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Cyprus Inflation Eases In October 2025 Amid Mixed Sector Performance

According to the Cyprus Statistical Service, October 2025 saw inflation ease by 0.3% in challenging economic conditions. The Consumer Price Index (CPI) increased to 118.25 units from 117.71 units in September, marking a monthly rise of 0.54 units, though the annual trend is in decline.

Sectoral Shifts: Electricity And Agricultural Products Under Pressure

When compared with October 2024, the service sector experienced the highest positive change at +3%. In stark contrast, the electricity segment plummeted by 7.5% and agricultural products dropped by 2.6%. Notably, electricity registered the largest monthly improvement with a 1.7% increase over September 2025.

Boosts In Dining And Education

The data reveals that Restaurants and Hotels recorded the most significant year-over-year increase at +4.4%, closely followed by Education at +3.5%. Conversely, Apparel and Footwear experienced a substantial decline of 6.7%, while Food and Non-Alcoholic Beverages fell by 2.1%. On a monthly basis, Apparel and Footwear surged by 3.6% and Education increased by 1.2%.

Year-To-Date Trends

From January through October 2025, the sectors recording the highest gains relative to the same period in 2024 were Restaurants and Hotels (+4.7%), Education (+3.7%), and Recreation and Culture (+3.3%). In contrast, Apparel and Footwear posted the steepest decline at –6.2%.

Impact Analysis On The CPI

A closer look at the annual CPI shift reveals that Restaurants and Hotels (+0.48) and Education (+0.16) contributed most positively. Meanwhile, Food and Non-Alcoholic Beverages (–0.52) and Apparel and Footwear (–0.51) were the largest detractors. On a monthly scale, Apparel and Footwear (+0.25) and the Housing, Water, Electricity and Gas sector (+0.12) played critical roles. Additionally, Food Services contributed an extra +0.50 on an annual basis, while negative effects were observed in Apparel Items (–0.43) and Electricity (–0.43).

doValue Cyprus Strengthens Market Leadership With New Astrobank Portfolio

Expanding Market Influence

Loan and real estate management firm doValue Cyprus has significantly reinforced its domestic presence in non-performing loan servicing by acquiring a new portfolio from Astrobank Public Company Limited. This development follows Astrobank’s recent transition, marked by the transfer of key operations to Alpha Bank Cyprus Limited and the subsequent surrender of its banking licence.

Strategic Acquisition And Swift Execution

Finalized on November 3, 2025, the agreement underscores a decisive strategic shift as doValue Cyprus assumes management of Astrobank’s remaining portfolio. The immediate commencement of portfolio management is a testament to the firm’s commitment to delivering specialized, resilient solutions within the non-performing loan market.

Expertise Driving Market Growth

Chief Executive Officer Varnavas Kourounas emphasized that the latest portfolio acquisition not only expands the firm’s operational footprint but also validates its credibility and deep expertise in the competitive Cypriot financial sector. The strategic move is aligned with the broader growth ambitions of the doValue Group.

Broader Market Implications

Operating as part of the international doValue Group—the largest independent loan and real estate management organization in Southern Europe—doValue Cyprus is well-positioned to leverage its newly expanded portfolio. With approximately €136 billion in assets under management, the group maintains a dominant presence across Italy, Greece, Spain, Portugal, and Cyprus. Moreover, its subsidiary, Altamira Real Estate, runs Cyprus’ largest real estate platform, managing extensive property portfolios alongside the island’s most comprehensive sales network.

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