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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).

Capital Maritime Finance Raises €300 Million In Athens IPO

Capital Maritime Finance has raised €300 million through its stock market debut in Athens, marking Greece’s largest maritime equity offering and the first primary listing of a shipping company exclusively on Euronext Athens.

Strong Investor Demand For Shipping Shares

The initial public offering attracted strong interest from Greek and international investors, with demand exceeding the shares available by 4.34 times, according to Euronext. Shares were priced at €7.50 each, giving the container shipping company a market capitalisation of €1.05 billion on its first day of trading under the ticker CMFC.

The response highlights investor interest in shipping companies with modern fleets, predictable earnings and long-term charter agreements, which can provide greater revenue visibility in a cyclical industry.

Fleet Expansion Supports Growth Strategy

Capital Maritime Finance currently operates 13 vessels with a combined capacity of 27,891 twenty-foot equivalent units (TEU). A further 23 container ships are under construction and will add 120,874 TEU to its fleet.

Once all vessels have been delivered, the company will operate 36 fully owned container ships, all covered by long-term charter agreements extending to 2038. These contracts provide greater visibility over future revenue, helping mitigate some of the uncertainty associated with fluctuations in vessel values and freight rates.

IPO Increases Share Capital

The offering included the issuance of 40 million new shares, bringing the company’s total share capital to 140 million shares. All shares have been admitted to trading on Euronext Athens.

A Milestone For Greece’s Maritime Market

Capital Maritime Finance chairman Gerasimos Kalogiratos described the strong investor response as “a vote of confidence” in the company’s business model, modern fleet and expansion strategy. He added that the listing “strengthens Greece’s position as a global maritime hub.”

The transaction marks the third shipping company listing on Euronext Athens in 2026 and the 70th listing across Euronext’s markets this year. It also highlights the role of equity markets in financing capital-intensive industries such as shipping.

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