Eurobank announced on Monday that it repurchased a total of 1,099,627 own shares on Euronext Athens between August 3, 2026, and August 7, 2026.

The lender executed the share buyback transactions at an average purchase price of €4.4739 per share, resulting in a total outlay of €4,919,628.39.

The share buyback was carried out through the bank’s investment firm, Eurobank Equities Single Member Investment Firm, in accordance with Article 49 of Law 4548/2018.

The ongoing share buyback programme was originally approved by shareholders during the bank’s annual general meeting held on April 28, 2026.

Cyprus’ airports are handling around 50,000 passengers and 325 flights every day at the height of the summer season, as authorities reopen road access to Larnaca airport’s arrivals area to ease congestion.

According to Hermes Airports’ director of aviation development, marketing and communications Maria Kouroupi, Larnaca airport is currently operating approximately 230 flights daily, serving around 36,000 arriving and departing passengers each day.

She added that Paphos airport is welcoming about 14,000 passengers daily across 95 flights.

The figures were released as the road leading to the exits of Larnaca airport’s arrivals area reopened to private vehicles after months of restricted access.

Kouroupi explained that the reopening allows private cars to enter the arrivals area for brief stops to collect passengers, while police officers are stationed on site to supervise traffic and prevent congestion.

Shipping companies in Cyprus and Greece could face a radically different carbon bill depending on which of four rival proposals prevails at the International Maritime Organisation (IMO), with the options ranging from no direct greenhouse gas charge to a Tier 1 compliance price of $300 per tonne of CO2 equivalent.

The outcome directly concerns Cyprus’ shipmanagement cluster and the Greek-owned fleet, affecting operating costs, charter agreements, investment in cleaner fuels and decisions over whether older vessels remain commercially viable. 

It also comes as companies operating through European ports are already paying under the EU Emissions Trading System and complying with FuelEU Maritime, creating fears that a future IMO mechanism could expose them to overlapping charges for the same emissions. 

At the centre of the negotiations is a question with a very expensive answer, how much should a ship pay for its pollution, and who will ultimately pick up the bill? 

The proposals now heading into the next round of talks could take the IMO framework in sharply different directions. 

Cyprus is preparing to overhaul the rules governing forced property sales, moving valuations into private hands, introducing a fixed 15 per cent reduction after an unsuccessful auction and drawing a line under cases that remain unresolved for years.

The department of lands and surveys opened a public consultation on August 7, saying the changes were designed to modernise the way reserve prices are calculated and shorten procedures that can remain open after repeated failed auctions. 

A reserve price is the lowest amount that may be accepted for a property at auction. It is intended to prevent an owner’s property from being sold at an exceptionally low price when it is being offered outside the normal market. 

Forced sales can arise following an unexecuted court judgment, the exercise of a mortgage lender’s legal rights or another court or statutory procedure. The proposed rules would also cover indivisible properties held by co-owners who have been unable to agree on their future. 

Greek retail group Jumbo recorded one of its strongest performances in Cyprus in July, with sales rising by approximately 14 per cent year-on-year, helping return the retailer’s overall results to the levels expected by management.

For the first seven months of 2026, Jumbo’s sales in Cyprus increased by around 6 per cent, keeping the market ahead of the group-wide growth rate. 

Across the Jumbo Group, sales climbed by approximately 9 per cent in July, accelerating from the 7 per cent increase recorded in June. As a result, sales for the January-to-July period were around 5 per cent higher year-on-year. 

The July improvement brought the group’s performance fully back in line with the guidance presented at its recent annual general meeting. 

Management continues to forecast full-year sales growth of approximately 5 per cent, while net profit is expected to range between €310 million and €320 million. 

Cyprus recorded a further increase in building activity in April 2026, with the state statistical service (Cystat) reporting that 639 building permits were authorised, up 10.7 per cent compared with the same month last year.

The permits had a combined value of €413 million and covered 335,336 square metres, providing for the construction of 1,728 dwelling units. 

During the January to April 2026 period, the number of permits reached 2,915, compared with 2,157 a year earlier, representing an increase of 35.1 per cent. 

Meanwhile, their total value rose by 46.1 per cent, from €1.14 billion to €1.67bn, while the authorised floor area expanded by 45.5 per cent, from 927,996 to 1.35m square metres. 

The number of planned homes recorded the strongest increase, climbing by 65 per cent to 7,131 units, compared with 4,321 during the corresponding period of 2025.

Cyprus-based biotechnology company iDNA Genomics Public Ltd on Monday announced that it approved its audited consolidated financial statements for 2025, reporting a wider loss and a sharp deterioration in its balance sheet compared with the previous year.

The company’s board approved its annual report and audited consolidated financial statements for the year ended December 31, 2025, prepared in accordance with applicable legislation and accounting standards.

The report includes the consolidated financial statements, the management report and the independent auditors’ report.

The annual report will be sent to all shareholders and published on the company’s website, while printed copies will also be available free of charge from its registered office in Nicosia.

Euroxx Research has raised its earnings forecasts for the Bank of Cyprus for 2026-2028 and increased its target price for the lender’s shares to €13 from €11.50, following stronger-than-expected first-half results.

The brokerage said the shares remain an attractive investment option, combining defensive characteristics, a strong capital position and an exceptionally high dividend yield, which it expects to reach 9.2 per cent in 2026.

The Bank of Cyprus reported profit after tax of €252 million for the first half of 2026, up 7 per cent year-on-year, while profit for the second quarter alone reached €131 million.

The lender also announced a 20 per cent increase in its interim dividend, with €0.24 per ordinary share to be paid, equivalent to approximately €105m and representing a 44 per cent payout ratio on first-half earnings.

Cyprus’ trade deficit widened sharply during the first half of 2026, reaching €4.68 billion, as imports continued to grow while exports moved in the opposite direction, according to figures released on Monday by the statistical service (Cystat).

Total imports between January and June amounted to €7.30bn, up 8.8 per cent from €6.71bn during the corresponding period of 2025.

At the same time, exports fell by 1.2 per cent to €2.62bn, compared with €2.65bn a year earlier. Consequently, the trade deficit increased by €624 million, or 15.4 per cent, from €4.06bn in the first six months of 2025.

The imbalance became particularly visible in June, when imports rose by 11.9 per cent to €1.29bn, while exports declined by 9.9 per cent to €463m.

This left Cyprus with a monthly trade shortfall of approximately €826.3m, almost 30 per cent wider than the €638.1m recorded in June 2025.