Cyprus Business Now: economy, shipping, tourism, TechIsland, Eurobank, energy

Cyprus’ short-term economic outlook returned to marginal growth territory in August, according to the latest Composite Leading Economic Index (CCLEI) from the Economics Research Centre of the University of Cyprus (CypERC), although external pressures continue to weigh on the economy. The CCLEI recorded a year-on-year increase of 0. 02 per cent in August 2026, based on revised data, following declines in the previous months . The return to positive territory was driven mainly by stronger performance across several domestic indicators, including property sales contracts, credit card transactions by Cypriots , retail sales volumes and temperature-adjusted electricity production. These developments provided a counterbalance to weaker external conditions , with Brent crude oil prices remaining significantly higher than a year earlier and tourist arrivals lower on a year-on-year basis .

Investment and access to financing will be central to the future development of Cyprus’ healthcare sector, according to Eurobank, which participated in the 9th Cyprus Healthcare Conference in Nicosia. The conference, which took place on Thursday, examined the challenges and opportunities facing healthcare, with discussions focusing on digital transformation and artificial intelligence and the development of a sustainable healthcare services ecosystem in Cyprus. Speaking at the event, Eurobank Wholesale Banking general manager Phivos Stasopoulos said that a modern healthcare system could not develop without investment and access to capital. He argued that banks’ role extended beyond conventional lending, with financial institutions acting as strategic partners supporting growth, innovation and transformation across the sector. The Cyprus Employers and Industrialists Federation (Oev) and…