricultural stability, energy production, and international supply chains. Governments need to make greater use of asset-backed pensions to support retirement incomes, OECD says https://businesshub.cy/article/2f0a8ce2-95f3-4e3c-8421-df1d23ade833 https://businesshub.cy/article/2f0a8ce2-95f3-4e3c-8421-df1d23ade833 Sat, 14 Nov 2026 12:01:20 GMT Compliance The OECD urges governments to address a growing retirement contribution gap by strengthening asset-backed pension schemes and improving financial advice regulations. Migration to OECD countries declines for second consecutive year, but remains high by historical standards https://businesshub.cy/article/566749c6-4cc1-4b42-9446-9d411a1dbcba https://businesshub.cy/article/566749c6-4cc1-4b42-9446-9d411a1dbcba Sat, 14 Nov 2026 12:01:12 GMT SME OECD migration fell 1.6% in 2025 to 6.1 million, but remains historically high, highlighting the critical need for better skill utilization to drive productivity amidst labor shortages. Tomorrow’s startups awarded: here are the EIT Jumpstarter 2026 winners https://businesshub.cy/article/c4874767-b53d-422b-8758-d89a3f099d3d https://businesshub.cy/article/c4874767-b53d-422b-8758-d89a3f099d3d Sat, 14 Nov 2026 09:01:23 GMT FinTech The EIT Jumpstarter 2026 winners have been announced, showcasing innovative startups from 12 countries in sectors like energy, healthcare, and agritech following intensive market validation. Pavlos Phokas calls for a stronger role for Cyprus shipyards in defence programmes https://businesshub.cy/article/df244a63-8668-4b71-aec8-ff167314a5db https://businesshub.cy/article/df244a63-8668-4b71-aec8-ff167314a5db Sat, 14 Nov 2026 06:11:14 GMT Business Multimarine Services’ Chief Commercial Officer highlighted how local shipyards and marine engineering firms could support Cyprus’ Ministry of Defence and help turn defence investment into skilled jobs. The Rise and Fall of NPLs in Cyprus: Solved, Transferred or Transformed? https://businesshub.cy/article/f4390456-ee56-4234-98b2-01e26462ac6f https://businesshub.cy/article/f4390456-ee56-4234-98b2-01e26462ac6f Fri, 13 Nov 2026 22:02:36 GMT Compliance The Central Bank of Cyprus examines the historical trajectory and current state of Non-Performing Loans, highlighting the transition of debt from banks to credit acquiring companies. Aggregated data for Credit Servicers (CSs) and Credit Acquiring Companies (CACs) - 30 June 2026 https://businesshub.cy/article/cd2dc3b9-43b1-4a6d-835e-85823ab96091 https://businesshub.cy/article/cd2dc3b9-43b1-4a6d-835e-85823ab96091 Fri, 13 Nov 2026 22:02:28 GMT Compliance Central Bank of Cyprus data for June 2026 shows a stable loan portfolio of €19.3 billion with NPLs at 94.6% and a decrease in properties held. The CBC leaves the countercyclical buffer rate unchanged at 1,5% https://businesshub.cy/article/3a3be6e4-9a98-46df-81c7-866594e370f4 https://businesshub.cy/article/3a3be6e4-9a98-46df-81c7-866594e370f4 Fri, 13 Nov 2026 22:02:20 GMT Compliance The Central Bank of Cyprus has maintained the countercyclical buffer rate at 1.50%, effective January 2026, to ensure long-term banking stability. Announcement regarding fine on Banque SBA Cyprus under Money Laundering Law https://businesshub.cy/article/8815d69d-ec75-467d-9d20-5c5cb7a17200 https://businesshub.cy/article/8815d69d-ec75-467d-9d20-5c5cb7a17200 Fri, 13 Nov 2026 22:02:12 GMT Compliance The Central Bank of Cyprus has fined Banque SBA Cyprus €750,000 for non-compliance with anti-money laundering and counter-terrorist financing regulations. GDP up by 0.4% and employment stable in the euro area https://businesshub.cy/article/460b3eac-eddb-474c-8133-2e8b390da6cd https://businesshub.cy/article/460b3eac-eddb-474c-8133-2e8b390da6cd Fri, 13 Nov 2026 22:01:44 GMT FinTech Euro area GDP grew by 0.4% in Q3 2026 while employment remained stable, signaling a moderate economic expansion amid a cooling labor market. Euro area international trade in goods deficit €10.3 bn https://businesshub.cy/article/5e07aea5-61b9-4e71-b02f-98916a9c308c https://businesshub.cy/article/5e07aea5-61b9-4e71-b02f-98916a9c308c Fri, 13 Nov 2026 22:01:32 GMT Compliance The Euro area shifted to a €10.3 billion trade deficit in September 2026, driven by surging energy import costs and a narrowing surplus in machinery. Large enterprises led EU services exports in 2024 https://businesshub.cy/article/921f7531-ae32-4574-92c7-0da21d962fd6 https://businesshub.cy/article/921f7531-ae32-4574-92c7-0da21d962fd6 Fri, 13 Nov 2026 22:01:18 GMT SME Eurostat data reveals that large enterprises continue to dominate EU services exports, underscoring the competitive gap facing SMEs in international markets. EU economy greenhouse gas emissions: -0.5% in Q2 2026 https://businesshub.cy/article/efb50e52-7fca-4834-b0c3-822afaf56a9a https://businesshub.cy/article/efb50e52-7fca-4834-b0c3-822afaf56a9a Fri, 13 Nov 2026 22:01:06 GMT Business EU greenhouse gas emissions declined by 0.5% in Q2 2026 despite economic activity, highlighting a continued trend toward decoupling growth from environmental impact. EU consumption expenditure grows, alcohol & tobacco dip https://businesshub.cy/article/30eaf2fd-228d-4b21-b4cc-e3c9c70f455d https://businesshub.cy/article/30eaf2fd-228d-4b21-b4cc-e3c9c70f455d Fri, 13 Nov 2026 22:00:54 GMT Business Eurostat data reveals a rise in overall EU household consumption expenditure, contrasting with a decline in spending on alcohol and tobacco products. Ablebook co-founders present app for finding accessible places across Cyprus https://businesshub.cy/article/be4daa44-2800-45ef-93eb-ebf8f45ab974 https://businesshub.cy/article/be4daa44-2800-45ef-93eb-ebf8f45ab974 Fri, 13 Nov 2026 20:06:55 GMT Business Andreas Vasiliou and Symeon Stylianou presented Ablebook, a Cyprus-developed app that helps people with disabilities check venue facilities, find designated parking and plan visits in advance. Theodoros Loucaides leads “From Grant to Growth” panel at Plug and Play Cyprus Expo https://businesshub.cy/article/e95bc982-7a93-4167-b067-940b5cf9301b https://businesshub.cy/article/e95bc982-7a93-4167-b067-940b5cf9301b Fri, 13 Nov 2026 19:36:23 GMT FinTech The Research and Innovation Foundation’s Director General brought together a corporate investor, a venture capital co-founder and a startup founder to discuss how Cypriot companies can build on public funding and reach international markets. ASBIS joins “From Grant to Growth” panel at Plug and Play Cyprus Expo https://businesshub.cy/article/87d2db35-c48a-467c-8946-30d0bac0daae https://businesshub.cy/article/87d2db35-c48a-467c-8946-30d0bac0daae Fri, 13 Nov 2026 19:28:40 GMT Business As a founding corporate partner ASBIS supported the Plug and Play Cyprus Expo alongside Mastercard, Tototheo Global and ECOMMBX. The Expo took place on November 11 at Etko in Limassol and marked the completion of the first cohort of the Plug and Play Cyprus Acceleration Program, with 10 startups… GDP Growth Rate - Growth Rate 3,1% (seasonally adjusted) - 3rd Quarter 2026 (Flash Estimate) https://businesshub.cy/article/56428d54-6abb-4df4-970f-b4b54562e085 https://businesshub.cy/article/56428d54-6abb-4df4-970f-b4b54562e085 Fri, 13 Nov 2026 19:03:14 GMT Business Cyprus GDP grew by 3.1% in Q3 2026, signaling sustained economic resilience and outperforming the broader Eurozone average. Call Centre Cyprus wins Gold for Sophia for Children partnership https://businesshub.cy/article/77b6d3ef-8bfc-4403-947b-2600fd2faca6 https://businesshub.cy/article/77b6d3ef-8bfc-4403-947b-2600fd2faca6 Fri, 13 Nov 2026 18:52:21 GMT Business The initiative reactivated 64 sponsors and generated €5,220 in donations, helping 64 children continue receiving support through the Adopt a Child programme Commission sends Supplementary Statement of Objections to PPC over predatory pricing in the Greek wholesale electricity market https://businesshub.cy/article/a264100d-e4a5-4d42-b53e-d820dfa3ded4 https://businesshub.cy/article/a264100d-e4a5-4d42-b53e-d820dfa3ded4 Fri, 13 Nov 2026 18:01:13 GMT Compliance The European Commission has intensified its antitrust investigation into PPC's predatory pricing in the Greek wholesale electricity market between 2013 and 2019. Welcome Speech by the Shipping Deputy Minister of the Republic of Cyprus, Ms Marina Hadjimanolis,... https://businesshub.cy/article/c1a944df-f90b-44af-beb8-bc117a3a4189 https://businesshub.cy/article/c1a944df-f90b-44af-beb8-bc117a3a4189 Fri, 13 Nov 2026 16:02:08 GMT SME Island Energies (formerly Island Oil) has rebranded to reflect its international expansion and commitment to sustainable maritime services and strategic growth within the Cyprus shipping cluster. President of the Republic of Cyprus – Informal meeting of EU Heads of State or Government https://businesshub.cy/article/b648335c-189d-4de7-8796-ab720b4adcea https://businesshub.cy/article/b648335c-189d-4de7-8796-ab720b4adcea Fri, 13 Nov 2026 16:01:58 GMT Business President Christodoulides participated in an informal EU summit in Dublin to discuss strategic European priorities and regional stability. Commission approves €286 million German State aid to port of Hamburg https://businesshub.cy/article/e3e82894-2084-4fb1-b504-40e715484e73 https://businesshub.cy/article/e3e82894-2084-4fb1-b504-40e715484e73 Fri, 13 Nov 2026 13:03:27 GMT Compliance The European Commission approved €286 million in German state aid for critical quay infrastructure at the Port of Hamburg to ensure safety and operational continuity. Doorstep by President von der Leyen ahead of the informal meeting of the European Council of 13 November https://businesshub.cy/article/de76e201-de29-4bad-9077-55a85586abae https://businesshub.cy/article/de76e201-de29-4bad-9077-55a85586abae Fri, 13 Nov 2026 13:03:04 GMT Compliance The EU Commission focuses on promoting 'Industrial AI' using European manufacturing data while preparing for the 22nd Russia sanctions package and future Ukraine funding. Daily news - Nov 12, 2026 https://businesshub.cy/article/8c0e5187-4591-45ad-9dc7-865395c24ea5 https://businesshub.cy/article/8c0e5187-4591-45ad-9dc7-865395c24ea5 Fri, 13 Nov 2026 13:02:53 GMT Compliance The EU is pushing for accelerated global climate action and regional cooperation at COP31, emphasizing electrification, Mediterranean resilience, and ocean-climate initiatives. EIB Group boosts support for Ukrainian businesses with EU-backed guarantees and grants https://businesshub.cy/article/5329cae2-6ac0-403a-8e07-6ed5ad25fe69 https://businesshub.cy/article/5329cae2-6ac0-403a-8e07-6ed5ad25fe69 Fri, 13 Nov 2026 12:03:16 GMT SME The EIB Group and EU have launched €286 million in guarantees and grants to support over 2,200 Ukrainian SMEs via local banks. Türkiye to accelerate sustainable development as İLBANK teams up with EIB for advisory support https://businesshub.cy/article/bcaaa3e2-62b8-4ae3-9c45-71d0ffc9be72 https://businesshub.cy/article/bcaaa3e2-62b8-4ae3-9c45-71d0ffc9be72 Fri, 13 Nov 2026 12:03:07 GMT FinTech The EIB and İLBANK have partnered to provide advisory support for developing low-carbon and climate-resilient municipal infrastructure projects in Turkey. Latvia to step up energy-efficient housing drive with EIB loan of €70 million to development finance entity Altum https://businesshub.cy/article/de251ef2-e73f-4934-8635-50ec13820259 https://businesshub.cy/article/de251ef2-e73f-4934-8635-50ec13820259 Fri, 13 Nov 2026 12:02:58 GMT FinTech The EIB has granted a €70 million loan to Latvia's Altum to finance energy-efficient renovations for 3,900 apartments, aiming for a 40% reduction in energy consumption. Interior Minister – President and delegation of Ammochostos Chamber of Commerce and Industry https://businesshub.cy/article/ef1c029e-2073-4df8-b1fc-da6c40df2a9e https://businesshub.cy/article/ef1c029e-2073-4df8-b1fc-da6c40df2a9e Fri, 13 Nov 2026 12:01:46 GMT Business Interior Minister Constantinos Ioannou met with the Ammochostos Chamber of Commerce and Industry to discuss regional development and local governance issues. Opening address by the Minister of Energy, Commerce and Industry, Mr Michael Damianos, at the Cyprus Fintech Summit... https://businesshub.cy/article/60342992-5b30-490d-916e-29fba38f182a https://businesshub.cy/article/60342992-5b30-490d-916e-29fba38f182a Fri, 13 Nov 2026 12:01:36 GMT FinTech Cyprus unveils a strategic vision to become a major Fintech gateway connecting Europe with India, the Gulf, and Africa through 2030. President of the Republic of Cyprus – EPC Summit 2026 https://businesshub.cy/article/76e6173f-6ac0-4674-a67b-3175f5fc5975 https://businesshub.cy/article/76e6173f-6ac0-4674-a67b-3175f5fc5975 Fri, 13 Nov 2026 12:01:27 GMT Business President Nikos Christodoulides attends the 2026 European Political Community Summit in Dublin to engage in high-level discussions on regional security and political cooperation.