Philenews

Economy: The Major Challenges of 2026

Published January 4, 2026, 00:01
Economy: The Major Challenges of 2026

The article examines the major economic challenges expected to face Cyprus in 2026. It highlights the economy's dependence on tourism, services, and real estate, which makes it vulnerable to international crises. Diversifying the production base through investment in new sectors such as technology and innovation is identified as a key challenge. Other important issues include inflation, the new tax framework, the housing problem, and the green transition, as well as high energy costs. The article emphasizes the need for vision, long-term planning, and determination to ensure sustainable development.