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A Decline in Counterfeit Banknotes in Cyprus: What You Need to Know for 2024

In a positive turn for financial security in Cyprus, 2024 saw a decrease in counterfeit euro banknotes, with just 571 fake notes removed from circulation. This marks a notable 11% drop compared to the previous year, according to the Central Bank of Cyprus.

The Most Counterfeited Euro Denomination

Among the counterfeit notes, the €50 denomination topped the list, accounting for 36.8% of the total discovered in Cyprus. Although the number of fake notes is relatively small compared to the genuine ones, vigilance in cash transactions remains paramount.

Global Context

Across the euro area, around 554,000 counterfeit euro banknotes were intercepted in 2024, representing an 18.6% increase from the year before. Notably, €50 and €20 notes made up 79.6% of this total.

The Central Bank of Cyprus provides resources for the public to verify the authenticity of their banknotes, a crucial step in safeguarding transactions.

EU Farm Output Prices Decline For The First Time In Nine Months

EU Market Adjustments Signal New Price Trends

Agricultural output prices across the European Union declined in the fourth quarter of 2025, marking a shift after several quarters of increases. Data from Eurostat shows that farm gate prices fell by 1.9% compared with the same period in 2024.

Crisis of Declining Prices In Select Markets

Cyprus recorded one of the more notable decreases in agricultural input costs among EU member states, with prices falling by 2.6% compared with Q4 2024. The reduction eased cost pressures for the local agricultural sector following periods of higher prices earlier in 2025. Across the EU, prices for goods and services consumed in agriculture remained relatively stable. Non-investment inputs such as energy, fertilisers and feedingstuffs showed limited overall changes during the quarter.

Country-Specific Divergence In Price Movements

Eurostat data highlights considerable variation across member states. Fifteen EU countries recorded declines in agricultural output prices. Belgium registered the largest decrease at 12.9%, followed by Lithuania (8.2%) and Germany (6.0%). At the same time, twelve countries reported increases in output prices. Ireland recorded the strongest rise at 6.8%, followed by Slovenia (5.6%) and Malta (4.2%).

Stability In Agricultural Inputs Amid Commodity Shifts

Agricultural input prices also showed mixed developments. Eleven member states recorded declines, including Cyprus (2.6%), Belgium (2.1%) and Sweden (2.0%). Other countries experienced moderate increases, including Lithuania (4.2%), Ireland (3.3%) and Romania (2.5%). Among major agricultural commodities, milk prices declined by 4.1% while cereal prices fell by 8.9% across the EU. In contrast, fertilisers and soil improvers increased by 7.9%, reflecting continued volatility in input markets.

Outlook For EU Agriculture

The latest Eurostat data points to uneven price developments across the EU agricultural sector. While input prices remained broadly stable in many markets, movements in output prices varied significantly between member states. These trends highlight the need for farmers and policymakers to adapt to shifting commodity prices and changing cost structures across the European agricultural market.

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