Cyprus Economy Poised For 3% Growth In 2026 Amid Global Headwinds

by THEFUTURE.TEAM

April 15, 2026

Strong Performance Despite Global Volatility

International Monetary Fund (IMF) forecasts real GDP growth in Cyprus at 3.8% in 2025 and 3% in 2026. Projections come amid ongoing geopolitical tensions, including conflict in the Middle East. Cyprus outperforms broader European trends, where economic activity remains weaker.

Global Growth And Energy Risks

IMF projects global growth at 3.1% in 2026 and 3.2% in 2027, assuming limited escalation of current conflicts. Energy prices and tighter financial conditions remain key risk factors. Further disruptions linked to geopolitical developments could reduce global growth.

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Inflation And Oil Price Projections

Global inflation is expected to reach 4.4% in 2026 before easing to 3.7% in 2027. Baseline projections place oil prices at $82 in 2026 and $75 in 2027. Adverse scenarios indicate oil prices could rise to $100 or $110, increasing inflation pressures.

European Monetary Policy Challenges

Euro area growth is forecast at 1.1% in 2026, down from 1.4% in 2025. Inflation is expected to reach 2.6% in 2026. Market expectations point to a 50 basis point increase in the European Central Bank deposit rate.

Conclusion: Navigating Uncertain Times

IMF analysis identifies geopolitical risks, energy costs, and fiscal pressures as key factors affecting global economic performance. Policy coordination and macroeconomic stability remain central to managing these risks.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

by THEFUTURE.TEAM

July 17, 2026

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

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Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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