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Bank Of Cyprus Updates Privacy Statement In Line With GDPR Requirements

The Bank of Cyprus has updated its Privacy Statement to reflect current European and national data protection requirements, reinforcing transparency around how personal data is collected, processed and protected.

Aligned With European Data Protection Rules

The updated statement incorporates the requirements of the General Data Protection Regulation (GDPR), Regulation (EU) 2016/679, along with applicable national legislation governing the processing of personal data.

Who The Statement Covers

The revised Privacy Statement applies to current and prospective customers, their authorised representatives, as well as the beneficial owners of corporate customers and prospective corporate customers.

What The Update Includes

According to the bank, the document explains how personal data is collected, used, stored and protected, while outlining the rights available to individuals under applicable data protection legislation.

The bank encourages customers and other affected parties to review the updated statement to better understand how their personal information is handled.

How To Access The Statement

The revised Privacy Statement is available on the Bank of Cyprus website, through the bank’s digital channels and at all Bank of Cyprus branches.

Cyprus Employment Rises 1.7% To 525,167 In Q2 2026

Cyprus employment increased 1.7% year over year to an estimated 525,167 people in the second quarter of 2026, according to the state statistical service, Cystat. Employees accounted for 472,254 of the total, while 52,913 were self-employed. The increase points to continued labor market growth across both wage employment and independent work.

Trade, Construction And Leisure Lead Employment Growth

Wholesale and retail trade, including motor vehicle and motorcycle repair, recorded some of the strongest employment gains, alongside construction and arts, entertainment and recreation.

Those sectors are closely linked to domestic economic activity, with trade reflecting consumer demand and construction reflecting investment. Employment growth in leisure-related industries also points to continued activity in consumer-facing services.

Hours Worked Rise Faster Than Employment

Labor input increased faster than headcount. Cystat estimated that employees and other workers put in 246.57 million hours during the second quarter, up 2.2% from a year earlier.

The increase suggests that businesses were not only employing more people but also recording higher total hours worked. Wholesale and retail trade, construction, and arts, entertainment and recreation again recorded the strongest gains.

Labor Market Expansion Remains Broad-Based

The combination of higher employment and hours worked points to continued expansion in Cyprus’ labor market during the second quarter. The pace remains moderate, but gains across several major sectors indicate that labor demand continued to support economic activity.

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