Cyprus Trade Dynamics: Balancing Export Growth Against Import Surge

by News Editor

April 10, 2025

The initial months of 2025 signal a complex economic landscape for Cyprus, driven by robust export performance but overshadowed by a more pronounced rise in imports. According to recent data from the Cyprus Statistical Service, the nation’s trade deficit experienced an increase of €102.7 million, reaching a total of €1.24 billion.

Exports On The Rise

Cyprus saw its goods exports climb by a substantial 55.9%, totaling €913.3 million, thanks to strengthening market presence. February 2025 itself showcased a notable export figure of €476.4 million, representing a 73.8% jump from February 2024.

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Import Surge Expands Deficit

Despite the encouraging export growth, imports surged even higher, growing by 24.8% and reaching €2,160.7 million. The month of February alone witnessed an import volume of €1,027.2 million, marking an 18.9% year-on-year increase.

Diversified Trade: EU And Beyond

EU trade reveals intriguing dynamics with imports from EU members at €560.8 million and third-country imports considerably higher at €466.4 million. February’s export distribution includes €117.4 million to EU partners and €359.0 million to non-EU countries.

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SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

by THEFUTURE.TEAM

January 26, 2026

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

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Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

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