Cyprus Business Now: landmark events, petroleum, banks, construction, tourism

The Cypriot economy maintained a robust trajectory through December 29, 2025, as the government successfully navigated a complex landscape of global trade tensions and regional instability to implement landmark domestic reforms.

Globally, uncertainty sharpened early in the year as renewed trade tensions emerged following tariff measures announced by US President Donald Trump, reviving fears of higher inflation and a possible slowdown in global growth.

These pressures coincided with persistent geopolitical