Mall Of Cyprus And Mall Of Engomi Join Ablebook Platform

The Ablebook application has announced its new partnership with the Mall of Cyprus and the Mall of Engomi, integrating their spaces into its platform.

This partnership aims to facilitate access and provide information for people with disabilities and other vulnerable groups, a relevant press release notes.

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Ablebook, an application on Android and iOS devices, aims to improve accessibility and support people with disabilities and other vulnerable groups by offering information and services that facilitate their daily lives.

As noted in the press release, the Mall of Cyprus and the Mall of Engomi offer a range of accessible infrastructure, such as dedicated parking spaces near the entrances, ramps, accessible toilets and comfortable wheelchair spaces.

“Through this partnership, Ablebook users visiting the specific malls can be informed about the accessible facilities and ask for assistance, if needed, from the relevant mall staff. This ensures that all visitors can enjoy their shopping experience and moments without obstacles,” the press release adds.

“Our collaboration with the Mall of Cyprus and Mall of Engomi is another step towards a more equal and open society for all. By offering facilities and services that cater to the needs of people with disabilities, shopping centers contribute positively to social progress and solidarity,” Ablebook’s announcement concludes.

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Middle East Tensions Cast A Long Shadow Over Cyprus Economic Outlook

by THEFUTURE.TEAM

May 12, 2026

Improved Current Account Performance Amid Uncertainty

Cyprus recorded an improvement in its current account balance during 2025, with the deficit narrowing to 6.4% of GDP from 9.7% in 2023, according to analysis by Michail Vassileiadis. The improvement was primarily supported by continued expansion in the country’s services surplus, which reached a historic high of 25.2% of GDP compared with 23.5% a year earlier.

Sectoral Strength And Fiscal Dynamics

A moderate reduction in the goods deficit also contributed to the stronger current account position, although the deficit remained elevated at 19.5% of GDP. At the same time, the primary income deficit widened from 10.8% to 11.2% of GDP, reflecting higher outward flows linked to direct investment profits. The secondary income balance improved slightly, moving to a deficit of 0.9% of GDP.

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Robust Contributions From Key Economic Sectors

Strong contributions continued coming from intellectual property, tourism and financial services, which generated surpluses equal to 5.3%, 5.7% and 6.5% of GDP, respectively. Although transport and other business services weakened compared with the previous year, ICT services remained stable at 7.5% of GDP, continuing to support economic growth between 2021 and 2025.

Export-Import Dynamics And Structural Shifts

In value terms, the goods deficit widened by 2.5%, driven by a 1.4% increase in imports alongside a 0.2% decline in exports. Petroleum products accounted for 53.9% of the increase in imports, while pharmaceuticals represented another 16.5%. At the same time, exports of refined petroleum products surged by 298.8%, helping offset the impact of a sharp decline in ship exports.

Risks From Geopolitical Instability And Future Outlook

The analysis noted that geopolitical tensions in the Middle East continue posing risks for sectors including tourism and transport. A slowdown in European economic activity or prolonged regional instability could affect tourism revenues and disrupt shipping activity. The report also noted that Cyprus benefited from safe-haven inflows during earlier periods of regional instability, including the Gaza conflict between 2023 and 2025, although prolonged uncertainty could weigh on investment activity and increase market caution.

Conclusion

Cyprus’ recent fiscal improvements, supported by structural reforms and successive sovereign credit rating upgrades, have bolstered investor confidence, enabling a return to A-tier status. Nonetheless, the country faces a delicate balancing act as it navigates rising energy prices and the potential market turbulence induced by external geopolitical pressures. Strategic policy measures and adaptive economic planning will be critical in maintaining this positive momentum against a backdrop of persistent uncertainty.

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